[Federal Register Volume 69, Number 114 (Tuesday, June 15, 2004)]
[Notices]
[Page 33454]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-13339]


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SMALL BUSINESS ADMINISTRATION


Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest

    Notice is hereby given that Horizon Ventures Fund II, L.P. 
(``Applicant''), 4 Main Street, Suite 50, Los Altos, CA 94022, an SBIC 
Applicant under the Small Business Investment Act of 1958, as amended 
(``the Act''), in connection with the financing of a small concern, has 
sought an exemption under section 312 of the Act and section 107.730, 
Financings which Constitute Conflicts of Interest, of the Small 
Business Administration (``SBA'') rules and regulations (13 CFR 107.730 
(2004)). Horizon Ventures Fund II, L.P. proposes to provide equity 
financing to Flexlogics, Inc., 555 Mathilda Avenue, Suite 100, 
Sunnyvale, CA 94086. The financing is contemplated for marketing, 
working capital and research and development.
    The financing is brought within the purview of section 
107.730(a)(1) of the Regulations because Horizon Ventures Fund I, L.P. 
and Horizon Ventures Advisors Fund I, Associates of the Applicant 
currently owns greater than 10 percent of Flexlogics, Inc., and 
therefore Flexlogics, Inc. is considered an Associate of the Applicant 
as defined in section 107.50 of the Regulations.
    Notice is hereby given that any interested person may submit 
written comments on the transaction to the Associate Administrator for 
Investment, U.S. Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416.

    Dated: June 3, 2004.
Jeffrey D. Pierson,
Associate Administrator for Investment.
[FR Doc. 04-13339 Filed 6-14-04; 8:45 am]
BILLING CODE 8025-01-P