<SEC-DOCUMENT>0000912938-25-000202.txt : 20251030
<SEC-HEADER>0000912938-25-000202.hdr.sgml : 20251030
<ACCEPTANCE-DATETIME>20251030152441
ACCESSION NUMBER:		0000912938-25-000202
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		15
FILED AS OF DATE:		20251030
DATE AS OF CHANGE:		20251030
EFFECTIVENESS DATE:		20251030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST I
		CENTRAL INDEX KEY:			0000798244
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04777
		FILM NUMBER:		251434911

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SERIES TRUST I /MA/
		DATE OF NAME CHANGE:	19940427

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS LIFETIME MANAGED SECTORS FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFETIME MANAGED SECTORS TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS Active Exchange Traded Funds Trust
		CENTRAL INDEX KEY:			0002018846
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-23953
		FILM NUMBER:		251434943

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST IX
		CENTRAL INDEX KEY:			0000063075
		ORGANIZATION NAME:           	
		EIN:				042535629
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02464
		FILM NUMBER:		251434928

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SERIES TRUST IX /MA/
		DATE OF NAME CHANGE:	19951218

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SERIES TRUST IX
		DATE OF NAME CHANGE:	19950207

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS BOND FUND
		DATE OF NAME CHANGE:	19930408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSACHUSETTS INVESTORS GROWTH STOCK FUND
		CENTRAL INDEX KEY:			0000063090
		ORGANIZATION NAME:           	
		EIN:				041885327
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-00859
		FILM NUMBER:		251434945

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS INVESTORS GROWTH STOCK FUND INC
		DATE OF NAME CHANGE:	19920414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASSACHUSETTS INVESTORS TRUST
		CENTRAL INDEX KEY:			0000063091
		ORGANIZATION NAME:           	
		EIN:				041590600
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-00203
		FILM NUMBER:		251434944

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST V
		CENTRAL INDEX KEY:			0000200489
		ORGANIZATION NAME:           	
		EIN:				042468583
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02031
		FILM NUMBER:		251434927

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS TOTAL RETURN FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS MFS TOTAL RETURN FUND
		DATE OF NAME CHANGE:	19921023

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS FINANCIAL TOTAL RETURN TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST III
		CENTRAL INDEX KEY:			0000225604
		ORGANIZATION NAME:           	
		EIN:				046414785
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02794
		FILM NUMBER:		251434930

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SERIES TRUST III /MA
		DATE OF NAME CHANGE:	19940411

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS HIGH INCOME FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS FINANCIAL HIGH INCOME TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST VII
		CENTRAL INDEX KEY:			0000318874
		ORGANIZATION NAME:           	
		EIN:				046452925
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-03090
		FILM NUMBER:		251434925

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS WORLDWIDE GOVERNMENTS FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS WORLDWIDE GOVERNMENTS TRUST
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS FINANCIAL INTERNATIONAL TRUST BOND PORTFOLIO
		DATE OF NAME CHANGE:	19910225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XIII
		CENTRAL INDEX KEY:			0000356349
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-03327
		FILM NUMBER:		251434919

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT SECURITIES FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT GUARANTEED SECURITIES TRUST
		DATE OF NAME CHANGE:	19910522

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WORKING CAPITAL TRUST
		DATE OF NAME CHANGE:	19840529

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS VARIABLE INSURANCE TRUST II
		CENTRAL INDEX KEY:			0000719269
		ORGANIZATION NAME:           	
		EIN:				046540044
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-03732
		FILM NUMBER:		251434913

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		16179545839

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SUN LIFE SERIES TRUST
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPASS SERIES TRUST
		DATE OF NAME CHANGE:	19850325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS MUNICIPAL SERIES TRUST
		CENTRAL INDEX KEY:			0000751656
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04096
		FILM NUMBER:		251434932

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS MANAGED MULTI STATE MUNICIPAL BOND TRUST
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS MANAGED MULTI STATE TAX EXEMPT TRUST
		DATE OF NAME CHANGE:	19890410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XV
		CENTRAL INDEX KEY:			0000764719
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04253
		FILM NUMBER:		251434918

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT LIMITED MATURITY FUND /MA/
		DATE OF NAME CHANGE:	19930623

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT PREMIUM FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT PREMIUM ACCOUNT
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST X
		CENTRAL INDEX KEY:			0000783740
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04492
		FILM NUMBER:		251434923

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT MORTGAGE FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GOVERNMENT INCOME PLUS FUND
		DATE OF NAME CHANGE:	19930312

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS MFS GOVERNMENT INCOME PLUS FUND
		DATE OF NAME CHANGE:	19921015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST II
		CENTRAL INDEX KEY:			0000798250
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04775
		FILM NUMBER:		251434931

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS SERIES TRUST II /MA/
		DATE OF NAME CHANGE:	19940131

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS LIFETIME EMERGING GROWTH FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFETIME EMERGING GROWTH TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000801961
		ORGANIZATION NAME:           	
		EIN:				046554822
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04841
		FILM NUMBER:		251434933

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS MULTIMARKET INCOME TRUST
		CENTRAL INDEX KEY:			0000809173
		ORGANIZATION NAME:           	
		EIN:				046562226
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04975
		FILM NUMBER:		251434934

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS HIGH YIELD MARKETS TRUST
		DATE OF NAME CHANGE:	19870204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS HIGH YIELD MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000809844
		ORGANIZATION NAME:           	
		EIN:				042950868
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04992
		FILM NUMBER:		251434939

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLONIAL MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS GOVERNMENT MARKETS INCOME TRUST
		CENTRAL INDEX KEY:			0000811922
		ORGANIZATION NAME:           	
		EIN:				046565627
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05078
		FILM NUMBER:		251434941

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST VIII
		CENTRAL INDEX KEY:			0000819673
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05262
		FILM NUMBER:		251434924

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02119
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS STRATEGIC INCOME FUND
		DATE OF NAME CHANGE:	19940910

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS INCOME & OPPORTUNITY FUND /
		DATE OF NAME CHANGE:	19931006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS INCOME & OPPORTUNITY FUND
		DATE OF NAME CHANGE:	19930408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS INTERMEDIATE INCOME TRUST
		CENTRAL INDEX KEY:			0000826735
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05440
		FILM NUMBER:		251434936

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS MULTI GOVERNMENT INTERMEDIATE TRUST
		DATE OF NAME CHANGE:	19880308

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL GOVERNMENT INCOME TRUST
		DATE OF NAME CHANGE:	19880211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS INTERMEDIATE HIGH INCOME FUND
		CENTRAL INDEX KEY:			0000833021
		ORGANIZATION NAME:           	
		EIN:				046593681
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05567
		FILM NUMBER:		251434937

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		6179545000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLONIAL INTERMEDIATE HIGH INCOME FUND
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS HIGH INCOME MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000845606
		ORGANIZATION NAME:           	
		EIN:				043039022
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05754
		FILM NUMBER:		251434940

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLONIAL HIGH INCOME MUNICIPAL TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS INVESTMENT GRADE MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000847411
		ORGANIZATION NAME:           	
		EIN:				043046360
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05785
		FILM NUMBER:		251434935

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS CHARTER INCOME TRUST
		CENTRAL INDEX KEY:			0000851170
		ORGANIZATION NAME:           	
		EIN:				043055815
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05822
		FILM NUMBER:		251434942

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS PRINCIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19890906

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SPECIAL VALUE TRUST
		CENTRAL INDEX KEY:			0000856128
		ORGANIZATION NAME:           	
		EIN:				043063376
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05912
		FILM NUMBER:		251434915

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		24TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST VI
		CENTRAL INDEX KEY:			0000863032
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06102
		FILM NUMBER:		251434926

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS WORLDWIDE TOTAL RETURN FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS WORLDWIDE TOTAL RETURN TRUST
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XVII
		CENTRAL INDEX KEY:			0000867969
		ORGANIZATION NAME:           	
		EIN:				043158862
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06174
		FILM NUMBER:		251434916

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS INSTITUTIONAL TRUST
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUBLIC FUNDS INVESTMENT TRUST
		DATE OF NAME CHANGE:	19920609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XI
		CENTRAL INDEX KEY:			0000911637
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07992
		FILM NUMBER:		251434922

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS UNION STANDARD TRUST
		DATE OF NAME CHANGE:	19930907

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS VARIABLE INSURANCE TRUST
		CENTRAL INDEX KEY:			0000918571
		ORGANIZATION NAME:           	
		EIN:				043226600
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08326
		FILM NUMBER:		251434914

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS VARIABLE INSURANCE TRUST III
		CENTRAL INDEX KEY:			0001065698
		ORGANIZATION NAME:           	
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08879
		FILM NUMBER:		251434912

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUN CAPITAL ADVISERS TRUST
		DATE OF NAME CHANGE:	19980709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XII
		CENTRAL INDEX KEY:			0001330967
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21780
		FILM NUMBER:		251434920

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS Series Trust XII
		DATE OF NAME CHANGE:	20050622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS INSTITUTIONAL MONEY MARKET PORTFOLIO, A SERIES OF THE MFS SERIES TRUST XIV
		CENTRAL INDEX KEY:			0001392417
		ORGANIZATION NAME:           	
		EIN:				208538605
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22033
		FILM NUMBER:		251434938

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		617-954-5000

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS Institutional Money Market Portfolio, a series of the MFS Series Trust XIV
		DATE OF NAME CHANGE:	20090313

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS Series Trust XIV
		DATE OF NAME CHANGE:	20070308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST XVI
		CENTRAL INDEX KEY:			0000063067
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02032
		FILM NUMBER:		251434917

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS GROWTH OPPORTUNITIES FUND
		DATE OF NAME CHANGE:	19940304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS CAPITAL DEVELOPMENT FUND
		DATE OF NAME CHANGE:	19930408

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETT MFS CAPITAL DEVELOPMENT FUND
		DATE OF NAME CHANGE:	19921015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS SERIES TRUST IV
		CENTRAL INDEX KEY:			0000063068
		ORGANIZATION NAME:           	
		EIN:				046382595
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02594
		FILM NUMBER:		251434929

	BUSINESS ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		111 HUNTINGTON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS MUNICIPAL BOND FUND /MA/
		DATE OF NAME CHANGE:	19930910

