<SEC-DOCUMENT>0001010521-11-000470.txt : 20111101
<SEC-HEADER>0001010521-11-000470.hdr.sgml : 20111101
<ACCEPTANCE-DATETIME>20111031182046
ACCESSION NUMBER:		0001010521-11-000470
CONFORMED SUBMISSION TYPE:	40-17G/A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20111101
DATE AS OF CHANGE:		20111031
EFFECTIVENESS DATE:		20111101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHN HANCOCK INVESTORS TRUST
		CENTRAL INDEX KEY:			0000759828
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04173
		FILM NUMBER:		111169277

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

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HANCOCK JOHN INVESTORS TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17G/A
<SEQUENCE>1
<FILENAME>g_forallothertrusts.htm
<DESCRIPTION>JOHN HANCOCK FUNDS
<TEXT>

<HTML>
<HEAD>
   <TITLE>g_forallothertrusts.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial lang=EN-US style="font-size:10.0pt;">_____________________________________________________________________________________________ </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font style="height:64px;margin-left:480px;margin-top:9px;position:absolute;width:178px;z-index:5;">

<table cellpadding=0 cellspacing=0 border=0 style="width:178.000000pt;">
 <tr>
  <td>
    <div style="padding:3.6pt 7.2pt 3.6pt 7.2pt;">
    <p style="margin:0in;margin-bottom:.0001pt;"><img height=51 src="x11102812360700.gif" width=155></p>
    </div>
    </td>
 </tr>
<tr>
  <td colspan=1>&nbsp;</td>
 </tr>
</table>

</font><font face=arial lang=EN-US style="font-size:8.0pt;"><br>
&#160;<br>
  601 Congress Street<br>
   Boston, Massachusetts 02210-2805<br>
<br>
</font></p>

<p style="margin:0in;margin-bottom:6.0pt;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">October 26, 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Securities and Exchange Commission</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Washington, DC&#160; 20549</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">RE:&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Bank and Thrift Opportunity Fund
(File No. 811-08568)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Bond Trust (File No. 811-03006)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock California Tax-Free Income Fund
(File No. 811-05979)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Capital Series (File No. 811-01677)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Current Interest (File No.
811-02485)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Funds II (File No. 811-21779)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Funds III (File No. 811-21777)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Hedged Equity &amp; Income Fund
(File No. 811-22441) </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Income Securities Trust (File No.
811-04186)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Investment Trust (File No.
811-00560)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Investment Trust II (File No.
811-03999)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Investment Trust III (File No.
811-04630) </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Investors Trust (File No.
811-04173)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Municipal Securities Trust (File
No. 811-05968)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Preferred Income Fund (File No.
811-21131)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Preferred Income Fund II (File No.
811-21202)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Preferred Income Fund III (File No.
811-21287)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Premium Dividend Fund (File No.
811-05908)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Series Trust (File No. 811-03392)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Sovereign Bond Fund (File No.
811-02402)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Strategic Series (File No.
811-04651)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Tax-Advantaged Dividend Income Fund
(File No. 811-21416)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Tax-Advantaged Global Shareholder
Yield Fund (File No. 811-22056)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Tax-Exempt Series Fund (File No.
811-05079)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; John Hancock Variable Insurance Trust (File No.
811-04146)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Dear Sir/Madam:</font></p>

<p style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">On behalf of the Registrants,
enclosed for filing, pursuant to Rule 17g-1 under the Investment Company Act of
1940, as amended (the &#8220;1940 Act&#8221;), are the following documents:</font></p>

<ol start=1 type=1 style="margin-bottom:0in;margin-top:0in;">
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A copy of Endorsement 14 to the
     Registrants&#8217; amended joint bond no. </font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">81906724&nbsp;</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> issued by Chubb Group
     of Insurance Companies deleting Endorsement 13 which extended the bond period
     from July 15, 2010 to September 30, 2011.</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A copy of Endorsement 15 to
     the Registrant&#8217;s amended joint bond no.</font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> 81906724</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> issued by the
     Chubb Group of Insurance Companies extending the bond period from July 15,
     2010 to December 31, 2011.</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A copy of Rider No. 2 to the
     Registrants&#8217; amended joint bond no. </font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">87142110B&nbsp;</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> extending the bond
     period from July 15, 2011 to September 30, 2011</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A copy of Rider No. 3 to the
     Registrant&#8217;s amended joint bond no. </font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">87142110B&nbsp;</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> extending the bond
     period from July 15, 2011 to December 31, 2011.&#160; </font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font color=black face=helv lang=EN-US style="font-size:10.0pt;">A copy of the resolutions of the Board of Trustees approving
     the endorsements.</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A copy
     of the agreement among the investment companies entered into pursuant to
     paragraph (f) of Regulation 17g-1.</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A statement showing the single
     bond amount (if the investment company had not been named as an insured
     under this joint insured bond).</font></li>
 <li style="margin:0in;margin-bottom:6.0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">A statement showing that premiums
     have been paid for the period </font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">July 15, 2011</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> to</font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> December 31, 2011.</font></b></li>
</ol>


