Guide to Restrictions
The following documentation is required for legend removal pursuant to Rule 144. Please see downloadable documentation below. This will assist in determining whether an Affiliate or Non-Affiliate and/or the Issuer are Reporting or Non-Reporting.
LEGEND REMOVAL ONLY
1. Original Certificate
2. Legal Opinion Letter (from legal counsel of the company, or any SEC authorized legal counsel) *
3. Seller’s Representation Letter
4. Mailing Instructions
5. Applicable Fees as follows:
- $53.00 to remove the restriction and issue new certificate
- $3.00 to cancel old certificate
- $45.00 for FedEx Priority Overnight or pre-paid way bill by any Courier Service provided by you.
*Please note the legal opinion has to reference the following factual determinations such as:
1. Whether the seller is an affiliate on non-affiliate of the issuer
2. Whether the issuer is an Exchange Act reporting company or non-reporting company
3. The duration of the seller’s holding period for the securities
4. Whether the issuer is or was a shell company.
TRANSFER OF TITLE
1. Original Certificate
2. Original Stock Power with Medallion Guaranteed Signature
3. Instructions for transfer
4. Names, Addresses, Social Security Numbers of each new Shareholder, Phone #, Email (if any).
5. Applicable Fees as follows:
- $3.00 to cancel old certificate
- $25.00 to issue one free trading certificate
- $28.00 to issue one restricted certificate
- $45.00 for FedEx Priority Overnight or pre-paid way bill by any Courier Service provided by you.
| File Type | Attachment | File Size |
|---|---|---|
| Island's Rule 144 Guide | 55.07 KB | |
| Shareholder's Representation Letter - 6-Month Hold | 11.46 KB | |
| Shareholder's Representation Letter - 1 Year Hold | 11.71 KB | |
| Stock Power | 12.11 KB |
