Internet Solicitations Exemption

Internet Solicitations Exemption. A. Internet means the global information system comprised of independent computer networks which are interconnected and share information without the use of a central processing center by use of the Transmission Control Protocol/internet Protocol (TCP/IP) suite, to include without limitation, the World Wide Web, proprietary or “common carrier” electronic delivery systems, or similar medium. B. Internet Offer means a communication regarding the offering of securities within the meaning of Sections 75-71-102(19), -102(26), and -105 of the Act, made on the internet and directed generally to anyone who has access to the internet, including persons in this state. C. Exemption. The Division finds that registration is not necessary or appropriate for the protection of investors in connection with internet offers, provided: 1. The internet offer indicates, directly or indirectly, that the securities are not being offered to residents of this state; 2. The internet offer is not specifically directed to any person in this state by or on behalf of the issuer of the securities; and 3. No sales of the issuer's securities are made in this state as a result of the internet offering.