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Ðà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÐ $,t'2 Ðà  àà ` àòòà ¸ àà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àÌà  à(15)à ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àˆÐ ^ Ðà  àà ` àòòà ¸ àà€(#(#˜(#àóóà€@(#(#˜(#àà @` àˆÌà  àà ` àòòà€(#(#˜(#àóóà @` àà @¸ àˆÌà  àà ` àòòà€(#(#˜(#àóóà @` àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  à(16)à ` àòòà€(#(#˜(#àóóˆÐ  P Ðà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌNote:€€In€addition€to€the€above€risks,€businesses€are€often€subject€to€risks€not€foreseen€or€fully€appreciated€byÏmanagement.€€In€reviewing€this€Disclosure€Document€potential€investors€should€keep€in€mind€other€possible€risks€thatÏcould€be€important.ÌÌÌà@llKìàò òÔ  ÔBUSINESS€AND€PROPERTIESÔ ï<Ôó óˆÐ ®þ ÐÌ3.à  àWith€respect€to€the€business€of€the€Company€and€its€properties:Ð B’ ÐÌà  à(a)à0 ` àDescribe€in€detail€òòwhatóó€business€the€Company€does€and€proposes€to€do,€including€what€products€orÐ Ö& Ðgoods€are€or€will€be€produced€or€services€that€are€or€will€be€rendered.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àòòˆÌÌóóÌà  à(b)à0 ` àDescribe€òòhowóó€these€products€or€services€are€to€be€produced€or€rendered€and€how€and€when€theÐ â!2% ÐCompany€intends€to€carry€out€its€activities.€€If€the€Company€plans€to€offer€a€new€product(s),€state€theÏpresent€stage€of€development,€including€whether€or€not€a€working€prototype(s)€is€in€existence.€ÏIndicate€if€completion€of€development€of€the€product€would€require€a€mate‚rial€amount€of€theÏresources€of€the€Company,€and€the€estimated€amount.€€If€the€Company€is€or€is€expected€to€beÏdependent€upon€one€or€a€limited€number€of€suppliers€for€essential€raw€materials,€energy€or€otherÏitems,€describe.€€Describe€any€major€existing€supply€contracts.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÐ $,t'2 Ðóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌà  àÌ(c)à0  àDescribe€the€industry€in€which€the€Company€is€selling€or€expects€to€sell€its€products€or€services€and,€whereÐ ¢ò Ðapplicable,€any€recognized€trends€within€that€industry.€€Describe€that€part€of€the€industry€and€the€geographicÏarea€in€which€the€business€competes€or€will€compete.Ð (#(# ÐÌà0  àà0` (#(#àIndicate€whether€competition€is€or€is€expected€to€be€by€price,€service,€or€other€basis.€€Indicate€(byÏattached€table€if€appropriate)€the€current€or€anticipated€prices€or€price€ranges€for€the€Company'sÏproducts€or€services,€or€the€formula€for€determining€prices,€and€how€these€prices€compare€with€thoseÏof€competitors'€products€or€services,€including€a€description€of€any€variations€in€product€or€serviceÏfeatures.€€Name€the€principal€competitors€that€the€Company€has€or€expects€to€have€in€its€area€ofÏcompetition.€€Indicate€the€relative€size€and€financial€and€market€strengths€of€the€Company'sÏcompetitors€in€the€area€of€competition€in€which€the€Company€is€or€will€be€operating.€€State€why€theÏCompany€believes€that€it€can€effectively€compete€with€these€and€other€companies€in€its€area€ofÏcompetition.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà0  àNote:€€Because€this€Disclosure€Document€focuses€primarily€on€details€concerning€the€Company€rather€thanÏthe€industry€in€which€the€Company€operates€or€will€operate,€potential€investors€may€wish€to€conduct€their€ownÏseparate€investigation€of€the€Company's€industry€to€obtain€broader€insight€in€assessing€the€Company'sÏprospects.Ð (#(# ÐÌà  à(d)à0 ` àDescribe€specifically€the€marketing€strategies€the€Company€is€employing€or€will€employ€inÐ „Ô" Ðpenetrating€its€market€or€in€developing€a€new€market.€€Set€forth€in€response€to€Question€4€below€theÏtiming€and€size€of€the€results€of€this€effort€which€will€be€necessary€in€order€for€the€Company€to€beÏprofitable.€€Indicate€how€and€by€whom€its€products€or€services€are€or€will€be€marketed€(such€as€byÏadvertising,€personal€contact€by€sales€representatives,€etc.),€how€its€marketing€structure€operates€orÏwill€operate€and€the€basis€of€its€marketing€approach,€including€any€market€studies.€€Name€anyÏcustomers€that€account€for,€or€based€upon€existing€orders€will€account€for,€a€major€portion€(20%€orÏmore)€of€the€Company's€sales.€€Describe€any€major€existing€sales€contracts.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÐ $,t'2 Ðà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌ(e)à0  àState€the€backlog€of€written€firm€orders€for€products€and/or€services€as€of€a€recent€date€(within€the€last€90€days)Ð ” ä  Ðand€compare€it€with€the€backlog€of€a€year€ago€from€that€date.Ð (#(# ÐÌà  àà ` àAs€of:à ¸ àòòà  àóó/òòà h àóó/òòà À àóó€$òòà  àóó€€Ð òB  Ðà  àà ` à€€€€€€€€€€€(a€recent€date)ÌÌà  àà ` àAs€of:à ¸ àòòà  àóó/òòà h àóó/òòà À àóó€$òòà  àóó€€Ð P   Ðà  àà ` à€€€€€€€€€€(one€year€earlier)ÌÌà  àà0 ` àExplain€the€reason€for€significant€variations€between€the€two€figures,€if€any.€€Indicate€what€types€andÏamounts€of€orders€are€included€in€the€backlog€figures.€€State€the€size€of€typical€orders.€€If€theÏCompany's€sales€are€seasonal€or€cyclical,€explain.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌÌà  à(f)à0 ` àState€the€number€of€the€Company's€present€employees€and€the€number€of€employees€it€anticipates€itÐ ð@  Ðwill€have€within€the€next€12€months.€€Also,€indicate€the€number€by€type€of€employee€(i.e.,€clerical,Ïoperations,€administrative,€etc.)€the€Company€will€use,€whether€or€not€any€of€them€are€subject€toÏcollective€bargaining€agreements,€and€the€expiration€date(s)€of€any€collective€bargainingÏagreement(s).€€If€the€Company's€employees€are€on€strike,€or€have€been€in€the€past€three€years,€or€areÏthreatening€to€strike,€describe€the€dispute.€€Indicate€any€supplemental€benefits€or€incentiveÏarrangements€the€Company€has€or€will€have€with€its€employees.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóà @¸ àà @ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòòòà€(#(#˜(#àóóóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÐ $,t'2 Ðà  àà ` àÌà  à(g)à0 ` àDescribe€generally€the€principal€properties€(such€as€real€estate,€plant€and€equipment,€patents,€etc.)€thatÐ zÊ Ðthe€Company€owns,€indicating€also€what€properties€it€leases€and€a€summary€of€the€terms€under€thoseÏleases,€including€the€amount€of€payments,€expiration€dates€and€the€terms€of€any€renewal€options.€ÏIndicate€what€properties€the€Company€intends€to€acquire€in€the€immediate€future,€the€cost€of€suchÏacquisitions€and€the€sources€of€financing€it€expects€to€use€in€obtaining€these€properties,€whether€byÏpurchase,€lease€or€otherwise.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóà @¸ àà @ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà @¸ àà @ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(h)à0 ` àIndicate€the€extent€to€which€the€Company's€operations€depend€or€are€expected€to€depend€upon€patents,Ð ®þ Ðcopyrights,€trade€secrets,€know„how€or€other€proprietary€information€and€the€steps€undertaken€toÏsecure€and€protect€this€intellectual€property,€including€any€use€of€confidentiality€agreements,Ïcovenants„not„to„compete€and€the€like.€€Summarize€the€principal€terms€and€expiration€dates€of€anyÏsignificant€license€agreements.€€Indicate€the€amounts€expended€by€the€Company€for€research€andÏdevelopment€during€the€last€fiscal€year,€the€amount€expected€to€be€spent€this€year€and€what€percentageÏof€revenues€research€and€development€expenditures€were€for€the€last€fiscal€year.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌà  à(Ô_ÔiÔ_Ô)à0 ` àIf€the€Company's€business,€products,€or€properties€are€subject€to€material€regulation€(includingÐ N ž# Ðenvironmental€regulation)€by€federal,€state,€or€local€governmental€agencies,€indicate€the€nature€andÏextent€of€regulation€and€its€effects€or€potential€effects€upon€the€Company.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(j)à0 ` àState€the€names€of€any€subsidiaries€of€the€Company,€their€business€purposes€and€ownership,€andÐ $,t'2 Ðindicate€which€are€included€in€the€Financial€Statements€attached€hereto.€€If€not€included,€or€if€includedÏbut€not€consolidated,€please€explain.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àòòˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àòòˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌÌóóà  à(k)à0 ` àSummarize€the€material€events€in€the€development€of€the€Company€(including€any€material€mergersÐ †Ö  Ðor€acquisitions)€during€the€past€five€years,€or€for€whatever€lesser€period€the€Company€has€been€inÏexistence.€Discuss€any€pending€or€anticipated€mergers,€acquisitions,€spin„offs€or€Ô_ÔrecapitalizationsÔ_Ô.€ÏIf€the€Company€has€recently€undergone€a€stock€split,€stock€dividend€or€recapitalization€in€anticipationÏof€this€offering,€describe€(and€adjust€historical€per€share€figures€elsewhere€in€this€DisclosureÏDocument€accordingly).Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòòòà€(#(#˜(#àóóóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌ4.à  à(a)à0 ` àIf€the€Company€was€not€profitable€during€its€last€fiscal€year,€list€below€in€chronological€order€theÐ „Ô" Ðevents€which€in€management's€opinion€must€or€should€occur€or€the€milestones€which€in€management'sÏopinion€the€Company€must€or€should€reach€in€order€for€the€Company€to€become€profitable,€andÏindicate€the€expected€manner€of€occurrence€or€the€expected€method€by€which€the€Company€willÏachieve€the€milestones.Ð ` (#` (# ÐÔ*qƒ dd( dd ( dd ( dd °(#°(#qÔÔ,Tdd ÔÔ,` dd ÔÔ,d dd ÔÔ,` dd ÔÔ+  ÔÐ ," v#Æ' €Ð€‚x‚ƒƒ„„,ÐÐ  î#>( „„ÐÌÌà@ää!´ àòò€€€€€€€€Event€or€Milestone€€€€€€€€óóˆÐ  ‚%Ò + „„ÐÌà@ððMàExpected€manner€of€occurrenceˆÌà@Làòò€€€or€method€of€achievement€€€óó€ˆÐ  ‚%Ò . „„Ðà@ððxxàDate,€or€number€of€monthsˆÌà@99wxàafter€receipt€of€proceeds,ˆÌà@‹‹wxàòòwhen€should€be€accomplishedóóˆÐ 6,‚%Ò 1 x Ð €˜€‚x‚ƒƒ„„6Ðà@xxÚà(1)ˆÐ  Ä&"2 „„Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ä&"3 Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ž'Þ"4 Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ X(¨#5 Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  ")r$6 „„Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ä&"7 Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ž'Þ"8 Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ X(¨#9 Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  ")r$: „„Ðà@oorxàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆâ âÐ 6,Ä&"; x ˜ €˜€‚x‚ƒƒ„„6Ðà@xxÚà(2)ˆÐ  (x „„Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ (x Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ òB Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ¼  Ðâ âà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  †Ö „„Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ (x Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ òB Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ¼  Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  †Ö  „„Ðà@oorxàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 6,(x  x ˜ €˜€‚x‚ƒƒ„„6Ðà@xxÚà(3)ˆÐ  È  „„Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ È  Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ’ â  Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ \ ¬ Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  & v „„Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ È Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ’ â Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ \ ¬ Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  & v „„Ðà@oorxàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 6,È x ˜ €˜€‚x‚ƒƒ„„6Ðà@xxÚà(4)ˆÐ  h ¸ „„Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ h ¸ Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 2 ‚ Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ü L  Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  Æ  „„Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ h ¸ Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 2 ‚ Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ ü L  Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  Æ  „„Ðà@oorxàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 6,h ¸ x ˜ €˜€‚x‚ƒƒ„„6Ðà@xxÚà(5)ˆÐ  X  „„Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ X  Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ò" ! Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ œì " Ðà@«« ´ àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  f¶ # „„Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ X $ Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ Ò" % Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ œì & Ðà@  Iàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  f¶ ' „„Ðà@oorxàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ$X ( x ˜  $ÐÌÌà  à(b)à0 ` àState€the€probable€consequences€to€the€Company€of€delays€in€achieving€each€of€the€events€orÐ Ä* Ðmilestones€within€the€above€time€schedule,€and€particularly€the€effect€of€any€delays€upon€theÏCompany's€liquidity€in€view€of€the€Company's€then€anticipated€level€of€operating€costs.€€(SeeÏQuestions€11€and€12.)Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà @¸ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà0  àNote:€After€reviewing€the€nature€and€timing€of€each€event€or€milestone,€potential€investors€should€reflect€uponÏwhether€achievement€of€each€within€the€estimated€time€frame€is€realistic€and€should€assess€the€consequencesÏof€delays€or€failure€of€achievement€in€making€an€investment€decision.Ð (#(# ÐÌÌà@||Kìàò òÔ  ÔOFFERING€PRICE€FACTORSÔ dÔó óˆÐ ´'#B ÐÌà0  àIf€the€securities€offered€are€common€stock,€or€are€exercisable€for€or€convertible€into€common€stock,€theÏfollowing€factors€may€be€relevant€to€the€price€at€which€the€securities€are€being€offered.Ð (#(# ÐÌ5.à0  àWhat€were€net,€after„tax€earnings€for€the€last€fiscal€year?€€(If€losses,€show€in€parenthesis.)Ц+ö&G(#(# ÐÐ p,À'H Ðà  àTotal€$òòà ` àà ¸ àà  àà h àà À àóóà  à€($òòà p àà È àà  àà x àà Ð àóó€per€€share)Ð ° ÐÌ6.à0  àIf€the€Company€had€profits,€show€offering€price€as€a€multiple€of€earnings.€€Adjust€to€reflect€for€any€stock€splitsÐ D” Ðor€Ô_ÔrecapitalizationsÔ_Ô,€and€use€conversion€or€exercise€price€in€lieu€of€offering€price,€if€applicable.Ð (#(# ÐÌà X àà ° àà  àòò€€€€€€€€€€€€€Offering€Price€Per€Share€€€€€€€€€€€óó€€€€€€€€€€€€€€=€òòà  àóó€(price/earnings€multiple)Ð ¢ò Ðà  àNet€After„Tax€Earnings€Last€Year€Per€ShareÌÌ7.à  à(a)à0 ` àWhat€is€the€net€tangible€book€value€of€the€Company?€€(If€deficit,€show€in€parenthesis.)€€For€thisÐ  P Ðpurpose,€net€tangible€book€value€means€total€assets€(exclusive€of€copyrights,€patents,€goodwill,Ïresearch€and€development€costs€and€similar€intangible€items)€minus€total€liabilities.Ð ` (#` (# ÐÌà  à$òòà ` àà ¸ àà  àà h àà À àóóà  à($òòà p àà È àà  àà x àà Ð àóó€per€share)Ð (x  ÐÌà0  àà0` (#(#àIf€the€net€tangible€book€value€per€share€is€substantially€less€than€this€offering€(or€exercise€orÏconversion)€price€per€share,€explain€the€reasons€for€the€variation.Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌñŒ ñÌñŒ ññ ñÌñ ñà  àà ` àòòñ ñà€(#(#˜(#àñ ñˆÌñ} ññ| ñà  àñ| ññ} ññ~ ñóóñ~ ññ ñà  àà ` àòòñ ññ€ ñà€(#(#˜(#àñ€ ññ ññ~ ñòòñ~ ññ ñˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóà @¸ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(b)à0 ` àState€the€dates€on€which€the€Company€sold€or€otherwise€issued€securities€during€the€last€12€months,Ð ð@  Ðthe€amount€of€such€securities€sold,€the€number€of€persons€to€whom€they€were€sold,€any€relationshipÏof€such€persons€to€the€Company€at€the€time€of€sale,€the€price€at€which€they€were€sold€and,€if€not€soldÏfor€cash,€a€concise€description€of€the€consideration.€€(Exclude€bank€debt.)Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àòòˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌ8.à  à(a)à0 ` àWhat€percentage€of€the€outstanding€shares€of€the€Company€will€the€investors€in€this€offering€have?€Ð $,t'2 Ð(Assume€exercise€of€outstanding€options,€warrants€or€rights€and€conversion€of€convertible€securities,Ïif€the€respective€exercise€or€conversion€prices€are€at€or€less€than€the€offering€price.€€Also€assumeÏexercise€of€any€options,€warrants€or€rights€and€conversions€of€any€convertible€securities€offered€inÏthis€offering.)Ð ` (#` (# ÐÌà  àà ` àIf€the€maximum€is€sold:à h àòòà À àóó%Ð ¢ò ÐÌà  àà ` àIf€the€minimum€is€sold:à h àòòà À àóó%Ð 6 † ÐÌà  à(b)à0 ` àWhat€post„offering€value€is€management€implicitly€attributing€to€the€entire€Company€by€establishingÐ Ê   Ðthe€price€per€security€set€forth€on€the€cover€page€(or€exercise€or€conversion€price€if€common€stock€isÏnot€offered)?€€(Total€outstanding€shares€after€offering€times€offering€price,€or€exercise€or€conversionÏprice€if€common€stock€is€not€offered.)Ð ` (#` (# ÐÌà  àà ` àIf€maximum€is€sold:à h à$òòà À àóó*Ð ¼  ÐÌà  àà ` àIf€minimum€is€sold:à h à$òòà À àóó*Ð P   ÐÌà  àà0 ` à(For€above€purposes,€assume€outstanding€options€are€exercised€in€determining€"shares"€if€the€exerciseÏprices€are€at€or€less€than€the€offering€price.€€All€convertible€securities,€including€outstandingÏconvertible€securities,€shall€be€assumed€converted€and€any€options,€warrants€or€rights€in€this€offeringÏshall€be€assumed€exercised.)Ð ` (#` (# ÐÌà  àà0 ` àò ò*ó ó€These€values€assume€that€the€Company's€capital€structure€would€be€changed€to€reflect€anyÐ Ö& Ðconversions€of€outstanding€convertible€securities€and€any€use€of€outstanding€securities€as€paymentÏin€the€exercise€of€outstanding€options,€warrants€or€rights€included€in€the€calculation.€€The€type€andÏamount€of€convertible€or€other€securities€thus€eliminated€would€be:€òòà  àà x àà Ð àóó.€€TheseÐ 4„ Ðvalues€also€assume€an€increase€in€cash€in€the€Company€by€the€amount€of€any€cash€payments€thatÏwould€be€made€upon€cash€exercise€of€options,€warrants€or€rights€included€in€the€calculations.€€TheÏamount€of€such€cash€would€be:€€$òòà À àà  àóó.Ð’â` (#` (# ÐÌà  àà0 ` àNote:€€After€reviewing€the€above,€potential€investors€should€consider€whether€or€not€the€offering€priceÏ(or€exercise€or€conversion€price,€if€applicable)€for€the€securities€is€appropriate€at€the€present€stage€ofÏthe€Company's€development.Ð ` (#` (# ÐÌÌà@ééOìàò òÔ  ÔUSE€OF€PROCEEDSÔ -§Ôó óˆÐ !h$ ÐÌ9.à  à(a)à ` àThe€following€table€sets€forth€the€use€of€the€proceeds€from€this€offering:Ð ¬"ü& ÐÔ*‚ƒ ddTdd ` dd d dd ` dd °(#°(#‚ÔÔ,, dd ÔÔ,ˆdd ÔÔ,ìdd ÔÔ,ìdd ÔÔ,ìdd ÔÔ+  ÔÐ ," v#Æ' €@€‚x‚ƒƒ„„,ÐÐ " î#>( „„……"Ðà@MMR–àòòIf€Minimum€SoldóóˆÐ % î#>) „„……%Ðà@åå|<àòòIf€Maximum€SoldóóˆÐ 9/î#>* x @  €@€‚x‚ƒƒ„„9ÐÐ  0%€ + „„Ðà@K àòòAmountóóˆÐ  0%€ , „„Ðà@ll^ÚàòòPercentageóóˆÐ  0%€ - „„Ðà@´´uÆàòòAmountóóˆÐ  0%€ . „„Ðà@DDˆ² àòòPercentageóóˆÐ 6,0%€ / x @ €@€‚x‚ƒƒ„„6Ðà0 l àò òTotal€Proceedsó óÐ (r&Â!0lxlx „„(Ðà@ååG à$€òò€€€€€€€€€€€€óóˆÐ  r&Â!1 „„Ðà@íí`Úà€€100%ˆÐ  r&Â!2 „„Ðà@‹‹qÆà$€òò€€€€€€€€€€€€óóˆÐ  r&Â!3 „„Ðà@ÚÚ‹² à€100%ˆÐ 6,r&Â!4 x @ €@€‚x‚ƒƒ„„6Ðò òà0 l àLess:€Offering€Expensesó óÐ (´'#5lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  ´'#6 „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  ´'#7 „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  ´'#8 „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,´'#9 x @ €@€‚x‚ƒƒ„„6Ðà0 l àCommissions€&€Finders€FeesÐ (ö(F$:lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  ö(F$; „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  ö(F$< „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  ö(F$= „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,ö(F$> x @ €@€‚x‚ƒƒ„„6Ðà0 l àLegal€&€AccountingÐ (8*ˆ%?lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  8*ˆ%@ „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  8*ˆ%A „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  8*ˆ%B „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,8*ˆ%C x @ €@€‚x‚ƒƒ„„6Ðà0 l àCopying€&€AdvertisingÐ (z+Ê&Dlxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  z+Ê&E „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  z+Ê&F „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  z+Ê&G „„Ðà@  в à€òò€€€€€óó€ˆâ âÐ 6,z+Ê&H x @ €@€‚x‚ƒƒ„„6Ðà0 l àOther€(Specify):€òò€€€€€€€€€€€€óóÐ ((xlxlx „„(Ðâ âà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  (x „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  (x „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  (x „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,(x x @ €@€‚x‚ƒƒ„„6Ðà0 l àò òNet€Proceeds€from€Offeringó óÐ (jºlxlx „„(Ðà@»»F à$€€ò ò€€€€€€€€€€€€€ó óˆÐ  jº „„Ðà@qqaÚàò ò€€€€€ó óˆÐ  jº „„Ðà@aapÆà$€€ò ò€€€€€€€€€€€€€ó óˆÐ  jº  „„Ðà@I I ‹² àò ò€€€€€ó óˆÐ 6,jº  x @ €@€‚x‚ƒƒ„„6Ðò òà0 l àUse€of€Net€Proceedsó óÐ (¬ü lxlx „„(ÐÐ  ¬ü  „„ÐÐ  ¬ü  „„ÐÐ  ¬ü „„ÐÐ 6,¬ü x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (î>lxlx „„(Ðà@ååG à$€òò€€€€€€€€€€€€óóˆÐ  î> „„Ðà@_Úà€€òò€€€€€óó%ˆÐ  î> „„Ðà@‹‹qÆà$€òò€€€€€€€€€€€€óóˆÐ  î> „„Ðà@ÚÚ‰² à€€òò€€€€€óó%ˆÐ 6,î> x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (0 €lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  0 € „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  0 € „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  0 € „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,0 € x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (r Âlxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  r  „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  r  „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  r  „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,r  x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (´ lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  ´   „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  ´ ! „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  ´ " „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,´ # x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (ö F $lxlx „„(Ðà@úúG à€€òò€€€€€€€€€€€€óóˆÐ  ö F % „„Ðà@GG`Úà€òò€€€€€óó€ˆÐ  ö F & „„Ðà@  qÆà€€òò€€€€€€€€€€€€óóˆÐ  ö F ' „„Ðà@  в à€òò€€€€€óó€ˆÐ 6,ö F ( x @ €@€‚x‚ƒƒ„„6Ðà0 l àò òTotal€Use€of€Net€Proceedsó óÐ (8ˆ )lxlx „„(Ðà@»»F à$€€ò ò€€€€€€€€€€€€€ó óˆÐ  8ˆ * „„Ðà@aÚàò ò€100%ó óˆÐ  8ˆ + „„Ðà@aapÆà$€€ò ò€€€€€€€€€€€€€ó óˆÐ  8ˆ , „„Ðà@ÚÚ‹² àò ò€100%ó óˆÐ$8ˆ - x @  $ÐÌà  à(b)à0 ` àIf€there€is€no€minimum€amount€of€proceeds€that€must€be€raised€before€the€Company€may€use€theÐ Ì . Ðproceeds€of€the€offering,€describe€the€order€of€priority€in€which€the€proceeds€set€forth€above€in€theÏcolumn€"If€Maximum€Sold"€will€be€used.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóà @ àà @` àòòà€@°°(#àà€@(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌà0  àNote:€€After€reviewing€the€portion€of€the€offering€allocated€to€the€payment€of€offering€expenses,€and€to€theÏimmediate€payment€to€management€and€promoters€of€any€fees,€reimbursements,€past€salaries€or€similarÏpayments,€a€potential€investor€should€consider€whether€the€remaining€portion€of€his€investment,€which€wouldÏbe€that€part€available€for€future€development€of€the€Company's€business€and€operations,€would€be€adequate.Ð (#(# ÐÌ10.à  à(a)à0 ` àIf€material€amounts€of€funds€from€sources€other€than€this€offering€are€to€be€used€in€conjunction€withÐ Ø(< Ðthe€proceeds€from€this€offering,€state€the€amounts€and€sources€of€such€other€funds,€and€whether€fundsÏare€firm€or€contingent.€€If€contingent,€explain.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(b)à0 ` àIf€any€material€part€of€the€proceeds€is€to€be€used€to€discharge€indebtedness,€describe€the€terms€of€suchÐ ¼# F Ðindebtedness,€including€interest€rates.€€If€the€indebtedness€to€be€discharged€was€incurred€within€theÏcurrent€or€previous€fiscal€year,€describe€the€use€of€the€proceeds€of€such€indebtedness.Ð ` (#` (# Ðà  àÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(c)à0 ` àIf€any€material€amount€of€the€proceeds€is€to€be€used€to€acquire€assets,€other€than€in€the€ordinaryÐ  +ð&P Ðcourse€of€business,€briefly€describe€and€state€the€cost€of€the€assets€and€other€material€terms€of€theÐ j,º'Q ÐÔ_Ôacquisitions.€€If€the€assets€are€to€be€acquired€from€officers,€directors,€employees€or€principalÏstockholders€of€the€Company€or€their€associates,€give€the€names€of€the€persons€from€whom€the€assetsÏare€to€be€acquired€and€set€forth€the€cost€to€the€Company,€the€method€followed€in€determining€the€cost,Ïand€any€profit€to€such€persons.