Document:

Advance Formula Agreement

 Exhibit 10.29 
  

			
	

	 	Advance Formula Agreement

 As of December 29, 2006, this Advance Formula Agreement (as
amended, varied, supplemented, restated, renewed or replaced at any time and from time to time, this “Agreement”) is made by Manitex LiftKing, ULC, an Alberta corporation (“Debtor”) in favour of COMERICA BANK (“Bank”),
a Michigan banking corporation and authorized foreign bank under the Bank Act (Canada). 
 For and in consideration of the loans and other credit which
Debtor may now or hereafter obtain or request from Bank which are secured pursuant to a Security Agreement dated as of the date herewith, executed and delivered by Debtor to and in favour of Bank (as amended, varied, supplemented, restated, renewed
or replaced at any time and from time to time, the “Security Agreement”), and for other good and valuable consideration, Debtor agrees as follows: 
 1. FORMULA LOANS. The credit which Bank may now or hereafter extend to Debtor subject to the limitations of this Agreement and to the conditions and limitations of any other agreement between Debtor and Bank is
identified as follows: 
 CDN$3,500,000 line of credit 
 and any extensions, renewals or substitutions thereof, whether in a greater or lesser amount, including any letters of credit issued thereunder (“Formula Loans”). 
 2. ADVANCE FORMULA. Debtor warrants and agrees that Debtor’s indebtedness to Bank for the Formula Loans shall never exceed the sum of: 

 

	 	(a)	eighty percent (80%) of its Eligible Accounts (as hereinafter defined); plus 

  

	 	(b)	the lesser of (i) fifty percent (50%) of its Eligible Inventory (as hereinafter defined), or (ii) Two Million Five Hundred Thousand Canadian Dollars (CDN$2,500,000).

 in each case less customary exclusions and reserves (the “Advance Formula”). 
 3. FORMULA COMPLIANCE. If the limitations in paragraph 2, above, are exceeded at any time, Debtor shall immediately pay Bank sums sufficient to reduce
the Formula Loans by the amount of such excess. 
 4. ELIGIBLE ACCOUNT. “Eligible Account” shall mean an Account (as hereinafter
defined) arising in the ordinary course of Debtor’s business which meets each of the following requirements: 
  

	 	(a)	it is not owing more than ninety (90) days after the date of the original invoice or other writing evidencing such Account; 

	 	(b)	it is not owing by an Account Debtor (as hereinafter defined) who has failed to pay twenty-five percent (25%) or more of the aggregate amount of its Accounts owing to Debtor
within ninety (90) days after the date of the respective invoices or other writings evidencing such Accounts; 

  

	 	(c)	it arises from the sale or lease of goods and such goods have been shipped or delivered to the Account Debtor under such Account; or it arises from services rendered and such
services have been performed; 

  

	 	(d)	it is evidenced by an invoice, dated not later than the date of shipment or performance, rendered to such Account Debtor or some other evidence of billing acceptable to Bank;

  

	 	(e)	it is not evidenced by any note, trade acceptance, draft or other negotiable instrument or by any chattel paper, unless such note or other document or instrument previously has been
endorsed and delivered by Debtor to Bank; 

  

	 	(f)	it is a valid, legally enforceable obligation of the Account Debtor thereunder, and is not subject to any offset, counterclaim or other defense on the part of such Account Debtor or
to any claim on the part of such Account Debtor denying liability thereunder in whole or in part; 

  

	 	(g)	it is subject to a first priority, properly perfected security interest in favor of Bank, and it is not subject to any sale of accounts, any rights of offset, assignment, lien or
security interest whatsoever other than to Bank; 

  

	 	(h)	it is not owing by a subsidiary or affiliate of Debtor; 

  

	 	(i)	it is not owing by an Account Debtor which (i) does not maintain its chief executive office in the United States of America or Canada, (ii) is not organized under the laws
of the United States of America or Canada, or any state or province thereof, as applicable, or (iii) is the government of any foreign country or sovereign state, or of any state, province, municipality or other instrumentality or agency
thereof; 

  

	 	(j)	it is not an Account owing by the United States of America or Canada or any state, province or political subdivision thereof, or by any department, agency, public body corporate or
other instrumentality or agency of any of the foregoing, unless all necessary steps are taken to comply with the Federal Assignment of Claims Act of 1940, as amended, the Financial Administration Act (Canada), as amended or with any comparable state
or provincial law, as applicable, and all other necessary steps are taken to perfect Bank’s security interest in such Account; 

  

	 	(k)	 it is not owing by an Account Debtor for which Debtor has received a notice of (i) the death of the Account Debtor or any partner of the Account Debtor,
(ii) the dissolution, liquidation, termination of existence, insolvency or business failure of the Account Debtor, (iii) the appointment of a receiver for any part of the property 

  

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of the Account Debtor, or (iv) an assignment for the benefit of creditors, the filing of a petition in bankruptcy, or the commencement of any proceeding
under any bankruptcy or insolvency laws by or against the Account Debtor; 

  

	 	(l)	it is not an Account billed in advance, payable on delivery, for consigned goods, for guaranteed sales, for unbilled sales, for progress billings, payable at a future date in
accordance with its terms, subject to a retainage or holdback by the Account Debtor or insured by a surety company; and 

  

	 	(m)	it is not owing by any Account Debtor whose obligations Bank, acting in its sole discretion, shall have notified Debtor are not deemed to constitute Eligible Accounts.

 An Account which is at any time an Eligible Account, but which subsequently fails to meet any of the foregoing requirements, shall forthwith
cease to be an Eligible Account. 
 For purposes of this Agreement, an “Account” shall mean any right of Debtor to payment for goods sold or leased
or for services rendered, but shall not include interest or service charges; and “Account Debtor” shall mean the person who is obligated on or under an Account. 
 5. ELIGIBLE INVENTORY. Unless stated otherwise in paragraph 13 below, “Eligible Inventory” (a) shall be valued at the lesser of the cost or present market value of Debtor’s Inventory (as defined in
the Personal Property Security Act (Ontario), as amended and in effect from time to time) determined in accordance with generally accepted accounting principles, consistently applied (“GAAP”), and (b) shall mean all of Debtor’s
Inventory which is in good and merchantable condition, which is not obsolete or discontinued, which would be properly classified as “raw materials” or as “finished goods Inventory” under and in accordance with GAAP, and which is
subject to a first priority, properly perfected security interest in favor of Bank, but excluding (1) Debtor’s work-in-process Inventory, consigned goods, inventory located outside the United States of America or Canada, (2) Inventory
covered by or subject to a seller’s right to repurchase, or any consensual or nonconsensual lien or security interest (including, without limitation, purchase money security interests) other than in favor of Bank, whether senior or junior to
Bank’s security interest, (3) Inventory subject to creditors’ rights under Section 81.1 of the Bankruptcy and Insolvency Act (Canada), (4) Inventory stored, warehoused or located at a site for which Debtor has not provided
to Bank a landlord, bailee or mortgagee waiver or similar agreement in form and substance acceptable to Bank, and (5) Inventory that Bank, acting in its sole discretion, after having notified Debtor, excludes. Inventory which is at any time
Eligible Inventory, but which subsequently fails to meet any of the foregoing requirements, shall forthwith cease to be Eligible Inventory. 
 6. CERTIFICATES, SCHEDULES AND REPORTS. Debtor will, within ten (10) days after and as of the end of each month (and at such other times as Bank may request), deliver to Bank agings of the Accounts and a schedule identifying each
Eligible Account (not previously so identified) and reports as to the amount of Eligible Inventory. Debtor will from time to time deliver to Bank such additional schedules, certificates and reports 

