UJI 14-4321. Defense; exempt transaction.1

An issue in this case is whether the security which was [sold] [offered for sale]2 [as charged in Count __________]3 was an exempt transaction and was not required to be registered under the New Mexico Uniform Securities Act. [An isolated transaction,4]2 [OR] [A transaction [by] [between] [in]2 __________________,5] is an exempt transaction which is not required to be registered under the New Mexico Uniform Securities Act. If you find that the [sale] [offer to sell]2 of the unregistered security was [an isolated transaction,]2 [OR] [a transaction [by] [between] [in]2 __________________,5], you must find the defendant not guilty of the sale of an unregistered security as charged in [Count __________].3 The burden is on the state to prove beyond a reasonable doubt that the security [sold] [offered for sale]2 was not an exempt transaction.