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<SEC-DOCUMENT>0001104659-09-049779.txt : 20090814
<SEC-HEADER>0001104659-09-049779.hdr.sgml : 20090814
<ACCEPTANCE-DATETIME>20090814131630
ACCESSION NUMBER:		0001104659-09-049779
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090925
FILED AS OF DATE:		20090814
DATE AS OF CHANGE:		20090814
EFFECTIVENESS DATE:		20090814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RETRACTABLE TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000946563
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				752599762
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16465
		FILM NUMBER:		091014072

	BUSINESS ADDRESS:	
		STREET 1:		511 LOBO LANE
		CITY:			LITTLE ELM
		STATE:			TX
		ZIP:			75068-0009
		BUSINESS PHONE:		9722941010

	MAIL ADDRESS:	
		STREET 1:		511 LOBO LANE
		CITY:			LITTLE ELM
		STATE:			TX
		ZIP:			75068-0009
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>a09-20111_1def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>

<html>

<head>





</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNITED STATES</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
  COMMISSION</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">SCHEDULE 14A Information</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy
  Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934<br> &nbsp;(Amendment No.
  &nbsp;&nbsp;&nbsp;&nbsp;)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed by the Registrant&nbsp;&nbsp;</font><font face="Wingdings">x</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed by a Party other than the Registrant</font>&nbsp;&nbsp;<font face="Wingdings">o</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box:</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preliminary Proxy Statement</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Confidential, for
  Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></b></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Proxy Statement</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Additional Materials</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting Material Under &#167;240.14a-12</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Retractable
  Technologies, Inc.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name
  of Registrant as Specified In Its Charter)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name
  of Person(s) Filing Proxy Statement, if other than the Registrant)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment of Filing Fee (Check the
  appropriate box):</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fee required.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee computed on table below per
  Exchange Act Rules 14a-6(i)(1) and 0-11.</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title of each class of securities to
  which transaction applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aggregate number of securities to
  which transaction applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Per unit price or other underlying
  value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth
  the amount on which the filing fee is calculated and state how it was
  determined):</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed maximum aggregate value of
  transaction:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total fee paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee paid previously with preliminary
  materials.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check box if any part of the fee is
  offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
  for which the offsetting fee was paid previously. Identify the previous
  filing by registration statement number, or the Form or Schedule and the date
  of its filing.</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amount Previously Paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form, Schedule or Registration Statement
  No.:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filing Party:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date Filed:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="38" style="border:none;"></td>
  <td width="33" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="675" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTICE
OF SPECIAL MEETING OF PREFERRED SHAREHOLDERS</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO
BE HELD ON SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the Preferred
Shareholders of Retractable Technologies,&nbsp;Inc.:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOTICE IS HEREBY GIVEN THAT a Special Meeting of
holders of each series of Class&nbsp;B Convertible Preferred Stock of
Retractable Technologies,&nbsp;Inc., a Texas corporation (the &#147;Company&#148;), will
be held simultaneously at the Little Elm City Hall, 100 West Eldorado Parkway,
Little Elm, Texas 75068, on the 25</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font><font size="2" style="font-size:10.0pt;">&#160;day of September, 2009, at 11:00&nbsp;a.m.,
Central time (the &#147;Special Meeting&#148;) for the following purposes:</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of Class&nbsp;B Convertible Preferred Stock (the &#147;Series&nbsp;I
Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;II Class&nbsp;B Convertible Preferred Stock (the
&#147;Series&nbsp;II Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;III Class&nbsp;B Convertible Preferred Stock
(the &#147;Series&nbsp;III Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock (the
&#147;Series&nbsp;IV Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;V Class&nbsp;B Convertible Preferred Stock (the &#147;Series&nbsp;V
Certificate of Designation&#148;); and</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
transaction of such other business as may properly come before the Special
Meeting of Preferred Shareholders or any adjournments or postponements thereof.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has fixed the close of business on July&nbsp;27,
2009, as the record date for determining shareholders entitled to notice of,
and to vote at, the Special Meeting and any adjournments thereof.&#160; You are entitled to vote if you hold
Preferred Stock of the Company as of July&nbsp;27, 2009.&#160; Shareholders who execute proxies solicited by
the Board of Directors of the Company retain the right to revoke them at any
time; unless so revoked, the shares of Preferred Stock represented by such <b>proxies will be voted at the Special Meeting in
accordance with the directions given therein. Where no choice is specified by
the shareholder, the proxy will be voted &#147;For&#148; the proposal.</b></font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
list of shareholders of the Company may be examined at the offices of the
Company and its registered agent beginning on September&nbsp;14, 2009, and at
the Special Meeting. Further information regarding the Special Meeting is set
forth in the attached Proxy Statement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IMPORTANT NOTICE REGARDING THE
AVAILABILITY OF PROXY MATERIALS FOR THE<br>
SHAREHOLDER MEETING TO BE HELD ON SEPTEMBER 25, 2009:</font></b></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proxy
Statement, copies of the proxy card for each series of stock, our Form&nbsp;10-K
annual report</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;and most recent Form&nbsp;10-Q quarterly
report are available at:</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">www.proxyvote.com.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PREFERRED SHAREHOLDERS
ARE CORDIALLY INVITED TO ATTEND THE SPECIAL MEETING. HOWEVER, WHETHER OR NOT
YOU PLAN TO ATTEND THE SPECIAL MEETING IN PERSON, PLEASE COMPLETE, DATE, SIGN,
AND MAIL PROMPTLY THE ENCLOSED PROXY CARD IN THE ENCLOSED </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">POSTPAID ENVELOPE (OR
OTHERWISE VOTE ON THE PROPOSALS). THE PROXY IS REVOCABLE AND WILL NOT BE USED
IF YOU ARE PRESENT AT THE SPECIAL MEETING AND PREFER TO VOTE YOUR SHARES IN
PERSON.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By Order of the Board of
Directors,</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img border="0" width="193" height="38" src="g201111bc01i001.gif"></font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.84%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THOMAS
  J. SHAW<br>
  CHAIRMAN, PRESIDENT, AND CHIEF EXECUTIVE OFFICER</font></b></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RETRACTABLE
TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROXY
STATEMENT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS TO BE HELD ON SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TABLE
OF CONTENTS</font></b><a name="TableOfContents"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#OutstandingVotingSecuritiesAndVot_123709" title="Click to goto ">OUTSTANDING
  VOTING SECURITIES AND VOTING RIGHTS</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#VotingProcedures_123714" title="Click to goto ">VOTING PROCEDURES</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ShareholderList_123715" title="Click to goto ">SHAREHOLDER LIST</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#HowToVote_194241" title="Click to goto ">HOW
  TO VOTE</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#OtherMatters_123717" title="Click to goto ">OTHER MATTERS</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#LimitedDiscretionaryAuthorityToVo_123720" title="Click to goto ">LIMITED
  DISCRETIONARY AUTHORITY TO VOTE PROXIES</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#AnnualReportOnForm10kAndQuarterly_123720" title="Click to goto ">ANNUAL
  REPORT ON FORM&nbsp;10-K AND QUARTERLY REPORT ON FORM 10-Q</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#HowToObtainInformationAndVoteInPe_123730" title="Click to goto ">HOW
  TO OBTAIN INFORMATION AND VOTE IN PERSON</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#AvailabilityOfAccountantsAtMeetin_123731" title="Click to goto ">AVAILABILITY
  OF ACCOUNTANTS AT MEETING</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#DeliveryOfSingleSetOfDocumentsToO_123734" title="Click to goto ">DELIVERY
  OF SINGLE SET OF DOCUMENTS TO ONE HOUSEHOLD</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#CeasingDeliveryOfDuplicateDocumen_123736" title="Click to goto ">CEASING
  DELIVERY OF DUPLICATE DOCUMENTS TO SHAREHOLDERS</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ShareholderProposalsForPresentati_123747" title="Click to goto ">SHAREHOLDER
  PROPOSALS FOR PRESENTATION AT THE 2010 ANNUAL MEETING</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ProposalNo_1_123800" title="Click to goto ">PROPOSAL NO. 1 &#150; THE
  AMENDMENT OF THE SERIES I CERTIFICATE OF DESIGNATION</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Introduction_123805" title="Click to goto ">INTRODUCTION</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#CurrentStatusOfSeriesIClassbStock_201234" title="Click to goto ">CURRENT STATUS OF SERIES I CLASS B STOCK</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ReasonForTheAmendment_123809" title="Click to goto ">REASON FOR THE AMENDMENT</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#EffectsOnRightsOfCurrentPreferred_123810" title="Click to goto ">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ProposalNo_2_123819" title="Click to goto ">PROPOSAL NO. 2 &#150; THE
  AMENDMENT OF THE SERIES II CERTIFICATE OF DESIGNATION</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Introduction_123828" title="Click to goto ">INTRODUCTION</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#CurrentStatusOfSeriesIiClassbStoc_201236" title="Click to goto ">CURRENT STATUS OF SERIES II CLASS B STOCK</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ReasonForTheAmendment_123836" title="Click to goto ">REASON FOR THE AMENDMENT</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#EffectsOnRightsOfCurrentPreferred_123838" title="Click to goto ">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ProposalNo_3_123842" title="Click to goto ">PROPOSAL NO. 3 &#150; THE
  AMENDMENT OF THE SERIES III CERTIFICATE OF DESIGNATION</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Introduction_123844" title="Click to goto ">INTRODUCTION</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#CurrentStatusOfSeriesIiiClassbSto_201238" title="Click to goto ">CURRENT STATUS OF SERIES III CLASS B STOCK</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ReasonForTheAmendment_121359" title="Click to goto ">REASON
  FOR THE AMENDMENT</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#EffectsOnRightsOfCurrentPreferred_121400" title="Click to goto ">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ProposalNo_4TheAmendmentOfTheSeri_121415" title="Click to goto ">PROPOSAL NO. 4 &#150; THE AMENDMENT OF THE SERIES IV
  CERTIFICATE OF DESIGNATION</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Introduction_121420" title="Click to goto ">INTRODUCTION</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#CurrentStatusOfSeriesIvClassbStoc_201835" title="Click to goto ">CURRENT STATUS OF SERIES IV CLASS B STOCK</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ReasonForTheAmendment_121426" title="Click to goto ">REASON
