Form SEC 1981 SEC 1981 Form F-1 - Registration Statement

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM F-1

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
___________________________________________________________________________________________________________
(Exact name of Registrant as specified in its charter)
____________________________________________________________________________________________________________
(Translation of Registrant’s name into English)
___________________________________
(State or other jurisdiction of
incorporation or organization)

___________________________________
(Primary Standard Industrial
Classification Code Number)

_______________________________
(I.R.S. Employer
Identification No.)

____________________________________________________________________________________________________________
(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
____________________________________________________________________________________________________________
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Approximate date of commencement of proposed sale to the public: _________________________________________________________
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933, check the following box.
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following
box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.
If this Form is a post-efective amendment fled pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act registration statement number of the earlier efective registration statement for the same ofering.
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.
Emerging growth company
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards†
provided pursuant to Section 7(a)(2)(B) of the Securities Act .
† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to
its Accounting Standards Codification after April 5, 2012.

SEC 1981 (02-21)

Persons who respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.

CALCULATION OF REGISTRATION FEE
Title of each
class of securities
to be registered

Proposed maximum
offering price
per unit

Amount to be
registered

Proposed maximum
aggregate offering
price

Amount of
registration fee

Note:Specific details relating to the fee calculation shall be furnished in notes to the table, including references to provisions of Rule 457
(§230.457 of this chapter) relied upon, if the basis of the calculation is not otherwise evident from the information presented in the table.
If the filing fee is calculated pursuant to Rule 457(o) under the Securities Act, only the title of the class of securities to be registered, the
proposed maximum aggregate offering price for that class of securities and the amount of registration fee need to appear in the Calculation
of Registration Fee table. Any difference between the dollar amount of securities registered for such offerings and the dollar amount of
securities sold may be carried forward on a future registration statement pursuant to Rule 429 under the Securities Act.

GENERAL INSTRUCTIONS
I.

Eligibility Requirements for Use of Form F-1

A.

Form F-1 shall be used for registration under the Securities Act of 1933 (“Securities Act”) of securities of all foreign private issuers
as defined in Rule 405 (§230.405 of this chapter) for which no other form is authorized or prescribed.
In addition, this form shall not be used for an offering of asset-backed securities, as defined in 17 CFR 229.1101.

B.

If a registrant is a majority-owned subsidiary, which does not itself meet the conditions of these eligibility requirements, it shall
nevertheless be deemed to have met such conditions if its parent meets the conditions and if the parent fully guarantees the securities
being registered as to principal and interest. Note: In such an instance the parent-guarantor is the issuer of a separate security
consisting of the guarantee which must be concurrently registered but may be registered on the same registration statement as are
the guaranteed securities. Both the parent-guarantor and the subsidiary shall each disclose the information required by this Form
as if each were the only registrant except that if the subsidiary will not be eligible to file annual reports on Form 20-F after the
effective date of the registration statement, then it shall disclose the information specified in Forms S-1 (§239.11 of this chapter).
Rule 3-10 of Regulation S-X (§210.3-10 of this chapter) specifies the financial statements required.

II.

Application of General Rules and Regulations

A.

Attention is directed to the General Rules and Regulations under the Securities Act, particularly Regulation C (§230.400 et seq. of
this chapter) thereunder. That Regulation contains general requirements regarding the preparation and filing of registration statements.

B.

Attention is directed to Regulation S-K (§229.22 of this chapter) and Form 20-F (§249.220f of this chapter) for the requirements
applicable to the content of registration statements under the Securities Act. Where this Form directs the registrant to furnish
information required by Regulation S-K or Form 20-F and the item of Regulation S-K or Form 20-F so provides, information need
only be furnished to the extent appropriate.

C.

A registrant must file the Form F-1 registration statement in electronic format via the Commission’s Electronic Data Gathering
and Retrieval System (EDGAR) in accordance with the EDGAR rules set forth in Regulation S-T (17 CFR part 232), except that
a registrant that has obtained a hardship exception under Regulation S-T Rule 201 or 202 (17 CFR 232.201 or 232.202) may file
the registration statement in paper. For assistance with EDGAR questions, call the Filer Support Office at (202) 551-8900.

III. Exchange Offers
If any of the securities being registered are to be offered in exchange for securities of any other issuer the prospectus shall also
include the information which would be required by Item 11 if the securities of such other issuer were registered on this Form. If such
other issuer is not eligible to use this Form F-1, then the prospectus shall include the information which would be required by Item 11 of
Form S-1 (§239.11 of this chapter) if the securities of such other issuer were being registered on Form S-1. There shall also be included the
information concerning such securities of such other issuer which would be called for by Item 9 if such securities were being registered.
In connection with this instruction, reference is made to Rule 409 (§229.501 of this chapter).
IV.

