[Federal Register Volume 70, Number 171 (Tuesday, September 6, 2005)]
[Notices]
[Page 53036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-17581]


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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 Odyssey Venture Partners II, L.P. 
(``Applicant''), 610 Newport Center Drive, Suite 1400, Newport Beach, 
CA 92660, 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)). Odyssey Venture Partners II, L.P. proposes to 
provide equity financing to Oryxe Energy International, Inc., 6 Thomas 
Avenue, Irvine, CA 92618. The financing is contemplated for working 
capital and research & development.
    A conflict of interest exemption is required because the Oryxe 
investment is considered financing of an Associate under 13 CFR 
107.730(a). Oryxe is an Associate of the Applicant for two reasons: (1) 
Affiliates of Applicant, Odyssey Strategic Partners (OSP) and Odyssey 
Strategic Equity (OSE), had a greater than 10 percent fully diluted 
investment in Oryxe prior to Applicant's initial investment; (2) Walter 
Schindler, one of Applicant's principals, serves as chairman and CEO of 
Oryxe.
    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.

Jaime Guzm[aacute]n-Fournier,
Associate Administrator for Investment
[FR Doc. 05-17581 Filed 9-2-05; 8:45 am]
BILLING CODE 8625-01-M