Common use of Authorization, Purchase and Sale Clause in Contracts

Authorization, Purchase and Sale. Authorization of the Class C Common Stock. The Company shall ----------------------------------------- authorize the issuance and sale to the Purchaser of an aggregate number of shares of its Class C Non-voting Common Stock, par value $0.001 per share (the "Class C Common Stock") to meet the calculation set forth in Section 1B below. -------------------- ---------- The Class C Common Stock is convertible into shares of the Company's Class A Common Stock on a one-for-one basis at the option of Purchaser at any time; provided that the Purchaser complies with the requirements of Section 5 hereof. ----------

Authorization, Purchase and Sale. Authorization of the Class C Common Stock. The Company shall ----------------------------------------- authorize the issuance and sale to the Purchaser of an aggregate number of 4,000,000 shares of its Class C Non-voting Common Stock, par value $0.001 per share (the "Class C Common Stock") to meet the calculation set forth in Section 1B below). -------------------- ---------- The Class C Common Stock is convertible into shares of -------------------- the Company's Class A Common Stock on a one-for-one basis at the option of Purchaser at any time; provided that the Purchaser complies with the requirements of Section 5 hereof. ----------.