Roll-up Transactions
If the securities to be registered on this Form will be issued in a roll-up transaction as defined in Item 901(c) of Regulation S-K (17

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CFR 229.901(c)), attention is directed to the requirements of Form S-4 applicable to roll-up transactions, including, but not limited to,
General Instruction I.

V.

Registration of Additional Securities

With respect to the registration of additional securities for an offering pursuant to Rule 462(b) under the Securities Act, the registrant
may file a registration statement consisting only of the following: the facing page; a statement that the contents of the earlier registration
statement, identified by file number, are incorporated by reference; required opinions and consents; the signature page; and any pricerelated information omitted from the earlier registration statement in reliance on Rule 430A that the registrant chooses to include in the
new registration statement. The information contained in such a Rule 462(b) registration statement shall be deemed to be a part of the
earlier registration statement as of the date of effectiveness of the Rule 462(b) registration statement. Any opinion or consent required
in the Rule 462(b) registration statement may be incorporated by reference from the earlier registration statement with respect to the
offering, if: (i) such opinion or consent expressly provides for such incorporation; and (ii) such opinion relates to the securities registered
pursuant to Rule 462(b). See Rule 439(b) under the Securities Act [17 CFR 230.439(b)].
VI. Eligibility to Use Incorporation by Reference
If a registrant meets the following requirements immediately prior to the time of filing a registration statement on this Form, it may
elect to provide information required by Item 3 and Item 4 of this Form in accordance with Item 4A and Item 5 of this Form. Notwithstanding the foregoing, in the financial statements, incorporating by reference or cross-referencing to information outside of the financial statements is not permitted unless otherwise specifically permitted or required by the Commission’s rules or by U.S. Generally
Accepted Accounting Principles or International Financial Reporting Standards as issued by the International Accounting Standards
Board, whichever is applicable.
A. The registrant is subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 (“Exchange Act”);
B. The registrant has filed all reports and other materials required to be filed by Section 13(a) or 15(d) of the Exchange Act
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports and materials);
C. The registrant has filed an annual report required under Section 13(a) or 15(d) of the Exchange Act for its most recently
completed fiscal year;
D. The registrant is not:
1. And during the past three years neither the registrant nor any of its predecessors was:
(a) A blank check company as defined in Rule 419(a)(2) (§230.419(a)(2) of this chapter);
(b) A shell company, other than a business combination related shell company, each as defined in Rule 405
(§230.405 of this chapter); or
(c) A registrant for an offering of penny stock as defined in Rule 3a51-1 of the Exchange Act (§240.3a51-1
of this chapter);
2. Registering an offering that effectuates a business combination transaction as defined in Rule 165(f)(1)
(§230.165(f)(1) of this chapter);
E. If a registrant is a successor registrant it shall be deemed to have satisfied conditions A., B., C., and D.2. above if:
1. Its predecessor and it, taken together, do so, provided that the succession was primarily for the purpose of changing the state or other jurisdiction of incorporation of the predecessor or forming a holding company and that the assets and liabilities of
the successor at the time of succession were substantially the same as those of the predecessor; or
2. All predecessors met the conditions at the time of succession and the registrant has continued to do so since the
succession; and
F. The registrant makes its reports filed pursuant to Sections 13 or 15(d) of the Exchange Act that are incorporated by reference pursuant to Item 4A or Item 5 of this Form readily available and accessible on a Web site maintained by or for the registrant
and containing information about the registrant.
PART I — INFORMATION REQUIRED IN PROSPECTUS

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Item 1.

Forepart of Registration Statement and Outside Front Cover Page of Prospectus.

Set forth in the forepart of the registration statement and on the outside front cover page of the prospectus the information required by
Item 501 of Regulation S-K (§229.501 of this chapter).
Item 2.

Inside Front and Outside Back Cover Pages of Prospectus.

Set forth on the inside front cover page of the prospectus or, where permitted, on the outside back cover page the information required
by Item 502 of Regulation S-K (§229.502 of this chapter).
Item 3.

Summary Information, Risk Factors and Ratio of Earnings to Fixed Charges.

Furnish the information required by Items 105 and 503 of Regulation S-K (§ 229.105 and § 229.503 of this chapter).
Item 4.