  FOR THE AMENDMENT</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#EffectsOnRightsOfCurrentPreferred_121429" title="Click to goto ">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#ProposalNo_5TheAmendmentOfTheSeri_121449" title="Click to goto ">PROPOSAL NO. 5 &#150; THE AMENDMENT OF THE SERIES V CERTIFICATE
  OF DESIGNATION</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Introduction_121451" title="Click to goto ">INTRODUCTION</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#CurrentStatusOfSeriesVClassbStock_201838" title="Click to goto ">CURRENT STATUS OF SERIES V CLASS B STOCK</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#ReasonForTheAmendment_121456" title="Click to goto ">REASON
  FOR THE AMENDMENT</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#EffectsOnRightsOfCurrentPreferred_121502" title="Click to goto ">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</a></font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#SecurityOwnershipOfCertainBenefic_121510" title="Click to goto ">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">15</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#SecurityOwnershipOfManagementAndD_121516" title="Click to goto ">SECURITY OWNERSHIP OF MANAGEMENT AND DIRECTORS</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">16</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="94%" valign="top" style="padding:0in 0in 0in 0in;width:94.68%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="#IncorporationByReferenceOfOtherIn_201813" title="Click to goto ">INCORPORATION BY REFERENCE OF OTHER INFORMATION IN
  THIS PROXY STATEMENT</a></font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.32%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">18</font></b></p>
  </td>
 </tr>
</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
A </font></b><font size="2" style="font-size:10.0pt;">&#151; Redlined
Proposed Amended Certificate of Designation, Preferences, Rights, and
Limitations of Class&nbsp;B Convertible Preferred Stock of Retractable
Technologies,&nbsp;Inc. (&#147;Series&nbsp;I Certificate of Designation&#148;)</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
B </font></b><font size="2" style="font-size:10.0pt;">- Redlined
Proposed Amended Certificate of Designation, Preferences, Rights, and
Limitations of the Series&nbsp;II Class&nbsp;B Convertible Preferred Stock of
Retractable Technologies,&nbsp;Inc. (&#147;Series&nbsp;II Certificate of Designation&#148;)</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
C </font></b><font size="2" style="font-size:10.0pt;">- Redlined
Proposed Amended Certificate of Designation, Preferences, Rights, and
Limitations of the Series&nbsp;III Class&nbsp;B Convertible Preferred Stock of
Retractable Technologies,&nbsp;Inc. (&#147;Series&nbsp;III Certificate of
Designation&#148;)</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
D </font></b><font size="2" style="font-size:10.0pt;">- Redlined
Proposed Amended Certificate of Designation, Preferences, Rights, and
Limitations of the Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock of
Retractable Technologies,&nbsp;Inc. (&#147;Series&nbsp;IV Certificate of Designation&#148;)</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
E</font></b><font size="2" style="font-size:10.0pt;"> - Redlined
Proposed Amended Certificate of Designation, Preferences, Rights, and
Limitations of the Series&nbsp;V Class&nbsp;B Convertible Preferred Stock of
Retractable Technologies,&nbsp;Inc. (&#147;Series&nbsp;V Certificate of Designation&#148;)</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
F </font></b><font size="2" style="font-size:10.0pt;">- Form&nbsp;of
Proxy Card &#151; Series&nbsp;I Class&nbsp;B Convertible Preferred Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
G</font></b><font size="2" style="font-size:10.0pt;"> - Form&nbsp;of
Proxy Card &#151; Series&nbsp;II Class&nbsp;B Convertible Preferred Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
H </font></b><font size="2" style="font-size:10.0pt;">- Form&nbsp;of
Proxy Card &#151; Series&nbsp;III Class&nbsp;B Convertible Preferred Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
I </font></b><font size="2" style="font-size:10.0pt;">- Form&nbsp;of
Proxy Card &#151; Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix J </font></b><font size="2" style="font-size:10.0pt;">- Form&nbsp;of Proxy Card &#151; Series&nbsp;V
Class&nbsp;B Convertible Preferred Stock</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROXY
STATEMENT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following information is furnished in connection
with the solicitation of proxies from the holders of Preferred Stock on behalf
of the Board of Directors of Retractable Technologies,&nbsp;Inc., a Texas
corporation (the &#147;Company&#148;), which has its principal executive offices (where
the principal executive officers may be contacted) at 511 Lobo Lane, Little
Elm, Texas 75068-0009, to be voted at the special meeting of preferred
shareholders of the Company (the &#147;Special Meeting&#148;).&#160; The Special Meeting will be held at the
Little Elm City Hall located at 100 West Eldorado Parkway, Little Elm, Texas
75068, on the 25</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font><font size="2" style="font-size:10.0pt;">&#160;day of September&nbsp;2009, at 11:00&nbsp;a.m.,
Central time, for the following purposes:</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of Class&nbsp;B Convertible Preferred Stock (the &#147;Series&nbsp;I
Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;II Class&nbsp;B Convertible Preferred Stock (the
&#147;Series&nbsp;II Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;III Class&nbsp;B Convertible Preferred Stock
(the &#147;Series&nbsp;III Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock (the
&#147;Series&nbsp;IV Certificate of Designation&#148;);</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Approval
of an amendment to the Certificate of Designation, Preferences, Rights and
Limitations of the Series&nbsp;V Class&nbsp;B Convertible Preferred Stock (the &#147;Series&nbsp;V
Certificate of Designation&#148;) (the Series&nbsp;I Certificate of Designation, Series&nbsp;II
Certificate of Designation, Series&nbsp;III Certificate of Designation, Series&nbsp;IV
Certificate of Designation, and Series&nbsp;V Certificate of Designation
collectively referred to as the &#147;Certificates of Designation&#148;); and</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
transaction of such other business as may properly come before the Special
Meeting or any adjournments or postponements thereof.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You may revoke your proxy at any time before it is
exercised by: (1)&nbsp;sending a written statement revoking your proxy to the
Secretary of the Company; (2)&nbsp;submitting a properly signed proxy with a
later date; or (3)&nbsp;voting in person at the Special Meeting. If you return
your signed proxy to us before the Special Meeting,<b> we will vote your shares as you direct. Where no choice is specified by
the shareholder, the proxy will be voted &#147;For&#148; the proposal.</b>&#160; If any other business is properly brought
before the meeting, any unspecified proxies will be voted in accordance with
the judgment of the persons voting those shares. The Company will pay the cost
of soliciting proxies. In addition to the use of the mails, proxies may be
solicited by the Directors, Officers, and employees of the Company without additional
compensation, by personal interview, telephone, or other means of electronic
communication. Arrangements also may be made with brokerage firms and other
custodians, dealers, banks, and trustees, or their nominees who hold the voting
securities of record, for sending proxy materials to beneficial owners. Upon
request, the Company will reimburse the brokers, custodians, dealers, banks, or
their nominees for their reasonable out-of-pocket expenses.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proxy Statement and form of proxy were mailed to
preferred shareholders on August&nbsp;14, 2009.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OUTSTANDING VOTING SECURITIES AND
VOTING RIGHTS</font></b><a name="OutstandingVotingSecuritiesAndVot_123709"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders
of record of each series of the Company&#146;s Preferred Stock, no par value, at the
close of business on July&nbsp;27, 2009, the record date, are entitled to
notice of and to vote on the respective proposals to amend the applicable certificates
of designation, as detailed below.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
share of Series&nbsp;I Class&nbsp;B Convertible Preferred Stock (&#147;Series&nbsp;I
Class&nbsp;B Stock&#148;) entitles the holder to one (1)&nbsp;vote per share on the
proposal to amend the Series&nbsp;I Certificate of Designation.&#160; On July&nbsp;31, 2009, there were 144,000
shares of Series&nbsp;I Class&nbsp;B Stock issued and outstanding.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
share of Series&nbsp;II Class&nbsp;B Convertible Preferred Stock (&#147;Series&nbsp;II
Class&nbsp;B Stock&#148;) entitles the holder to one (1)&nbsp;vote per share on the
proposal to amend the Series&nbsp;II Certificate of Designation.&#160; On July&nbsp;31, 2009, there were 219,700
shares of Series&nbsp;II Class&nbsp;B Stock issued and outstanding.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
share of Series&nbsp;III Class&nbsp;B Convertible Preferred Stock (&#147;Series&nbsp;III
Class&nbsp;B Stock&#148;) entitles the holder to one (1)&nbsp;vote per share on the
proposal to amend the Series&nbsp;III Certificate of Designation.&#160; On July&nbsp;31, 2009, there were 130,245
shares of Series&nbsp;III Class&nbsp;B Stock issued and outstanding.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
share of Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock (&#147;Series&nbsp;IV
Class&nbsp;B Stock&#148;) entitles the holder to one (1)&nbsp;vote per share on the
proposal to amend the Series&nbsp;IV Certificate of Designation.&#160; On July&nbsp;31, 2009, there were 552,500
shares of Series&nbsp;IV Class&nbsp;B Stock issued and outstanding.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
share of Series&nbsp;V Class&nbsp;B Convertible Preferred Stock (&#147;Series&nbsp;V
Class&nbsp;B Stock&#148;) entitles the holder to one (1)&nbsp;vote per share on the
proposal to amend the Series&nbsp;V Certificate of Designation.&#160; On July&nbsp;31, 2009, there were 1,238,821
shares of Series&nbsp;V Class&nbsp;B Stock issued and outstanding.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The presence, in person or by proxy, of the holders of
a majority of all the outstanding shares entitled to vote is necessary to
constitute a quorum at the Special Meeting for voting by each series of the
preferred shareholders.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you
hold more than one series of Preferred Stock, you may vote for more than one
proposal in accordance with such ownership and you should have received more
than one proxy card. If you hold only one series of Preferred Stock, you will
vote only with respect to the proposal which affects the series of Preferred
Stock which you own and you should receive only one proxy card.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VOTING PROCEDURES</font><a name="VotingProcedures_123714"></a></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Assuming
quorum is attained, the consent of holders of at least fifty-one (51%) percent
of the shares of each series of preferred stock outstanding, voting separately
as a class, is necessary to amend each of the Certificates of Designation.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Abstentions
and Broker Non-Votes</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Abstentions
will be considered present for purposes of calculating the vote but will not be
considered to have been voted in favor of the matter voted upon, and broker
non-votes will not be considered present for purposes of calculating the vote.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SHAREHOLDER LIST</font><a name="ShareholderList_123715"></a></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A copy
of each list of shareholders, by series, entitled to vote at the Special
Meeting will be available for inspection by qualified shareholders for proper
purposes at the offices of the Company and its registered agent during normal
business hours beginning on September&nbsp;14, 2009, and at the Special
Meeting.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">HOW TO VOTE<a name="HowToVote_194241"></a></font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You may vote your shares in
any of the following three ways:</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt 1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote in Person</font></u></p>





