----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | A.     The      number of shares in said series is 100,000 shares of preferred stock, per      value $2.50 per share.                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   | B.     The      said series is designated Third Series Preferred Stock.                                                                                                                                                                                                                                                                                                                                                                                                |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   | C.     The      holders of said Third Series Preferred Stock shall be entitled to receive      cumulative dividends, as and when declared by the Board of Directors out      of the annual net profit of the Corporation, at the rate of 10% per annum      payable semi-annually on June 13th and December 15th of each year before      any dividends shall be declared or paid upon or set apart for the common      stock, or any other series of preferred stock. |   |

----

|   | D.     In      any year after said Third Series Preferred, and the Second Series      Preferred Stock and the First Series Preferred Stock which is issued and      outstanding has received its stipulated dividends and any arrearages      thereof - that may be due and unpaid, the directors may elect to make any      further distributions of dividends to holders of the shares of common      stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | E.     In      case of any liquidation, dissolution, or winding up of the affairs of the      corporation, whether voluntary or involuntary, and after payment of all of      the debts of the corporation, the assets shall be distributed among the      holders of any series of preferred stock in accordance with the      preferences and limitations of the series and the remainder among the      holders of the common stock, share and share alike, subject to the      limitation that, if the stated dividends and amounts payable on      liquidation are not paid in full, the shares of all series of the same      class shall share ratably in the payment of dividends including      accumulations, if any, in accordance with the sums which would be payable      on such shares if all dividends were declared and paid in full, and in any      distribution of assets other than by way of dividends in accordance with      the sums which would be payable on such distribution if all sums      payable were discharged in full. |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | F.     The      holders of Third Series Preferred Stock shall have voting power and shall      entitle such holders to cast a number of votes which is equal to the      number of such holder’s shares, shall have the right to participate      in any meeting of stockholders, shall be entitled to notice of any such      meeting, and shall be considered stockholders for the purpose of any      election, meeting, consent or waiver of notice, under the provisions      of any law now in force or which may hereafter be enacted. If there shall      be an increase in the common stock of the Corporation through stock split,      stock distribution, stock dividend or the like, appropriate      adjustment shall be made in the number of votes which the      holders of Third Series Preferred Stock shall be entitled to      cast.                                                                                                                                                                          |   |

----

|   | G.     Any      holder of Third Series Preferred Stock may at any time, subject as      hereinafter set forth-with respect to the redemption of such stock,      convert all or any of the shares of such stock held by such holder into      the shares of common stock of the Corporation as hereinafter specified, by      the surrender to the Corporation for cancellation of the certificate or      certificates representing the preferred stock so to be converted, and upon      such surrender shall be entitled to receive therefor one or more      certificates for the number of shares of common stock which on said      conversion, as hereinafter specified, the Corporation shall be required to      issue. The basis for said conversion shall be at the rate of six and four      tenths (6.4) shares of Third Series Preferred Stock for one (1) share of      common stock, without any adjustments for current dividends. If there      shall be any change in the stock of the Corporation through merger,      consolidation, reorganization, stock split, stock distribution, stock      dividend or other change in the corporate structure of the corporation,      appropriate adjustment shall be made in the basis for      conversion.                                                                                                                                                                                                                                                                                       |   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|   | H.     The      Corporation at its option may, pursuant to Sections 512 and 513 of the      Business Corporation Law, redeem the whole or any part of the Third Series      Preferred Stock outstanding at any time pro rata or by lot by paying      therefor in cash $16.00 plus an amount equal to the difference      between $16.00 and the market price of the number of shares of common      stock into which such number of preferred shares would have been      convertible pursuant to the provisions of paragraph (3)Ghereof, together with      any accumulated dividends due thereon on the date specified for redemption      thereof by mailing notices of such redemption to the holders of the Third      Series Preferred Stock to be redeemed. The notice of such redemption shall      be mailed not less than fifteen (15) days prior to the date upon which the      stock is to      be redeemed to each holder of stock to be redeemed, at such      holder’s address as it appears on the books of the Corporation. On and      after the date fixed for such redemption, the holders of shares so called for redemption      shall cease to be entitled to any further      dividends, and the respective holders thereof shall have no right or      interest thereon or therein, by reason of the ownership of such shares,      except to receive the      said redemption price, as a debt without interest, upon presentation and      surrender of their certificates therefor. |   |

----

|   |                           |
|--------|--------------------------------|
|   | /s/      Seymour Mann          |
|   | Seymour      Mann, President   |
|   |                           |
|   | /s/      Arnold Frankel        |
|   | Arnold      Frankel, Secretary |