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASSACHUSETTS CASH MANAGEMENT TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17G
<SEQUENCE>1
<FILENAME>c4017g.htm
<TEXT>
<html>
<head>
<title></title>
</head><body><a name="document_0"></a>
<!-- PAGEBREAK_END -->
<p style="font-size:8.0pt; font-family:Serif; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><img src="img_a9f6a3db40084f1.jpg"></p><p
style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:center; color:#002060; font-weight:bold;
text-decoration:none;">111 Huntington Ave., Boston, Massachusetts 02199-7632</p><p style="font-size:11.0pt;
font-family:Serif; text-align:center; color:#002060; font-weight:bold; font-style:normal;"><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; color:#002060; font-weight:bold; text-decoration:none;">Phone 617-954-5000</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:center; color:#002060; font-weight:normal;
text-decoration:none;">October 21, 2025</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:left; color:#002060; font-weight:bold; text-decoration:underline;">VIA EDGAR</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:left; color:#002060; font-weight:normal; text-decoration:none;">United
States Securities and Exchange Commission</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:left; color:#002060; font-weight:normal; text-decoration:none;">100 F Street, N.E.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:left; color:#002060; font-weight:normal; text-decoration:none;">Washington,
DC  20549</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:left; color:#002060;
font-weight:normal; text-decoration:none;">Ladies and Gentlemen:</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; color:#002060; font-weight:normal; text-decoration:none;"><font
style="word-spacing:10.5pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Pursuant to Rule 17g-1(g) under the Investment
Company Act of 1940, as amended, enclosed herewith for filing are the following documents:</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060; text-indent:-54.0pt;
font-weight:normal; margin-left:54.0pt; text-decoration:none;"><font style="word-spacing:28.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">1.</font><font
style="word-spacing:28.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">A copy of the resolution of the Board of Trustees
approving the form and amount of the bonds:</font></p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; color:#002060; text-indent:-54.0pt; font-weight:normal; margin-left:54.0pt;
text-decoration:none;"><font style="word-spacing:28.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:28.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Certificate
of Assistant Secretary for MFS Series Trust I, MFS Series Trust II, MFS Series Trust III, MFS Series
Trust IV, MFS Series Trust V, MFS Series Trust VI, MFS Series Trust VII, MFS Series Trust VIII, MFS Series
Trust IX, MFS Series Trust X, MFS Series Trust XI, MFS Series Trust XII, MFS Series Trust XIII, MFS Series
Trust XIV, MFS Series Trust XV, MFS Series Trust XVI, MFS Series Trust XVII, MFS Municipal Series Trust,
MFS Variable Insurance Trust, MFS Variable Insurance Trust II, MFS Variable Insurance Trust III, , MFS
Active Exchange Traded Funds Trust, Massachusetts Investors Trust, Massachusetts Investors Growth Stock
Fund, MFS Charter Income Trust, MFS Government Markets Income Trust, MFS High Income Municipal Trust,
MFS High Yield Municipal Trust, MFS Intermediate High Income Fund, MFS Intermediate Income Trust, MFS
Investment Grade Municipal Trust, MFS Multimarket Income Trust, MFS Municipal Income Trust and MFS Special
Value Trust, dated October 22, 2025;</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; color:#002060; text-indent:-54.0pt; font-weight:normal; margin-left:54.0pt; text-decoration:none;"><font
style="word-spacing:28.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:28.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Fidelity
Bond Claim Agreement, dated November 1, 1993, as amended and restated June 12, 2002, as amended and restated
June 12, 2002, as amended and restated March 1, 2008, (including Exhibit A, as of September 30, 2024),
between the investment company and all other parties to the joint insured bonds entered into pursuant
to paragraph (f) of the Rule; and</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; color:#002060; text-indent:-54.0pt; font-weight:normal; margin-left:54.0pt; text-decoration:none;"><font
style="word-spacing:28.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:28.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Copies
of the executed bonds:</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.5pt;
font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No. &#8211;
81391896 - Declarations</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
color:#002060; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.5pt; font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
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color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 1</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.5pt;
font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
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- Endorsement No. 2</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
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font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
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color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 3</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
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font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
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- Endorsement No. 4</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
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color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 5</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
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font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
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color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 6</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.5pt;
font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 7</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.5pt;
font-family:Symbol; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Federal Insurance Company &#8211; Bond No.&#8211; 81391896
- Endorsement No. 8</font></p>
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style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">1</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#002060; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.5pt; font-family:Symbol;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Federal
Insurance Company &#8211; Bond No.&#8211; 81391896 - Endorsement No. 9</font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; color:#002060; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.5pt; font-family:Symbol; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Federal
Insurance Company &#8211; Bond No.&#8211; 81391896 - Endorsement No. 10</font></p>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">2</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060;
font-weight:normal; margin-left:54.0pt; text-decoration:none;">United States Securities and Exchange
Commission</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060;
text-indent:-54.0pt; font-weight:normal; margin-left:54.0pt; text-decoration:none;">October 21, 2025
 </p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060;
text-indent:-54.0pt; font-weight:normal; margin-left:54.0pt; text-decoration:none;">Page 2</p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; color:#002060; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.5pt; font-family:Symbol; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Federal
Insurance Company &#8211; Bond No.&#8211; 81391896 - Endorsement No. 11</font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; color:#002060; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.5pt; font-family:Symbol; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Federal
Insurance Company &#8211; Bond No.&#8211; 81391896 - Endorsement No. 12</font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; color:#002060; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.5pt; font-family:Symbol; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Important
Notice to Policyholders</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
color:#002060; font-weight:normal; text-decoration:none;"><font style="word-spacing:10.5pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Had
each of the Funds listed below on Attachment A not been named as an insured under the joint insured bonds
in effect, it is estimated that each Fund would have been required to maintain coverage under the Rule
as set forth on Attachment A.</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; color:#002060; font-weight:normal; text-decoration:none;"><font style="word-spacing:10.5pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">The
premium on the above-mentioned bonds has been paid from November 1, 2024, to November 1, 2025.</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060; text-indent:-43.2pt;
font-weight:normal; text-decoration:none;"><font style="word-spacing:22.6pt;">&#160;</font><font style="word-spacing:22.6pt;">&#160;</font><font
style="word-spacing:22.6pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Very truly yours,</font></p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; color:#002060; font-weight:normal; text-decoration:none;"><font
style="word-spacing:10.5pt;">&#160;</font><font style="word-spacing:10.5pt;">&#160;</font><font style="word-spacing:10.5pt;">&#160;</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060; font-weight:normal;
text-decoration:none;"><font style="word-spacing:10.5pt;">&#160;</font><font style="word-spacing:10.5pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">/s/CHRISTOPHER
R. BOHANE</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
color:#002060; font-weight:normal; text-decoration:none;"><font style="word-spacing:10.5pt;">&#160;</font><font
style="word-spacing:10.5pt;">&#160;</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#002060; font-weight:normal; text-decoration:none;">Christopher R. Bohane</font><font style="word-spacing:10.5pt;">&#160;</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; color:#002060; text-indent:-43.2pt;
font-weight:normal; text-decoration:none;"><font style="word-spacing:22.6pt;">&#160;</font><font style="word-spacing:22.6pt;">&#160;</font><font
style="word-spacing:22.6pt;">&#160;</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:left; color:#002060; text-indent:-43.2pt; font-weight:normal; text-decoration:none;"><font
style="word-spacing:22.6pt;">&#160;</font><font style="word-spacing:22.6pt;">&#160;</font><font style="word-spacing:22.6pt;">&#160;</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#002060; font-weight:normal; text-decoration:none;">Assistant
Secretary and Assistant Clerk</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; color:#002060; font-weight:normal; text-decoration:none;">CRB/mao</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; color:#002060; font-weight:normal; text-decoration:none;">Attachments</p>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">3</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="89%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:10.22%;" >&nbsp;</td><td style="width:69.73%;" >&nbsp;</td><td
style="width:20.04%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">Acronym</p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#000000;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">Trust / Fund Name</p></td><td
style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">Fidelity
Bond Coverage Required</p></td></tr><tr><td style="vertical-align:middle; background-color:#BFBFBF; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:top; background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES TRUST I</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EIF</p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;"> MFS Value Fund </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">LVO</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Low Volatility Global Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">LVU</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Low Volatility Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MCF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
U.S. Government Cash Reserve Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">NDF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
New Discovery Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">RGI</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Core Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">RIF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Research International Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">SCT</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Technology Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;
border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">                2,500,000.00
</p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top; background-color:#BFBFBF;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS
SERIES TRUST II</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MEG</p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;"> MFS Growth Fund </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST III</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">HYO</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Global High Yield Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">HYP</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
High Yield Pooled Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MFH</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
High Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMH</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Municipal High Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST IV</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">BRK</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Blended Research Emerging Markets Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">BRX</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Blended Research International Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">GND</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Global New Discovery Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMM</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
U.S. Government Money Market Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">OTC</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Mid Cap Growth Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST V</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MFR</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Research Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MIO</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
International New Discovery Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MTR</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Total Return Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST VI</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MMU</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Utilities Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MWE</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Global Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MWT</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Global Total Return Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST VII</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EQI</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Equity Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">EEM</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Emerging Markets Equity Research Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">UIV</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Intrinsic Value Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
                   900,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST VIII</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MSI</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">WGF</p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;"> MFS Global Growth Fund </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">                2,500,000.00
</p></td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">4</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="89%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:10.22%;" >&nbsp;</td><td style="width:69.73%;" >&nbsp;</td><td
style="width:20.04%;" >&nbsp;</td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST IX</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">IAB</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Inflation-Adjusted Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MFB</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Corporate Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MLM</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Limited Maturity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MML</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Municipal Limited Maturity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">RBF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Total Return Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST X</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">AGG</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Aggressive Growth Allocation Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">BMS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Blended Research Mid Cap Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">BRS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Blended Research Small Cap Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">BRU</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Blended Research Value Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">BRW</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Blended Research Growth Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">CON</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Conservative Allocation Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">EMD</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Emerging Markets Debt Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">EML</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Emerging Markets Debt Local Currency Fund </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">FEM</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Emerging Markets Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">FGF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
International Growth Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">FGI</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
International Intrinsic Value Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">GLB</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Global Opportunistic Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">GRO</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Growth Allocation Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MDI</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
International Diversification Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MGW</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Managed Wealth Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MKV</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
International Large Cap Value Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MOD</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Moderate Allocation Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XI</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MDV</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Mid Cap Value Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">UNE</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Blended Research Core Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XII</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">L25</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Lifetime 2025 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">L35</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2035 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">L45</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2045 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">L55</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2055 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">L65</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2065 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">LRT</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MCB</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Core Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">ML3</p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;"> MFS Lifetime 2030 Fund </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">ML4</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Lifetime 2040 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">ML5</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2050 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">ML6</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Lifetime 2060 Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XIII</p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">DIF</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Diversified Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">GRE</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Global Real Estate Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MGS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Government Securities Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">NDV</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
New Discovery Value Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XIV</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">IMM</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Institutional Money Market Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">5</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="89%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:10.22%;" >&nbsp;</td><td style="width:69.73%;" >&nbsp;</td><td
style="width:20.04%;" >&nbsp;</td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XV</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">CMS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Commodity Strategy Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">DTR</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Global Alternative Strategy Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               1,250,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XVI</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">FPP</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Prudent Investor Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
                   300,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST XVII</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">IIE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS International Equity Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">STAND-ALONE FUNDS</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MIG</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
Massachusetts Investors Growth Stock Fund </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MIT</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
Massachusetts Investors Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">CLOSED-END FUNDS</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">CIH</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Intermediate High Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">CMU</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
High Yield Municipal Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">CXE</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
High Income Municipal Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">CXH</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Investment Grade Municipal Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MCR</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Charter Income Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MFM</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Municipal Income Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MFV</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Special Value Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MGF</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Government Markets Income Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MIN</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Intermediate Income Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMT</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Multimarket Income Trust </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               1,700,000.00 </p></td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS MUNICIPAL SERIES TRUST</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MAL</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Alabama Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MAR</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Arkansas Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MCA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
California Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MGA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Georgia Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MIU</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Municipal Intermediate Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Massachusetts Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMD</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Maryland Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMI</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Municipal Income Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MMP</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Mississippi Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MNC</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
North Carolina Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MNY</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
New York Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MPA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Pennsylvania Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MSC</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
South Carolina Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MVA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
Virginia Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MWV</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
West Virginia Municipal Bond Fund </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">6</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="89%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:10.22%;" >&nbsp;</td><td style="width:69.73%;" >&nbsp;</td><td
style="width:20.04%;" >&nbsp;</td></tr><tr><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS VARIABLE INSURANCE TRUST</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VEG</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Growth Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VFB</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Total Return Bond Series </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VFR</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Research Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VGE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Global Equity Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VGI</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Investors Trust Series </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VLU</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Value Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VMG</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Mid Cap Growth Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VND</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS New Discovery Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VTR</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Total Return Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VUF</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS Variable Insurance Trust - MFS Utilities Series </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle; border-bottom:0.25pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS Variable Insurance Trust II:</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">BDS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Corporate Bond Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">CGS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Blended Research Core Equity Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">FCE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Emerging Markets Equity Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">FCG</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS International Intrinsic Value Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">FCI</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS International Growth Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">GSS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Government Securities Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">HYS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS High Yield Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">MIS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT II - MFS Massachusetts Investors Growth Stock Portfolio </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">MKS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS U.S. Government Money Market Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">RES</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Global Research Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">RGS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Core Equity Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">RSS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT II - MFS Research International Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">SIS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Income Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">TKS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT II - MFS Technology Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">WGO</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT II - MFS Global Growth Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">WGS</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT II - MFS Global Governments Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">WTS</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT II - MFS Global Tactical Allocation Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; border-bottom:0.25pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.25pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
               2,500,000.00 </p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#BFBFBF; font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:top;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#BFBFBF;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS Variable
Insurance Trust III:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">VCA</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"> MFS
VIT III - MFS Conservative Allocation Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VDV</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS New Discovery Value Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VGA</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Growth Allocation Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VIA</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Inflation-Adjusted Bond Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VLT</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Limited Maturity Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VMA</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Moderate Allocation Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VMC</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Mid Cap Value Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VRE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Global Real Estate Portfolio </p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">VSC</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
MFS VIT III - MFS Blended Research Small Cap Equity Portfolio </p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top; border-bottom:0.25pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">                1,900,000.00 </p></td></tr><tr><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#BFBFBF;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#BFBFBF;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS ACTIVE
EXCHANGE TRADED FUNDS TRUST</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">ECP</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS Active
Core Plus Bond ETF  (launched Dec. 5, 2024)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EGO</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active Growth ETF  (launched Dec. 5, 2024)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EIE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active International ETF  (launched Dec. 5, 2024)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EMU</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active Intermediate Muni Bond ETF  (launched Dec. 5, 2024)</p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">EVE</p></td><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active Value ETF (launched Dec. 5, 2024)</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">ECM</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS Active
Mid Cap ETF (launched Sept 24, 2025)</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">EBC</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; font-weight:normal; text-decoration:none;">MFS Blended Research
Core Equity ETF (launched Oct 22, 2025)</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Calibri; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">EBI</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Calibri; text-align:left; font-weight:normal; text-decoration:none;">MFS Blended Research
International Equity ETF (launched Oct 22, 2025)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Calibri;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">                 900,000</p></td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">7</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:normal;
text-decoration:underline;">CERTIFICATE OF ASSISTANT SECRETARY</p><table cellspacing="0" style="border-collapse:collapse"
width="80%" cellpadding="2" align="center" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:12.0pt; font-family:Arial; text-align:center;
color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust I </p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust II</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust III</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Series Trust IV</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust V</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust VI</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Series Trust VII</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust VIII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust IX</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Series Trust X</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust XI</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust XII</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Series Trust XIII</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust XIV</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Series Trust XV</p><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Series Trust XVI</p><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Series Trust XVII</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Municipal Series Trust</p><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Active Exchange Traded Funds Trust</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Variable Insurance Trust</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Variable Insurance Trust II</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt;
font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Variable
Insurance Trust III</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">Massachusetts Investors Trust</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">Massachusetts Investors Growth Stock Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Charter Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Government Markets Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt;
font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS High
Income Municipal Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS High Yield Municipal Trust</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Intermediate High Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS
Intermediate Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt;
font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Investment
Grade Municipal Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Multimarket Income Trust</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000;
font-weight:bold; text-decoration:none;">MFS Municipal Income Trust</p><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; text-decoration:none;">MFS Special Value Trust</p></td></tr></table><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">The
undersigned, being the Assistant Secretary of the above-mentioned Trusts, (collectively, the &#8220;Trusts&#8221;),
hereby certifies that the following is a complete, true and correct copy of the vote adopted by the Trustees
of </p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">8</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal;
text-decoration:none;">the Trusts on June 11, 2025, and that such vote has not been altered, amended,
or rescinded and is in full force and effect as of the date hereof.</p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">[ALL]</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
 </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Upon motion duly made and seconded, it was by all of the Independent Trustees
voting together and then all of the Trustees present</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; color:#000000; text-indent:-72.0pt; font-weight:normal; margin-left:72.0pt; text-decoration:none;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font
style="word-spacing:37.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">That, upon recommendation by the Services Contracts
Committee, it is the finding of the Trustees that the fidelity bonds written by ICI Mutual Insurance
Company (ICI Mutual), and Federal Insurance Company (Chubb), (collectively, the "Bond") in the aggregate
amount of $58 million (the &#8220;Coverage Amount&#8221;), on the terms and conditions presented at this meeting
and covering, among others, Trustees, officers and employees of the Trust, in accordance with the requirements
of Rule 17g-1 promulgated by the Securities and Exchange Commission under Section 17(g) of the Investment
Company Act of 1940, as amended, are reasonable in form and amount, after having given due consideration
to, among other things, the value of the aggregate assets of the Trust to which any person covered under
the Bond may have access, the type and terms of the arrangements made for the custody and safekeeping
of assets of the Trust, the nature of the Trust's securities, the number of other parties named as insured
parties under the Bond and the nature of the business activities of the other parties;</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">FURTHER</p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; text-indent:-72.0pt; font-weight:normal;
margin-left:72.0pt; text-decoration:none;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font style="word-spacing:37.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">That,
upon recommendation by the Services Contracts Committee, after having given due consideration to, among
other things, the number of other parties insured under the Bond, the nature of business activities of
those other parties, the amount of the Bond, the amount of the premium and the ratable allocation of
the premium and service fee among all parties named as insureds, that the premium on the Bond and service
fee be, and it hereby is, allocated among the insured parties in the proportion that the higher of their
minimum required or assigned coverage bears to the Coverage Amount;</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">FURTHER</p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; text-indent:-72.0pt; font-weight:normal;
margin-left:72.0pt; text-decoration:none;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font style="word-spacing:37.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">That,
upon recommendation by the Services Contracts Committee, the officers of the Trust be, and each of them
hereby is, authorized and directed to enter into an agreement, as required by paragraph (f) of Rule 17g-1
promulgated by the Securities and Exchange Commission under the Investment Company Act of 1940, as amended,
with the other named insureds under said Bond providing that in the event any recovery is received under
the Bond as a result of a loss sustained by the Trust and also by one or more of the other named insureds,
the Trust shall receive an equitable and proportionate share of the recovery, but at least equal to the
amount it would have received had it provided and maintained a single insured bond with the minimum coverage
required by paragraph (d)(1) of Rule 17g-1 promulgated by the Securities and Exchange Commission under
the Investment Company Act of 1940, as amended;</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">FURTHER</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">9</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; text-indent:-72.0pt;
font-weight:normal; margin-left:72.0pt; text-decoration:none;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font style="word-spacing:37.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">That,
upon recommendation by the Services Contracts Committee, the Bond be, and it hereby is, approved on the
terms presented at this meeting;</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">FURTHER</p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; color:#000000; text-indent:-72.0pt; font-weight:normal; margin-left:72.0pt; text-decoration:none;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font
style="word-spacing:37.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">That, upon recommendation by the Services Contracts
Committee, the appropriate officers of the Trust be, and they hereby are, authorized and directed to
prepare, execute, and file such amendments and supplements to the aforesaid agreement, and to take such
other action as may be necessary or appropriate in order to conform to the provisions of the Investment
Company Act of 1940, as amended, and the rules and regulations thereunder; </font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">FURTHER</p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; color:#000000; text-indent:-72.0pt; font-weight:normal;
margin-left:72.0pt; text-decoration:none;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">VOTED:</font><font style="word-spacing:37.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">That,
upon recommendation by the Services Contracts Committee, the Secretary or any Assistant Secretary of
the Trust shall file the Bond with the Securities and Exchange Commission and give notices required under
paragraph (g) of Rule 17g-1 promulgated by the Securities and Exchange Commission under the Investment
Company Act of 1940, as amended.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">IN WITNESS WHEREOF, I have
hereunder set my hand this 22</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"><sup>nd</sup></font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> day
of October 2025.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000;
font-weight:normal; font-style:normal;"><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">/S/CHRISTOPHER
R. BOHANE</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">__</font><font style="word-spacing:12.0pt;">&#160;</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">
</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;"><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Christopher R. Bohane</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"><font
style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">Assistant Secretary</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Date:
October 22, 2025</p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Commonwealth of Massachusetts</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">)</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"><font
style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">)</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">ss.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">County
of Suffolk</font><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">)</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">On this
22</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"><sup>nd</sup></font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> day of October 2025, before me, Caitlin Correia,
the undersigned Notary Public, personally appeared Christopher R. Bohane, who is personally known to
me to be the person whose name is signed above, and acknowledged to me that he signed it voluntarily
for its stated purpose as Assistant Secretary of the Fund.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">10</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">/S/CAITLIN
CORREIA</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">__</font><font style="word-spacing:12.0pt;">&#160;</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Caitlin
Correia</p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">Notary Public</p><p style="font-size:12.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">My Commission Expires: August 14, 2031</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">11</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:11.0pt; font-family:Serif; font-style:normal; text-align:center; color:#002060; font-weight:bold;
text-decoration:underline;">FIDELITY BOND CLAIM AGREEMENT</p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; color:#000000; font-weight:normal; font-style:normal;"><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">THIS
MASTER FIDELITY BOND CLAIM AGREEMENT dated November 1, 1993, as amended and restated June 12, 2002, as
amended and restated March 1, 2008, by and among (i) each of the funds listed from time to time in </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">Exhibit
A</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> (collectively, the &#8220;Funds&#8221; or &#8220;Fund Parties&#8221;) and (ii)&#160;Massachusetts
Financial Services Company (&#8220;MFS&#8221;), MFS Service Center, Inc. (&#8220;MFSC&#8221;), MFS Fund Distributors,
Inc. (&#8220;MFD&#8221;), MFS Heritage Trust Company, MFS Institutional Advisors, Inc., and MFS International
Ltd., (collectively, the &#8220;MFS Parties&#8221;).</font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;"><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">WHEREAS, MFS or certain other MFS Parties act
as investment adviser to all of the Funds and certain other clients, MFD acts as distributor for certain
of the Funds and MFSC acts as the transfer and shareholder servicing agent for certain of the Funds;
and from time to time hereafter each may act in the same capacities with respect to other clients including
other investment companies;</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
color:#000000; font-weight:normal; font-style:normal;"><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">WHEREAS,
all the parties hereto are named insureds under broker&#8217;s blanket bonds issued by each of the insurance
companies listed from time to time in </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:underline;">Exhibit B</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">, and/or
such other insurance companies as from time to time may insure parties hereto as such bonds may be amended
and/or restated from time to time (collectively the &#8220;Bonds&#8221;);</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;"><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">WHEREAS, the parties desire to establish (i)
the criteria by which the premium for the Bonds shall be allocated among the parties, (ii) the basis
on which additional investment companies for which MFS, or any subsidiary thereof, may hereafter act
as investment adviser and/or for which MFD may act as distributor, and additional affiliates of MFS may
from time to time be added as named insureds under the Bonds and (iii) the criteria by which losses in
excess of the face amounts of the Bonds shall be allocated among the parties.</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;"><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">NOW THEREFORE, it is agreed as follows:</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt;
font-weight:normal; text-decoration:none;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Each
of the Funds shall pay a portion of each premium which shall be determined as of a specified date (the
&#8220;Date&#8221;) which is the same date for all Fund Parties by calculating the proportion which the minimum
amount of fidelity bond coverage required for such Fund (calculated in accordance with Rule 17g-1 under
the Investment Company Act of 1940, as amended, (&#8220;Rule 17g-1&#8221;)) bears to the total amount of coverage
provided for under the Bonds and applying said proportion to the total annual premium.  The amount remaining
after calculating the portions of the premium to be paid by the Funds shall be paid by MFS or such MFS
Parties as MFS shall determine.</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; font-weight:normal; text-decoration:none;"> </p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal;
text-decoration:none;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">If
one or more of the insurance companies listed in Exhibit B (or such other insurers as from time to time
may insure the parties hereto) are willing without additional premium until the next renewal date to
add, as an insured under any of the Bonds, (i) any investment company permitted to be included on the
Bonds pursuant to Rule 17g-1 for which MFS (or any subsidiary thereof) may act as investment adviser
and/or for which MFD may act as distributor, or (ii) any affiliate of MFS permitted to be included on
the Bonds pursuant to Rule 17g-1, the parties hereto agree (a) that such addition may be made, (b) that
such investment company shall become a party to this Agreement and be included within the terms &#8220;Funds&#8221;
and &#8220;Fund Parties&#8221; and (c) that such affiliate shall become a party to this Agreement and be included
within the term &#8220;MFS Parties.&#8221;</font></p><p style="font-size:12.0pt; font-family:Serif; font-style:normal;
text-align:justify; text-indent:36.0pt; font-weight:normal; text-decoration:none;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In
the event that the claims of loss of two or more insureds under the Bonds are so related that the insurer
is entitled to assert that the claims must be aggregated with the result that the claims exceed the face
amount of the Bonds but the total amount payable on such claims is limited to the face amount of the
Bonds, the following rules for determining, as among such insureds, the priority of satisfaction of the
claims under the Bonds shall apply:</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal; margin-left:36.0pt; text-decoration:none;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">A.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">All claims of Funds which have been duly proved
and established under the Bonds shall be satisfied in full before satisfaction of any claims of MFS or
other MFS Parties, if any.</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal; margin-left:36.0pt; text-decoration:none;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">B.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">If the claims of Funds which have been duly
proved and established under the Bonds exceed the face amount of the Bonds, the insurance proceeds shall
be applied to those claims in the following manner:</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; text-indent:-36.0pt; font-weight:normal; margin-left:108.0pt;
text-decoration:none;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">(i)</font><font style="word-spacing:19.0pt;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first, the insurance
proceeds shall be applied to the claim of each Fund up to its respective minimum fidelity bond requirement
as determined pursuant to paragraph one above with respect to the Funds; and</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:-36.0pt; font-weight:normal;
margin-left:108.0pt; text-decoration:none;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">(ii)</font><font style="word-spacing:19.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the
remaining amount of insurance proceeds then shall be applied to the unsatisfied claims of the Funds in
proportion to their respective minimum fidelity bond requirements as determined pursuant to paragraph
one above with respect to the Funds.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">12</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000;
text-indent:36.0pt; font-weight:normal; margin-left:36.0pt; text-decoration:none;"><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">C.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">If after giving effect to Paragraph A there
remains a portion of the insurance under the Bonds available for the satisfaction of claims of MFS or
other MFS Parties, if any, which have been duly proved and established under the Bonds, such remainder
shall be applied as MFS shall determine.</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal; text-decoration:none;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">4.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">This Agreement hereby supercedes all prior
or contemporaneous agreements among the parties hereto (or any two or more of them) (which other agreements
may include other parties) relating to the subject matter hereof.</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal;
text-decoration:none;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">5.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">The
Agreement shall be governed by and construed in accordance with the laws of The Commonwealth of Massachusetts.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">6.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">Exhibit
A</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> hereto may be amended from time to time to reflect the changes in the funds insured
under the Bonds.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000;
text-indent:36.0pt; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">7.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">Exhibit
B</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> hereto may be amended from time to time to reflect the changes in the insurance
companies issuing the Bonds.</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; text-indent:36.0pt; font-weight:normal; text-decoration:none;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">8.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">A copy of the Declaration of Trust of each
Fund is on file with the Secretary of State of The Commonwealth of Massachusetts.  Each party hereto
acknowledges that the obligations of or arising out of this Agreement are not binding upon any of the
Fund&#8217;s Trustees, officers, employees, agents or shareholders individually, but are binding solely upon
the assets and property of the Fund.  If this Agreement is executed by the Fund on behalf of one or more
series of the Fund, each party hereto further acknowledges that the assets and liabilities of each series
are separate and distinct and that the obligations of or arising out of this Agreement concerning a series
are binding solely upon the assets or property of such series and not upon the assets or property of
any other series.</font></p><p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify;
text-indent:36.0pt; font-weight:normal; text-decoration:none;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">9.</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">This
Agreement may be amended or modified only with the prior written consent of the parties hereto.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;"><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be executed and delivered in their names and on their behalf by the undersigned
officers, thereunto duly authorized, all as of the first day of March 2008.</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify;
color:#000000; font-weight:normal; text-decoration:none;">MFS SERVICE CENTER, INC.</p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">MFS
FUND DISTRIBUTORS, INC.</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify;
color:#000000; font-weight:normal; text-decoration:none;">MFS INSTITUTIONAL ADVISORS, INC.</p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">MFS
INTERNATIONAL LTD. </p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">By:</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">/</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">S/MARK
N. POLEBAUM</font><font style="word-spacing:10.0pt;">&#160;</font><font style="word-spacing:10.0pt;">&#160;</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal;
text-decoration:none;"><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Mark N. Polebaum</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt;
font-weight:normal; text-decoration:none;">Secretary </p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">MFS
HERITAGE TRUST COMPANY</p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">By:</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">/</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">S/MARIA
F. DIORIODWYER</font><font style="word-spacing:10.0pt;">&#160;</font><font style="word-spacing:10.0pt;">&#160;</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal;
text-decoration:none;"><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maria F. DiOrioDwyer</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt;
font-weight:normal; text-decoration:none;">Chairman</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">On Behalf
of the Funds Listed From Time to Time</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">On Exhibit A Hereto:</p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">By:</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:underline;">/S/SUSAN
S. NEWTON</font><font style="word-spacing:10.0pt;">&#160;</font><font style="word-spacing:10.0pt;">&#160;</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; font-weight:normal;
text-decoration:none;"><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Susan S. Newton</font></p><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; color:#000000; text-indent:36.0pt;
font-weight:normal; text-decoration:none;">Assistant Secretary or Assistant Clerk</p>
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style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">13</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">FIDELITY BOND CLAIM AGREEMENT</p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:right; color:#000000; font-weight:bold; text-decoration:underline;">EXHIBIT
A</p><p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:right; color:#000000;
font-weight:normal; margin-left:36.0pt; text-decoration:none;">As of September 30, 2025</p><table cellspacing="0"
style="border-collapse:collapse" width="53%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td
style="width:100%">&nbsp;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold;
text-decoration:underline;">MFS FUNDS BOARD PRODUCTS:</p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS
SERIES TRUST I</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Core Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Low
Volatility Equity Fund </p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS Low Volatility Global
Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS New
Discovery Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Research
International Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Technology
Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS U.S.
Government Cash Reserve Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Value Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top;
background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES TRUST II</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Growth Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST III</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Global
High Yield Fund</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS High Income Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS High Yield Pooled Portfolio</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Municipal High Income Fund</p></td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">MFS SERIES TRUST IV</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt;
text-decoration:none;">MFS Blended Research Emerging Markets Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
margin-left:4.5pt; text-decoration:none;">MFS Blended Research International Equity Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS Global New Discovery
Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Mid
Cap Growth Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS U.S.
Government Money Market Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST V</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS
International New Discovery Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Research Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Total
Return Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top;
background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES TRUST VI</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Equity Fund</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Total Return Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Utilities Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST VII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Emerging Markets Equity Research Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal;
text-decoration:none;">MFS Equity Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal;
text-decoration:none;">MFS Intrinsic Value Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST VIII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Global
Growth Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Income
Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">14</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="53%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS SERIES TRUST IX</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Corporate Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Inflation-Adjusted Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Limited Maturity Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Municipal Limited Maturity Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Total Return Bond Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST X</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Aggressive
Growth Allocation Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Blended Research Growth Equity Fund</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS Blended
Research Mid Cap Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal;
text-decoration:none;">MFS Blended Research Small Cap Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt;
font-weight:normal; text-decoration:none;">MFS Blended Research Value Equity Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Conservative Allocation Fund</p></td></tr><tr><td
style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Emerging
Markets Debt Fund</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Emerging Markets Debt Local Currency Fund</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Emerging Markets Equity Fund</p></td></tr><tr><td style="vertical-align:top;
background-color:#FFFFFF;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS Global Opportunistic
Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Growth
Allocation Fund</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS International Diversification Fund</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS International Growth Fund </p></td></tr><tr><td style="vertical-align:top;
background-color:#FFFFFF;"><p style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">  MFS International </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Intrinsic</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
Value Fund</font></p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt;
text-decoration:none;">MFS International Large Cap Value Fund</p></td></tr><tr><td style="vertical-align:top;
background-color:#FFFFFF;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Managed Wealth Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Moderate Allocation Fund</p></td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">MFS SERIES TRUST XI</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Blended Research Core Equity Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Mid Cap Value Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST XII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Core Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2025 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2030 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2035 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2040 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2045 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2050 Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Lifetime 2055 Fund</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS Lifetime 2060 Fund</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS Lifetime 2065 Fund</p></td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">MFS SERIES TRUST XIII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal;
text-decoration:none;">MFS Diversified Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt;
font-weight:normal; text-decoration:none;">MFS Global Real Estate Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt;
font-weight:normal; text-decoration:none;">MFS Government Securities Fund</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt;
font-weight:normal; text-decoration:none;">MFS New Discovery Value Fund</p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS
SERIES TRUST XIV</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Institutional Money Market Portfolio</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS SERIES
TRUST XV</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
Commodity Strategy Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal;
text-decoration:none;">MFS Global Alternative Strategy Fund</p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS
SERIES TRUST XVI</p></td></tr></table>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">15</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="53%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; text-indent:4.5pt;
font-weight:normal; text-decoration:none;">MFS Prudent Investor Fund</p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS
SERIES TRUST XVII</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; text-indent:4.5pt; font-weight:normal; text-decoration:none;">MFS
International Equity Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">STAND-ALONE
FUNDS</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  Massachusetts
Investors Growth Stock Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 Massachusetts Investors Trust</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">CLOSED-END
FUNDS</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Charter
Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Government
Markets Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS High
Income Municipal Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS High
Yield Municipal Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Intermediate
High Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Intermediate
Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Investment
Grade Municipal Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Multimarket
Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Municipal
Income Trust</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS
Special Value Trust</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS MUNICIPAL
SERIES TRUST</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Alabama
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Arkansas
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS California
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Georgia
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Maryland
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Massachusetts
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Mississippi
Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Municipal
Income Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS
Municipal Intermediate Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS New York Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS North Carolina Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Pennsylvania Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS South Carolina Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Virginia Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS West Virginia Municipal Bond Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#ADADAD;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS ACTIVE
EXCHANGE TRADED FUNDS TRUST</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Blended Research Core Equity ETF</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">MFS
Blended Research International Equity ETF</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS Active
Core Plus Bond </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ETF</font></p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active Growth </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ETF</font></p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">MFS Active Mid Cap ETF</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS Active
Intermediate Muni Bond </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ETF</font></p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active International </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ETF</font></p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS
Active Value </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ETF</font></p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;">&#160;</td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">16</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="page-break-before:always;"></p>