<a name="_bclFooter1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Sincerely,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><u><font face=Tahoma lang=EN-US style="font-size:10.0pt;">/s/ Betsy Anne Seel</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Betsy Anne Seel</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">Assistant Secretary</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>


<a name="_bclFooter2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:.05in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">FEDERA</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">L&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">INSURANC</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">E&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">COMPANY&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=calibri lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">Endorsemen</font><font face=arial lang=EN-US style="font-size:10.0pt;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">No.</font><font face=arial lang=EN-US style="font-size:10.0pt;">:&#160;&#160;&#160;&#160;&#160;&#160; </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">14&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=calibri lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:257.0pt;margin-right:0pt;margin-top:0in;"><sub><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">Bon</font></sub><sub><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">d</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">Number</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">81906724&nbsp;</font></sub></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">NAM</font><font face=arial lang=EN-US style="font-size:10.0pt;">E&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">O</font><font face=arial lang=EN-US style="font-size:10.0pt;">F&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">ASSURED</font><font face=arial lang=EN-US style="font-size:10.0pt;">:&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">JOH</font><font face=arial lang=EN-US style="font-size:10.0pt;">N&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">HANCOC</font><font face=arial lang=EN-US style="font-size:10.0pt;">K&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">FUNDS&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.4pt;"><font face=calibri lang=EN-US style="font-size:7.5pt;line-height:7.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:170.25pt;margin-right:0pt;margin-top:0in;"><b><font face=arial lang=EN-US style="font-size:10.0pt;">DELETE AN ENDORSEMENT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.95pt;"><font face=calibri lang=EN-US style="font-size:11.0pt;line-height:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:0pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;">It
is agreed that this Bond is amended by delet</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;">i</font><font face=arial lang=EN-US style="font-size:10.0pt;">ng
Endorsement Number(s) 13 in its entirety.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:13.0pt;line-height:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:84.2pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">Thi</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">Endorsemen</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">applie</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">t</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">o&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">los</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;line-height:35.5pt;">discover</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">e</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">afte</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">r&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">12:0</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">1&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">a.m</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">.&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">o</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">n&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">Septembe</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">r&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;">
</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">30</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">,&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">2011. AL</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">L&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">OTHE</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">R&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">TERM</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">AN</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">D&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">CONDITION</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">O</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">F&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">THI</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">BON</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">D&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">REMAI</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:35.5pt;">N&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:35.5pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:35.5pt;">UNCHANGED.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.75pt;"><font face=Tahoma lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;">Date:</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:2.75pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;">September 30, 2011&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By</font></p>

<font face="times new roman" lang=EN-US style="font-size:12.0pt;"><br clear=all>


</font><p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helv lang=EN-US style="font-size:10.0pt;">/</font><u><font color=black face=helv lang=EN-US style="font-size:10.0pt;">s/ Paul Morrisette</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><sub><font face=arial lang=EN-US style="font-size:10.0pt;line-height:9.0pt;">Authorized</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:9.0pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:9.0pt;">Representative&nbsp;</font></sub></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font style="height:2px;margin-left:93px;margin-top:244px;position:absolute;width:630px;z-index:5;"><img height=2 src="x11102812360701.gif" width=630></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>


<a name="_bclFooter3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;">ICAP
Bond</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:5.0pt;margin-right:0pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;">Form
17-02-5647 (Ed. 11-03)</font></p>









