Nevada
|
5990
|
26-0299456
|
||
(State or other jurisdiction of
incorporation or organization)
|
(Primary Standard Industrial Classification Code)
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer
|
o
|
Accelerated filer
|
o
|
Non-accelerated filer
|
o
|
Smaller reporting company
|
x
|
Title of Class of Securities to be Registered
|
Amount to be Registered
|
Proposed Maximum Aggregate Price Per Share
|
Proposed Maximum Aggregate Offering Price
|
Amount of
Registration Fee
|
||||||||||||
Common Stock, $0.0001 per share
(1)
|
3,500,000
|
$
|
0.05
|
(2)
|
$
|
175,000
|
$
|
20.27
|
(1)
|
Represents common shares currently outstanding to be sold by the selling shareholders.
|
(2)
|
The offering price has been estimated solely for the purpose of computing the amount of the registration fee in accordance with Rule 457(o). Our common stock is not traded on any national exchange and in accordance with Rule 457, the offering price was determined by the price shares were sold to the selling shareholders in private placement transactions. The selling shareholders may sell shares of our common stock at a fixed price of $.0.05 per share until our shares are quoted on the Over the Counter Bulletin Board (“OTC Bulletin Board”) and thereafter at prevailing market prices or privately negotiated prices. The fixed price of $0.05 has been arbitrarily determined. There can be no assurance that a market maker will agree to file the necessary documents with the Financial Industry Regulatory Authority (“FINRA”), which operates the OTC Bulletin Board, nor can there be any assurance that such an application for quotation will be approved. We have agreed to bear the expenses relating to the registration of the shares for the selling shareholders.
|
In the event of a stock split, stock dividend or similar transaction involving our common stock, the number of shares registered shall automatically be increased to cover the additional shares of common stock issuable pursuant to Rule 416 under the Securities Act of 1933, as amended.
|
Page
|
||||
Prospectus Summary
|
5 | |||
Risk Factors
|
7 | |||
Risk Factors Relating to Our Company
|
8 | |||
Risk Factors Relating to Our Common Shares
|
13 | |||
The Offering
|
16 | |||
Use of Proceeds
|
16 | |||
Determination of Offering Price
|
16 | |||
Forward Looking Statements
|
17 | |||
Selling Shareholders
|
17 | |||
Plan of Distribution
|
19 | |||
Description of Securities
|
21 | |||
Interest of Named Experts and Counsel
|
21 | |||
Description of Business
|
22 | |||
Description of Property
|
24 | |||
Legal Proceedings
|
25 | |||
Market for Common Equity and Related Stockholder Matters
|
25 | |||
Dividend Policy
|
25 | |||
Share Capital
|
25 | |||
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
26 | |||
Directors, Executive Officers, Promoters, and Control Persons | 28 | |||
Executive Compensation | 29 | |||
Security Ownership of Certain Beneficial Owners and Management
|
29 | |||
Certain Relationships and Related Transactions
|
30 | |||
Expenses of Issuance and Distribution
|
30 | |||
Legal Matters
|
31 | |||
Indemnification for Securities Act Liabilities
|
31 | |||
Experts
|
31 | |||
Where You Can Find More Information
|
31 | |||
Financial Statements
|
32 | |||
Information not Required in Prospectus
|
41 |
Securities offered:
|
3,500,000 shares of common stock, par value $0.0001 per share
|
Offering price :
|
The selling shareholders purchased their shares of common stock from us at $0.01 per share and will be offering their shares of common stock at an arbitrarily determined price of $0.05 per share, which includes an increase, from the price at which it was purchased.
This is a fixed price at which the selling shareholders may sell their shares until our common stock is quoted on the OTC Bulletin Board, at which time the shares may be sold at prevailing market prices or privately negotiated prices. There is no guarantee that our common stock will be eligible for trading or quoted on the OTC Bulletin Board.
|
Shares outstanding prior to offering:
|
10,000,000 shares of common stock.
|
Shares outstanding after offering:
|
10,000,000 shares of common stock.
|
One of our executive officers and directors currently owns 65% of our outstanding common stock. As a result, he has substantial control over all matters submitted to our shareholders for approval.
|
|
Market for the common shares: |
There has been no market for our securities. Our common stock is not traded on any exchange or on the over-the-counter market. After the effective date of the registration statement relating to this prospectus, we hope to have a market maker file an application with the FINRA for our common stock to eligible for trading on the OTC Bulletin Board. We do not yet have a market maker who has agreed to file such application. There is no guarantee that our common stock will be eligible for trading or quoted on the OTC Bulletin Board.