<p style="margin:0in 0in .0001pt 1.0in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At the meeting, you may
deliver your ballot to the Inspector of Elections. To obtain directions, please
call the Company at (888) 806-2626.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt 1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote by Internet </font></u></p>





<p style="margin:0in 0in .0001pt 1.0in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To vote now by Internet, go
to www.proxyvote.com. Have the 12-digit control number available and follow the
instructions.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt 1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote by Mail</font></u></p>





<p style="margin:0in 0in .0001pt 1.0in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You can vote by mail by filling
out your enclosed proxy card and returning it in the postage paid envelope we
have provided or return it to </font><font size="2" style="font-size:10.0pt;">Retractable Technologies,&nbsp;Inc., c/o Broadridge,
51 Mercedes Way, Edgewood, NY 11717.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OTHER MATTERS</font></b><a name="OtherMatters_123717"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We do
not anticipate that any other matters will be raised at the Special Meeting.
Management is not aware of any other matters that are to be presented at the
Special Meeting and has not been advised that other persons will present any
such matters. However, if other matters properly come before the Special
Meeting, the individuals named in the accompanying proxy card shall vote on
such matters in accordance with their best judgment.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIMITED DISCRETIONARY AUTHORITY TO
VOTE PROXIES</font></b><a name="LimitedDiscretionaryAuthorityToVo_123720"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy cards and authorizations for the Special Meeting grant the proxies the
right to vote in their discretion on matters submitted to the shareholders
where the Company did not receive notice of any such proposal a reasonable time
before solicitation of proxies.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANNUAL REPORT ON FORM&nbsp;10-K AND
QUARTERLY REPORT ON FORM&nbsp;10-Q</font></b><a name="AnnualReportOnForm10kAndQuarterly_123720"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s Annual Report on Form&nbsp;10-K for the
fiscal year ended December&nbsp;31, 2008, and quarterly report on Form&nbsp;10-Q
for the period ended June 30, 2009 are being distributed with this Proxy
Statement.&#160; Certain sections of the
Annual Report on Form&nbsp;10-K and Quarterly Report on Form&nbsp;10-Q are
incorporated in the Proxy Statement and are considered a part of the soliciting
material (see page&nbsp;18 of this Proxy Statement for an identification of the
sections that are incorporated herein by reference). The remaining sections of
both the Form&nbsp;10-K and Form&nbsp;10-Q are not considered to be part of the
soliciting material.&#160; <b>The Company will provide, without charge, to each
person solicited, upon the written or oral request of any such person, and by
first class mail or other equally prompt means within one business day of
receipt of such request, a copy of our annual report on Form&nbsp;10-K,
including the financial statements and the financial statement schedules (as
well as exhibits), required to be filed with the Commission pursuant to Rule&nbsp;13a-1
under the Securities Exchange Act of 1934, as amended, for the most recent
fiscal year as well as our Form&nbsp;10-Q.</b> Such requests should be
submitted to Mr.&nbsp;Douglas W. Cowan, Vice President and Chief Financial
Officer, at 511 Lobo Lane, P.O.&nbsp;Box 9, Little Elm, Texas 75068-0009, (888)
806-2626.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">HOW TO OBTAIN INFORMATION AND VOTE IN
PERSON</font></b><a name="HowToObtainInformationAndVoteInPe_123730"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders with questions (including regarding
directions) are encouraged to contact the Company&#146;s Chief Financial Officer, Mr.&nbsp;Douglas
W. Cowan, at 511 Lobo Lane, Little Elm, Texas 75068 or by telephone at (888)
806-2626.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AVAILABILITY OF ACCOUNTANTS AT
MEETING</font></b><a name="AvailabilityOfAccountantsAtMeetin_123731"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A
representative of CF&nbsp;&amp; Co. will attend<b>  </b>the Special Meeting and will have the opportunity to make a
statement if he or she so desires. The CF&nbsp;&amp; Co. representative will be
available to respond to appropriate shareholder questions at that time.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DELIVERY OF SINGLE SET OF DOCUMENTS
TO ONE HOUSEHOLD</font></b><a name="DeliveryOfSingleSetOfDocumentsToO_123734"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you and other residents at your mailing address own
shares of our Preferred Stock in street name, your broker or bank may have
notified you that your household will receive only one set of proxy materials
for each company in which you hold stock through that broker or bank.&nbsp;
This practice is known as &#147;householding.&#148;&nbsp; Unless you responded that you
did not want to participate in householding, you were deemed to have consented
to the process.&nbsp; Therefore, your broker or bank will send only one copy of
the proxy materials, unless you notify us otherwise.&#160; This will be true of all future delivery of
proxy materials unless you instruct us otherwise.&#160; However, each stockholder in your household
will continue to receive a separate voting instruction form.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company shall deliver to a Preferred Shareholder
promptly, upon oral or written request to Retractable Technologies,&nbsp;Inc.,
Attention:&nbsp; Mr.&nbsp;Douglas W. Cowan, 511 Lobo Lane, Little Elm, Texas
75068, (888) 806-2626, a separate copy of the proxy materials that comprise the
soliciting material for this Proxy Statement.&#160;
If you would like to receive your own copy of all future proxy
materials, please contact Mr.&nbsp;Cowan and inform him of such request.</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CEASING DELIVERY OF DUPLICATE
DOCUMENTS TO SHAREHOLDERS</font></b><a name="CeasingDeliveryOfDuplicateDocumen_123736"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preferred shareholders receiving multiple copies of
the proxy materials who desire to receive only single copies should make such
request, either orally or in writing, to Mr.&nbsp;Douglas W. Cowan, Vice
President and Chief Financial Officer, at 511 Lobo Lane, P.O.&nbsp;Box 9,
Little Elm, Texas 75068-0009, (888) 806-2626.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SHAREHOLDER PROPOSALS FOR
PRESENTATION AT THE 2010 ANNUAL MEETING</font></b><a name="ShareholderProposalsForPresentati_123747"></a></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any Common
Shareholder of record of the Company who desires to submit a proper proposal
for inclusion in the proxy materials, relating to the 2010 annual meeting of
shareholders, must do so in writing, addressed to the Secretary, Michele M.
Larios, and the proposal must be received at the Company&#146;s principal executive
offices located at 511 Lobo Lane, Little Elm, Texas 75068-0009, by April&nbsp;16,
2010. Any such proposal will be subject to the requirements of the proxy rules&nbsp;adopted
under the Securities Exchange Act of 1934, as amended.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except in the case of proposals made in compliance
with the proxy rules&nbsp;for inclusion in the Company&#146;s Proxy Statement,
shareholders desiring to bring any other business before the annual meeting in
2010, in accordance with the Company&#146;s bylaws, must comply with certain
procedures.&#160; Such proposals must be
delivered to or mailed and received by the Company 45 days before the month and
day of the mailing date (August&nbsp;14</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font><font size="2" style="font-size:10.0pt;">)
of the Notice of Internet Availability of Proxy Materials for the 2009 Annual
Meeting (meaning by June&nbsp;30, 2010).&#160;
Such notice should be addressed to Michele M. Larios, Secretary, and
should set forth, as to each matter the shareholder proposing to bring before
the annual meeting, the following information:&#160;
a) a brief description of the business desired to be brought before the
annual meeting and the reasons for conducting such business at the annual
meeting; b) the name and address of the shareholder; c) the number of shares
beneficially owned by the shareholder; and d) any material interest of the
shareholder in such business.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
deadline for timely submitting shareholder proposals for consideration at the
2010 annual meeting is June&nbsp;30, 2010. Proposals received after this date
will be considered untimely and may not, in the Board of Directors discretion,
be addressed at the annual meeting. In the event the Board of Directors decides
to substantially alter the date of the 2010 annual meeting, the proper
deadlines for submission of shareholder proposals will be published in a Form&nbsp;10-Q.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
reserve the right to reject, rule&nbsp;out of order, or take other appropriate
action with respect to any proposal that does not comply with these
requirements.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL
NO. 1</font></b><a name="ProposalNo_1_123800"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
AMENDMENT OF THE SERIES I CERTIFICATE OF DESIGNATION</font></b></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION</font><a name="Introduction_123805"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
is proposing approval of an amendment of the Series&nbsp;I Certificate of
Designation as set forth in the blacklined Appendix A hereto which includes the
following marked changes to Section&nbsp;2 as well as conforming changes
throughout the document:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Dividend
Arrearage</u>. If a dividend upon any shares of Class&nbsp;B Preferred Stock is
in arrears, all dividends or other distributions declared upon shares of the Class&nbsp;B
Preferred Stock (other than dividends paid in stock of the Corporation ranking
junior to the Class&nbsp;B Preferred Stock as to dividends and upon
liquidation, dissolution or winding up) may only be declared pro rata. Except
as set forth above, if a dividend upon any shares of Class&nbsp;B Preferred
Stock is in arrears: (i)&nbsp;no dividends (in cash, stock or other property)
may be paid or declared and set aside for payment <strike>or any other distribution
made</strike> upon any stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends (other than dividends of distributions in stock
of the Corporation ranking junior to the Class&nbsp;B Preferred Stock as to
dividends and upon liquidation, dissolution or winding up); and (ii)&nbsp;no <u>preferred</u>
stock of the Corporation ranking junior to the Series&nbsp;I Class&nbsp;B
Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a
sinking fund or otherwise, except (1)&nbsp;by means of redemption pursuant to
which all outstanding shares of the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Class&nbsp;B
Preferred Stock are redeemed, or (2)&nbsp;by conversion of any such junior
stock into, or exchange of any such junior stock into, or exchange of any such
junior stock for stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up<strike>,
or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Class&nbsp;B
Preferred Stock, which offers shall each have been accepted by the holders of
at least 50% of the shares of the Class&nbsp;B Preferred Stock receiving such
offer outstanding at the commencement of the first of such purchase offers, or (2)&nbsp;by
conversion into or exchange for stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up</strike>.&#160; <u>Notwithstanding anything in this Certificate
to the contrary, the Corporation shall be entitled to purchase any of its
shares ranking junior to the Class&nbsp;B Preferred Stock (including Common
shares) on any terms it fixes, even where a dividend upon shares of Class&nbsp;B
Preferred Stock is in arrears, so long as:&#160;
(A)&nbsp;the cash assets of the Corporation as of its latest reporting
period equals or exceeds $40,000,000 or (B)&nbsp;if the cash assets of the
Corporation as of its latest reporting period was less than $40,000,000, the
amount of funds utilized to purchase such shares within the next quarter does
not exceed 25% of the value of the cash assets as of the previous reporting
period.</u>&#160; </font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If approved, the
amendment will allow the Company to purchase shares of stock ranking junior to
the Series&nbsp;I Stock (including Common Stock).&#160; The Board of Directors believes that having
the ability to purchase stock (without necessarily first paying dividends) is a
beneficial tool that it should have to maximize shareholder value and that the
purchase of shares from time to time (when the Board determines such actions
are prudent) would be a beneficial action for both the Company and the existing
shareholders.&#160; <b>The amendment, if approved, will not alter the Company&#146;s obligations to
accrue and, when authorized by the Board of Directors, pay, past due dividends
under the Series&nbsp;I Certificate of Designation.</b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENT
STATUS OF SERIES I CLASS&nbsp;B STOCK<a name="CurrentStatusOfSeriesIClassbStock_201234"></a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of July&nbsp;31, 2009, there were 144,000 shares of
Series&nbsp;I Class&nbsp;B Stock outstanding.&#160;
As of the six months ended June&nbsp;30, 2009, the total amount of
dividends in arrears on the Series&nbsp;I Class&nbsp;B Stock was $144,000.00.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REASON
FOR THE AMENDMENT<a name="ReasonForTheAmendment_123809"></a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company is considering purchasing its Common Stock from time to time pursuant
to a stock repurchase program, when and if the Board of Directors determines it
is appropriate.&#160; The amendment which we
are proposing is necessary in order to effectuate a stock purchase plan while
dividends are in arrears.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EFFECTS
ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS<a name="EffectsOnRightsOfCurrentPreferred_123810"></a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Previously,
the Series&nbsp;I Certificate of Designation provided that, if dividends were
in arrears on the Series&nbsp;I Class&nbsp;B Stock, there were certain
prohibitions on acquisitions for consideration by the Company of stock ranking
junior to the Series&nbsp;I Class&nbsp;B Stock except on certain terms.&#160; One of the limitations included that no
acquisitions for consideration could be made unless the acquisition involved
the acquisition of all of the Series&nbsp;I Class&nbsp;B Stock (upon a 50%
vote) or unless the Series&nbsp;I Class&nbsp;B Stock was converted into or
exchanged into stock of the Company ranking junior to the Series&nbsp;I Class&nbsp;B
Stock as to dividends and upon liquidation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proposed amendment deletes these requirements and includes an addition that
specifically provides that the Company can purchase any of its shares ranking
junior to the Series&nbsp;I Class&nbsp;B Preferred Stock (including Common
shares) on any terms it fixes, even where a dividend upon shares of Series&nbsp;I
Class&nbsp;B Preferred Stock is in arrears, so long as:&#160; (A)&nbsp;the cash assets of the Company as of
its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if the
cash assets of the Company as of its latest reporting period was less than
$40,000,000, the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

