How do I Replace a stolen/lost/destroyed certificate?

Any certificate which has been lost, stolen, or destroyed should be reported to Island Stock Transfer immediately in writing via email, fax, mail, or courier. At such time, Island will “red flag” the certificate to prohibit its transfer and cause Island to notify the shareholder and/or issuer immediately if the lost certificate is presented for transfer.

To replace a lost, stolen, or destroyed certificate, Island Stock Transfer must receive all necessary paperwork from the shareholder or issuer so as to be covered under a surety/indemnity bond. The shareholder may obtain a surety bond independently, or the shareholder may opt to use Island’s blanket surety bond. To use Island’s blanket surety bond, the shareholder must present the following to Island:

- Application for Lost Instrument Bond form signed and notarized
(If market value of holders position is over $50,000: Holder will need to send two fully completed, signed & notarized copies of the application for lost instrument bond to Island Stock Transfer.)
- Payment in full of Bond Premium:
- If domestic shareholder (located in US or Canada): 2.5% the value of the stock at the time it was notified as lost, stolen, or destroyed
- If international shareholder (located outside the US and Canada): 4.5% the value of the stock at the time it was notified as lost, stolen, or destroyed
- Minimum Premium: $75.00

Delivery instructions for new stock certificate, and prepaid courier arrangements (prepaid waybill, courier account number, or $25.00 to use Island’s courier account for delivery)

Upon receipt of all necessary documentation and fees, Island will replace the lost certificate and deliver the replacement certificate according to the shareholder/issuer’s request via courier.