Common use of Authorization of Additional Common Stock Clause in Contracts

Authorization of Additional Common Stock. The Board of Directors, at a meeting duly called and held, has by the required vote of the directors then in office, approved the authorization of an additional 160 million shares of Common Stock ("Parent Amendment"), adopted a resolution declaring the advisability of such action and directed that such action be submitted for consideration by the Parent Shareholders. Subject to authorization by the holders of Common Stock ("Parent Shareholders") ("Common Stock Authorizations"), Parent will obtain all necessary consents, approvals or authorizations necessary to effect the Parent Amendment.