Delaware Llc Subscription Agreement
- Posted on September 17, 2021
- in Uncategorized
- by admin
Both parties to this Agreement intend that such subscription will be made in accordance with the corresponding exceptions to prospectuses, registrations and/or similar requirements of communications, rules, injunctions, laws and guidelines of all jurisdictions that apply to the Agreement. The assurances and warranties provided in this Agreement are correct and accurate at the time of this Agreement and also apply on the date of payment from the Subscriber to the Company as soon as the Company has accepted the Subscriber`s subscription. The company was established as a limited liability company (LLC) under the laws of the state of [STATE] by filing its certificate [COMPANY NAME] with the Secretary of State in [STATE]. . PPM for Film – Subscription Agreement by Public Domain 3.5 Delay: If the subscriber does not comply with its obligations within five (5) days of receiving notice from the company, the company may refuse to issue shares to the subscriber (if an error occurs before the conclusion) or cancel all securities, rights and interests of the company (if an error occurs after the conclusion). 4.1 This Agreement is binding on the rights holders and authorized beneficiaries of the Parties. THIS INSTRUMENT WAS ISSUED PURSUANT TO SECTION 4(A)(6) OF THE SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND NEITHER HE NOR THE SECURITIES THAT MAY BE ISSUED UNDER THAT ACT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES ACT OF ANY STATE. SUCH SECURITIES MAY NOT BE OFFERED, SOLD OR TRANSFERRED, MORTGAGED OR MORTGAGED, EXCEPT AS PERMITTED BY RULE 501 OF THE CROWDFUNDING REGULATION UNDER THE SECURITIES ACT AND APPLICABLE NATIONAL SECURITIES LAWS, OR BY AN EFFECTIVE REGISTRATION STATEMENT OR EXCEPTION THERETO. 2.4 Transfer Restrictions: The Subscriber agrees that he will not transfer or sell the shares, except in accordance with the transfer conditions in the Company Agreement.
For shares, there is no public market and shares cannot simply be liquidated. Since the shares have not been registered under the Securities Act or applicable national securities legislation, any resale may give rise to subscriber liability.