THE FRIENDS OF JAY DION MEMORIAL SCHOLARSHIP FUND INC

THE FRIENDS OF JAY DION MEMORIAL SCHOLARSHIP FUND, INC. (THE "FUND") WAS CREATED TO AWARD SCHOLARSHIPS TO STUDENTS PURSUING POST-SECONDARY EDUCATION AND GRADUATING FROM ALGONQUIN HIGH SCHOOL, A PUBLIC REGIONAL HIGH SCHOOL IN NORTHBOROUGH, MASSACHUSETTS. THE FUND WAS FORMED IN HONOR OF JAY DION, A LONGTIME RESIDENT OF NORTHBOROUGH. TO HONOR JAY'S MEMORY, THE FUND WILL OPERATE A SCHOLARSHIP PROGRAM. THE FUND INITIALLY INTENDS TO AWARD TWO SCHOLARSHIPS OF $2,500 ON AN ANNUAL BASIS.