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<table cellspacing="0" style="border-collapse:collapse" width="53%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; background-color:#C0C0C0;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">MFS VARIABLE INSURANCE TRUST</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Equity Series</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
margin-left:4.5pt; text-decoration:none;">MFS Growth Series</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Investors Trust Series</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Mid Cap Growth Series</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS New Discovery Series</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
margin-left:4.5pt; text-decoration:none;">MFS Research Series</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Total Return Bond Series</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Total Return Series</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Utilities Series</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Value Series</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; background-color:#B3B3B3;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS VARIABLE
INSURANCE TRUST II</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Blended Research Core Equity Portfolio</p></td></tr><tr><td style="vertical-align:top; background-color:#FFFFFF;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
margin-left:4.5pt; text-decoration:none;">MFS Core Equity Portfolio</p></td></tr><tr><td style="vertical-align:top;
background-color:#FFFFFF;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Corporate Bond Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Emerging Markets Equity
Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Global Governments Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Growth Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Research Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Global Tactical Allocation Portfolio</p></td></tr><tr style="font-size:1;"><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Government Securities Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS High Yield Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; margin-left:4.5pt; text-decoration:none;">MFS Income
Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS International Growth Portfolio </p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
 MFS International </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Intrinsic</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> Value Portfolio</font></p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Massachusetts Investors
Growth Stock Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS Research International Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Technology Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
margin-left:4.5pt; text-decoration:none;">MFS U.S. Government Money Market Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr style="font-size:1;"><td
style="vertical-align:top; background-color:#BFBFBF;"><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">MFS VARIABLE
INSURANCE TRUST III</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">  </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS
Blended Research Small Cap Equity Portfolio</font></p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Conservative Allocation Portfolio</p></td></tr><tr style="font-size:1;"><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; text-align:left; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">  </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS Global Real Estate Portfolio</font></p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">MFS Growth
Allocation Portfolio</font></p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">  MFS Inflation-Adjusted Bond Portfolio</p></td></tr><tr style="font-size:1;"><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">  MFS Limited Maturity Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Mid Cap Value Portfolio</p></td></tr><tr
style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">  MFS Moderate Allocation
Portfolio</p></td></tr><tr style="font-size:1;"><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">
 MFS New Discovery Value Portfolio</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">17</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="page-break-before:always;"></p>


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<p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">FIDELITY BOND CLAIM AGREEMENT</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:right; color:#000000; font-weight:bold; text-decoration:underline;">EXHIBIT
B</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">As of November 1, 2025</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">ICI
Mutual Insurance Company (ICI Mutual)</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; color:#000000; font-weight:normal; text-decoration:none;">Federal Insurance Company
(Chubb)</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt">&nbsp;</td><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt;
font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">18</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="page-break-before:always;"></p>


