Common use of Non-Operating Subsidiaries Clause in Contracts

Non-Operating Subsidiaries. As of the date hereof, none of -------------------------- Shelby FSC Corp., Madison Furniture Industries, Inc., Thonet International (UK) Limited, Fundiciones Tecnicas, S.A., Falcon de Baja California, S.A. de C.V., The Falcon Companies International, Inc., The Falcon Companies HK Limited, or Falcon Holdings, Inc., each a Subsidiary of Falcon, has any material assets, operations, business, liabilities or contingent liabilities.

Non-Operating Subsidiaries. As of the date hereof, -------------------------- none of -------------------------- Shelby FSC Corp., Madison Furniture Industries, Inc., Thonet International (UK) Limited, Fundiciones Tecnicas, S.A., Falcon de Baja California, S.A. de C.V., The Falcon Companies International, Inc., The Falcon Companies HK Limited, or Falcon Holdings, Inc., each a Subsidiary of Falcon, has any material assets, operations, business, liabilities or contingent liabilities.