Common use of Authorized Stock of the Company Clause in Contracts

Authorized Stock of the Company. The authorized capital stock of the Company consists of 1,000 shares of common stock, par value $0.001 ("Company Common Stock"), of which 1,000 shares are issued and outstanding. The outstanding shares of Company Common Stock are owned of record and beneficially by Seller. All of the outstanding shares of Company Common Stock have been duly authorized and validly issued, were not issued in violation of any person's preemptive rights, and are fully paid and nonassessable.

Authorized Stock of the Company. The authorized capital stock of the Company consists of 1,000 10,250,000 shares of common stock, par value $0.001 ("Company Common Stock"), of which 1,000 2,603,446 shares are issued and outstanding. The outstanding (excluding 369,588 shares of Company Common Stock are owned of record and beneficially by Sellerheld in Treasury). All of the outstanding shares of Company Common Stock have been duly authorized and validly issued, were not issued in violation of any person's preemptive rights, and are fully paid and nonassessable. The Stockholders together own of record and beneficially all the outstanding shares of Company Common Stock.

Authorized Stock of the Company. The authorized capital stock of the Company consists of 1,000 shares of common stock, par value $0.001 ("Company Common Stock"), of which 1,000 shares are issued and outstanding. The outstanding 3,000,000 shares of Company Common Stock are owned Stock, of record which 1,916,004 shares were issued and beneficially by Seller. outstanding (excluding 9,900 shares held in Treasury) as of March 31, 1998 All of the outstanding shares of Company Common Stock have been duly authorized and validly issued, were not issued in violation of any person's preemptive rights, and are fully paid and nonassessable.

Authorized Stock of the Company. The authorized capital stock of the Company consists of 1,000 shares of common stock, par value $0.001 ("Company Common Stock"), of which 1,000 shares are issued and outstanding. The outstanding 1,000,000 shares of Company Common Stock are owned Stock, of record which 540,000 shares were issued and beneficially by Selleroutstanding (excluding 234,650 shares held in Treasury) as of January 28, 2000. All of the outstanding shares of Company Common Stock have been duly authorized and validly issued, were not issued in violation of any person's preemptive rights, and are fully paid and nonassessable.