Common use of Company Capitalization Clause in Contracts

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 shares of Company Common Stock, of which, as of December 31, 2016 (the "Company Capitalization Date"), 17,242,645 shares were issued and outstanding; and (ii) 1,000,000 shares of the Company's preferred stock, $1.00 par value per share ("Company Preferred Stock"), of which no shares were designated and outstanding as of the Company Capitalization Date. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights.

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 4,000,000 shares of Company Common Stock, of which, as of December 31, 2016 (the "“Company Capitalization Date"”), 17,242,645 592,256 shares were issued and outstanding; and (ii) 1,000,000 250,000 shares of the Company's ’s preferred stock, $1.00 no par value per share ("“Company Preferred Stock"”), of which no shares were designated and outstanding as of the Company Capitalization Date. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights.

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 of 200,000 shares of Company Common Stock, of which, as of December 31June 30, 2016 2014 (the "“Company Capitalization Date"”), 17,242,645 57,993 shares were issued and outstanding; and (ii) 1,000,000 40,000 shares of the Company's ’s preferred stock, $1.00 100.00 par value per share ("“Company Preferred Stock"”), of which no shares were designated and outstanding as of the Company Capitalization Date. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders shareholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable paid and free of preemptive rightsnonassessable.

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 10,000,000 shares of Company Common Stock, of which, as of December 31, 2016 2012 (the "“Company Capitalization Date"”), 17,242,645 2,087,932 shares were issued and outstanding; and (ii) 1,000,000 shares of the Company's ’s preferred stock, $1.00 no par value per share ("“Company Preferred Stock"”), of which no shares were are designated and outstanding as of the Company Capitalization Dateoutstanding. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable paid and free of preemptive rightsnonassessable.

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 of 5,000,000 shares of Company Common Stock, of which, as of December 31September 30, 2016 2015 (the "“Company Capitalization Date"”), 17,242,645 1,633,862 shares were issued and outstanding; and (ii) 1,000,000 shares of the Company's ’s preferred stock, $1.00 par value per share ("“Company Preferred Stock"”), of which no shares were designated and outstanding as of the Company Capitalization Date. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders shareholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable paid and free of preemptive rightsnonassessable.

Company Capitalization. (a) The authorized capital stock of the Company currently consists exclusively of: (i) 60,000,000 18,000,000 shares of Company Common Stock, of which, as of December 31November 30, 2016 2015 (the "“Company Capitalization Date"”), 17,242,645 11,920,597 shares were issued and outstanding; and (ii) 1,000,000 shares of the Company's ’s preferred stock, $1.00 0.01 par value per share ("“Company Preferred Stock"”), of which no shares were designated and outstanding as of the Company Capitalization Date. The Company does not have outstanding any bonds, debentures, notes or other debt obligations having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) with the stockholders of the Company on any matter. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights.