<SEC-DOCUMENT>0001104659-22-066287.txt : 20220531
<SEC-HEADER>0001104659-22-066287.hdr.sgml : 20220531
<ACCEPTANCE-DATETIME>20220531085237
ACCESSION NUMBER:		0001104659-22-066287
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		3
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20211231
</ITEM>
<ITEM>
<ITEM-NUMBER>1.02
<ITEM-PERIOD>20211231
</ITEM>
</RULE>
FILED AS OF DATE:		20220531
DATE AS OF CHANGE:		20220531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESPEY MFG & ELECTRONICS CORP
		CENTRAL INDEX KEY:			0000033533
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				141387171
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04383
		FILM NUMBER:		22980751

	BUSINESS ADDRESS:	
		STREET 1:		233 BALLSTON AVE
		STREET 2:		COR. CONGRESS & BALLSTON AVES.
		CITY:			SARATOGA SPRINGS
		STATE:			NY
		ZIP:			12866
		BUSINESS PHONE:		5185844100

	MAIL ADDRESS:	
		STREET 1:		233 BALLSTON AVE
		CITY:			SARATOGA SPRINGS
		STATE:			NY
		ZIP:			12866

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESPEY MANUFACTURING & ELECTRONICS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>tm2216913d1_sd.htm
<DESCRIPTION>FORM SD
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM SD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SPECIALIZED DISCLOSURE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Conflict Minerals Disclosure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: #1F497D"><IMG SRC="tm2216913d1_sdimg001.jpg" ALT="Espey email Logo" STYLE="height: 136px; width: 351px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>ESPEY MFG. &amp;
ELECTRONICS CORP.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEW YORK</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-04383</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>14-1387171</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or Other Jurisdiction of<BR>
Incorporation)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer Identification <BR>
Number)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 40%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.1pt 0pt 3.3pt; text-align: center"><B>233 Ballston Avenue</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.1pt 0pt 3.3pt; text-align: center"><B>Saratoga Springs, New York</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 40%; padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>12866</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding-right: 1.1pt; padding-left: 3.3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip Code)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Katrina Sparano</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Principal Financial Officer</B></P></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 49%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(518) 245-4400</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 1.1pt; padding-left: 3.3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;(Name and telephone number, including area code, of the person to contact in connection with this report.)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box to indicate the rule pursuant to which this
form is being filed, and provide the period to which the information in this form applies:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">Rule
13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2021.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Section 1- Conflict Minerals Disclosure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Item 1.01 Conflict Minerals Disclosure and
Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Espey Mfg. &amp; Electronics Corp. (the
 &ldquo;Company&rdquo;) has filed a Conflict Minerals Report for the calendar year ended December 31, 2021 as Exhibit 1.01 to this Specialized
Disclosure Report on Form SD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">A copy of Espey&rsquo;s Conflict Minerals Report is publicly available on the Company&rsquo;s website
at www.espey.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Item 1.02 Exhibit</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">A copy of Espey&rsquo;s Conflict Minerals Report as required by Item
1.01 is provided as Exhibit 1.01 hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B><U>Section 2 - Exhibits</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Item
2.01 Exhibit</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><A HREF="tm2216913d1_ex1-01.htm" STYLE="-sec-extract: exhibit">Exhibit 1.01 - Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form SD.</A></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>SIGNATURES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: May 31, 2022</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ESPEY MFG. &amp; ELECTRONICS CORP.</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 45%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 3%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 30%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 17%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Katrina Sparano</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Katrina Sparano</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal Financial Officer</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>tm2216913d1_ex1-01.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 1.01 Conflict Minerals Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: center; text-indent: -56.1pt"><B>Espey Mfg.