<a name="_bclFooter4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-top:.9pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:278.0pt;margin-right:0pt;margin-top:1.7pt;"><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">FEDERA</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">L&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">INSURANC</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">E&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">COMPANY&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.2pt;"><font face=calibri lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:278.0pt;margin-right:0pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">Endorsemen</font><font face=arial lang=EN-US style="font-size:10.0pt;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">No.</font><font face=arial lang=EN-US style="font-size:10.0pt;">:&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:.15pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">15&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.55pt;"><font face=calibri lang=EN-US style="font-size:11.0pt;line-height:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:278.0pt;margin-right:0pt;margin-top:0in;"><sub><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">Bon</font></sub><sub><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">d</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">Number</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">81906724&nbsp;</font></sub></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.3pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">NAM</font><font face=arial lang=EN-US style="font-size:10.0pt;">E&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">O</font><font face=arial lang=EN-US style="font-size:10.0pt;">F&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">ASSURED</font><font face=arial lang=EN-US style="font-size:10.0pt;">:&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">JOH</font><font face=arial lang=EN-US style="font-size:10.0pt;">N&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">HANCOC</font><font face=arial lang=EN-US style="font-size:10.0pt;">K&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">FUNDS&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:140.5pt;margin-right:0pt;margin-top:0in;"><font style="position:relative;z-index:4;"><font style="height:2px;left:93px;position:absolute;top:-18px;width:630px;"><img height=2 src="x11102812360702.gif" width=630></font></font><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">EXTENDE</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">D&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">BON</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">D&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">PERIO</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;">D&nbsp;</font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font></b><b><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">ENDORSEMENT&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=calibri lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:2.3pt;margin-top:0in;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">I</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;">
</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">i</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">agree</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">tha</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">thi</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">Bon</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">i</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">amende</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">b</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">y&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">deletin</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">g&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">ITE</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">M&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">1</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">.&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">o</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">f
&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:2.55pt;line-height:103%;">&#160;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">th</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">e&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">DECLARATION</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">an</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">substitutin</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:103%;">g&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.2pt;line-height:103%;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:103%;">the
following:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.25pt;"><font face=calibri lang=EN-US style="font-size:8.0pt;line-height:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:343.400024pt;">
 <tr style="height:16.0pt;">
  <td valign=top width=13% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:2.0pt;margin-right:0pt;margin-top:3.7pt;"><b><font face=arial style="font-size:10.0pt;letter-spacing:-.15pt;">ITE</font></b><b><font face=arial style="font-size:10.0pt;">M&nbsp;</font></b><b><font face=arial style="font-size:10.0pt;letter-spacing:-.25pt;"> </font></b><b><font face=arial style="font-size:10.0pt;letter-spacing:-.15pt;">1.&nbsp;</font></b></p>
  </td>
 <td valign=top width=28% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.15pt;margin-right:0pt;margin-top:3.7pt;"><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">B</font><font face=arial style="font-size:10.0pt;letter-spacing:-.1pt;">ON</font><font face=arial style="font-size:10.0pt;">D&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">PE</font><font face=arial style="font-size:10.0pt;letter-spacing:-.1pt;">R</font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">I</font><font face=arial style="font-size:10.0pt;letter-spacing:-.1pt;">OD</font><font face=arial style="font-size:10.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:14.6pt;margin-right:0pt;margin-top:3.7pt;"><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">fro</font><font face=arial style="font-size:10.0pt;">m </font><font face=arial style="font-size:10.0pt;letter-spacing:2.05pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">12:0</font><font face=arial style="font-size:10.0pt;">1&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">a.m</font><font face=arial style="font-size:10.0pt;">.&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">on&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:7.9pt;margin-right:0pt;margin-top:3.7pt;"><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">Jul</font><font face=arial style="font-size:10.0pt;">y&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">15</font><font face=arial style="font-size:10.0pt;">,&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:16.0pt;">
  <td valign=top width=13% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:10.0pt;"><font face=calibri style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:10.0pt;"><font face=calibri style="font-size:11.0pt;line-height:115%;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:27.65pt;margin-right:0pt;margin-top:0in;"><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">t</font><font face=arial style="font-size:10.0pt;line-height:11.25pt;">o </font><font face=arial style="font-size:10.0pt;letter-spacing:2.0pt;line-height:11.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">12:0</font><font face=arial style="font-size:10.0pt;line-height:11.25pt;">1&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">a.m</font><font face=arial style="font-size:10.0pt;line-height:11.25pt;">.&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">on&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="height:16.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:0in;"><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">Decembe</font><font face=arial style="font-size:10.0pt;line-height:11.25pt;">r&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">31</font><font face=arial style="font-size:10.0pt;line-height:11.25pt;">,&nbsp;</font><font face=arial style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.25pt;"> </font><font face=arial style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.25pt;">2011&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=calibri lang=EN-US style="font-size:9.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Thi</font><font face=arial lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Endorsemen</font><font face=arial lang=EN-US style="font-size:10.0pt;">t&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">applie</font><font face=arial lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">t</font><font face=arial lang=EN-US style="font-size:10.0pt;">o&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">los</font><font face=arial lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">discover</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">e</font><font face=arial lang=EN-US style="font-size:10.0pt;">d&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">afte</font><font face=arial lang=EN-US style="font-size:10.0pt;">r&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">12:0</font><font face=arial lang=EN-US style="font-size:10.0pt;">1&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">a.m</font><font face=arial lang=EN-US style="font-size:10.0pt;">.&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">o</font><font face=arial lang=EN-US style="font-size:10.0pt;">n&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">Septembe</font><font face=arial lang=EN-US style="font-size:10.0pt;">r&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;">
</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">30</font><font face=arial lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">2011.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;line-height:14.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:0in;"><sub><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">AL</font></sub><sub><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">L</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">OTHE</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">R&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">TERM</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">AN</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">D&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">CONDITION</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;line-height:11.3pt;">
</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">O</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">F&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">THI</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">S&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">BON</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">D&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">REMAI</font><font face=arial lang=EN-US style="font-size:10.0pt;line-height:11.3pt;">N&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;line-height:11.3pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:11.3pt;">UNCHANGED.&nbsp;</font></sub></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=calibri lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.15pt;"><font face=Tahoma lang=EN-US style="font-size:13.0pt;line-height:13.0pt;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;">Date:
</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:1.15pt;">&#160;</font><font face=arial lang=EN-US style="font-size:10.0pt;">September 30, 2011&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By&#160;&#160;
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:1.7pt;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">ICA</font><font face=arial lang=EN-US style="font-size:10.0pt;">P&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;">Bond&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:8.0pt;margin-right:0pt;margin-top:.5pt;"><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">For</font><font face=arial lang=EN-US style="font-size:10.0pt;">m&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.25pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">17-02-503</font><font face=arial lang=EN-US style="font-size:10.0pt;">2&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.25pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">(Ed</font><font face=arial lang=EN-US style="font-size:10.0pt;">.&nbsp;</font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.25pt;"> </font><font face=arial lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">11-02)&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><u><font color=black face=helv lang=EN-US style="font-size:10.0pt;">/s/ Paul Morrisette</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><sub><font face=arial lang=EN-US style="font-size:10.0pt;">Authorized Representative</font></sub></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;line-height:9.0pt;">&#160;&nbsp;</font></p>