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</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">amount of funds utilized
to purchase such shares within the next quarter does not exceed 25% of the
value of the cash assets as of the previous reporting period.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly,
if the amendment is approved, it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;I Class&nbsp;B shareholders their accrued
dividends before the Company buys other shares, including shares of Common
Stock.&#160; The Company is not yet committed
to a stock repurchase program.&#160; As such,
we cannot predict any additional effects of the approval of this amendment
other than it would mean that the Company would no longer be legally bound to
pay the Series&nbsp;I Class&nbsp;B shareholders their accrued dividends before
the Company buys other shares, including shares of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, the Board is currently considering a stock
purchase plan.&#160; The Company&#146;s stock is
trading at or near all time lows.&#160; Given
the current market and our Common stock&#146;s current low prices, we believe it may
be an opportune time to purchase our Common Stock on the open market and that
such action would likely be beneficial to both the Company and its existing
shareholders.&#160; As of July&nbsp;31, 2009,
our Common Stock price was $0.88 per share.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A stock repurchase program would be anti-dilutive to
existing shareholders. Reducing dilution increases shareholder value per share.
A stock repurchase would result in fewer shares outstanding, resulting in each
share being allocated a larger portion of the Company&#146;s assets.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
we believe the ability to purchase shares may discourage stock manipulation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
a stock repurchase program would publicize our confidence in our future, which
may discourage selling and, hopefully, result in an increased price for our
Common shares.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We believe it is advisable for Management to have the
authority to purchase shares of stock without having to pay all accrued and
past due dividends first.&#160; It may be
advisable to engage in a stock purchase program in the future.&#160; However, even if the Company does enter into
a stock repurchase program, there is no guarantee that such action will result
in a temporary or long-term change in our stock price.&#160; Our stock price does not always correspond
with actions taken which, in our view, should increase the stock price.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE
AMENDMENT OF THE SERIES I CERTIFICATE OF DESIGNATION.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL NO. 2<a name="ProposalNo_2_123819"></a></font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
AMENDMENT OF THE SERIES II CERTIFICATE OF DESIGNATION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION<a name="Introduction_123828"></a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
is proposing approval of an amendment of the Series&nbsp;II Certificate of
Designation as set forth in blacklined Appendix B hereto which includes the
following marked changes to Section&nbsp;2 as well as conforming changes
throughout the document:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Dividend
Arrearage</u>. If a dividend upon any shares of Series&nbsp;II Class&nbsp;B
Preferred Stock is in arrears, all dividends or other distributions declared
upon shares of the Series&nbsp;II Class&nbsp;B Preferred Stock (other than
dividends paid in stock of the Corporation ranking junior to the Series&nbsp;II
Class&nbsp;B Preferred Stock as to dividends and upon liquidation, dissolution
or winding up) may only be declared pro rata. Except as set forth above, if a
dividend upon any shares of Series&nbsp;II Class&nbsp;B Preferred Stock is in
arrears: (i)&nbsp;no dividends (in cash, stock or other property) may be paid
or declared and set aside for payment <strike>or any other distribution made</strike> upon
any stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">dividends (other
than dividends of distributions in stock of the Corporation ranking junior to
the Series&nbsp;II Class&nbsp;B Preferred Stock as to dividends and upon
liquidation, dissolution or winding up); and (ii)&nbsp;no <u>preferred</u>
stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a
sinking fund or otherwise, except (1)&nbsp;by means of redemption pursuant to
which all outstanding shares of the Series&nbsp;II Class&nbsp;B Preferred Stock
are redeemed, or (2)&nbsp;by conversion of any such junior stock into, or
exchange of any such junior stock into, or exchange of any such junior stock
for stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up<strike>,
or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Series&nbsp;II
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;II Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;II Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or
(B)&nbsp;if the cash assets of the Corporation as of its latest reporting
period was less than $40,000,000, the amount of funds utilized to purchase such
shares within the next quarter does not exceed 25% of the value of the cash
assets as of the previous reporting period.</u>  </font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If approved, the
amendment will allow the Company to purchase shares of stock ranking junior to
the Series&nbsp;II Stock (including Common Stock).&#160; The Board of Directors believes that having
the ability to purchase stock (without necessarily first paying dividends) is a
beneficial tool that it should have to maximize shareholder value and that the
purchase of shares from time to time (when the Board determines such actions
are prudent) would be a beneficial action for both the Company and the existing
shareholders.&#160; <b>The amendment, if approved, will not alter the Company&#146;s obligations to
accrue and, when authorized by the Board of Directors, pay, past due dividends
under the Series&nbsp;II Certificate of Designation.</b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENT STATUS OF SERIES II CLASS&nbsp;B STOCK</font><a name="CurrentStatusOfSeriesIiClassbStoc_201236"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of July&nbsp;31, 2009, there were 219,700 shares of
Series&nbsp;II Class&nbsp;B Stock outstanding.&#160;
As of the six months ended June&nbsp;30, 2009, the total amount of
dividends in arrears on the Series&nbsp;II Class&nbsp;B Stock was $440,855.48.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REASON FOR THE AMENDMENT</font><a name="ReasonForTheAmendment_123836"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company is considering purchasing its Common Stock from time to time pursuant
to a stock repurchase program, when and if the Board of Directors determines it
is appropriate.&#160; The amendment which we
are proposing is necessary in order to effectuate a stock purchase plan while dividends
are in arrears.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</font><a name="EffectsOnRightsOfCurrentPreferred_123838"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:justify;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Previously,
the Series&nbsp;II Certificate of Designation provided that, if dividends were
in arrears on the Series&nbsp;II Class&nbsp;B Stock, there were certain
prohibitions on acquisitions for consideration by the Company of stock ranking
junior to the Series&nbsp;II Class&nbsp;B Stock except on certain terms.&#160; One of the limitations included that no
acquisitions for consideration could be made unless the acquisition involved
the acquisition of all of the Series&nbsp;II Class&nbsp;B Stock (upon a 50%
vote) or unless the Series&nbsp;II Class&nbsp;B Stock was converted into or
exchanged into stock of the Company ranking junior to the Series&nbsp;II Class&nbsp;B
Stock as to dividends and upon liquidation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proposed amendment deletes these requirements and includes an addition that
specifically provides that the Company can purchase any of its shares ranking
junior to the Series&nbsp;II Class&nbsp;B Preferred Stock (including Common
shares) on any terms it fixes, even where a dividend upon shares of Series&nbsp;II
Class&nbsp;B Preferred Stock is in </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">arrears, so long as:&#160; (A)&nbsp;the cash assets of the Company as of
its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if the
cash assets of the Company as of its latest reporting period was less than
$40,000,000, the amount of funds utilized to purchase such shares within the
next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly,
if the amendment is approved, it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;II Class&nbsp;B shareholders their accrued
dividends before the Company buys other shares, including shares of Common
Stock.&#160; The Company is not yet committed
to a stock repurchase program.&#160; As such,
we cannot predict any additional effects of the approval of this amendment
other than it would mean that the Company would no longer be legally bound to
pay the Series&nbsp;II Class&nbsp;B shareholders their accrued dividends before
the Company buys other shares, including shares of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, the Board is currently considering a stock
purchase plan.&#160; The Company&#146;s stock is
trading at or near all time lows.&#160; Given
the current market and our Common stock&#146;s current low prices, we believe it may
be an opportune time to purchase our Common Stock on the open market and that
such action would likely be beneficial to both the Company and its existing
shareholders.&#160; As of July&nbsp;31, 2009,
our Common Stock price was $0.88 per share.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A stock repurchase program would be anti-dilutive to
existing shareholders. Reducing dilution increases shareholder value per share.
A stock repurchase would result in fewer shares outstanding, resulting in each
share being allocated a larger portion of the Company&#146;s assets.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
we believe the ability to purchase shares may discourage stock manipulation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
a stock repurchase program would publicize our confidence in our future, which
may discourage selling and, hopefully, result in an increased price for our
Common shares.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We believe it is advisable for Management to have the
authority to purchase shares of stock without having to pay all accrued and
past due dividends first.&#160; It may be
advisable to engage in a stock purchase program in the future.&#160; However, even if the Company does enter into
a stock repurchase program, there is no guarantee that such action will result
in a temporary or long-term change in our stock price.&#160; Our stock price does not always correspond
with actions taken which, in our view, should increase the stock price.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE AMENDMENT
OF THE SERIES II CERTIFICATE OF DESIGNATION.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL
NO. 3</font></b><a name="ProposalNo_3_123842"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
AMENDMENT OF THE SERIES III CERTIFICATE OF DESIGNATION</font></b></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION</font><a name="Introduction_123844"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
is proposing approval of an amendment of the Series&nbsp;III Certificate of
Designation as set forth in Appendix C hereto which includes the following
marked changes to Section&nbsp;2 as well as conforming changes throughout the
document:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. Dividend
Arrearage. If a dividend upon any shares of Series&nbsp;III Class&nbsp;B
Preferred Stock is in arrears, all dividends or other distributions declared
upon shares of the Series&nbsp;III Class&nbsp;B Preferred Stock (other than
dividends paid in stock of the Corporation ranking junior to the Series&nbsp;III
Class&nbsp;B Preferred Stock as to dividends and upon liquidation, dissolution
or winding up) may only be declared pro rata. Except as set forth above, if a
dividend upon any shares of Series&nbsp;III Class&nbsp;B Preferred Stock is in
arrears: (i)&nbsp;no dividends (in cash, stock or other property) may be paid
or declared and set aside for payment <strike>or any other distribution made</strike>
upon any stock of the Corporation ranking junior to the Series&nbsp;III Class&nbsp;B
Preferred Stock as to dividends (other than dividends of distributions in stock
of the Corporation ranking junior to the Series&nbsp;III Class&nbsp;B Preferred
Stock as to dividends and upon </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">liquidation,
dissolution or winding up); and (ii)&nbsp;no <u>preferred</u> stock of the
Corporation ranking junior to the Series&nbsp;III Class&nbsp;B Preferred Stock
as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a sinking fund or
otherwise, except (1)&nbsp;by means of redemption pursuant to which all
outstanding shares of the Series&nbsp;III Class&nbsp;B Preferred Stock are
redeemed, or (2)&nbsp;by conversion of any such junior stock into, or exchange
of any such junior stock into, or exchange of any such junior stock for stock
of the Corporation ranking junior to the Series&nbsp;III Class&nbsp;B Preferred
Stock as to dividends and upon liquidation, dissolution or winding up<strike>, or (B)&nbsp;purchased
or otherwise acquired for any consideration by the Corporation except (1)&nbsp;pursuant
to an acquisition made pursuant to the terms of one or more offers to purchase
all of the outstanding shares of the Series&nbsp;III Class&nbsp;B Preferred
Stock, which offers shall each have been accepted by the holders of at least
50% of the shares of the Series&nbsp;III Class&nbsp;B Preferred Stock receiving
such offer outstanding at the commencement of the first of such purchase
offers, or (2)&nbsp;by conversion into or exchange for stock of the Corporation
ranking junior to the Series&nbsp;III Class&nbsp;B Preferred Stock as to
dividends and upon liquidation or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;III Class&nbsp;B Preferred
Stock (including Common shares) on any terms it fixes, even where a dividend
upon shares of Series&nbsp;III Class&nbsp;B Preferred Stock is in arrears, so
long as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or
(B)&nbsp;if the cash assets of the Corporation as of its latest reporting
period was less than $40,000,000, the amount of funds utilized to purchase such
shares within the next quarter does not exceed 25% of the value of the cash
assets as of the previous reporting period.</u>&#160;
</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If approved, the
amendment will allow the Company to purchase shares of stock ranking junior to
the Series&nbsp;III Stock (including Common Stock).&#160; The Board of Directors believes that having
the ability to purchase stock (without necessarily first paying dividends) is a
beneficial tool that it should have to maximize shareholder value and that the
purchase of shares from time to time (when the Board determines such actions
are prudent) would be a beneficial action for both the Company and the existing
shareholders.&#160; <b>The amendment, if approved, will not alter the Company&#146;s obligations to
accrue and, when authorized by the Board of Directors, pay, past due dividends
under the Series&nbsp;III Certificate of Designation.</b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENT STATUS OF SERIES III CLASS&nbsp;B STOCK</font><a name="CurrentStatusOfSeriesIiiClassbSto_201238"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of July&nbsp;31, 2009, there were 130,245 shares of
Series&nbsp;III Class&nbsp;B Stock outstanding.&#160;
As of the six months ended June&nbsp;30, 2009, the total amount of
dividends in arrears on the Series&nbsp;III Class&nbsp;B Stock was $3,180,666.09.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

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</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REASON
FOR THE AMENDMENT<a name="ReasonForTheAmendment_121359"></a></font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company is considering purchasing its Common Stock from time to time pursuant
to a stock repurchase program, when and if the Board of Directors determines it
is appropriate.&#160; The amendment which we
are proposing is necessary in order to effectuate a stock purchase plan while
dividends are in arrears.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</font><a name="EffectsOnRightsOfCurrentPreferred_121400"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Previously,
the Series&nbsp;III Certificate of Designation provided that, if dividends were
in arrears on the Series&nbsp;III Class&nbsp;B Stock, there were certain
prohibitions on acquisitions for consideration by the Company of stock ranking
junior to the Series&nbsp;III Class&nbsp;B Stock except on certain terms.&#160; One of the limitations included that no
acquisitions for consideration could be made unless the acquisition involved
the acquisition of all of the Series&nbsp;III Class&nbsp;B Stock (upon a 50%
vote) or unless the Series&nbsp;III Class&nbsp;B Stock was converted into or
exchanged into stock of the Company ranking junior to the Series&nbsp;III Class&nbsp;B
Stock as to dividends and upon liquidation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proposed amendment deletes these requirements and includes an addition that
specifically provides that the Company can purchase any of its shares ranking
junior to the Series&nbsp;III Class&nbsp;B Preferred Stock (including Common
shares) on any terms it fixes, even where a dividend upon shares of Series&nbsp;III
Class&nbsp;B Preferred Stock is in arrears, so long as:&#160; (A)&nbsp;the cash assets of the Company as of
its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if the
cash assets of the Company as of its latest reporting period was less than
$40,000,000, the amount of funds utilized to purchase such shares within the
next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly,
if the amendment is approved, it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;III Class&nbsp;B shareholders their
accrued dividends before the Company buys other shares, including shares of
Common Stock.&#160; The Company is not yet
committed to a stock repurchase program.&#160;
As such, we cannot predict any additional effects of the approval of
this amendment other than it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;III Class&nbsp;B shareholders their
accrued dividends before the Company buys other shares, including shares of
Common Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, the Board is currently considering a stock
purchase plan.&#160; The Company&#146;s stock is
trading at or near all time lows.&#160; Given
the current market and our Common stock&#146;s current low prices, we believe it may
be an opportune time to purchase our Common Stock on the open market and that
such action would likely be beneficial to both the Company and its existing
shareholders.&#160; As of July&nbsp;31, 2009,
our Common Stock price was $0.88 per share.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A stock repurchase program would be anti-dilutive to
existing shareholders. Reducing dilution increases shareholder value per share.
A stock repurchase would result in fewer shares outstanding, resulting in each
share being allocated a larger portion of the Company&#146;s assets.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
we believe the ability to purchase shares may discourage stock manipulation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
a stock repurchase program would publicize our confidence in our future, which
may discourage selling and, hopefully, result in an increased price for our
Common shares.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
believe it is advisable for Management to have the authority to purchase shares
of stock without having to pay all accrued and past due dividends first.&#160; It may be advisable to engage in a stock
purchase program in the future.&#160; However,
even if the Company does enter into a stock repurchase program, there is no
guarantee that such action will result in a temporary or long-term change in
our stock price.&#160; Our stock price does
not always correspond with actions taken which, in our view, should increase
the stock price.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE AMENDMENT
OF THE SERIES III CERTIFICATE OF DESIGNATION.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL
NO. 4</font></b></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
AMENDMENT OF THE SERIES IV CERTIFICATE OF DESIGNATION</font></b><a name="ProposalNo_4TheAmendmentOfTheSeri_121415"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION</font><a name="Introduction_121420"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
is proposing approval of an amendment of the Series&nbsp;IV Certificate of
Designation as set forth in Appendix D hereto which includes the following
marked changes to Section&nbsp;2 as well as conforming changes throughout the
document:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. Dividend
Arrearage. If a dividend upon any shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock is in arrears, all dividends or other distributions declared
upon shares of the Series&nbsp;IV Class&nbsp;B Preferred Stock (other than
dividends paid in stock of the Corporation ranking junior to the Series&nbsp;IV
Class&nbsp;B Preferred Stock as to dividends and upon liquidation, dissolution
or winding up) may only be declared pro rata. Except as set forth above, if a
dividend upon any shares of Series&nbsp;IV Class&nbsp;B Preferred Stock is in
arrears: (i)&nbsp;no dividends (in cash, stock or other property) may be paid
or declared and set aside for payment <strike>or any other distribution made</strike> upon
any stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends (other than dividends of distributions in stock
of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B Preferred
Stock as to dividends and upon liquidation, dissolution or winding up); and (ii)&nbsp;no
<u>preferred</u> stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a
sinking fund or otherwise, except (1)&nbsp;by means of redemption pursuant to
which all outstanding shares of the Series&nbsp;IV Class&nbsp;B Preferred Stock
are redeemed, or (2)&nbsp;by conversion of any such junior stock into, or
exchange of any such junior stock into, or exchange of any such junior stock
for stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up<strike>,
or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Series&nbsp;IV
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;IV Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;IV Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if
the cash assets of the Corporation as of its latest reporting period was less
than $40,000,000, the amount of funds utilized to purchase such shares within
the next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If approved, the
amendment will allow the Company to purchase shares of stock ranking junior to
the Series&nbsp;IV Stock (including Common Stock).&#160; The Board of Directors believes that having
the ability to purchase stock (without necessarily first paying dividends) is a
beneficial tool that it should have to maximize shareholder value and that the
purchase of shares from time to time (when the Board determines such actions
are prudent) would be a beneficial action for both the Company and the existing
shareholders.&#160; <b>The amendment, if approved, will not alter the Company&#146;s obligations to
accrue and, when authorized by the Board of Directors, pay, past due dividends under
the Series&nbsp;IV Certificate of Designation.</b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

