Accredited Seller Status. Each Seller is an “accredited investor” as such term is defined in Rule 501 promulgated under the Securities Act.
Accredited Seller Status. Seller is an “accredited investor” as that term is defined in Rule 501 of Regulation D, as promulgated under the Seller Preferred Stock Act of 1933.
Accredited Seller Status. Each of the Stockholders (a) is an “accredited investor” as such term is defined in Rule 501 (without regard to Rule 501(a)(4)), promulgated under the Securities Act; (b) is acquiring the shares of Lxxxx Common Stock for investment and for such Stockholder’s own account and not with a view to, or for resale in connection with, a distribution; (c) understands that the shares of Lxxxx Common Stock have not been registered under the Securities Act or under any state securities or blue sky laws, and, as a result, are subject to substantial restrictions on transfer; (d) acknowledges that appropriate legends will be placed on the certificates representing the shares of Lxxxx Common Stock indicating the restrictions on transfer of such shares of Lxxxx Common Stock; (e) acknowledges that such shares of Lxxxx Common Stock must be held indefinitely unless subsequently registered under the Securities Act and any applicable state securities or blue sky laws, or sold or otherwise transferred pursuant to exemptions from registration under the Securities Act or such laws, and that Lxxxx has no obligation to register the shares of Lxxxx Common Stock, except pursuant to the Registration Rights Agreement; and (f) believes he or she is familiar with all material information relating to Lxxxx to the extent relevant to such Stockholder’s decision to acquire the shares of Lxxxx Common Stock.