<a name="_bclFooter5"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:18.0pt;">ICI MUTUAL INSURANCE COMPANY</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;">&nbsp;</font></b></p>

<h3 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">INVESTMENT COMPANY BLANKET BOND</font></b></h3>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">(EXCESS BOND)</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">RIDER NO. 2</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">

<p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">INSURED&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BOND
NUMBER</font></b><b><font face=Tahoma lang=EN-US style="font-size:8.5pt;"> &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Funds&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87142110B
&#160;&#160;&#160;&#160; </font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">EFFECTIVE DATE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; POLICY
PERIOD&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; AUTHORIZED REPRESENTATIVE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>

<div style="border:none;border-bottom:double windowtext 2.25pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">July 15, 2011&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; July
15, 2011 to September 30, 2011 </font></b></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">/S/ Maggie Sullivan</font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">In consideration of the premium charged for this Bond, it
is hereby understood and agreed that the expiration date of the Bond Period set
forth in Item 2 of the Declarations is hereby amended to be </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">12:01 a.m. on September</font><font face=Tahoma lang=EN-US style="font-size:10.0pt;"> 30, 2011</font><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;"> standard time at the Principal Address as set
forth in Item 1 of the Declarations. Except as above stated, nothing herein
shall be held to alter, waive or extend any of the terms of this Bond.<img align=left alt="Text Box: RX9.0-01 (1:02)&#13;&#10;&#13;&#10;" height=33 src="x11102812360703.gif" width=666></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





<a name="_bclFooter6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:18.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:18.0pt;">ICI MUTUAL INSURANCE COMPANY</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:12.0pt;letter-spacing:-.15pt;">&nbsp;</font></b></p>

<h3 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">INVESTMENT COMPANY BLANKET BOND</font></b></h3>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">(EXCESS BOND)</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">RIDER NO. 3</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">INSURED&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BOND
NUMBER</font></b><b><font face=Tahoma lang=EN-US style="font-size:8.5pt;"> &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Funds&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87142110B
&#160;&#160;&#160;&#160; </font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">EFFECTIVE DATE&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; POLICY
PERIOD&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; AUTHORIZED REPRESENTATIVE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma lang=EN-US style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>

<div style="border:none;border-bottom:double windowtext 2.25pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">September 30, 2011&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; July
15, 2011 to December 31, 2011&#160;  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; /S/ Maggie Sullivan</font></b></p>

</div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">In consideration of the premium charged for this Bond, it
is hereby understood and agreed that the expiration date of the Bond Period set
forth in Item 2 of the Declarations is hereby amended to be </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">12:01 a.m. on December 31</font><font face=Tahoma lang=EN-US style="font-size:10.0pt;">, 2011</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">standard
time at the Principal Address as set forth in Item 1 of the Declarations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;letter-spacing:-.1pt;">Except as above stated,
nothing herein shall be held to alter, waive or extend any of the terms of this
Bond.<img align=left alt="Text Box: RX9.0-01 (1:02)&#13;&#10;&#13;&#10;" height=33 src="x11102812360704.gif" width=666></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=center>

&nbsp;</div>
<a name="_bclFooter7"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<div align=center><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:4.5pt;width:588.599976pt;">
 <tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Bank and
  Thrift Opportunity Fund</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Investors Trust</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Bond Trust</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Municipal Securities Trust</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock California Tax-Free Income Fund</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Preferred Income Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Capital Series </font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Preferred Income Fund II</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Current Interest </font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Preferred Income Fund III</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Emerging Markets Income Fund</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Premium Dividend Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Flexible Income Opportunities Fund</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Series Trust</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Funds III</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Sovereign Bond Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Hedged Equity &amp; Income Fund</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Strategic Series </font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Income Securities Trust</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Tax-Advantaged Dividend Income Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Investment Trust</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;">John
  Hancock Tax-Advantaged Global Shareholder Yield Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Investment Trust II</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Tax-Exempt Series Fund</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=45% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">John Hancock Investment Trust III</font></b></p>
  </td>
 <td valign=top width=55% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="times new roman" style="font-size:11.0pt;letter-spacing:-.15pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