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<p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:423.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">PREMIUM</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">BILL</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:424.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Date:</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">13,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2024</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; text-indent:-50.4pt; font-weight:normal;
margin-left:68.4pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Insured:</font><font style="word-spacing:26.2pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">FINANCIAL</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">SERVICES</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">COMPANY</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">DBA
MFS INVESTMENT MANAGEMENT</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
text-indent:-54.9pt; font-weight:normal; margin-left:72.9pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Producer:</font><font
style="word-spacing:28.45pt;">&#160;</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">WILLIS</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">TOWERS</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">WATSON</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">NORTHEAST</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">INC
75 ARLINGTON ST FL 10</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:72.9pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">BOSTON,</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">MA</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">021163936</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Company:</font><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">THIS</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">BILLING</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">IS</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">TO</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">BE</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">ATTACHED</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">TO</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">AND</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">FORM</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">A</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">PART</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OF</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">THE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">POLICY</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">REFERENCED</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
BELOW.</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Policy</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Number:</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
 </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">J06054602</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Policy </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Period:</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">11-01-2024</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">11-01-</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">NOTE:</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">PLEASE</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">RETURN</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">THIS</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">BILL</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">WITH</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">REMITTANCE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">AND</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">NOTE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">HEREON</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">ANY</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">CHANGES.</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">BILL</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">WILL</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">BE
RECEIPTED AND RETURNED TO YOU PROMPTLY UPON REQUEST.</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">PLEASE</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">REMIT</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">TO</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">PRODUCER</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">INDICATED</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">ABOVE.</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">PLEASE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">REFER</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">TO</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">J06054602</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:42.71%;" >&nbsp;</td><td style="width:24.31%;" >&nbsp;</td><td
style="width:32.99%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:5.6pt; text-decoration:none;">Product</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:center; font-weight:bold; margin-left:0.45pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Effective</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Date</font></p></td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000;"><p style="font-size:10.0pt; font-family:Arial; text-align:right; font-weight:bold;
text-decoration:none;">Premium</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Financial</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Institution</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Investment
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Companies</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:center; font-weight:normal; margin-left:0.45pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000;"><p style="font-size:10.0pt; font-family:Arial; text-align:right; font-weight:normal;
text-decoration:none;">$66,000.00</p></td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.65%;"
>&nbsp;</td><td style="width:39.13%;" >&nbsp;</td><td style="width:25.22%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:bold; margin-left:5.15pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">TOTAL</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">POLICY
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">PREMIUM</font></p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:75.7pt;
text-decoration:none;">$66,000.00</p></td></tr></table><p style="font-size:12.0pt; font-family:Serif;
text-align:center; font-weight:normal; margin-left:3.55pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">WHEN</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">REMITTING</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">PLEASE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">INDICATE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">POLICY</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OR</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">CERTIFICATE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">NUMBER</font></p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:8.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Form</font><font style="font-size:8.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:8.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">26-10-0426
(Ed. </font><font style="font-size:8.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">2/98)</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">19</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td
style="width:50%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p style="font-size:10.0pt;
font-family:Aptos; text-align:left; color:#000000; font-weight:bold; margin-left:18.0pt; text-decoration:none;
font-style:italic;">DECLARATIONS</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000;
font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Name</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">MASSACHUSETTS</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">FINANCIAL</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">SERVICES</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">COMPANY</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">DBA
MFS INVESTMENT MANAGEMENT</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000;
font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Address of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">111</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">HUNTINGTON</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">AVE</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">FLR</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">31</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">BOSTON,
MA 02199</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Aptos; text-align:left;
color:#000000; font-weight:bold; margin-left:17.95pt; font-style:italic;"><font style="font-size:10.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">FEDERAL</font><font
style="font-size:10.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">INSURANCE</font><font
style="font-size:10.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">COMPANY</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Incorporated</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">under</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">laws</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Indiana,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">stock
insurance</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">&#160;</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">company,</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">herein</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">called</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">One</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">American</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Square</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">202</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">N</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Illinois</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Street,
Suite 2600</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Indianapolis,</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">IN</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">46282</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Number:</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">J06054602</font></p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Item</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Period:</font><font
style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">From:</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2024</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:135.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">To:</font><font style="word-spacing:12.0pt;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
2025</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:135.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">At</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">12:01</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">A.M.</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">local</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">time</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Address</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Item</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Single</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Limits</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Amounts:</font></p></td></tr></table><table
cellspacing="0" style="border-collapse:collapse" width="76%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td
style="width:49.97%;" >&nbsp;</td><td style="width:32.55%;" >&nbsp;</td><td style="width:17.48%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:9.0pt; font-family:Serif; text-align:center; font-weight:bold;
font-style:normal;"><font style="font-size:11.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Insuring</font><font style="font-size:11.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">&#160;</font><font style="font-size:11.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Clause</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:center; font-weight:bold; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Single</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss Limit </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
Liability</font></p></td><td style="vertical-align:top;"><p style="font-size:9.0pt; font-family:Serif;
text-align:center; font-weight:bold; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Deductible</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Amount</font></p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Employee</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$0</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">On </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Premises</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">3.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Transit</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">4.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Alteration</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">5.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Extended</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Forgery</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">6.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Counterfeit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">7.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Computer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">System</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Fraud</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">8.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Claims</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Expense</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$250,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">9.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">  </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Audit</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Expense</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$250,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:2.5pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">10.</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Uncollectible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Items</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deposit</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$250,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:20.45pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">11.</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Voice</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Initiated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Funds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Transfer
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Instruction</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:48.9pt; text-decoration:none;">$25,000,000</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:25.45pt; text-decoration:none;">$100,000</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">14-02-12160 (08/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">20</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:17.95pt; text-decoration:none;">IN
WITNESS WHEREOF, the Company has caused this Bond to be signed by its Authorized Officers, but it shall
not be valid unless also signed by a duly authorized representative of the Company.</p><p style="font-size:13.0pt;
font-family:Aptos; text-align:center; color:#000000; font-weight:bold; margin-left:0.05pt; text-decoration:none;">FEDERAL
INSURANCE COMPANY</p><p style="font-size:9.5pt; font-family:Serif; text-align:justify; font-weight:bold;
font-style:normal;"><img src="img_a47a637acfb34f1.jpg" ><img src="img_e2fcef4e60914f1.jpg" ><img src="img_cf41232926024f1.jpg"
><img src="img_6149999fe9634f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:center;
font-weight:normal; margin-left:11.05pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Secretary</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">President</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:97.9pt;
font-style:normal;"><img src="img_66a8bf5969f54f1.jpg" ><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">November</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">13,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> 2024</font></p><p style="font-size:4.0pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_cf41232926024f1.jpg"
><img src="img_6149999fe9634f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:center;
font-weight:normal; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Date</font><font style="word-spacing:12.0pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">14-02-12160 (08/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">21</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
font-style:normal;"><img src="img_4ac85f366bb54f1.jpg" ></p></td><td style="vertical-align:middle; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#000000;"><p style="font-size:14.0pt; font-family:Arial;
text-align:right; color:#000000; font-weight:bold; margin-left:0.7pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Important</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Notice</font></p></td></tr></table><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; margin-left:18.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">The</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">SEC</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Requires</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Proof</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">of</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Your</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Fidelity</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
Policy</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Your</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">company</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">now</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">required</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">file</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">electronic</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">copy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">fidelity</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">insurance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">coverage</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">(Chubb&#8217;s</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">ICAP</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond
policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June
12, </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2006.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Chubb</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">process</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">providing</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agent/broker</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">electronic</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">copy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">insurance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">well</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">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 style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">electronic</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">copy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">provided</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Chubb</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">solely</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">convenience</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">affect</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and
conditions</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">of</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">coverage</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">set</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">forth</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">paper</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">you</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">receive</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">mail.</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">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 style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">If</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">you</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">questions,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">please</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">contact</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agent</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">broker.</font></p>
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style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">14-02-12160 (08/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">22</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
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<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Notice</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">of</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss Control</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Services</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Insuring</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Company:</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Company</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">As a Chubb policyholder, you have loss prevention information
and/or services available to you, as listed in this Notice. You may order any brochure by email to </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">formsordering@chubb.com</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">and to view our full suite of loss prevention brochures/services go to </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">www.chubb.com/us/fl-lossprevention</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Directors</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">and</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Officers</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">(D&amp;O)</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Liability</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Services</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Directors</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Officers</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Manuals:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Directors</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Officers</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Liability</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Preventions</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#8211;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">#14-01-0035</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Directors and Officers Securities Litigation Loss Preventions
&#8211; #14-01-0448 Director Liability Loss Prevention in Mergers and Acquisitions &#8211; #14-01-1099 Directors</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">and</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Officers</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Prevention</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Not-for-Profit-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">-#14-01-0036 Cyber Loss
Mitigation for Directors -#14-01-1199</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:center;
color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Employment</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Practices</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Liability</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">(EPL)</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Prevention</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Services</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8226;</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Toll-free</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Hot</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Line</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Have
a question on how to handle an employment situation? Simply call </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">1.888.249.8425
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">to access the nationally known employment law firm of Jackson Lewis P.C. We offer
customers an unlimited number of calls to the hot line at no additional charge.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ChubbWorks.com</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:35.95pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">ChubbWorks.com is a web-based platform that offers multiple
services including overviews of employment laws, sample employment policies and procedures, and on-line
training. To gain immediate access to ChubbWorks go to </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:underline;">www.chubbworks.com</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">and register using your policy </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">number.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt; font-style:italic;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8226;</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Employment</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Practices</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Guidelines</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Manual</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000;
font-weight:normal; text-decoration:none;">Employment Practices</font><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:normal; text-decoration:none;">Loss
Prevention</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; color:#000000; font-weight:normal; text-decoration:none;">Guidelines</font><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:normal; text-decoration:none;">-
#14-01-0061</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#8226;</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Consultant</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Services</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Chubb</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">has</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">developed</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">network</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">more</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">than</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">120</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">law</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">firms,</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">human</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">resources</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">consulting</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">firms,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">and
labor economist/statistical firms that offer specialized services for employment issues.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:bold;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Public</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Company</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">EPL</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Customers</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:36.0pt;
text-decoration:none;">Employment Practices Loss Prevention Guidelines &#8211; Written by Seyfarth Shaw exclusively
for Chubb this manual provides an overview of key employment issues faced by for-profit companies and
offers proactive idea for avoiding employment lawsuits.</p><p style="font-size:12.0pt; font-family:Arial;
text-align:left; color:#000000; text-indent:-17.95pt; font-weight:bold; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#8226;</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Private</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">EPL</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Customers</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Employment
Practices Loss Prevention Guidelines &#8211; Written by Seyfarth Shaw exclusively for Chubb</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">manual</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">provides</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">overview</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">key</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">employment</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">issues</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">&#8211;profit</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">companies</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">offers proactive idea for avoiding employment lawsuits.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Fiduciary</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Liability</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Services</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
text-indent:-17.95pt; font-weight:bold; margin-left:46.75pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Fiduciary</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Liability</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Manual</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:46.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Who</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">May</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Sue</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">You</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Why:</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">How</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Reduce</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Your</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">ERISA</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Risks</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">and</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Role</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Fiduciary
Liability Insurance #14-01-1019</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:center;
color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Crime Loss Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Services</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
text-indent:-17.95pt; font-weight:bold; margin-left:46.75pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Crime/Kidnap,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Ransom</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">&amp;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Extortion</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Manual</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:46.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Preventing</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Fraud:</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">How Anonymous</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Hotlines Can Help #14-01-1090</font></p>
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style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">14-02-23030 (05/2018)</p></td><td style="vertical-align:top; border-top:0.5pt;
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style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
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<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Cyber</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Security</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Prevention</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Services</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
color:#000000; font-weight:normal; margin-left:46.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Visit:</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal;
text-decoration:underline;">https://www2.chubb.com/us-en/business-insurance/cyber-security.aspx</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">to</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">learn</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">more
about Chubb&#8217;s Cyber Services for our policyholders.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Health</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Care</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Directors</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Officers</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">(D&amp;O)</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Liability</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Prevention</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Services</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; text-indent:-17.95pt; font-weight:bold;
margin-left:46.75pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Readings</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Health</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Care</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Governance</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Manual</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:46.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Readings</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Health</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Care</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Governance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">-#14-01-0788</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left;
color:#000000; text-indent:-17.95pt; font-weight:bold; margin-left:46.75pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#8226;</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">ChubbWorks.com</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:46.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">ChubbWorks.com
for Health Care Organizations &#8211; The Health Care Zone is a free online resource containing health care
specific loss prevention information for employment practices liability, directors and officers (D&amp;O)
liability, and fiduciary liability exposures. To gain</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">immediate
access</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">ChubbWorks</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">go</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:underline;">www.chubbworks.com</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">and</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">register</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">using
your</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">policy </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">number.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:bold; margin-left:46.75pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">&#8226;</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Health</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Care</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">D&amp;O</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Prevention</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Consultant</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Services</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:46.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Health</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Care</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">D&amp;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">O</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Prevention</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Consultant</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Services-</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">#14-01-1164</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
font-weight:normal; font-style:normal;"><img src="img_8aa61eaae2bc4f1.jpg"></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:28.8pt; text-decoration:none;">The
services provided are advisory in nature. While this program is offered as a resource in developing or
maintaining a loss prevention program, you should consult competent legal counsel to design and implement
your own program. No liability is assumed by reason of the services, access or information provided.
All services are subject to change without notice.</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">14-02-23030 (05/2018)</p></td><td style="vertical-align:top; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif;
text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">24</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> of </font><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_e458dcefeee44f1.jpg"></p></td></tr></table><p
style="font-size:12.0pt; font-family:Georgia; text-align:center; color:#000000; font-weight:bold; margin-left:156.85pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Georgia; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Chubb</font><font style="font-size:12.0pt; font-family:Georgia;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Georgia; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Producer</font><font
style="font-size:12.0pt; font-family:Georgia; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Georgia; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Compensation Practices &amp; Policies</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Chubb believes that
policyholders should have access to information about Chubb's practices and policies related to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">compensation</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">brokers</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">independent</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agents.</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">You</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">can</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">obtain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">information</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">accessing
our website at</font><img src="img_65bfa2dc10a84f1.jpg"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">http://www.chubbproducercompensation.com</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
by calling the following toll-free telephone </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">number:</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">1-866-512-2862.</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">ALL-20887a (09/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">25</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Trade</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">or</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Economic
</font><br><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Sanctions Notice</font></p></td></tr><tr><td style="vertical-align:top; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table><p
style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">TRADE</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">OR</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ECONOMIC</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">SANCTIONS</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">NOTICE</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">This insurance does not apply to the extent
that trade or economic sanctions or other laws or regulations prohibit us from providing insurance, including,
but not limited to, the payment of claims.</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">All other terms and conditions of the policy
remain unchanged.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">ALL-21101 (09/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">26</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>


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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%">&nbsp;</td><td style="width:50%">&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg"></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:right; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; text-decoration:none;">IMPORTANT NOTICE TO POLICYHOLDERS</p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt">&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt">&nbsp;</td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
background-color:#000000; font-size:1pt;"><p style="font-size:18.0pt; font-family:Arial; text-align:center;
color:#FFFFFF; font-weight:bold; font-style:normal;"><font style="font-size:18.0pt; font-family:Arial;
font-style:normal; color:#FFFFFF; font-weight:bold; text-decoration:none;">Social Engineering Tips </font><br><font
style="font-size:18.0pt; font-family:Arial; font-style:normal; color:#FFFFFF; font-weight:bold; text-decoration:none;">Please
read!</font></p></td></tr></table><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#000000;
font-weight:bold; margin-left:27.1pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">HAVE</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">YOU</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">BEEN</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">TRICKED</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">INTO</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">WIRE</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">FRAUD?</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">TAKE</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">IMMEDIATE</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ACTION!</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If
you believe you have transferred funds to a criminal posing as a legitimate business associate, you should
act </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">quickly:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Immediately
contact the originating bank and </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">request a recall of the wire transfer </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and confirm that recall
in writing.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Immediately</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">file</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">complaint</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">FBI</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:underline;">www.ic3.gov</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">This</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">reporting</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">triggers</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">FBI&#8217;s</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Recovery</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Asset
Team and the FBI&#8217;s assistance seeking return of the wire transfer.</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">3.</font><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Preserve </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">records
of the incident</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">, including emails sent and received </font><font style="font-size:10.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">in their original electronic state</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
Correspondence and forensic information contained in these electronic files help investigators shed light
on the perpetrator(s), and parties responsible for the incident.</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:left; text-indent:-17.9pt; font-weight:normal; margin-left:35.9pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">4.</font><font
style="word-spacing:9.95pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Once</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">steps</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">complete,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">contact</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Chubb</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">per</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">instructions</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:17.95pt; text-decoration:none;">While neither recalling the wire transfer nor reporting to
the FBI guarantees the return of your funds, these steps maximize the opportunity to mitigate your loss,
assist the FBI in tracing the funds and help establish any insurance claim.</p><p style="font-size:10.0pt;
font-family:Serif; text-align:justify; color:#000000; font-weight:bold; margin-left:18.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:underline;">Simple
Steps to</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:underline;"> </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:underline;">Prevent Fraudulently</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:underline;"> </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:underline;">Induced
Wire</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:underline;"> </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:underline;">Transfers</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Email
communication is efficient, but it is not a secure method of communication. Regardless of your familiarity
with a contact, that contact&#8217;s </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">email may be intercepted, altered and fabricated</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
You may reduce the chances of fraud by following these best practices:</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">1.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Verify Email Requests by Telephone</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">: Require those responsible
for paying invoices or changing bank routing information to verify payment details over the phone, rather
than by email or documents sent electronically. Making a phone call to a known, pre-existing telephone
number remains the single best protection against fraud.</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Segregate Wire</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Transfer</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Responsibilities</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">:</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Establish</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">standing</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">requires</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">least</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">three</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">people
to review and approve wire transfer requests, pay an invoice or change a business partner&#8217;s bank account
information. Such requests should be entered by the initiator of the wire and verified by two independent
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">signatories.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Turn
on MFA for Cloud Email</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">: Multifactor Authentication is available from all major email providers. It provides
a layer of security to email accounts beyond a user&#8217;s account name and password, making it harder for
criminals to impersonate you, your executives and your employees.</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:justify; color:#000000; font-weight:normal; margin-left:18.0pt; text-decoration:none;
font-style:italic;">This document is for information only. It is offered as a resource to be used together
with your professional insurance advisers in maintaining a loss prevention program. No liability is assumed
by reason of the information this document contains.</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">ALL-317454 (03/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">27</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>


