Shareholder Administration
Stock Exchange Listing
Stock Transfer AgentERHC Energy’s common stock is currently traded on the OTC Pink marketplace under the symbol “ERHE.”
Shareholder records are maintained by Corporate Stock Transfer (“CST”). Communication concerning the transfer or exchange of shares, lost certificates or change of address should be directed to:
Corporate Stock Transfer
3200 Cherry Creek Drive South
Suite 430
Denver, CO 80209
Toll Free: (877) 309-2764
Tel: (303) 282-4800
Fax: (303) 282-5800
Email: postmaster@corporatestock.com
Website: http://www.corporatestock.com/Please contact Corporate Stock Transfer for the further information relating to your ownership of ERHC Energy Inc. common stock.
Change of Address
Shareholders should notify CST of change of address by fax, and include shareholder name and social security or Tax ID number.
Transfer of Ownership
The following items are required for transfer of free-trading or restricted** stock by an individual:
- Original Stock Certificate
- Stock Power or back of certificate signed with a Medallion Signature Guarantee
- Letter of instruction
- Cash or check for $25.00 per certificate being issued
**restricted transfers require company or counsel approval.
The following items are required for transfer of stock transfer of free-trading or restricted** stock by a corporation or partnership:
- Original Stock Certificate
- Stock Power or back of certificate signed with a Medallion Signature Guarantee
- Corporate Resolution or Partnership Agreement
- Letter of instruction
- Cash or check for $25.00 per certificate being issued
**restricted transfers require company or counsel approval.
Lost Stock Certificate:
If a stock certificate is lost, stolen, or destroyed, please notify CST in writing. CST will send the necessary forms and instructions for replacing the stock certificate. CST will also send an Affidavit of Loss and an Agreement of Indemnity, both of which must be filled out, signed by the registered shareholder, and notarized.
Certificates in previous name (Environmental Remediation Holding Corporation)
The following items are required for an exchange of certificates:
- Original Stock Certificate
- Transmittal letter or letter of instruction
- Cash or check for $25.00 per certificate being issued
- Shareholders do not need to send a Medallion Signature Guarantee unless they are transferring the shares
Lifting of Legend
Restrictive legends on Company stock certificates may be removed if the requirements of Rule 144(k) of the Securities Act of 1933 ("1933 Act ") are met. Rule 144(k) requires that a period of two years must elapse since the later of the date the stock was acquired from the Company or from an affiliate of the Company. A stock is deemed acquired by a shareholder when he or she pays the full purchase price or other consideration. An affiliate generally is an executive officer, director or 10% or more shareholder.
CST may require at least the following items to remove the restrictive legends from stock certificates:- Original Stock Certificate
- 144(k) letter
- Documentation fee
- Fee for each certificate printed
If a shareholder is transferring his or her shares to another person or entity, then a Medallion Signature Guarantee* may be required from his or her broker.
Once a restrictive legend is removed from the certificate it becomes “free trading.”
Your broker/dealer should contact CST to ascertain what items CST requires to remove the restrictive legend from your stock certificate.
Sales of Restricted Stock
Restricted stock may be sold in the market if the requirements of Rule 144 of the 1933 Act are met. A period of one year must have elapsed since the later of the date the stock was acquired from the Company or from an affiliate of the Company.
CST may require at least the following items to effect a Rule 144 sale:
- Original Stock Certificate
- Form 144
- Broker’s Representation Letter*
- Seller’s Representation Letter*
- Legal Opinion of Counsel*
- Medallion Signature Guaranteed Stock Power*
- Broker Instructions to put stock in street name*
- Documentation fee
- Fee for each certificate printed
**These items are available from a shareholder’s broker/dealer.
Your broker/dealer should contact CST to ascertain what items CST requires to effect a Rule 144 sale.
144-K Instruction Letter Samples:
Form 144(k)
Shares of 144(k) stock are generally restricted from registration until they have been held two years or more. In order to remove the restrictive legend after the specified holding period has expired, the shareholder should supply proof to CST that he/she is not an affiliate** of the Company (i.e. officer, director, 10% or greater shareholder) and provide a copy of Form 144(k) along with the required Company Authorization letter to remove the restrictions.The following items are required for legend removal under Rule 144-K:
- Original Stock Certificate
- 144-K Letter
- Cash or check for $25.00 per certificate being issued and $25.00/shareholder or $30.00/broker to remove legend
Shareholders do not need to send a Medallion Signature Guarantee unless they are transferring the shares
**An affiliate is defined as any shareholder of the Company that owns 10% or more of the outstanding shares
144-K Instruction Letter Samples:
Please Note:
CST will hold such requests for only 10 days. After 10 days, the request will be returned to sender if CST has not received Company authorization to remove the legend. CST will attempt to get an outside opinion approved by the Company or the Company's counsel. In the the event that the Company rejects the outside opinion within 10 days, CST will return the request for legend removal to the presenter with a rejection notice. If CST does not receive a Company rejection of the outside opinion, CST, relying on the outside opinion, will process the legend removal on the 10th day. If the Company or the Company's counsel rejects the outside opinion, they need to state in writing the reason for the rejection and then CST will return the request for legend removal to the presenter with a copy of the Company’s rejection notice.
Forms
Download Form 144 here.
Streetholders
If your shares are held by your broker, please contact your broker directly for information on your account.
Malone & Bailey, P.C
10350 Richmond Ave., Suite 800
Houston, TX 77042
Tel: (713) 343-4242
Fax: (713) 343-3442
www.malone-bailey.com