w& Virgin Islands Office of the Lieutenant Governor



Division of Banking and Insurance



Kongens Gade #5049, Chartotte Amalic. St. Thomas. USVI. 00802 © (340) 774-7166 © Fax (340) 774-9458



No. 5/2006



ORDER



WHEREAS, the Lieutenant Governor or his designee, as

Administrator of the Uniform Securities Act as set forth in 9 V.I.C. § 602(1)

and § 661(a), may issue forms and orders pursuant to 9 V.ILC. § 665(a)(1):

and



WHEREAS, in accordance with 9 V.ILC. §§ 622(a) and (b), the

Administrator may require the filing of certain documents with respect to a

security issued by an investment company that is a federal covered security.



NOW, THEREFORE, the premises having been considered as set

forth above, and the Administrator having found that this Order, in concert

with 9 V.I.C § 665, is necessary or appropriate in the public interest and is

consistent with the purpose of the Uniform Securities Act: it is hereby



ORDERED that, in accordance with 9 V.I.C. § 622(c) as set forth in

Act 6678, a person making a Notice Filing for a security being offered

pursuant to Regulation D 505 or D 506, shall file, within 15 days after the



first sale in the Virgin Islands:

Order No. 5/2006



1. Form D (Notice of Sale of Securities Pursuant to Regulation D,

Section 4(6), and /or Uniform Limited Offering Exemption),

including Part E and the appendix;



2. Form U-2 (Consent to Service of Process);



3. A filing fee of $1500.00; provided however, that late filings shall

be subject to a late fee of $3000; and



4. A cover letter noting the first day of sale in the Virgin Islands; and

It 1S



FURTHER ORDERED that all applicants that have previously filed



Form D (Notice of Sale of Securities Pursuant to Regulation D, Section 4



(6), and/or Uniform Limited Offering Exemption) must record all material



amendments made thereto by submitting to the Division of Banking and

Insurance the following information:



1. All documents evidencing material amendments made



subsequent to applicant’s initial filing in the U.S.V.I. and

all related information and exhibits;



SS)



An amendment filing fee of $50: and



3. Such other information or submission as the Administrator

may request.



Dated this / fe “Gay of February 2006 at St. Thomas} U. S. Virgin Islands.



ONS Tae a Cle pay



Deverita Carty Sturdivant



Director



Designee of the Lieutenant Governor/

Securities Administrator