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àóóà @¸ àˆÌà  àà ` àòòà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà ¸ àà  àà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(d)à0 ` àIf€any€amount€of€the€proceeds€is€to€be€used€to€reimburse€any€officer,€director,€employee€orÐ ^ ®  Ðstockholder€for€services€already€rendered,€assets€previously€transferred,€or€monies€loaned€orÏadvanced,€or€otherwise,€explain:Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà ¸ àà€(#(#˜(#àóóˆÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà€(#(#˜(#àà @ àà @` àˆÌÌ11.à0  àIndicate€whether€the€Company€is€having€or€anticipates€having€within€the€next€12€months€any€cash€flow€orÐ  \ Ðliquidity€problems€and€whether€or€not€it€is€in€default€or€in€breach€of€any€note,€loan,€lease€or€other€indebtednessÏor€financing€arrangement€requiring€the€Company€to€make€payments.€€Indicate€if€a€significant€amount€of€theÏCompany's€trade€payables€have€not€been€paid€within€the€stated€tradeterm.€€State€whether€the€Company€isÏsubject€to€any€unsatisfied€judgments,€liens€or€settlement€obligations€and€the€amounts€thereof.€€Indicate€theÏCompany's€plans€to€resolve€any€such€problems.Ð (#(# ÐÌà  àòòà€(#(#˜(#àóóˆÌà  àòòà€(#(#˜(#àóóˆÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà€(#(#˜(#àà @` àˆÌ12.à0  àIndicate€whether€proceeds€from€this€offering€will€satisfy€the€Company's€cash€requirements€for€the€next€12Ð N ž# Ðmonths,€and€whether€it€will€be€necessary€to€raise€additional€funds.€€State€the€source€of€additional€funds,€ifÏknown.Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌà  àÌÌà@Oìàò òÔ  ÔCAPITALIZATIONÔ ÔÒÔó óˆÐ ü(L$. ÐÌ13.à0  àIndicate€the€capitalization€of€the€Company€as€of€the€most€recent€balance€sheet€date€(adjusted€to€reflect€anyÐ *à%0 Ðsubsequent€stock€splits,€stock€dividends,€recapitalizations€or€refinancings)€and€as€adjusted€to€reflect€the€saleÏof€the€minimum€and€maximum€amount€of€securities€in€this€offering€and€the€use€of€the€net€proceeds€therefrom:Ð$,t'2(#(# ЇÌÔ*“ƒ dd, dd ˆdd ìdd ìdd ìdd °(#°(#“ÔÔ,6dd ÔÔ,Fdd ÔÔ,dd ÔÔ,~dd ÔÔ+  ÔÐ ," zÊ €@€‚x‚ƒƒ„„,ÐÐ " òB „„……"Ðà@vv_Õàòò€€€€€€€€€€€€€€€€Amount€Outstanding€€€€€€€€€€€€€€€€óóˆÐ 9/òB x @  €@€‚x‚ƒƒ„„9ÐÐ  4„ „„ÐÐ " 4„ „„……"Ðà@KKuxàòò€€€€€€€€€€As€Adjusted€€€€€€€€€óóˆÐ 9/4„ x @  €@€‚x‚ƒƒ„„9ÐÐ  vÆ „„Ðà@»»]‰àòòAs€of:€€€/€€€€/€€€óóˆÐ  vÆ „„Ðà@ÁÁv9àòò€Minimum€óóˆÐ  vÆ  „„Ðà@ÿÿ‰… àòò€Maximum€óóˆÐ 6,vÆ  x @ €Ð€‚x‚ƒƒ„„6Ѐ€€€€€€€€Debt:ÌÌà0 l àShort„term€debt€(average€interest€rate€òò€€€€€€€€óó%)Ð (L œ l‚l‚ „„(ÐÌÌà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  L œ „„ÐÌÌà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  L œ „„ÐÌÌà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,L œ x Ð €@€‚x‚ƒƒ„„6Ðà0 l àLong„term€debt€(average€interest€rate€òò€€€€€€€€óó%)Ð (Ž Þl‚l‚ „„(Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  Ž Þ „„Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  Ž Þ „„Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,Ž Þ x @ €@€‚x‚ƒƒ„„6Ðà0 l à€€Total€debtÐ (Ð l‚l‚ „„(Ðà@NN_‰à$€ò ò€€€€€€€€€€€€ó óˆÐ  Ð  „„Ðà@þþs9à$€ò ò€€€€€€€€€€€€ó óˆÐ  Ð  „„Ðà@JJ†… à$€ò ò€€€€€€€€€€€€ó óˆÐ 6,Ð  x @ €ð€‚x‚ƒƒ„„6Ѐ€€€€€€€€Stockholders€equity€(deficit):ÌÌà0 l àPreferred€stock€„€par€or€stated€value€(by€class€ofÏpreferred€in€order€of€preferences)Ð l‚l‚ Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ:Š #l‚l‚ Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐT$l‚l‚ Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (Î%l‚l‚ „„(ÐÌÌÌÌà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ :Š * Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ T+ Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  Î, „„ÐÌÌÌÌà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ :Š 1 Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ T2 Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  Î3 „„ÐÌÌÌÌà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ :Š 8 Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ T9 Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,Î: x ð €@€‚x‚ƒƒ„„6Ðà0 l àCommon€stock€„€par€or€stated€valueÐ (`;l‚l‚ „„(Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  `< „„Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  `= „„Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,`> x @ €@€‚x‚ƒƒ„„6Ðà0 l àAdditional€paid€in€capitalÐ (R¢?l‚l‚ „„(Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  R¢@ „„Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  R¢A „„Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,R¢B x @ €@€‚x‚ƒƒ„„6Ðà0 l àRetained€earnings€(deficit)Ð (”äCl‚l‚ „„(Ðà@NN_‰à$€òò€€€€€€€€€€€€óóˆÐ  ”äD „„Ðà@þþs9à$€òò€€€€€€€€€€€€óóˆÐ  ”äE „„Ðà@JJ†… à$€òò€€€€€€€€€€€€óóˆÐ 6,”äF x @ €@€‚x‚ƒƒ„„6Ðà0 l à€€Total€stockholders€equity€(deficit)Ð (Ö&Gl‚l‚ „„(Ðà@NN_‰à$€ò ò€€€€€€€€€€€€ó óˆÐ  Ö&H „„Ðà@þþs9à$€ò ò€€€€€€€€€€€€ó óˆÐ  Ö&I „„Ðà@JJ†… à$€ò ò€€€€€€€€€€€€ó óˆÐ 6,Ö&J x @ €@€‚x‚ƒƒ„„6Ðà0 l àTotal€CapitalizationÐ (hKl‚l‚ „„(Ðà@NN_‰à$€ò ò€€€€€€€€€€€€ó óˆÐ  hL „„Ðà@þþs9à$€ò ò€€€€€€€€€€€€ó óˆÐ  hM „„Ðà@JJ†… à$€ò ò€€€€€€€€€€€€ó óˆÐ$hN x @ $ÐÌÌÌÌÌÌÌÌà  àNumber€of€preferred€shares€authorized€to€be€outstanding:ÌÌÔ*‚ƒ d d6dd Fdd dd ~dd °(#°(#‚ÔÔ,( dd ÔÔ,( dd ÔÔ,( dd ÔÔ+  ÔÐ ," Æ"X €@€‚x‚ƒƒ„„,Ðñƒ ñòòñƒ ññ… ññƒ ñòòñƒ ññ… ññ‚ ñà0 l àñ‚ ññ„ ñ€ñ„ ññ† ñ€€€€€€€€€€€€€ñ† ññ… ñòòñ… ñClass€of€Preferred€óóÐ  >#ŽY „„Ðà@ÿÿIìàòòNumber€of€Shares€AuthorizedóóˆÐ  >#ŽZ „„Ðà@rryàòòPar€Value€Per€ShareóóˆÐ 6,>#Ž[ x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (€$Ð\ltlt „„(Ðà@ããDìàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  €$Ð] „„Ðà@vàòò€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 6,€$Ð^ x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (Â%!_ltlt „„(Ðà@ããDìàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  Â%!` „„Ðà@vàòò€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ 6,Â%!a x @ €@€‚x‚ƒƒ„„6Ðà0 l àòò€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ ('T"bltlt „„(Ðà@ããDìàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ  'T"c „„Ðà@vàòò€€€€€€€€€€€€€€€€€€€€€€€€€óóˆÐ$'T"d x @  $ÐÌÌà0  àNumber€of€common€shares€authorized:à À à€òòà  àóó€shares.Ðb)²$f(#(# Ðà0  àPar€or€stated€value€per€share,€if€any:à À à$òòà  àóóÐ,*|%g(#(# Ðà0  àNumber€of€common€shares€reserved€to€meet€conversion€requirements€or€for€the€issuance€upon€exercise€ofÏoptions,€warrants€or€rights:€òòà h àóó€shares.ÐÀ+'i(#(# ЇÌà@Jìàò òÔ  ÔDESCRIPTION€OF€SECURITIESÔ èíÔó óˆÐ zÊ ÐÌ14.à  àThe€securities€being€offered€hereby€are:Ð ^ ÐÌà  àà ` à[€]à ¸ àCommon€StockÐ ¢ò Ðà  àà ` à[€]à ¸ àPreferred€or€Preference€StockÐ l ¼ Ðà  àà ` à[€]à ¸ àNotes€or€DebenturesÐ 6 † Ðà  àà ` à[€]à ¸ àUnits€of€two€or€more€types€of€securities,€composed€of:Ð  P Ðà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌà  àà ` à[€]à ¸ àOther:€òòà€(#(#˜(#àˆÐ ” ä  Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌÌ15.à  àThese€securities€have:Ð ¼  ÐÌà  àà ` àYesà ¸ àNoÐ P   Ðà  àà ` à[€]à ¸ à[€]à  àCumulative€voting€rightsÐ j  Ðà  àà ` à[€]à ¸ à[€]à  àOther€special€voting€rightsÐ ä4 Ðà  àà ` à[€]à ¸ à[€]à  àPreemptive€rights€to€purchase€in€new€issues€of€shares€Ð ®þ Ðà  àà ` à[€]à ¸ à[€]à  àPreference€as€to€dividends€or€interestÐ xÈ Ðà  àà ` à[€]à ¸ à[€]à  àPreference€upon€liquidationÐ B’ Ðà  àà ` à[€]à ¸ à[€]à  àOther€special€rights€or€preferences€(specify):òòà€(#(#˜(#àóóˆÐ  \ Ðà  àExplain:òòà€(#(#˜(#àˆÐ Ö& Ðóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌ16.à  àAre€the€securities€convertible?€€[€]€Yes€€[€]€No€Ð þN Ðà  àIf€so,€state€conversion€price€or€formula.€òòà À àà  àà p àà È àóó€Ð È Ðà  àà ` àDate€when€conversion€becomes€effective:à  àòòà p àóó/òòà È àóó/òòà  àóóà x àÐ ’â Ðà  àà ` àDate€when€conversion€expires:à À àà  àòòà p àóó/òòà È àóó/òòà  àóóà x àà Ð àòòÐ \¬ ÐóóÌ17.à  à(a)à ` àIf€securities€are€notes€or€other€types€of€debt€securities:Ð ð@  ÐÌà  àà ` à(1)à ¸ àWhat€is€the€interest€rate?€òòà À àà  àóó%Ð „Ô" Ðà  àà ` àà ¸ àIf€interest€rate€is€variable€or€multiple€rates,€describe:€òòà€(#(#˜(#àˆÐ N ž# Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóÌà  àà ` à(2)à ¸ àWhat€is€the€maturity€date?€òòà  àóó/òòà p àóó/òòà È àóóÐ ¬"ü& Ðà  àà ` àà ¸ àIf€serial€maturity€dates,€describe:òòà€(#(#˜(#àˆÐ v#Æ' Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌÌà  àà ` à(3)à ¸ àIs€there€a€mandatory€sinking€fund?€€[€]€Yes€€[€]€No€€Describe:òòà€(#(#˜(#àˆÐ Ô%$!* Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌÌà  àà ` à(4)à ¸ àIs€there€a€trust€indenture?€€[€]€Yes€€[€]€NoÐ ü(L$. Ðà  àà ` àà ¸ àName,€address€and€telephone€number€of€Trustee:€òòà€(#(#˜(#àˆÐ Æ)%/ Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌÐ $,t'2 Ðà  àà ` à(5)à ¸ àAre€the€securities€callable€or€subject€to€redemption?€[€]€Yes€€[€]€No€€Describe,€including€Ð ° Ðà  àà ` àà ¸ àredemption€prices:€òòà€(#(#˜(#àˆÐ zÊ Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà  àà h àà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌà  àà ` àà ¸ àÌà  àà ` à(6)à ¸ àAre€the€securities€collateralized€by€real€or€personal€property?€€€€[€]€Yes€€[€]€NoÐ l ¼ Ðà  àà ` àà ¸ àDescribe:€òòà€(#(#˜(#àˆÐ 6 † Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àóóˆÌÌà  àà ` à(7)à0 ¸ àIf€these€securities€are€subordinated€in€right€of€payment€of€interest€or€principal,€explain€theÐ ^ ®  Ðterms€of€such€subordination.òòà€(#(#˜(#¸ (#¸ (#àˆÐ (x  Ðóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóà  àà ` àà ¸ àòòà€(#(#˜(#àˆÌóóÌà  àà ` àà0 ¸ àHow€much€currently€outstanding€indebtedness€of€the€Company€is€senior€to€the€securities€inÏright€of€payment€of€interest€or€principal?€€$òòà p àà È àà  àóó.Юþ¸ (#¸ (# Ðà  àà ` àà0 ¸ àHow€much€indebtedness€shares€in€right€of€payment€on€an€equivalent€(pari€passu)€basis?€$òòà€(#(#˜(#¸ (#¸ (#àóóˆÐ xÈ Ðà  àà ` àà ¸ àòòà  àà h àóó€.Ð B’ Ðà  àà ` àà ¸ àHow€much€indebtedness€is€junior€(subordinated)€to€the€securities?Ìà  àà ` àà ¸ à$òòà  àà h àóó.Ð Ö& ÐÌà  à(b)à0 ` àIf€notes€or€other€types€of€debt€securities€are€being€offered€and€the€Company€had€earnings€during€itsÐ jº Ðlast€fiscal€year,€show€the€ratio€of€earnings€to€fixed€charges€on€an€actual€and€pro€forma€basis€for€thatÏfiscal€year.€€"Earnings"€means€pretax€income€from€continuing€operations€plus€fixed€charges€andÏcapitalized€interest.€€"Fixed€charges"€means€interest€(including€capitalized€interest),€amortization€ofÏdebt€discount,€premium€and€expense,€preferred€stock€dividend€requirements€of€majority€ownedÏsubsidiary,€and€such€portion€of€rental€expense€as€can€be€demonstrated€to€be€representative€of€theÏinterest€factor€in€the€particular€case.€€The€pro€forma€ratio€of€earnings€to€fixed€charges€should€includeÏincremental€interest€expense€as€a€result€of€the€offering€of€the€notes€or€other€debt€securities.Ð ` (#` (# ÐÌÌÌÌÔ*qƒ dd( dd ( dd ( dd °(#°(#qÔÔ,ê dd ÔÔ,dd ÔÔ,dd ÔÔ,rdd ÔÔ+  ÔÐ ," â!2% €@€‚x‚ƒƒ„„,ÐÐ " Z"ª& „„……"Ðà@dáàòò€€€€Last€Fiscal€Year€€€€óóˆÐ 9/Z"ª' x @  €@€‚x‚ƒƒ„„9ÐÐ  œ#ì( „„Ðà@N¡àòò€€€€Actual€€€€€óóˆÐ " œ#ì) „„……"Ðà@ÝÝuèàòò€€€€Pro€Forma€€€€óóˆÐ 9/œ#ì* x @  €@€‚x‚ƒƒ„„9ÐÐ  Þ$. + „„ÐÐ  Þ$. , „„Ðà@77k¯àòò€Minimum€óóˆÐ  Þ$. - „„Ðà@ii†ïàòò€Maximum€óóˆÐ 6,Þ$. . x @ €€‚x‚ƒƒ„„6Ðà0 l àà0Ä l6l6à"òòEarnings€€€€€€€óó"€€€=Ð &p!/Ä 6Ä 6 Ðà0 l àà0Ä l6l6à"Fixed€ChargesÐ (ê&:"0Ä 6Ä 6 „„(Ðà@QQM¡àòò€€€€€€€€€€€€€€€€óóˆÐ   &p!1 „„Ðà@__g¯àòò€€€€€€€€€€€€€€€€óóˆÐ   &p!2 „„Ðà@ŸŸ‚ïàòò€€€€€€€€€€€€€€€€óóˆÐ 6, &p!3 x  €€‚x‚ƒƒ„„6Ðà0 l àà0Ä l6l6àIf€no€earnings,€showÏ"Fixed€Charges"€onlyÐ (ö(F$5Ä 6Ä 6 „„(Ðà@QQM¡àòò€€€€€€€€€€€€€€€€óóˆÐ  ,(|#6 „„Ðà@__g¯àòò€€€€€€€€€€€€€€€€óóˆÐ  ,(|#7 „„Ðà@ŸŸ‚ïàòò€€€€€€€€€€€€€€€€óóˆÐ$,(|#8 x   $Ðà0  àà0` (#(#àNote:€Care€should€be€exercised€in€interpreting€the€significance€of€the€ratio€of€earnings€to€fixed€chargesÏas€a€measure€of€the€"coverage"€of€debt€service,€as€the€existence€of€earnings€does€not€necessarily€meanÏthat€the€Company's€liquidity€at€any€given€time€will€permit€payment€of€debt€service€requirements€toÏbe€timely€made.€€See€Questions€11€and€12.€€See€also€the€Financial€Statements€and€especially€theÐ ,n'; ÐStatement€of€Cash€Flows.Ð ` (#` (# ÐÌ18.à  àIf€securities€are€Preference€or€Preferred€stock:Ð D” Ðà  àAre€unpaid€dividends€cumulative?à h à[€]€Yes€€[€]€No€Ð ^ Ðà  àAre€securities€callable?