| | | B.__A general solicitation or general advertising is not | | made in connection with the offer to sell or sale of the | | securities; |
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| | | C.__A commission or other remuneration is not paid or given, | | directly or indirectly, to a person other than a broker- | | dealer licensed under this chapter or an agent licensed | | under this chapter for soliciting a prospective purchaser in | | this State; and |
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| | | D.__The issuer reasonably believes that all the purchasers | | in this State, other than those designated in subsection 13, | | are purchasing for investment; |
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| | | 15.__Limited private offering transactions, Maine issuer.__A | | sale or an offer to sell securities of a corporation, limited | | partnership or limited liability company organized under the laws | | of this State or any issuer determined by the administrator by | | order to have its principal place of business in this State, if | | the transaction is part of a single issue in which: |
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| | | A.__Not more than 25 purchasers are present in this State | | during any 12 consecutive months, other than those | | designated in subsection 13; |
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| | | B.__A general solicitation or general advertising is not | | made in connection with the offer to sell or sale of the | | securities; |
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| | | C.__A commission or other remuneration is not paid or given, | | directly or indirectly, to a person other than a broker- | | dealer licensed under this chapter or an agent licensed | | under this chapter for soliciting a prospective purchaser in | | this State; |
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| | | D.__The issuer reasonably believes that all the purchasers | | in this State, other than those designated in subsection 13, | | are purchasing for investment; |
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| | | E.__The issuer files with the administrator a notification | | for exemption that must be in such form as may be prescribed | | by the administrator by order or by routine technical rule, | | as defined in Title 5, chapter 375, subchapter 2-A; and |
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| | | F.__The issuer provides a copy of the notification of exemption | | to each offeree of securities sold in reliance on this exemption, | | which must contain such legends as the administrator prescribes, | | notifying the offeree that the securities have not been | | registered with the administrator, that they may be considered | | restricted securities and that |
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