An Issuers’ Form C-AR reporting obligations terminates once one of the following events occurs and the Issuer files its Form C-TR (the Form C-TR is the filing to the SEC which demonstrates that the Issuer’s reporting obligations are terminated because one of the following events has occurred):
The Issuer is required to file reports under Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended;
The Issuer has filed, since its most recent sale of Securities pursuant to Reg. CF, at least one Form C-AR and has fewer than three hundred (300) holders of record;
The Issuer has filed, since its most recent sale of Securities pursuant to Reg. CF, the Form C-AR for at least the three (3) most recent years and has total assets that do not exceed ten million dollars ($10,000,000);
The Issuer or another party repurchases all of the Securities issued in reliance on section 4(a)(6) of the Securities Act of 1933, as amended; or
The Issuer liquidates or dissolves its business in accordance with state law.