Common use of Not a Distributor Clause in Contracts

Not a Distributor. The Subscriber is not a “distributor,” as defined in Regulation S. However, if the Subscriber should be deemed to be a distributor prior to reselling Securities to a non-U.S. Person during the restricted period, the Subscriber will send a notice to each new subscriber of Securities that such new subscriber is subject to the restrictions of Regulation S during the restricted period.

Appears in 3 contracts

Samples: Securities Subscription Agreement (Healing Co Inc.), Put Option Agreement (Healing Co Inc.), Securities Subscription Agreement (Healing Co Inc.)

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Not a Distributor. The Subscriber is not a “distributor,” as defined in Regulation S. However, if the Subscriber should be deemed to be a distributor prior to reselling Securities Shares to a non-U.S. Person during the restricted period, the Subscriber will send a notice to each new subscriber of Securities Shares that such new subscriber is subject to the restrictions of Regulation S during the restricted period.

Appears in 1 contract

Samples: Seed Preferred Stock Subscription Agreement (Healing Co Inc.)

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