Common use of APPOINTMENT OF THE COMPANY AS AGENT Clause in Contracts

APPOINTMENT OF THE COMPANY AS AGENT. Pledgor hereby appoints and constitutes the Company, its successors and assigns, as his agent and attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action or executing any instrument that the Company considers necessary or convenient for such purpose, including the power to (a) endorse and deliver checks, notes and other instruments for the payment of money in the name of and on behalf of Pledgor, (b) endorse and deliver in the name of and on behalf of Pledgor securities certificates, (c) execute and deliver in the name of and on behalf of Pledgor instructions to the issuers of uncertified securities and (d) to execute and file in the name of and on behalf of Pledgor financing statements (which may be photocopies of this Agreement) and continuations and amendments to financing statements in the State of Wyoming or elsewhere and Forms 144 with the United States Securities and Exchange Commission. This appointment is coupled with an interest and is irrevocable and will not be affected by the death or bankruptcy of Pledgor nor by the lapse of time. If Pledgor fails to perform any act required by this Agreement, the Company may perform such act in the name of and on behalf of Pledgor and at his expense which shall be chargeable to Pledgor under Article 5 below. Pledgor hereby consents and agrees that the issuers of or obligors of the Pledged Collateral or any registrar or transfer agent or trustee for any of the Pledged Collateral shall be entitled to accept the provisions hereof as conclusive evidence of the rights of the Company to effect any transfer pursuant to this Agreement and the authority granted to the Company herein, notwithstanding any other notice or direction to the contrary heretofore or hereafter given by Pledgor, or any other person, to any of such issuers, obligors, registrars, transfer agents, or trustees.

APPOINTMENT OF THE COMPANY AS AGENT. Pledgor hereby appoints and constitutes the Company, its successors and assigns, as his agent and attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action or executing any instrument that the Company considers necessary or convenient for such purpose, including the power to (a) endorse and deliver checks, notes and other instruments for the payment of money in the name of and on behalf of Pledgor, (b) endorse and deliver in the name of and on behalf of Pledgor securities certificates, (c) execute and deliver in the name of and on behalf of Pledgor instructions to the issuers of uncertified uncertificated securities and (d) to execute and file in the name of and on behalf of Pledgor financing statements (which may be photocopies of this Agreement) and continuations and amendments to financing statements in the State of Wyoming or elsewhere and Forms 144 with the United States Securities and Exchange Commission. This appointment is coupled with an interest and is irrevocable and will not be affected by the death or bankruptcy of Pledgor nor by the lapse of time. If Pledgor fails to perform any act required by this Agreement, the Company may perform such act in the name of and on behalf of Pledgor and at his expense which shall be chargeable to Pledgor under Article 5 below. Pledgor hereby consents and agrees that the issuers of or obligors of the Pledged Collateral or any registrar or transfer agent or trustee for any of the Pledged Collateral shall be entitled to accept the provisions hereof as conclusive evidence of the rights of the Company to effect any transfer pursuant to this Agreement and the authority granted to the Company herein, notwithstanding any other notice or direction to the contrary heretofore or hereafter given by Pledgor, or any other person, to any of such issuers, obligors, registrars, transfer agents, or trustees.