  

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respecting all or any of the Collateral (as defined in the Security Agreement), the items or amounts received by Debtor in full or partial payment of any of
the Collateral, and any goods (the sale or lease of which by Debtor shall have given rise to any of the Collateral) possession of which has been obtained by Debtor, all and as to such extent as Bank may request. Any such schedule, certificate or
report shall be executed by a duly authorized officer of Debtor and shall be in such form and detail as Bank may specify. Any such schedule identifying any Eligible Account shall be accompanied (if Bank so requests) by a true and correct copy of the
invoice evidencing such Eligible Account and by evidence of shipment or performance. 
 7. INSPECTIONS; COMPLIANCE. Debtor shall permit Bank
and its designees from time to time to make such inspections and audits, and to obtain such confirmations or other information, with respect to any of the Collateral or any Account Debtor as Bank is entitled to make or obtain under the Security
Agreement, and shall reimburse Bank on demand for all costs and expenses incurred by Bank in connection with such inspections and audits. Debtor shall further comply with all of the other terms and conditions of the Security Agreement. 

8. DEFAULT. Any failure by Debtor to comply with this Agreement shall constitute a default under the Formula Loans and under the Security Agreement
and the Indebtedness, as defined therein. 
 9. AMENDMENTS; WAIVERS. This Agreement may be amended, modified or terminated only in writing
duly executed by Debtor and Bank. No delay by Bank in requiring Debtor’s compliance herewith shall constitute a waiver of such right. The rights granted to Bank hereunder are cumulative, and in addition to any other rights Bank may have by
agreement or under applicable law. This Agreement shall supersede and replace in their entirety any prior advance formula agreements in effect between Bank and Debtor. 
 10. DEMAND BASIS FORMULA LOANS. Notwithstanding anything to the contrary set forth in this Agreement, in the event that the Formula Loans are at any time on a demand basis, Debtor hereby acknowledges and agrees that
the formula set forth in paragraph 2 hereof is merely for advisory and guidance purposes and Bank shall not be obligated to make any loans or advances under the Formula Loans, and, notwithstanding the terms of paragraph 3 above, Bank may at any
time, at its option, demand payment of any or all of the Formula Loans, whereupon the same shall become due and payable. 
 11. DILUTION OF
ACCOUNTS. In the event that Bank, at any time in its sole discretion, determines that the dollar amount of Eligible Accounts collectable by Debtor is reduced or diluted as a result of discounts or rebates granted by Debtor to the respective Account
Debtor(s), returned or rejected Inventory or services, or such other reasons or factors as Bank deems applicable, Bank may, in its sole discretion, upon five (5) business days’ prior written notice to Debtor, reduce or otherwise modify the
percentage of Eligible Accounts included within the Advance Formula under paragraph 2(a) above and/or reduce the dollar amount of Debtor’s Eligible Accounts by an amount determined by Bank in its sole discretion. 
  

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 12. JURY WAIVER. DEBTOR AND BANK ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE,
BUT THAT IT MAY BE WAIVED. EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY AND VOLUNTARILY, AND FOR THEIR MUTUAL BENEFIT WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION
REGARDING THE PERFORMANCE OR ENFORCEMENT OF, OR IN ANY WAY RELATED TO, THIS AGREEMENT OR THE INDEBTEDNESS. 
 13. GOVERNING LAW.
This Agreement shall be construed in accordance with and governed by the laws of the Province of Ontario and of Canada applicable therein and the parties attorn to the non-exclusive jurisdiction of the courts of the Province of Ontario. 

14. COUNTERPARTS. This Agreement may be signed in as many counterparts as may be necessary and delivered by facsimile, each of which shall be
deemed to be an original and such counterparts together shall constitute one and the same document. 
 IN WITNESS WHEREOF, this
Agreement has been duly executed as of the day and year first above written. 
  

									
		  		  	DEBTOR:
	Debtor’s Chief Executive Office Address:	  		  	
			
		  		  	MANITEX LIFTKING, ULC
				
	  	  		  	By:	  	/s/ Michael Azar
		  		  		  	SIGNATURE OF
	  	  		  		  	Its:	  	  
	  	  		  		  		  	TITLE
				
		  		  	By:	  	  
		  		  		  	SIGNATURE OF
		  		  		  	Its:	  	  
		  		  		  		  	TITLE

  

							
	 Accepted and Approved:
	  		  	
			
	COMERICA BANK, CANADA BRANCH	  		  	
				
	 By:
	  	  	  		  	
		  	SIGNATURE OF	  		  	
				
	 Its:
	  	  	  		  	
		  	TITLE	  		  	

  

 5Certificate of Designations

 Exhibit 4.1 
 CERTIFICATE OF DESIGNATIONS, PREFERENCES, 
 AND RELATIVE RIGHTS AND LIMITATIONS 
 OF 
 SERIES E PERPETUAL
CUMULATIVE CONVERTIBLE PREFERRED STOCK 
 OF 
 CONTANGO OIL & GAS COMPANY 
  

 It is hereby certified that: 
 1. The name of
the corporation (hereinafter called the “Corporation”) is Contango Oil & Gas Company. 
 2. The Certificate of
Incorporation of the Corporation authorizes the issuance of preferred stock of the Corporation in series and expressly vests in the Board of Directors of the Corporation the authority provided therein to determine the rights, preferences, privileges
of preferred stock and to fix the number of shares and designation of such series. 
 3 . On May 10, 2007, the Board of Directors of the
Corporation adopted the following resolutions authorizing the creation and issuance of up to 10,000 shares of a series of preferred stock designated as “Series E Perpetual Cumulative Convertible Preferred Stock” having the
designations, preferences and relative and other special rights, qualifications, limitations and restrictions set forth on Exhibit A hereto: 
 RESOLVED, that there is hereby created and the Corporation be, and it hereby is, authorized to issue up to 10,000 shares of Series E Perpetual Cumulative Convertible Preferred Stock having the designations,
preferences and relative and other special rights, qualifications, limitations and restrictions as to be set forth in the Certificate of Designation. 
 RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series E Perpetual Cumulative Convertible Preferred Stock, and fixing the number, preferences and relative,
and other special rights, qualifications, limitations and restrictions thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation pursuant to the provisions
of Sections 104 and 151 of the Delaware General Corporation Law. 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate on May 11, 2007. 
  

