Sales of Class D Units by investors resident in Canada to residents of Canada are subject to resale restrictions as set out in the Canadian Offering Memorandum. Under these restrictions Canadian residents may sell their Class D Units to “accredited investors” as defined under Canadian securities laws or to family and friends of management of RED, as defined under Canadian securities laws.
Sales of Class D Units by investors resident in the United States to residents of the United States are not subject to resale restrictions.
If RED accepts investors from outside of Canada and the United States, Sales of Class D Units by these investors will be subject to the laws of the jurisdiction of the residence of both the purchaser and seller of the Class D Units.
RED has the discretion to refuse to register a transfer. All sales of Class D Units require the purchaser to agree to be bound by the RED partnership agreement and to make certain representations contained in the partnership agreement. There is no custodian of the Class D Units although there is a registrar and transfer agent in the United States for U.S. residents. All transfers will be registered and confirmed electronically. Investors may gift their Class D Units provided the recipient agrees to be bound by the RED partnership agreement and to make certain representations contained in the partnership agreement. The partnership agreement will be available for viewing on FrontFundr when the offering goes live in Canada and on StartEngine when the offering goes live in the United States and abroad.