à  àà h à[€]€Yes€€[€]€No€€€Explain:òòà€(#(#˜(#àˆÐ Ø( Ðóóà  àòòà ` àà€(#(#˜(#àˆÌóóà  àòòà€þ"þ"—(#à€ˆÐ l ¼ Ðóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌà0  àNote:€€Attach€to€this€Disclosure€Document€copies€or€a€summary€of€the€charter,€bylaw€or€contractual€provisionÏor€document€that€gives€rise€to€the€rights€of€holders€of€Preferred€or€Preference€Stock,€notes€or€other€securitiesÏbeing€offered.Ð (#(# ÐÌ19.à0  àIf€securities€are€capital€stock€of€any€type,€indicate€restrictions€on€dividends€under€loan€or€other€financingÐ ¼  Ðarrangements€or€otherwise:Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌ20.à0  àCurrent€amount€of€assets€available€for€payment€of€dividends€(if€deficit€must€be€first€made€up,€show€deficit€inÐ B’ Ðparenthesis):€€$òòà ¸ àà  àóó.Ð \(#(# ÐÌÌà@Lìàò òÔ  ÔPLAN€OF€DISTRIBUTIONÔ Ôó óˆÐ jº ÐÌ21.à0  àThe€selling€agents€(that€is,€the€persons€selling€the€securities€as€agent€for€the€Company€for€a€commission€orÐ þN Ðother€compensation)€in€this€offering€are:Ð (#(# ÐÌà  àName:à ` àòòà ¸ àà  àà h àà À àóóà  àName:€€òòà€(#(#˜(#àóóˆÐ \¬ ÐÌà  àAddress:òòà ¸ àà  àà h àà À àóóà  àAddress:òòà€(#(#˜(#àˆÐ ð@  Ðóóà  àòòà ` àà ¸ àà  àà h àà À àóóà  àòòà€(#(#˜(#àˆÌóóÌà  àTelephone:€(òòà ¸ àóó)€òòà  àà h àà À àóóà  àTelephone:(òòà È àóó)€òòà€(#(#˜(#àóóà @  àˆÐ N ž# ÐÌÌÌ22.à0  àDescribe€any€compensation€to€selling€agents€or€finders,€including€cash,€securities,€contracts€or€otherÐ v#Æ' Ðconsideration,€in€addition€to€the€cash€commission€set€forth€as€a€percent€of€the€offering€price€on€the€cover€pageÏof€this€Disclosure€Document.€€Also€indicate€whether€the€Company€will€indemnify€the€selling€agents€or€findersÏagainst€liabilities€under€the€securities€laws.€€("Finders"€are€persons€who€for€compensation€act€as€intermediariesÏin€obtaining€selling€agents€or€otherwise€making€introductions€in€furtherance€of€this€offering.)Ð (#(# Ðà  àÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌ23.à0  àDescribe€any€material€relationships€between€any€of€the€selling€agents€or€finders€and€the€Company€or€itsÐ $,t'2 Ðmanagement.Ð (#(# Ðà  àÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóà @ àˆÌÌà0  àNote:€€After€reviewing€the€amount€of€compensation€to€the€selling€agents€or€finders€for€selling€the€securities,Ïand€the€nature€of€any€relationship€between€the€selling€agents€or€finders€and€the€Company,€a€potential€investorÏshould€assess€the€extent€to€which€it€may€be€inappropriate€to€rely€upon€any€recommendation€by€the€sellingÏagents€or€finders€to€buy€the€securities.Ð (#(# ÐÌ24.à0  àIf€this€offering€is€not€being€made€through€selling€agents,€the€names€of€persons€at€the€Company€through€whichÐ (x  Ðthis€offering€is€being€made:Ð (#(# ÐÌà  àName:€òòà ` àà ¸ àà  àà h àà À àóóà  à€€Name:òòà€(#(#˜(#àˆÐ †Ö  Ðóó€Ð P   Ðà  àAddress:òòà ¸ àà  àà h àà À àóóà  à€Address:€òòà€(#(#˜(#àˆÐ j  Ðóóà  àà ` àòòà ¸ àà  àà h àà À àóóà  àà p à€€òòà€(#(#˜(#àóóˆÐ ä4 ÐÌà  àTelephone:(òòà ¸ àóó)òòà  àà h àà À àóóà  àTelephone:€(òòà È àóó)òòà€(#(#˜(#àóóˆÐ xÈ ÐÌ25.à0  àIf€this€offering€is€limited€to€a€special€group,€such€as€employees€of€the€Company,€or€is€limited€to€a€certainÐ  \ Ðnumber€of€individuals€(as€required€to€qualify€under€Subchapter€S€of€the€Internal€Revenue€Code)€or€is€subjectÏto€any€other€limitations,€describe€the€limitations€and€any€restrictions€on€resale€that€apply:Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌà  àWill€the€certificates€bear€a€legend€notifying€holders€of€such€restrictions?à  à[€€]€Yes€€[€€]€NoÐ &v ÐÌ26.à  à(a)à0 ` àName,€address€and€telephone€number€of€independent€bank€or€savings€and€loan€association€or€otherÐ º ! Ðsimilar€depository€institution€acting€as€escrow€agent€if€proceeds€are€escrowed€until€minimum€proceedsÏare€raised:Ð ` (#` (# Ðà  àà ` àÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(b)à0 ` àDate€at€which€funds€will€be€returned€by€escrow€agent€if€minimum€proceeds€are€not€raised:Ð %Z )` (#` (# Ðà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  àà ` àWill€interest€on€proceeds€during€escrow€period€be€paid€to€investors?€[€]€€Yes€€€€€[€]€€NoÌÌ27.à0  àExplain€the€nature€of€any€resale€restrictions€on€presently€outstanding€shares,€and€when€those€restrictions€willÐ ü(L$. Ðterminate,€if€this€can€be€determined:Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÐ $,t'2 Ðóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌà0  àNote:€€Equity€investors€should€be€aware€that€unless€the€Company€is€able€to€complete€a€further€public€offeringÏor€the€Company€is€able€to€be€sold€for€cash€or€merged€with€a€public€company€that€their€investment€in€theÏCompany€may€be€illiquid€indefinitely.Ð (#(# ÐÌÌà@  Bìàò òÔ  ÔDIVIDENDS,€DISTRIBUTIONS€AND€REDEMPTIONSÔ ü)Ôó óˆÐ  P ÐÌ28.à0  àIf€the€Company€has€within€the€last€five€years€paid€dividends,€made€distributions€upon€its€stock€or€redeemedÐ ” ä  Ðany€securities,€explain€how€much€and€when:Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà ` àà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌÌà@’ ’ Bìàò òÔ  ÔOFFICERS€AND€KEY€PERSONNEL€OF€THE€COMPANYÔ ¦,Ôó óˆÐ  ð ÐÌ29.à  àChief€Executive€Officer:€à  àà h àà À àà  àà p àà È àTitle:€òòà€(#(#˜(#àóóˆÐ 4„ ÐÌà  àName:à ` àà ¸ àà  àòòà h àà À àà  àà p àà È àóóà  àAge:€òòà x àà Ð àóóÐ È ÐÌà  àOffice€Street€Address:à  àòòà h àà À àà  àà p àà È àóóÐ \¬ Ðà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àà È àóóÌà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àà È àóóÌÌà  àTelephone:à ¸ àà  à(òòà h àóó)òòà À àà  àóóÐ „Ô" ÐÌà0  àName€of€employers,€titles€and€dates€of€positions€held€during€past€five€years€with€an€indication€of€jobÏresponsibilities.Ð (#(# Ðà  àòòÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà ` àà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌà X àà ° àà  àEducation€(degrees,€schools,€and€dates):òòà€(#(#˜(#àˆÐ ž&î!+ Ðóóà  àòòà€(#(#˜(#àóóˆÌÌà  àAlso€a€Director€of€the€Company?€€[€€]€Yes€€€[€€]€NoÌÌà  àIndicate€amount€of€time€to€be€spent€on€Company€matters€if€less€than€full€time:Ìà  àÌà  àòòà€(#(#˜(#àˆÐ $,t'2 Ðóóà  àòòà ` àà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóà @ àˆÌÌ30.à  àChief€Operating€Officer:à  àñ† ñòòóóñ† ñà h àà À àà  àà p àà È àTitle:€òòà€(#(#˜(#àóóˆÐ ^ ÐÌà  àName:à ` àà ¸ àà  àòòà h àà À àà  àà p àóóà È àAge:€òòà  àà x àóó€Ð ¢ò ÐÌà  àOffice€Street€Address:à  àòòà h àà À àà  àà p àóóÐ 6 † Ðà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àÌóóà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àÌóóÌà  àTelephone:à ¸ àà  à(òòà h àóó)òòà À àà  àóóÐ ^ ®  ÐÌà0  àName€of€employers,€titles€and€dates€of€positions€held€during€past€five€years€with€an€indication€of€jobÏresponsibilities.Ð (#(# Ðà  àòòÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌà X àà ° àà  àEducation€(degrees,€schools,€and€dates):€òòà€(#(#˜(#àˆÐ xÈ Ðóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌà  àAlso€a€Director€of€the€Company?à h à[€€]€Yes€€€[€€]€NoÐ  ð ÐÌà  àIndicate€amount€of€time€to€be€spent€on€Company€matters€if€less€than€full€time:ÌÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌ31.à  àChief€Financial€Officer:à  àà h àà À àà  àà p àTitle:òòà€(#(#˜(#àˆÐ ð@  ÐóóÌà  àName:à ` àà ¸ àà  àòòà h àà À àà  àà p àóóà È àAge:€òòà  àà x àóó€€Ð „Ô" ÐÌà  àOffice€Street€Address:à  àòòà h àà À àà  àà p àÐ !h$ Ðóóà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àÌóóà  àà ` àà ¸ àà  àòòà h àà À àà  àà p àóóÌÌà  àTelephone:à ¸ àà  à(òòà h àóó)òòà À àà  àÐ @$( ÐóóÌà0  àName€of€employers,€titles€and€dates€of€positions€held€during€past€five€years€with€an€indication€of€jobÏresponsibilities.Ð (#(# Ðà  àòòà€(#(#˜(#àóóˆÌà  àòòà€(#(#˜(#àóóˆÌà  àòòà€(#(#˜(#àóóˆÌÌà X àà ° àà  àEducation€(degrees,€schools,€and€dates):€òòà€(#(#˜(#àˆÐ *à%0 Ðóóà  àòòà€(#(#˜(#àóóˆÌÐ $,t'2 Ðà  àAlso€a€Director€of€the€Company?à h à[€€]€Yes€€€[€€]€NoÐ ° ÐÌà  àIndicate€amount€of€time€to€be€spent€on€Company€matters€if€less€than€full€time:ÌÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àñ† ñóóòòñ† ñóóˆÌÌ32.à  àOther€Key€Personnel:à  àà h àà À àà  àTitle:òòà€(#(#˜(#àóóˆÐ  P ÐÌà  à(a)à ` àName:€òòà ¸ àà  àà h àà À àà  àñ† ñóóòòñ† ñóóà p àà È àà  àAge:€€òòà€(#(#˜(#àóóˆÐ ” ä  ÐÌà  àà ` àÌà  àà ` àOffice€Street€Address:€òòà h àà À àà  àà p àà È àÐ òB  Ðóóà  àà ` àà ¸ àà  àñ† ñòòóóñ† ñ€€€€€€€òòà h àà À àà  àà p àà È àÐ ¼  Ðóóà  àà ` àà ¸ àà  à€€€€€€€òòà h àà À àà  àà p àà È àÐ †Ö  ÐóóÌà  àà ` àTelephone:€(òòà  àóó)òòà h àà À àóóÐ j  ÐÌà  àà0 ` àNames€of€employers,€titles€and€dates€of€positions€held€during€past€five€years€with€an€indication€of€jobÏresponsibilities.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóà€@(#(#˜(#àñ† ñòòóóñ† ñˆÌÌà  àà ` àEducation€(degrees,€schools,€and€dates):€òòà€(#(#˜(#àˆÐ 4„ Ðóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  àà ` àAlso€a€Director€of€the€Company?à À à[€€]€€Yes€€€[€€]€€NoÐ ’â ÐÌà  àà0 ` àIndicate€amount€of€time€to€be€spent€on€Company€matters€if€less€than€full€time:Ð ` (#` (# ÐÌñ† ñòòóóñ† ñà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà ¸ àà  àà€(#(#˜(#àóóà€@(#(#˜(#àˆÌÌÌà  à(b)à ` àName:€òòà ¸ àà  àà h àà À àà  àóóà p àà È àà  àà x àAge:€òòà€þ"þ"—(#àóó€ˆÐ ¬"ü& ÐÌà  àà ` àTitle:€€òòà ¸ àà  àà h àà À àà  àÐ @$( ÐóóÌà  àà ` àOffice€Street€Address:€òòà h àà À àà  àà p àà È àÐ Ô%$!* Ðóóà  àà ` àà ¸ àà  à€€€€€€€òòà h àà À àà  àà p àà È àÐ ž&î!+ Ðóóà  àà ` àà ¸ àà  à€€€€€€€òòà h àà À àà  àà p àà È àÐ h'¸", ÐóóÌÌà  àà ` àTelephone:€(òòà  àóó)òòà h àà À àóóÐ Æ)%/ ÐÌà  àà0 ` àNames€of€employers,€titles€and€dates€of€positions€held€during€past€five€years€with€an€indication€of€jobÏresponsibilities.Ð$,t'2` (#` (# Їà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  àà ` àEducation€(degrees,€schools,€and€dates):€òòà€(#(#˜(#àˆÐ Ø( Ðóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  àà ` àAlso€a€Director€of€the€Company?à À à[€€]€€Yes€€€[€€]€€NoÐ 6 † ÐÌà  àà0 ` àIndicate€amount€of€time€to€be€spent€on€Company€matters€if€less€than€full€time:Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌÌà@ëëJìàò òÔ  ÔDIRECTORS€OF€THE€COMPANYÔ èMÔó óˆÐ P   ÐÌ33.à0  àNumber€of€Directors:€òòà  àà h àóó.€€If€Directors€are€not€elected€annually,€or€are€elected€under€a€voting€trustÐ ä4 Ðor€other€arrangement,€explain:Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌ34.à0  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àIf€the€€Company€has€never€conducted€operations€or€is€otherwise€in€the€development€stage,€indicateÐ ^ Ðwhether€any€of€the€Officers€or€Directors€has€ever€managed€any€other€company€in€the€start„up€orÏdevelopment€stage€and€describe€the€circumstances,€including€relevant€dates.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(d)à0 ` àIf€any€of€the€Company's€key€personnel€are€not€employees€but€are€consultants€or€other€independentÐ (x  Ðcontractors,€state€the€details€of€their€engagement€by€the€Company.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌà  à(e)à0 ` àIf€the€Company€has€key€man€life€insurance€policies€on€any€of€its€Officers,€Directors€or€key€personnel,Ð xÈ 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à(òò€€€€€€óó)€òò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ ¸8 ÐÌà  àPrincipal€occupation:€€Ìà  àòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ f; ÐÌÔ*µƒ ddšdd Zdd dd dd ºdd Ldd jdd °(#°(#µÔÔ,šdd ÔÔ,Zdd ÔÔ, dd ÔÔ, dd ÔÔ,ºdd ÔÔ,Ldd ÔÔ,jdd ÔÔ+  ÔÐ ," ªú= €j€‚x‚ƒƒ„„,ÐÔ€[^’õôµ•ÔÐ  "r> „„ÐÌÌà@Ø Ø /w àòòClass€of€SharesóóˆÐ  b²A „„ÐÌà@**B©àAverage€PriceˆÌà@bbB©àòò€€Per€Share€€óóˆÐ  b²D „„ÐÌà@CCS³àNo.€of€SharesˆÌà@HHS³àòò€€Now€Held€€€óóˆÐ  b²G „„ÐÌÌà@RRd•àòò€%€of€Total€óóˆÐ  b²J „„Ðà@uàNo.€of€Shares€HeldˆÌà@YYvàAfter€Offering€ifˆÌà@uàòòAll€Securities€SoldóóˆÐ  b²M „„ÐÌÌà@R R Œs!àòò%€of€TotalóóˆÐ 6,b²P x j €€‚x‚ƒƒ„„6ÐÔ€ôµ•õ’[^ÔName:Ð zÊQ Ðà@ÙÙ}àòò€€€€€€€€€€€€€€€€€€€€óóˆÐ  D”R „„ÐÌà@< < /w àòò€€€€€€€€€€€€€€€óóˆÐ  D”T „„ÐÌà@˜˜B©àòò€€€€€€€€€€€€€óóˆÐ  D”V „„ÐÌà@¢¢S³àòò€€€€€€€€€€€€€óóˆÐ  D”X „„ÐÌà@™™d•àòò€€€€€€€€€€€€óóˆÐ  D”Z „„ÐÌà@‰‰uàòò€€€€€€€€€€€€€€€€€€€óóˆÐ  D”\ „„ÐÌà@¡ ¡ Œs!àòò€€€€€€€€€€óóˆÐ 6,D”^ x  €@€‚x‚ƒƒ„„6ÐÐ  †Ö_ „„Ðà@< < /w àòò€€€€€€€€€€€€€€€óóˆÐ  †Ö` „„Ðà@˜˜B©àòò€€€€€€€€€€€€€óóˆÐ  †Öa „„Ðà@¢¢S³àòò€€€€€€€€€€€€€óóˆÐ  †Öb „„Ðà@™™d•àòò€€€€€€€€€€€€óóˆÐ  †Öc „„Ðà@‰‰uàòò€€€€€€€€€€€€€€€€€€€óóˆÐ  †Öd „„Ðà@¡ ¡ Œs!