	
	 /s/ Kenneth R. Peak

	 Kenneth R. Peak, Secretary

 EXHIBIT A 
 CERTIFICATE OF DESIGNATIONS, PREFERENCES AND 
 RELATIVE RIGHTS AND LIMITATIONS OF THE

 SERIES E PERPETUAL CUMULATIVE CONVERTIBLE PREFERRED STOCK 
 OF CONTANGO OIL & GAS COMPANY (THE “CORPORATION”) 
  

	1.	Designation and Amount; Ranking. 

 (a) There shall
be created from the 5,000,000 shares of preferred stock, par value $0.04 per share, of the Corporation authorized to be issued pursuant to the Certificate of Incorporation, a series of preferred stock, designated as the “Series E Perpetual
Cumulative Convertible Preferred Stock” par value $0.04 per share (the “Series E Preferred Stock”), and the number of shares of such series shall be 10,000. Such number of shares may be decreased by resolution of the Board of
Directors; provided that no decrease shall reduce the number of shares of Series E Preferred Stock to a number less than that of the shares of Series E Preferred Stock then outstanding plus the number of shares issuable in accordance with
the provisions of Section 3(a) below. Except for shares of Series E Preferred Stock issuable in accordance with Section 3(a), the Corporation shall not issue any shares of Series E Preferred Stock after the initial issuance of
Series E Preferred Stock. 
 (b) The Series E Preferred Stock will, with respect to dividend rights, redemption rights or rights
upon the liquidation, winding-up or dissolution of the Corporation or otherwise rank (i) senior to all Junior Stock, (ii) on a parity with all Parity Stock and (iii) junior to all Senior Stock. 
  

	2.	Definitions. As used herein, the following terms shall have the following meanings: 

 (a) “Accrued Dividends” shall mean, with respect to any share of Series E Preferred Stock, as of any date, the accrued and unpaid dividends
on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date. 
 (b) “Accumulated Dividends” shall mean, with respect to any share of Series E Preferred Stock, as of any date, the aggregate accumulated
and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Series E Preferred Stock prior to the first
Dividend Payment Date. 
 (c) “AMEX” shall mean the American Stock Exchange. 
 (d) “Board of Directors” shall mean the Board of Directors of the Corporation or, with respect to any action to be taken by the Board of
Directors, any committee of the Board of Directors duly authorized to take such action. 

 (e) “Business Day” shall mean any day other than a Saturday, Sunday or other day on which
commercial banks in Houston, Texas are authorized or required by law or executive order to close. 
 (f) “Cash Dividend Rate” shall
have the meaning set forth in Section 3(a). 
 (g) “Certificate of Incorporation” shall mean the Certificate of Incorporation
of the Corporation, as amended from time to time. 
 (h) “Common Stock” shall mean the common stock, par value $0.04 per share, of
the Corporation, or any other class of stock resulting from successive changes or reclassifications of such common stock consisting solely of changes in par value, or from par value to no par value, or as a result of a subdivision, combination, or
merger, consolidation or similar transaction in which the Corporation is a constituent corporation. 
 (i) “Corporation” shall have
the meaning set forth in the introduction. 
 (j) “Conversion Price” shall mean $38.00, subject to adjustment as set forth in
Section 6(c). 
 (k) “Conversion Ratio” shall mean the quotient of the Liquidation Preference divided by the Conversion Price
in effect at the time of determination. 
 (l) “Conversion Shares” shall have the meaning set forth in Section 6(c)(ii).

 (m) “Dividend Payment Date” shall mean March 31, June 30, September 30 and December 31 of each
year, commencing June 30, 2007. 
 (n) “Dividend Rate” shall have the meaning set forth in Section 3(a). 
 (o) “Dividend Record Date” shall mean a date fixed by the Board of Directors, or a duly authorized committee thereof, for determining the
Holders who are entitled to receive dividends on a Dividend Payment Date. The Dividend Record Date for a Dividend Payment Date shall be a date not less than 15 days nor more than 45 days prior to the Dividend Payment Date. 
 (p) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 (q) “Holder” or “holder” shall mean a holder of record of the Series E Preferred Stock. 
 (r) “Issue Date” shall mean the original date of issuance of the Series E Preferred Stock. 
 (s) “Junior Stock” shall mean the Common Stock and each other class of capital stock or series of preferred stock established after the Issue
Date, by the Board of Directors, the terms of which do not expressly provide that such class or series ranks senior to or on a parity 

  

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with the Series E Preferred Stock as to dividend rights, redemption rights or rights upon the liquidation, winding-up or dissolution of the Corporation
or otherwise. 
 (t) “Liquidation Preference” shall mean, with respect to each share of Series E Preferred Stock, $5,000 (as
adjusted for stock splits, reverse stock splits, subdivisions, combinations, and the like of Series E Preferred Stock). 
 (u)
“Mandatory Conversion Date” shall have the meaning set forth in Section 7(b). 
 (v) “Market Value” shall mean the
average closing price of the Common Stock for a five consecutive trading day period on the AMEX (or such other national securities exchange or automated quotation system on which the Common Stock is then listed or authorized for quotation) or,
if the Common Stock is not so listed or authorized for quotation, an amount determined in good faith by the Board of Directors to be the fair value of the Common Stock. 
 (w) “Officer” means the Chairman of the Board of Directors, the President, any Vice President, the Treasurer, the Secretary or any Assistant Secretary of the Corporation. 
 (x) “Parity Stock” shall mean each class of capital stock or series of preferred stock established after the Issue Date by the Board of
Directors, the terms of which expressly provide that such class or series will rank on a parity with the Series E Preferred Stock as to dividend rights, redemption rights or rights upon the liquidation, winding-up or dissolution of the
Corporation or otherwise. 
 (y) “Person” shall mean any individual, corporation, general partnership, limited partnership, limited
liability partnership, joint venture, association, joint-stock company, trust, limited liability company, unincorporated organization or government or any agency or political subdivision thereof. 
 (z) “PIK Dividend Rate” shall have the meaning set forth in Section 3(a). 
 (aa) “SEC” or “Commission” shall mean the Securities and Exchange Commission. 
 (bb) “Securities Act” means the Securities Act of 1933, as amended. 
 (cc) “Senior Stock” shall mean up to $10,000,000 aggregate purchase price of any series of preferred stock established after the Issue Date by
the Board of Directors, the terms of which expressly provide that such series will rank senior to the Series E Preferred Stock as to dividend rights, redemption rights or rights upon the liquidation, winding-up or dissolution of the Corporation
or otherwise. 
 (dd) “Series E Preferred Stock” shall have the meaning set forth in Section 1(a). 
 (ee) “Transaction” shall have the meaning set forth in Section 6(g). 
 (ff) “Voting Stock” shall mean, with respect to any Person, securities of any class or classes of Capital Stock in such Person entitling the
holders thereof (whether at all times or only so long as no senior class of stock has voting power by reason of contingency) to vote in the 

  

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election of members of the Board of Directors or other governing body of such Person. For purposes of this definition, “Capital Stock” shall mean,
with respect to any Person, any and all shares, interests, participations or other equivalents (however designated) of corporate stock or partnership interests and any and all warrants, options and rights with respect thereto (whether or not
currently exercisable), including each class of common stock and preferred stock of such Person. 
  

