Common use of Redemption of the Rights Clause in Contracts

Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 10 percent or more (or 20 percent or more in the case of certain institutional investors who report their holdings on Schedule 13G) of the Common Stock. Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price. The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split. Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns 10 percent or more (or 20 percent or more in the case of certain institutional investors who report their holdings on Schedule 13G) of the Common Stock and prior to the acquisition by the Acquiring Person of 50 percent of the Common Stock, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one share of Common Stock.

Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 per Right (payable in cash, Common Stock Shares or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 10 percent or more 10% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common StockShares. Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price. The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split. Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns 10 percent or more 10% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common Stock Shares and prior to the acquisition by the Acquiring Person of 50 percent 50% of the Common StockShares, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Stock Shares at an exchange ratio of one share of Common Stock Share per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one share of Common StockShare.

Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 10 percent or more of the Common Stock (or 20 percent or more of the Common Stock in the case of certain institutional investors who report their holdings on Schedule 13G) of the Common Stock). Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price. The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split. Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns 10 percent or more of the Common Stock (or 20 percent or more of the Common Stock in the case of certain institutional investors who report their holdings on Schedule 13G) of the Common Stock and prior to the acquisition by the Acquiring Person of 50 percent of the Common Stock, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one share of Common Stock.

Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 per Right (payable in cash, Common Stock Shares or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 10 percent or more 15% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common StockShares. Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price. The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split. Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns 10 percent or more 15% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common Stock Shares and prior to the acquisition by the Acquiring Person of 50 percent 50% of the Common StockShares, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Stock Shares at an exchange ratio of one share of Common Stock Share per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one share of Common StockShare.

Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 0.0001 per Right (payable in cash, Common Stock Shares or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 10 percent or more 10% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common StockShares. Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 0.0001 redemption price. The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split. Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns 10 percent or more 10% (or 20 percent or more 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common Stock Shares and prior to the acquisition by the Acquiring Person of 50 percent 50% of the Common StockShares, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Stock Shares at an exchange ratio of one share of Common Stock Share per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one share Common Share. Expiration of Common Stockthe Rights: The Rights expire on the earliest of (i) 5:00 p.m., New York City time, on November 11, 2014 (unless such date is extended) or (ii) the redemption or exchange of the Rights as described above.