BLUE SKY LAWS
In addition to complying with federal regulations
all public offerings must also comply with state regulations for each state
in which the issuer plans to market the Offering. The applicable statutes
are often referred to as the 'Blue Sky Laws'. Usually it means that the Offering
Circular has been filed with, or filed and reviewed by the appropriate state
agency together with any additional information required by the local statute
in order to effect compliance.
OFFERING AVAILABLE IN LIMITED NUMBER OF STATES
The Offering Circulars referred to herein have only been blue skyed in
a limited number of states. If you are a resident of a state in which the
Offering Circular which has been requested, is not blue skyed you will probably
be notified by E-Mail and you will not receive a copy of the Offering Circular.
However, in such instances that numerous requests have indicated sufficient
interest from that state, the Offering will probably then be blue skyed in
that state, and those persons making inquiries should subsequently receive
a copy of the Offering Circular.