	3.	Dividends. 

 (a) The holders of shares of the
outstanding Series E Preferred Stock shall be entitled, when, as and if declared by the Board of Directors out of funds of the Corporation legally available therefor, to receive cumulative dividends at the rate per annum of (i) 6% per
share on the Liquidation Preference if paid in cash (the “Cash Dividend Rate”) or, (ii) 7.5% per share on the Liquidation Preference if paid in shares of Series E Preferred Stock (the “PIK Dividend Rate”) (the
applicable dividend rate being hereafter referred to as the “Dividend Rate”). Dividends payable for each full dividend period will be computed by dividing the Dividend Rate by four and shall be payable in arrears on each Dividend Payment
Date (commencing June 30, 2007) for the quarterly period ending immediately prior to such Dividend Payment Date, to the holders of record of Series E Preferred Stock at the close of business on the Dividend Record Date applicable to such
Dividend Payment Date. Such dividends shall be cumulative from the most recent date as to which dividends shall have been paid or, if no dividends have been paid, from the Issue Date (whether or not in any dividend period or periods there shall be
funds of the Corporation legally available for the payment of such dividends) and shall accrue on a day-to-day basis, whether or not earned or declared, from and after the Issue Date. Dividends payable for any partial dividend period shall be
computed on the basis of actual days elapsed in the period and a 360-day year consisting of twelve 30-day months. Accumulations of dividends on shares of Series E Preferred Stock shall not bear interest. 
 If, on any Dividend Payment Date, the holders of the Series E Preferred Stock shall not have received the full dividends provided for in this
Section 3(a) in cash or in kind, then such dividends shall cumulate, whether or not earned or declared, with additional dividends thereon, at the PIK Dividend Rate applicable to the Series E Preferred Stock as provided in this
Section 3(a), for each succeeding full quarterly dividend period during which such dividends shall remain unpaid. 
 (b) When dividends
are not paid in full on the Series E Preferred Stock and any Parity Stock, all dividends declared on the Series E Preferred Stock and any Parity Stock shall be declared pro rata so that the amount of dividends declared per share on the
Series E Preferred Stock and such Parity Stock shall in all cases bear to each other the same ratio that the accumulated and unpaid dividends per share on the Series E Preferred Stock and such Parity Stock bear to each other. Except as set
forth in the preceding sentence, unless full dividends on the Series E Preferred Stock have been paid for all past dividend periods, no dividends (other than in Common Stock or other shares of Junior Stock) shall be declared or paid or set
aside for payment, nor shall any other distribution be made, on the Common Stock, any other Junior Stock or any Parity Stock. 
  

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 (c) Unless full dividends on the Series E Preferred Stock have been paid, or declared and a sum
sufficient for payment thereof set apart for such payment, for all past dividend periods, the Corporation may not redeem, repurchase or otherwise acquire for any consideration (nor may the Corporation pay or make available any moneys for a sinking
fund for the redemption of) any shares of Common Stock, any Junior Stock or any Parity Stock except by conversion into or exchange for shares of Junior Stock. 
 (d) Holders shall not be entitled to any dividends on the Series E Preferred Stock, whether payable in cash, property or stock, in excess of full cumulative dividends. 
 (e) The Board of Directors may declare dividends payable in shares of Series E Preferred Stock in lieu of cash dividends on a Dividend Payment Date.
In the event the Board of Directors elects to declare a dividend payable in shares of Series E Preferred Stock, each holder of shares of Series E Preferred Stock shall be entitled to receive such additional shares of Series E
Preferred Stock (or cash in lieu of a fraction thereof) equal to the product of (x) the number of shares of Series E Preferred Stock held by such holder multiplied by (y) the PIK Dividend Rate. 
 (f) The Holders at the close of business on a Dividend Record Date will be entitled to receive the dividend payment on those shares on the corresponding
Dividend Payment Date notwithstanding the subsequent conversion thereof or the Corporation’s default in payment of the dividend due on that Dividend Payment Date. However, shares of Series E Preferred Stock surrendered for conversion
pursuant to Section 6 during the period between the close of business on any Dividend Record Date and the close of business on the day immediately preceding the applicable Dividend Payment Date must be accompanied by payment of an amount equal
to the dividend payable on the shares on that Dividend Payment Date. A Holder on a Dividend Record Date who (or whose transferee) tenders any shares for conversion on the corresponding Dividend Payment Date will receive the dividend payable by the
Corporation on the Series E Preferred Stock on that date, and the converting holder need not include payment in the amount of such dividend upon surrender of shares of Series E Preferred Stock for conversion. The Corporation shall make no
payment or allowance for unpaid dividends, whether or not in arrears, on converted shares or for dividends on the shares of Common Stock issued upon conversion, except as provided above with respect to a voluntary conversion pursuant to
Section 6, and except that a Holder shall always be entitled to receive any Accumulated Dividends with respect to a voluntary conversion pursuant to Section 6. 
  

	4.	Voting Rights. 

 (a) The shares of Series E
Preferred Stock shall have no voting rights except as set forth below or as otherwise required by Delaware law from time to time: 
  

	 	(i)	 So long as any shares of Series E Preferred Stock remain outstanding, unless a greater percentage shall then be required by law, the affirmative vote or
consent of the holders of at least a majority of the outstanding shares of the Series E Preferred Stock, voting as a single class, shall be required to (A) amend, alter or repeal, in any manner whatsoever, the designations, powers,
preferences, relative, participating, optional or other 

  

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special rights, qualifications, limitations and restrictions of the Series E Preferred Stock, or (B) amend or repeal any provision of or add any
provision to, the Certificate of Incorporation if that action would adversely alter or change the rights, preferences or privileges of the Series E Preferred Stock. In exercising the voting rights set forth in this Section 4(a)(i), each
share of Series E Preferred Stock shall be entitled to one vote. 

