Designation; Number of Shares. The series of shares of Preferred Stock hereby authorized shall be designated the “Series B Convertible Perpetual Preferred Stock” (“Series B Preferred Stock”). The number of authorized shares of the Series B Preferred Stock shall be [__________] shares. The Series B Preferred Stock shall have a par value of $0.01 per share. Each share of Series B Preferred Stock has the designations, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms or conditions of redemption as described herein. Each share of Series B Preferred Stock is identical in all respects to every other share of Series B Preferred Stock.
Designation; Number of Shares. The designation of said series of preferred stock shall be Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”). The number of shares of Series A Preferred Stock shall be up to 10,000,000 shares. Each share of Series A Preferred Stock shall have a stated value equal to $0.0725 (as adjusted for stock dividends, combinations or splits with respect to such shares)(the “Series A Stated Value).
Designation; Number of Shares. The class of shares of capital stock hereby authorized shall be designated as “Non-Voting Common Stock”. The number of authorized shares of the Non-Voting Common Stock shall be [_______] shares. The Non-Voting Common Stock shall have a par value of $0.01 per share. Each share of Non-Voting Common Stock has the designations, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms or conditions of redemption as described herein. Each share of Non-Voting Common Stock is identical in all respects to every other share of Non-Voting Common Stock.
Designation; Number of Shares. The designation of the preferred stock authorized by this resolution shall be "Series A Preferred Stock" and the number of shares of Series A Preferred Stock designated hereby shall be 1125 shares.
Designation; Number of Shares. There shall be created from the 1,000,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”), of the Corporation authorized to be issued pursuant to the Articles of Incorporation, a series of Preferred Stock designated as “Series B Participating Preferred Stock”, par value $0.01 per share (the “Series B Participating Preferred Stock”), and the number of shares constituting the Series B Participating Preferred Stock shall be 300,000. Such number of shares may be increased (but no such increase shall result in an increase of the number of shares of Series B Participating Preferred Stock outstanding to a number greater than 500,000) or decreased by resolution of the Board of Directors adopted and filed pursuant to Section 35 of the BCA, or any successor provision, and by the filing of a certificate of increase or decrease with the Registrar of Companies of the Mxxxxxxx Islands; provided that no such decrease shall reduce the number of shares of Series B Participating Preferred Stock to a number less than the number of shares then outstanding. Each share of Series B Participating Preferred Stock shall be identical in all respects to every other share of Series B Participating Preferred Stock. Shares of Series B Participating Preferred Stock that are redeemed, purchased or otherwise acquired by the Corporation, or exchanged into shares of Common Stock, shall be cancelled and shall revert to authorized but unissued shares of Preferred Stock.
Designation; Number of Shares. A series of preferred stock designated “Series C Convertible Perpetual preferred Stock,” having no par value per share (the “Series C Preferred Stock”), is hereby created. Each share of Series C Preferred Stock has the designations, preferences, limitations and relative, participating, optional or other special rights and privileges, and the qualifications, limitations and restrictions as described herein. The number of authorized shares of Series C Preferred Stock is 1,680,219. Each share of Series C Preferred Stock is identical in all respects to every other share of Series C Preferred Stock.
Designation; Number of Shares. The first series of Preferred Stock shall be -- ----------------------------- designated as 12% Series A Cumulative Convertible Preferred Stock ("Series A -------- Preferred Stock"), and the number of shares which shall constitute such series --------------- shall be 75,000; provided, however, that such shares shall be issued only in ----------------- connection with the transactions contemplated by the Securities Purchase Agreement, dated as of October 15, 1998 (the "Securities Purchase Agreement"), ----------------------------- among the Corporation and the Investors named therein, including upon conversion of any other series of preferred stock contemplated thereby. The par value of Series A Preferred Stock shall be $1.00 per share.
Designation; Number of Shares. The second series of Preferred Stock shall -- ----------------------------- be designated as 12% Series B Cumulative Convertible Preferred Stock ("Series B -------- Preferred Stock"), and the number of shares which shall constitute such series --------------- shall be 60,880. The par value of Series B Preferred Stock shall be $1.00 per share; provided, however, that such shares shall be issued only in connection -------- ------- with the transactions contemplated by the Securities Purchase Agreement, dated as of October 15, 1998, among the Corporation and the Investors named therein.
Designation; Number of Shares. The shares of such series shall be designated as "Series A Junior Participating Preferred Shares" ("Series A Junior Participating Preferred Shares"). The number of shares constituting the Series A Junior Participating Preferred Shares shall be 250,000.
Designation; Number of Shares. The designation of the preferred stock authorized by this resolution shall be “Series B Mandatorily Convertible Redeemable Participating Preferred Stock” and the number of shares of Series B Mandatorily Convertible Redeemable Participating Preferred Stock authorized hereby shall be 1,000,000 shares.
