Unknown Organization

“The trust established under the plan to hold the plan's assets is intended to qualify pursuant to section 501(c)(9) of the internal revenue code, and, accordingly, the trust's net investment income is exempt from income taxes. The trust has obtained an ememption letter dated november 14, 1988, from the internal revenue service, and the company believes that the trust, as amended, continues to qualify and to operate in accordance with applicable requirements of the internal revenue code. Therefore, no provision for income taxes has been included in the plan's financial statements. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain postion that more likely than not would not be sustained upon examination by the department of labor or internal revenue service. The plan administrator has analyzed the tax postions taken by the plan, and has concluded that as of october 31, 2012, there are no uncertain postions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to reoutine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2010.”

“Plan additions to net assets paid from general assets of plan sponsor and not to employee benefit trust (veba)”

“Plan expenses paid from general assets of plan sponsor and not from employee benefit trust (veba)”