Transfer of Outstanding Shares. New Horizon Transfer Inc is hereby authorized to accept for transfer any outstanding certificates representing the Company’s stock covered by this appointment, and to issue and countersign new certificates in place thereof except that New Horizon Transfer Inc may refuse to transfer such certificate if it in good faith believes that the certificate, when surrendered for transfer, is not validly or genuinely endorsed or is otherwise not in compliance with law. New Horizon Transfer Inc reserves the right to refuse to transfer shares until it is satisfied that the requested transfer is legally authorized or for any reason not permitted by law. New Horizon Transfer Inc may, in effecting transfers, rely upon Simplification Acts or the Uniform Commercial Code, which it believes may protect New Horizon Transfer Inc and the Company in not requiring complete documentation. In cases in which New Horizon Transfer Inc is not directed or otherwise required to maintain the consolidated records of stockholders’ accounts, New Horizon Transfer Inc shall not be liable for any loss, which may arise by reason of not having such records where it has exercised ordinary diligence. New Horizon Transfer Inc shall be under no duty to use a greater degree of diligence by reason of not having such records.
Transfer of Outstanding Shares. AST is hereby authorized to accept for transfer any outstanding certificates representing the Company's stock covered by this Agreement, and to issue and countersign new certificates in place thereof, except that AST may refuse to transfer such certificate if it in good faith believes that the certificate, when surrendered for transfer, is not validly or genuinely endorsed or is otherwise not valid. AST incurs no liability and assumes no responsibility with respect to the transfer of restricted securities when Company's counsel advised AST that such transfer may be properly effected. AST reserves the right to refuse to transfer shares until it is satisfied that the requested transfer is legally authorized and it shall incur no liability for the refusal in good faith to make transfers which it, in its judgment, believes may be improper, unauthorized or for any other reason not permitted by law. AST may, in effecting transfers, rely upon the Securities Act of 1933, the Securities Exchange Act of 1934, any state securities law, and rules and regulations promulgated pursuant to such laws, the Simplification Acts or the Uniform Commercial Code in transferring or refusing the transfer of any securities, included but not limited to provisions relating to adverse claims. In cases in which AST is not directed or otherwise required to maintain the primary records of stockholders' accounts (i.e., co-transfer agent), AST shall not be liable for any loss which may arise by reason of not having such records where AST has exercised ordinary diligence. AST shall be under no duty to use a greater degree of diligence by reason of not having such records.
Transfer of Outstanding Shares. President’s Stock Transfer Inc is hereby authorized to accept for transfer any outstanding certificates representing the Company’s stock covered by this appointment, and to issue and countersign new certificates in place thereof except that President’s Stock Transfer Inc may refuse to transfer such certificate if it in good faith believes that the certificate, when surrendered for transfer, is not validly or genuinely endorsed or is otherwise not in compliance with law. President’s Stock Transfer Inc reserves the right to refuse to transfer shares until it is satisfied that the requested transfer is legally authorized or for any reason not permitted by law. President’s Stock Transfer Inc may, in effecting transfers, rely upon Simplification Acts or the Uniform Commercial Code, which it believes may protect President’s Stock Transfer Inc and the Company in not requiring complete documentation. In cases in which President’s Stock Transfer Inc is not directed or otherwise required to maintain the consolidated records of stockholders’ accounts, President’s Stock Transfer Inc shall not be liable for any loss, which may arise by reason of not having such records where it has exercised ordinary diligence. President’s Stock Transfer Inc shall be under no duty to use a greater degree of diligence by reason of not having such records.
Transfer of Outstanding Shares. Securities Transfer Corporation is hereby authorized to accept for transfer any outstanding certificates representing the Company's stock covered by this appointment, and to issue and countersign new certificates in place thereof, except that Securities Transfer Corporation may refuse to transfer such certificate if it in good faith believes that the certificate, when surrendered for transfer, is not validly or genuinely endorsed or is otherwise not in compliance with law. Securities Transfer Corporation reserves the right to refuse to transfer shares until it is satisfied that the requested transfer is legally authorized and it shall incur no liability for the refusal in good faith to make transfers which it, in its judgment, believes may be improper, unauthorized or for any reason not permitted by law. Securities Transfer Corporation may, in effecting transfers, rely upon Simplification Acts or the Uniform Commercial Code which it believes may protect Securities Transfer Corporation and the Company in not requiring complete documentation. In cases in which Securities Transfer Corporation is not directed or otherwise required to maintain the consolidated records of stockholders' accounts, Securities Transfer Corporation shall not be liable for any loss which may arise by reason of not having such records where it has exercised ordinary diligence. Securities Transfer Corporation shall be under no duty to use a greater degree of diligence by reason of not having such records.
