Common use of Number and Designation Clause in Contracts

Number and Designation. The number of shares to constitute this series shall be 2,500,000 and the designation of such shares shall be the "Series B Convertible Preferred Shares" (hereinafter called "this Series"). The number of shares constituting this Series may be decreased from time to time by action of the Board, but not below the number of shares of this Series then outstanding. All shares of this Series shall be identical with each other in all respects. The shares of this Series shall rank senior to the common shares (the "Common Shares") of the Corporation and equal to the Series A Convertible Preferred Shares ("Series A Convertible Shares") as to dividends and upon liquidation, as described below. Any amounts herein referencing share prices or numbers of shares shall be subject to appropriate adjustments in the event of any stock splits, consolidations or the like.

Number and Designation. The number of shares to constitute this series shall be 2,500,000 2,666,666 and the designation of such shares shall be the "Series B A Convertible Preferred Shares" (hereinafter called "this Series"). The number of shares constituting this Series may be decreased from time to time by action of the Board, but not below the number of shares of this Series then outstanding. All shares of this Series shall be identical with each other in all respects. The shares of this Series shall rank senior to the common shares (the "Common Shares") of the Corporation and equal to the Series A B Convertible Preferred Shares ("Series A B Convertible Shares") as to cash dividends and upon liquidation, as described below. Any amounts herein referencing share prices or numbers of shares shall be subject to appropriate adjustments in the event of any stock splits, consolidations or the like.