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</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENT STATUS OF SERIES IV CLASS&nbsp;B STOCK</font><a name="CurrentStatusOfSeriesIvClassbStoc_201835"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of July&nbsp;31, 2009, there were 552,500 shares of
Series&nbsp;IV Class&nbsp;B Stock outstanding.&#160;
As of the six months ended June&nbsp;30, 2009, the total amount of
dividends in arrears on the Series&nbsp;IV Class&nbsp;B Stock was $7,306,350.40.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REASON FOR THE AMENDMENT</font><a name="ReasonForTheAmendment_121426"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company is considering purchasing its Common Stock from time to time pursuant
to a stock repurchase program, when and if the Board of Directors determines it
is appropriate.&#160; The amendment which we
are proposing is necessary in order to effectuate a stock purchase plan while dividends
are in arrears.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</font><a name="EffectsOnRightsOfCurrentPreferred_121429"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Previously,
the Series&nbsp;IV Certificate of Designation provided that, if dividends were
in arrears on the Series&nbsp;IV Class&nbsp;B Stock, there were certain
prohibitions on acquisitions for consideration by the Company of stock ranking
junior to the Series&nbsp;IV Class&nbsp;B Stock except on certain terms.&#160; One of the limitations included that no
acquisitions for consideration could be made unless the acquisition involved
the acquisition of all of the Series&nbsp;IV Class&nbsp;B Stock (upon a 50%
vote) or unless the Series&nbsp;IV Class&nbsp;B Stock was converted into or
exchanged into stock of the Company ranking junior to the Series&nbsp;IV Class&nbsp;B
Stock as to dividends and upon liquidation.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proposed amendment deletes these requirements and includes an addition that
specifically provides that the Company can purchase any of its shares ranking
junior to the Series&nbsp;IV Class&nbsp;B Preferred Stock (including Common
shares) on any terms it fixes, even where a dividend upon shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock is in arrears, so long as:&#160; (A)&nbsp;the cash assets of the Company as of
its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if the
cash assets of the Company as of its latest reporting period was less than
$40,000,000, the amount of funds utilized to purchase such shares within the
next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly,
if the amendment is approved, it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;IV Class&nbsp;B shareholders their accrued
dividends before the Company buys other shares, including shares of Common
Stock. The Company is not yet committed to a stock repurchase program.&#160; As such, we cannot predict any additional
effects of the approval of this amendment other than it would mean that the Company
would no longer be legally bound to pay the Series&nbsp;IV Class&nbsp;B
shareholders their accrued dividends before the Company buys other shares,
including shares of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, the Board is currently considering a stock
purchase plan.&#160; The Company&#146;s stock is
trading at or near all time lows. Given the current market and our Common stock&#146;s
current low prices, we believe it may be an opportune time to purchase our
Common Stock on the open market and that such action would likely be beneficial
to both the Company and its existing shareholders.&#160; As of July&nbsp;31, 2009, our Common Stock
price was $0.88 per share.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A stock repurchase program would be anti-dilutive to
existing shareholders. Reducing dilution increases shareholder value per share.
A stock repurchase would result in fewer shares outstanding, resulting in each
share being allocated a larger portion of the Company&#146;s assets.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
we believe the ability to purchase shares may discourage stock manipulation.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
a stock repurchase program would publicize our confidence in our future, which
may discourage selling and, hopefully, result in an increased price for our
Common shares.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
believe it is advisable for Management to have the authority to purchase shares
of stock without having to pay all accrued and past due dividends first.&#160; It may be advisable to engage in a stock
purchase program in the future.&#160; However,
even if the Company does enter into a stock repurchase program, there is no
guarantee that such action will result in a temporary or long-term change in
our stock price.&#160; Our stock price does
not always correspond with actions taken which, in our view, should increase
the stock price.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE
AMENDMENT OF THE SERIES IV CERTIFICATE OF DESIGNATION.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

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</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL
NO. 5</font></b></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
AMENDMENT OF THE SERIES V CERTIFICATE OF DESIGNATION</font></b><a name="ProposalNo_5TheAmendmentOfTheSeri_121449"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION</font><a name="Introduction_121451"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company
is proposing the approval of an amendment of the Series&nbsp;V Certificate of
Designation as set forth in Appendix E hereto which includes the following
marked changes to Section&nbsp;2 as well as conforming changes throughout the
document:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. Dividend
Arrearage. If a dividend upon any shares of Series&nbsp;V Class&nbsp;B
Preferred Stock is in arrears, all dividends or other distributions declared
upon shares of the Series&nbsp;V Class&nbsp;B Preferred Stock (other than
dividends paid in stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution, or winding
up) may only be declared pro rata. Except as set forth above, if a dividend
upon any shares of Series&nbsp;V Class&nbsp;B Preferred Stock is in arrears: (i)&nbsp;no
dividends (in cash, stock, or other property) may be paid or declared and set
aside for payment or <strike>any other distribution made</strike> upon any stock of the
Corporation ranking junior to the Series&nbsp;V Class&nbsp;B Preferred Stock as
to dividends (other than dividends of distributions in stock of the Corporation
ranking junior to the Series&nbsp;V Class&nbsp;B Preferred Stock as to
dividends and upon liquidation, dissolution, or winding up); and (ii)&nbsp;no <u>preferred</u>
stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a
sinking fund or otherwise, except (1)&nbsp;by means of redemption pursuant to
which all outstanding shares of the Series&nbsp;V Class&nbsp;B Preferred Stock
are redeemed, or (2)&nbsp;by conversion of any such junior stock into, or
exchange of any such junior stock into, or exchange of any such junior stock
for stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution, or winding
up<strike>, or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the terms
of one or more offers to purchase all of the outstanding shares of the Series&nbsp;V
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;V Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;V Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;V Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if
the cash assets of the Corporation as of its latest reporting period was less than
$40,000,000, the amount of funds utilized to purchase such shares within the
next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</u>  </font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If approved, the amendment will allow the Company to
purchase shares of stock ranking junior to the Series&nbsp;V Stock (currently
only Common Stock).&#160; The Board of
Directors believes that having the ability to purchase stock (without
necessarily first paying dividends) is a beneficial tool that it should have to
maximize shareholder value and that the purchase of shares from time to time
(when the Board determines such actions are prudent) would be a beneficial
action for both the Company and the existing shareholders.&#160; <b>The
amendment, if approved, will not </b></font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">alter
the Company&#146;s obligations to accrue and, when authorized by the Board of
Directors, pay, past due dividends under the Series&nbsp;V Certificate of
Designation.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CURRENT STATUS OF SERIES V CLASS&nbsp;B STOCK</font><a name="CurrentStatusOfSeriesVClassbStock_201838"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of July&nbsp;31, 2009, there were 1,238,821 shares
of Series&nbsp;V Class&nbsp;B Stock outstanding.&#160; As of the six months ended June&nbsp;30,
2009, the total amount of dividends in arrears on the Series&nbsp;V Class&nbsp;B
Stock was $3,495,169.38.</font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">REASON FOR THE AMENDMENT</font><a name="ReasonForTheAmendment_121456"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company is considering purchasing its Common Stock
from time to time pursuant to a stock repurchase program, when and if the Board
of Directors determines it is appropriate.&#160;
The amendment which we are proposing is necessary in order to effectuate
a stock purchase plan while dividends are in arrears.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EFFECTS ON RIGHTS OF CURRENT PREFERRED SHAREHOLDERS</font><a name="EffectsOnRightsOfCurrentPreferred_121502"></a></h2>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Previously,
the Series&nbsp;V Certificate of Designation provided that, if dividends were
in arrears on the Series&nbsp;V Class&nbsp;B Stock, there were certain
prohibitions on acquisitions for consideration by the Company of stock ranking
junior to the Series&nbsp;V Class&nbsp;B Stock except on certain terms.&#160; One of the limitations included that no
acquisitions for consideration could be made unless the acquisition involved
the acquisition of all of the Series&nbsp;V Class&nbsp;B Stock (upon a 50%
vote) or unless the Series&nbsp;V Class&nbsp;B Stock was converted into or
exchanged into stock of the Company ranking junior to the Series&nbsp;V Class&nbsp;B
Stock as to dividends and upon liquidation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The proposed amendment deletes these requirements and
includes an addition that specifically provides that the Company can purchase
any of its shares ranking junior to the Series&nbsp;V Class&nbsp;B Preferred
Stock (currently only Common shares) on any terms it fixes, even where a
dividend upon shares of Series&nbsp;V Class&nbsp;B Preferred Stock is in
arrears, so long as:&#160; (A)&nbsp;the cash
assets of the Company as of its latest reporting period equals or exceeds
$40,000,000 or (B)&nbsp;if the cash assets of the Company as of its latest
reporting period was less than $40,000,000, the amount of funds utilized to
purchase such shares within the next quarter does not exceed 25% of the value
of the cash assets as of the previous reporting period.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Accordingly, if the amendment is approved, it would
mean that the Company would no longer be legally bound to pay the Series&nbsp;V
Class&nbsp;B shareholders their accrued dividends before the Company buys shares
of Common Stock.&#160; The Company is not yet
committed to a stock repurchase program.&#160;
As such, we cannot predict any additional effects of the approval of
this amendment other than it would mean that the Company would no longer be
legally bound to pay the Series&nbsp;V Class&nbsp;B shareholders their accrued
dividends before the Company buys other shares of Common Stock.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, the Board is currently considering a stock
purchase plan.&#160; The Company&#146;s stock is
trading at or near all time lows.&#160; Given
the current market and our Common stock&#146;s current low prices, we believe it may
be an opportune time to purchase our Common Stock on the open market and that
such action would likely be beneficial to both the Company and its existing
shareholders.&#160; As of July&nbsp;31, 2009,
our Common Stock price was $0.88 per share.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A stock repurchase program would be anti-dilutive to
existing shareholders. Reducing dilution increases shareholder value per share.
A stock repurchase would result in fewer shares outstanding, resulting in each
share being allocated a larger portion of the Company&#146;s assets.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
we believe the ability to purchase shares may discourage stock manipulation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further,
a stock repurchase program would publicize our confidence in our future, which
may discourage selling and, hopefully, result in an increased price for our
Common shares.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We
believe it is advisable for Management to have the authority to purchase shares
of stock without having to pay all accrued and past due dividends first.&#160; It may be advisable to engage in a stock
purchase program in the future.&#160; However,
even if the Company does enter into a stock repurchase program, there is no
guarantee that such action will result in a temporary or long-term change in
our stock price.&#160; Our stock price does
not always correspond with actions taken which, in our view, should increase
the stock price.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE
AMENDMENT OF THE SERIES V CERTIFICATE OF DESIGNATION.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS</font></b><a name="SecurityOwnershipOfCertainBenefic_121510"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth certain information regarding the beneficial
ownership of our capital stock as of July&nbsp;31, 2009, for each person known
by us to own beneficially 5 percent or more of the voting capital stock.&#160; Except pursuant to applicable community
property laws, each shareholder identified in the table possesses sole voting
and investment power with respect to his or her shares, except as noted below.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of Class</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="41%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.34%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name and Address of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Beneficial Owner</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="19%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount and<br>
  Nature of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Beneficial<br>
  Ownership</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Percent of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Class</font></b><b><font size="1" style="font-size:5.0pt;font-weight:bold;position:relative;top:-2.0pt;">(1)</font></b></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:19.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:11.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(2)</font><font size="2" style="font-size:10.0pt;"><br>
  </font><font size="2" style="font-size:10.0pt;">511 Lobo Lane</font><font size="2" style="font-size:10.0pt;"><br>
  </font><font size="2" style="font-size:10.0pt;">P.O.&nbsp;Box 9<br>
  Little Elm, TX 75068-0009</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,580,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54.2</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suzanne M. August</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(3)</font><font size="2" style="font-size:10.0pt;"><br>
  5310 Buena Vista Drive<br>
  Frisco, TX 75034</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,800,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.4</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lillian E. Salerno</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(4)</font><font size="2" style="font-size:10.0pt;"><br>
  432 Edwards</font><font size="2" style="font-size:10.0pt;"><br>
  </font><font size="2" style="font-size:10.0pt;">Lewisville, TX
  75067</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,068,500</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.7</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signia Capital Management, LLC</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(5)</font><font size="2" style="font-size:10.0pt;"><br>
  108 N. Washington St., Ste. 305<br>
  Spokane, Washington 99201</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,941,861</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.2</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lloyd I. Miller,&nbsp;III</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(6)</font><font size="2" style="font-size:10.0pt;"><br>
  4550 Gordon Drive<br>
  Naples, FL 34102</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,273,600</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Class&nbsp;B Stock</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.5</font></p>
  </td>
  <td width="4%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lillian E.
  Salerno</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.98%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12,500</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.52%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The percentages of Common Stock are
based on 26,917,564 shares of Common Stock equivalents consisting of 23,800,064
shares of Common Stock outstanding; 92,500 shares of Preferred Stock
convertible by the above persons and options for the purchase of 3,025,000
shares with 3,000,000 obtainable beginning on July&nbsp;15, 2010, and 25,000 obtainable
immediately.&#160; The percentages of Class&nbsp;B
Stock are based on 2,285,266 shares of Class&nbsp;B Stock outstanding.&#160; The grant of the option for the purchase of
3,000,000 shares is subject to shareholder approval at the 2009 Annual
Meeting.&#160; If not approved the option
shall terminate.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,000,000 of the shares identified as
Common Stock are shares acquirable through the exercise of a stock option
beginning on July&nbsp;15, 2010. The grant of the option for the purchase of
3,000,000 shares is subject to </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shareholder approval at the 2009 Annual Meeting.&#160; If not approved the option shall
terminate.&#160; 80,000 of the shares
identified as Common Stock are preferred shares which are eligible for
conversion into Common Stock.&#160; 2,800,000
of the shares are owned by Ms.&nbsp;Suzanne August&nbsp;(see footnote 3) but
are controlled by Mr.&nbsp;Shaw, pursuant to a Voting Agreement.&#160; These shares are permanently controlled by Mr.&nbsp;Shaw
until such time as they are sold by Ms.&nbsp;August.&#160; These shares are included in calculating Mr.&nbsp;Shaw&#146;s
Common Stock equivalents and percentages in the above table.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Ms.&nbsp;August&#146;s 2,800,000 shares
are controlled by Mr.&nbsp;Thomas J. Shaw, pursuant to a Voting Agreement.&#160; See footnote 2 for a more detailed
explanation.&#160; Accordingly, they are also
included in the Common Stock equivalents and percentages for Thomas Shaw in the
above table.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 12,500
of the shares identified as Common Stock are Series&nbsp;V Class&nbsp;B preferred
shares which are eligible for conversion into Common Stock and 25,000 shares
identified as Common Stock are shares which are obtainable by the exercise of
options.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The number of shares held by this
entity was obtained from a Schedule 13G/A filed on February&nbsp;13, 2009.&#160; Pursuant to the Schedule 13G/A, Signia
Capital Management, LLC has sole voting power for 512,122 of the shares and
sole dispositive power for a total of 1,941,861 shares (inclusive of the sole
voting power shares).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The number of shares held by this
person was obtained from a Schedule 13G filed on January&nbsp;30, 2009.&#160; Pursuant to the Schedule 13G, Lloyd I. Miller
has sole voting and dispositive power for 208,300 of the shares, and shared
voting and dispositive power for 1,065,300 shares.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECURITY
OWNERSHIP OF MANAGEMENT AND DIRECTORS</font></b><a name="SecurityOwnershipOfManagementAndD_121516"></a></h1>

