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SEC Follow Up Exhibits Part C SEC_OEA_FCIC_001760-2501

SEC Follow Up Exhibits Part C SEC_OEA_FCIC_001760-2501

SEC Follow Up Exhibits Part C SEC_OEA_FCIC_001760-2501

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Table of Contents<br />

Dividend Stopper<br />

Repurchase of Junior Securities<br />

Redemption<br />

Maturity<br />

Mandatory Conversion<br />

Preferred Stock; this rate will further increase to 15.5% of the<br />

liquidation preference commencing with the dividend period<br />

relating to the dividend payment date on March 31, 2009, and to<br />

17% of the liquidation preference commencing with the dividend<br />

period relating to the dividend payment date on September 30,<br />

2009. Notwithstanding the foregoing sentence, dividends on the<br />

Series G Preferred Stock will always be paid at the higher of the<br />

Special Dividend rate and the dividend rate payable on an asconverted<br />

basis on the common stock during the applicable<br />

dividend period.<br />

Dividends on the Series G Preferred Stock are non-cumulative. If<br />

the board of directors does not declare a dividend on the Series G<br />

Preferred Stock in respect of any dividend period, the holders<br />

will have no right to receive any dividend for that dividend<br />

period, and we will have no obligation to pay a dividend for that<br />

dividend period.<br />

Subject to limited exceptions, if full quarterly dividends payable<br />

on all outstanding shares of the Series G Preferred Stock for any<br />

dividend period have not been declared and paid, we will not be<br />

permitted to declare or pay dividends with respect to, or redeem,<br />

purchase or acquire, any of our junior securities during the next<br />

succeeding dividend period.<br />

For as long as the Series G Preferred Stock is outstanding, we are<br />

prohibited from redeeming, purchasing or acquiring any shares<br />

of common stock or other junior securities, subject to limited<br />

exceptions.<br />

The Series G Preferred Stock is not redeemable by the holders,<br />

but may be redeemed by the Company beginning on April 29,<br />

2013 at a redemption price per share equal to the greater of<br />

(i) 125% of the liquidation preference and (ii) the average of the<br />

closing prices of the common stock for the ten trading days<br />

ending on the sixth trading day prior to the date of redemption<br />

multiplied by the number of shares of common stock into which<br />

one share of Series G Preferred Stock would be convertible on<br />

such date if such shares of Series G Preferred Stock were<br />

converted on that date following receipt of the Stockholder<br />

Approvals relating to the Series G Preferred Stock, together with<br />

(x) an amount equal to any dividends that have been declared but<br />

not paid prior to the redemption date and (y) an amount equal to<br />

any dividends for periods after such issuance for which<br />

dividends were not declared and paid prior to the redemption<br />

date.<br />

The Series G Preferred Stock is perpetual, meaning it has no<br />

fixed maturity date.<br />

The Series G Preferred Stock is mandatorily convertible into<br />

shares of common stock on the fifth business day after which the<br />

Stockholder Approvals relating to the Series G Preferred Stock<br />

have been received. The number of shares of common stock into<br />

which a share of Series G Preferred Stock will be convertible<br />

will be determined by dividing the liquidation preference by the<br />

then applicable conversion price. No fractional shares of<br />

common stock will be issued. <strong>Up</strong>on conversion, cash will be<br />

paid in lieu of fractional<br />

S-3

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