<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".08" citation="COMAR 36.10.02.08" title_num="36" subtitle_num="10" chapter_num="02" heading="Ownership of Applicant.">
  <paragraph num="A.">
    <text>An applicant shall disclose all:</text>
    <paragraph num="(1)">
      <text>Principals;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Principal entities, as defined in COMAR 36.03.01.02; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Persons who have, or exercise, voting rights in or as to the applicant.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>In addition to the requirements in §A of this regulation, the applicant shall disclose the following:</text>
    <paragraph num="(1)">
      <text>If authorized to issue capital stock, for each class of stock authorized:</text>
      <paragraph num="(a)">
        <text>Total number of shares;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Par value, if any;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Voting rights;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Current rate of dividend; and</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Number of shares outstanding and the market value of each share; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>If a corporation:</text>
      <paragraph num="(a)">
        <text>Include a certified copy of each voting trust or voting agreement in which capital stock of the applicant is held, and describe the:</text>
        <paragraph num="(i)">
          <text>Name and address of each stockholder participating in the trust or agreement;</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>Class of stock involved; and</text>
        </paragraph>
        <paragraph num="(iii)">
          <text>Total number of shares held by the trust or agreement;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(b)">
        <text>Provide the terms of any proxy by which any capital stock may be voted, and provide the:</text>
        <paragraph num="(i)">
          <text>Name and address of the person holding the proxy;</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>Name and address of the stockholder who granted the proxy;</text>
        </paragraph>
        <paragraph num="(iii)">
          <text>Class of stock for which the proxy may vote; and</text>
        </paragraph>
        <paragraph num="(iv)">
          <text>Total number of shares voted by the proxy;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(c)">
        <text>Include any provisions described in §B(2)(a) and (b) of this regulation, and the procedures by which these provisions may be modified for the redemption, repurchase, retirement, conversion, or exchange of an ownership interest;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>State whether the:</text>
        <paragraph num="(i)">
          <text>Applicant’s stock may be traded through options; and</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>Corporation, or a stockholder, has executed an agreement or contract to convey any of the corporation’s or the stockholder’s stock at a future date;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(e)">
        <text>Include a copy or a description of each agreement or contract disclosed under §B(2)(d) of this regulation;</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Include a copy of each prospectus, pro forma, and other promotional material about the applicant that the applicant may give to potential investors if it receives a sports wagering license; and</text>
      </paragraph>
      <paragraph num="(g)">
        <text>Fully disclose any stock options that may exist or have been granted.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>