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Offering Memorandum No securities regulatory authority or regulator has assessed the merits of these securities or reviewed this Offering Memorandum. Any representation to the contrary is an offense.

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No securities regulatory authority refers to a regulatory body that does not oversee or regulate securities transactions.

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Individuals or organizations that are not subject to oversight by a securities regulatory authority are required to file no securities regulatory authority.

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You must report details about your business activities and confirm that you are not under the supervision of any securities regulatory authority.

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