<h1 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth certain information regarding the beneficial
ownership of our capital stock as of July&nbsp;31, 2009, for each Named
Executive Officer specified by Item 402 of Regulation S-K (i.e., our CEO, CFO,
and three other highest paid officers) and Director of the Company.&#160; Except pursuant to applicable community
property laws or as otherwise discussed below, each shareholder identified in
the table possesses sole voting and investment power with respect to his or her
shares.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="87%" style="border-collapse:collapse;width:87.0%;">
 <tr>
  <td width="31%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of Class</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="36%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name of<br>
  Beneficial Owner</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount and</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Nature of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Beneficial</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Ownership</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Percent of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Class</font></b><b><font size="1" style="font-size:6.5pt;font-weight:bold;position:relative;top:-3.0pt;">(1)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:14.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a Group</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Named Executive
  Officers and Directors</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,887,650</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56.4</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As Individuals</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(2)</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,580,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51.8</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Marwan Saker</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(3)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">445,500</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.6</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clarence Zierhut</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(4)</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72,500</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Douglas W. Cowan</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(5)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">200,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Steven R. Wisner</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(6)</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">129,200</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Russell B. Kuhlman</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(7)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">89,450</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(8)</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">261,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Marco Laterza</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(9)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amy Mack</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">(10)</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;1</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Class&nbsp;B Stock</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a Group</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Named Executive Officers
  and Directors</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">435,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.0</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="87%" style="border-collapse:collapse;width:87.0%;">
 <tr>
  <td width="31%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of Class</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="36%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name of<br>
  Beneficial Owner</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount and</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Nature of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Beneficial</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Ownership</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Percent of</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>
  </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Class</font></b><b><font size="1" style="font-size:5.0pt;font-weight:bold;position:relative;top:-2.0pt;">(1)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As Individuals</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80,000</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.5</font></p>
  </td>
  <td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Marwan Saker</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in 0in 0in 0in;width:14.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">355,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.5</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
percentages of Common Stock are based on 28,150,714 shares of Common Stock
equivalents consisting of 23,800,064 shares of Common Stock outstanding;
435,000 shares of Preferred Stock convertible by the above persons and options
for the purchase of 3,915,650 shares of Common Stock obtainable by the above
persons with 212,500 shares obtainable immediately; 403,700 obtainable
beginning in November 2009 and the remainder obtainable beginning July 2010.
The percentages of Class&nbsp;B stock are based on 2,285,266 shares of Class&nbsp;B
Stock outstanding.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 80,000
of the shares identified as Common Stock are preferred shares which are
eligible for conversion into Common Stock. 3,000,000 of the shares identified
as Common Stock are shares acquirable through the exercise of a stock option
beginning on July&nbsp;15, 2010. The grant of the option for the purchase of
3,000,000 shares is subject to shareholder approval at the 2009 Annual
Meeting.&#160; If not approved the option
shall terminate.&#160; 2,800,000 of the shares
are Common Stock shares owned by Ms.&nbsp;Suzanne August&nbsp;but are
controlled by Mr.&nbsp;Shaw, pursuant to a Voting Agreement.&#160; These shares are permanently controlled by Mr.&nbsp;Shaw
until such time as they are sold by Ms.&nbsp;August.&#160; These shares are included in calculating Mr.&nbsp;Shaw&#146;s
Common Stock equivalents and percentages in the above table.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 355,000
shares identified as Common Stock are preferred shares which are eligible for
conversion into Common Stock. The shares are held as follows: Saker Investments
holds 15,500 shares of Series&nbsp;IV Class&nbsp;B Convertible Preferred Stock
and 25,000 shares of Series&nbsp;V Class&nbsp;B Convertible Preferred Stock,
Sovana Cayman Islands,&nbsp;Inc. holds 300,000 shares of Series&nbsp;IV Class&nbsp;B
Convertible Preferred Stock, and My Investments holds 14,500 shares of Series&nbsp;IV
Class&nbsp;B Convertible Preferred Stock. Mr.&nbsp;Saker is an Officer or
Director and shareholder for each of these companies. The remaining 90,500
shares identified as Common Stock are shares currently obtainable through the
exercise of options held by Mr.&nbsp;Saker.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 62,500 of these shares identified as
Common Stock are shares acquirable by the exercise of stock options.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 102,000
of these shares identified as Common Stock are shares acquirable by the
exercise of stock options beginning in November and the remainder vest in July
2010.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 100,700
of these shares identified as Common Stock are shares acquirable by the
exercise of stock options beginning in November and options for the purchase of
23,500 shares vest in July 2010.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 63,450
of these shares identified as Common Stock are shares acquirable by the
exercise of stock options beginning in November and options for the purchase of
25,000 vest in July 2010.</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(8)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 97,050
of these shares identified as Common Stock are shares acquirable by the
exercise of stock options beginning in November and options for the purchase of
152,950 shares vest in July 2010.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(9)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">50,000 of these shares identified as Common
Stock are shares acquirable by the exercise of stock options immediately.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(10)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">These shares identified as Common Stock
are shares acquirable by the exercise of stock options immediately.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are no
arrangements, the operation of which would result in a change in control of the
Company, other than:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. Ms.&nbsp;August&#146;s
shares shall cease to be controlled by Mr.&nbsp;Shaw under their Voting
Agreement upon their sale to a third party; and</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. Mr.&nbsp;Shaw was granted an option for the
purchase of 3,000,000 shares of Common Stock subject to shareholder approval at
the 2009 Annual Meeting.&#160; In the event
such grant is approved by the shareholders, Mr.&nbsp;Shaw will be able to
control 54.2% of the currently outstanding shares of the Common Stock and would
control 44.6% of the Common Stock assuming the exercise of all outstanding
options and conversion of all outstanding preferred shares and convertible
loans.</font></p>



<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INCORPORATION BY REFERENCE OF OTHER
INFORMATION IN THIS PROXY STATEMENT</font></b><a name="IncorporationByReferenceOfOtherIn_201813"></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Proxy Statement incorporates by reference the
following sections of the Company&#146;s Form&nbsp;10-K filed on March&nbsp;31,
2009: </font></p>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 8</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Financial Statements and Supplementary
Data</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 7</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Management&#146;s Discussion and Analysis of
Financial Condition and Results of Operations</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 9</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Changes in and Disagreements With
Accountants on Accounting and Financial Disclosure; and</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 7A</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Quantitative and Qualitative Disclosures
About Market Risk.</font></p>



