Document ID: 12074

Text:
(b) Ninebell understands that the Shares have not been, and will not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of such Act that depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Ninebells representations as expressed in this Section4.6. Ninebell understands that the Shares are restricted securities under applicable U.S. federal and state securities laws and that, pursuant to those laws, Ninebell must hold the Shares indefinitely unless they are registered with the U.S. Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available, including a transfer outside of the United States in an offshore transaction in compliance with Rule 904 under the Securities Act ( if applicable). Ninebell acknowledges that ACM has no obligation to register or qualify for resale the Shares. Ninebell further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including the time and manner of sale, the holding period for the Shares, and on requirements relating to ACM that are outside of Ninebells control and that ACM is under no obligation, and may not be able, to satisfy.

Named Entities:
20
21
Act
146
147
Regulation

Tokenized Text:
(
b
)
Ninebell
understands
that
the
Shares
have
not
been
,
and
will
not
be
,
registered
under
the
Securities
Act
,
by
reason
of
a
specific
exemption
from
the
registration
provisions
of
such
Act
that
depends
upon
,
among
other
things
,
the
bona
fide
nature
of
the
investment
intent
and
the
accuracy
of
Ninebells
representations
as
expressed
in
this
Section4
.
6
.
Ninebell
understands
that
the
Shares
are
restricted
securities
under
applicable
U
.
S
.
federal
and
state
securities
laws
and
that
,
pursuant
to
those
laws
,
Ninebell
must
hold
the
Shares
indefinitely
unless
they
are
registered
with
the
U
.
S
.
Securities
and
Exchange
Commission
and
qualified
by
state
authorities
,
or
an
exemption
from
such
registration
and
qualification
requirements
is
available
,
including
a
transfer
outside
of
the
United
States
in
an
offshore
transaction
in
compliance
with
Rule
904
under
the
Securities
Act
(
if
applicable
)
.
Ninebell
acknowledges
that
ACM
has
no
obligation
to
register
or
qualify
for
resale
the
Shares
.
Ninebell
further
acknowledges
that
if
an
exemption
from
registration
or
qualification
is
available
,
it
may
be
conditioned
on
various
requirements
including
the
time
and
manner
of
sale
,
the
holding
period
for
the
Shares
,
and
on
requirements
relating
to
ACM
that
are
outside
of
Ninebells
control
and
that
ACM
is
under
no
obligation
,
and
may
not
be
able
,
to
satisfy
.