| B.__A general solicitation or general advertising is not | made in connection with the offer to sell or sale of the | securities; |
|
| 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 |
|
| D.__The issuer reasonably believes that all the purchasers | in this State, other than those designated in subsection 13, | are purchasing for investment; |
|
| | 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: |
|
| A.__Not more than 25 purchasers are present in this State | during any 12 consecutive months, other than those | designated in subsection 13; |
|
| B.__A general solicitation or general advertising is not | made in connection with the offer to sell or sale of the | securities; |
|
| 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; |
|
| D.__The issuer reasonably believes that all the purchasers | in this State, other than those designated in subsection 13, | are purchasing for investment; |
|
| 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 |
|
| 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 |
|
|