
| (i) |
shares of common stock, $0.01 par value, of the Company (“Common Stock”);
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| (ii) |
shares of preferred stock, $0.01 par value, of the Company (“Preferred Stock”);
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| (iii) |
depositary shares representing fractional interests in shares of Preferred Stock (“Depositary Shares”) evidenced by depositary receipts issued against deposit of shares of Preferred Stock pursuant to a deposit agreement to be entered into between the Company and a bank or
trust company selected by the Company (the “Depositary”);
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| (iv) |
warrants to purchase Common Stock, Preferred Stock, Depositary Shares or other securities or other rights of the Company (“Warrants”);
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| (v) |
purchase contracts of the Company (“Purchase
Contracts”), obligating the holders thereof to purchase from or sell to the Company, or the Company to sell to or purchase from the holders, Common Stock, Preferred Stock, Depositary Shares, Warrants or other securities or other
rights of the Company at a future date or dates, which may be issued separately or as part of units comprised of one or more of the securities described above in any combination (“Purchase Units”); and
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| (vi) |
units comprised of one or more of the securities described above in any combination (the “Units”).
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| • |
with respect to any of the Securities, (a) the authorization by the Company of the amount, terms and issuance of such Securities (the “Authorization”), (b) the issuance of such Securities in accordance with the Authorization therefor upon receipt by the Company of the consideration
(which, in the case of shares of Common Stock and Preferred Stock, is legal consideration not less than the par value of such shares) to be paid therefor in accordance with the Authorization, (c) any definitive purchase, underwriting or
similar agreement with respect to any Securities offered will have been duly authorized and validly executed and delivered by the Company and the other party or parties thereto, and, if applicable, (d) certificates representing such
Securities have been duly executed, countersigned, registered and delivered either, (i) in accordance with the applicable definitive purchase, underwriting or similar agreement, or (ii) upon conversion or exercise of any other Security, in
accordance with the terms of such Security or the instrument governing such Security providing for such conversion or exercise;
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| • |
with respect to Depositary Shares, (a) the authorization, execution and delivery by the Company and the Depositary of the deposit agreement under which such Depositary
Shares are to be issued, (b) the establishment of the terms of such Depositary Shares, and the execution and delivery of such Depositary Shares, in conformity with the deposit agreement under which such Depositary Shares are to be issued and
applicable law, (c) a certificate of designation setting forth the powers, designations, preferences, rights, qualifications, limitations and restrictions of the related series of Preferred Stock represented by the Depositary Shares has been
duly filed with the Secretary of State of the State of Delaware, (d) the shares of the related series of Preferred Stock represented by the Depositary Shares have been duly authorized, issued and delivered to the Depositary in accordance with
the Charter and applicable law, (e) the execution, countersignature, and issuance of depositary receipts evidencing the Depositary Shares in accordance with the deposit agreement and applicable law, (f) any such Depositary Shares and any
depositary agreement related thereto will be governed by New York law and will not include any provision that is unenforceable, and (g) any Securities issuable upon conversion, exchange, redemption or exercise of such Depositary Shares, or
the underlying Preferred Stock, being offered will be duly authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange, redemption, or exercise; and
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| • |
with respect to Warrants, Purchase Contracts, Purchase Units or Units, (a) the authorization, execution and delivery by the Company and the other parties thereto of any
agreement under which such Warrants, Purchase Contracts, Purchase Units or Units are to be issued and (b) the establishment of the terms of such Warrants, Purchase Contracts, Purchase Units or Units, and the execution and delivery of such
Warrants, Purchase Contracts, Purchase Units or Units, in conformity with any applicable agreement under which such Warrants, Purchase Contracts, Purchase Units or Units are to be issued and applicable law, (c) any such Warrants, Purchase
Contracts, Purchase Units or Units and any warrant agreement or other agreement governing the foregoing will be governed by New York law and will not include any provision that is unenforceable, and (d) any Securities issuable upon
conversion, exchange, redemption or exercise of such Warrants, Purchase Contracts, Purchase Units or Units being offered will be duly authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange, redemption,
or exercise.
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| 1. |
Upon the Future Authorization and Issuance of shares of Common Stock, such shares of Common Stock will be validly issued, fully paid and nonassessable.
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| 2. |
Upon the Future Authorization and Issuance of shares of Preferred Stock, such shares of Preferred Stock will be validly issued, fully paid and nonassessable.
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| 3. |
Upon the Future Authorization and Issuance of Depositary Shares, such Depositary Shares will be validly issued and will entitle the holders thereof to the rights
specified in such Depositary Shares and the depositary agreement related thereto.
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| 4. |
Upon the Future Authorization and Issuance of Warrants, such Warrants will be valid and binding obligations of the Company.
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| 5. |
Upon the Future Authorization and Issuance of Purchase Contracts or Purchase Units, such Purchase Contracts or Purchase Units will be valid and binding obligations of
the Company.
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| 6. |
Upon the Future Authorization and Issuance of Units, such Units will be valid and binding obligations of the Company.
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Very truly yours,
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