Information with Respect to the Registrant and the Offering.

Furnish the following information with respect to the Registrant.
a.

Information required by Part I of Form 20-F.

b.

Information required by Item 18 of Form 20-F (Schedules required under Regulation S-X shall be filed as “Financial Statement
Schedules Pursuant to Item 8, Exhibit and Financial Statement Schedules, of this Form), as well as any information required
by Rule 3-05 and Article 11 of Regulation S-X (part 210 of this chapter).

c. [Reserved]
d. Information required by Item 16F of Form 20-F.
e. State that the SEC maintains an Internet site that contains reports, proxy and information statements, and other information
regarding issuers that file electronically with the SEC and state the address of that site (http://www.sec.gov). Disclose your
Internet address, if available.
Item 4A. Material Changes.
(a) If the registrant elects to incorporate information by reference pursuant to General Instruction VI., describe any and all material
changes in the registrant’s affairs which have occurred since the end of the latest fiscal year for which audited financial
statements were included in accordance with Item 5 of this Form and which have not been described in a report on Form 6-K, Form
10-Q or Form 8-K filed under the Exchange Act and incorporated by reference pursuant to Item 5 of this Form.
(b)1. Include in the prospectus contained in the registration statement, if not included in the reports filed under the Exchange Act
which are incorporated by reference into the prospectus contained in the registration statement pursuant to Item 5:
i. Information required by Rule 3-05 and Article 11 of Regulation S-X (§210.3-05 and §210.11 et seq. of this
chapter);
ii. Restated financial statements if there has been a change in accounting principles or a correction of an error where
such change or correction requires material retroactive restatement of financial statements;
iii. Restated financial statements where a combination of entities under common control has been consummated subsequent to the most recent fiscal year and the transferred businesses, considered in the aggregate, are significant
under Rule 11-01(b) (§ 210.11-01(b) of this chapter); or
iv. Any financial information required because of a material disposition of assets outside the normal course of
business.
2. If the financial statements included in this registration statement in accordance with Item 5 are not sufficiently current to comply
with the requirements of Item 8.A of Form 20-F, financial statements necessary to comply with that Item shall be presented:
i. Directly in the prospectus;
ii. Through incorporation by reference and delivery of a Form 6-K identified in the prospectus as containing such
iii. Through incorporation by reference of an amended Form 20-F, Form 40-F, or Form 10-K, in which
case the prospectus shall disclose that the Form 20-F, Form 40-F, or Form 10-K has been so amended.

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Instruction. Financial statements or information required to be furnished by this Item shall be reconciled pursuant to Item 18 of
Form 20-F.
Item 5. Incorporation of Certain Information by Reference.
If the registrant elects to incorporate information by reference pursuant to General Instruction VI.:
(a) It must specifically incorporate by reference into the prospectus contained in the registration statement the following
documents by means of a statement to that effect in the prospectus listing all such documents:
1. The registrant’s latest annual report on Form 20-F, Form 40-F or Form 10-K filed under the Exchange Act.
2. Any report on Form 10-Q or Form 8-K filed since the date of filing of the annual report. The registrant may also
incorporate by reference any Form 6-K meetingthe requirements of this Form.
Note to Item 5(a). Attention is directed to Rule 439 (§230.439) regarding consent to use of material incorporated by reference.
(b)1. The registrant must state:
i. That it will provide to each person, including any beneficial owner, to whom a prospectus is delivered, a copy of
any or all of the reports or documents that have been incorporated by reference in the prospectus contained in the
registration statement but not delivered with the prospectus;
ii. That it will provide these reports or documents upon written or oral request;
iii. That it will provide these reports or documents at no cost to the requester;
iv. The name, address, telephone number, and e-mail address, if any, to which the request for these reports or
documents must be made; and
v. The registrant’s Web site address, including the uniform resource locator (URL) where the incorporated reports
and other documents may be accessed.
Note to Item 5.(b)1. If the registrant sends any of the information that is incorporated by reference in the prospectus contained in the
registration statement to security holders, it also must send any exhibits that are specifically incorporated by reference in that information.
2. The registrant must:
i. Identify the reports and other information that it files with the SEC; and
ii. State that the SEC maintains an Internet site that contains reports, proxy and information statements, and
other information regarding issuers that file electronically with the SEC and state the address of that site
(http://www.sec.gov).
PART II — INFORMATION NOT REQUIRED IN PROSPECTUS
Item 6.

Indemnification of Directors and Officers.

