Common use of Rule 504 Securities Clause in Contracts

Rule 504 Securities. The OS Debentures (which include the Escrow Shares for the OS Underlying Shares) were sold in accordance with Rule 504 of Regulation D of the Securities Act of 1933, as amended (the "Securities Act"), and Section 00-00-000 of the Colorado Securities Act of the Colorado Revised Statutes (the "Colorado Act") and regulation 51-3.13B promulgated thereunder, to an accredited investor residing in the State of Colorado. Accordingly, at the Effective Time and pursuant to Rule 504, the Colorado Act, and Section 3(a)(9) of the Securities Act, the OS Debentures (which include the Company Escrow Shares for the Company Underlying Shares) shall continue to be without restriction and shall be freely tradable in accordance with Rule 504.

Appears in 3 contracts

Samples: Merger Agreement (Reality Wireless Networks Inc), Merger Agreement (Reality Wireless Networks Inc), Merger Agreement (Insite Vision Inc)

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Rule 504 Securities. The OS Debentures (which include the Escrow --------------------- Shares for the OS Underlying Shares) were sold in accordance with Rule 504 of Regulation D of the Securities Act of 1933, as amended (the "Securities Act"), and Section 00-00-000 of the Colorado Securities Act of the Colorado Revised Statutes (the "Colorado Act") and regulation 51-3.13B promulgated thereunder, to an accredited investor residing in the State of Colorado. Accordingly, at the Effective Time and pursuant to Rule 504, the Colorado Act, and Section 3(a)(9) of the Securities Act, the OS Debentures (which include the Company Escrow Shares for the Company Underlying Shares) shall continue to be without restriction and shall be freely tradable in accordance with Rule 504.

Appears in 1 contract

Samples: Merger Agreement (Heritage Worldwide Inc)

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