The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001157174
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Insurance Company Separate Account
Name of Issuer
COLI VUL-7 SERIES ACCOUNT
Jurisdiction of Incorporation/Organization
COLORADO
Year of Incorporation/Organization
X Over Five Years Ago
   Within Last Five Years (Specify Year)
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
COLI VUL-7 SERIES ACCOUNT
Street Address 1 Street Address 2
8515 EAST ORCHARD ROAD
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
GREENWOOD VILLAGE COLORADO 80111 303-737-3000

3. Related Persons

Last Name First Name Middle Name
Great-West Life & Annuity Insurance Company
Street Address 1 Street Address 2
8515 E. Orchard Road
City State/Province/Country ZIP/PostalCode
Greenwood Village COLORADO 80111
Relationship:    Executive Officer    Director X Promoter

Clarification of Response (if Necessary):

The issuer is an insurance company separate account established and maintained by Great-West Life & Annuity Insurance Company pursuant to applicable state law to fund variable life insurance contracts.

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
   Insurance
   Investing
   Investment Banking
X Pooled Investment Fund
   Hedge Fund
   Private Equity Fund
   Venture Capital Fund
X Other Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes X No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
   Commercial
   Construction
   REITS & Finance
   Residential
   Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
   No Revenues    No Aggregate Net Asset Value
   $1 - $1,000,000    $1 - $5,000,000
   $1,000,001 - $5,000,000    $5,000,001 - $25,000,000
   $5,000,001 - $25,000,000    $25,000,001 - $50,000,000
   $25,000,001 - $100,000,000    $50,000,001 - $100,000,000
   Over $100,000,000    Over $100,000,000
   Decline to Disclose X Decline to Disclose
   Not Applicable    Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

   Rule 504(b)(1) (not (i), (ii) or (iii))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
X Rule 506(b)
   Rule 506(c)
   Securities Act Section 4(a)(5)
X Investment Company Act Section 3(c)
   Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
X Section 3(c)(7)

7. Type of Filing

   New Notice Date of First Sale 2002-05-30    First Sale Yet to Occur
X Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
X Yes    No

9. Type(s) of Securities Offered (select all that apply)

   Equity X Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security X Other (describe)
Variable life insurance contract

