Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-01195/USCOURTS-cand-3_05-cv-01195-1/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 15:631 Small Business Act

---

Order Approving Motion for Increase in Receiver’s Certificates 0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

KEVIN V. RYAN (SBN 118321)

United States Attorney

JOANN M. SWANSON (SBN 88143)

Chief, Civil Division

EDWIN L. JOE (SBN 112328)

Special Assistant United States Attorney

455 Market Street, 6th Floor

San Francisco, California 94105-2420

Telephone: (415) 744-8494

Facsimile: (202) 481-1810 or (415) 744-6812

Email: edwin.joe@sba.gov

Attorneys for the Receiver 

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

UNITED STATES OF AMERICA, ) E-filing

Plaintiff, )

) Civil Case No. C 05 – 1195 EMC

v. )

) (Proposed)

MILEPOST VENTURES, L.P. ) Order Approving Motion for 

) Increase in Receiver’s Certificates

)

)

Defendant. )

)

____________________________________)

This matter came before the Court upon the unopposed motion of the United 

States Small Business Administration (“SBA”) in its capacity as court-appointed receiver 

(“the Receiver”) for Milepost Ventures, LP for entry of an order increasing the amount 

that the Receiver is authorized to borrow in the form of Receiver’s Certificates. Upon 

consideration of the pleadings in this matter, it is hereby ordered that:

Case 3:05-cv-01195-EMC Document 17 Filed 06/13/05 Page 1 of 3
Order Approving Motion for Increase in Receiver’s Certificates 1

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

1. The Receiver’s Motion is granted in its entirety;

2. The Receiver is hereby authorized to borrow an additional $1,000,000 in

Receiver’s Certificates from SBA, for a new amount of up to $1,500,000, for the specific, 

limited purpose of funding Milepost’s pro rata share in the Series D round of financing 

for Raven Biotechnologies, Inc. The certificate will be issued at a rate of approximately 

ten per cent (10%) per annum for a term not to exceed eighteen (18) months from the 

Case 3:05-cv-01195-EMC Document 17 Filed 06/13/05 Page 2 of 3
Order Approving Motion for Increase in Receiver’s Certificates 2

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

date of issue. Said Receiver's Certificates of Indebtedness shall have priority over all 

other debts and obligations of MILEPOST, excluding administrative expenses of the 

Receivership, whether currently existing or hereinafter incurred, including without 

limitation any claims of general or limited partners of MILEPOST.

IT IS SO ORDERED.

Dated:_________________ ______________________________________

THE HONORABLE EDWARD M. CHEN

UNITED STATES MAGISTRATE JUDGE

AGREED TO AS TO FORM AND CONTENT:

Milepost Ventures, L.P., through its authorized representative

By: Christine B. Cordano1

Title: General Partner to

Milepost Ventures Management, Inc.

General Partner of Milepost Ventures, L.P.

1 This was verbally approved via telephone on June 10, 2005. See Attorney Declaration 

of Edwin L. Joe regarding unavailability of the General Partner to be reached by fax , 

email, express mail or other electronic means.

June 13, 2005

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

Judge Edward M. Chen

Case 3:05-cv-01195-EMC Document 17 Filed 06/13/05 Page 3 of 3