Common use of Outstanding Stock Clause in Contracts

Outstanding Stock. All of the issued and outstanding shares of capital stock of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. As of January 31, 2007, there were 32,994,887 shares of $0.01 par value common stock outstanding and approximately 70,000,000 Shares on a fully diluted basis. All outstanding shares of capital stock of the Company have been validly issued, fully paid and nonassessable and free and clear of all Liens. All outstanding shares of capital stock of the Company were issued, sold and delivered in full compliance with all applicable Federal and state securities laws and the similar laws of other foreign jurisdictions as may be applicable.

Outstanding Stock. All of the issued and outstanding shares of capital stock of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. As of January 31July 30, 2007, there were 32,994,887 94,512,410 shares of $0.01 0.001 par value common stock Common Stock outstanding and approximately 70,000,000 Shares 107,652,410 shares on a fully diluted basis. All outstanding shares of capital stock of the Company have been validly issued, fully paid and nonassessable and free and clear of all Liens. All outstanding shares of capital stock of the Company were issued, sold and delivered in full compliance with all applicable Federal and state securities laws and the similar laws of other foreign jurisdictions as may be applicable.

Outstanding Stock. All of the issued and outstanding shares of capital stock of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. As of January May 31, 20072010, there were 32,994,887 61,057,948 shares of $0.01 .01 par value common stock outstanding and approximately 70,000,000 Shares on a fully diluted basis219.3 shares of Series B Preferred Stock, stated value $10,000 per share, issued and outstanding. All outstanding shares of capital stock of the Company have been validly issued, fully paid and nonassessable and free and clear of all Liens. All outstanding shares of capital stock of the Company were issued, sold and delivered in full compliance with all applicable Federal and state securities laws and the similar laws of other foreign jurisdictions as may be applicable.

Outstanding Stock. All of the issued and outstanding shares of capital stock of the Company and each of its subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. As of January 31June 14, 20072005, there were 32,994,887 16,921,793 shares of $0.01 0.001 par value common stock outstanding and approximately 70,000,000 Shares on a fully diluted basisoutstanding. All outstanding shares of capital stock of the Company have been validly issued, fully paid and nonassessable and all shares of capital stock and other ownership interests issued by any Subsidiary have been validly issued, fully paid and nonassessable, and in each case, free and clear of all Liens. All outstanding shares of capital stock of the Company were issued, sold and delivered in full compliance with all applicable Federal and state securities laws and the similar laws of other foreign jurisdictions as may be applicable.