Neighborhood Lending Services Inc.

THE PURPOSES FOR WHICH NLS WAS ORGANIZED WERE: (I) TO RECEIVE, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHOUT PECUNIARY GAIN TO ITS MEMBERS; (II) TO MAKE LOANS FOR THE BENEFIT OF PERSONS OF LOW-MODERATE INCOME WHO RESIDE PRIMARILY IN TARGETED NEIGHBORHOODS FOR IMPROVEMENTS TO THEIR RESIDENCY;(III) TO STEM OR OTHERWISE PREVENT DETERIORATION OF EXISTING HOUSING STOCK IN TARGETED NEIGHBORHOODS;(IV) TO PROVIDE IMPROVED HOUSING OPPORTUNITIES FOR PERSONS OF LOW- AND MODERATE-INCOME.