àòò€€€€€€€€€€óóˆÐ$†Öe x @  $ÐÌà  àOffice€Street€Address:Ìà  àòòà ` àà ¸ àà  àà h àÌóóà  àòòà ` àà ¸ àà  àà h àÌóóà  àòòà ` àà ¸ àà  àà h àÌóóà  àÌà  àTelephone:Ìà  à(òòà ` àóó)€òòà ¸ àà  àóóÐ Ö!&l ÐÌà  àPrincipal€occupation:€€Ìà  àòòà ` àà ¸ àà  àà h àÌóóÌ38.à  àNumber€of€shares€beneficially€owned€by€Officers€and€Directors€as€a€group:Ð È%!q ÐÌà  àBefore€offering:€ñ† ñòòóóñ† ñ€shares€òòà  àà h àóóà À àà  àà p àà È à(òòà  àóó€%€of€total€outstanding)Ð \'¬"s Ѐ€Ìà  àAfter€offering:à ¸ àa)€€Assuming€minimum€securities€sold:òòà p àóó€sharesà È à(òòà  àóó%€of€total€outstanding)Ð ð(@$u ÐÌà  àà ` àà ¸ àb)€€Assuming€maximum€securities€sold:€òòà p àóó€sharesà È à(òòà  àóó%€of€total€outstanding)Ð „*Ô%w Ðà  à(Assume€all€options€exercised€and€all€convertible€securities€converted.)ÌÐ ,h'y Їà@dd;ìàò òÔ  ÔMANAGEMENT€RELATIONSHIPS,€TRANSACTIONS€AND€REMUNERATIONÔ ÿžÔó óˆÐ ° ÐÌ39.à  à(a)à0 ` àIf€any€of€the€Officers,€Directors,€key€personnel€or€principal€stockholders€are€related€by€blood€orÐ D” Ðmarriage,€please€describe.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(b)à0 ` àIf€the€Company€has€made€loans€to€or€is€doing€business€with€any€of€its€Officers,€Directors,€keyÐ Ê   Ðpersonnel€or€10%€stockholders,€or€any€of€their€relatives€(or€any€entity€controlled€directly€or€indirectlyÏby€any€of€such€persons)€within€the€last€two€years,€or€proposes€to€do€so€within€the€future,€explain.€Ï(This€includes€sales€or€lease€of€goods,€property€or€services€to€or€from€the€Company,€employment€orÏstock€purchase€contracts,€etc.)€State€the€principal€terms€of€any€significant€loans,€agreements,€leases,Ïfinancing€or€other€arrangements.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌÌà  à(c)à0 ` àIf€any€of€the€Company's€Officers,€Directors,€key€personnel€or€10%€stockholders€has€guaranteed€or€co„Ð B’ Ðsigned€any€of€the€Company's€bank€debt€or€other€obligations,€including€any€indebtedness€to€be€retiredÏfrom€the€proceeds€of€this€offering,€explain€and€state€the€amounts€involved.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà ¸ àà  àà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌ40.à  à(a)à0 ` àList€all€remuneration€by€the€Company€to€Officers,€Directors€and€key€personnel€for€the€last€fiscal€year:Ð’â` (#` (# ÐÔ*µƒ ddšdd Zdd dd dd ºdd Ldd jdd °(#°(#µÔÔ,$dd ÔÔ,xdd ÔÔ,Üdd ÔÔ+  ÔÐ ," \¬ €@€‚x‚ƒƒ„„,ÐÐ  Ô$ „„Ðà@––oàòò€€Cash€€óóˆÐ  Ô$  „„Ðà@((‡: àòò€€Other€€óóˆÐ 6,Ô$! x @ €@€‚x‚ƒƒ„„6Ðà0 l àChief€Executive€OfficerÐ (f"lplp „„(Ðà@++kà$€òò€€€€€€€€€€€€€€óóˆÐ  f# „„Ðà@ÕÕƒ: à$€òò€€€€€€€€€€€€€€óóˆÐ 6,f$ x @ €@€‚x‚ƒƒ„„6Ðà0 l àChief€Operating€OfficerÐ (X¨%lplp „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  X¨& „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,X¨' x @ €@€‚x‚ƒƒ„„6Ðà0 l àChief€Financial€OfficerÐ (š ê(lplp „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  š ê) „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,š ê* x @ €@€‚x‚ƒƒ„„6Ðà0 l àKey€Personnel:à0 lplpàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (Ü!,+ p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  Ü!,, „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,Ü!,- x @ €@€‚x‚ƒƒ„„6Ðà0 l àà0Ä lplpàà0 Ä pÄ pàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (#n. p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  #n/ „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,#n0 x @ €@€‚x‚ƒƒ„„6Ðà0 l àà0Ä lplpàà0 Ä pÄ pàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (`$°1 p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  `$°2 „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,`$°3 x @ €@€‚x‚ƒƒ„„6Ðà0 l àOthers:à0Ä lplpàà0 Ä pÄ pàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (¢%ò 4 p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  ¢%ò 5 „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,¢%ò 6 x @ €@€‚x‚ƒƒ„„6Ðà0 l àà0Ä lplpàà0 Ä pÄ pàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (ä&4"7 p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  ä&4"8 „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,ä&4"9 x @ €@€‚x‚ƒƒ„„6Ðà0 l àà0Ä lplpàà0 Ä pÄ pàòò€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€óóÐ (&(v#: p p „„(Ðà@++kà€€€òò€€€€€€€€€€€€€€óóˆÐ  &(v#; „„Ðà@ÕÕƒ: à€€€òò€€€€€€€€€€€€€€óóˆÐ 6,&(v#< x @ €@€‚x‚ƒƒ„„6Ðà0 l àTotal:Ð (h)¸$=lplp „„(Ðà@++kà$€ò ò€€€€€€€€€€€€€€ó óˆÐ  h)¸$> „„Ðà@ÕÕƒ: à$€ò ò€€€€€€€€€€€€€€ó óˆÐ$h)¸$? x @ $ÐÌà  àDirectors€as€a€group€Ìà  à€€€€(number€of€persons€òòà  àà h àóó)€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€$òòà È àà  àóóà x à$€òòà€(#(#˜(#àˆÐ Æ+'A ÐóóÌà  à(b)à0 ` àIf€remuneration€is€expected€to€change€or€has€been€unpaid€in€prior€years,€explain:ÐzÊ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àóóˆÌÌà  à(c)à ` àIf€any€employment€agreements€exist€or€are€contemplated,€describe:Ð ” ä  ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àÌÌ41.à  à(a)à0 ` àNumber€of€shares€subject€to€issuance€under€presently€outstanding€stock€purchase€agreements,€stockÐ ®þ Ðoptions,€warrants€or€rights:€€òòà À àà  àóó€shares€(òòà p àóó%€of€total€shares€to€be€outstanding€after€theÐ xÈ Ðcompletion€of€the€offering€if€all€securities€sold,€assuming€exercise€of€options€and€conversion€ofÏconvertible€securities).€€Indicate€which€have€been€approved€by€shareholders.€€State€the€expirationÏdates,€exercise€prices€and€other€basic€terms€for€these€securities:Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌà  à(b)à0 ` àNumber€of€common€shares€subject€to€issuance€under€existing€stock€purchase€or€option€plans€but€notÐ &v Ðyet€covered€by€outstanding€purchase€agreements,€options€or€warrants:€òòà  àà x àà Ð àóó€shares.Ðð@ ` (#` (# ÐÌà  à(c)à0 ` àDescribe€the€extent€to€which€future€stock€purchase€agreements,€stock€options,€warrants€or€rights€mustÐ „Ô" Ðbe€approved€by€shareholders.Ð ` (#` (# ÐÌà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóà  àà ` àòòà€(#(#˜(#àˆÌóóÌ42.à0  àIf€the€business€is€highly€dependent€on€the€services€of€certain€key€personnel,€describe€any€arrangements€toÐ Ô%$!* Ðassure€that€these€persons€will€remain€with€the€Company€and€not€compete€upon€any€termination:Ð (#(# Ðà  àòòÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌà  àNote:à0 ` àAfter€reviewing€the€above,€potential€investors€should€consider€whether€or€not€the€compensation€toÐ Z+ª&1 Ðmanagement€and€other€key€personnel€directly€or€indirectly,€is€reasonable€in€view€of€the€present€stageÐ $,t'2 Ðof€the€Company's€development.Ð ` (#` (# ÐÌÌÌà@ììVìàñ‡ ñˆÌà@ííQìàñ‡ ñò òÔ  ÔLITIGATIONÔ %ÀÔó óˆÐ ¢ò ÐÌ43.à0  àDescribe€any€past,€pending€or€threatened€litigation€or€administrative€action€which€has€had€or€may€have€aÐ 6 † Ðmaterial€effect€upon€the€Company's€business,€financial€condition,€or€operations,€including€any€litigation€orÏaction€involving€the€Company's€Officers,€Directors€or€other€key€personnel.€€State€the€names€of€the€principalÏparties,€the€nature€and€current€status€of€the€matters,€and€amounts€involved.€€Give€an€evaluation€by€managementÏor€counsel,€to€the€extent€feasible,€of€the€merits€of€the€proceedings€or€litigation€and€the€potential€impact€on€theÏCompany's€business,€financial€condition,€or€operations.Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà ` àà€(#(#˜(#àóóˆÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àÌÌà@Mìàò òÔ  ÔFEDERAL€TAX€ASPECTSÔ ëÃÔó óˆÐ B’ ÐÌ44.à0  àIf€the€Company€is€an€S€corporation€under€the€Internal€Revenue€Code€of€1986,€and€it€is€anticipated€that€anyÐ Ö& Ðsignificant€tax€benefits€will€be€available€to€investors€in€this€offering,€indicate€the€nature€and€amount€of€suchÏanticipated€tax€benefits€and€the€material€risks€of€their€disallowance.€€Also,€state€the€name,€address€andÏtelephone€number€of€any€tax€advisor€that€has€passed€upon€these€tax€benefits.€€Attach€any€opinion€or€anyÏdescription€of€the€tax€consequences€of€an€investment€in€the€securities€by€the€tax€advisor.Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌà  àName€of€Tax€Advisor:€òòà€(#(#˜(#àóóˆÐ !h$ ÐÌà  àAddress:€òòà€(#(#˜(#àˆÐ ¬"ü& Ðóóà  àòòà€(#(#˜(#àóóˆÌÌà  àTelephone:(òòà ¸ àóó)òòà  àà h àóóÐ  %Z ) ÐÌà0  àNote:€€Potential€investors€are€encouraged€to€have€their€own€personal€tax€consultant€contact€the€tax€advisor€toÏreview€details€of€the€tax€benefits€and€the€extent€that€the€benefits€would€be€available€and€advantageous€to€theÏparticular€investor.Ð (#(# ÐÌÌà@ssLìàò òÔ  ÔMISCELLANEOUS€FACTORSÔ ¢ÉÔó óˆÐ *à%0 ÐÌ45.à0  àDescribe€any€other€material€factors,€either€adverse€or€favorable,€that€will€or€could€affect€the€Company€or€itsÐ $,t'2 Ðbusiness€(for€example,€discuss€any€defaults€under€major€contracts,€any€breach€of€bylaw€provisions,€etc.)€orÏwhich€are€necessary€to€make€any€other€information€in€this€Disclosure€Document€not€misleading€or€incomplete.Ð (#(# Ðà0  àòòÐ (#(# Ðóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà ` àà ¸ àà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌÌà@ÌÌLìàò òÔ  ÔFINANCIAL€STATEMENTSÔ «ÌÔó óˆÐ ^ ®  ÐÌ46.à0  àAttach€reviewed€or€audited€financial€statements€for€the€last€fiscal€year€and€unaudited€financial€statements€forÐ òB  Ðany€interim€periods€thereafter.€€If€since€the€beginning€of€the€last€fiscal€year€the€Company€has€acquired€anotherÏbusiness€the€assets€or€net€income€of€which€were€in€excess€of€20%€of€those€for€the€Company,€show€pro€formaÏcombined€financial€statements€as€if€the€acquisition€had€occurred€at€the€beginning€of€the€Company's€last€fiscalÏyear.Ð (#(# ÐÌà0  àThe€Company€does€hereby€agree€to€provide€to€investors€in€this€offering€for€five€years€(or€such€longer€periodÏas€required€by€law)€hereafter€annual€financial€reports€containing€a€balance€sheet€as€of€the€end€of€the€Company'sÏfiscal€year€and€a€statement€of€income€for€said€fiscal€year,€all€prepared€in€accordance€with€generally€acceptedÏaccounting€principles€and€accompanied€by€an€independent€accountant's€report.€€If€the€Company€has€more€thanÏ100€security€holders€at€the€end€of€the€fiscal€year,€the€financial€statements€shall€be€audited.Ð (#(# ÐÌà@ììVìàò òÔ  ÔˆÌà@6ìàMANAGEMENT'S€DISCUSSION€AND€ANALYSIS€OF€CERTAIN€RELEVANT€FACTORSÔ @ÑÔó óˆÐ 4„ ÐÌ47.à0  àIf€the€Company's€financial€statements€show€losses€from€operations,€explain€the€causes€underlying€these€lossesÐ È Ðand€what€steps€the€Company€has€taken€or€is€taking€to€address€these€causes.Ð (#(# ÐÌà0  àòòà€(#(#˜(#(#(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌ48.à0  àDescribe€any€trends€in€the€Company's€historical€operating€results.€€Indicate€any€changes€now€occurring€in€theÐ !h$ Ðunderlying€economics€of€the€industry€or€the€Company's€business€which,€in€the€opinion€of€Management,€willÏhave€a€significant€impact€(either€favorable€or€adverse)€upon€the€Company's€results€of€operations€within€the€nextÏ12€months,€and€give€a€rough€estimate€of€the€probable€extent€of€the€impact,€if€possible.Ð (#(# ÐÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌ49.à0  àIf€the€Company€sells€a€product€or€products€and€has€had€significant€sales€during€its€last€fiscal€year,€state€theÐ ü(L$. Ðexisting€gross€margin€(net€sales€less€cost€of€such€sales€as€presented€in€accordance€with€generally€acceptedÏaccounting€principles)€as€a€percentage€of€sales€for€the€last€fiscal€year:€òòà È àà  àóó%.Ð*à%0(#(# Ðà0  àWhat€is€the€anticipated€gross€margin€for€next€year€of€operations?€€Approximately€òòà x àóó%.€€If€this€is€expectedÐ Z+ª&1 Ðto€change,€explain.€€Also,€if€reasonably€current€gross€margin€figures€are€available€for€the€industry,€Ô_ÔindicateÐ $,t'2 Ðthese€figures€and€the€source€or€sources€from€which€they€are€obtained.Ð (#(# ÐÌà0  àòòà€(#(#˜(#(#(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àóóˆÌÌ50.à0  àForeign€sales€as€a€percent€of€total€sales€for€last€fiscal€year:€òòà p àà È àóó%.€€Domestic€government€sales€as€a€Ð 6 † Ðpercent€of€total€domestic€sales€for€last€fiscal€year:€òòà  àà p àóó%.Ð P(#(# Ðà  àExplain€the€nature€of€these€sales,€including€any€anticipated€changes:ÌÌà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóà  àòòà€(#(#˜(#àˆÌóóÌÌà@µµQìàò òÔ  ÔSIGNATURES:Ô £ÛÔó óˆÐ j  ÐÌà0  àA€majority€of€the€Directors€and€the€Chief€Executive€and€Financial€Officers€of€the€Company€shall€sign€thisÏDisclosure€Document€on€behalf€of€the€Company€and€by€so€doing€thereby€certify€that€each€has€made€diligentÏefforts€to€verify€the€material€accuracy€and€completeness€of€the€information€herein€contained.