March 16, 2009 Due Date For Form D Amendments For Certain Ongoing Offerings

Under rules adopted by the Securities and Exchange Commission, issuers that filed an initial Form D or an amendment to a Form D with the SEC on or before March 16, 2008, and that wish to continue an ongoing securities offering in reliance upon the registration exemptions provided under Regulation D under the Securities Act of 1933 must make a Form D amendment filing with the SEC on or before March 16, 2009. The rules were adopted by the SEC to implement new electronic filing requirements for Form D, and apply broadly to different types of issuers, including open-end hedge and institutional funds, as well as private equity, venture and real estate funds with offering periods that extend over the relevant time periods ("Funds"). In addition to filing electronically through the EDGAR system using the new Form D, Funds may rely on temporary transition rules that allow the Form D amendment to be filed before March 16, 2009 in one of two ways: (i) on paper, using a printed