 &amp; Electronics Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: center; text-indent: -56.1pt"><B>Conflict Minerals
Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.1pt; text-align: center; text-indent: -56.1pt"><B>For The Year
Ended December 31, 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Conflict Minerals Report for Espey Mfg. &amp;
Electronics Corp. for the year ended December 31, 2021 is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934
(&ldquo;the Rule&rdquo;). The Rule was adopted by the Securities and Exchange Commission (SEC) to implement reporting and disclosure requirements
related to conflict minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). The
Rule imposes certain reporting obligations on SEC registrants whose manufactured products contain conflict minerals which are necessary
to the functionality or production of their products. Conflict Minerals are defined as cassiterite, columbite-tantalite, gold, wolframite,
and their derivatives, which are limited to tin, tantalum, tungsten, and gold (3TG) for the purposes of this assessment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Company Overview</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This disclosure has been prepared by management of Espey Mfg. &amp;
Electronics Corp., (herein referred to as &ldquo;Espey&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; or &ldquo;our&rdquo;).
Espey is a Power Electronics Design and Original Equipment Manufacturing (OEM) company with a long history of developing and delivering
highly reliable products for use in military and severe environment applications. All design, manufacturing, and testing is performed
in our 150,000+ square foot facility located at 233 Ballston Ave Saratoga Springs, New York 12866.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Products Overview</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During the reporting period from January 1, 2021 to December 31, 2021,
Espey identified the following products that may contain conflict minerals:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Power Supplies, Power Converters, Filters, Power Transformers, Magnetic
Components, Power Distribution Equipment, UPS Systems, and High Power Radar Systems.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Due Diligence Process - Reasonable Country of Origin Inquiry (RCOI) </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The company&rsquo;s due diligence framework has been designed to conform
to the Organization for Economic Co-operation and Development (&ldquo;OECD&rdquo;) Due Diligence Guidance for Responsible Supply Chains
of Minerals from Conflict-Affected and High-Risk Areas and the related supplements for Conflict Minerals. This process contains the following
five steps:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Step 1: Establish strong company management systems.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Step 2: Identify and assess risks in the supply chain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Step 3: Design and implement a strategy to respond to identified risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Step 4: Carry out independent third-party audit of supply chain due
diligence at identified points in the supply chain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Step 5: Report on supply chain due diligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In conducting our RCOI due diligence, Espey issued letters to our current
and active suppliers that provide components or engage in manufacturing activities that are likely to contain conflict minerals. This
letter explained the rules outlined by the SEC, and respectfully requested our suppliers forward their completed Conflict Materials Reporting
Template (CMRT), which is an industry-standard template for conflict mineral reporting developed by the Conflict-Free Sourcing Initiative
(CFSI). The following documents were attached to this mailing to all active Espey product related suppliers:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conflict Minerals Reporting Template CMRT 6.1</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A list of frequently asked questions &amp; answers to assist suppliers</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Step 1: Establish strong company management systems.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey has established a management system for complying with the applicable
SEC rules. The Espey management team, led by the Strategic Sourcing Manager, includes a team of subject matter experts from relevant functional
areas; such as, purchasing, quality control, engineering and manufacturing. The Strategic Sourcing Manager is responsible for implementing
the conflict minerals compliance strategy and briefing senior management on a regular basis regarding the results of our due diligence
efforts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Regarding the OECD requirement to strengthen engagement with suppliers,
Espey ensures that all Purchase Orders contain a mandatory flow-down statement requiring our suppliers to certify that their products
containing conflict minerals are not sourced from DRC or any adjoining country. Espey has established a rigorous compliance process consisting
of supplier documentation and a related records retention mechanism to ensure Espey can accurately report findings, support an outside
audit, and demonstrate SEC compliance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Step 2: Identify and assess risk in the supply chain.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The supply chain team analyzed and identified the suppliers, who during
calendar year 2021, provided products and component parts or who were suspected of engaging in manufacturing activities that are at risk
of containing conflict minerals necessary to the functionality or production of products manufactured.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Step 3: Design and implement a strategy to respond to identified
risks.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey issued a survey (Conflict Minerals Reporting Template CMRT 6.1)
to only those current and active suppliers identified as having provided products and component parts or who were suspected of engaging
in manufacturing activities that are likely to contain conflict minerals during calendar year 2021. The survey is used as a means to identify
what conflict minerals were used by the supplier and the source of those conflict minerals identified as having been used. A letter provided
to the supplier explained the rules outlined by the SEC, and respectfully requested our suppliers forward their completed Conflict Materials
Reporting Template (CMRT), which is an industry-standard template for conflict mineral reporting developed by the Conflict-Free Sourcing
Initiative (CFSI). The following documents were attached to this mailing to all active Espey product related suppliers:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Conflict Minerals Reporting Template CMRT 6.1</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A list of frequently asked questions &amp; answers to assist suppliers</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey shall continue to conduct a RCOI with our supply base as part
of our due diligence process by collecting and evaluating supplier responses using the industry established conflict minerals reporting
templates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As part of the Espey Purchase Order flow-down requirements, our suppliers
whose products contain conflict minerals are required to establish their own policies and perform due diligence with their supply base
by maintaining a management system consistent with the Organization for Economic Co-operation and Development (OECD) Due Diligence Guidance
for Responsible Supply Chains of Minerals from Conflict- Affected and High Risk-Areas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey believes in establishing and maintaining long-term relationships
with suppliers whenever possible. However, if Espey determines that a supplier is a reasonable risk to the flow-down requirements policy,
Espey shall require the supplier to undertake a suitable corrective action plan to remove the source and move to a conflict free source.