€€By€signing€thisÏDisclosure€Document,€the€Chief€Executive€and€Chief€Financial€Officers€agree€to€make€themselves,€theÏCompany's€books€and€records,€copies€of€any€contract,€lease€or€other€document€referred€to€in€the€DisclosureÏDocument,€or€any€other€material€contract€or€lease€(including€stock€options€and€employee€benefit€plans),€exceptÏany€proprietary€or€confidential€portions€thereof,€and€a€set€of€the€exhibits€to€this€Disclosure€Document,€availableÏto€each€investor€prior€to€the€time€of€investment,€and€to€respond€to€questions€and€otherwise€confirm€theÏinformation€contained€herein€prior€to€the€making€of€any€investment€by€such€investor.Ð (#(# ÐÌà0  àThe€Chief€Financial€Officer€signing€this€form€is€hereby€certifying€that€the€financial€statements€submitted€fairlyÏstate€the€Company's€financial€position€and€results€of€operations,€or€receipts€and€disbursements,€as€of€the€datesÏand€period(s)€indicated,€all€in€accordance€with€generally€accepted€accounting€principles€consistently€appliedÏ(except€as€stated€in€the€notes€thereto)€and€(with€respect€to€year„end€figures)€including€all€adjustments€necessaryÏfor€fair€presentation€under€the€circumstances.Ð (#(# ÐÌà  àChief€Executive€Officer:à  àà h àà À àà  àà p àDirectors:Ð N ž# ÐÌà  àòòà ` àà ¸ àà  àà h àà À àà  àóóà p àòòà€(#(#˜(#àˆÌóóÌà  àTitle:òòà ` àà ¸ àà  àà h àà À àà  àóóà p àòòà€(#(#˜(#àˆÐ v#Æ' ÐóóÌà  àà ` àà ¸ àà  àà h àà À àà  àà p àòòà€(#(#˜(#àˆÌÌóóà  àà ` àà ¸ àà  àà h àà À àà  àà p àòòà€(#(#˜(#àóóˆÌÌà  àChief€Financial€Officer:€òòà€(#(#˜(#àóóˆÐ 2(‚#- ÐÌà  àTitle:òòà€(#(#˜(#àóóˆÐ  Æ)%/ ÐÑ  ÑÙÙØ!ØÑX°Ñà@ÒÒJìàÑ€Ñò òSMALL€CORPORATE€OFFERINGˆÐ ° Ðà@©©HìàREGISTRATION€FORM€(Form€U„7)ˆÌà@TTDìàas€adopted€by€Ô_ÔNASAAÔ_Ô€on€April€29,€1989ó óˆÐ D” ÐÌà@‡‡FìàòòInstructions€For€Use€of€Form€U„7óóˆÐ Ø( Ðà@WWFìà(Not€Part€of€Disclosure€Document)ˆÌÌà  àI.à ` àò òIntroductionó óÐ 6 † ÐÌà  àà ` àForm€U„7€has€been€developed€pursuant€to€the€Small€Business€Investment€Incentive€Act€of€1980€(nowÏcontained€in€Section€19€of€the€Securities€Act€of€1933)€which€prescribes€State€and€Federal€cooperation€in€furtheranceÏof€the€policies€expressed€in€that€Act€of€a€substantial€reduction€in€costs€and€paperwork€to€diminish€the€burden€of€raisingÏinvestment€capital,€particularly€by€small€business,€and€a€minimum€interference€with€the€business€of€capital€formation.ÌÌà  àà ` àForm€U„7€is€the€general€registration€form€for€corporations€registering€under€state€securities€lawsÏsecurities€that€are€exempt€from€registration€with€the€Securities€and€Exchange€Commission€(the€"SEC")€under€Rule€504Ïof€Regulation€D.€€It€is€designed€to€be€used€by€Companies,€the€attorneys€and€accountants€for€which€are€not€necessarilyÏspecialists€in€securities€regulation.ÌÌà  àà ` àHistorically,€state€legislatures€have€generally€followed€two€approaches€to€the€regulation€of€publicÏofferings€of€securities€such€as€those€made€under€Form€U„7.€€Some€states€deal€solely€with€the€disclosure€made€toÏinvestors.€€In€addition€to€disclosure,€other€states€also€apply€substantive€fairness€standards€to€public€offerings€in€orderÏto€assure€that€the€terms€and€structure€of€the€offerings€are€fair€to€investors.€€In€particular,€those€standards€are€designedÏto€require€the€promoters€of€enterprises€to€share€the€potential€risks€and€rewards€fairly€with€the€public€investors.€€ThoseÏstandards€vary€from€state€to€state€and€as€a€general€rule€must€be€complied€with€by€a€Company€in€order€to€register€itsÏsecurities€in€those€states.ÌÌà  àà ` àYou€may€anticipate€receiving€comments€from€examiners€in€many€of€the€states€in€which€Form€U„7Ïregistration€is€sought.€€Depending€upon€the€regulatory€approach€taken€by€the€state,€those€comments€may€be€limited€toÏrequests€for€disclosure€of€additional€information€or€may€also€require€that€certain€terms€of€the€offering€be€modified€toÏcomply€with€the€state's€substantive€fairness€criteria.€€Failure€to€resolve€outstanding€comments€can€lead€to€denial€of€anÏapplication€for€registration.ÌÌà  àà ` àA€Company,€prior€to€using€Form€U„7,€may€wish€to€contact€the€staff€of€the€securities€administrator€ofÏeach€state€in€which€the€offering€is€to€be€filed€to€review€applicable€substantive€fairness€standards.€€It€may€be€possible€toÏarrange€a€Ô_ÔprefilingÔ_Ô€conference€with€the€administrator's€staff.€€The€states€that€apply€such€standards€may€identify€thoseÏstandards€in€an€appendix€to€these€instructions€or€may€use€other€means€to€make€them€available.ÌÌÌà  àII.à ` àò òQualification€for€Use€of€Formó óÐ v#Æ' ÐÌà  àà ` àTo€be€eligible€to€use€Form€U„7,€a€Company€must€comply€with€each€of€the€following€requirements.ÌÌà  àA.à ` àThe€Company€must€be€a€corporation€organized€under€the€laws€of€one€of€the€states€or€possessions€ofÐ ž&î!+ Ðthe€United€States€which€engages€in€or€proposes€to€engage€in€a€business€other€than€petroleum€exploration€or€productionÏor€mining€or€other€extractive€industries.€€"Blind€pool"€offerings€and€other€offerings€for€which€the€specific€business€orÏproperties€cannot€now€be€described€are€ineligible€to€use€Form€U„7.ÌÌà  àB.à ` àThe€securities€may€be€offered€and€sold€only€on€behalf€of€the€Company,€and€Form€U„7€may€not€be€usedÐ *à%0 Ðby€any€selling€security„holder€(including€purchasing€underwriters€in€a€firm€commitment€underwriting)€to€register€hisÏsecurities€for€resale.ÌÌà  àC.à ` àThe€offering€price€for€common€stock€(and€the€exercise€price,€if€the€securities€are€options,€warrantsÐ ¸-)4 Ðor€rights€for,€and€the€conversion€price€if€the€securities€are€convertible€into,€common€stock)€must€be€equal€to€or€greaterÐ ‚.Ò)5 ÐÑ"Ñâ âÖ€ÿÿÖâ âÑ  Ñthan€$5.00€per€share.€€By€execution€of€the€application€and€filing€of€the€U„7€in€any€state,€the€Company€thereby€agreesÏwith€the€Administrator€that€the€Company€will€not€split€its€common€stock,€or€declare€a€stock€dividend,€for€two€years€afterÏñ‡ ñÑ!ÑÖ€ÿÿÖÑ  Ññ‡ ñeffectiveness€of€the€registration€statement;€provided,€however,€that€in€connection€with€a€subsequent€registered€publicÏoffering,€the€Company€may€upon€application€and€consent€of€the€administrator€take€such€action.ÌÌà  àD.à ` àThe€Company€may€engage€selling€agents€to€sell€the€securities.€€Commissions,€fees,€or€otherÐ ¢ò Ðremuneration€for€soliciting€any€prospective€purchaser€in€this€state€in€connection€with€this€offering€may€only€be€paid€toÏpersons€who,€if€required€to€be€licensed,€the€Company€believes,€and€has€reason€to€believe,€are€appropriately€licensed€inÏthis€state.ÌÌà  àE.à ` àThis€form€shall€not€be€available€for€the€securities€of€any€Company€if€the€Company€or€any€of€itsÐ ” ä  ÐOfficers,€Directors,€10%€stockholders,€promoters€or€any€selling€agents€of€the€securities€to€be€offered,€or€any€officer,Ïdirector,€or€partner€of€such€selling€agent:€€(Ô_ÔiÔ_Ô)€has€filed€a€registration€statement€which€is€the€subject€of€a€currentlyÏeffective€registration€stop€order€entered€pursuant€to€any€state's€securities€law€within€five€years€prior€to€the€filing€of€theÏapplication€for€registration€hereunder;€(ii)€has€been€convicted€within€five€years€prior€to€the€filing€of€the€application€forÏregistration€hereunder€of€any€felony€or€misdemeanor€in€connection€with€the€offer,€purchase€or€sale€of€any€security€orÏany€felony€involving€fraud€or€deceit,€including,€but€not€limited€to,€forgery,€embezzlement,€obtaining€money€under€falseÏpretenses,€larceny,€or€conspiracy€to€defraud;€(iii)€is€currently€subject€to€any€state€administrative€enforcement€order€orÏjudgment€entered€by€that€state's€securities€administrator€within€five€years€prior€to€the€filing€of€the€application€forÏregistration€hereunder€or€is€subject€to€any€state's€administrative€enforcement€order€or€judgment€in€which€fraud€or€deceit,Ïincluding€but€not€limited€to€making€untrue€statements€of€material€facts€and€omitting€to€state€material€facts,€was€foundÏand€the€order€or€judgment€was€entered€within€five€years€prior€to€the€filing€of€the€application€for€registration€hereunder;Ï(iv)€is€subject€to€any€state's€administrative€enforcement€order€or€judgment€which€prohibits,€denies,€or€revokes€the€useÏof€any€exemption€from€registration€in€connection€with€this€offer,€purchase,€or€sale€of€securities;€(v)€is€currently€subjectÏto€any€order,€judgment,€or€decree€of€any€court€of€competent€jurisdiction€temporarily€or€preliminarily€restricting€orÏenjoining,€or€is€subject€to€any€order,€judgment€or€decree€of€any€court€of€competent€jurisdiction,€permanently€restrainingÏor€enjoining,€such€party€from€engaging€in€or€continuing€any€conduct€of€practice€in€connection€with€the€purchase€or€saleÏof€any€security€or€involving€the€making€of€any€false€filing€with€the€state€entered€within€five€years€prior€to€the€filing€ofÏthe€application€for€registration€hereunder;€(vi)€the€prohibitions€of€paragraphs€(Ô_ÔiÔ_Ô)€„€(iii)€and€(v)€above€shall€not€apply€ifÏthe€person€subject€to€the€disqualification€is€duly€licensed€or€registered€to€conduct€securities€related€business€in€the€stateÏin€which€the€administrative€order€or€judgment€was€entered€against€such€person€or€if€the€broker„dealer€employing€suchÏparty€is€licensed€or€registered€in€this€state€and€the€Form€B„D€filed€with€this€state€discloses€the€order,€conviction,Ïjudgment,€or€decree€relating€to€such€person.€€No€person€disqualified€under€this€subsection€may€act€in€a€capacity€otherÏthan€that€for€which€the€person€is€licensed€or€registered;€and€(vii)€any€disqualification€caused€by€this€section€isÏautomatically€waived€if€the€state€securities€administrator€or€agency€of€the€state€which€created€the€basis€forÏdisqualification€determines€upon€a€showing€of€good€cause€that€it€is€not€necessary€under€the€circumstances€thatÏregistration€be€denied.ÌÌà  àIf€any€of€the€circumstances€in€clauses€(ii),€(iii)€or€(v)€of€the€preceding€paragraph€has€occurred€more€than€fiveÏyears€from€the€date€of€the€application€for€registration€hereunder,€these€circumstances€should€be€described€in€responseÏto€Question€45€as€a€Miscellaneous€Factor.ÌÌà  àF.à ` àUse€of€the€Form€is€available€to€any€offering€of€securities€by€a€Company,€the€aggregate€offering€priceÐ Ô%$!* Ðof€which€within€or€outside€this€state€shall€not€exceed€$1,000,000,€less€the€aggregate€offering€price€for€all€securities€soldÏwithin€the€twelve€months€before€the€start€of,€and€during€the€offering€of,€the€securities€under€SEC€Rule€504€in€relianceÏon€any€exemption€under€section€3(b)€of€the€Securities€Act€of€1933€or€in€violation€of€section€5(a)€of€that€act.€€The€FormÏis€not€available€to€a€Company€that€is€an€investment€company€(including€mutual€funds)€or€is€subject€to€the€reportingÏrequirements€of€ðð€13€or€ðð15(d)€of€the€Securities€Exchange€Act€of€1934.ÌÌà  àG.à ` àThe€Company€shall€file€with€the€SEC€a€Form€D€of€Regulation€D€under€the€Securities€Act€of€1933Ð Z+ª&1 Ðclaiming€exemption€of€the€offering€from€registration€under€such€act€pursuant€to€Rule€504.€€A€copy€of€the€Form€D€withÏappropriate€state€signature€pages€shall€be€filed€with€the€administrator€at€the€same€time€as€filed€with€the€SEC.ÌÌÐ  ‚.Ò)5 Ðà  àIII.à ` àò òGeneral€Requirements€For€Use€of€Formó óÐ ° ÐÌà  àA.à ` àThe€Form€U„7€when€properly€filled€in,€signed€and€submitted,€together€with€the€exhibits€scheduledÐ D” Ðbelow€and€a€Form€U„1€Uniform€Application€to€Register€Securities,€constitutes€an€application€for€registration€for€theÏstates€listed€at€the€bottom€of€the€cover€page€of€the€Form.€€There€should€be€filed€with€each€state€there€listed€a€signedÏoriginal€of€the€Form,€together€with€an€executed€Form€U„1€and€a€signed€original€of€the€consent€to€service€of€processÏconstituting€Exhibit€7.€€Any€references€in€the€Form€U„1€to€SEC€registration€and€effectiveness€should€be€disregarded€andÏQuestions€6€and€8(a)€of€the€Form€U„1€are€inapplicable.€€The€Form€U„1€should€set€forth€the€amount€of€securities€beingÏregistered€in€that€state€and€the€method€of€calculating€the€filing€fee,€and€there€should€be€enclosed€a€check€for€the€amountÏof€the€filing€fee.€€Each€state€must€separately€declare€the€registration€effective€by€an€order€to€that€effect€unless€that€stateÏhas€some€other€procedure€applicable€to€registration€on€Form€U„7.