Common use of Authorization of the Preferred Stock Clause in Contracts

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 shares of its Series B Preferred Stock, par value $.01 per share (the “Preferred Stock”), having the rights and preferences set forth in the Certificate of Designations attached hereto as Exhibit A. The Preferred Stock is convertible into shares of the Company’s Common Stock, par value $.01 per share (the “Common Stock”).

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers LLC of 50,000 95,000 shares of its Series B the Company's 12% Cumulative Convertible Preferred Stock, par value $.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations Incorporation attached hereto as Exhibit A. 1. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 per share (the “"Common Stock”"), as set forth in the Certificate of Incorporation.

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 15,000 shares of its Series B A Convertible Preferred Stock, par value $.01 0.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations EXHIBIT A attached hereto as Exhibit A. hereto. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 0.01 per share (the “"Common Stock”").

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 210,577 shares of its Series B Convertible Preferred Stock, par value $.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations Exhibit A attached hereto as Exhibit A. hereto. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 per share (the “"Common Stock”").

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 30,000 shares of its Series B A Preferred Stock, par value $.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations Exhibit A attached hereto as Exhibit A. hereto. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 per share (the “"Common Stock”").

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 2,000,000 shares of its Series B A Convertible Preferred Stock (the "Preferred Stock, par value $.01 per share (the “Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations Exhibit A attached hereto as Exhibit A. hereto. The Preferred Stock is convertible into shares of the Company’s 's Common Stock (the "Common Stock, par value $.01 per share (the “Common Stock”").

Authorization of the Preferred Stock. The Company shall will authorize the issuance and sale to the Purchasers of 50,000 up to 4,000,000 shares of its Series B Preferred Stock, par value $.01 per share (the “Preferred Stock”), having the rights and preferences set forth in the Certificate of Designations attached hereto as Exhibit A. The Preferred Stock is convertible into upon the terms and subject to the conditions of this Agreement. The Company will reserve a sufficient number of shares of the Company’s Common Stock, par value $.01 per share par value, of the Company (the “"Common Stock”"), for issuance upon conversion of the Preferred Stock.

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 shares of its Series B Preferred Stock, par value $.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations attached hereto as Exhibit A. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 per share (the “"Common Stock”").

Authorization of the Preferred Stock. The Company shall ------------------------------------ authorize the issuance and sale to the Purchasers Purchaser of 50,000 6,165,422 shares of its Series B C Convertible Preferred Stock, par value $.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth in the Certificate of Designations Exhibit A attached hereto as Exhibit A. --------- hereto. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 .05 per share (the “"Common Stock”").

Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 50,000 shares of its Series B A Redeemable Voting Convertible Preferred Stock, par value $.01 0.01 per share (the “"Preferred Stock”"), having the rights and preferences set forth with respect thereto in the Certificate of Designations Designation attached hereto as Exhibit A. The Preferred Stock is convertible into shares of the Company’s 's Common Stock, par value $.01 0.01 per share (the “"Common Stock”"), in the manner and upon the terms and conditions set forth in the Certificate of Designation.