Arrow Prospectus - PGS
Arrow Prospectus - PGS
Arrow Prospectus - PGS
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ARROW SEISMIC ASA – INITIAL PUBLIC OFFERING<br />
respect to which it has investment discretion and has the full authority to make these representations,<br />
warranties and agreements;<br />
(b)<br />
(c)<br />
the purchaser understands that the Offer Shares are being offered in a transaction not involving any<br />
public offering in the United States within the meaning of the Securities Act, that the Offer Shares have<br />
not been, and will not be, registered under the Securities Act and therefore are “restricted securities”<br />
within the meaning of Rule 144(a)(3) under the Securities Act, and that (i) Offer Shares may be offered,<br />
resold, pledged or otherwise transferred only (a) to a person that it and any person acting on its behalf<br />
reasonably believes is a QIB purchasing for its own account or for the account of a QIB in a transaction<br />
meeting the requirements of Rule 144A, (b) in an offshore transaction complying with Rule 903 or Rule<br />
904 of Regulation S, or (c) pursuant to an exemption from registration under the Securities Act<br />
provided by Rule 144 thereunder (if available), in each case (a) through (c) in accordance with all<br />
applicable U.S. federal and state securities laws, and that (ii) the purchaser will, and each subsequent<br />
holder is required to, notify any purchaser of such Offer Shares from it of the transfer restrictions<br />
referred to in (i) above, and the purchaser acknowledges that no representation has been made as to the<br />
availability of the exemption provided by Rule 144 under the Securities Act for the resale of the Offer<br />
Shares;<br />
the Shares (to the extent they are in certificated form), unless otherwise determined by the Company in<br />
accordance with applicable law, will bear a legend substantially to the following effect:<br />
THESE SHARES (OR ANY PREDECESSORS THERETO) WERE ORIGINALLY ISSUED IN A<br />
TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES<br />
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD<br />
OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR ANY<br />
APPLICABLE EXEMPTION THEREFROM.<br />
EACH PURCHASER OF THESE SHARES IS HEREBY NOTIFIED THAT THE SELLER OF<br />
THESE SHARES MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF<br />
SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.<br />
THE HOLDER OF THESE SHARES AGREES FOR THE BENEFIT OF THE COMPANY THAT (I)<br />
THESE SHARES MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED<br />
ONLY (A) TO A PERSON WHO THE SELLER AND ANY PERSON ACTING ON ITS BEHALF<br />
REASONABLY BELIEVES IS A QIB WITHIN THE MEANING OF RULE 144A UNDER THE<br />
SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A<br />
QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (B) IN AN<br />
OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S<br />
UNDER THE SECURITIES ACT, OR (C) PURSUANT TO AN EXEMPTION FROM<br />
REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF<br />
AVAILABLE), IN EACH CASE (A) THROUGH (C) IN ACCORDANCE WITH ALL APPLICABLE<br />
U.S. FEDERAL AND STATE SECURITIES LAWS , AND (II) THE PURCHASER WILL, AND<br />
EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF SUCH<br />
SHARES FROM IT OF THE TRANSFER RESTRICTIONS REFERRED TO IN (I) ABOVE. NO<br />
REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION<br />
PROVIDED BY RULE 144 UNDER THE SECURITIES ACT FOR THE RESALE OF THIS<br />
SECURITY;<br />
(d)<br />
(e)<br />
the purchaser of the Shares shall not deposit the Shares into any unrestricted depositary facility<br />
established or maintained by a depositary bank, unless and until such time as such Shares are no longer<br />
“restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act; and<br />
the purchaser acknowledges that it will be required to execute and deliver to <strong>Arrow</strong> or its designee an<br />
Investor Representation Letter in the form delivered simultaneously with this <strong>Prospectus</strong> and that<br />
<strong>Arrow</strong>, the Managers, their affiliates and others will rely upon the truth and accuracy of the foregoing<br />
representations, warranties, acknowledgments and agreements and those contained in the Investor<br />
Representation Letter in order to comply with U.S. and other securities laws.<br />
33