Pledgeholder. Pledgors and Secured Party hereby jointly appoint ------------ Raymond A. Lee, Esq. of Lee & Goddard LLP to serve and act as pl▇▇▇▇▇▇▇▇▇▇ ("▇▇▇dgeholder") ▇▇▇ to ▇▇▇▇ ▇▇d dispose of the Certificates in accordance with this Pledge. Pledgors hereby collaterally assigns to Pledgeholder the Certificates without claim of right during the term of this Pledge. Upon execution of this Pledge, each Pledgor shall deliver its Certificate to Pledgeholder and shall also make, execute and deliver to Pledgeholder an assignment separate from certificate, endorsed in blank, permitting transfer of such Certificate to Pledgeholder or Pledgeholder's designee (each, an "Assignment"), in the form attached hereto as Exhibit "1." -----------
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Pledgeholder. Pledgors Pledgor and Secured Party Parties hereby jointly appoint ------------ Raymond A. Lee, Esq. of Lee & Goddard LLP to serve and act as pl▇ple▇▇▇▇▇▇▇▇▇ ("▇▇▇dgeholder▇geholder") ▇a▇▇ to ▇▇▇▇ ▇▇d dispose of the Certificates Certificate in accordance with this Pledge. Pledgors Pledgor hereby collaterally assigns to Pledgeholder the Certificates Certificate without claim of right during the term of this Pledge. Upon execution of this Pledge, each Pledgor shall deliver its the Certificate to Pledgeholder and shall also make, execute and deliver to Pledgeholder an assignment separate from certificate, endorsed in blank, permitting transfer of such the Certificate to Pledgeholder or Pledgeholder's designee (each, an the "Assignment"), in the form attached hereto as Exhibit "1." -----------
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