[Federal Register Volume 71, Number 35 (Wednesday, February 22, 2006)]
[Notices]
[Page 9188]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-2430]


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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 Gemini Investors IV, L.P. 
(``Applicant''), 20 William Street, Wellesley, MA 02481, 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 Sec.  107.730, 
Financings which Constitute Conflicts of Interest, of the Small 
Business Administration (``SBA'') rules and regulations (13 CFR 107.730 
(2004)). Gemini Investors IV, L.P. proposes to provide financing in the 
form of subordinated debt with warrant to purchase 5% of common stock 
of UMD Technology, Inc. (``UMD''), 1499 SE Tech Center Place, Suite 
140, Vancouver, WA 98683. The financing is contemplated for growth, 
modernization, working capital and business expansion of UMD.
    This investment requires an exemption from the prohibitions in 13 
CFR 107.730, Conflicts of Interest, because an affiliated SBIC, Gemini 
Investors III, L.P. (``Gemini III''), has a controlling equity interest 
(66% pre-closing, 62.7% post closing) in UMD. Therefore, UMD 
Technology, Inc. is considered an Associate of the Applicant as defined 
in Sec.  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.

Jaime Guzm[agrave]n-Fournier,
Associate Administrator for Investment.
 [FR Doc. E6-2430 Filed 2-21-06; 8:45 am]
BILLING CODE 8025-01-P