Consequently, a purchaser of our common stock may find it difficult to resell the securities offered herein should the purchaser desire to do so when eligible for public resale
|
Use of proceeds: | We will not receive any proceeds from the sale of shares by the selling shareholders. We have agreed to bear the expenses relating to the registration of the shares for the selling shareholders. |
Going Concern Considerations: |
The Company has a net loss of $17,323 and net cash used by operations of $17,323 from May 8, 2007 (inception) through July 31, 2011.
The ability of the Company to continue as a going concern is dependent on management's plans which include raising additional funds for further implementation of the Company’s business plan and continuing to raise funds through debt or equity raises. The Company will likely rely upon related party debt or equity financing in order to ensure the continuing existence of the business.
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.
|
Risk Factors | See “ risk factors” beginning on page 3 of this prospectus for a discussion of factors you should carefully consider before deciding to invest in shares of our common stock. |
For the Year Ended
July 31, 2011
|
For the Year Ended
July 31, 2010
|
For the period
May 8, 2007
(Inception)
to
July 31, 2011
|
||||||||||
Statement of Operations Data
|
||||||||||||
Operating revenues
|
||||||||||||
Loss from operations
|
$ | (17,323 | ) | - | $ | (17,323 | ) | |||||
Net income (loss)
|
$ | (17,323 | ) | - | $ | (17,323 | ) |
Balance Sheet Data |
July 31, 2011
|
July 31, 2010
|
||||||||||
Working capital
|
$ | 18,327 |
__
|
|||||||||
Total assets
|
$ | 18,327 |
__
|
|||||||||
Total liabilities
|
$ | 0 |
__
|
|||||||||
Stockholders’ Equity
|
$ | 18,327 |
__
|
•
|
demand for our products;
|
|
•
|
our ability to attract visitors to our web site and convert those visitors into customers;
|
|
•
|
our ability to retain existing customers or encourage repeat purchases;
|
|
•
|
our ability to manage our product mix and inventory;
|
|
•
|
general economic conditions;
|
|
•
|
advertising and other marketing costs;
|
|
•
|
costs of expanding or enhancing our technology or web site.
|
•
|
actual or perceived lack of security of information or privacy protection;
|
|
•
|
possible disruptions, computer viruses or other damage to the Internet servers or to users’ computers; and
|
|
•
|
excessive governmental regulation.
|
·
|
Control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer;
|
·
|
Manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases;
|
·
|
"Boiler room" practices involving high pressure sales tactics and unrealistic price projections by inexperienced sales persons;
|
·
|
Excessive and undisclosed bid-ask differentials and markups by selling broker-dealers; and
|
·
|
any market for our shares will develop;
|
·
|
the prices at which our common stock will trade; or
|
·
|
the extent to which investor interest in us will lead to the development of an active, liquid trading market. Active trading markets generally result in lower price volatility and more efficient execution of buy and sell orders for investors.
|
Assumes all of the shares of common stock offered in this prospectus are sold and no other shares of common stock are sold or issued during this offering period and is based on 10,00,000 shares of common stock issued and outstanding as of September 20, 2011.
|
Name of Selling Security Holders | Common Shares owned by the Selling Security Holder | Number of Shares Offered by Selling Security Holder |
Number of Shares and
Percent
of Total Issued and Outstanding
Held After the Offering
|
|||||||||||||
# of Shares | % of Class | |||||||||||||||
Ekyssa Aftel
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Dina Blank
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Irit Duvdevani
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Meir Dahan
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Erez Bal-Zdaka
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Avigail Rothner
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Jonathan Kirsch
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Ruty Zargari
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Linda Fishhaut
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Avishai Eliyahu
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Atiel Yaakov Levi
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Ido Kamieniecki
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Esther Okashi
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Jerry Fishman
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Lisa Finn
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Shalom Kurtz
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Mark Slutzki
|
50,000 | 50,000 | 0 | 0 | ||||||||||||
Maryl Lee Abraham
|
50,000 | 100,000 | 0 | 0 | ||||||||||||
Leora Davids
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Rena Perlmutter
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Cheryl Levi
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Tova Herrmann
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Lisa Koenigsberg
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
First Line Capital, LLC(1)
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Sharon Gross
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Iska Irina Chicco
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Tova Stauber
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Baruch Grajower
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Steven Kamilar
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Simcha Colthof
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Ilan Haber
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Shoshana Grotsky
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Eyal Melamed
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Shai Schiller
|
100,000 | 100,000 | 0 | 0 | ||||||||||||
Penina Reichenberg
|
200,000 | 200,000 | 0 | 0 | ||||||||||||
Anna Aaronson
|
200,000 | 200,000 | 0 | 0 | ||||||||||||
Mordechai Feig
|
200,000 | 200,000 | 0 | 0 | ||||||||||||
Yisroel Jacobson
|
200,000 | 200,000 | 0 | 0 | ||||||||||||
Ora Driheme
|
200,000 | 200,000 | 0 | 0 |
1.
