Resale limitations.
Equity securities of domestic issuers acquired from the issuer, a distributor, or any of their respective affiliates in a transaction subject to the conditions of 230.901 or 230.903 are deemed to be restricted securities as defined in 230.144. Resales of any of such restricted securities by the offshore purchaser must be made in accordance with this Regulation S ( 230.901 through 230.905, and Preliminary Notes), the registration requirements of the Act or an exemption therefrom. Any restricted securities, as defined in 230.144, that are equity securities of a domestic issuer will continue to be deemed to be restricted securities, notwithstanding that they were acquired in a resale transaction made pursuant to 230.901 or 230.904.