<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Proxy Statement also incorporates by reference Part&nbsp;I of the Company&#146;s Form&nbsp;10-Q
filed on August&nbsp;14, 2009.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix A</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" valign="top" style="padding:0in 0in 0in 0in;width:76.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FILED</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="padding:0in 0in 0in 0in;width:76.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Office of the</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="padding:0in 0in 0in 0in;width:76.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary of State of
  Texas</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="padding:0in 0in 0in 0in;width:76.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;15, 1996</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" valign="top" style="padding:0in 0in 0in 0in;width:76.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations Section</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED</font></u><font size="2" style="font-size:10.0pt;"> CERTIFICATE OF DESIGNATION, PREFERENCES</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RIGHTS AND
LIMITATIONS OF <u>SERIES I</u> CLASS&nbsp;B</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONVERTIBLE
PREFERRED STOCK</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE
TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to Article&nbsp;2.13 of the Texas Business Corporation Act and Article&nbsp;Four
of its Articles of Incorporation, <u>as amended (the &#147;Articles of Incorporation&#148;)</u>,
Retractable Technologies,&nbsp;Inc., a corporation organized and existing under
the laws of the State of Texas (the Corporation),</font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DOES
HEREBY CERTIFY that pursuant to the authority conferred upon the Board of
Directors of the Corporation by the Articles of Incorporation, as amended, and
pursuant to Article&nbsp;2.13 of the Texas Business Corporation Act, said Board
of Directors, by unanimous written consent executed May&nbsp;10, 1995, adopted
a resolution providing for the creation of a series of Preferred Stock consisting
of not more than five million (5,000,000) shares of <u>Series I</u> Class&nbsp;B
Convertible Preferred Stock, which resolution is and reads as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESOLVED
that, pursuant to the authority provided in the Corporation&#146;s Articles of
Incorporation and expressly granted to and vested in the Board of Directors of
Retractable Technologies,&nbsp;Inc. (the &#147;Corporation&#148;), the Board of Directors
hereby creates out of the Preferred Stock, par value one dollar per share, of
the Corporation a series of <u>Series I</u> Class&nbsp;B Preferred Stock
consisting of not more than five million (5,000,000) shares, and the Board of
Directors hereby fixes the designation and the powers, preference and rights,
and the qualifications, limitations and restrictions thereof, to the extent not
otherwise provided in the Corporation&#146;s qualifications, limitations and
restrictions thereof, to the extent not otherwise provided in the Corporation&#146;s
Articles of Incorporation, as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. <u>Designation
of Series</u>. The designation of the series of Preferred Stock created by this
resolution shall be &#147;<u>Series I</u> Class&nbsp;B Convertible Preferred Stock&#148;
(the &#147;Class&nbsp;B Preferred Stock&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. <u>Dividends on Class&nbsp;B
Preferred Stock</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Dividend
Amount</u>. The holders of the Class&nbsp;B Preferred Stock shall be entitled
to receive, in any calendar year, if, when and as declared by the Board of
Directors, out of any assets at the time legally available therefor and subject
to the further limitations set out herein, dividends at the per annum rate of
$0.50 per share, all such dividends due quarterly in arrears as of the last day
of each March, June, September&nbsp;and December&nbsp;of each year, the first
dividend being declarable on December&nbsp;31, 1996. On each date which a
dividend may be declared is hereafter called the &#147;Dividend Date,&#148; and each
quarterly period ending with a Dividend Date is hereinafter referred to as the &#147;Dividend
Period.&#148; Dividends shall be payable fifteen calendar days after the Dividend
Due Date, provided however, that if such date on which a dividend is payable is
a Saturday, Sunday or legal holiday, such dividend shall be payable on the next
following business day to the holders of record (whether singular or plural,
the &#147;Holder&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Dividends
Cumulative</u>. Dividends upon the Class&nbsp;B Preferred Stock shall be
accrued and be cumulative, whether or not in any Dividend Period or Periods
there shall be funds of the Corporation legally available for the payment of
such dividends.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c. <u>Dividend
Accrual</u>. On each Dividend Due Date all dividends which shall have accrued
since the last Dividend Due Date on each share of Class&nbsp;B Preferred Stock
outstanding on such Dividend Due Date shall accumulate and be deemed to become &#147;due.&#148;
Any dividend which shall not be paid on the Dividend Due Date on which it shall
become due shall be deemed to be &#147;past due&#148; until such dividend shall be paid
or until the share of Class&nbsp;B Preferred Stock with respect to which such
dividend became due shall no longer be outstanding, whichever </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">is the earlier to occur.
No interest, sum of money in lieu of interest or other property or securities
shall be payable in respect of any dividend payment or payments which are past
due. Dividends paid on shares of Class&nbsp;B Preferred Stock in an amount less
than the total amount of such dividends at the time accumulated and payable on
such shares shall be allocated pro rata on a share-by-share basis among all
such shares at the time outstanding. Dividend payments made with respect to a
Dividend Due Date shall be deemed to be made in payment of the dividends which
became due on that Dividend Due Date.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Dividend
Arrearage</u>. If a dividend upon any shares of Class&nbsp;B Preferred Stock is
in arrears, all dividends or other distributions declared upon shares of the Class&nbsp;B
Preferred Stock (other than dividends paid in stock of the Corporation ranking
junior to the Class&nbsp;B Preferred Stock as to dividends and upon
liquidation, dissolution or winding up) may only be declared pro rata. Except
as set forth above, if a dividend upon any shares of Class&nbsp;B Preferred
Stock is in arrears: (i)&nbsp;no dividends (in cash, stock or other property)
may be paid or declared and set aside for payment <strike>or any other distribution
made</strike> upon any stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends (other than dividends of distributions in stock
of the Corporation ranking junior to the Class&nbsp;B Preferred Stock as to
dividends and upon liquidation, dissolution or winding up); and (ii)&nbsp;no <u>preferred</u>
stock of the Corporation ranking junior to the Class&nbsp;B Preferred Stock as
to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a sinking fund or
otherwise, except (1)&nbsp;by means of redemption pursuant to which all
outstanding shares of the Class&nbsp;B Preferred Stock are redeemed, or (2)&nbsp;by
conversion of any such junior stock into, or exchange of any such junior stock
into, or exchange of any such junior stock for stock of the Corporation ranking
junior to the Class&nbsp;B Preferred Stock as to dividends and upon
liquidation, dissolution or winding up<strike>, or (B)&nbsp;purchased or otherwise
acquired for any consideration by the Corporation except (1)&nbsp;pursuant to
an acquisition made pursuant to the terms of one or more offers to purchase all
of the outstanding shares of the Class&nbsp;B Preferred Stock, which offers
shall each have been accepted by the holders of at least 50% of the shares of
the Class&nbsp;B Preferred Stock receiving such offer outstanding at the
commencement of the first of such purchase offers, or (2)&nbsp;by conversion
into or exchange for stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Class&nbsp;B Preferred Stock (including
Common shares) on any terms it fixes, even where a dividend upon shares of Class&nbsp;B
Preferred Stock is in arrears, so long as:&#160;
(A)&nbsp;the cash assets of the Corporation as of its latest reporting
period equals or exceeds $40,000,000 or (B)&nbsp;if the cash assets of the
Corporation as of its latest reporting period was less than $40,000,000, the
amount of funds utilized to purchase such shares within the next quarter does
not exceed 25% of the value of the cash assets as of the previous reporting
period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. <u>General,
Class&nbsp;and Series&nbsp;Voting Rights</u>. Except as provided in this Section&nbsp;3
and in Section&nbsp;4 hereof or as otherwise from time to time required by law,
the Class&nbsp;B Preferred Stock shall have no voting rights.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any shares of Class&nbsp;B Preferred Stock remain outstanding, the
consent of the holders of at least fifty-one (51%) percent of the shares of Class&nbsp;B
Preferred Stock outstanding at the time voting separately as a class, given in
person or by proxy, either in writing at any special or annual meeting called
for the purpose, shall be necessary to permit, effect or validate any one or
more of the following:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&nbsp;The authorization, creation or issuance, or
any increase in the authorized or issued amount, of any class or series of
stock (including any class or series of Preferred Stock) ranking equal or prior
(as the terms are hereinafter defined in this Section&nbsp;3) to the Class&nbsp;B
Preferred Stock; or</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;The amendment, alteration or repeal, whether
by merger, consolidation or otherwise, of any of the provisions of the Articles
of Incorporation or of this resolution which would alter or change the powers,
preferences or special rights of the shares of the Class&nbsp;B Preferred Stock
so as to affect them adversely; provided, however, that any increase in the
amount of authorized Preferred Stock, or the creation and issuance of other
series of Preferred Stock ranking junior to the Class&nbsp;B Preferred Stock
with respect to the payment of dividends and the distribution of assets upon
liquidation, dissolution or winding up, shall not be deemed to adversely affect
such powers, preferences or special rights.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing voting provisions shall not apply if, at or prior to the time when
the act with respect to which such vote would otherwise be required shall be
effected, all outstanding shares of Class&nbsp;B Preferred Stock shall have
been redeemed or sufficient funds shall have been deposited in trust to effect
such redemption.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-2</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4. <u>Redemption</u>.
The outstanding shares of Class&nbsp;B Preferred Stock shall be nonredeemable
prior to the lapse of three (3)&nbsp;years from the date of issuance. On and
after such date, the Class&nbsp;B Preferred Stock may be redeemed at the option
of the Corporation, as a whole at any time or in part from time to time, at the
Redemption Price of $7.50 per share plus all dividends (whether or not declared
or due) accrued and unpaid to the date of redemption (subject to the right of
the holder of record of shares of Class&nbsp;B Preferred Stock on a record date
for the payment of a dividend on the Class&nbsp;B Preferred Stock to receive
the dividend due on such shares of Class&nbsp;B Preferred Stock on the
corresponding Dividend Due Date).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No
sinking fund shall be established for the Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice
of any proposed redemption of shares of Class&nbsp;B Preferred Stock shall be
mailed by means of first class mail, postage paid, addressed to the holders of
record of the shares of Class&nbsp;B Preferred Stock to be redeemed, at their
respective addresses then appearing on the books of the Corporation, at least
thirty (30) but not more than sixty (60) days prior to the date fixed for such
redemption (herein referred to as the &#147;Redemption Date&#148;). Each such notice
shall specify (i)&nbsp;the Redemption Date; (ii)&nbsp;the Redemption Price; (iii)&nbsp;the
place for payment and for delivering the stock certificate(s)&nbsp;and transfer
instrument(s)&nbsp;in order to collect the Redemption Price; (iv)&nbsp;the
shares of Class&nbsp;B Preferred Stock to be redeemed; and (v)&nbsp;the then
effective Conversion Price (as defined below) and that the right of holders of
shares of Class&nbsp;B Preferred Stock being redeemed to exercise their
conversion right shall terminate as to such shares at the close of business on
the fifth day before the Redemption Date (provided that no default by the
Corporation in the payment of the applicable Redemption Price&#160; [including any accrued and unpaid dividends]
shall have occurred and be continuing). Any notice mailed in such manner shall
be conclusively deemed to have been duly given whether or not such notice is in
fact received. If less than all the outstanding shares of Class&nbsp;B
Preferred Stock are to be redeemed, the Corporation will select those to be
redeemed by lot or by a substantially equivalent method. In order to facilitate
the redemption of Class&nbsp;B Preferred Stock to be redeemed, which shall not
be more than sixty (60) days prior to the Redemption Date with respect thereto.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
holder of any shares of Class&nbsp;B Preferred Stock redeemed upon any exercise
of the Corporation&#146;s redemption right shall not be entitled to receive payment
of the Redemption Price for such shares until such holder shall cause to be
delivered to the place specified in the notice given with respect to such
redemption (i)&nbsp;the certificate(s)&nbsp;representing such shares of Class&nbsp;B
Preferred Stock; and (ii)&nbsp;transfer instrument(s)&nbsp;satisfactory to the
Corporation and sufficient to transfer such shares of Class&nbsp;B Preferred
Stock to the Corporation free of any adverse interest. No interest shall accrue
on the Redemption Price of any share of Class&nbsp;B Preferred Stock after its
Redemption Date.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to Section 2 hereof</font></strike><font size="2" style="font-size:10.0pt;">
<u>Notwithstanding anything in this Certificate to the contrary</u>, the
Corporation shall have the right to purchase shares of Class&nbsp;B Preferred
Stock from <strike>the</strike>  <u>any</u> owner of such shares on such terms as may be
agreeable to such owner. Shares of Class&nbsp;B Preferred Stock may be acquired
by the Corporation from any stockholder pursuant to this paragraph without
offering any other stockholder an equal opportunity to sell his stock to the
Corporation, and no purchase by the Corporation from any stockholder pursuant
to this paragraph shall be deemed to create any right on the part of any
stockholder to sell any shares of Class&nbsp;B Preferred Stock (or any other
stock) to the Corporation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding
the foregoing provisions of this Section&nbsp;4, and subject to the provisions
of Section&nbsp;2 hereof, if a dividend upon any shares of Class&nbsp;B
Preferred Stock is past due, (i)&nbsp;no shares of the Class&nbsp;B Preferred
Stock may be redeemed, except (A)&nbsp;by means of a redemption pursuant to
which all outstanding shares of the Class&nbsp;B Preferred Stock are
simultaneously redeemed (or offered to be so redeemed) or pursuant to which the
outstanding shares of the Class&nbsp;B Preferred Stock are redeemed on a pro
rata basis (or offered to be so redeemed), or (B)&nbsp;by conversion of shares
of Class&nbsp;B Preferred Stock into, or exchange of such shares for, Common
Stock or any other stock of the Corporation ranking junior to the Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding
up.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5. <u>Liquidation</u>.
In the event of any voluntary or involuntary dissolution, liquidation or
winding up of the Corporation (for the purposes of this Section&nbsp;5, a &#147;Liquidation&#148;),
before any distribution of assets shall be made to the holders of the Common
Stock or the holders of any other stock that ranks junior to the Class&nbsp;B
Preferred Stock in respect of distributions upon the Liquidation of the
Corporation, the holder of each share of Class&nbsp;B Preferred Stock then
outstanding shall be entitled to $6.25 per share plus all dividends (whether or
not declared or due) </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-3</font></p>