€€Once€registration€is€effective€as€to€a€given€state,€theÏeffective€date€should€be€noted€at€the€bottom€of€the€cover€page€of€the€Form.€€Any€changed€or€revised€DisclosureÏDocument€must€also€be€signed.ÌÌà  àB.à ` àEach€question€in€each€paragraph€of€the€Form€should€be€responded€to.€€If€the€question€€or€series€ofÐ ¼  Ðquestions€is€inapplicable,€so€indicate.€€Each€answer€should€be€clearly€and€concisely€stated€and€in€the€space€provided;Ïhowever,€notwithstanding€the€specificity€of€the€questions,€responses€should€not€involve€nominal,€immaterial€orÏinsignificant€information.ÌÌà  àC.à ` àIf€the€provided€space€is€insufficient,€additional€space€should€be€created€by€cutting€and€pasting€theÐ ®þ ÐForm€to€add€more€lines€or€by€putting€the€Form€on€a€word€processor€and€adding€more€lines€in€this€or€a€similar€manner.€ÏIrrespective€of€which€method€is€used,€care€should€be€taken€to€assure€that€the€Form€is€accurately€and€completelyÏreproduced.€€Smaller€type€size€should€not€be€used,€and€script€or€italic€type€styles€should€be€avoided.ÌÌà  àD.à ` àThere€must€be€submitted€to€the€administrator€an€opinion€of€an€attorney€licensed€to€practice€in€a€stateÐ  ð Ðor€territory€of€the€United€States€that€the€securities€to€be€sold€in€the€offering€have€been€duly€authorized€and€when€issuedÏupon€payment€of€the€offering€price€will€be€legally€and€validly€issued,€fully€paid€and€Ô_ÔnonassessableÔ_Ô€and€binding€on€theÏCompany€in€accordance€with€their€terms.€€ÌÌà  àE.à ` àThe€Disclosure€Document€on€Form€U„7€constitutes€the€offering€circular€or€prospectus€and€the€FormÐ ’â Ðonce€filled€out,€filed€and€declared€effective€may€be€reproduced€by€the€Company€by€copy€machine€or€otherwise€forÏdissemination€to€potential€investors.€€(The€Company€is€cautioned€to€control€the€copying€and€distribution€to€precludeÏinaccurate€or€unreadable€copies€from€being€used€and€to€prevent€other€unauthorized€uses€for€which€the€Company€mayÏnevertheless€be€deemed€responsible.)€€These€Instructions€are€not€part€of€the€Disclosure€Document€and€should€not€beÏincluded.€€Reproduced€copies€should€be€on€white€paper€and€should€be€stapled€or€secured€in€the€left€margin€without€aÏcover€of€any€type.ÌÌà  àF.à ` àThe€Company€should€expect€that€the€office€of€the€administrator€may€have€comments€and€questionsÐ â!2% Ðconcerning€the€answers€set€forth€on€the€Form€and€that€changes€may€be€required€to€be€made€to€the€answers€before€theÏregistration€is€declared€effective.€€Comments€and€questions€may€either€be€included€in€a€letter€or€made€by€telephoneÏcommunication€initiated€by€the€office€of€the€administrator€in€response€to€the€filing.ÌÌà  àG.à ` àNo€offers€or€sales€may€be€made€in€this€state€until€the€registration€has€been€declared€effective€by€theÐ Ô%$!* Ðadministrator.€€To€make€offers€or€sales€before€the€registration€is€effective€could€lead€to€a€stop€order€or€other€proceedingÏwhich€would€preclude€use€of€the€Form€in€this€or€any€other€state€and€could€give€rise€to€a€right€of€rescission€by€investorsÏenforceable€against€management,€principal€stockholders€and€the€selling€agents€as€well€as€the€Company.€€When€theÏregistration€has€been€declared€effective€in€this€state,€offers€and€sales€may€be€made€in€this€state€even€though€registrationÏin€other€states€has€not€been€declared€effective.€€This€Disclosure€Document€must€be€delivered€to€each€investor€before€theÏsale€is€made,€òòe.g.óó€€(a)€before€any€order€is€entered;€(b)€any€subscription€agreement€is€signed;€or€(c)€any€part€of€theÐ *à%0 Ðpurchase€price€is€received.€€The€registration€statement€will€be€effective€only€for€the€same€time€period€specified€in€theÏorder€of€the€administrator,€which€may€be€different€for€different€states;€however,€no€registration€statement€shall€remainÏeffective€in€a€particular€state€for€a€period€greater€than€one€year.ÌÌà  àH.à ` àAfter€the€registration€has€been€declared€effective,€and€while€the€offering€is€still€in€progress,€if€anyÐ ‚.Ò)5 Ðportion€of€the€Form€should€need€to€be€changed€or€revised€because€of€a€material€event€concerning€the€Company€or€theÏoffering€to€make€it€accurate€and€complete,€it€shall€be€so€changed,€revised,€or€supplemented.€€If€changed,€revised€orÏsupplemented,€(including€an€addition€on€the€cover€page€of€another€state€in€which€the€offering€has€been€registered)€theÏForm€as€so€changed,€revised€or€supplemented,€clearly€marked€to€show€changes€from€the€previously€filed€version,€shouldÏbe€filed€and€cleared€with€the€administrator€of€this€state€before€use.€€If€any€of€the€changes€or€revisions€are€of€suchÏsignificance€that€they€are€material€to€the€making€of€an€investment€decision€by€an€investor,€and€if€the€minimum€proceedsÏhave€not€been€raised,€after€filing€with€and€clearance€by€the€administrator,€the€Disclosure€Document€on€this€Form€as€soÏchanged,€revised€or€supplemented€should€be€Ô_ÔrecirculatedÔ_Ô€to€persons€in€this€state€that€have€previously€subscribed,€andÏthey€should€be€given€the€opportunity€to€rescind€or€reconfirm€their€investment.ÌÌà  àI.à ` àOptions,€warrants€and€similar€rights€to€purchase€securities€constitute€a€continuous€offering€of€theÐ ” ä  Ðunderlying€securities€during€the€exercise€period€and€require€the€securities€to€be€registered€and€the€Disclosure€DocumentÏto€be€kept€continuously€current€throughout€the€exercise€period€through€the€use€of€the€above€amendment€procedure€orÏby€means€of€a€supplement,€as€appropriate.€€Upon€any€change,€revision€or€supplement€to€the€Disclosure€Document,€aÏcopy€must€be€promptly€furnished€to€the€holders€of€options,€warrants€and€similar€rights.ÌÌà  àJ.à ` àAny€and€all€supplemental€selling€literature€or€advertisements€announcing€the€offering€should€be€filedÐ P   Ðby€the€Company€and€cleared€with€the€securities€administrator€of€each€state€prior€to€publication€or€circulation€within€thatÏstate.€An€announcement€should€not€be€a€sales€motivation€device€and€should€normally€contain€no€more€than€theÏfollowing:€€(1)€€the€name€of€the€Company,€(2)€characterization€of€the€Company€as€indicated€on€the€Cover€Page€of€theÏDisclosure€Document,€(3)€address€and€telephone€number€of€the€Company,€(4)€a€brief€indication€in€ten€words€or€less€ofÏthe€Company's€business€or€proposed€business,€(5)€the€number€and€type€of€securities€offered€and€the€offering€price€perÏsecurity,€(6)€the€name,€address€and€telephone€number€of€any€selling€agent€authorized€to€sell€the€securities,€(7)€aÏstatement€that€the€announcement€does€not€constitute€an€offer€to€sell€or€solicitation€of€an€offer€to€purchase€and€that€anyÏsuch€offer€must€be€made€by€official€Disclosure€Document,€(8)€how€a€copy€of€the€Disclosure€Document€may€be€obtained,Ïand€(9)€the€Company's€corporate€logo.€€Clip€and€return€coupons€requesting€a€copy€of€the€Disclosure€Document€areÏpermitted€in€printed€announcements.€€(For€example,€an€announcement€in€"tombstone"€format€with€a€black„lined€borderÏand€using€the€following€language€would€ordinarily€be€acceptable:€€"50,000€shares,€common€stock;€$5€per€share;€(Logo)ÏÔ_ÔXYZÔ_Ô€Corporation,€a€development€stage€database€computer€software€company€now€conducting€operations;€Midtown,ÏOhio;€Selling€agent:€€ABC€Securities,€1234€Main€Street,€Midtown,€Ohio,€(321)€123„4567;€This€announcement€does€notÏconstitute€an€offer€to€sell€or€the€solicitation€of€an€offer€to€buy€the€securities,€which€offer€may€be€made€only€by€meansÏof€an€official€Disclosure€Document;€A€copy€of€the€Disclosure€Document€may€be€obtained€by€contacting€the€selling€agentÏat€the€above€address€and€telephone€number."€€Similarly,€a€classified€advertisement€using€the€following€language€wouldÏordinarily€be€acceptable:€€"Common€stock€of€Ô_ÔXYZÔ_Ô€Corporation,€a€development€stage€database€computer€softwareÏcompany€now€conducting€operations,€Midtown,€Ohio.€€Price€$5€per€share.€€Total€offering€50,000€shares.€€ThisÏannouncement€does€not€constitute€an€offer€to€sell€or€the€solicitation€of€an€offer€to€buy€the€securities,€which€offer€mayÏbe€made€only€by€means€of€an€official€Disclosure€Document.€€A€copy€of€the€Disclosure€Document€may€be€obtained€byÏcontacting€the€Company,€Industrial€Park,€Suite€12B,€456€Mill€Road,€Midtown,€Ohio,€(321)€321„4321.")ÌÌà  àThe€issuance€of€any€but€routine€press€releases€or€the€granting€of€interviews€to€news€media€during,€or€at€aboutÏthe€same€time€of,€an€offering€could€constitute€indirect€advertising,€which€if€not€Ô_ÔpreclearedÔ_Ô€with€the€securitiesÏadministrator€would€be€prohibited.€€Any€unusual€news€article€or€news€program€featuring€the€Company€during€thisÏperiod,€particularly€if€present€or€future€earnings,€or€the€pending€offering,€are€mentioned,€could€delay€or€cause€suspensionÏof€the€effectiveness€of€the€registration€and€disrupt€the€offering.€Consequently€any€such€news€article€or€news€program,Ïno€matter€by€whom€it€may€be€initiated,€should€generally€be€discouraged€during€this€period.ÌÌÌà  àIV.à ` àò òInstructions€as€to€Specific€Captions€and€Questionsó óÐ Æ)%/ ÐÌà  àBE€VERY€CAREFUL€AND€PRECISE€IN€ANSWERING€ALL€QUESTIONS.€€GIVE€FULL€AND€COMPLETEÏANSWERS€SO€THAT€THEY€ARE€NOT€MISLEADING€UNDER€THE€CIRCUMSTANCES€INVOLVED.€€DO€NOTÏDISCUSS€ANY€FUTURE€PERFORMANCE€OR€OTHER€ANTICIPATED€EVENT€UNLESS€YOU€HAVE€AÏREASONABLE€BASIS€TO€BELIEVE€THAT€IT€WILL€ACTUALLY€OCCUR€WITHIN€THE€FORESEEABLEÏFUTURE.€€IF€ANY€ANSWER€REQUIRING€SIGNIFICANT€INFORMATION€IS€MATERIALLY€INACCURATE,Ð ‚.Ò)5 ÐINCOMPLETE€OR€MISLEADING,€THE€COMPANY,€ITS€MANAGEMENT€AND€PRINCIPAL€STOCKHOLDERSÏMAY€HAVE€LIABILITY€TO€INVESTORS.€€THE€SELLING€AGENTS€SHOULD€EXERCISE€APPROPRIATEÏDILIGENCE€TO€DETERMINE€THAT€NO€SUCH€INACCURACY€OR€INCOMPLETENESS€HAS€OCCURRED,€ORÏTHEY€ALSO€MAY€BE€LIABLE.ÌÌà  àA.à ` àòòCover€Pageóó.€€The€Cover€Page€of€the€Disclosure€Document€is€a€summary€of€certain€essentialÐ ¢ò Ðinformation€and€should€be€kept€on€one€page€if€at€all€possible.€€For€purposes€of€characterizing€the€Company€on€the€coverÏpage,€the€term€"development€stage"€has€the€same€meaning€as€that€set€forth€in€Statement€of€Financial€AccountingÏStandards€No.€7€(June€1,€1975).ÌÌà  àB.à ` àòòRisk€Factorsóó.€€The€Company€should€òòavoidóó€generalized€statements€and€include€only€those€factors€whichÐ ” ä  Ðare€unique€to€the€Company.€€No€specific€number€of€risk€factors€is€required€to€be€identified.€€If€more€than€16€significantÏrisk€factors€exist,€add€additional€lines€and€number€as€appropriate.€€Risk€factors€may€be€due€to€such€matters€as€cash€flowÏand€liquidity€problems,€inexperience€of€management€in€managing€a€business€in€the€particular€industry,€dependence€ofÏthe€Company€on€an€unproven€product,€absence€of€an€existing€market€for€the€product€(even€though€management€mayÏbelieve€a€need€exists),€absence€of€an€operating€history€of€the€Company,€absence€of€profitable€operations€in€recentÏperiods,€an€erratic€financial€history,€the€financial€position€of€the€Company,€the€nature€of€the€business€in€which€theÏCompany€is€engaged€or€proposes€to€engage,€conflicts€of€interest€with€management,€arbitrary€establishment€of€offeringÏprice,€reliance€on€the€efforts€of€a€single€individual,€or€absence€of€a€trading€market€if€a€trading€market€is€not€expectedÏto€develop.€€Cross€references€should€be€made€to€the€Questions€where€details€of€the€risks€are€described.ÌÌà  àC.à ` àòòBusiness€and€Propertiesóó.€€The€inquiries€under€Business€and€Properties€elicit€information€concerningÐ B’ Ðthe€nature€of€the€business€of€the€Company€and€its€properties.€€Make€clear€what€aspects€of€the€business€are€presently€inÏoperation€and€what€aspects€are€planned€to€be€in€operation€in€the€future.€€The€description€of€principal€properties€shouldÏprovide€information€which€will€reasonably€inform€investors€as€to€the€suitability,€adequacy,€productive€capacity€andÏextent€of€utilization€of€the€facilities€used€in€the€enterprise.€€Detailed€descriptions€of€the€physical€characteristics€of€theÏindividual€properties€or€legal€descriptions€by€metes€and€bounds€are€not€required€and€should€not€be€given.ÌÌà  àAs€to€Question€4,€if€more€than€five€events€or€milestones€exist,€add€additional€lines€as€necessary.€€A€"milestone"Ïis€a€significant€point€in€the€Company's€development€or€an€obstacle€which€the€company€must€overcome€in€order€toÏbecome€profitable.