Common use of Issuance of Undesignated Preferred Stock Clause in Contracts

Issuance of Undesignated Preferred Stock. Our board of directors has the authority, without further action by the stockholders, to issue up to 10,000,000 shares of undesignated Preferred Stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of Preferred Stock enables our board of directors to make it more difficult to attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise.

Issuance of Undesignated Preferred Stock. Our We anticipate that after the filing of our Restated Charter, our board of directors has will have the authority, without further action by the stockholders, to issue up to 10,000,000 shares of undesignated Preferred Stock preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of Preferred Stock preferred stock enables our board of directors to make it render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest contest, or otherwise.

Issuance of Undesignated Preferred Stock. Our board of directors has will have the authority, without further action by the our stockholders, to issue up to 10,000,000 shares of undesignated Preferred Stock preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of Preferred Stock enables preferred stock would enable our board of directors to make it render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwiseother means.