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

AutoNDA by SimpleDocs

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.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!