If suitable action is not taken, Espey shall procure product from an alternative and compliant source of supply. In addition, if Espey
determines that any of the components within our product line contain minerals from a mine or facility that is &ldquo;non-conflict free,&rdquo;
Espey shall transition to products that are &ldquo;conflict free.&rdquo; As such, Espey shall fully disclose and comply with any and all
SEC reporting requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Step 4: Carry out independent third-party audit of supply chain
due diligence at identified points in the supply chain.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey does not have any direct relationships with 3TG smelters and
refiners, nor do we perform direct audits of these entities that provide our supply chain with the 3TG component. Tracing materials back
to their mine of origin is a complex aspect of responsible sourcing that resides in our supply chain. By adopting joint industry programs
and outreach initiatives with our suppliers, Espey has determined that the smelters and refiners within our supply chain represent the
most reasonable known mine of origin information available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Step 5: Report on supply chain due diligence.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s Form SD and this report are publicly available
via the Investors section of the Company&rsquo;s website at <U>www.espey.com</U>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>4.</B></TD><TD STYLE="text-align: justify"><B>Results of Review&nbsp;</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Espey has conducted an analysis of our products
related to SEC defined &ldquo;conflict minerals,&rdquo; which are tin, tantalum, tungsten, and gold (3TG) and based on Espey&rsquo;s reasonable
country of origin inquiry (RCOI) efforts, Espey has determined that we have conducted our due diligence and assessed the risk but due
to the complexity of our Supply Chain and our high dependency on distribution networks, Espey is unable to definitively determine that
we are DRC Conflict Free. Espey will seek to ensure that minerals from the conflict region do not enter our supply chain, including requesting
reliable certificates of origin for all material that might possibly originate in conflict areas or adjacent countries.&nbsp;Espey has
insured a compliant supply chain and will continue to enforce and audit our process as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In support of this statement, Espey is providing
the supporting metrics outlining the results of our due diligence efforts. Espey identified key suppliers where the products supplied
are incorporated into our final product. Utilizing the criteria, we identified 210 suppliers selected for audit and issued Conflict Minerals
Reporting Template CMRT 6.1 to all 210. Espey has had an initial response rate of 57.1% of the suppliers that accounted for 77.7% of
the material received during this period (Exhibit 1). In order to achieve these results Espey leveraged supplier responses, supplier
websites and expanded to top suppliers that certified the previous reporting period.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit 1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
  <TR STYLE="background-color: #9BC2E6">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Questionnaires Sent</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Responses Acquired</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Totals:</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">210</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of Total Sent:</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">57.1%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">% Spend Totals:</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77.7%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As stated above, Espey RCOI due diligence efforts included utilizing
the standard Conflict Minerals reporting templates (CMRT) established by the Conflict-Free Sourcing Initiative (CFSI), and those templates
and relevant information were communicated to and returned from our suppliers allowing Espey to evaluate 120 Suppliers in the following
manner (Exhibit 2):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
