Common use of Capitalization; No Liens Clause in Contracts

Capitalization; No Liens. (a) The authorized capital stock of IDT Parent consists solely of (i) 100,000,000 shares of common stock, par value $.01 per share (“IDT Parent Common Stock”), of which 18,845,933 shares are issued and outstanding and 6,228,927 shares are held in treasury, (ii) 35,000,000 shares of Class A common stock, par value $.01 per share (“IDT Parent Class A Common Stock”), of which 9,816,988 shares are issued and outstanding and none are held in treasury, (iii) 100,000,000 shares of IDT Parent Class B Common Stock, of which 67,554,116 shares are issued and outstanding and 1,608,290 shares are held in treasury, and 10,000,000 shares of preferred stock, par value $.01 per share, none of which are issued and outstanding and none are held in treasury.

Capitalization; No Liens. (a) The authorized capital stock of IDT Parent consists solely of (i) 100,000,000 shares of common stock, par value $.01 per share (“IDT Parent Common Stock”)share, of which 18,845,933 21,009,468 shares are issued and outstanding and 6,228,927 4,065,392 shares are held in treasury, (ii) 35,000,000 shares of Class A common stock, par value $.01 per share (“IDT Parent Class A Common Stock”)share, of which 9,816,988 shares are issued and outstanding and none are held in treasury, (iii) 100,000,000 shares of IDT Parent Class B Common Stockcommon stock, par value $.01 per share, of which 67,554,116 56,156,843 shares are issued and outstanding and 1,608,290 4,870,898 shares are held in treasury, and 10,000,000 shares of preferred stock, par value $.01 per share, none of which are issued and outstanding and none are held in treasury.

Capitalization; No Liens. (a) The authorized capital stock of IDT Parent consists solely of (i) 100,000,000 shares of common stock, par value $.01 per share (“IDT Parent Common Stock”)share, of which 18,845,933 21,009,468 shares are issued and outstanding and 6,228,927 4,065,392 shares are held in treasury, (ii) 35,000,000 shares of Class A common stock, par value $.01 per share (“IDT Parent Class A Common Stock”)share, of which 9,816,988 shares are issued and outstanding and none are held in treasury, (iii) 100,000,000 shares of IDT Parent Class B Common Stockcommon stock, par value $.01 per share, of which 67,554,116 56,156,853 shares are issued and outstanding and 1,608,290 4,870,898 shares are held in treasury, and 10,000,000 shares of preferred stock, par value $.01 per share, none of which none are issued and outstanding and none are held in treasury.