Common use of Capitalization and Ownership Clause in Contracts

Capitalization and Ownership. The authorized capital stock of the Borrower consists of common stock without nominal or par value, of which 7,969,544 shares (referred to herein as the "Shares") were issued and outstanding as of November 12, 2001. All of the Shares have been validly issued and are fully paid and nonassessable. There are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2.

Capitalization and Ownership. The As of December 31, 2001, the authorized capital stock of the Borrower consists of 30,000,000 shares of common stock without nominal or par valueof which 20,730,604 shares were issued and outstanding, and 5,000,000 shares of preferred stock, of which 7,969,544 no shares (referred to herein as the "Shares") were issued and outstanding as of November 12, 2001outstanding. All of the Shares have capital stock of the Borrower has been validly issued and are is fully paid and nonassessable. There Except as set forth in Schedule 4.02, there are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2capital stock.

Capitalization and Ownership. The As of September 30, 1998, the authorized capital stock of the Borrower consists consisted of 15,000,000 shares of common stock without nominal or par valueof which 7,245,690 shares were issued and outstanding, and 3,000,000 shares of preferred stock, of which 7,969,544 no shares (referred to herein as the "Shares") were issued and outstanding as of November 12, 2001outstanding. All of the Shares have capital stock of the Borrower has been validly issued and are is fully paid and nonassessable. There Except as set forth in Schedule 4.02, there are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2capital stock.

Capitalization and Ownership. The As of September 30, 1998, the ---------------------------- authorized capital stock of the Borrower consists of 200,000,000 shares of common stock without nominal or par valueof which 49,041,861 shares were issued and outstanding, and 20,000,000 shares of preferred stock, of which 7,969,544 shares one (referred to herein as the "Shares"1) were share is issued and outstanding as of November 12, 2001outstanding. All of the Shares have capital stock of the Borrower has been validly issued and are is fully paid and nonassessablenon- assessable. There Except as set forth in Schedule 4.02, there are no options, warrants ------------- or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2capital stock.

Capitalization and Ownership. The authorized capital stock of the Borrower consists of 75,000,000 shares of common stock without nominal or par value, and 2,000,000 of preferred stock of which 7,969,544 17,815,164 shares (referred to herein as the "Shares") were of common stock and 37,500 shares of Preferred Stock are issued and outstanding and are owned as of November 12, 2001indicated on Schedule 5.1.2. All of the Shares outstanding shares have been validly issued and are fully paid and nonassessable. There are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE Schedule 5.1.2."

Capitalization and Ownership. The authorized capital stock of the Borrower consists of common stock without nominal or 20,000,000 shares of Common Stock, $1 par value, of which 7,969,544 8,104,714 shares (referred to herein as the "Shares") were are issued and outstanding as of November 12, 2001outstanding. All of the Shares have been validly issued and are fully paid and nonassessable. There are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE Schedule 5.1.2.

Capitalization and Ownership. The authorized capital stock of the Borrower consists of common stock without nominal or par value, of which 7,969,544 8,257,313 shares (referred to herein as the "“Shares"”) were issued and outstanding as of November 12June 30, 20012005. All of the Shares have been validly issued and are fully paid and nonassessable. There are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2Schedule 6.1.2.

Capitalization and Ownership. The authorized capital stock of the Borrower consists of 30,000,000 shares of common stock without nominal or par value, of which 7,969,544 6,990,151 shares as of August 8, 2000 (referred to herein as the "Shares") were are issued and outstanding as of November 12, 2001and are owned. All of the Shares have been validly issued and are fully paid and nonassessable. There are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2.Schedule 6.1.2. ---------------

Capitalization and Ownership. The As of August 31, 1997, the authorized capital stock ---------------------------- Capital Stock of the Borrower consists of 18,000,000 shares of common stock without nominal or par value, of which 7,969,544 8,632,272 shares (referred to herein as the "Shares") were issued and outstanding as and 2,000,000 shares of November 12, 2001preferred stock none of which was issued or outstanding. All of the Shares have Capital Stock of the Borrower has been validly issued and are is fully paid and nonassessable. There Except as set forth in Schedule 4.02, there are no options, ------------- warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2Capital Stock.

Capitalization and Ownership. The As of September 30, 1998, the authorized capital stock of the Borrower consists of 30,000,000 shares of common stock without nominal or par valueof which 20,521,302 shares were issued and outstanding, and 5,000,000 shares of preferred stock, of which 7,969,544 no shares (referred to herein as the "Shares") were issued and outstanding as of November 12, 2001outstanding. All of the Shares have capital stock of the Borrower has been validly issued and are is fully paid and nonassessable. There Except as set forth in Schedule 4.02, there are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2capital stock.

Capitalization and Ownership. The As of May 1, 1998, the authorized capital stock of the Borrower consists of 30,000,000 shares of common stock without nominal or par valueof which 20,410,752 shares were issued and outstanding, and 5,000,000 shares of preferred stock, of which 7,969,544 no shares (referred to herein as the "Shares") were issued and outstanding as of November 12, 2001outstanding. All of the Shares have capital stock of the Borrower has been validly issued and are is fully paid and nonassessable. There Except as set forth in Schedule 4.02, there are no options, warrants or other rights outstanding to purchase any such shares except as indicated on SCHEDULE 5.1.2capital stock.