Common use of No initial registration Clause in Contracts

No initial registration. The Subscriber acknowledges and understands that neither the sale of the Units which the Subscriber is acquiring nor any of the Securities themselves have been registered under any Applicable Securities Legislation and, furthermore, that the Securities must be held indefinitely unless subsequently registered under Applicable Securities Legislation or an exemption from such registration is available.

No initial registration. The Subscriber acknowledges and understands that neither the sale of the Units Shares which the Subscriber is acquiring nor any of the Securities Shares themselves have been registered under any Applicable Securities Legislation and, furthermore, that the Securities Shares must be held indefinitely unless subsequently registered under Applicable Securities Legislation or an exemption from such registration is available.

No initial registration. The Subscriber acknowledges and understands that neither the sale of the Units Post-split Shares which the Subscriber is acquiring nor any of the Securities themselves have been registered under any Applicable Securities Legislation and, furthermore, that the Securities must be held indefinitely unless subsequently registered under Applicable Securities Legislation or an exemption from such registration is available.

No initial registration. The Subscriber acknowledges and understands that neither the sale of the post-Forward Split Units which the Subscriber is acquiring nor any of the Securities themselves have been registered under any Applicable Securities Legislation and, furthermore, that the Securities must be held indefinitely unless subsequently registered under Applicable Securities Legislation or an exemption from such registration is available.