b'6. Choose Your Securities Exemptionrefuse to register any transfer of securities in violation of this rule. 17 (Rule 902(g)).The issuer must obtain certification and proof from foreign pur-chasers that they are not U.S. persons. Other Considerations for Offerings to Non-U.S. PersonsForeign Securities Laws Many developed countries have securities laws similar to those in the U.S. They may include provisions regarding advertising prohibitions, reg-istration of the offering with the foreign government, or translation of offering documents into the local language. A securities attorney (or local equivalent) in the country where the se-curities will be offered should review any securities offering that will be made in a foreign countrybefore it is presented to that countrys resi-dents, to ensure that it complies with their securities laws. For this reason alone, it may be impractical to make a single offering available to investors from multiple foreign countries. This can be done easily by drafting your offering as you would a U.S. securities offering and asking an attorney in the foreign jurisdiction to add language specific to the securities offering in their country. Typically those provisions will in-clude such things as advertising limitations and financial suitability re-quirements of investors. A foreign investor should be required to certify in the offering documents that he or she has inquired and is in compli-ance with the rules of his or her own country regarding investment in a U.S. securities offering. Before making an offer to foreign investors or stepping foot on foreign soil to solicit investors for a U.S. securities offering under Regulation D or Regulation S, you should make sure the offering is compliant with the laws of that country. Failure to do so could result in severe, unexpected penalties, such as arrest and incarceration in the foreign country. DONT GET LOCKED UP ABROAD!U.S. Tax Laws; FIRPTA Under the U.S. Foreign Investors in Real Property Tax Act of 1980 (FIRP-17 Amendments to Regulation S: New Restrictions on Offshore Equity Offerings by U.S. Issuers, Simpson Thacher & Bartlett LLP, March 6, 199865'