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tline briefly any other material features roposed modification or exchange. If of proposed action is set forth in a written. t, file copies thereof with the Commission ance with Rule 14a-6.

Mergers, Consolidations, Acquisitions Similar Matters.

sh the following information if action is ken with respect to any plan for (i) the or consolidation of the issuer into or with er person or of any other person into or = issuer, (ii) the acquisition by the issuer of its security holders of securities of ansuer, (iii) the acquisition by the issuer ther going business or of the assets thereof, sale or other transfer of all or any subpart of the assets of the issuer, or (v) idation or dissolution of the issuer: Outline briefly the material features of the State the reasons therefor, the general efreof upon the rights of existing security and the vote needed for its approval. lan is set forth in a written document, file s thereof with the Commission at the time nary copies of the proxy statement and proxy are filed pursuant to Rule 14a-6

Furnish the following information as to rson (other than totally-held subsidiaries ssuer) which is to be merged into the issuer or with which the issuer is to be merged olidated or the business or assets of which be acquired or which is the issuer of seto be acquired by the issuer in exchange or a substantial part of its assets or to be d by security holders of the issuer. Describe briefly the business of such person. ation is to be given regarding pertinent s such as the nature of the products or s, methods of production, markets, methods ribution and the sources and supply of raw als.

State the location and describe the general ter of the plants and other important physioperties of such person. The description be given from an economic and business oint, as distinguished from a legal stand

(3) Furnish a brief statement as to dividends in arrears or defaults in principal or interest in respect of any securities of the issuer or of such person, and as to the effect of the plan thereon and such other information as may be appropriate in the particular case to disclose adequately the nature and effect of the proposed action.

(c) As to each class of securities of the issuer, or of any person specified in paragraph (b), which is admitted to dealing on a national securities exchange or with respect to which a market otherwise exists, and which will be materially affected by the plan, state the high and low sale prices (or, in the absence of trading in a particular period, the range of the bid and asked prices) for each quarterly period within two years. This information may be omitted if the plan involves merely the liquidation or dissolution of the issuer. Item 15. Financial Statements.

(a) If action is to be taken with respect to any matter specified in item 12, 13, or 14 above, furnish certified financial statements of the issuer and its subsidiaries such as would currently be required in an original application for the registration of securities of the issuer under the Act. All schedules other than the schedules of supplementary profit and loss information may be omitted.

Instruction. Such statements shall be prepared and certified in accordance with Regulation S-X.

(b) If action is to be taken with respect to any matter specified in item 14 (b), furnish financial statements such as would currently be required in an original application by any person specified therein for registration of securities under the Act. Such statements need not be certified and all schedules other than the schedules of supplementary profit and loss information may be omitted. However, such statements may be omitted for (i) a totally-held subsidiary of the issuer which is included in the consolidated statement of the issuer and its subsidiaries, or (ii) a person which is to succeed to the issuer or to the issuer and one or more of its totally-held subsidiaries under such circumstances that Form 8-B would be appropriate for registration of securities of such person issued in exchange for listed securities of the issuer.

(c) Notwithstanding paragraphs (a) and (b) above, any or all of such financial statements which are not material for the exercise of prudent judgment in regard to the matter to be acted upon may be omitted if the reasons for such omission are stated. Such financial statements are deemed material to the exercise of prudent judgment in the usual case involving the authorization or issuance of any material amount of senior securities, but are not deemed material in cases involving the authorization or issuance of common stock, otherwise than in exchange.

(d) The proxy statement may incorporate by reference any financial statements contained in an annual report sent to security holders pursuant to Rule 14a-3 with respect to the same meeting as that to which the proxy statement relates, provided such financial statements substantially meet the requirements of this item.

Item 16. Acquisition or Disposition of Property.

If action is to be taken with respect to the acquisition or disposition of any property, furnish the following information:

(a) Describe briefly the general character and location of the property.

(b) State the nature and amount of consideration to be paid or received by the issuer or any subsidiary. To the extent practicable, outline briefly the facts bearing upon the question of the fairness of the consideration.

(c) State the name and address of the transferor or transferee, as the case may be, and the nature of any material relationship of such person to the issuer or any affiliate of the issuer.

(d) Outline briefly any other material features of the contract or transaction.

Item 17. Restatement of Accounts.

If action is to be taken with respect to the restatement of any asset, capital, or surplus account of the issuer, furnish the following information: (a) State the nature of the restatement and the date as of which it is to be effective.

