Cal. Code Regs. tit. 10 § 260.105.2
There is hereby exempted from the provisions of Section 25110 and Section 25130 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors, any offer or sale of a security by or through a broker-dealer licensed under the Code (whether acting as such or as a finder), to a resident of a foreign state, territory or country who is neither domiciled in this State to the knowledge of the broker-dealer nor actually present in this State if the sale of such security is not in violation of any securities law of the foreign state, territory or country concerned, and any offer or sale to a broker-dealer licensed under the Code in a principal transaction (or for resale pursuant to an exemption contained in the Code or in these Rules) or as an underwriter or a member of an underwriting syndicate or selling group.
Cal. Code Regs. Tit. 10, § 260.105.2
Note: Authority cited: Sections 25105 and 25610, Corporations Code, reference: Sections 25105, 25110 and 25130, Corporations Code.