|
Green Nest -
www.greennest.com
-Markets eco-friendly products online. Products offered include Building materials, gifts, books/CDs, home tests, air purifiers, water purifiers and more. The company was established in 2003.
|
2.
|
The Green Store -
www.thegreenstoreonline.co.uk
– An eco-friendly product retailer based in England. Products include home and garden, body care, recycling, gadgets and shopping bags.
|
3.
|
LetsGoGreen.biz – www.LetsGoGreen.biz is an online store selling eco-friendly Green products for home, business or office. Products include lighting, cleaning products, plastics, paper and household products
|
Name | Age | Positions and Offices Held | ||
Mr. Chizkyau Lapin
5 Ariel Street
Jerusalem, Israel
|
36 |
Director, President, Chief Executive Officer and Chief Financial Officer
|
||
Mr. Israel Povarsky
17 Agrippas St Jerusalem, Israel
|
39 |
Director, Secretary
|
Name and principal position
(a)
|
Year
(1)
(b)
|
Salary ($)
(c)
|
Bonus ($)
(d)
|
Stock Awards ($)
(e)
|
Option Awards ($)
(f)
|
Non-Equity Incentive Plan Compensation ($)
(g)
|
Nonqualified Deferred Compensation Earnings ($)
(h)
|
All Other Compensation ($)
(i)
|
Total ($)
(j)
|
||||||||||||||||||||||||
Chizkyau Lapin
(President, Chief Executive Officer and Chief Financial Officer)
|
2010
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||||||||
2009 | |||||||||||||||||||||||||||||||||
Israel Poversky (Secretary)
|
2010
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||||||||
2009 |
Name of Beneficial Owner
|
Number of Shares
of Common Stock
Beneficially Owned
|
Percent of
Common Stock
Beneficially Owned
|
||||||
Chizkyau Lapin
|
6,500,000 | 65 | % | |||||
Israel Povarsky
|
0 | - | ||||||
All directors and executive officers as a group (two persons)
|
6,500,000 | 65 | % |
Nature of Expense
|
Amount
|
|||
Accounting Fees and Expenses
|
$ | 9,000 | * | |
SEC registration fee
|
$ | 20.27 | ||
Legal fees and other expenses
|
$ | 5,000 | * | |
Total
|
$ | 14,020.27 | * |
For the Period | ||||||||||||
For the Year Ended
|
May 8, 2007 | |||||||||||
July 31,
|
(Inception) to
|
|||||||||||
2011
|
2010
|
July 31, 2011
|
||||||||||
Net Revenues
|
$ | - | $ | - | $ | - | ||||||
Costs and Expenses:
|
||||||||||||
Professional Fees
|
10,000 | - | 10,000 | |||||||||
Web Site Development
|
5,000 | - | 5,000 | |||||||||
General and Administrative Expenses
|
2,323 | - | 2,323 | |||||||||
Total Costs and Expenses
|
17,323 | - | 17,323 | |||||||||
Net Loss
|
$ | ( 17,323 | ) | $ | - | $ | ( 17,323 | ) | ||||
Basic and Diluted Loss Per Share
|
$ | ( .01 | ) | $ | - | |||||||
Weighted Average Common Shares Outstanding
|
1,964,384 | - |
Deficit
|
||||||||||||||||||||
Additional
|
Accumulated
|
|||||||||||||||||||
Common Stock
|
Paid-In
|
During the
|
||||||||||||||||||
Shares
|
Amount
|
Capital
|
Development Stage
|
Total
|
||||||||||||||||
Balance , May 8, 2007
|
$ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