  <TR STYLE="background-color: #9BC2E6">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 58%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #3</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unknown</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Do any of the smelters in their supply chain source the 3TG from the covered countries?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #9BC2E6">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #4</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unknown</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Do any of the smelters in your supply chain source the 3TG from conflict affected and high risk areas?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">94</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #9BC2E6">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #5</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unknown</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Does 100 percent of the 3TG originate from recycled or scrap sources?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">112</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #6</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">= 100%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&lt; 100%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: silver; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">What percentage of relevant suppliers have provided a response to your supply chain survey?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; background-color: silver; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #9BC2E6">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #7</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unknown</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Have you identified all of the smelters supplying the 3TG to your supply Chain?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CMRT Question #8</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #9BC2E6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #A6A6A6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Has all applicable smelter information received by your company been reported in this declaration?</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; background-color: #A6A6A6; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although Espey did not receive a 100% response rate from our suppliers,
it is our interpretation that we are compliant with the SEC reporting and disclosure requirements for calendar year 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Espey shall continue to conduct a RCOI with our supply base as part
of our due diligence process by collecting and evaluating supplier responses using the industry established conflict minerals reporting
templates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>5.</B></TD><TD STYLE="text-align: justify"><B>Additional Risk Mitigation</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As we continue to enhance our due diligence program, Espey shall take
the following steps to continue to mitigate any possible risk that could possibly support and benefit armed groups in the DRC or adjoining
countries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Enhance supplier communications and training, as required; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Follow-up with suppliers who failed to respond to the Espey surveys, or whose
responses were incomplete;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Identify and assess possible risks in the supply chain.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2216913d1_sdimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2216913d1_sdimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "( 5\# 2(  A$! Q$!_\0
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MOQ*BF?/(Z5T_@3Q-#X3\31ZI/ TZ(C+L4X/-<P.E+C->(>L>^_\ "_\ 3O\
MH#S_ /?P5N^$/BQ9^+=?32H=.E@=HV?>S@CBOF;:?0UZ)\% 1\18<C_EWD_I
M0*QV/Q_TZ1[/2M1528XV:)B.V>1FO":^S];T:RU_29]-OXA)!,N#Z@]B/<5\
M^^)O@MKVE2R2Z8!J%IDE=APX'N._X4 CF/"7CO6O!TK_ -GS*UO(<R02#*,?
M7V->M:)\>=,N2L>KV$MJQX,D1WK^76O";W3;W3I3%>VDUN^<;94*_P ZJT ?
M9^D:YIFNV@NM,O(KF(]T/(^H[5#XG_Y%;5?^O63_ -!-?*7A;Q1J'A768KZQ
MF90&'FQY^61>X(KZBU/4(M5\!7=_ ?W=Q8M(OME>E CY";[Q^M>D?!%E3QZ&
M9@H^SR<DX[5YNWWC]:?#/-;OOAE>-^FY&(-!1]I7&H6=K \T]U#'&@RS,X
MKY,\=:Q!KWC+4=0M3F"23"-_> XS^.*Q)KZ[G39-<S2+Z,Y(JO0(?"I>>-1U
M+ 5[K\8X6M_ASH,+?>21%/\ WQ7!_"[P9<>)O$D%S+"PTZT<22R$<,1T4>]>
ME?'OCPIIX_Z>_P#V4T ?/->H?#[XHV?@W0'T^?3Y9W:4ON5P!S7E]* 3T% S
MWS_A?^G?] >?_OX*[_P7XMA\9:*VI0VSVZB0Q[&.>E?(FT^AKZ0^!G_(BO\
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M?W\[37$IRSM0!3[U].^&A(/@E'YN=W]GR=?^!5\WZ1IEQK&JVVGVJ,\T[A%
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M@5CU&N/^*/\ R3C6/^N0_P#0A785Q_Q1_P"2<:Q_UR'_ *$* /E"O9?V?_\
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M-) 3^'K1>>(M&T_=]KU.UA*OY;!Y "&],4 :=<[XZTF[UWP;J.FV*JUS.@5
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
..4444 %%%% !1110!_]D!

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