  

	 	(ii)	Holders shall be entitled to vote, together with the holders of Common Stock, as one class on all matters submitted to a vote of stockholders of the Corporation, in the same manner
and with the same effect as the holders of Common Stock. In any such vote, each share of Series E Preferred Stock shall entitle the holder thereof to one vote per share for each share of Common Stock (including fractional shares) into which
each share of Series E Preferred Stock is then convertible, rounded to the nearest one-tenth of a share. 

 (b) The
Corporation may authorize, increase the authorized amount of, or issue any shares of Parity Stock or Junior Stock, without the consent of the holders of Series E Preferred Stock, and in taking such actions the Corporation shall not be deemed to
have affected adversely the rights, preferences, privileges or voting rights of Holders. 
  

	5.	Liquidation Preference. 

 (a) In the event of any
liquidation, winding-up or dissolution of the Corporation, whether voluntary or involuntary, each Holder shall be entitled to receive and to be paid out of the assets of the Corporation available for distribution to its stockholders the Liquidation
Preference plus Accumulated Dividends and Accrued Dividends thereon in preference to the holders of, and before any payment or distribution is made on, any Junior Stock, including, without limitation, on any Common Stock. 
 (b) Neither the sale, conveyance, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all the
assets or business of the Corporation (other than in connection with the liquidation, winding-up or dissolution of its business) nor the merger or consolidation of the Corporation into or with any other Person shall be deemed to be a liquidation,
winding-up or dissolution, voluntary or involuntary, for the purposes of this Section 5. 
 (c) After the payment to the Holders of full
preferential amounts provided for in this Section 5, the Holders as such shall have no right or claim to any of the remaining assets of the Corporation. 
 (d) In the event the assets of the Corporation available for distribution to the Holders upon any liquidation, winding-up or dissolution of the Corporation, whether voluntary or involuntary, shall be insufficient to
pay in full all amounts to which such holders are entitled pursuant to Section 5(a), no such distribution shall be made on account of any shares of Parity Stock upon such liquidation, winding-up or dissolution unless proportionate distributable

  

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amounts shall be paid on account of the shares of Series E Preferred Stock, ratably, in proportion to the full distributable amounts for which holders
of all Series E Preferred Stock and of any Parity Stock are entitled upon such liquidation, winding-up or dissolution. 
 (e) Upon any
voluntary or involuntary liquidation, winding-up or dissolution of the Corporation, Holders will not be entitled to receive any liquidating distributions until all amounts payable upon any such event to holders of outstanding shares of any series of
Senior Stock have been paid in full. 
  

	6.	Conversion Rights. 

 (a) Each Holder shall have the
right, at its option, exercisable at any time and from time to time from the Issue Date to convert, subject to the terms and provisions of this Section 6, any or all of such Holder’s shares of Series E Preferred Stock. In such case,
the shares of Series E Preferred Stock shall be converted into such whole number of fully paid and nonassessable shares of Common Stock as is equal, subject to Section 6(g), to the product of the number of shares of Series E Preferred
Stock being so converted multiplied by the Conversion Ratio then in effect. The conversion right of a Holder shall be exercised by the Holder by the surrender to the Corporation of the certificates representing shares to be converted at any time
during usual business hours at its principal place of business, accompanied by duly executed written notice to the Corporation in that the Holder elects to convert all or a portion of the shares of Series E Preferred Stock represented by such
certificate and specifying the name or names (with address) in which a certificate or certificates for shares of Common Stock are to be issued and (if so required by the Corporation) by a written instrument or instruments of transfer in form
reasonably satisfactory to the Corporation duly executed by the Holder or its duly authorized legal representative and transfer tax stamps or funds therefor, if required pursuant to Section 6(i). Immediately prior to the close of business on
the date of receipt by the Corporation of notice of conversion of shares of Series E Preferred Stock, each converting Holder shall be deemed to be the Holder of record of Common Stock issuable upon conversion of such Holder’s Series E
Preferred Stock notwithstanding that the share register of the Corporation shall then be closed or that certificates representing such Common Stock shall not then be actually delivered to such Holder. Upon notice from the Corporation, each Holder of
Series E Preferred Stock so converted shall promptly surrender to the Corporation certificates representing the shares so converted, duly endorsed in blank or accompanied by proper instruments of transfer. On the date of any conversion, all
rights with respect to the shares of Series E Preferred Stock so converted, including the rights, if any, to receive notices, will terminate, except only the rights of Holders thereof to (i) receive dividends on the shares of Series E
Preferred Stock so converted in accordance with Section 3(e); (ii) receive certificates for the number of whole shares of Common Stock into which such shares of Series E Preferred Stock have been converted and cash, in lieu of any
fractional shares as provided in Section 6(f); and (iii) exercise the rights to which they are entitled as holders of Common Stock. 
 (b) If the last day for the exercise of the conversion right shall not be a Business Day, then such conversion right may be exercised on the next preceding Business Day. 
 (c) The Conversion Price shall be subject to adjustment as follows: 
  

 7 

	 	(i)	In case the Corporation shall at any time or from time to time (A) pay a dividend (or other distribution) on the Common Stock payable in shares of Common Stock (other than the
issuance of shares of Common Stock in connection with the conversion of the Series E Preferred Stock or any other series of preferred stock of the Corporation that is convertible into Common Stock); (B) subdivide or split the outstanding
shares of Common Stock into a larger number of shares; (C) combine the outstanding shares of Common Stock into a smaller number of shares; or (D) issue any shares of its capital stock in a reclassification of the Common Stock, then, and in
each such case, the Conversion Price in effect immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Corporation) so that the Holder of any share of Series E Preferred Stock thereafter
surrendered for conversion shall be entitled to receive the number of shares of Common Stock that such Holder would have owned or would have been entitled to receive upon or by reason of any of the events described above, had such share of
Series E Preferred Stock been converted into shares of Common Stock immediately prior to the occurrence of such event. An adjustment made pursuant to this Section 6(c)(i) shall become effective retroactively (x) in the case of any
such dividend or distribution, to the day immediately following the close of business on the record date for the determination of holders of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such
subdivision, split, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective. 

