Form U-7 - Small Company Offering Registration (Scor) Form Page 24
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38IMPOUND OF OFFERING PROCEEDS
73.
(a)
Will the Company impound the proceeds of the offering until it raises the minimum
offering proceeds?
[ ] Yes
[ ] No
73.
(b)
If yes, what is the minimum amount of proceeds that the Company must raise and
place in an impound account before the Company can receive and use the proceeds?
$
73.
(c)
If the answer to Item 73(a) is “yes,” state the date on which the offering will end if
the Company has not raised the minimum offering proceeds.
date
74.
(a)
Does the Company reserve the right to extend the impound period?
[ ] Yes
[ ] No
74.
(b)
If yes, describe the circumstances under which the Company might extend the
impound period.
75.
State the name, address, and telephone number of the bank or other similar depository
institution acting as impound agent.
76.
If the offering proceeds are returned to investors at the end of the impound period, will the
Company pay any interest earned during the impound period to investors?
[ ] Yes[ ] No
Small Company Offering Registration (SCOR) Form
Page - 24
Revised: September 28, 1999
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