Furnish the information required by Item 702 of Regulation S-K.
Item 7.

Recent Sales of Unregistered Securities.

Furnish the information required by Item 701 of Regulation S-K.
Item 8.

Exhibits and Financial Statement Schedules.

a.

Subject to the rules regarding incorporation by reference, furnish the exhibits required by Item 601 of Regulation S-K.

b.

Furnish financial statement schedules required by Regulation S-X and Item 4(b) of this Form. These schedules shall be lettered
or numbered in the manner described for exhibits in paragraph (a).

Item 9.

Undertakings.

Furnish the undertakings required by Item 512 of Regulation S-K.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of ______________________, State of ___________on _________, 20_____.
(Registrant)________________________________________________________________________________________________
By (Signature and Title) ____________________________________________________________________________________
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
(Signature_________________________________________________________________________________________________
(Title) ___________________________________________________________________________________________________

(Date) __________________________________________________________________________________
Instructions
1. The registration statement shall be signed by the registrant, its principal executive officer or officers, its principal financial officer,
its controller or principal accounting officer, at least a majority of the board of directors or persons performing similar functions, and its authorized representative in the United States. Where the registrant is a limited partnership, the registration statement
shall be signed by a majority of the board of directors of any corporate general partner signing the registration statement.
2. The name of each person who signs the registration statement shall be typed or printed beneath his signature. Any person who occupies more than one of the specified positions shall indicate each capacity in which he signs the registration statement. Attention is
directed to Rule 402 concerning manual signatures and Item 601 of Regulation S-K concerning signatures pursuant to powers of
attorney.
INSTRUCTIONS AS TO SUMMARY PROSPECTUSES
1. A summary prospectus used pursuant to Rule 431 (§230.431 of this chapter), shall at the time of its use contain such of the information specified below as is then included in the registration statement. All other information and documents contained in the registration
statement may be omitted.
(a) As to Item 1, the aggregate offering price to the public, the aggregate underwriting discounts and commissions and the
offering price per unit to the public;
(b) As to Item 2, a statement concerning the enforceability of civil liabilities against foreign persons [Item 502(f) of Regulation S-K (§229.502 of this chapter)];
(c) i.
a brief statement of the principal purposes for which the proceeds are to be used;
ii.

a statement as to the amount of the offering, if any, to be made for the account of security holders;

iii. the name of the managing underwriter or underwriters and a brief statement as to the nature of the underwriter’s obligation to take the securities; if any securities to be registered are to be offered otherwise than through underwriters, a brief statement as
to the manner of distribution; and, if securities are to be offered otherwise than for cash, a brief statement as to the general purposes of
the distribution, the basis upon which the securities are to be offered, the amount of compensation and other expenses of distribution,
and by whom they are to be borne;
iv. a brief statement as to dividend rights, voting rights, conversion rights, interest, maturity, exchange controls, tax treaties,
limitations on ownership or voting;

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v. As to Item 4, a brief statement of the general character of the business done and intended to be done and a brief statement
of the nature and present status of any material pending legal proceedings; and
(vi) Subject to appropriate variation to conform to the nature of the registrant’s business, provide summarized financial information defined by Rule 1-02(bb)(1)(i) and (ii) of Regulation S-X (§ 210.1-02(bb) of this chapter) in comparative columnar form for
the periods for which financial statements are required by Item 8.A. of Form 20-F. If interim period financial statements are included,
the summarized financial information should be updated for that interim period, which may be unaudited, provided that fact is stated.
If summarized financial data for interim periods is provided, comparative data from the same period in the prior financial year shall
also be provided, except that the requirement for comparative balance sheet data is satisfied by presenting the year-end balance sheet
information.
(d) A tabular presentation of notes payable, long term debt, deferred credits, minority interests, if material, and the equity section of
the latest balance sheet filed, as may be appropriate.
2. The summary prospectus shall not contain a summary or condensation of any other required financial information except as provided above.
3. Where securities being registered are to be offered in exchange for securities of any other issuer, the summary prospectus also
shall contain that information specified in paragraphs 1.(c)(iv) and 1.(c)(v) above which would be required if the securities of such
other issuer were registered on this Form or Form S-1 according to General Instruction III.
4. The Commission may, upon request of the registrant, and where consistent with the protection of investors, permit the omission
of any of the information herein required or the furnishing in substitution thereof of appropriate information of comparable character.
The Commission may also require the inclusion of other information in addition to, or in substitution for, the information
herein required in any case where such information is necessary or appropriate for the protection of investors.

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