  

	 	(ii)	 In case the Corporation shall at any time or from time to time issue to all holders of its Common Stock rights, options or warrants entitling the holders thereof to
subscribe for or purchase shares of Common Stock (or securities convertible into or exchangeable for shares of Common Stock) at a price per share less than the Market Value for the period ending on the date of issuance (treating the price per share
of any security convertible, or exchangeable or exercisable into Common Stock as equal to (A) the sum of the price paid to acquire such security convertible, exchangeable or exercisable into Common Stock plus any additional consideration
payable (without regard to any anti-dilution adjustments) upon the conversion, exchange or exercise of such security into Common Stock divided by (B) the number of shares of Common Stock into which such convertible, exchangeable or exercisable
security is initially convertible, exchangeable or exercisable), other than (I) issuances of such rights, options or warrants if the Holder would be entitled to receive such rights, options or warrants upon conversion at any time of shares of
Series E Preferred Stock into Common Stock and (II) issuances that are subject to certain triggering events (until such time as such triggering events occur), then, and in each such case, the Conversion Price then in effect shall be
adjusted by dividing the Conversion Price in effect on the day immediately prior to the record date of such issuance by a fraction (y) the numerator of which shall be the sum of the number of shares of Common Stock outstanding on such record

  

 8 

	 	 
date plus the number of additional shares of Common Stock issued or to be issued upon or as a result of the issuance of such rights, options or warrants (or
the maximum number into or for which such convertible or exchangeable securities initially may convert or exchange or for which such options, warrants or other rights initially may be exercised) and (z) the denominator of which shall be
the sum of the number of shares of Common Stock outstanding on such record date plus the number of shares of Common Stock which the aggregate consideration for the total number of such additional shares of Common Stock so issued (or into or for
which such convertible or exchangeable securities may convert or exchange or for which such options, warrants or other rights may be exercised plus the aggregate amount of any additional consideration initially payable upon the conversion, exchange
or exercise of such security) would purchase at the Market Value for the period ending on the date of conversion; provided, that if the Corporation distributes rights or warrants (other than those referred to above in this paragraph (c)(ii))
pro rata to the holders of Common Stock, so long as such rights or warrants have not expired or been redeemed by the Corporation, (y) the holder of any Series E Preferred Stock surrendered for conversion shall be entitled to receive upon
such conversion, in addition to the shares of Common Stock then issuable upon such conversion (the “Conversion Shares”), a number of rights or warrants to be determined as follows: (i) if such conversion occurs on or prior to the date
for the distribution to the holders of rights or warrants of separate certificates evidencing such rights or warrants (the “Distribution Date”), the same number of rights or warrants to which a holder of a number of shares of Common Stock
equal to the number of Conversion Shares is entitled at the time of such conversion in accordance with the terms and provisions applicable to the rights or warrants, and (ii) if such conversion occurs after the Distribution Date, the same
number of rights or warrants to which a holder of the number of shares of Common Stock into which such Series E Preferred Stock was convertible immediately prior to such Distribution Date would have been entitled on such Distribution Date had
such Series E Preferred Stock been converted immediately prior to such Distribution Date in accordance with the terms and provisions applicable to the rights and warrants, and (z) the Conversion Price shall not be subject to adjustment on
account of any declaration, distribution or exercise of such rights or warrants. 

  

	 	(iii)	 In case the Corporation shall at any time or from time to time (A) make a pro rata distribution to all holders of shares of its Common Stock consisting
exclusively of cash (excluding any cash distributed upon a merger or consolidation to which paragraph (g) below applies), that, when combined together with (x) all other such all-cash distributions made within the then-preceding 12 months
in respect of which no adjustment has been made and (y) any cash and the fair market value of other consideration paid or payable in respect of any tender offer by the Corporation or any of its subsidiaries for shares of Common Stock 

  

 9 

	 	 
concluded within the then-preceding 12 months in respect of which no adjustment pursuant to this Section 6(c) has been made, in the aggregate exceeds
10% of the Corporation’s market capitalization (defined as the product of the Market Value for the period ending on the record date of such distribution times the number of shares of Common Stock outstanding on such record date) on the record
date of such distribution; (B) complete a tender or exchange offer by the Corporation or any of its subsidiaries for shares of Common Stock that involves an aggregate consideration that, together with (I) any cash and other consideration
payable in a tender or exchange offer by the Corporation or any of its subsidiaries for shares of Common Stock expiring within the then-preceding 12 months in respect of which no adjustment pursuant to this Section 6(c) has been made and
(II) the aggregate amount of any such all-cash distributions referred to in clause (A) above to all holders of shares of Common Stock within the then-preceding 12 months in respect of which no adjustments have been made, exceeds 10% of the
Corporation’s market capitalization on the expiration of such tender offer; or (C) make a distribution to all holders of its Common Stock consisting of evidences of indebtedness, shares of its capital stock other than Common Stock or
assets (including securities, but excluding those dividends, rights, options, warrants and distributions referred to in paragraph (c)(i) or (c)(ii) above or clause (A) of this paragraph (c)(iii)), then, and in each such case, the
Conversion Price then in effect shall be adjusted by dividing the Conversion Price in effect immediately prior to the date of such distribution or completion of such tender or exchange offer, as the case may be, by a fraction (x) the numerator
of which shall be the Market Value for the period ending on the record date referred to below, or, if such adjustment is made upon the completion of a tender or exchange offer, on the payment date for such offer, and (y) the denominator of
which shall be such Market Value less the then fair market value (as determined by the Board of Directors of the Corporation) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or paid in such tender or
exchange offer, applicable to one share of Common Stock (but such denominator shall not be less than one); provided, however, that no adjustment shall be made with respect to any distribution of rights to purchase securities of the Corporation if
the Holder would otherwise be entitled to receive such rights upon conversion at any time of shares of Series E Preferred Stock into shares of Common Stock unless such rights are subsequently redeemed by the Corporation, in which case such
redemption shall be treated for purposes of this Section 6(c)(iii) as a dividend on the Common Stock. Such adjustment shall be made whenever any such distribution is made or tender or exchange offer is completed, as the case may be, and shall
become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution. 

  

 10 

	 	(iv)	Notwithstanding anything herein to the contrary, no adjustment under this Section 6(c) need be made to the Conversion Price unless such adjustment would require an increase or
decrease of at least 1% of the Conversion Price then in effect. Any lesser adjustment shall be carried forward and shall be made at the time of and together with the next subsequent adjustment, if any, which, together with any adjustment or
adjustments so carried forward, shall amount to an increase or decrease of at least 1% of such Conversion Price. 

