Common use of RIGHTS CERTIFICATE Clause in Contracts

RIGHTS CERTIFICATE. The Board of Directors has declared a dividend of one Right for each share of Common Stock of Copart, Inc. (the “Company”) outstanding. Prior to the Distribution Date referred to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. After the Distribution Date, the Company will mail Rights certificates to the Company’s shareholders and the Rights will become transferable apart from the Common Stock.

RIGHTS CERTIFICATE. The Board of Directors has declared a dividend of one Right for each share of Common Stock of CopartCommerce One, Inc. (the “"Company”") outstanding. Prior to the Distribution Date referred to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. After the Distribution Date, the Company will mail Rights certificates to the Company’s shareholders 's stockholders and the Rights will become transferable apart from the Common Stock.

RIGHTS CERTIFICATE. The Board of Directors has declared a dividend of one Right for each share of Common Stock of CopartAlign Technology, Inc. (the “Company”) outstanding. Prior to the Distribution Date referred to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. After the Distribution Date, the Company will mail Rights certificates to the Company’s shareholders stockholders and the Rights will become transferable apart from the Common Stock.