Common use of Previous Transfer Agent Clause in Contracts

Previous Transfer Agent. The Company shall indemnify, protect and hold AST harmless from any liability arising from any actions, or failures to act, on the part of any previous stock transfer agent(s) used by the Company, specifically including, but not limited to, liability arising from lack of completeness or validity of the records maintained by any such previous transfer agents or provided to AST by such previous stock transfer agents. AST agrees to exercise reasonable diligence in converting the records and information of any such previous stock transfer agent to AST's system, and in researching the records of any such previous stock transfer agent to identify and resolve errors and discrepancies contained therein.