REDEMPTION FEATURE Clause Samples

REDEMPTION FEATURE. The Series E Convertible Preferred Stock may be redeemed, at the option of the Company, at any time, PROVIDED the average closing bid price of the Company's Common Stock for the 20 trading days preceding the date of the Redemption Notice exceeds 200% of the Series E Conversion Price, and the Redemption Price per share shall be the sum of (i) $1,000.00, (ii) all accrued but unpaid dividends, and (iii) interest on such accrued but unpaid dividends at an annual rate of 14.0% (or, if less, the maximum rate allowable by law). The Series F Convertible Preferred Stock may be redeemed, at the option of the Company, at any time on or after June 30, 1998; PROVIDED the average closing bid price of the Company's Common Stock for the 20 trading days preceding the date of the Redemption Notice (which such 20-trading day period may include trading days that fall on or prior to June 30, 1998) exceeds 200% of the Series F Conversion Price, and the Redemption Price per share shall be the sum of (i) $1,000.00, (ii) all accrued but unpaid dividends, and (iii) interest on such accrued but unpaid dividends at an annual rate of 14.0% (or, if less, the maximum rate allowable by law). PROVIDED, that if the Company redeems any Series E Convertible Preferred Stock prior to the second anniversary of the Closing Date, the Company shall pay to the holder of such Series E Convertible Preferred Stock, in addition to the Redemption Price, a Redemption Premium per share equal to an annual rate of 12% of Stated Value computed from the Redemption Date to the second anniversary of the Closing Date. FURTHER PROVIDED, the Convertible Preferred Stock may be redeemed, at the option of the Company, at any time on or after August 31, 2002, and the Redemption Price per share shall be the sum of (i) $1,000.00, (ii) all accrued but unpaid dividends, and (iii) interest on such accrued but unpaid dividends at an annual rate of 14.0% (or, if less, the maximum rate allowable by law).

REDEMPTION FEATURE. At the option of the Holder, shares of KAB's Series A Stock may be redeemed, in whole or in part, at any time and from time to time after the date of issuance of the Shares of Series A Stock to be redeemed, upon the terms and conditions set forth as follows: 1.6.1 The redemption price per share shall be Ten Dollars ($10.00) per share, plus an amount equal to unpaid cumulative dividends accrued to date of redemption (whether or not declared), which shall be accrued at the dividend rate of 10% per annum and payable quarterly, pro rata to the date of redemption.