Regulation S |
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Rule 905 Resale Limitations
Equity securities of domestic issuers acquired from the issuer, a distributor,
or any of their respective affiliates in a transaction subject to the
conditions of Rule 901 or
Rule
903 are deemed to be "restricted securities" as defined
in
Rule 144. Resales of any
of such restricted securities by the offshore purchaser must be made in
accordance with this
Regulation S (Rule
901 through Rule 905, and Preliminary Notes), the registration requirements
of the Act or an exemption therefrom. Any "restricted securities,"
as defined in
Rule 144, that
are equity securities of a domestic issuer will continue to be deemed
to be restricted securities, notwithstanding that they were acquired in
a resale transaction made pursuant to
Rule 901
or Rule 904.
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