Impounding Agreement - Virginia State Corporation Commission Page 2
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1
2S.A. 13
SPECIAL INSTRUCTIONS
In order to substantiate that the terms of the impounding agreement have been complied
with the following documentation together with a request for authorization to disburse funds must
be submitted to the State Corporation Commission's Division of Securities and Retail
Franchising. Upon receipt of Items 1 and 2 below, the written authorization to disburse funds will
be processed:
1.
An affidavit from the issuer (its president or other appropriate officer) that the
requisite percentage of the offering has been sold and paid for.
2.
An affidavit from the depository (its president or other appropriate officer) setting
forth the total aggregate sum being held by the depository pursuant to the terms
of the impounding agreement.
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