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
   Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
Phillip L. Currie, Jr. 1942867
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Valmark Securities, Inc. 31243
Street Address 1 Street Address 2
600 36th Street
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92663
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Andrew P. Arigo 2949837
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Newport Group Securities, Inc. 29722
Street Address 1 Street Address 2
300 Primera Blvd. Suite 200
City State/Province/Country ZIP/Postal Code
Lake Mary FLORIDA 32746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Brian A. Donofry 2820997
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Kestra Investment Services, LLC 42046
Street Address 1 Street Address 2
2600 Kelly Road Suite 210
City State/Province/Country ZIP/Postal Code
Warrington PENNSYLVANIA 18976
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
IOWA
OHIO
Recipient
Recipient CRD Number    None
Adam C. Monson 6037491
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Valmark Securities, Inc. 31243
Street Address 1 Street Address 2
600 36th St.
City State/Province/Country ZIP/Postal Code
Newport Beach CALIFORNIA 92663
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Corby N. Dall 2060321
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors, Inc. 25803
Street Address 1 Street Address 2
8706 South 700 East Suite 104
City State/Province/Country ZIP/Postal Code
Sandy UTAH 84070
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
John M. Argue 2472387
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FAS Corp. 43536
Street Address 1 Street Address 2
4747 W 135th St. Suite 100
City State/Province/Country ZIP/Postal Code
Leawood KANSAS 66224
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Michael E. Nolan 1157483
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lincoln Financial Advisors Corporation 3978
Street Address 1 Street Address 2
6720-B Rockledge Drive Suite 140
City State/Province/Country ZIP/Postal Code
Bethesda MARYLAND 20817
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
MINNESOTA
Recipient
Recipient CRD Number    None
Samir H. Sheth 2511571
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FAS Corp. 43536
Street Address 1 Street Address 2
4747 W 135th St. Suite 100
City State/Province/Country ZIP/Postal Code
Leawood KANSAS 66224
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
DELAWARE
Recipient
Recipient CRD Number    None
Thomas A. Cook 5577551
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Capacuity Securities, Inc. 15384
Street Address 1 Street Address 2
300 International Parkway #350
City State/Province/Country ZIP/Postal Code
Lake Mary FLORIDA 32746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Alan C. Bolotin 2382982
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
MML Investors Services, LLC 10409
Street Address 1 Street Address 2
301 Edgewater Place Suite 200
City State/Province/Country ZIP/Postal Code
Wakefield MASSACHUSETTS 01880
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Bo Y. Lee 3268231
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Kestra Investment Services, LLC 42046
Street Address 1 Street Address 2
2600 Kelly Rd. Suite 210
City State/Province/Country ZIP/Postal Code
Warrington PENNSYLVANIA 18976
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
IOWA
Recipient
Recipient CRD Number    None
Fred Hill 3035352
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Executive Services Securities, LLC 25299
Street Address 1 Street Address 2
3445 Peachtree Road NE Suite 200
City State/Province/Country ZIP/Postal Code
Atlanta GEORGIA 30326
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Rhonda L. Miller 2817273
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M Holdings Securities, Inc. 43285
Street Address 1 Street Address 2
3333 Michelson Drive Suite 820B
City State/Province/Country ZIP/Postal Code
Irvine CALIFORNIA 92612
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
DELAWARE
TEXAS
Recipient
Recipient CRD Number    None
Sean P. Devlin 2782108
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Newport Group Securities, Inc. 29722
Street Address 1 Street Address 2
300 Primera Blvd. Suite 200
City State/Province/Country ZIP/Postal Code
Lake Mary FLORIDA 32746
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Shirley A. H. McMillan 2745761
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M Holdings Securities, Inc. 43285
Street Address 1 Street Address 2
1125 NW Couch St. Suite 900
City State/Province/Country ZIP/Postal Code
Portland OREGON 97209
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Suzette M. Clark 3153620
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lockton Financial Advisors, LLC 137476
Street Address 1 Street Address 2
444 W 47th St. Suite 900
City State/Province/Country ZIP/Postal Code
Kansas City MISSOURI 64112
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NORTH DAKOTA
Recipient
Recipient CRD Number    None
Brayden D. Dall 5582011
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Triad Advisors, LLC 25803
Street Address 1 Street Address 2
8706 South 700 East Suite 104
City State/Province/Country ZIP/Postal Code
Sandy UTAH 84070
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
David H. Fisher 1438120
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Valmark Securities, Inc. 31243
Street Address 1 Street Address 2
3263 River Highlands Way
City State/Province/Country ZIP/Postal Code
Dublin OHIO 43017
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
David S. Hauptman 2749100
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M Holdings Securities, Inc. 43285
Street Address 1 Street Address 2
1125 NW Couch St Suite 900
City State/Province/Country ZIP/Postal Code
Portland OREGON 97209
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VERMONT
Recipient
Recipient CRD Number    None
Edward C. Houghton, IV 735581
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
