Common use of Delivery of Preferred Stock Clause in Contracts

Delivery of Preferred Stock. Holder agrees to promptly, after execution of this Agreement deliver the above referenced Preferred Stock to American Stock Transfer and Trust Company via the DWAC system (transfer agent #29-41) for cancellation. Holder represents that it owns the Preferred Stock clear of any lien, encumbrance, or pledge of any kind and that the Exchange shall transfer all title thereto to Hecla. Holder represents that it is an accredited investor. The address and contact information for American Stock Transfer and Trust Company is as follows: American Stock Transfer and Trust Company 59 Maiden Lane New York, New York 10038 Xxxxxxx: Xxxxx Xxxxxxxxx (718) 921-8275

Delivery of Preferred Stock. Holder agrees to promptly, after execution of this Agreement deliver the above referenced Preferred Stock to American Stock Transfer and Trust Company via the DWAC system (transfer agent #29-41) for cancellation. Holder represents that it owns the Preferred Stock clear of any lien, encumbrance, or pledge of any kind and that the Exchange shall transfer all title thereto to Hecla. Holder represents that it is an accredited investor. The address and contact information for American Stock Transfer and Trust Company is as follows: American Stock Transfer and Trust Company 59 Maiden Lane New York, New York 10038 Xxxxxxx: Xxxxx Xxxxxxxxx (718000) 921000-8275