Balance , July 31, 2007
|
- | - | - | - | - | |||||||||||||||
Balance , July 31, 2008
|
- | - | - | - | - | |||||||||||||||
Balance , July 31, 2009
|
- | - | - | - | - | |||||||||||||||
Balance , July 31, 2010
|
- | - | - | - | - | |||||||||||||||
Common Stock Issued to Founder at $.0001
|
||||||||||||||||||||
Per Share, May 1, 2011
|
6,500,000 | 650 | - | - | 650 | |||||||||||||||
Common Stock Issued to Private Investors
|
||||||||||||||||||||
at $.01 Per Share, June 28 , 2011
|
3,500,000 | 350 | 34,650 | - | 35,000 | |||||||||||||||
Net Loss for the Year Ended July 31, 2011
|
- | - | - | ( 17,323 | ) | (17,323 | ) | |||||||||||||
Balance, July 31, 2011
|
10,000,000 | $ | 1,000 | $ | 34,650 | $ | ( 17,323 | ) | $ | 18,327 |
For the Period | ||||||||||||
For the Year Ended | May 8, 2007 | |||||||||||
July 31,
|
(Inception) to
|
|||||||||||
2011
|
2010
|
July 31, 2011
|
||||||||||
Cash Flows from Operating Activities:
|
||||||||||||
Net Loss
|
$ | ( 17,323 | ) | $ | - | $ | ( 17,323 | ) | ||||
Adjustments to Reconcile Net Loss to Net Cash
|
||||||||||||
Used in Operating Activities:
|
||||||||||||
Changes in Assets and Liabilities:
|
||||||||||||
Net Cash Used in Operating Activities
|
( 17,323 | ) | - | ( 17,323 | ) | |||||||
Cash Flows from Investing Activities:
|
- | - | - | |||||||||
Cash Flows from Financing Activities:
|
||||||||||||
Proceeds from Sale of Common Stock
|
35,650 | - | 35,650 | |||||||||
Net Cash Provided by Financing Activities
|
35,650 | - | 35,650 | |||||||||
Increase in Cash
|
18,327 | - | 18,327 | |||||||||
Cash and Cash Equivalents – Beginning of Period
|
- | - |
-
|
|||||||||
Cash and Cash Equivalents – End of Period
|
$ | 18,327 | $ | - | $ | 18,327 | ||||||
Supplemental Disclosures of Cash Flow Information:
|
||||||||||||
Interest Paid
|
$ | - | $ | - | $ | - | ||||||
Income Taxes Paid
|
$ | - | $ | - | $ | - |
Item 13.
|
OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
|
Nature of Expense
|
Amount
|
|||
Accounting Fees and Expenses
|
$ | 9,000 | * | |
SEC registration fee
|
$ | 20.27 | ||
Legal fees and other expenses
|
$ | 5,000 | * | |
Total
|
$ | 14,020.27 | * |
Item 14.
|
INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS
|
Item 15.
|
RECENT SALES OF UNREGISTERED SECURITIES
|
Exhibit
|
Description
|
|
3.1
|
Articles of Incorporation of Registrant*
|
|
3.2
|
By-Laws of Registrant*
|
|
5.1
|
Opinion of David Lubin & Associates, PLLC regarding the legality of the securities being registered*
|
|
10.1
|
Form of Regulation S Subscription Agreement *
|
|
10.2
|
Consulting Agreement, dated September 1, 2011 between the Registrant and First Line Capital LLC
|
|
23.1
|
Consent of Wolinetz, Lafazan, and Company, P.C.*
|
|
23.2
|
Consent of David Lubin & Associates, PLLC (included in Exhibit 5.1)
24.1 Power of Attorney (included on signature page)
|
i.
|
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
|
ii.
|
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
|
iii.
