Common use of Capitalization of the Target Clause in Contracts

Capitalization of the Target. The authorized capital stock of the Target consists of 7,500 shares of common stock, $1.00 par value (the “Target Common Stock”), of which 100 shares are issued and outstanding. All issued and outstanding shares of Target Common Stock are duly authorized, validly issued, fully paid and nonassessable, and are held of record by the persons set forth on Schedule 3.2. Except as set forth on Schedule 3.2, there are no outstanding options, warrants, rights, subscriptions, calls, contracts or other agreements to issue, purchase or acquire, or securities convertible into, shares of capital stock or other securities of any kind representing an ownership interest in the Target, and no stockholder of Target is a party to any proxy, voting trust or other agreements with respect to the voting of the Target Common Stock.

Capitalization of the Target. The authorized capital stock of the Target consists of 7,500 50,000,000 shares of common stock, $1.00 no par value (the “Target Common Stock”), of which 100 25,500,000 shares are issued and outstanding. All issued and outstanding shares of Target Common Stock are duly authorized, validly issued, fully paid and nonassessable, and are held of record by the persons set forth on Schedule 3.2. Except as set forth on Schedule 3.2, there are no outstanding options, warrants, rights, subscriptions, calls, contracts or other agreements to issue, purchase or acquire, or securities convertible into, shares of capital stock or other securities of any kind representing an ownership interest in the Target, and no stockholder of Target is a party to any proxy, voting trust or other agreements with respect to the voting of the Target Common Stock.

Capitalization of the Target. The authorized capital stock of the Target consists of 7,500 100,000,000 shares of common stock, $1.00 0.001 par value (the “Target Common Stock”), of which 100 58,539,998 shares are issued and outstanding. All issued and outstanding shares of Target Common Stock are duly authorized, validly issued, fully paid and nonassessable, and are held of record by the persons set forth on Schedule 3.2Selling Stockholders. Except as set forth on Schedule 3.2, there are no outstanding options, warrants, rights, subscriptions, calls, contracts or other agreements to issue, purchase or acquire, or securities convertible into, shares of capital stock or other securities of any kind representing an ownership interest in the Target, and no stockholder of Target Selling Stockholder is a party to any proxy, voting trust or other agreements with respect to the voting of the Target Common Stock.

Capitalization of the Target. The authorized capital stock of the Target consists of 7,500 50,000,000 shares of common stock, $1.00 no par value (the “"Target Common Stock”"), of which 100 19,633,332 shares are issued and outstanding. All issued and outstanding shares of Target Common Stock are duly authorized, validly issued, fully paid and nonassessable, and are held of record by the persons set forth on Schedule 3.2Selling Stockholders. Except as set forth on Schedule 3.2, there There are no outstanding options, warrants, rights, subscriptions, calls, contracts or other agreements to issue, purchase or acquire, or securities convertible into, shares of capital stock or other securities of any kind representing an ownership interest in the TargetTarget other than those set forth on Schedule 3.2, and no stockholder of Target Selling Stockholder is a party to any proxy, voting trust or other agreements with respect to the voting of the Target Common Stock.

Capitalization of the Target. The authorized capital stock of the Target consists of 7,500 1,000 shares of common stock, $1.00 no par value (the “Target Common Stock”), of which 100 90 shares are issued and outstanding. All issued and outstanding shares of Target Common Stock are duly authorized, validly issued, fully paid and nonassessable, and are held of record by the persons set forth on Schedule 3.2. Except as set forth on Schedule 3.2, there are no outstanding options, warrants, rights, subscriptions, calls, contracts or other agreements to issue, purchase or acquire, or securities convertible into, shares of capital stock or other securities of any kind representing an ownership interest in the Target, and no stockholder of Target is a party to any proxy, voting trust or other agreements with respect to the voting of the Target Common Stock.