HARRY HUGHES, Governor

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BE SUBJECT AT THE TIME OF REGISTRATION OR A STATEMENT THAT THERE
ARE NONE OF THOSE LIENS, RESTRICTIONS OR ADVERSE CLAIMS; AND

(E) THE DATE THE PLEDGE WAS REGISTERED.

(3)  WITHIN 2 BUSINESS DAYS AFTER THE RELEASE FROM PLEDGE OF
AN UNCERTIFICATED SECURITY HAS BEEN REGISTERED, THE ISSUER SHALL
SEND TO THE REGISTERED OWNER AND THE PLEDGEE WHOSE INTEREST WAS
RELEASED A WRITTEN STATEMENT CONTAINING:

(A)  A DESCRIPTION OF THE ISSUE OF WHICH THE
UNCERTIFICATED SECURITY IS A PART;

(B)  THE NUMBER OF SHARES OR UNITS RELEASED FROM
PLEDGE;

(C)  THE NAME AND ADDRESS AND ANY TAXPAYER
IDENTIFICATION NUMBER OF THE REGISTERED OWNER AND THE PLEDGEE
WHOSE INTEREST WAS RELEASED;

(D)  A NOTATION OF ANY LIENS AND RESTRICTIONS OF THE
ISSUER AND ANY ADVERSE CLAIMS (AS TO WHICH THE ISSUER HAS A DUTY
UNDER § 8-403(4)) TO WHICH THE UNCERTIFICATED SECURITY IS OR MAY
BE SUBJECT AT THE TIME OF REGISTRATION OR A STATEMENT THAT THERE
ARE NONE OF THOSE LIENS, RESTRICTIONS OR ADVERSE CLAIMS; AND

(E)  THE DATE THE RELEASE WAS REGISTERED.

(4)  AN "INITIAL TRANSACTION STATEMENT" IS A STATEMENT SENT
TO:

(A)  THE NEW REGISTERED OWNER AND, IF APPLICABLE, TO
THE REGISTERED PLEDGEE PURSUANT TO SUBSECTION (1);

(B)  THE REGISTERED PLEDGEE PURSUANT TO SUBSECTION
(2); OR

(C)  THE REGISTERED OWNER PURSUANT TO SUBSECTION (3).
EACH INITIAL TRANSACTION STATEMENT SHALL BE SIGNED BY OR ON
BEHALF OF THE ISSUER AND MUST BE IDENTIFIED AS AN "INITIAL
TRANSACTION STATEMENT".

(5)  WITHIN 2 BUSINESS DAYS AFTER THE TRANSFER OF AN
UNCERTIFICATED SECURITY HAS BEEN REGISTERED, THE ISSUER SHALL
SEND TO THE FORMER REGISTERED OWNER AND THE FORMER REGISTERED
PLEDGEE, IF ANY, A WRITTEN STATEMENT CONTAINING:

(A)  A DESCRIPTION OF THE ISSUE OF WHICH THE
UNCERTIFICATED SECURITY IS A PART;

(B)  THE NUMBER OF SHARES OR UNITS TRANSFERRED;

(C)  THE NAME AND ADDRESS AND ANY TAXPAYER
IDENTIFICATION NUMBER OF THE FORMER REGISTERED OWNER AND OF ANY
FORMER REGISTERED PLEDGEE; AND