Common use of The Issuance Clause in Contracts

The Issuance. The Company intends to issue in a private placement 50,000 shares of its 10% Cumulative Perpetual Preferred Stock, Series G (the “Preferred Shares”) and a warrant to purchase 43,478,260 shares of its Voting Common Stock (the “Warrant” and, together with the Preferred Shares, the “Purchased Securities”) and the Investor intends to purchase from the Company the Purchased Securities.

The Issuance. The Company intends to issue in a private placement 50,000 shares of its 106% Cumulative Perpetual Preferred Stock, Series G T (the “Preferred Shares”) and a warrant to purchase 43,478,260 700,000,000 shares of its Voting Common Stock (the “Warrant” and, together with the Preferred Shares, the “Purchased Securities”) and the Investor intends to purchase from the Company the Purchased Securities.