Common use of Basis of Offering Clause in Contracts

Basis of Offering. Securities offered here are only offered pursuant to an exemption from registration under the Securities and Exchange Act of 1933, such exemption being established by qualification of the Company's Offering Circular. The securities offered for sale by the Issuer shall not be sold and any transaction contemplated by the Parties shall not consummate unless the Offering Circular is qualified as a "Tier 2" Offering by the SEC pursuant to Regulation A. The securities offered for sale are not registered with any corresponding state agency, since a qualified Tier 2 Offering is exempt from such registration. However, some states will still require that a notice of offering be filed along with a filing fee. In other states those persons selling the Company's securities will be required to qualify and/or register as selling agents of the Company.

Appears in 11 contracts

Samples: Stock Subscription Agreement (RAD Diversified REIT, Inc.), Acquisition Agreement (RAD Diversified REIT, Inc.), Acquisition Agreement (RAD Diversified REIT, Inc.)

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