</div>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><i><font face="times new roman" lang=EN-US style="font-size:11.0pt;">(Collectively, the
&#8220;Trusts&#8221;)</font></i></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font face="times new roman" lang=EN-US style="font-size:14.0pt;">Approval of Extension of
Insurance Program Period</font></u></b></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:.5in;margin-top:0in;"><i><font face="times new roman" lang=EN-US style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:6.0pt;"><i><u><font face="times new roman" lang=EN-US style="font-size:14.0pt;">2010-2011 Fidelity Bond Coverage
Extension</font></u></i></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">RESOLVED</font></b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">, that the Board of
Trustees, including the Independent Trustees, hereby authorizes, empowers and
directs the officers of the Trusts, with the advice of counsel to the Trusts, to
procure an extension through December 31, 2011 of the Trusts&#8217; Fidelity Bond
conforming with the requirements of Rule 17g-1 under the 1940 Act, designed to
protect the Trusts against larceny and embezzlement;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="times new roman" lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">FURTHER
RESOLVED</font></b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">,
that the Board of Trustees, including the Independent Trustees, having given
due consideration to all relevant factors, including, but not limited to: (i)
the value of the aggregate assets of the Trusts to which any covered person may
have access, (ii) the types and terms of the arrangements made for the custody
and safekeeping of such assets, and (iii) the nature of the securities in the
Trusts&#8217; portfolios, hereby determines that an extension of the Fidelity Bond
through December 31, 2011, is reasonable in form and amount and hereby approves
such extension of the Fidelity Bond;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.1pt;">FURTHER
RESOLVED</font></b><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.1pt;">, that the Trustees, including the Independent Trustees,
hereby determine that the amount of each premium payment allocated to each
Trust and the method of allocation that was previously approved by the Trustees
are fair and reasonable to each Fund</font><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.15pt;">;&nbsp;</font></p>


<a name="_bclFooter8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader9"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.15pt;">FURTHER RESOLVED</font></b><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.15pt;">, </font><font face="times new roman" lang=EN-US style="font-size:14.0pt;">that the Board of
Trustees, including the Independent Trustees, hereby approves the premium for
the extension of the Fidelity Bond, and the payment of such premium by the
Trusts</font><font face="times new roman" lang=EN-US style="font-size:14.0pt;letter-spacing:-.15pt;">; and</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">FURTHER
RESOLVED, </font></b><font face="times new roman" lang=EN-US style="font-size:14.0pt;">that
the Secretary of the Trusts or his delegate shall file an amendment to the
Trusts&#8217; Fidelity Bond with the SEC and give the notices required by paragraph
(g) of Rule 17g-1 under the 1940 Act.</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-45.0pt;"><font face=Tahoma lang=EN-US style="font-size:14.0pt;">&nbsp;</font></p>


<a name="_bclFooter9"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:11.0pt;">Agreement Relating to Joint Insured Bond</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">WHEREAS, each of the parties
hereto is a named insured under a &#8220;joint insured bond,&#8221; as that term is defined
in Rule 17g-1 under the Investment Company Act of 1940 (the &#8220;1940 Act&#8221;); and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">WHEREAS, Rule 17g-1(f) under
the 1940 Act requires an agreement between all the named insureds under a joint
insured bond;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">NOW, THEREFORE, the parties
hereto hereby agree as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">In the event recovery is
received under the joint insured bond as a result of a loss sustained by any
two or more of the named insureds, each insured shall receive an equitable and
proportionate share of the recovery, but at least equal to the amount which it
would have received had it provided and maintained a single insured bond with
the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940
Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">IN WITNESS WHEREOF, each of
the parties hereto has caused this Agreement to be executed on its behalf by
the undersigned thereunto duly authorized on October 26, 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:309.799988pt;">
 <tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK VARIABLE
  INSURANCE TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">(formerly known as John
  Hancock Trust)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its Series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK FUNDS II</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its Series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">John HANCOCK FUNDS III</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK BOND TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK CAPITAL
  SERIES</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK CURRENT
  INTEREST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK INVESTMENT
  TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK INVESTMENT
  TRUST II</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">