(b) Outline briefly the reasons for the restatement and for the selection of the particular effective date.

(c) State the name and amount of a SCH (including any reserve accounts) affecte restatement and the effect of the thereon.

(d) To the extent practicable, state the extent, if any, to which, the restata as of the date thereof, alter the amount for distribution to the holders of equity

Item 18. Action With Respect to Repr If action is to be taken with respect to of the issuer or of its directors, offices mittees or any minutes of meeting of holders, furnish the following informa

(a) State whether or not such action stitute approval or disapproval of matters referred to in such reports or

(b) Identify each of such matters r intended will be approved or disappr furnish the information required by the priate item or items of this schedule to each such matter.

Item 19. Matters Not Required To B mitted.

If action is to be taken with respect t ter which is not required to be submitted of security holders, state the nature of su the reasons for submitting it to a vote cfs holders and what action is intended to be the management in the event of a negative the matter by the security holders. Item 20. Amendment of Charter, By

Other Documents.

If action is to be taken with respec amendment of the issuer's charter, by-laws documents as to which information is not above, state briefly the reasons for and effect of such amendment and the vote ne its approval.

Item 21. Other Proposed Action.

If action is to be taken with respect to ter not specifically referred to abore, de briefly the substance of each such matter stantially the same degree of detail as s by items 5 to 20, inclusive, above.

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ULE 14B-INFORMATION TO BE INCLUDED IN STATEMENTS FILED OR ON BEHALF OF A PARTICIPANT (OTHER THAN THE ISSUER) A PROXY SOLICITATION PURSUANT TO RULE 14a-11 (c)

every item. If an item is inapplicable swer is in the negative, so state. The in1 called for by items 2 (a) and 3 (a) or nmary thereof is required to be included liminary soliciting material by Rule 14a

Issuer. State the name and address of

ssuer.

Identity and Background. cate the following:

our name and business address.

our present principal occupation or emt and the name, principal business and of any corporation or other organization such employment is carried on. tate the following: ́our residence address.

information as to all material occupations, s, offices or employments during the last s, giving starting and ending dates of each name, principal business and address of iness corporation or other business organin which each such occupation, position, employment was carried on.

tate whether or not you are or have been ipant in any other proxy contest involving other issuers within the past ten years. If tify the principals, the subject matter and lationship to the parties and the outcome. State whether or not, during the past ten -ou have been convicted in a criminal pro: (excluding traffic violations or similar eanors) and, if so, give dates, nature of ion, name and location of court, and penalty d or other disposition of the case. A negaswer to this sub-item need not be included proxy statement or other proxy soliciting al.

. Interests in Securities of the Issuer. State the amount of each class of securities issuer which you own beneficially, directly irectly.

State the amount of each class of securities issuer which you own of record but not cially.

(c) State with respect to the securities specified in (a) and (b) the amounts acquired within the past two years, the dates of acquisition and the amounts acquired on each date.

(d) If any part of the purchase price or market value of any of the shares specified in paragraph (c) is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding such securities, so state and indicate the amount of the indebtedness as of the latest practicable date. If such funds were borrowed or obtained otherwise then pursuant to a margin account or bank loan in the regular course of business of a bank, broker or dealer, briefly describe the transaction, and state the names of the parties.

(e) State whether or not you are a party to any contracts, arrangements or understandings. with any person with respect to any securities of the issuer, including but not limited to joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profits, division of losses or profits, or the giving or withholding of proxies. If so, name the persons with whom such contracts, arrangements, or understandings exist and give the details thereof.

(f) State the amount of securities of the issuer owned beneficially, directly or indirectly, by each of your associates and the name and address of each such associate.

(g) State the amount of each class of securities of any parent or subsidiary of the issuer which you own beneficially, directly or indirectly.

Item 4. Further Matters.

(a) Describe the time and circumstances under which you became a participant in the solicitation and state the nature and extent of your activities or proposed activities as a participant.

(b) Furnish for yourself and your associates the information required by item 7 (f) of Schedule 14A.

(c) State whether or not you or any of your associates have any arrangement or understanding with any person

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EXEMPTION OF CERTAIN SECURITIES FROM SECTION 15 (a

Rule 15a-1. Exemption of Individual Notes or
Bonds Secured by Lien on Real Estate
From Section 15 (a).

