On May 11, 2012, the Securities and Exchange Commission ("SEC") issued Instructions for Emerging Growth Companies ("EGC") to submit confidential draft registration statements or foreign private issuer non-public draft registration statements to the SEC. Until those submissions can be made on EDGAR, EGC’s must submit draft registration statements to the SEC in a text searchable PDF format via a secure e-mail system. The SEC will also use the secure e-mail system to send comment letters to EGCs and EGCs must use this system to submit their correspondence regarding their draft submissions to the SEC. Prior to submitting such filings, EGCs must register an account.