Document ID: 13447

Text:
SECTION 4.19 Accredited Investor. Except as disclosed by Seller to Buyer before Closing, Seller and each of its designees to whom the NBEV Shares will be issued at Closing (i) is an accredited investor as defined in Regulation D promulgated under the Securities Act and (ii) is acquiring the NBEV Shares to be issued at Closing without a view to, or for sale in connection with, a public distribution in violation of the federal securities laws; provided however, that Seller and each such other Person to whom NBEV Shares are issued reserves the right to resell or otherwise dispose of all or any of such NBEV Shares pursuant to a registration statement or exemption under the Securities Act and any state law or regulations. Seller acknowledges that the NBEV Shares to be issued pursuant to this Agreement have not been registered under the Securities Act or any state securities laws, and may not be sold, offered for sale, pledged, hypothecated or otherwise transferred in the absence of an effective registration statement under the Securities Act, or until the holder thereof provides evidence satisfactory to Buyer (which, in the discretion of Buyer, may include an opinion of counsel acceptable to Buyer) that such registration is not required and that the proposed transfer may be made without violation of the Securities Act.&lt; br/&gt;

Named Entities:
26
27
Shares
43
44
Regulation
48
49
Act

Tokenized Text:
SECTION
4
.
19
Accredited
Investor
.
Except
as
disclosed
by
Seller
to
Buyer
before
Closing
,
Seller
and
each
of
its
designees
to
whom
the
NBEV
Shares
will
be
issued
at
Closing
(
i
)
is
an
accredited
investor
as
defined
in
Regulation
D
promulgated
under
the
Securities
Act
and
(
ii
)
is
acquiring
the
NBEV
Shares
to
be
issued
at
Closing
without
a
view
to
,
or
for
sale
in
connection
with
,
a
public
distribution
in
violation
of
the
federal
securities
laws
;
provided
however
,
that
Seller
and
each
such
other
Person
to
whom
NBEV
Shares
are
issued
reserves
the
right
to
resell
or
otherwise
dispose
of
all
or
any
of
such
NBEV
Shares
pursuant
to
a
registration
statement
or
exemption
under
the
Securities
Act
and
any
state
law
or
regulations
.
Seller
acknowledges
that
the
NBEV
Shares
to
be
issued
pursuant
to
this
Agreement
have
not
been
registered
under
the
Securities
Act
or
any
state
securities
laws
,
and
may
not
be
sold
,
offered
for
sale
,
pledged
,
hypothecated
or
otherwise
transferred
in
the
absence
of
an
effective
registration
statement
under
the
Securities
Act
,
or
until
the
holder
thereof
provides
evidence
satisfactory
to
Buyer
(
which
,
in
the
discretion
of
Buyer
,
may
include
an
opinion
of
counsel
acceptable
to
Buyer
)
that
such
registration
is
not
required
and
that
the
proposed
transfer
may
be
made
without
violation
of
the
Securities
Act
.
&
lt
;
br
/
&
gt
;