Common use of Class of Stock Clause in Contracts

Class of Stock. The subscriber is purchasing Preferred Convertible Shares of Centrex Inc. The 100,000 Shares issued above are the only issued and outstanding preferred shares of Centrex. These shares are to convert into 15% of Centrex Common Stock on a fully diluted basis as of January 1, 2004.

Class of Stock. The subscriber Subscriber is purchasing Preferred Convertible Shares of Centrex Inc. The 100,000 Shares issued above are the only issued and outstanding preferred shares of Centrex. These shares are to convert into 15% of Centrex Common Stock on a fully diluted basis as of January 1, 2004.