  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK INVESTMENT
  TRUST III</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">On
  behalf of each of its series </font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK MUNICIPAL </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">SERIES TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK SERIES
  TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK SOVEREIGN
  BOND FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of its of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK STRATEGIC
  SERIES</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK TAX-EXEMPT </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">SERIES
  FUND</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK BANK AND
  THRIFT OPPORTUNITY FUND</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">on behalf of each of its
  series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK EMERGING
  MARKETS INCOME FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">on behalf of its of its
  series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK FLEXIBLE
  INCOME OPPORTUNITIES FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">on behalf of its of its
  series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK HEDGED
  EQUITY &amp; INCOME FUND </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">on behalf of its of its
  series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK INCOME </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">SECURITIES TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK INVESTORS
  TRUST</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK PREFERRED
  INCOME FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK PREFERRED
  INCOME</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">FUND II</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK PREFERRED
  INCOME</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">FUND III</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK PREMIUM
  DIVIDEND FUND </font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">(formerly known as John
  Hancock Patriot Premium Dividend Fund II)</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK
  TAX-ADVANTAGED DIVIDEND INCOME FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">on
  behalf of each of its series</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">JOHN HANCOCK
  TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Tahoma style="font-size:11.0pt;">on behalf of each of its
  series</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Tahoma style="font-size:11.0pt;">_______________________________________________</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">Executed
  on behalf of each Trust and its relevant Series referenced above:</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">By:</font></p>
  </td>
 <td valign=top width=74% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><u><font face=Tahoma style="font-size:11.0pt;">/s/ Betsy Anne Seel</font></u></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">Name:</font></p>
  </td>
 <td valign=top width=74% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">Betsy
  Anne Seel</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">Title:</font></p>
  </td>
 <td valign=top width=74% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Tahoma style="font-size:11.0pt;">Assistant
  Secretary</font></p>
  </td>
 </tr>
</table></div>


<a name="_bclFooter10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader11"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">STATEMENT
REGARDING SINGLE BOND AMOUNT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">If the investment companies shown below had not been named
as an insured under this joint insured bond, they would have provided and
maintained a single bond in the amount of at least:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Bank and Thrift Opportunity Fund &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $750,000&#160;
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Bond Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,250,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock California Tax-Free Income Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $750,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Capital Series&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,500,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Current Interest&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $750,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Emerging Markets Income Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $50,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Flexible Income Opportunities Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $50,000 </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Hedged Equity &amp; Income Fund &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $600,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Funds II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $2,500,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Funds III&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $2,500,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Income Securities Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $750,000
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Investors Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $600,000
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Investment Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $2,500,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Investment Trust II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,250,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Investment Trust III&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $400,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Municipal Securities Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $900,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Preferred Income Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,000,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Preferred Income Fund II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $900,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Preferred Income Fund III&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,000,000
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Premium Dividend Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,000,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Series Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $300,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Sovereign Bond Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,250,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Strategic Series&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $2,100,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Tax-Advantaged Dividend Income Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $1,250,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Tax-Advantaged Global Shareholder Yield Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $525,000</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Tax-Exempt Series Fund&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $600,000&#160;
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">John Hancock Variable Insurance Trust&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; $2,500,00</font></p>









<a name="_bclFooter11"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">PREMIUM PERIOD</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Premiums have been paid for the period </font><b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">July
15, 2011 to December 31, 2011</font></b><font face=Tahoma lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




