Common use of Subscription Privileges Clause in Contracts

Subscription Privileges. The Company proposes to offer to sell the Shares ----------------------- on the basis of one Share for every _________ Rights granted and properly exercised (the "Basic Subscription Privilege"). In addition, all holders of Rights are entitled, subject to availability and proration as described in the Registration Statement , to purchase Shares not purchased by other stockholders under the Basic Subscription Privilege (the "Oversubscription Privilege"). The Company expects to mail the Subscription Warrants together with the prospectus (as defined below) and related instructions to the record holders of Shares as soon as practicable after the Registration Statement becomes effective (the "Time of Mailing"). The Rights will expire at 5:00 P.M., New York City time, on __________, 1999 (the "Expiration Date").

Subscription Privileges. The Company proposes to offer to sell the Shares ----------------------- on the basis of one Share for every _________ 3.4884 Rights granted and properly exercised (the "Basic Subscription Privilege"). In addition, all holders of Rights are entitled, subject to availability and proration as described in the Registration Statement Statement, to purchase Shares not purchased by other stockholders under the Basic Subscription Privilege (the "Oversubscription Privilege"). The Company expects to mail the Subscription Warrants together with the prospectus (as defined below) and related instructions to the record holders of Shares as soon as practicable after the Registration Statement becomes effective (the "Time of Mailing"). The Rights will expire at 5:00 P.M., New York City time, on __________June 3, 1999 (the "Expiration Date").