M Holdings Securities, Inc. 43285
Street Address 1 Street Address 2
210 N. Campbell
City State/Province/Country ZIP/Postal Code
El Paso TEXAS 79901
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Gordon T. Chisholm 2938261
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Valmark Securities, Inc. 31243
Street Address 1 Street Address 2
150 South Wacker Drive Suite 2400
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
DELAWARE
Recipient
Recipient CRD Number    None
James M. Foyt 3152720
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Northwestern Mutual Investment Services, LLC 2881
Street Address 1 Street Address 2
2031 11th Avenue South
City State/Province/Country ZIP/Postal Code
Birmingham ALABAMA 35205
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
Recipient
Recipient CRD Number    None
Jeffery P. Peterson 1333145
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Northwestern Mutual Investment Services, LLC 2881
Street Address 1 Street Address 2
600 Montgomery Street Suite 1600
City State/Province/Country ZIP/Postal Code
San Francisco CALIFORNIA 94111
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
Recipient
Recipient CRD Number    None
Jeffrey J. Cullen 4408760
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
LPL Financial, LLC 6413
Street Address 1 Street Address 2
25434 Prairiewood Lane
City State/Province/Country ZIP/Postal Code
Shorewood ILLINOIS 60404
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Jeffrey M. Gratton 3193171
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cetera Advisor Networks, LLV 13572
Street Address 1 Street Address 2
201 Lake Street Suite 240
City State/Province/Country ZIP/Postal Code
Wayzata MINNESOTA 55391
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MINNESOTA
Recipient
Recipient CRD Number    None
Jon P. Willhite 1350985
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
UBS Financial Services, Inc. 8174
Street Address 1 Street Address 2
1780 Hughes Landing Blvd. Suite 200
City State/Province/Country ZIP/Postal Code
The Woodlands TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
TEXAS
Recipient
Recipient CRD Number    None
Jonathan A. Resin 2308703
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RBC Capital Markets, LLC 31194
Street Address 1 Street Address 2
2361 Rosecrans Ave Suite 460
City State/Province/Country ZIP/Postal Code
El Segundo CALIFORNIA 90145
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Kenneth J. DePaola 6312756
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Valmark Securities, Inc. 31243
Street Address 1 Street Address 2
150 South Wacker Drive Suite 2400
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
DELAWARE
Recipient
Recipient CRD Number    None
Phillip A. Pickett 4739154
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Northwestern Mutual Investment Services, LLC 2881
Street Address 1 Street Address 2
2031 11th Avenue South
City State/Province/Country ZIP/Postal Code
Birmingham ALABAMA 35205
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
Recipient
Recipient CRD Number    None
Phillip S. Hammit 2409244
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RBC Capital Markets, LLC 31194
Street Address 1 Street Address 2
2361 Rosecrans Ave. Suite 460
City State/Province/Country ZIP/Postal Code
El Segundo CALIFORNIA 90145
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Richard C. Callister 3185802
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FAS Corp. 43536
Street Address 1 Street Address 2
4747 W 135th St. Suite 100
City State/Province/Country ZIP/Postal Code
Leawood KANSAS 66224
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
DELAWARE
Recipient
Recipient CRD Number    None
Robert L. Vaughan 5054097
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
UBS Financial Services, Inc. 8174
Street Address 1 Street Address 2
1780 Hughes Landing Blvd. Suite 200
City State/Province/Country ZIP/Postal Code
The Woodlands TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
TEXAS
Recipient
Recipient CRD Number    None
Russell H. Vandevelde, IV 2030209
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Northwestern Mutual Investment Services, LLC 2881
Street Address 1 Street Address 2
2031 11th Avenue South
City State/Province/Country ZIP/Postal Code
Brimingham ALABAMA 35205
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
Recipient
Recipient CRD Number    None
Whitney Randolph 5032676
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
UBS Financial Services, Inc. 8174
Street Address 1 Street Address 2
4400 Post Oak Parkway 20th Floor
City State/Province/Country ZIP/Postal Code
Houston TEXAS 77027
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
TEXAS

13. Offering and Sales Amounts

Total Offering Amount USD
or X Indefinite
Total Amount Sold $1,629,409,055 USD
Total Remaining to be Sold USD
or X Indefinite

Clarification of Response (if Necessary):

14. Investors

  
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
116

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
   Estimate
Finders' Fees $0 USD
   Estimate

Clarification of Response (if Necessary):

Sales comp paid by Ins Co. out of its own resources. The Co. periodically deducts insurance & other contract charges from amounts allocated to the separate account-issuer in accordance with the terms of the applicable variable life insurance contract.

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
   Estimate

Clarification of Response (if Necessary):

No gross premiums rec'd under VUL contracts have been or are proposed to be used for pymts to promoter. Ins Co periodically deducts Ins and other contract charges from amts allocated to separate acct issuer under the terms of the applicable VUL contracts.

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
COLI VUL-7 SERIES ACCOUNT /s/ Mary C. Maiers Mary C. Maiers VP, Investment Accounting & Global Middle Office 2020-02-07

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 number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.