<a name="_bclFooter12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face=Tahoma lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>x11102812360700.gif
<TEXT>
begin 644 x11102812360700.gif
M1TE&.#=AFP`S`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````FP`S`(<````%!04:&AH0$!`6%A8<'!P?'Q\!`0$'!P<1$1$;&QL7%Q<-
M#0T2$A(("`@/#P\>'AX='1T#`P,+"PL"`@(&!@83$Q,,#`P5%14)"0D4%!0$
M!`0.#@X9&1D*"@H8&!@R,C(K*RL@("`F)B8^/CXW-S<\/#PD)"0N+BXS,S,U
M-34B(B(Q,3$X.#@I*2D_/S\T-#0M+2TZ.CHH*"@Y.3D[.SLC(R,A(2$E)24L
M+"PG)R<]/3TP,#`O+R\J*BHV-C934U-,3$Q)24E24E)145%04%!$1$1<7%Q%
M145>7EY75U=?7U]:6EI!04%555565E945%1&1D9'1T=`0$!.3DY=75U"0D)+
M2TM;6UM86%A*2DI965E(2$A/3T]-34UK:VM]?7UL;&QT='1V=G9Y>7EE965@
M8&!P<'!O;V]^?GYM;6UC8V-B8F)Q<7%N;FY[>WMA86%Z>GIX>'AJ:FI_?W]D
M9&1R<G)U=75G9V=F9F9\?'QW=W=H:&AI:6F-C8V5E96)B8F.CHZ+BXN0D)",
MC(R:FIJ3DY.&AH:<G)R4E)2=G9V?GY^7EY>(B(B/CX^"@H*8F)B$A(2;FYN'
MAX>>GIZ2DI**BHJ!@8&1D9&#@X.6EI:`@("AH:&QL;&]O;VVMK:\O+R[N[NY
MN;FXN+BTM+2GIZ>JJJJNKJZLK*RMK:V@H*"KJZNUM;6RLK*OKZ^^OKZHJ*BP
ML+"BHJ*WM[>DI*2ZNKJIJ:FFIJ:_O[^SL[/>WM[%Q<7+R\O,S,S.SL[$Q,38
MV-C"PL+4U-37U]?!P<'?W]_;V]O=W=W&QL;1T='9V=G<W-S(R,C3T]//S\_-
MS<W#P\/*RLK5U=7'Q\?)R<G6UM;2TM+:VMK`P,#0T-#DY.3Z^OKM[>WS\_/Q
M\?'R\O+@X.#AX>'[^_OIZ>G]_?WHZ.C^_O[P\/#X^/CU]?7GY^?JZNKKZ^OB
MXN+CX^/V]O;N[N[O[^_W]_?EY>7Y^?GT]/3FYN;L[.S\_/S___\!`@,!`@,!
M`@,!`@,!`@,!`@,(_P#S"1Q(L*#!@P@3*ERH4-O"+YP82IQ(L:)%@[JV7=R8
M$``WA-P`=.)(LJ1)A&`",/1T,J&`3P?]`-B%$`BOECAS(@01)&&O$#H-"AE0
MT!<!D0?_`.@6M*G.7R`"A/$U$!@@$0`F@N)8(!B`(6*(&```8,S!$5F=DA2F
M=F`H,OE$E2%1PD29400D!CIP0M!&!`)]D?)6"L`)@]_(MMTX"`"*%(L)%3H(
M`!Q#$0GRF1EV4501@L04%RQ&-MQBBRJR&CJT6($X@P`0,01P(%^B,QN-&!LX
MCJRB@KK(+CI=<4567@L6'V-AD`&)V5D9';'8J($#``_0""0KH*`WLDB(4_^$
MD/43X,4`R!5LD59A!`#CTHBQ6#9?*-R.'),M5Y!L>_$+N0``,F<<MA@*HA2D
M!@!L*10&`$DH88I%$MR43P#F")0,64L4)`!9#0*H$!$`"%#`(Z>]<$I!J`#`
MQ$+*D+7`.1:ETH1`Q-RX'5GJ#;0&66R(N!`D9,&`SF+IA*%.0>N(II`$`)2Q
MD0O+;)=A/FB0%8,3`X7FI)`'L4,6),1Y0QD`I"PT!@`R<)26($'FDXY_^;3G
M'S-@)H0``,SEF0\2`,RP4&__T;?=0"R0U48^0)!)`UDO^'F0&U\*>0I9'ST)
M`",D,5!G@\S0F8\?3NPBJJ0$M4-6))*2]<1"-0#_X$!);PPPGT`3D`57/JK8
M0`%9C:!:4`65B@A"L069058S):W2GB2G&N*?!,(2!`=9R/C)"EEQ"'3,(G(0
M0A`4'.;3RG`#N;-*C_FXLIM!SDRPQ!P[`D#'0$?X]PM!@;"QSCN?[*MA1`*]
M\HQ!T(@Q"3P$@>)'-`6=0PDBF>8##5E1Y%,)754"Z-\C-_C7@!0/Y'-.!$F0
MA1998`BT!%F>3N%?/`6I*E`!EOSXI7\Q""0/%0!0,8\%`P#@BD`-D$4"*?Z]
M,9`\%P!0Q0%IP4)6%?7ELXT,9!TE3;V77&`%60T`B#4`5TPC)@"1UHD!%1>2
MY<<Y9,62CQIU;$-6`<7(_T+6:P/9/%`4_CDR$#6B8E%N/B@X)E`&X/AW1)..
MY_,.68/D4PZ999#%E`8`5+.@:`X`D\\&_OVQHP*GT5/'=:(Q`,`%`VT@D!UD
M[7N'8K,4D,\)M`DDQ%<$;7BE0.^1%<Q`!9`U1188["V0-635DP\-O\Q"%BWY
MU$*6+3O60!`>9*TC$+0IY`J`^0/AH*]`E`)03%OVL#!`-4ZPG`\F9(TC$#,:
MR,=W`!"L.@$`)EEQ!5F6Y(DOW:)0N".++,)`@!P`BBR9N`>1`$"C?.PI#_G0
M1(?(HB.RZ$`@+_B2',B2B($`0!D&7`-!<!#!EN&B>2!@BE.\H0,.)",?]A!5
M!_\`H`47[L8&`"A;/HP`@!74R7R*VM$L\N&.?%0A.011(%F,0)`$D`45.TJ"
M0+*4%7N4[`RB&9WU-$&62PQ$#T]P$B`LD(\6_><&S/`B`"#``B(L@EW&"(5.
