Common use of Authorized and Outstanding Stock Clause in Contracts

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of 10,000,000 shares of Common Stock, par value $0.01 per share, and 1,000,000 shares of Preferred Stock, par value $0.01 per share. As of the date hereof, 2,439,350 shares of Common Stock are issued and outstanding. As of the date hereof, no shares of Preferred Stock are issued and outstanding. There are no preemptive rights with respect to the Common Stock.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of 10,000,000 (i) 2,000,000 shares of Common Stockpreferred stock, par value $0.01 5.00 per share, share and 1,000,000 (ii) 10,000,000 shares of Preferred Stockcommon stock, par value $0.01 5.00 per share. As of the date hereof, 2,439,350 (i) 1,994,218 shares of Common Company Stock are issued fully paid, validly issued, nonassessable and outstanding. As of the date hereof, and (iii) no shares of Preferred Stock preferred stock are issued and or outstanding. There are no preemptive rights with respect to the Common Stock.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of 10,000,000 750,000 shares of Common Stockcommon stock, par value $0.01 per share, and 1,000,000 shares of Preferred Stock, par value $0.01 1.00 per share. As of the date hereof, 2,439,350 333,725 shares of Common Company Stock are issued and outstanding. As of the date hereof, no shares of Preferred Stock are issued were fully paid and outstanding. There are no unsatisfied preemptive rights with respect to the Common Company Stock.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of 10,000,000 5,000,000 shares of Common Stockcommon stock and 1,000,000 shares of preferred stock, par value $0.01 per share, and 1,000,000 shares of Preferred Stock, par value $0.01 1.00 per share. As of the date hereof, 2,439,350 1,301,101 shares of Common Stock Company common stock are fully paid, validly issued, nonassessable and outstanding, and 288,202 shares of common stock are held as treasury stock. No shares of preferred stock are issued and or outstanding. As of the date hereof, no shares of Preferred Stock are issued and outstanding. There are no preemptive rights with respect to the Common Stock.