ÌÌà  àD.à ` àòòOffering€Price€Factorsóó.€€Financial€information€in€response€to€Questions€5,€6€and€7€should€be€consistentÐ ð@  Ðwith€the€Financial€Statements.€€Earnings€per€share€for€purposes€of€Question€5€should€be€calculated€by€dividing€earningsÏfor€the€last€fiscal€year€by€the€weighted€average€of€outstanding€shares€during€that€year.€€No€calculations€should€be€shownÏfor€periods€of€less€than€one€year€or€if€earnings€are€negative€or€nominal.€€For€purposes€of€Question€8,€the€"offering€price"Ïof€any€options,€warrants€or€rights€or€convertible€securities€in€the€offering€is€the€respective€exercise€or€conversion€price.ÌÌà  àE.à ` àòòUse€of€Proceedsóó.€€Use€of€net€proceeds€should€be€stated€with€a€high€degree€of€specificity.€€SuggestedÐ ¬"ü& Ð(but€not€mandatory)€categories€are:€€leases,€rent,€utilities,€payroll€(by€position€or€type),€purchase€or€lease€of€specificÏitems€of€equipment€or€inventory,€payment€of€notes,€accounts€payable,€etc.,€marketing€or€advertising€costs,€taxes,Ïconsulting€fees,€permits,€professional€fees,€insurance€and€supplies.€€Categories€will€vary€depending€on€the€Company'sÏplans.€€Use€of€footnotes€or€other€explanation€is€recommended€where€appropriate.€€Footnotes€should€be€used€to€indicateÏthose€items€of€offering€expenses€that€are€estimates.€€Set€forth€in€separate€categories€all€payments€which€will€be€madeÏimmediately€to€the€Company's€executive€officers,€directors€and€promoters,€indicating€by€footnote€that€these€paymentsÏwill€be€so€made€to€such€persons.€€If€a€substantial€amount€is€allocated€to€working€capital,€set€forth€separate€sub„categoriesÏfor€use€of€the€funds€in€the€Company's€business.ÌÌà  àIf€any€substantial€portion€of€the€proceeds€has€not€been€allocated€for€particular€purposes,€a€statement€to€thatÏeffect€as€one€of€the€Use€of€Net€Proceeds€categories€should€be€included€together€with€a€statement€of€the€amount€ofÏproceeds€not€so€allocated€and€a€footnote€explaining€how€the€Company€expects€to€employ€such€funds€not€so€allocated.ÌÌà  àF.à ` àòòPlan€of€Distributionóó.€€In€Question€26€if€the€proposed€business€of€the€Company€requires€a€minimumÐ ¸-)4 Ðamount€of€proceeds€to€commence,€or€to€proceed€with,€the€business€in€the€manner€proposed,€there€shall€be€establishedÐ ‚.Ò)5 Ðan€escrow€with€a€bank€or€savings€and€loan€association€or€other€similar€depository€institution€acting€as€independentÏescrow€agent€with€which€shall€be€immediately€deposited€all€proceeds€received€from€investors€until€the€minimum€amountÏof€proceeds€has€been€raised.€€Any€failure€to€deposit€funds€promptly€into€the€escrow€shall€be€grounds€for€enforcementÏproceedings€against€the€persons€involved.€€The€date€at€which€the€funds€will€be€returned€by€the€escrow€agent€if€theÏminimum€proceeds€are€not€raised€shall€not€be€later€than€one€year€from€the€date€of€effectiveness€of€the€registration€in€thisÏstate.ÌÌà  àG.à ` àòòCapitalizationóó.€€Capitalization€should€be€shown€as€of€a€date€no€earlier€than€that€of€the€most€recentÐ 6 † ÐFinancial€Statements€provided€pursuant€to€Question€46.€€If€the€Company€has€mandatory€redeemable€preferred€stock,Ïinclude€the€amount€thereof€in€"long€term€debt"€and€so€indicate€by€footnote€to€that€category€in€the€capitalization€table.ÌÌà  àH.à ` àòòOfficers€and€Key€Personnel€of€the€Companyóó.€€The€term€"Chief€Executive€Officer"€means€the€officerÐ ^ ®  Ðof€the€Company€who€has€been€delegated€final€authority€by€the€board€of€directors€to€direct€all€aspects€of€the€Company'sÏaffairs.€€The€term€"Chief€Operating€Officer"€means€the€officer€in€charge€of€the€actual€day„to„day€operations€of€theÏCompany's€business.€€The€term€"Chief€Financial€Officer"€means€the€officer€having€accounting€skills€who€is€primarilyÏin€charge€of€assuring€that€the€Company's€financial€books€and€records€are€properly€kept€and€maintained€and€financialÏstatements€prepared.ÌÌà  àThe€term€"key€personnel"€means€persons€such€as€vice€presidents,€production€managers,€sales€managers,€orÏresearch€scientists€and€similar€persons,€who€are€not€included€above,€but€who€make€or€are€expected€to€make€significantÏcontributions€to€the€business€of€the€Company,€whether€as€employees,€independent€contractors,€consultants€or€otherwise.ÌÌà  àI.à ` àòòPrincipal€Stockholdersóó.€€If€shares€are€held€by€family€members,€through€corporations€or€partnerships,Ð  \ Ðor€otherwise€in€a€manner€that€would€allow€a€person€to€direct€or€control€the€voting€of€the€shares€(or€share€in€suchÏdirection€or€control€„€as,€for€example,€a€co„trustee)€they€should€be€included€as€being€"beneficially€owned."€€AnÏexplanation€of€these€circumstances€should€be€set€forth€in€a€footnote€to€the€"Number€of€Shares€Now€Held."ÌÌà  àJ.à ` àòòManagement€Relationships,€Transactions€and€Remunerationóó.€€For€purposes€of€Question€39(b),€a€personÐ þN Ðdirectly€or€indirectly€controls€an€entity€if€he€is€part€of€the€group€that€directs€or€is€able€to€direct€the€entity's€activities€orÏaffairs.€€A€person€is€presumptively€a€member€of€a€control€group€if€he€is€an€officer,€director,€general€partner,€trustee€orÏbeneficial€owner€of€a€10%€or€greater€interest€in€the€entity.€€In€Question€40,€the€term€"Cash"€should€indicate€salary,Ïbonus,€consulting€fees,€non„accountable€expense€accounts€and€the€like.€€The€column€captioned€"Other"€should€includeÏthe€value€of€any€options€or€securities€given,€any€annuity,€pension€or€retirement€benefits,€bonus€or€profit„sharing€plans,Ïand€personal€benefits€(club€memberships,€company€cars,€insurance€benefits€not€generally€available€to€employees,€etc.).€ÏThe€nature€of€these€benefits€should€be€explained€in€a€footnote€to€this€column.ÌÌà  àK.à ` àòòFinancial€Statementsóó.€€Attach€to€the€Disclosure€Document€for€the€Company€and€its€consolidatedÐ !h$ Ðsubsidiaries,€a€balance€sheet€as€of€the€end€of€the€most€recent€fiscal€year.€€If€the€Company€has€been€in€existence€for€lessÏthan€one€fiscal€year,€attach€a€balance€sheet€as€of€the€date€within€135€days€of€the€date€of€filing€the€registration€statement.€ÏIf€the€first€effective€date€of€state€registration,€as€set€forth€on€the€Cover€Page€of€this€Disclosure€Document,€is€within€45Ïdays€after€the€end€of€the€Company's€fiscal€year€and€financial€statements€for€the€most€recent€fiscal€year€are€not€available,Ïthe€balance€sheet€may€be€as€of€the€end€of€the€preceding€fiscal€year€and€there€shall€be€included€an€additional€balance€sheetÏas€of€an€interim€date€at€least€as€current€as€the€end€of€the€Company's€third€fiscal€quarter€of€the€most€recently€completedÏfiscal€year.€€Also€attach,€for€the€Company€and€its€consolidated€subsidiaries€and€for€its€predecessors,€statements€of€incomeÏand€cash€flows€and€statements€of€changes€in€stockholders'€equity€for€the€last€fiscal€year€preceding€the€date€of€the€mostÏrecent€balance€sheet€being€attached,€or€such€shorter€period€as€the€Company€(including€predecessors)€has€been€inÏexistence.€€In€addition,€for€any€interim€period€between€the€latest€reviewed€or€audited€balance€sheet€and€the€date€of€theÏmost€recent€interim€balance€sheet€being€attached,€provide€statements€of€income€and€cash€flows.€€Financial€statementsÏshall€be€prepared€in€accordance€with€generally€accepted€accounting€principles.€€If€the€Company€has€not€conductedÏsignificant€operations,€statements€of€receipts€and€disbursements€shall€be€included€in€lieu€of€statements€of€income.€ÏInterim€financial€statements€may€be€unaudited.€€All€other€financial€statements€shall€be€audited€by€independent€certifiedÏpublic€accountants;€provided,€however,€that€if€each€of€the€following€four€conditions€are€met,€such€financial€statementsÏin€lieu€of€being€audited€may€be€reviewed€by€independent€certified€public€accountants€in€accordance€with€the€AccountingÏand€Review€Service€Standards€promulgated€by€the€American€Institute€of€Certified€Public€Accountants:€€(a)€the€CompanyÐ ‚.Ò)5 Ðshall€not€have€previously€sold€securities€by€means€of€an€offering€involving€the€general€solicitation€of€prospectiveÏinvestors€by€means€of€advertising,€mass€mailings,€public€meetings,€"cold€call"€telephone€solicitation€or€any€other€methodÏdirected€toward€the€public,€(b)€the€Company€has€not€been€previously€required€under€federal€or€state€securities€laws€toÏprovide€audited€financial€statements€in€connection€with€any€sale€of€its€securities,€(c)€the€aggregate€amount€of€all€previousÏsales€of€securities€by€the€Company€(exclusive€of€debt€Ô_ÔfinancingsÔ_Ô€with€banks€and€similar€commercial€lenders)€shall€notÏexceed€$1,000,000,€and€(d)€the€amount€of€the€present€offering€does€not€exceed€$500,000.ÌÌà  àIf€since€the€beginning€of€its€last€fiscal€year€the€Company€has€acquired€another€business,€provide€a€pro€formaÏcombined€balance€sheet€as€of€the€end€of€the€fiscal€year,€and€a€pro€forma€combined€statement€of€income€as€if€theÏacquisition€had€occurred€at€the€beginning€of€the€Company's€last€fiscal€year,€if€any€of€the€following€exists:€€(a)€theÏinvestments€in€and€advances€to€the€acquired€business€by€the€Company€and€its€subsidiaries'€(other€than€the€acquiredÏbusiness)€exceeds€20%€of€the€Company's€assets€on€its€consolidated€balance€sheet€at€the€end€of€the€Company's€last€fiscalÏyear,€(b)€the€Company's€and€its€subsidiaries€(other€than€the€acquired€business')€proportionate€share€of€the€total€assetsÏ(after€Ô_ÔintercompanyÔ_Ô€eliminations)€of€the€acquired€business€exceeds€20%€of€the€assets€on€the€consolidated€balance€sheet,Ïor€(c)€the€Company's€and€its€subsidiaries'€(other€than€the€acquired€business')€equity€in€income€from€continuing€operationsÏbefore€income€taxes,€extraordinary€items€and€cumulative€effect€of€a€change€in€accounting€principle,€of€the€acquiredÏbusiness€exceeds€20%€of€such€income€of€the€Company€and€its€consolidated€subsidiaries€for€the€Company's€last€fiscalÏyear.ÌÌà  àThe€financial€statements€should€reflect€all€stock€splits€(including€reverse€stock€splits),€stock€dividends€andÏÔ_ÔrecapitalizationsÔ_Ô€even€if€they€have€occurred€since€the€date€of€the€financial€statements.ÌÌÌà  àV.à ` àò òExhibitsó óÐ Ö& ÐÌà  àThere€shall€be€filed€with€the€Administrator€at€the€same€time€as€the€filing€of€the€Form€U„7€copies€of€each€of€theÏfollowing€documents€to€the€extent€applicable€as€exhibits€to€which€the€Administrator€may€refer€in€reviewing€the€FormÏU„7€and€which€will€be€available€for€public€inspection€by€any€person€upon€request.ÌÌà  à1.à ` àForm€of€Selling€Agency€Agreement.Ð ’â ÐÌà  à2.à ` àCompany's€Articles€of€Incorporation€or€other€Charter€documents€and€all€amendments€thereto.Ð &v ÐÌà  à3.à ` àCompany's€By„Laws,€as€amended€to€date.Ð º ! ÐÌà  à4.à ` àCopy€of€any€resolutions€by€directors€setting€forth€terms€and€provisions€of€capital€stock€to€be€issued.Ð N ž# ÐÌà  à5.à ` àAny€indenture,€form€of€note€or€other€contractual€provision€containing€terms€of€notes€or€other€debt,Ð â!2% Ðor€à  àà ` àof€options,€warrants€or€rights€to€be€offered.Ð ¬"ü& ÐÌà  à6.à ` àSpecimen€of€security€to€be€offered€(including€any€legend€restricting€resale).Ð @$( ÐÌà  à7.à ` àConsent€to€service€of€process€(Form€U„2)€accompanied€by€appropriate€corporate€resolution€(Form€U„Ð Ô%$!* Ðà  àà ` à2A).ÌÌà  à8.à ` àCopy€of€all€advertising€or€other€materials€directed€to€or€to€be€furnished€investors€in€the€offering.Ð 2(‚#- ÐÌà  à9.à ` àForm€of€escrow€agreement€for€escrow€of€proceeds.Ð Æ)%/ ÐÌà  à10.à ` àConsent€to€inclusion€in€Disclosure€Document€of€Accountant's€report.Ð Z+ª&1 ÐÌà  à11.à ` àConsent€to€inclusion€in€Disclosure€Document€of€Tax€Advisor's€opinion€or€description€of€tax€Ð î,>(3 Ðà  àà ` àconsequences.ÌÐ ‚.Ò)5 Ðà  à12.à ` àConsent€to€inclusion€in€Disclosure€Document€of€any€evaluation€of€litigation€or€administrative€action€Ð ° Ðà  àà ` àby€counsel.ÌÌà  à13.à ` àForm€of€any€Subscription€Agreement€for€the€purchase€of€securities€in€this€offering.Ð ^ ÐÌà  à14.à ` àOpinion€of€Counsel€required€in€paragraph€III.€D.€of€these€Instructions.Ð ¢ò ÐÌà  à15.à ` àSchedule€of€residence€street€addresses€of€Officers,€Directors€and€principal€stockholders.Ð 6 † ÐÌà  à16.ñŠ ñà ` àñŠ ññ‹ ñà0 ` àñ‹ ñWork€Sheets€showing€computations€of€responses€to€Questions€6,€7(a),€8(a),€8(b)€and€17(b),€usingÐ Ê   Ðformsñˆ ñ€à  àà ` àñˆ ññ‰ ñ€ñ‰ ñattached€to€these€Instructions.