 (d) If the
Corporation shall take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend or other distribution, and shall thereafter (and before the dividend or distribution has been paid or delivered to
stockholders) legally abandon its plan to pay or deliver such dividend or distribution, then thereafter no adjustment in the Conversion Price then in effect shall be required by reason of the taking of such record. 
 (e) Upon any increase or decrease in the Conversion Price, then, and in each such case, the Corporation promptly shall deliver to each Holder a
certificate signed by an authorized officer of the Corporation, setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the increased or decreased Conversion Price
then in effect following such adjustment. 
 (f) No fractional shares or securities representing fractional shares of Common Stock shall be
issued upon the conversion of any shares of Series E Preferred Stock, whether voluntary or mandatory. If more than one share of Series E Preferred Stock shall be surrendered for conversion at one time by the same holder, the number of full
shares of Common Stock issuable upon conversion thereof shall be computed on the basis of the aggregate Liquidation Preference of the shares of Series E Preferred Stock so surrendered. If the conversion of any share or shares of Series E
Preferred Stock results in a fraction, an amount equal to such fraction multiplied by the last reported sale price of the Common Stock on the AMEX (or on such other national securities exchange or automated quotation system on which the Common Stock
is then listed for trading or authorized for quotation) or, if the Common Stock is not then so listed or authorized for quotation, an amount determined in good faith by the Board of Directors to be the fair value of the Common Stock at the close of
business on the trading day next preceding the day of conversion shall be paid to such holder in cash by the Corporation. 
 (g) In the event
of any reclassification of outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value), or in the event of any consolidation or merger of the Corporation with or into
another Person or any merger of another Person with or into the Corporation (other than a consolidation or merger in which the Corporation is the resulting or surviving Person and which does not result in any reclassification or change of
outstanding Common Stock), or in the event of any sale or other disposition to another Person of all or substantially all of the assets of the Corporation (computed on a consolidated basis) (any of the foregoing, a “Transaction”), each
share of Series E Preferred Stock then outstanding shall, without the consent of any Holder, become convertible at any time, at the option of the Holder thereof, only into the kind and amount of securities (of the Corporation or another
issuer), cash and other property receivable upon such Transaction by a holder of the number of shares of Common Stock into which such share of Series E Preferred 

  

 11 

 
Stock could have been converted immediately prior to such Transaction, after giving effect to any adjustment event. The provisions of this Section 6(g)
and any equivalent thereof in any such securities similarly shall apply to successive Transactions. The provisions of this Section 6(g) shall be the sole right of Holders in connection with any Transaction and such Holders shall have no
separate vote thereon. 
 (h) The Corporation shall at all times reserve and keep available for issuance upon the conversion of the
Series E Preferred Stock such number of its authorized but unissued shares of Common Stock as will from time to time be sufficient to permit the conversion of all outstanding shares of Series E Preferred Stock, and shall take all action
required to increase the authorized number of shares of Common Stock if at any time there shall be insufficient unissued shares of Common Stock to permit such reservation or to permit the conversion of all outstanding shares of Series E
Preferred Stock. 
 (i) The issuance or delivery of certificates for Common Stock upon the conversion of shares of Series E Preferred
Stock shall be made without charge to the converting holder of shares of Series E Preferred Stock for such certificates or for any tax in respect of the issuance or delivery of such certificates or the securities represented thereby, and such
certificates shall be issued or delivered in the respective names of, or in such names as may be directed by, the Holders of the shares of Series E Preferred Stock converted; provided, however, that the Corporation shall not be required to pay
any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the Holder of the shares of Series E Preferred Stock converted, and the Corporation shall not be
required to issue or deliver such certificate unless or until the Person or Persons requesting the issuance or delivery thereof shall have paid to the Corporation the amount of such tax or shall have established to the reasonable satisfaction of the
Corporation that such tax has been paid. 
  

	7.	Mandatory Conversion. 

 (a) At any time on or after
November 17, 2008, the Corporation shall have the right, at its option, to cause the Series E Preferred Stock, in whole but not in part, to be automatically converted into that number of whole shares of Common Stock for each share of
Series E Preferred Stock equal to the Conversion Ratio then in effect, with any resulting fractional shares of Common Stock to be settled in accordance with Section 6(f). The Corporation may exercise its right to cause a mandatory
conversion pursuant to this Section 7(a) only if the closing price of the Common Stock equals or exceeds 130% of the Conversion Price then in effect for at least 20 trading days in any consecutive 30-day trading period on the AMEX (or another
national securities exchange or the Nasdaq National Market), including the last trading day of such 30-day period. 
 (b) To exercise the
mandatory conversion right described in Section 7(a), the Corporation shall give notice by mail or by publication (with subsequent prompt notice by mail) to the Holders (not more than four Business Days after the date of the notice) of the
mandatory conversion announcing the Corporation’s intention to convert the Series E Preferred Stock. The conversion date will be a date selected by the Corporation (the “Mandatory Conversion Date”) and will be no more than
five Business Days after the date on which the Corporation issues the notice described in this Section 7(b). 
  

 12 

 (c) In addition to any information required by applicable law or regulation, the notice of a mandatory
conversion described in Section 7(b) shall state, as appropriate: (i) the Mandatory Conversion Date; (ii) the number of shares of Common Stock to be issued upon conversion of each share of Series E Preferred Stock, and
(iii) that dividends on the Series E Preferred Stock to be converted will cease to accrue on the Mandatory Conversion Date. 
 (d)
On and after the Mandatory Conversion Date, dividends will cease to accrue on the Series E Preferred Stock called for a mandatory conversion pursuant to Section 7(a) and all rights of Holders will terminate except for the right to receive
the whole shares of Common Stock issuable upon conversion thereof and cash, in lieu of any fractional shares of Common Stock in accordance with Section 6(f). The dividend payment with respect to the Series E Preferred Stock called for a
mandatory conversion pursuant to Section 7(a) on a date during the period between the close of business on any Dividend Record Date to the close of business on the corresponding Dividend Payment Date will be payable on such Dividend Payment
Date to the record holder of such share on such Dividend Record Date if such share has been converted after such Dividend Record Date and prior to such Dividend Payment Date. Except as provided in the immediately preceding sentence with respect to a
mandatory conversion pursuant to Section 7(a), no payment or adjustment will be made upon conversion of Series E Preferred Stock for Accrued Dividends or for dividends with respect to the Common Stock issued upon such conversion.

 (e) The Corporation may not authorize or give notice of any mandatory conversion pursuant to Section 7(a) unless, prior to giving the
conversion notice, all Accumulated Dividends on the Series E Preferred Stock for periods ended prior to the date of such conversion notice shall have been paid in full. 
 (f) In addition to the mandatory conversion right described in Section 7(a), if the number of shares of Series E Preferred Stock outstanding is
less than 10% of the number of shares of Series E Preferred Stock issued on the Issue Date, the Corporation shall have the right, at any time on or after May 17, 2011, at its option, to cause the Series E Preferred Stock, in whole but
not in part, to be automatically converted into that number of whole shares of Common Stock equal to the quotient of (i) the Liquidation Preference divided by (ii) the lesser of (A) the Conversion Price then in effect and (B) the
Market Value for the five trading day period ending on the second trading day immediately prior to the Mandatory Conversion Date, with any resulting fractional shares of Common Stock to be settled in cash in accordance with Section 6(f). The
provisions of clauses (b), (c), (d) and (e) of this Section 7 shall apply to any mandatory conversion pursuant to this clause (f); provided, that (i) the Mandatory Conversion Date described in
Section 7(b) shall not be less than 15 days nor more than 30 days after the date on which the Corporation issues a notice pursuant to Section 7(b) announcing such mandatory conversion, and (ii) the notice of mandatory conversion
described in Section 7(c) will not state the number of shares of Common Stock to be issued upon conversion of each share of Series E Preferred Stock, but instead will state the basis for determining the number of shares of Common Stock to
be issued as set forth in this Section 7(f). 
  