Evidences of indebtedness secured by mortgage, deed of trust, or other lien upon real estate or upon leasehold interests therein where the entire mortgage, deed of trust, or other lien is transferred with the entire evidence of indebtedness are hereby exempted from the operation of section 15 (a) of the Securities Exchange Act of 1934, as amended. Rule 15a-2. Exemption of Certain Securities of Cooperative Apartment Houses From Section 15 (a).

Shares of a corporation which represents ownership, or entitle the holders thereof to possession and occupancy, of specific apartment units in property owned by such corporations and organized and operated on a cooperative basis are hereby

exempted from the operation of section the Act, when such shares are sold by a a real estate broker licensed under the in“ political subdivision in which the p located.

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Rule 15a.-3. Exemption of Specialise
Purchases and Sales

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Securities registered or exempt from tion on a national securities exchange r exempted from the operation of section re the Act when they are bought or sold of reg of such exchange in a block by a specias the tered in such security and the transacti ing such securities has been approved by change pursuant to its rules to assist the th to maintain a fair and orderly market security on such exchange.

REGISTRATION OF BROKERS AND DEALERS

Rule 15b-1. Application for Registration of
Broker or Dealer.

An application for registration of a broker or dealer, pursuant to section 15 (b), shall be filed on Form BD in accordance with the instructions contained therein.

Rule 15b-2. Supplements and Amendments to
Applications.

(a) Every broker or dealer whose application for registration is effective on March 1, 1954, or is pending on that date, shall file a supplement to such application on Form BD not later than September 1, 1954; provided, however, that if any in

formation in such application is or bec curate for any reason prior to Septembe such supplement shall be filed when such tion is or becomes inaccurate.

(b) If the information contained in cation for registration of a broker or dar any supplement or amendment theret comes inaccurate for any reason, such dealer shall promptly file an amendmen BD correcting such information; pros ever, that if the application for regist filed on any form other than Form B supplement required by paragraph (4 rule has been filed, amendments nee

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ery supplement and amendment filed to this rule shall constitute, within the ›f section 15 (b) of the Act, a "document ital" to the application which it suppleamends.

-3. Adoption of Application Filed by

ecessor.

ration of a broker or dealer pursuant to ation filed on behalf of such broker or a predecessor shall terminate on the 45th the effective date thereof unless the suc11 adopt the application as its own by atement adopting such application on or h date. Any statement adopting such an n shall constitute a representation to the on that the information contained in lication, and in the supplements and nts thereto, is true and correct."

-4. Registration of Successor to RegisBroker or Dealer.

the event that broker or dealer sucand continues the business of another I broker or dealer, the registration of cessor shall be deemed to remain effece registration of the successor for a pe0 days after such succession, provided pplication for registration on Form BD such successor within 30 days after such

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of a court of competent jurisdiction to continue the business of such registered broker or dealer: provided, that such fiduciary files with the Commission, within 30 days after entering upon the performance of his duties, a statement setting forth as to such fiduciary substantially the information required by Form BD.

Rule 15b-6. Withdrawal From Registration.

If a notice to withdraw from registration is filed by a broker or dealer pursuant to section 15 (b), it shall become effective on the thirtieth day after the filing thereof with the Commission, unless prior to its effective date the Commission institutes a proceeding pursuant to section 15 (b) to revoke or suspend the registration of such broker or dealer or to impose terms and conditions upon such withdrawal. If the Commission institutes such a proceeding, or if a notice to withdraw from registration is filed with the Commission at any time subsequent to the date of the issuance of a Commission order instituting proceedings pursuant to section 15 (b) to revoke or suspend the registration of the broker or dealer filing such notice, and during the pendency of such a proceeding, the notice to withdraw shall not become effective except at such time and upon such terms and conditions as the Commission deems necessary or appropriate in the public interest or for the protection of investors. Rule 15b-7. Consent to Service of Process To Be Furnished by Non-resident Brokers or Dealers and By Non-resident General Partners or Managing Agents of Brokers or Dealers.

(a) Each non-resident broker or dealer registered or applying for registration pursuant to section 15 (b) of the Securities Exchange Act of 1934, each non-resident general partner of a broker or dealer partnership which is registered or applying for registration, and each non-resident managing agent of any other unincorporated broker or dealer which is registered or applying for registration, shall furnish to the Commission, in a form prescribed by or acceptable to it, a written irrevocable consent and power of attorney which (1) designates the Securities and Exchange Commission as an agent upon whom may be served any process, pleadings, or other papers in any civil suit or action brought in any appropriate

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