|
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
|
(i)
|
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
|
(ii)
|
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
|
(iii)
|
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
|
(iv)
|
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
|
(i)
|
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
|
(ii)
|
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
|
(iii)
|
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
|
(iv)
|
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
|
DARKSTAR VENTURES, INC. | |||
Date
|
By:
|
/s/ Chizkyau Lapin | |
Chizkyau Lapin, | |||
President, Chief Executive Officer, Chief Financial Officer, Chairman, | |||
and Director (Principal Executive, Financial, and Accounting Officer) |
Date:
|
Signature:
|
Name:
|
Title:
|
|||
September 21, 2011
|
/s/ Chizkyau Lapin
|
Chizkyau Lapin
|
Chairman, President, Chief Executive Officer, and Director
|
|||
September 21, 2011
|
/s/ Israel Povarsky
|
Israel Povarsky
|
Secretary and Director
|
Sincerely, | |||
|
By:
|
/s/ David Lubin & Associates, PLLC | |
DAVID LUBIN & ASSOCIATES, PLLC |
|
(i)
|
The undersigned realizes that the basis for the exemption may not be present if, notwithstanding such representations, the undersigned has in mind merely acquiring the Shares for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The undersigned does not have any such intention;
|
|
(ii)
|
The undersigned has the financial ability to bear the economic risk of his investment, has adequate means for providing for his current needs and personal contingencies and has no need for liquidity with respect to his investment in the Company;
|
|
(iii)
|
The undersigned has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the prospective investment in the Shares. The undersigned also represents it has not been organized for the purpose of acquiring the Shares;
|
|
(iv)
|
The undersigned has been provided an opportunity for a reasonable period of time prior to the date hereof to obtain additional information concerning the offering of the Shares, the Company and all other information to the extent the Company possesses such information or can acquire it without unreasonable effort or expense; and
|
|
(v)
|
The undersigned has carefully reviewed all of the Company’s filings under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
|
1.
|
The undersigned is an U.S. Person (as defined below) and is not an affiliate (as defined in Rule 501(b) under the Securities Act) of the Company and is not acquiring the Shares for the account or benefit of a U.S. Person. A U.S. Person means any one of the following:
|
·
|
any natural person resident in the United States of America;
|
·
|
any partnership or corporation organized or incorporated under the laws of the United States of America;
|
·
|
any estate of which any executor or administrator is a U.S. person;
|
·
|
any trust of which any trustee is a U.S. person;
|
·
|
any agency or branch of a foreign entity located in the United States of America;
|
·
|
any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;
|
·
|
any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated or (if an individual) resident in the United States of America; and
|
·
|
any partnership or corporation if:
|
2.
|
At the time of the origination of contact concerning this Agreement and the date of the execution and delivery of this Agreement, the undersigned was outside of the United States.
|
3.
|
The undersigned will not, during the period commencing on the date of issuance of the Shares and ending on the first anniversary of such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (the “Restricted Period”), offer, sell, pledge or otherwise transfer the Shares in the United States, or to a U.S. Person for the account or for the benefit of a U.S. Person, or otherwise in a manner that is not in compliance with Regulation S.
|
4.
|
The undersigned will, after expiration of the Restricted Period, offer, sell, pledge or otherwise transfer the Shares only pursuant to registration under the Securities Act or an available exemption therefrom and, in accordance with all applicable state and foreign securities laws.
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5.
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The undersigned was not in the United States, engaged in, and prior to the expiration of the Restricted Period will not engage in, any short selling of or any hedging transaction with respect to the Shares, including without limitation, any put, call or other option transaction, option writing or equity swap.
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6.
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Neither the undersigned nor or any person acting on his behalf has engaged, nor will engage, in any directed selling efforts to a U.S. Person with respect to the Shares and the Investor and any person acting on his behalf have complied and will comply with the “offering restrictions” requirements of Regulation S under the Securities Act.
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7.
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The transactions contemplated by this Agreement have not been pre-arranged with a buyer located in the United States or with a U.S. Person, and are not part of a plan or scheme to evade the registration requirements of the Securities Act.
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8.
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Neither the undersigned nor any person acting on his behalf has undertaken or carried out any activity for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States, its territories or possessions, for any of the Shares. The undersigned agrees not to cause any advertisement of the Shares to be published in any newspaper or periodical or posted in any public place and not to issue any circular relating to the Shares, except such advertisements that include the statements required by Regulation S under the Securities Act, and only offshore and not in the U.S. or its territories, and only in compliance with any local applicable securities laws.
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9.
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Each certificate representing the Shares shall be endorsed with the following legends, in addition to any other legend required to be placed thereon by applicable federal or state securities laws:
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10.
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The undersigned consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company in order to implement the restrictions on transfer of the Shares set forth in this Section 2.
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Number of Shares | ||||
Subscribed For: | - | |||
Amount of Investment: | $ | - |