 13 

	8.	Consolidation, Merger and Sale of Assets. 

 (a) The
Corporation, without the consent of the Holders, may consolidate with or merge into any other Person or convey, transfer or lease all or substantially all its assets to any Person or may permit any Person to consolidate with or merge into, or
transfer or lease all or substantially all its properties to, the Corporation; provided, however, that (a) the successor, transferee or lessee is organized under the laws of the United States or any political subdivision thereof,
and (b) the shares of Series E Preferred Stock will become shares of such successor, transferee or lessee, having in respect of such successor, transferee or lessee the same powers, preferences and relative participating, optional or other
special rights and the qualification, limitations or restrictions thereon, the Series E Preferred Stock had immediately prior to such transaction. 
 (b) Upon any consolidation by the Corporation with, or merger by the Corporation into, any other person or any conveyance, transfer or lease of all or substantially all the assets of the Corporation as described in
Section 8(a), the successor resulting from such consolidation or into which the Corporation is merged or the transferee or lessee to which such conveyance, transfer or lease is made, will succeed to, and be substituted for, and may exercise
every right and power of, the Corporation under the shares of Series E Preferred Stock, and thereafter, except in the case of a lease, the predecessor (if still in existence) will be released from its obligations and covenants with respect to
the Series E Preferred Stock. 
  

	9.	Redemption. 

 (a) The Corporation may not redeem the
shares of Series E Preferred Stock prior to May 17, 2010. At any time on or after May 17, 2010 and prior to May 17, 2012, the Corporation may, at its option, redeem all, but not a portion, of the shares of Series E Preferred
Stock at a cash redemption price per share equal to (i) 105% of the Liquidation Preference, plus (ii) all Accumulated Dividends and Accrued Dividends to the date of redemption. The date of redemption shall be a date fixed by the
Corporation not less than 30 nor more than 60 days after the date of the notice referred to in Section 9(c). 
 (b) At any time on or
after May 17, 2012, the Corporation may, at its option, redeem all, but not a portion, of the outstanding shares of Series E Preferred Stock at a cash redemption price per share equal to the Liquidation Preference plus all Accumulated
Dividends and Accrued Dividends to the date of redemption. The date of redemption shall be a date fixed by the Corporation not less than 30 nor more than 60 days after the date of the notice referred to in Section 9(c). 
 (c) If the Corporation elects to redeem the Series E Preferred Stock in accordance with either Section 9(a) or Section 9(b), it will
notify the Holders of its intention to redeem the Series E Preferred Stock by mailing a notice of its intention to redeem the Series E Preferred Stock to all Holders. 
 (d) In addition to any information required by applicable law, regulation or stock exchange rule, the notice of redemption will state: 
  

	 	(i)	the redemption date; 

  

 14 

	 	(ii)	the redemption price to be paid in respect of each share of Series E Preferred Stock; 

  

	 	(iii)	that dividends on the Series E Preferred Stock will cease to be payable on the redemption date, unless the Corporation defaults in making payment of any cash payable upon
redemption; 

  

	 	(iv)	that the option of holders of Series E Preferred Stock to convert shares of Series E Preferred Stock into Common Stock will terminate at the close of business on the
Business Day immediately preceding the redemption date, unless the Corporation defaults in making payment of any cash payable upon redemption; 

  

	 	(v)	the Conversion Price then in effect; and 

  

	 	(vi)	that shares of Series E Preferred Stock must be surrendered to the Corporation in order to receive the redemption payment and the procedures for surrendering shares of
Series E Preferred Stock. 

 (e) Notice having been given as provided above, from and after the date fixed for the
redemption (unless the Corporation shall fail to make available the money necessary to effect such redemption), the Holders shall cease to be stockholders with respect to the Corporation’s shares of Series E Preferred Stock and shall have
no interest in or claim against the Corporation by virtue thereof and shall have no voting or other right with respect to such shares, except the right to receive the moneys payable upon such redemption from the Corporation, less any required tax
withholding amount, without interest thereon, upon surrender (and endorsement or assignment of transfer, if required by the Corporation and so stated in the notice) of their certificates, and the shares represented thereby shall no longer be deemed
to be outstanding. The Corporation may, at its option, at any time after a notice of redemption has been given, deposit the redemption price for the shares of Series E Preferred Stock, plus any Accumulated Dividends and Accrued Dividends
thereon to the date fixed for redemption, with an escrow agent, as a trust fund for the benefit of the Holders, together with irrevocable instructions and authority to such escrow agent that such funds be delivered upon redemption of such shares and
to pay, on and after the date fixed for redemption or prior thereto, the redemption price of the shares to their respective Holders upon the surrender of their share certificates. From and after the making of such deposit, the Holders shall cease to
be stockholders with respect to such shares and shall have no interest in or claim against the Corporation by virtue thereof and shall have no voting or other rights with respect to such shares, except the right to receive from such trust fund the
moneys payable upon such redemption, without interest thereon, upon surrender (and endorsement, if required by the Corporation) of their certificates, and the shares represented thereby shall no longer be deemed to be outstanding. Any balance of
such moneys remaining unclaimed at the end of the two-year period commencing on the date fixed for redemption shall be repaid to the Corporation upon its request expressed in a resolution of its Board of Directors. 
 (f) The right of Holders to convert shares of Series E Preferred Stock will terminate at the close of business on the Business Day immediately
preceding the redemption date, unless the Corporation defaults in making payment of any cash payable upon redemption. 
  

 15 

	10.	Other Provisions. 

 (a) With respect to any notice
to a Holder required to be provided hereunder, neither failure to mail such notice, nor any defect therein or in the mailing thereof, to any particular holder shall affect the sufficiency of the notice or the validity of the proceedings referred to
in such notice with respect to the other holders or affect the legality or validity of any distribution, rights, warrant, reclassification, consolidation, merger, conveyance, transfer, dissolution, liquidation or winding-up, or the vote upon any
such action. Any notice which was mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the holder receives the notice. 
 (b) Shares of Series E Preferred Stock issued and reacquired will be retired and canceled promptly after reacquisition thereof and, upon compliance
with the applicable requirements of Delaware law, have the status of authorized but unissued shares of preferred stock of the Corporation undesignated as to series and may with any and all other authorized but unissued shares of preferred stock of
the Corporation be designated or redesignated and issued or reissued, as the case may be, as part of any series of preferred stock of the Corporation, except that any issuance or reissuance of shares of Series E Preferred Stock must be in
compliance with this Certificate of Designation. 
 (c) The shares of Series E Preferred Stock shall be issuable only in whole shares.

 (d) All notice periods referred to herein shall commence on the date of the mailing of the applicable notice. 
  

 16

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