Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities

The Rule 144 Seller's Representation Letter: Non-Affiliate Sale of Restricted Securities is a legal template or document that outlines the specific representations and warranties that a seller of restricted securities under Rule 144 of the Securities Act of 1933 makes to the buyer. This template is typically used when the selling party is not considered an affiliate of the company issuing the securities, and thus does not have a relationship or insider status that could potentially impact the sale or trading of the securities.

The purpose of this document is to ensure that the buyer is aware of any potential risks or limitations associated with purchasing the restricted securities, and to provide a measure of protection and disclosure for both parties involved in the transaction. The representations and warranties made by the seller may include affirmations regarding the legality of the sale, ownership and transferability of the securities, compliance with relevant securities regulations, and any other pertinent information that may be required by law or the buyer.

By using this template, both the seller and the buyer can establish a clear understanding of the rights, obligations, and potential liabilities involved in the sale of restricted securities. It acts as a legally binding agreement that protects the interests of both parties and ensures compliance with applicable securities laws and regulations.