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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.27%;" >&nbsp;</td><td style="width:50.73%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:16.0pt; font-family:Arial; text-align:right; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; text-decoration:none;">U.S. Treasury Department&#8217;s
Office Of Foreign Assets Control (&#8220;OFAC&#8221;) Advisory Notice to Policyholders</p></td></tr><tr><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr></table><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:9.35pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">This Policyholder Notice shall not be construed as part of your policy and no
coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of
your policy. You should read your policy</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">and</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">review</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">your</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Declarations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">page</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">complete</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">information</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">coverages</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">you</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">provided.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; color:#000000; font-weight:bold; margin-left:9.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">This Notice provides information concerning possible impact
on your insurance coverage due to directives issued by OFAC. </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Please read this Notice carefully.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:9.35pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">The</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Office</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Foreign</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Assets</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Control</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">(OFAC)</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">administers</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">enforces</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">sanctions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">based</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">on
Presidential</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">declarations</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">"national</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">emergency".</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OFAC</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">has</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">identified</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">listed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">numerous:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-11.95pt; font-weight:normal;
margin-left:57.3pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Wingdings; font-style:normal;
font-weight:normal; text-decoration:none;">&#61548;</font><font style="word-spacing:6.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Foreign</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agents;</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-11.95pt; font-weight:normal;
margin-left:57.3pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Wingdings; font-style:normal;
font-weight:normal; text-decoration:none;">&#61548;</font><font style="word-spacing:6.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Front</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">organizations;</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-11.95pt; font-weight:normal;
margin-left:57.3pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Wingdings; font-style:normal;
font-weight:normal; text-decoration:none;">&#61548;</font><font style="word-spacing:6.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Terrorists;</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-11.95pt; font-weight:normal;
margin-left:57.3pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Wingdings; font-style:normal;
font-weight:normal; text-decoration:none;">&#61548;</font><font style="word-spacing:6.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Terrorist</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">organizations;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-11.95pt; font-weight:normal;
margin-left:57.3pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Wingdings; font-style:normal;
font-weight:normal; text-decoration:none;">&#61548;</font><font style="word-spacing:6.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Narcotics</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">traffickers;</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:9.35pt; text-decoration:none;">as "Specially Designated Nationals and Blocked Persons". This
list can be located on the United States Treasury's web site &#8211; http//www.treas.gov/ofac.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:9.35pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">accordance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OFAC</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">regulations,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">if</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">determined</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">you</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">insured,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
entity claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially Designated
National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen
contract</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">and</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">all</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">provisions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">insurance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">immediately</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">subject</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OFAC.</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">When</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">insurance</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy
is</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">blocked</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">frozen</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">contract,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payments</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">refunds</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">may</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made
without</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">authorization</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">from</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">OFAC.</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premiums</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payments</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">also</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">apply.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-17914a (04/16)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">28</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

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<p style="page-break-before:always;"></p>


