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S. tJN drs pooo~ed~ ot dM lou ~ole~ io~ eM ps~poNS ist ion? ta trs A~do~ ior d» Losa IsaMd by
• Pa~. , .
. 6. O~ d~a~. ~b~cs~ Pa~ ior a4 ud a1l ap~ssN ia~+~e'ed. o~ wri~l ~ar b~ M~+~EtK ia~eerd by Par
N io~ ds~ eo e~s ta co~s~do~ wtel? vr b~ eea~o~ oE bocco~'s q~pi~tada~ ior. ud eM ~1da= ud a~t~atrsdoa +
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M•i.etw ~w~.~es. ~ T6e Uad~csip~ed cov~..aa aod a~roea day wt~bs~ eM pia wrieosa coosaac oE ~s Par , i
ee. Uad~arstssal wjli ao~ ~ •
l. Cceaoe. asars a ot6~eiwise sdiet b s~at u4 ~Pi0. ldad~e at ottiec ~6ru~a ~poa aap oE t~e tial ;
a aapWe per~os~l p~~ecq ot t~e Uadaesiped, w?at6ec ~o~w o~wa~ed ot La~toer ao4rii'ed. a~oept (a) liau ~ot t~ss~ ;
a ot5a ~o~reca~eaRal cbu~ aot delip~eat a~ 6eia~ oo~oes~ed i~ ~ood faitly o~ (b) Pr'~l~w ~owy lieaa ~poR ProP° I
: ecyr soqnired aioe~ t~e daos of t5e No~s. aad otber liaas ~poa a~ pcopertr at t5e das oi tis ~oqdsidoa tdeceo~ ~
~ 2.-~ a If Uadersi ~s • ' de~laro a diddead o~ sat~e ~stribntica Ia tal ~ 1
t ~ i~ ~ ~P~?da. P~~ +?U? ~ ~ .
atock, o~ p~rchase ~ e~ade~e aar ot jb cqutal sooct. or coi~otidaoe ar aerp wtt6 a~r ~ co~p~~r, oc ~a~e ey .
_ ~~?~ce, a~dr a ~oa;~dr. ~i?.nr o~ tow a?~• eo.r.. ~..~.:~o.~,~a o~e~.~. b~n? ~r a~- :
dirxd~ o~troUtat cr a~lia~ed with or ooaa+olkd bp Uadersi~af. oc ~ asr oEBoar. d'irec~or. cs a~plaTee o~E Uader-
~ ai~ed. or ot aaT a~ oospasr. (b) ~t Oida~j~ed is a p~ship a iadi~dral, a~ke aa~? ~avtbrtioa ot awats oE
. dre busisesa of Ua~decsigped, otbe~ tLaa ~easoaable ooopessatiaa ior aecvices. ar ~sloe shr ad~raaoe. ~oscdr a i~
• ~Cd1. b~ war oE loas.. i~~. boa~. oo~siuica. a otbenrisa. m ah putaer c~ of hs e~plo~rees. at b aay
oooP+ut~ di~ectl~ cc i~direcdr ooatroltia= o~ a~liatad wits or ooatrolkd bp Uidecslpsd.
' Bwsa oJ Ds
jade. ~ Tbe isdeb~edseas (~ludi~ pci~cipal. isoerest asd e~qpesses) stisU i~edi~t~elr beoo~e
dtie aed payaWc~ wttboot aotioe cr de~aad, rpoa tbe appointseat aE a reoei~res ot llquidato~. whet~et rdw~uep ar ia-
' ~I~tary, fo~ tlr~ Unde:si~red o~ for sa~r oi its pra~pe~q. a upos tbe 61iat ot a petitioa b~r ar apiast t5s Uadersip-
ed osdet tbe pe~ris'ioas ot an? Sta~a ia~ol~reacp law a mda tLe pe~vis'ass oE t~a &~aknp~cp Act of la98, u uead•
od. ar apoa t6e ~aldas b~r t1e Uadersl~ed oE u usi~t Ear t6e b~aefit of ia aedimra. Papee is aa6orised to
' daclara all a asp p~rt oE tbe isdeboedeess irediately d~e and palrabla rpo~ t5e ~ppeaist oE a~p oE the ~olbwiaa
ereata: (1) Failae+e t~ P~y ait~? patt of da iadebtedseas wbea da~ (2) ~oaperfoc~a~oe b~? tbe U~detsip?ed of a~?
s~eaaeat widy a~? ooadidca i~pwed bf'. Paree with raspect t~ tL~ iadcbced~ess; Papee'~ disoo+rar of dre
- Uadaai~d•s fiilnro in aap applicatioa ot tbe Usde~sip~d ~ Papeae o~ dtsclo~e aap fsct d~aaed b~r Pane ~o be
maLerisl or o~ tbe valnsg ~et~a o~ ia s~r of tba asid ajfre~aeata, or ia atr a~'idavit a ot~ do~b sobait~ed
. ia ooooectioa ~rit1 said appGcatiaa ar t~a iadeb~edn~aa. a ot u~r ~tscept~eseatatioa b~r. a~ babslE o~ a bc tba beaa
t~ 6t ot the Uadarai~ped; (4) ehe reagiuisatioa (ot1~ t1~ss a notpuizatiaa po~suut t~ a~r oE tLe po~isioaa oE t6e
Bankc~tq Act af 1898, u aaieaded) c~ ~ersa oc ooa~olidatioa of tlrs O~~il~ed (o~ ttia ~a1~ia= of sap sg~rea~e~lt
tbaefoc) witLort tba pria wcit~m oooseat ot Pa~; the Uadasi~dod's faih~s dolr ~ aoooray ~ Paree•a s~otir
faction. act such tiae a~s u Papee ~sr reqstre. fa aap oE tLa oolla~ral. a p~ooeeds thereo~ cosi~t iato the
. ooaarol of ehe Uadasiaoed; ar t6e iastitatic~ oE aa~ syit aUactia~ t~a Uakaiss~id dee~ed bp Pa~ to affect
adrersefr ita ia~aat ha~ ia t~a oolla~ad ar otherwi~e. Payee•a fail~ra to eserciae,~wp oE ita ria6b mda
' dus par~a~aph a6a11 aot oonstiatte a wu~r dreceoL ~
Upoa aoopapseat of i~aest ar snp iastallaeat oE p~iacipal wbea dse. t6e U~dersiped aad soraties atit6ori~e
~ the Pa~ to sell, at p461ic a pri~a~a sale. anp o~ all ooUa~aal daposited aad pr~o~ertr Pled~ed ~o s~re d~e P~T'
aeat of tLis Not~e, aod appi~ the peooe~da of ada. less e~a~e, b die pa~st ot tLis No~e.
1be aeairiq ri~hts ot Pa~ree aad its as~i~ns ~emder ahstl aot be i~ps~rod bq asp i~t=asce. relea~~ ~s-
a~wal. es~easion. a aodificatioa which Pa~ sar ~ant with ~eapect b tbe i~debtedaess a a~r paet t~erao~ or ia
' nspaet t~ tbe o~ltat~aai or is e~aspect e~ aap endorsa. Soannt~. a are+eq witbo~t ~otioe a cooseat of e5e Uada-
i i sii~ a+~ ~a. 6wrasoo~ a s~retp.
~ ; ~iTi~B Z baw l~+~aa~e ~ 1~ ~sd add Mai tL~ dq a~d ~r i~~
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I/Ile Ler~ebl ~ P~l~t ot t5ia No~oes
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