Before selling securities to a prospective purchaser through a MNvest portal, the MNvest issuer shall require the portal operator to obtain from the prospective purchaser through the applicable MNvest portal a written or electronic certification that includes, at a minimum, the following statements:
"I UNDERSTAND AND ACKNOWLEDGE THAT:
If I make an investment in an offering through this MNvest portal, it is very likely that I am investing in a high-risk, speculative business venture that could result in the complete loss of my investment, and I need to be able to afford such a loss.
This offering has not been reviewed or approved by any state or federal securities commission or division or other regulatory authority and that no such person or authority has confirmed the accuracy or determined the adequacy of any disclosure made to me relating to this offering.
If I make an investment in an offering through this MNvest portal, it is very likely that the investment will be difficult to transfer or sell and, accordingly, I may be required to hold the investment indefinitely.
By entering into this transaction with the company, I am affirmatively representing myself as being a Minnesota resident at the time that this contract is formed, and if this representation is subsequently shown to be false, the contract is void."
(ii) the prospective purchaser makes an affirmative acknowledgment, electronically through the MNvest portal, that:
(A) I am a Minnesota resident;
(B) the securities and investment opportunities listed on this website involve high-risk, speculative business ventures. If I choose to invest in any securities or investment opportunity listed on this website, I may lose all of my investment, and I can afford such a loss;
(C) the securities and investment opportunities listed on this website have not been reviewed or approved by any state or federal securities commission or division or other regulatory authority, and no such person or authority, including this website, has confirmed the accuracy or determined the adequacy of any disclosure made to prospective investors relating to any offering; and
(D) if I choose to invest in any securities or investment opportunity listed on this website, I understand that the securities I will acquire may be difficult to transfer or sell, that there is no ready market for the sale of such securities, that it may be difficult or impossible for me to sell or otherwise dispose of this investment at any price, and that, accordingly, I may be required to hold this investment indefinitely; and