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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:right; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; text-decoration:none;">Notice to Policyholders</p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">QUESTIONS
ABOUT YOUR INSURANCE?</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">Answers to questions about your insurance, coverage
information, or assistance in resolving complaints can be obtained by contacting:</p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; margin-left:184.5pt;
text-decoration:none;">CHUBB</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:bold; margin-left:184.5pt; text-decoration:none;">Customer Support Service
Department 436 Walnut Street</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
color:#000000; font-weight:bold; margin-left:184.5pt; text-decoration:none;">PO Box 1000</p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:left; color:#000000; font-weight:bold; margin-left:184.5pt;
text-decoration:none;">Philadelphia, PA 19106-3703</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:left; color:#000000; font-weight:bold; margin-left:184.5pt; text-decoration:none;">1-800-352-4462</p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-17993a (04/20)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">29</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The Company, in consideration of the premium paid, and in reliance on the Application
and all other statements made</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">and</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">furnished</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">subject</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Declarations</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">part</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this
Bond and to all other terms, conditions, and limitations of this Bond, agrees to pay the </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for:</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_820eef76691a4f1.jpg"
></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt;
font-weight:bold; margin-left:53.95pt; font-style:italic;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">I.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">INSURING</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">CLAUSES</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Employee</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Loss resulting directly from </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Larceny
or Embezzlement </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">committed by any </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Employee </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">acting
alone or in collusion with others.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">On
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Premises</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Loss of</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">resulting directly</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">from:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">robbery,</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">burglary,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">misplacement,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mysterious</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unexplainable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">disappearance,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damage</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">destruction;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">false
pretenses, or common law or statutory larceny, committed by a natural person while on the premises of
the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">while</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">lodged</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deposited</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">located</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">anywhere.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">For the purpose of coverage under this Insuring Clause 2, the premises of securities
depositories shall be deemed to be premises of the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">, but only with respect
to the loss of </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Certificated Securities</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">. </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Certificated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">held</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">depositories</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deemed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extent
of the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">interest therein as detailed in the books and records of such
depositories.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt;
font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">In
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Transit</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss of </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Property </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">resulting directly from common law or statutory
larceny, misplacement, mysterious unexplainable disappearance, damage or destruction, while the </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is
in transit anywhere in:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">armored</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">motor</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">vehicle,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">including</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loading</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unloading</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">thereof;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">custody</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">natural</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">messenger</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
custody of a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Transportation Company </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">and being transported in a conveyance other
than an armored motor vehicle, provided that covered </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transported in such
manner is limited to the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">following:</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Written</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">records;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:90.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Certificated Securities </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issued in registered
form, which are not endorsed or are restrictively</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">endorsed; or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Negotiable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Instruments</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bearer,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">endorsed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">restrictively
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">endorsed.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Coverage</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">under</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">3</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">begins</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">immediately</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receipt</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">armored
motor vehicle, natural person messenger, or </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Transportation Company </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and ends immediately
on delivery to the premises of the addressee or to any representative of the addressee located anywhere.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">4.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Alteration</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">good</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
faith:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transferred,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">paid,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">30</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">b.</font><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">established</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value,
in reliance on any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Written </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">and </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Original</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Negotiable</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Instrument</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(other</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Evidence</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Debt</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">);</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Acceptance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Withdrawal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Order</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receipt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">withdrawal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(4)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Certificate</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
Deposit</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(5)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Letter</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(6)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">instruction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">advice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purportedly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any
financial institution, or any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Employee</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">, </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:108.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">bears</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:107.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">ii.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fraudulently</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">materially</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">altered.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">For</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purpose</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">4,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reproduction</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">handwritten</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">same</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as
the handwritten signature. An electronic or digital signature is not treated as a reproduction of a handwritten
signature.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">5.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Extended</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Forgery</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">good</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">faith,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">its</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">own</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">account</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">account</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">others:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:bold; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acquired,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sold</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivered,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extended</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">assumed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reliance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Written</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">and</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Original</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Certificated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Security</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:90.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">deed, mortgage or other instrument conveying title to, or
creating or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">discharging a lien on, real</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">property;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Evidence</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">of Debt</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(4)</font><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Instruction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,
which</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:108.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bears</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extent</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">causes</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">ii.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is
fraudulently materially altered, but only to the extent</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the alteration directly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">causes
the</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss;
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:107.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">iii.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">lost</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
stolen;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">guaranteed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">writing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">witnessed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:center; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">assignment;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:center; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bill</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sale;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(4)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">power</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">attorney;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(5)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">endorsement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">upon</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">item</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">listed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a.(1)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">through</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a.(4)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">above,
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extent</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">guarantee</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">causes</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acquired,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sold</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivered,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extended</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">assumed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reliance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">item
listed</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">in</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a.(1)</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a.(2)</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Counterfeit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Original</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extent</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Counterfeit
Original </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">directly causes the loss.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Actual physical possession,
and continued actual physical possession if taken as collateral, of the items listed in a.(1) through
a.(4) above by an </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Employee</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">, </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Custodian</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">, or a federal or state
chartered deposit institution of the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">is a condition precedent to the </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having
relied on such items. Release or</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">return</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collateral</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acknowledgment</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">longer</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">relies</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collateral.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">31</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">For</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purpose</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">5,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reproduction</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of
a</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">handwritten</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">same</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as
the handwritten signature. An electronic or digital signature is not treated as a reproduction of a handwritten
signature.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt;
font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">6.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Counterfeit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receipt</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">good</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">faith</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">counterfeit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">7.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Computer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">System</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Fraud</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">withdrawal,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">b.</font><font style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">creation,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deletion,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">debiting,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">crediting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">account</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,
which results directly from a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Network Intrusion</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">8.</font><font
style="word-spacing:9.95pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Claims</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Expense</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Claims Expenses </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">incurred by the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in determining the amount
of covered loss under this Bond in excess of the applicable Deductible Amount.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">9.</font><font
style="word-spacing:9.95pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Audit</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Expense</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Audit Expenses </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">incurred by the </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">by reason of the discovery of loss covered under Insuring Clause 1.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">10.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Uncollectible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Items</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deposit</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss resulting directly from the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having credited an account
of a customer, shareholder, or subscriber</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">on</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">faith</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Items</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Deposit</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prove</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">uncollectible,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">provided</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">crediting
of such account causes:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">redemptions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">withdrawals</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">permitted;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shares</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issued;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dividends</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
paid,</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">from</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">account</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">As a condition precedent
to coverage under this Insuring Clause 10, the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">must hold </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Items
of Deposit</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">for</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">minimum</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">number</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">days</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">stated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Application</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">before</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">permitting</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">redemptions</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
withdrawals, issuing any shares, or paying any dividends with respect to such </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Items of Deposit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Items of Deposit </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">shall not be deemed uncollectible
until the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">standard collection procedures
have failed.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt;
font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">11.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Voice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Initiated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Funds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Transfer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Instruction</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Loss resulting directly from the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">having, in good faith, transferred, paid, or delivered </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Money </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Securities </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">in reliance upon any </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Voice Initiated
Funds Transfer Instruction </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">that purports, and reasonably appears, to have
originated from:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">instructions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">financial</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">institution</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">behalf</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authority</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">make</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
instructions,</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">but which </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Voice Initiated
Funds Transfer Instruction </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">was, in fact, fraudulently issued without the
knowledge of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">, </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">,
or </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Customer</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">As</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">condition</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">precedent</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">coverage</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Voice</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Initiated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Funds</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Transfer
Instruction</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">must</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">received</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">processed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accordance</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Designated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Procedures</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">outlined</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
the Application furnished to the Company.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
font-weight:normal; font-style:normal;"><img src="img_820eef76691a4f1.jpg" ></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">32</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt;
font-weight:bold; margin-left:53.95pt; font-style:italic;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">II.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">GENERAL</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">AGREEMENTS</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Automatic</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Increase</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">If, during the Bond Period, an increase in the minimum amount of the Single Loss
Limit Of Liability applicable</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause
1 is</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">required
pursuant</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">to</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Rule</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">17g-1</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Investment Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Act
of</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1940,
as a result of:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">creation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">new</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">increase</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">gross</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">assets</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Companies</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
text-decoration:none;">then the minimum required increase in the amount of the Single Loss Limit Of Liability
applicable to Insuring Clause 1 shall take place automatically for the remainder of the Bond Period without
payment of an additional premium.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Joint</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The first named </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">shall be deemed to be the sole agent of
the other </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assureds </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">for all purposes under this Bond, including but not limited
to the giving or receiving of any notice or proof required to be given and for the purpose of effecting
or accepting any amendments to or termination of this Bond.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If the first named </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ceases
for any reason to be covered under this Bond, then the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">next named on the Application
shall thereafter be considered as the first named </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for the purposes of
this Bond.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">The Company shall furnish each </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with a copy of the Bond
and with any amendment thereto, together with a copy of each formal filing of claim by any other </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and
notification of the terms of the settlement of each such claim prior to the execution of such settlement.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Knowledge possessed or discovery made</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by any </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
constitute knowledge possessed</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">or discovery </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">made by all of the </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assureds
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for
the purposes of this Bond.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">All loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and other</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payments,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">if</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any,
payable</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">by the Company, shall</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be payable to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
first named </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">without regard to such </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">obligations</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
others,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">and the Company shall</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be responsible</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
application by</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">the first named </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment made</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
Company.</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">If</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the Company agrees</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to and makes payment
to any </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">other than the first named </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">, such payment shall
be treated as though made to the first named </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sustained</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">advantage</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Notice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Legal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Proceedings</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Against</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Election</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Defend</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">promptly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">give</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notice</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">legal</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">proceeding</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">brought</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">determine</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liability
for any loss, claim or damage which, if established, would constitute a collectible loss under this Bond.
Concurrent with such notice, and as requested thereafter, the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall furnish copies
of all pleadings and pertinent papers to the Company.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">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 </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">through attorneys selected by the Company.
The </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
provide all reasonable information and assistance as required by the Company for such defense.</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">33</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">If the Company elects to defend all or part of any legal proceeding, the court
costs and attorneys&#8217; fees incurred by the Company and any settlement or judgment on that part defended
by the Company shall be a loss under the applicable Insuring Clause of this Bond. In addition, if the
amount demanded in the legal proceeding</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">greater</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">recoverable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">if</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable,
or</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">both,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
Company&#8217;s</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">liability for</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">court</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs and attorneys&#8217;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fees
incurred in defending all or</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">part of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such legal</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">proceeding</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">limited</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">proportion</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">court</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">attorneys&#8217;</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fees</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">incurred</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount
recoverable under this Bond bears to the total of the amount demanded in such legal proceeding.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">If the Company declines to defend the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">, no settlement without
the prior written consent of the Company or judgment against the </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall determine the
existence, extent or amount of coverage under this Bond, and the Company shall not be liable for any
costs, fees and expenses incurred by the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">4.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Representations</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Made</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">By</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">represents</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">has</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">furnished</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Application</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">otherwise
is complete, true and correct. Such Application and other information constitute part of this Bond. Any
intentional misrepresentation, omission, concealment or incorrect statement of a material fact, in the
Application or otherwise, shall be grounds for rescission of this Bond.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_820eef76691a4f1.jpg"
></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt;
font-weight:bold; margin-left:53.95pt; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">III.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">DEFINITIONS</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">As</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">used</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond:</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Acceptance</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">draft</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">drawee</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">has,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">engaged</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">honor</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">presented.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">listed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Name</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Declarations</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8220;first</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#8221;);</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">listed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Application.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">does
not</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">include any</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">entity</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">organization</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">that</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">an</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Network
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Computer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">System</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Electronic</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Communication</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">System</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Audit</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Expenses</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means reasonable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">expenses
incurred by the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">with the Company&#8217;s</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written consent, which
shall not be unreasonably withheld, for audits or examinations required by any governmental regulatory
authority or self-regulatory organization to be conducted by such authority, organization,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">their</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">appointee.</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Audit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Expense</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">include</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">internal</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">corporate</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs
(such as salaries), attorneys&#8217; fees, or expenses incurred by any customer.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Certificate</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">of</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Deposit</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">an</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">acknowledgment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">in</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">writing</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">a</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">financial</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">institution</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">of</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">receipt</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Money</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">with</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">engagement</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">repay</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it.</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">34</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Certificated Security </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means a share, participation or other interest
in property of the issuer, or an enterprise of the issuer, or an obligation of the issuer, which is:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">represented</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">instrument</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issued</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bearer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">registered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">form;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commonly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dealt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exchanges</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">markets</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commonly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">recognized</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">area</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
which it is issued or dealt in as a medium for investment; and</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">either one of a class or series or by its terms divisible
into a class or series of shares, participations,</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">interests or obligations.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Claims</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Expenses</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reasonable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">expenses</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">incurred</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written
consent,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">which</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">shall not be</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unreasonably</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">withheld,
solely for</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">independent firms or</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">individuals</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">retained</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
determine the amount of a covered loss. </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Claims Expenses </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">shall not include the </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">internal
corporate costs (such as salaries), attorneys&#8217; fees, or expenses incurred by any customer.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Computer System</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">means</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">device</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">group</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">devices</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and
all</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">input,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">output,
processing,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">storage, off-line media libraries (including third-party hosted computing services
accessed across the internet, including infrastructure, platform, and software services), and communication
facilities, including related communications networks, which are connected directly or indirectly to
such device or group of devices.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
font-weight:bold; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Counterfeit Original </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means an imitation of
an actual valid Original which is intended to deceive and be taken as the Original.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Cryptocurrency</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">digital</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">electronic</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">medium</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exchange,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">operating</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">independently</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a
central bank,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">in</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">encryption</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">techniques</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">are</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">used</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">regulate</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">generation</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">units</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">verify</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer
of such units.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Custodian </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means the institution designated by an
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
maintain possession and control of its </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">assets.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means any shareholder of an </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">which
has a written agreement with the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">to transfer
such shareholder&#8217;s </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Securities
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">through a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Voice Initiated Funds Transfer </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Instruction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Customer</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Communication</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">System</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:bold;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">online</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">portal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mobile</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">application</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">provided</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purposes</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accessing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer&#8217;s</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">account;</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">electronic</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mailing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">system</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">hosted</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">third</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">party</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cloud</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">service</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
provider.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Director</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">natural</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">duly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">elected</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">appointed:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">officer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">board</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directors;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">trustee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Electronic</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Communication</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">System</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">(1)</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Fedwire, Clearing House
Interbank Payment System (CHIPS), Society for Worldwide Interbank Financial Telecommunication (SWIFT),
and similar automated interbank communication systems in which the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">participates;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Communication</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">System</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">communication</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">system</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">similar</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">those</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">set</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">forth</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">definition</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">participates, </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">allowing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">for</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">input,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">output,</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">examination,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">transfer</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">electronic</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">instructions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">into</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Assured&#8217;s Computer System</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:bold; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Employee</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">any</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">natural</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">person:</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">35</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while
in the regular service of an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">in the ordinary course of such </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">business,
whom such </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">compensates directly by salary or wage and has the right to
control and direct in the performance of such service;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Director </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">while in the regular service of an </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
the ordinary course of such </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">business,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while acting as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">member</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">committee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">duly
elected or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">appointed to</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">examine or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">audit or have custody
of or access to </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Property </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">of the </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">intern</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">regular</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">service</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ordinary</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">course</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">business;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(4)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">provided
by an employment contractor while in the regular service of an </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in the ordinary course
of such </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">business under the </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">supervision at any of
the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(5)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">contracted:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">advisor;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">underwriter</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(distributor);</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">agent;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shareholder</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accounting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">record-keeper;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">e.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fund</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">administrator,</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">while</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">performing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">acts</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">for</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the
capacity of</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(6)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">attorney</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">law</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">firm</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">retained</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">performing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">legal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">services</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:71.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(7)</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Processor</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Processor</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">performing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">services</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">creating,
preparing, modifying, or maintaining the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">computer applications or software programs;
or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">agent</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">agency</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">capacity</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issuing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">checks,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">drafts,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for
the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Each employer of persons as set forth in (6) and (7) of this definition and the
partners, officers, and other employees</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employers</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collectively</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deemed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purpose</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">definition
of </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">and in the event of payment under this Bond, the Company shall be subrogated to
the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rights
of recovery, as stated in Section 12., Subrogation &#8211; Assignment &#8211; Recovery, of the Conditions and
Limitations, against any such employer.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">does not</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">include:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">any</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fund</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">administrator</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">benefit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">plan;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any
employee of a transfer agent, shareholder accounting record-keeper, or fund administrator which </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8220;affiliated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person&#8221;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">defined</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2(a)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Act</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1940)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">advisor</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">underwriter</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(distributor)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8220;bank&#8221;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">defined</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2(a)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Act</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1940).</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Evidence</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Debt</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">instrument,</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">including</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Negotiable</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Instrument</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">executed</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">by</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Customer </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">and</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">held</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">by</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">which</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">regular</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">course</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">business</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">as</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">evidencing</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Customer&#8217;s </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">debt to the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Forgery </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">(1)</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">affixing the handwritten
signature, or a reproduction of the handwritten signature, of another natural person without authorization
and with the intent to deceive; or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">affixing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">name</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">organization</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">endorsement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">check</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">without</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authority</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">intent
to deceive,</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">provided</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">consists</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whole</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">part</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">own</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">name</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">without</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">authority,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">capacity,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purpose</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Initial</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Transaction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Statement</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">first</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">written</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">statement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">signed</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">by</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or
on</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">behalf</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">issuer</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">of
an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Uncertificated Security </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">sent to the registered owner
or registered pledgee containing:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">description</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issue</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Uncertificated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">part;</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">36</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
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<p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">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;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the name, address and taxpayer identification number, if any,
of the registered owner and registered pledgee; and</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(4)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">date</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">pledge</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">release</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">was</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">registered.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Instruction </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means a written order to
the issuer of an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Uncertificated Security </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">requesting
that the transfer, pledge or release from pledge of the specified </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Uncertificated
Security </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">be registered.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Company</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">entity registered under</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">Investment Company Act of</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">1940.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Items of Deposit </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">means one or more checks or drafts drawn upon a financial
institution in the United States of America.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Larceny or Embezzlement
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means
larceny and embezzlement as defined under Section 37 of the Investment Company Act of 1940.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Letter of Credit </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">means an engagement in writing by a bank or other person made
at the request of a customer</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">that</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bank</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">will</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">honor</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">drafts</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">demands</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">compliance</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with
the conditions specified in the engagement.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means a medium of exchange
in current use authorized or adopted by a domestic or foreign government as part of its currency.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Negotiable</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Instrument</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">writing:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">signed</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">maker</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> drawer;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">containing
an unconditional promise or order to pay a sum certain in </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Money </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and no other promise,
order, obligation or power given by the maker or drawer;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">payable</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">demand</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">definite</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">time;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(4)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">order</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
bearer.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Negotiable Instrument</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">includes
a substitute check</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">as defined</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">the Check Clearing</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">for</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">21</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">st</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Century
Act, and shall be treated the same as the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Original </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">it replaced.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Network</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Intrusion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">the:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">unauthorized</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">access;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entry</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unauthorized</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">application</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">software</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">program,</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">into the </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured&#8217;s Network</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">,
by any entity or natural person, except an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Employee </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or any
authorized representative of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Original </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">means the first rendering or archetype and does not include
photocopies or electronic transmissions even if received and printed.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Processor</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employee</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entity</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authorized</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">perform</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">data</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">processing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">checks
and accounting records related to such checks. </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Processor </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">does not include any
employee of a Federal Reserve Bank or clearing house.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Property
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Money</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">; </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Initial Transaction Statement</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">; </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Negotiable
Instrument</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">; </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Certificate of Deposit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Acceptance</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">; </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Evidence of Debt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Withdrawal Order</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">; </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Letter of Credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">;
insurance policy; abstract of title, deed and mortgage on real estate; revenue and other stamps; precious
metals in any form; and books of accounts and other </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Written </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">records,
but not electronic data processing records or media.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">does</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">include
electronic</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">data</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Cryptocurrency</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">either</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Certificated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Securities</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Uncertificated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Securities</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">. </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Single Loss </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">means
all covered loss, court costs, and attorneys&#8217; fees resulting from:</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">37</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">act</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">burglary,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">robbery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">attempt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">either,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
implicated;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">act</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">series</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">related</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acts</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">part</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">natural</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damage,
destruction, or misplacement of </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Property</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">all acts other than those specified in (1) and (2) of this
definition, caused by any natural person or in which such natural person is implicated; or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(4)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">event</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">specified</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(1),</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">definition.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Transportation Company </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means any organization which provides its
own or its leased vehicles for transportation or which provides freight forwarding or air express services.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Uncertificated Security </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">means a share, participation or other interest
in property of the issuer, or an enterprise of the issuer, or an obligation of the issuer, which is:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not
represented by an instrument and the transfer</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">registered on books</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">maintained</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that
purpose by or on behalf of the issuer;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commonly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dealt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exchanges</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">markets;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">either
one of a class or series or by its terms divisible into a class or series of shares, participations,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">interests
or obligations.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; color:#000000;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Voice Initiated Funds Transfer
Instruction </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">means those oral instructions which authorize the transfer
of </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Money </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">in a </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Customer&#8217;s
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">account, or of a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Customer&#8217;s Securities</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">, and
which are:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">over</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">telecommunications</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">device;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
and</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">those</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">natural</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">persons</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">specifically</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authorized</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receive</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">instructions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such
telecommunications device.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
color:#000000; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Withdrawal
Order </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">means a non-negotiable instrument, other than an </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Instruction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">,
signed by a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Customer </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">authorizing the </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">to debit the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Customer&#8217;s </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">account
in the amount of funds stated </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">therein.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Written</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">means</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">expressed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">through</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">letters</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">marks</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">placed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">upon</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">paper</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">visible</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
eye.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; text-decoration:none;">For the purposes of these definitions, the singular includes
the plural and the plural includes the singular, unless otherwise indicated.</p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_820eef76691a4f1.jpg"
></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt;
font-weight:bold; margin-left:53.95pt; font-style:italic;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">IV.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">EXCLUSIONS</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">1.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">General</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clauses</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cover</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indirectly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">riot
or civil commotion outside the United States of America and Canada, or any loss due to military, naval</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">usurped</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">power,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">war</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">insurrection.</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">This</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1.a.,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">however,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">apply</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which
occurs</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">in</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">transit</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">circumstances</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">recited</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">3,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">provided</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">when</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">was
initiated there was no knowledge on the part of any person acting for the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of such riot, civil
commotion, military, naval or usurped power, war or insurrection;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">effects</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">nuclear</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fission</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fusion,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">radioactivity,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">chemical</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">biological</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
contamination;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
loss of potential income. This Exclusion 1.c., however, shall not apply to interest and dividends accrued
to the benefit of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">or any </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Customer </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior to the discovery
of a covered loss, whether</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accrued</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">interest</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dividends</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">paid</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">into</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">account</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as
of the discovery of such covered loss;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damages
of any type for which the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">is legally liable, except compensatory
damages, but not multiples thereof, arising from a loss covered under this Bond;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">e.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">all</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fees</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">expenses</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">incurred</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
establishing the existence of or amount of loss covered under</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this Bond, except for
loss covered under Insuring Clause 8 or 9; or</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:90.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">as a party to any legal proceeding, even if such legal proceeding
results in a loss covered by this</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Bond;</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">38</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
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<p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">f.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indirect</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">consequential
loss</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">nature,
except for</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">loss</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under Insuring Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">8
or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">9.
This Exclusion</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">1.f.,</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">however,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">apply</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">interest</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dividends</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accrued</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">benefit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior
to the discovery of a covered loss, whether or not such accrued interest or dividends have been paid
into the account of such </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">or </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as
of the discovery of such covered loss;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">g.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">violation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">law</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
regulating:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:108.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issuance,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purchase</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sale</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">securities;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:107.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">ii.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transactions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commodity</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exchanges</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">over</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">counter</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">market;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:107.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">iii.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">companies;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:107.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">iv.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">advisors;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rule</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">regulation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">pursuant</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">law;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">h.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">disclosure</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">confidential</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">material</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">data,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">care,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">custody</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">control
of</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">including</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">limited</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">patents,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">trade</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">secrets,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">processing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">methods,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">lists,
financial information, credit card information, health information, retirement or health savings account</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">similar</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">non-public</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information.</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">This</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1.h.,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">however,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
not apply when such information, material or data is used to support or facilitate the commission of
any act otherwise covered under this Bond;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fees,
costs, fines, penalties or any other expenses incurred by an </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which result, directly
or indirectly,</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">from</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">access</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">disclosure</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">another</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entity&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">confidential
or personal information, including but not limited to patents, trade secrets, processing methods, customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">lists,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">financial</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">credit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">card</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">health</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">retirement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">health
savings account information, or any similar type of non-public information;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">j.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">liability</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">disclosure</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">material</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">nonpublic</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">information;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">k.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">assumed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">agreement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">contract,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unless</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">would
be covered in the absence of such agreement;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">l.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dishonest</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acts</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Director</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">who</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">alone</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collusion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
others;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">m.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">modification,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damage,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">destruction,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deletion,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">corruption</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">application</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">software</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">program
within the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s Network</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">, except for loss covered under Insuring Clause 7;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">n.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">threat</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">series</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">threats</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">gain
access to the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s Computer System </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">and sell or disclose confidential information</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">stored
within the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s Computer System</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">; or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">modify,</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damage,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">destroy,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delete,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">corrupt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">application</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">software</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">program</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">within</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:90.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Computer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">System</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">o.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">costs or expenses of any independent forensic analysts or
network security consultants engaged to investigate or assess any actual or alleged threat;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">p.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs
or expenses incurred to identify or remediate application or software program errors or vulnerabilities,
or costs to update, replace, restore, upgrade, maintain, or improve a </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Computer </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">System</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">q.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">costs
or expenses incurred to replace, restore, recreate, collect, or recover any application or software program;
or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-18.0pt;
font-weight:normal; margin-left:108.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">r.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Cryptocurrency</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Specific</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clauses</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Except</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1
This Bond does not cover loss resulting directly or indirectly from:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acts</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">except</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
under:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">3</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">results</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">misplacement,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mysterious</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unexplainable
disappearance, or damage or destruction of </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Property</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">; or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Insuring</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11;</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">39</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
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<p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
surrender of a ransom or extortion payment away from the </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises as a result
of a threat</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">to</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">do</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bodily</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">harm</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">do</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damage</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,
except for loss covered under Insuring Clause 3.b.;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">payments made or withdrawals from any account involving erroneous
credits to such account, unless such payments or withdrawals are physically received by such depositor
or representative of such depositor who is within the premises of the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at the time of such
payment or withdrawal;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Uncertificated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">except</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">7;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">e.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">while:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mail;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
the custody of a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Transportation Company</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">, except for loss covered under Insuring
Clause 3; </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">located</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">armored</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">motor</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">vehicle</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">operator;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">f.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">damages
resulting from any civil, criminal or other legal proceeding in which the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is adjudicated to have
engaged in </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Racketeering </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">activity;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">g.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the failure for any reason of a financial or depository institution,
its receiver or other liquidator to pay or deliver funds or </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to the </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured,
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">except
for loss of </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Securities </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">covered under Insuring Clause 2;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">h.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">instructions issued