MK@``8@PD>;@QX(KRX0*XY((LU<A'Y+*2@LEL058"4=8.!%(#"VRB(#(ABP@(
M8@NR=$`@ZBA?/EY!EHAD11QDN159Y)`/1<#`24Y(@S,`0`,<`2`=^<@$`+(@
M$'P`H!?0`H`C@H"!@LQ#8;=H";3<.!"F.0D(`,`#/!J0AAUQ02")\,^+@$&6
M=W$+2SC8`Q'_L(I(/,`_1.@/66"X(SJT82R\!`#-<B#_FK6%`0A2TE4P;J"*
M?'2C>EG2A4"T1P!P?`$`#"-+!@1"'H8)I!UQ2`7W2F*.!V0`'_+,)D':P(,B
ML(\6.4`!052`@XT.(02WTI@'`E""5@SD0?X!P`Z^1I!3&(`'?&A8"F!0T#ZP
M;7H3Z`#!1F4#)'`F']>(P@V80(^!!&,&$Z`700IA`!M,)A^68$$/J+(C@@C#
MIB4II=,*DH93$><=S3A&M4I""0!X("=2``!/0VJ&N?J5(J";SDE0AY`+%NJO
MB#U(*@%@(8[``P!Y.<@P_".EQ(*I'+^PA1_(L(8A1$$&/7"!"WR0@BETP0QC
M&`0S4G-8B@1G!`DI&K(LJQ-S_X!"#EI@@0$L@`,2>"$+;)C#&<Y@AS9\H0Q8
MH,(/5A"UG`+@`W6@Q9%<:YB$+,(_VJ%M6TXAC*J:1!VM<"X`PO`-AL0#L@K)
MJ7;7>Q`PV#4?P@BK8\K;D=8.9`[^"01[]TL0\D2`($KIT$'(HY`YD:4V_$VP
M`4]($#(HD2!T>*%"!$06;"@XP>4@"U&R&--\-,D0"G$664IP8043:BD$D0)!
M$/"#A:BWQ!?F@?X$TC.!*,*^`^F!?Z8(XPMGHPD2!<`H7,BIA.2'+%_HL9+C
MP9^!*$4AQO"/^)1,98(`()KU!0"#JUSEQ*27+#W@LIA+T4N$[`D`6Q"SF`/1
MAX/0C2\LL%"SF+$QRH*$$P`MD+.<+Y`$Z\&#$",VG9[E7`D79,`"1BCRH!?-
)Z$8[>M`!`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>x11102812360701.gif
<TEXT>
begin 644 x11102812360701.gif
M1TE&.#EA=@("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$```!T`@$`@`````````(7C(^IR^T/HYRTVHNSWKS[#X;B2)9F
$60``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>x11102812360702.gif
<TEXT>
begin 644 x11102812360702.gif
M1TE&.#EA=@("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$``0!T`@$`@`````````(7C(^IR^T/HYRTVHNSWKS[#X;B2)9F
$60``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>x11102812360703.gif
<TEXT>
begin 644 x11102812360703.gif
M1TE&.#EAF@(A`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+````P!*`AP`@0```````/___P$"`P+_E(^IR^T/HYRTVHNSWKS[
M#X;B2);FB:;JRK;N"\?R3-?VC>?ZSO?^#PP*A\2B\8A,*I?,IO,)C4JGU*KU
MBLUJM]RN]PL.B\?;P,,<09/7[+8[$8C'#VH#6EZGRQEXN*.>9R?09[<G^(:8
MJ)@%2.<XB)#7Z/=HN*!FZ=@X";GH^0F*Q`F)&4EY:/J(JB#)VKF*&A@Z2UL[
M,VI6JKH:B,OGZC?*:TM<;(R"UYL*N[GG>PE<N<Q\7&U]C7'G"DBXJ^S]>WK(
M.2>.?8Z>KJL9#BXNO#LL+_N:;G]O3![_JKW_'.VN7JX&]/`9/(BH5:M!Y6)E
MBF0I&;1"AKB52[8.H<:-.QP[%"QXIJ/(D233M*,`LJ3*E0A33G#),J;,F31K
@VKR),Z?.G3Q[^OP)-*C0H42+&CV*-*G2I4R;<B@``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>x11102812360704.gif
<TEXT>
begin 644 x11102812360704.gif
M1TE&.#EAF@(A`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+````P!*`AP`@0```````/___P$"`P+_E(^IR^T/HYRTVHNSWKS[
M#X;B2);FB:;JRK;N"\?R3-?VC>?ZSO?^#PP*A\2B\8A,*I?,IO,)C4JGU*KU
MBLUJM]RN]PL.B\?;P,,<09/7[+8[$8C'#VH#6EZGRQEXN*.>9R?09[<G^(:8
MJ)@%2.<XB)#7Z/=HN*!FZ=@X";GH^0F*Q`F)&4EY:/J(JB#)VKF*&A@Z2UL[
M,VI6JKH:B,OGZC?*:TM<;(R"UYL*N[GG>PE<N<Q\7&U]C7'G"DBXJ^S]>WK(
M.2>.?8Z>KJL9#BXNO#LL+_N:;G]O3![_JKW_'.VN7JX&]/`9/(BH5:M!Y6)E
MBF0I&;1"AKB52[8.H<:-.QP[%"QXIJ/(D233M*,`LJ3*E0A33G#),J;,F31K
@VKR),Z?.G3Q[^OP)-*C0H42+&CV*-*G2I4R;<B@``#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