by a </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">when
such instructions are made, sent, or originated by a natural person authorized by the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
make, send, or originate any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">instructions;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the use of credit, debit, charge, access, convenience, identification,
cash management, or other cards whether</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cards</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">were</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issued,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purport</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issued,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entity</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other
than the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">j.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Items of Deposit</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">are not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">finally</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">paid
for</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reason</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">including,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but
not</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">limited</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to,
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
any other fraud, except for loss covered under Insuring Clause 10;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">k.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the acts of any agent,
broker, factor, commission merchant, independent contractor, intermediary, finder, or other representative
of the same general character of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">; or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">l.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the acts of any employee,
agent, broker, factor, commission merchant, independent contractor, intermediary, finder, or other representative
of the same general character of any third party, while conducting business with the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on behalf of such third
party.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Specific</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clauses</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Except</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clauses</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">4,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">5
This Bond does not cover loss resulting directly or indirectly from:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">complete</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">partial</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">non-payment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">default</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loan</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whether</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loan</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">was</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">procured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">good
faith or through trick, artifice, fraud, or false pretenses, except for loss covered under Insuring Clause
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">7;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Forgery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">alteration,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">except</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">7;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">counterfeit,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">except</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">6.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">4.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Specific</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">7</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cover</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indirectly</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authorized</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">arising</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">out</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">misrepresentation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">received</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">agent,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">broker,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">factor,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commission
merchant, independent contractor, intermediary, finder, or other representative of the same general character
of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">,</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whether</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">transfer,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">delivery</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">was</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">good</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">faith</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">result</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">trick,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">artifice,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fraud,
or false pretenses;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">forged,
altered or fraudulent </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Negotiable Instruments</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">, </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,
documents or written instruments used as source documentation for input into a </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Computer System</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">investment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ownership</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">corporation,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">partnership,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">real</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">property,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">commodity
or similar instrument, whether or not such investment is genuine or fraudulent;</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">40</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mechanical
failure, faulty construction, error in design, latent defect, wear and tear, gradual deterioration,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">electrical</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">disturbance,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Network</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">failure</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">breakdown,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">malfunction
or error in programming, or error or omission in processing;</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">e.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">entries or changes made by a natural person with authorized
access to the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured&#8217;s Network </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">who acts in good faith on instructions, unless such instructions
are given to that person by a software contractor or its partner, officer, or employee authorized to
design, develop, prepare, supply, service, write or implement programs for the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s Network</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;
or</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">f.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entries
or changes made at an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Electronic Funds Transfer System </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">or a </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer Communication
System </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">by a:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">natural
person with authorized access to the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Customer&#8217;s </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">authentication credentials or </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mechanism.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">5.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Specific</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">This</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">does</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">cover</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">loss</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">or</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">indirectly</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">any</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Voice</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Initiated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">Transfer Instruction </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">from a:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Customer</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">natural</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">authorized</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">access</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Customer&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">verification</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">credentials</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">mechanism.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt; font-weight:bold;
margin-left:53.95pt; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;">V.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">CONDITIONS
AND</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">LIMITATIONS</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Anti-Bundling</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">requires</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">enumerated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">document
be</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fraudulently</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">materially</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">altered</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
a </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Counterfeit
Original</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">, or contain a signature which is a </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Forgery </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or obtained through
trick, artifice, fraud,</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">or</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">false</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">pretenses,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">material</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">alteration</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Counterfeit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Original</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fraudulent</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">signature</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">must</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be
on</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">enumerated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">document</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">itself</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">some</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">document</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">submitted</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">accompanying
or incorporated by reference into the enumerated document.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2.</font><font
style="word-spacing:9.95pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Change</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Or</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> Modification</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
text-decoration:none;">No change in or modification of this Bond shall be effective except when made
by written endorsement to this Bond signed by an authorized representative of the Company.</p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sole</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">change</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">modification</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">would</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">adversely</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">affect</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
be effective prior to sixty (60) days after written notice has been furnished by the acting party to
the U.S. Securities and Exchange Commission.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">joint</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assureds</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">change</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">modification</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">would</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">adversely</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">affect</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">effective</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sixty</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(60)</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">days</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">after</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notice</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">has</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">furnished</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company
to all </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assureds </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">and to the U.S. Securities and Exchange Commission.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">3.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Conformity</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">If</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">time</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">period</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">limitation</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">within</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prohibited</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">law</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">controlling</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">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 style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">4.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Cooperation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:bold; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">At</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">request</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reasonable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">times</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">places</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">designated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">submit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">examination</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">subscribe</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">same</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
oath;</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">produce</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">examination</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">pertinent</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">records;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
and</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cooperate</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">matters</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">pertaining</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">41</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">shall execute all papers and render all
assistance to secure to the Company the rights and causes</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">action</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">provided</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond.</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">do</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">nothing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">after</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">discovery</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
prejudice such rights or causes of action.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">5.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Property</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">apply</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">owned</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">held</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">capacity;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">legally</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
liable.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sole</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">use</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">benefit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">6.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liable</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Single</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">greater</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than
the applicable Deductible Amount as stated in Item 2 of the Declarations.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">There
shall</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">be no deductible applicable</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sustained</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by
any </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and
covered under Insuring Clause 1.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">7.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Discovery</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">This Bond applies only to loss first discovered by a </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Director </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">during
the Bond Period. Discovery occurs at the earlier of a </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Director </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">learning of:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">facts</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">may</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">subsequently</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">result</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">actual</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">potential</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">claim</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">alleged</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">third</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
party,</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">regardless</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">when</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">act</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acts</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">causing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">contributing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">occurred,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">even</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of
loss</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exceed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exact</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">details</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">may</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">then
be known.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt;
font-weight:normal; margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">8.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
text-decoration:none;">The payment of any loss under this Bond shall not reduce the liability of the
Company for other losses whenever sustained, provided that:</p><p style="font-size:10.0pt; font-family:Arial;
text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">the Company&#8217;s liability for each </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Single Loss </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
not exceed the applicable Single Loss Limit Of Liability</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">stated</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Item</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Declarations</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">set</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">forth</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">General</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Agreement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not
be cumulative in amounts from year to year or from Bond Period to Bond Period;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">if a </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Single Loss </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is
covered under more than one Insuring Clause, the maximum payable shall not exceed the largest applicable
Single Loss Limit Of Liability; and</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">losses</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sustained</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">more</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assureds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assureds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
not exceed the total amount for which the Company would be liable under this Bond if such loss or losses
were sustained by any one </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">9.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Notice</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">To</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Proof</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Legal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Proceedings</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Against</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">give</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">earliest</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">practicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">moment,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">exceed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sixty</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(60)
days</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">after</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">discovery</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amount</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">excess</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">50%</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount,
as stated in Item 2 of the Declarations.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">furnish</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">proof</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">duly</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sworn</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">full</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">particulars,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">within</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">six
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(6)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">months</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">after</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">discovery.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Certificated
Securities</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">listed in a proof of loss shall be identified by certificate or bond numbers,
if issued with them.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Legal
proceedings for the recovery of any loss under this Bond shall not be brought prior to the expiration
of sixty (60) days after the proof of loss is filed with the Company or after the expiration of twenty-four
(24) months from the discovery of such loss.</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">42</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%">&nbsp;</td><td style="width:50%">&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg"></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt">&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt">&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">e.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">This
Bond affords coverage only in favor of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">. No claim, suit, action or legal proceeding
shall be brought under the Bond by anyone other than the </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">f.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notices</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">writing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">following</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
addresses:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">ChubbClaimsFirstNotice@chubb.com</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Attn:</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Chubb</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Claims</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Department
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Chubb</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:90.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">P.O.</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Box</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">5122</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:90.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Scranton,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">PA</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">18505</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">g.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notices</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">writing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">following</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
address:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt;
font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">NA.FinancialLines@chubb.com</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Attn:</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Chubb</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Underwriting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Department
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Chubb</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:90.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">202B Hall&#8217;s Mill Road Whitehouse</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Station,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NJ</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">08889</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">notices</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">described</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">above</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">effective</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">date</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receipt</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">10.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Other
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Coverage
under this Bond shall apply only as excess over any other valid and collectible insurance, indemnity
or suretyship obtained by or on behalf of:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-17.95pt; font-weight:normal; margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:89.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Transportation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">another</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entity</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">on</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whose</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">premises</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">occurred</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employed</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">causing</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss
or engaged the messenger conveying the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Property </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">involved.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Solely</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">respect</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">7,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">event</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">also</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered
under other valid and collectible insurance issued by the Company, or a parent, subsidiary or affiliate
of</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Single</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reduced</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by
any</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">valid</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collectible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">only</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">remainder,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">if</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
be applicable to such loss covered hereunder.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-17.9pt; font-weight:normal; margin-left:53.9pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11.</font><font
style="word-spacing:9.95pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Securities</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Settlement</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">In the event of a loss of </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Securities </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered under this Bond,
the Company may, at its sole discretion, purchase</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">replacement</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">tender</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">issue</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">its</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indemnity</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to
effect replacement </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Securities</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indemnity</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">required</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">terms</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">against</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cost</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">expense
arising from the replacement of </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Securities </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">by the Company&#8217;s indemnity shall be:</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having
a value less than or equal to the applicable Deductible Amount &#8211; one hundred (100%) percent;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">excess</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">but</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">within</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Single</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Loss
Limit Of Liability &#8211; the percentage that the Deductible Amount bears to the value of the </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">;
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">having</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">greater</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable
Single</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">percentage
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">portion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">excess</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Single</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">bears</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value
of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Securities</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">The value referred to
in Sections 11.a., b., and c. is the value in accordance with Section 14., Valuation, regardless</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">at</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">time</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indemnity</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sustained.</font></p>
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style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">43</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
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<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The Company is not required to issue its indemnity for any portion of a loss of
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which
is not covered</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">by</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">this</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">however,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">may</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">do</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">so</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">courtesy</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">its</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sole</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">discretion.</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">shall pay</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the proportion</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the
Company&#8217;s premium</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">charge for</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the Company&#8217;s</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indemnity as set</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">forth</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Sections</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11.a.,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">b.,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">No</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">portion</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Single</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Loss</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Limit</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Liability</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">used</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment
of premium for any indemnity purchased by the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to obtain replacement
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">12.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Subrogation</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assignment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Recovery</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">In</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">event</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">subrogated</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rights
of recovery against any person or entity to the extent of such payment. On request, the </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
deliver to the Company an assignment of the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">rights, title and interest
and causes of action against any person or entity to the extent of such payment.</font></p><p style="font-size:12.0pt;
font-family:Arial; text-align:justify; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Recoveries,
whether effected by the Company or by the </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">, shall be applied net of the expense of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such
recovery, in the following order:</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify;
text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">first,
to the satisfaction of the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">covered loss which would otherwise have
been paid but for the fact that it is in excess of the Single Loss Limit Of Liability;</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">second,</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">satisfaction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">amounts</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">paid</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">settlement</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">claim;</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">third,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">satisfaction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">applicable</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Deductible</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Amount;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fourth,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">satisfaction</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">suffered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">was</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under
this Bond.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Recovery</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">reinsurance</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">indemnity</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">deemed</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">recovery</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Section.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:53.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">13.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Termination</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sole</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">terminated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unless</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given
by the acting party to the affected party and to the U.S. Securities and Exchange Commission not less
than sixty (60) days prior to the effective date of such termination.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal;
text-decoration:none;">b.</font><font style="word-spacing:10.025pt;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">joint</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">terminated</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">unless</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">written</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">notice</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">given
by</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">party</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">affected</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">party,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assureds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">U.S.</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Securities
and</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Exchange</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Commission,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">less</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">than</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sixty</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(60)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">days</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">effective</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">date</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">termination.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Director</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">acting</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">collusion</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">an
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">discovers</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">dishonest</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">fraudulent</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">act
committed</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">by</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whether</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">employment</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">otherwise,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">whether
against the </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">or any other person or entity, the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">:</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:90.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">i.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">shall immediately remove such </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee </font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">from
a position that would enable such </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Employee </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">to cause the </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to suffer a loss covered
by this Bond; and</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:90.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">ii.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">within
forty-eight (48) hours of discovering an </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Employee </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">has committed any dishonest or fraudulent
act, shall notify the Company of such action and provide full particulars of such dishonest or fraudulent
act.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:justify; text-indent:-18.05pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.025pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">This</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">terminates</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sixty</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">(60)</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">days</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">after</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">receipt</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">each</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">U.S.
Securities and Exchange Commission of written notice from the Company of its decision to terminate this
Bond as to any </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Employee</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:53.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">14.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Valuation</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Books</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Account</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Other</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
Records</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:72.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">The</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">consisting</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">books</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">account</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">records</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">used</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in
the conduct of its business shall be the amount paid by the </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for blank books, blank
pages, or other materials which replace the lost books of account </font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">44</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%;" >&nbsp;</td><td style="width:50%;" >&nbsp;</td></tr><tr><td
style="vertical-align:middle; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><img src="img_62c86d9690844f1.jpg" ></p></td><td
style="vertical-align:top;"><p style="font-size:14.0pt; font-family:Arial; text-align:left; color:#000000;
text-indent:0.9pt; font-weight:bold; margin-left:4.1pt; font-style:normal;"><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Financial</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Institution</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Bond
For</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</font><font style="font-size:14.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">Investment</font><font style="font-size:14.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:14.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Companies</font></p></td></tr><tr><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">or other records, plus the cost of labor paid by the </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for the actual transcription
or copying of data to reproduce such books of account or other records.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Money</font></p><p style="font-size:12.0pt; font-family:Arial;
text-align:justify; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Any loss of </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,
or loss payable in </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Money</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">, shall be paid in the </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of the United States
of America or the dollar equivalent of it, determined by the free market rate of exchange in effect at
the time of discovery of such loss.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-18.0pt; font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Other
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Property</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The value of any loss of </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">, except as otherwise
provided for in this Section 14., shall be the actual</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cash</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">cost</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">repairing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">replacing</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Property</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">like</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">quality</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and
value, whichever is less.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt;
font-weight:normal; margin-left:72.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Securities</font></p><p
style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:72.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">The value of any loss of </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Securities </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall be the average
market value of such </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Securities </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">on the business day immediately preceding discovery of such
loss, provided that the value of any </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Securities </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">replaced</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">consent</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">prior</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">settlement</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">claim</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for
them, shall be the actual market value at the time of replacement. In the case of a loss of interim certificates,
warrants, rights or other </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Securities</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">, the production of which is necessary
to the exercise of subscription, conversion, redemption or deposit privileges, the value of them shall
be the market value of such privileges immediately preceding their expiration if the loss is not discovered
until after their</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">expiration.</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">If</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">no</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">market</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">price</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">quoted</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Securities</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">privileges,</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">value</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">shall
be fixed by agreement of the parties.</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify;
font-weight:normal; font-style:normal;"><img src="img_820eef76691a4f1.jpg" ></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; color:#000000; text-indent:-35.95pt; font-weight:bold; margin-left:53.95pt;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">VI.</font><font style="word-spacing:18.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">COMPLIANCE</font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">WITH APPLICABLE</font><font style="font-size:10.0pt; font-family:Arial; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">TRADE</font><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">SANCTION
LAWS</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:justify; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">apply</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">extent</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">trade</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">economic</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sanctions</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">law</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">similar</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">laws</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or
regulations prohibit the Company from providing insurance.</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52903 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">45</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
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<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">AMEND</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">DEFINITION</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">OF</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">EMPLOYEE</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">(CONSULTANT)</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ENDORSEMENT</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35.01%;" >&nbsp;</td><td style="width:37.35%;" >&nbsp;</td><td
style="width:27.63%;" >&nbsp;</td></tr><tr><td colspan="2" style=" vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000; font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Named</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">FINANCIAL</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">SERVICES</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">COMPANY</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">DBA</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MFS</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">INVESTMENT
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">1</p></td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-2024</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">11-01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES THE BOND.</font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">PLEASE
READ IT</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">amended</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">follows:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
definition of </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Employee </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">is amended to include a natural person consultant retained
by the </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">and an employee of such consultant while either is performing
consulting services for the </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">pursuant to a written contract.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Each</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">employer</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">persons</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">set</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">forth</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">above</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">partners,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">officers,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">employees</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">employers
shall</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">collectively</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">deemed</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">one</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">person</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">for</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">purpose</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">definition
of</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Loss</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">event
of payment under this Bond, the Company shall be subrogated to the </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured&#8217;s </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights
of recovery, as stated in Section 12., Subrogation &#8211; Assignment &#8211; Recovery, of the Conditions and
Limitations, against any such </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">employer.</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.</p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-51444 (06/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">46</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">NON-CUMULATIVE</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT</font></p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.23%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">2</p></td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.65pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES THE BOND.</font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">PLEASE
READ IT</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:17.95pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that in the event of a loss covered under this Bond
and also covered under FEDERAL INSURANCE COMPANY&#8217;s Policy # J06419124 003, the Single Loss Limit of
Liability under this Bond shall be reduced by any payment under Policy # J06419124 003 and only the remainder,
if any, shall be applicable to such loss covered hereunder.</p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.</p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-51467 (02/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">47</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">RENEWAL</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">BOND</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ENDORSEMENT</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35.15%;" >&nbsp;</td><td style="width:37.23%;" >&nbsp;</td><td
style="width:27.63%;" >&nbsp;</td></tr><tr><td colspan="2" style=" vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000; font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Named</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">3</p></td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.65pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES THE BOND.</font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">PLEASE
READ IT</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">This</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">together</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">all</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">endorsements</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">attached</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">herein</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">(the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8220;Renewal</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond&#8221;),</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">has</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">been</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">issued</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">renewal
of 81391896 . issued to MASSACHUSETTS FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT by,</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">FEDERAL INSURANCE COMPANY (the &#8220;Expiring Bond&#8221;).</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The terms and conditions
of either the Renewal Bond or the Expiring Bond, whichever in its entirety is more favorable to the </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
shall govern with respect to any loss, provided that in all events, any applicable Deductible and Single
Loss Limit Of Liability of the Renewal Bond shall apply to any such loss.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">In the event of any subsequent renewal of this Bond, this
endorsement shall not be included in such subsequent renewal and all obligations of the Company under
this endorsement shall terminate as of 11-01- 2025 and be of no further force and effect.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-51469 (02/19)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">48</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">AMEND</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">DISCOVERY</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">AND</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">NOTICE</font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">TO</font><font style="font-size:12.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">COMPANY</font><font style="font-size:12.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ENDORSEMENT</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35.15%;" >&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td
style="width:27.63%;" >&nbsp;</td></tr><tr><td colspan="2" style=" vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000; font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Named</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">4</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">November</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> 2024</font></p></td></tr><tr><td
colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">amended</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">follows:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(1)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">7.,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Discovery,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Conditions</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Limitations</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">deleted</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">replaced</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">following:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">7.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Discovery</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:54.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">This Bond applies only to loss first discovered by the Risk Management Department
or Department of General Counsel of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">during the Bond Period.
Discovery occurs at the earlier of</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">the Risk Management Department or Department
of General Counsel of the first named </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">learning of:</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:71.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">facts</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">may</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">subsequently</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">result</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">type</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">covered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.9pt; font-weight:normal;
margin-left:71.9pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:9.95pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">actual</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">potential</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">claim</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">which</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">alleged</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">liable</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">a</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">third</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
party,</font></p><p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; margin-left:54.0pt; text-decoration:none;">regardless of when the act or acts causing
or contributing to such loss occurred, even though the amount of loss does not exceed the applicable
Deductible Amount, or the exact amount or details of loss may not then be known.</p><p style="font-size:10.0pt;
font-family:Serif; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(2)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Section</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">9.,</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notice</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Proof</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8211;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Legal</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Proceedings</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Against</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Conditions</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Limitations,
is amended by deleting paragraph a. and replacing with the following:</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:53.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">a.</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">The </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall give the Company
notice at the earliest practicable moment, not to exceed sixty (60) days after discovery of a loss by
the Risk Management Department or Department of General Counsel of the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, in an amount that
is in excess of 50% of the applicable Deductible Amount, as stated in Item 2 of the Declarations.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(3)</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">13.,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Termination,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Conditions</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Limitations,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">amended</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">deleting</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">lead-in</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">paragraph</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:35.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">c.</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">and</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">replacing</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
following:</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">c.</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If the Risk</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Management</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Department</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
Department</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">of General Counsel of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not acting in collusion
with an </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Employee</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, discovers any dishonest or fraudulent act committed by such
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Employee</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
whether in the employment of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or otherwise, and whether against the </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
any other person or entity, the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">;</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.</p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">policy</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52911 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">49</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
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<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:bold;
text-decoration:none;">JOINT LOSS PAYEE AND NOTIFICATION ENDORSEMENT</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">5</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that General Agreement 2., Joint Assured, of this
Bond is amended by adding the following at the end thereof:</p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding the
foregoing, at the written request of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, any payment in satisfaction
of loss covered by this Bond involving </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or other </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
which Teachers' Retirement System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017)
has an interest shall be paid by an instrument issued to the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and Teachers' Retirement
System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017) as joint loss payees subject
to the following conditions and limitations:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The Bond is for the sole use and benefit of the first named
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as
expressed herein. The organization named</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">otherwise</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
benefits under this Bond.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding
any payment made at the written request of the first named </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the amount paid for
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">shall not exceed the applicable Single Loss Limit Of Liability under this Bond.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">makes</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should
this Bond be cancelled, non-renewed, or restrictively modified by the Company, the Company will endeavor
to give advance notice to the organization named above, but failure to provide such notice shall not
impair, delay, or negate the effect of such cancellation, non-renewal, or restrictive modification, nor
shall it</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">impose any obligation or liability of any kind on the Company, its agents or representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Should this Bond be cancelled, non-renewed, or restrictively modified at the request
of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, the Company shall endeavor to notify the organization named
above within ten (10) business days after receipt of</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such request, but failure
to do so shall not impair, delay, or negate the effect of such cancellation, non-renewal or restrictive
modification, nor shall it impose any obligation or liability of any kind on the Company, its agents
or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52915 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">50</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:bold;
text-decoration:none;">JOINT LOSS PAYEE AND NOTIFICATION ENDORSEMENT</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">6</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that General Agreement 2., Joint Assured, of this
Bond is amended by adding the following at the end thereof:</p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding the
foregoing, at the written request of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, any payment in satisfaction
of loss covered by this Bond involving </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or other </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
which Teachers' Retirement System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017)
has an interest shall be paid by an instrument issued to the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and Teachers' Retirement
System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017) as joint loss payees subject
to the following conditions and limitations:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">d.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The Bond is for the sole use and benefit of the first named
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as
expressed herein. The organization named</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">otherwise</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
benefits under this Bond.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">e.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding
any payment made at the written request of the first named </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the amount paid for
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">shall not exceed the applicable Single Loss Limit Of Liability under this Bond.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">f.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">makes</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should
this Bond be cancelled, non-renewed, or restrictively modified by the Company, the Company will endeavor
to give advance notice to the organization named above, but failure to provide such notice shall not
impair, delay, or negate the effect of such cancellation, non-renewal, or restrictive modification, nor
shall it</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">impose any obligation or liability of any kind on the Company, its agents or representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Should this Bond be cancelled, non-renewed, or restrictively modified at the request
of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, the Company shall endeavor to notify the organization named
above within ten (10) business days after receipt of</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such request, but failure
to do so shall not impair, delay, or negate the effect of such cancellation, non-renewal or restrictive
modification, nor shall it impose any obligation or liability of any kind on the Company, its agents
or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52915 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">51</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
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<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:bold;
text-decoration:none;">JOINT LOSS PAYEE AND NOTIFICATION ENDORSEMENT</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">7</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that General Agreement 2., Joint Assured, of this
Bond is amended by adding the following at the end thereof:</p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding the
foregoing, at the written request of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, any payment in satisfaction
of loss covered by this Bond involving </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or other </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
which Teachers' Retirement System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017)
has an interest shall be paid by an instrument issued to the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and Teachers' Retirement
System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017) as joint loss payees subject
to the following conditions and limitations:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">g.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The Bond is for the sole use and benefit of the first named
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as
expressed herein. The organization named</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">otherwise</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
benefits under this Bond.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">h.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding
any payment made at the written request of the first named </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the amount paid for
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">shall not exceed the applicable Single Loss Limit Of Liability under this Bond.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">i.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">makes</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should
this Bond be cancelled, non-renewed, or restrictively modified by the Company, the Company will endeavor
to give advance notice to the organization named above, but failure to provide such notice shall not
impair, delay, or negate the effect of such cancellation, non-renewal, or restrictive modification, nor
shall it</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">impose any obligation or liability of any kind on the Company, its agents or representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Should this Bond be cancelled, non-renewed, or restrictively modified at the request
of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, the Company shall endeavor to notify the organization named
above within ten (10) business days after receipt of</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such request, but failure
to do so shall not impair, delay, or negate the effect of such cancellation, non-renewal or restrictive
modification, nor shall it impose any obligation or liability of any kind on the Company, its agents
or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52915 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">52</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:bold;
text-decoration:none;">JOINT LOSS PAYEE AND NOTIFICATION ENDORSEMENT</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">8</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that General Agreement 2., Joint Assured, of this
Bond is amended by adding the following at the end thereof:</p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding the
foregoing, at the written request of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, any payment in satisfaction
of loss covered by this Bond involving </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or other </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
which Teachers' Retirement System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017)
has an interest shall be paid by an instrument issued to the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and Teachers' Retirement
System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017) as joint loss payees subject
to the following conditions and limitations:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">j.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The Bond is for the sole use and benefit of the first named
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as
expressed herein. The organization named</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">otherwise</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
benefits under this Bond.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">k.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding
any payment made at the written request of the first named </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the amount paid for
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">shall not exceed the applicable Single Loss Limit Of Liability under this Bond.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">l.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">makes</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should
this Bond be cancelled, non-renewed, or restrictively modified by the Company, the Company will endeavor
to give advance notice to the organization named above, but failure to provide such notice shall not
impair, delay, or negate the effect of such cancellation, non-renewal, or restrictive modification, nor
shall it</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">impose any obligation or liability of any kind on the Company, its agents or representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Should this Bond be cancelled, non-renewed, or restrictively modified at the request
of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, the Company shall endeavor to notify the organization named
above within ten (10) business days after receipt of</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such request, but failure
to do so shall not impair, delay, or negate the effect of such cancellation, non-renewal or restrictive
modification, nor shall it impose any obligation or liability of any kind on the Company, its agents
or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52915 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">53</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"
></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:bold;
text-decoration:none;">JOINT LOSS PAYEE AND NOTIFICATION ENDORSEMENT</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%;"
>&nbsp;</td><td style="width:37.22%;" >&nbsp;</td><td style="width:27.63%;" >&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">9</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">In
consideration of the premium charged, it is agreed that General Agreement 2., Joint Assured, of this
Bond is amended by adding the following at the end thereof:</p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding the
foregoing, at the written request of the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, any payment in satisfaction
of loss covered by this Bond involving </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Money </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or other </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Property </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
which Teachers' Retirement System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017)
has an interest shall be paid by an instrument issued to the first named </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and Teachers' Retirement
System of Louisiana (8401 United Plaza Boulevard, Baton Rouge, LA 70809-7017) as joint loss payees subject
to the following conditions and limitations:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">m.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The Bond is for the sole use and benefit of the first named
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as
expressed herein. The organization named</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">above</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">considered</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">an</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">nor</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">otherwise</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">have</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">rights</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
benefits under this Bond.</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify;
text-indent:-18.0pt; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">n.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Notwithstanding
any payment made at the written request of the first named </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the amount paid for
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Single
Loss </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">shall not exceed the applicable Single Loss Limit Of Liability under this Bond.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:35.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">o.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">If</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Company</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">makes</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">any</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment,</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">be</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">treated</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">though</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">made</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">first</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">named</font></p><p
style="font-size:11.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should
this Bond be cancelled, non-renewed, or restrictively modified by the Company, the Company will endeavor
to give advance notice to the organization named above, but failure to provide such notice shall not
impair, delay, or negate the effect of such cancellation, non-renewal, or restrictive modification, nor
shall it</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">impose any obligation or liability of any kind on the Company, its agents or representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Should this Bond be cancelled, non-renewed, or restrictively modified at the request
of the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, the Company shall endeavor to notify the organization named
above within ten (10) business days after receipt of</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">such request, but failure
to do so shall not impair, delay, or negate the effect of such cancellation, non-renewal or restrictive
modification, nor shall it impose any obligation or liability of any kind on the Company, its agents
or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">representatives.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"
><img src="img_3c214f7b71c24f1.jpg" ></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify;
font-weight:normal; margin-left:270.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%;" >&nbsp;</td><td style="width:50.01%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52915 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">54</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Serif; text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">STOP</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">PAYMENT</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ORDER OR</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">REFUSAL</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">TO PAY</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">CHECK</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ENDORSEMENT</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35.15%">&nbsp;</td><td style="width:37.22%">&nbsp;</td><td style="width:27.63%">&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">10</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">November</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> 2024</font></p></td></tr><tr><td
colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">solely</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">respect</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">coverage</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">afforded</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this
Endorsement this Bond is amended as follows:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Item 2., Single Loss Limits Of Liability &#8211; Deductible Amounts,
of the Declarations is amended to include the </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">following:</font></p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" align="center" style="clear:both"><tr style="font-size:1pt;"><td
style="width:33.33%">&nbsp;</td><td style="width:33.33%">&nbsp;</td><td style="width:33.34%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Insuring
Clause</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Single
Loss Limit of Liability</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Deductible
Amount</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">Stop
Payment Order</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">$25,000,000</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">$100,000</p></td></tr></table><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
following Insuring Clause is added:</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Stop</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Payment</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Order</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Refusal</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Pay</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Check</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Loss</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">from</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">being</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">legally</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">liable</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">pay</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">compensatory</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">damages</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
for:</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">complying
or failing to comply with notice from any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Customer </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">or any authorized representative of any
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
to stop payment on any check or draft made or drawn upon or against the </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by such </font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
by any authorized representative of such </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Customer</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">; or</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:54.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">refusing to pay any check or draft made or drawn upon or against
the </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">by
any </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Customer
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or
by any authorized representative of such </font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">Customer</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(3)</font><font
style="word-spacing:9.975pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">following</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Exclusions</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">apply:</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">This</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">does</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">not</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">cover</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">loss</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">resulting</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">directly</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">indirectly</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">from:</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">a.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">libel,
slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution,
assault, or battery;</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt;
font-weight:normal; margin-left:54.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia;
font-style:normal; font-weight:normal; text-decoration:none;">b.</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">sickness,
disease, physical bodily harm, mental or emotional distress or anguish, or death of any person;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">or</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-17.95pt; font-weight:normal;
margin-left:53.95pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">c.</font><font style="word-spacing:9.975pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">discrimination.</font></p><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:18.0pt; text-decoration:none;">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">All</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"><img src="img_3c214f7b71c24f1.jpg"></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:270.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Authorized</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52917 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">55</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"></p></td></tr></table>
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<p style="font-size:12.0pt; font-family:Serif; text-align:center; color:#000000; font-weight:bold; margin-left:1.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">UNAUTHORIZED</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">SIGNATURE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT</font></p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:35.15%">&nbsp;</td><td
style="width:37.22%">&nbsp;</td><td style="width:27.63%">&nbsp;</td></tr><tr><td colspan="2" style="
vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000;
border-right:0.5pt; border-right-style:solid; border-right-color:#000000; font-size:1pt;"><p style="font-size:7.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Named</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
text-decoration:none;">11</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.35pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> By</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Federal</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THE</font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">BOND.
PLEASE READ IT </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">solely</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">with</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">respect</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">coverage</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">afforded</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">under</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this
Endorsement this Bond is amended as follows:</font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; text-indent:-18.0pt; font-weight:normal; margin-left:35.95pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">(1)</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Item 2., Single Loss Limits of Liability &#8211; Deductible Amounts,
of the Declarations is amended to include the </font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">following:</font></p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" align="center" style="clear:both"><tr style="font-size:1pt;"><td
style="width:33.33%">&nbsp;</td><td style="width:33.33%">&nbsp;</td><td style="width:33.34%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Insuring
Clause</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Single
Loss Limit of Liability</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:underline;">Deductible
Amount</p></td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">Unauthorized
Signature</p></td><td style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">$100,000</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">$25,000,000</p></td></tr></table><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; text-indent:-18.0pt; font-weight:normal;
margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">(2)</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">following</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Insuring</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Clause</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">added:
Unauthorized Signature</font></p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:36.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Loss resulting directly from the </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">having accepted, paid,
or cashed any check or </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Withdrawal Order </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">made or drawn on or against the account of a </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Customer</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
which bears the signature or endorsement of one other than a person whose name and signature is on file
with the </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Assured </font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">as signatory on such account.</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:36.0pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">As
a condition precedent to coverage under this Insuring Clause, the </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Assured </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall have on file signatures
of all persons who are signatories on such account.</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.</p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"><img src="img_3c214f7b71c24f1.jpg"></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:270.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Authorized</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-52918 (08/21)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">56</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>

<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%">&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><img src="img_cd3e887d897b4f1.jpg"></p></td></tr></table>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Serif; text-align:center; color:#000000; font-weight:bold; margin-left:1.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">AMEND</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">TERMINATION</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">&#8211;</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">NEW</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">HAMPSHIRE</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">BANKING</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">DEPARTMENT</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><br><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">ENDORSEMENT</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35.15%">&nbsp;</td><td style="width:37.23%">&nbsp;</td><td style="width:27.63%">&nbsp;</td></tr><tr><td
colspan="2" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;
font-size:1pt;"><p style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Named</font><font style="font-size:7.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:7.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Assured</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">MASSACHUSETTS
FINANCIAL SERVICES COMPANY DBA MFS INVESTMENT </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">MANAGEMENT</font></p></td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt;
border-right-style:solid; border-right-color:#000000;"><p style="font-size:7.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font style="font-size:7.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">12</p></td></tr><tr><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Number</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; text-decoration:none;">J06054602</p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Period</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:16.65pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">11-01-</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">2024</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">to</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">11-</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">01-</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">2025</font></p></td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt; border-left-style:solid;
border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Effective</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Endorsement</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">November</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">1,</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
2024</font></p></td></tr><tr><td colspan="3" style=" vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; border-left:0.5pt;
border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:7.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt; font-style:normal;"><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Issued</font><font
style="font-size:7.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
By</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:5.6pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Federal</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Insurance</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">&#160;</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Company</font></p></td></tr></table><p
style="font-size:13.0pt; font-family:Aptos; text-align:left; color:#000000; font-weight:bold; font-style:italic;"><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">THIS</font><font
style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;">ENDORSEMENT CHANGES THE BOND.</font><font style="font-size:13.0pt; font-family:Aptos;
font-style:italic; color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:13.0pt;
font-family:Aptos; font-style:italic; color:#000000; font-weight:bold; text-decoration:none;">PLEASE
READ IT</font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000; font-weight:bold;
text-decoration:none;"> </font><font style="font-size:13.0pt; font-family:Aptos; font-style:italic; color:#000000;
font-weight:bold; text-decoration:none;">CAREFULLY.</font></p><p style="font-size:11.0pt; font-family:Aptos;
text-align:center; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">This</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">endorsement</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">modifies</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">insurance</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">provided</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"> </font><font style="font-size:11.0pt; font-family:Aptos;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">under</font><font style="font-size:11.0pt;
font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">the</font><font
style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
</font><font style="font-size:11.0pt; font-family:Aptos; font-style:normal; color:#000000; font-weight:bold;
text-decoration:none;">following: FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:17.95pt; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">In</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">consideration</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">premium</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">charged,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">it</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">is</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">agreed</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">that</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Section</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">13.,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Termination,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and
Limitations of this Bond is amended to include the following:</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">No
termination of this Bond as an entirety by the Company shall take effect prior to the expiration of ten
(10) days after written notice of such termination has been delivered to:</p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; text-indent:12.65pt; font-weight:normal; margin-left:168.45pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">New Hampshire Banking Commissioner State</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">New</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Hampshire</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Banking</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Department</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">53</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Regional</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Drive,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Suite</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">200</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Concord,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">NH</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">03301</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">E-mail:</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#0000FF; font-weight:normal;
text-decoration:underline;">nhbd@banking.nh.gov</font></p><p style="font-size:12.0pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Should the Bond be terminated
or non-renewed by the Company or the first named </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">Assured</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, the Company shall
provide ten (10) days advance written notice of such termination or non-renewal to:</font></p><p style="font-size:12.0pt;
font-family:Serif; text-align:justify; text-indent:12.65pt; font-weight:normal; margin-left:168.45pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">New Hampshire Banking Commissioner State</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">New</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Hampshire</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Banking</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Department</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">53</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Regional</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Drive,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Suite</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">200</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Concord,</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">NH</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">03301</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:center; font-weight:normal; font-style:normal;"><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">E-mail:</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; color:#0000FF; font-weight:normal;
text-decoration:underline;">nhbd@banking.nh.gov</font></p><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; margin-left:18.0pt; text-decoration:none;">The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.</p><p style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal;
margin-left:18.0pt; font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">All</font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">other</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">terms,</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">conditions</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">limitations</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">this</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Bond</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">shall</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">remain</font><font
style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">unchanged.</font></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_66a8bf5969f54f1.jpg"><img src="img_3c214f7b71c24f1.jpg"></p><p
style="font-size:12.0pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:270.0pt;
font-style:normal;"><font style="font-size:12.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">Authorized</font><font style="font-size:12.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:12.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Representative</font></p>
<!-- PAGEBREAK_START -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:49.99%">&nbsp;</td><td style="width:50.01%">&nbsp;</td></tr><tr><td
style="vertical-align:top; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">PF-54417 (12/20)</p></td><td style="vertical-align:top; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:8.0pt; font-family:Sans-Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">57</font><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"> of </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">57</font></p></td></tr></table>

<p><hr color="black" noshade="noshade"></p>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