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</div>
<!-- SEQ.=1,FOLIO='A-3',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-05.htm',USER='105540',CD='Aug  1 00:21 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">accrued and unpaid on
such share on the date fixed for the distribution of assets of the Corporation
to the holders of Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
upon any Liquidation of the Corporation, the assets available for distribution
to the holder of Class&nbsp;B Preferred Stock which shall then be outstanding
(hereinafter in this paragraph called the &#147;Total Amount Available&#148;) shall be
insufficient to pay the holders of all outstanding shares of Class&nbsp;B
Preferred Stock the full amounts (including all dividends accrued and unpaid)
to which they shall be entitled by reason of such Liquidation of the
Corporation, then there shall be paid ratably to the holders of the Class&nbsp;B
Preferred Stock in connection with such Liquidation of the Corporation, an
amount equal to each holder&#146;s pro rata share of the Total Amount Available.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
voluntary sale, conveyance, lease, exchange or transfer of all or substantially
all the property or assets of the Corporation, or the merger or consolidation
of the Corporation into the Corporation, or any purchase or redemption of some
or all of the shares of any class or series of stock of the Corporation, shall
not be deemed to be a Liquidation of the Corporation for the purposes of this Section&nbsp;5
(unless in connection therewith the Liquidation of the Corporation is
specifically approved).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6. <u>Conversion
Privilege</u>. At any time subsequent to three years after issuance of any
share of Class&nbsp;B Preferred Stock, the holder of any share of Class&nbsp;B
Preferred Stock (&#147;Holder&#148;) shall have the right, at such Holder&#146;s option (but
if such share is called for redemption or exchange at the election of the
Corporation, then in respect of such share only to and including but not after
the close of business on (i)&nbsp;the fifth calendar day before the date fixed
for such redemption; or (ii)&nbsp;the date fixed for such exchange, provided
that the Corporation has set aside funds sufficient to effect such redemption
to convert such share into that number of fully paid and non-assessable shares
of Common Stock (calculated as to each conversion to the nearest 1/100th of a
share) obtained by dividing $5.00 by the Conversion Rate then in effect.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Conversion
Rate</u>. Each share of Class&nbsp;B Preferred Stock may be converted, subject
to the terms and provisions of this paragraph 6 into one (1)&nbsp;share of the
Corporation&#146;s Common Stock, which is a price equal to one share of Common Stock
for each $5.00 of Class&nbsp;B Preferred Stock or, in case an adjustment of
such rate has taken place pursuant to the provisions of subdivision (f.) of
this paragraph (6), then at the Conversion Rate as last adjusted (such rate or
adjusted rate, shall be expressed as the number of shares of Common Stock to be
acquired upon conversion of one share of Class&nbsp;B Preferred Stock, and
shall be referred to herein as the &#147;Conversion Rate&#148;). Each share of Class&nbsp;B
Preferred Stock shall be Convertible into Common Stock by surrender to the
corporation of the certificate representing such shares of Class&nbsp;B
Preferred Stock to be converted by the Holder and by giving written notice to
the Corporation of the Holder&#146;s election to convert.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Corporation shall, as soon as practicable after receipt of such written notice
and the proper surrender to the Corporation of the certificate or certificates
representing shares of Class&nbsp;B Preferred Stock to be converted in
accordance with the above provisions, issue and deliver for the benefit of the
Holder at the office of the Corporation&#146;s duly appointed transfer agent (the &#147;Transfer
Agent&#148;) to the Holder for whose account such shares of Class&nbsp;B Preferred
Stock were so surrendered or to such Holder&#146;s nominee or nominees, certificates
for the number of shares of Common Stock to which the Holder shall be entitled.
The certificates of Common Stock of the Corporation issued upon conversion
shall bear such legends as may be required by state or federal laws. Such
conversion shall be deemed to have been effective immediately prior to the
close of business on the date on which the Corporation shall have received both
such written notice and the properly surrendered certificates for shares of Class&nbsp;B
Preferred Stock to be converted (the &#147;Conversion Date&#148;), and at such time the
rights of the Holder shall cease and the person or persons entitled to receive
the shares of Common Stock issuable upon the conversion of such shares of Class&nbsp;B
Preferred Stock shall be deemed to be, and shall be treated for all purposes
as, the record Holder or Holders of such Common Stock on the Conversion Date.
The Corporation shall not be required to convert, and no surrender of shares of
Class&nbsp;B Preferred Stock or written notice of conversion with respect
thereto shall be effected for that purpose, while the stock transfer books of
the Corporation are closed for any reasonable business purpose for any
reasonable period of time, but the proper surrender of shares of Class&nbsp;B
Preferred Stock for conversion immediately upon the reopening of such books.
During the period in which the stock transfer books of the Corporation are
closed, the Corporation may neither declare a dividend, declare a record date
for payment of dividends nor make any payment of dividends.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-4</font></p>

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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Dividends</u>.
If any shares of Class&nbsp;B Preferred Stock shall be converted during any
dividend payment period, the Holder shall be entitled to all dividends accrued
up to and through such Conversion Date, at the rate set forth herein, whether
or not there has been a Dividend Date, as set forth in paragraph 2 hereof.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c. <u>Cancellation</u>.
Class&nbsp;B Preferred Stock converted into Common Stock pursuant to the
provisions of this paragraph (6), shall be retired and cancelled by the
Corporation and given the status of authorized and unissued preferred stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Reissuance
if Conversion is Partial</u>. In the case of any certificate representing
shares of Class&nbsp;B Preferred Stock which is surrendered for conversion only
in part, the Corporation shall issue and deliver to the Holder a new
certificate or certificates for Class&nbsp;B Preferred Stock of such
denominations as requested by the Holder in the amount of Class&nbsp;B
Preferred Stock equal to the unconverted shares of the Class&nbsp;B Preferred
Stock represented by the certificate so surrendered.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e. <u>Reservations
of Shares</u>. The Corporation shall at all times during which shares of Class&nbsp;B
Preferred Stock may be converted into Common Stock as provided in this
paragraph (e), reserve and keep available, out of any Common Stock held as
treasury stock or out of its authorized and unissued Common Stock, or both,
solely for the purpose of delivery upon conversion of the shares of Class&nbsp;B
Preferred Stock as herein provided, such number of shares of Common Stock as
shall then be sufficient to effect the conversion of all shares of Class&nbsp;B
Preferred Stock from time to time outstanding, and shall take such action as
may from time to time be necessary to ensure that such shares of Common Stock
will, when issued upon conversion of Class&nbsp;B Preferred Stock, be fully
paid and nonassessable.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f. <u>Adjustment
of Conversion Rate</u>. The Conversion Rate provided in subdivision (a)&nbsp;of
this paragraph (6), in respect of Class&nbsp;B Preferred Stock, shall be
subject to adjustments from time to time as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&nbsp;While any shares of Class&nbsp;B Preferred
Stock shall be outstanding, in case the Corporation shall subdivide the
outstanding shares of Common Stock into a greater number of shares of Common
Stock or combine the outstanding shares of Common Stock into a smaller number
of shares of Common Stock, or issue, by reclassification of its shares of
Common Stock, any shares of the Corporation, the Conversion Rate in effect
immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the number of shares which it would have owned or been
entitled to receive after the happening of any of the events described above,
had such shares of Class&nbsp;B Preferred Stock been converted immediately
prior to the happening of such event, such adjustment to become effective
immediately after the opening of business on the day following the day upon
which such subdivision or combination or reclassification, as the case may be,
becomes effective.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;In case the Corporation shall be
consolidated with, or merge into, any other corporation, and the Corporation
does not survive, proper provisions shall be made as a part of the terms of
such consolidation or merger, whereby the Holder shall thereafter be entitled,
upon exercise of such Holder&#146;s conversion rights, to receive the kind and
amount of shares of stock or other securities of the Corporation resulting from
such consolidation or merger, or such other property, as the Holder would have
received if such conversion rights were exercised immediately prior to the
effectiveness of such merger of consolidation.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&nbsp;In the event the Corporation at any time,
or from time to time after June&nbsp;15, 1996 makes or issues, or fixes a
record date for the determination of holders of Common Stock entitled to
receive, a dividend or other distribution payable in additional shares of
Common Stock or Common Stock Equivalents (as defined herein) which does not
provide for the payment of any consideration upon the issuance, conversion or
exercise thereof, without a corresponding dividend or other distribution to the
Holder, based upon the number of shares of Common Stock into which the Class&nbsp;B
Preferred Stock is convertible, then and in each such event the Conversion Rate
then in effect will be increased as of the time of such issuance or, in the
event such a record date shall have been fixed, as of the close of business on
such record date, by multiplying such Conversion Rate by a fraction:</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)&nbsp;The number of which will be the total number
of shares of Common Stock issued and outstanding immediately prior to the time
of such issuance or the close of business on such record date </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-5</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='A-5',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-05.htm',USER='105540',CD='Aug  1 00:21 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">plus
the number of shares of Common Stock issuable in payment of such dividend or
distribution (which, in the case of Common Stock Equivalents, shall mean the
maximum number of shares of Common Stock issuable with respect thereto, as set
forth in the instrument relative thereto without regard to any provision for
subsequent adjustment); and</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)&nbsp;The denominator of which will be the total
number of shares of Common Stock issued and outstanding immediately prior to
the time of such issuance or the close of business on such record date;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided, however, that
if such record date is fixed and such dividend is not fully paid or if such
distribution is not fully made on the date fixed therefor, the Conversion Rate
will be recomputed accordingly as of the close of business on such record date,
and thereafter such Conversion Rate will be adjusted pursuant to this
subparagraph (iii)&nbsp;as of the time of actual payment of such dividends or
distributions.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 27.0pt;text-align:justify;text-indent:22.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&nbsp;In the event the Corporation at any time or
from time to time after June&nbsp;15, 1996 makes or issues, or fixes a record
date for the determination of holders of Common Stock entitled to receive a
dividend or other distribution payable to all holders of Common Stock in
securities of the Corporation Stock Equivalents, then, upon making such
dividend or distribution provisions will be made so that the Holder will
receive the amount of securities of the Corporation which it would have
received had its Class&nbsp;B Preferred Stock been converted into Common Stock
on the date of such event.</font></p>

<p style="margin:0in 0in .0001pt 27.0pt;text-align:justify;text-indent:22.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&nbsp;In the event the Corporation sells or issues
any Common Stock, or sells or issues Common Stock Equivalents which can be
converted into Common Stock at a per share consideration (as defined below in
this subparagraph (v)&nbsp;of paragraph&nbsp;7(B) less than the Stipulated
Price then in effect, then the Holder shall be entitled to purchase from the
Corporation in cash (for the same per share consideration at which such Common
Stock was issued or the per share price at which a share of Common Stock is
acquirable upon exercise or conversion of Common Stock Equivalents) that
additional number of shares of Common Stock which, when added to the number of
shares of Common Stock acquirable by the Holder upon conversion of any shares
of Class&nbsp;B Preferred Stock outstanding and held by such Holder immediately
before such issue or sale (the &#147;Acquirable Shares&#148;), will equal a percentage of
the number of shares of Common Stock Deemed Outstanding (as defined herein)
immediately after such sale or issuance that is the same as the percentage of
the number of shares of Common Stock Deemed Outstanding immediately before such
issuance or sale represented by the Acquirable Shares. This right shall exist
for a forty-five-day period following the sale or issuance of shares of Common
Stock or Common Stock Equivalents, and thereafter shall cease to exist.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the
above purposes, the per share consideration with respect to the sale or
issuance of Common Stock will be the price per share received by the
Corporation, prior to the payment of any expenses, commissions, discounts and
other applicable costs. With respect to the sale or issuance of Common Stock
Equivalents which are convertible into or exchangeable for Common Stock without
further consideration, the per share consideration will be determined by
dividing the maximum number of shares of Common Stock issuable with respect to
such Common Stock Equivalents (as set forth in the instrument relating thereto
without regard to any provisions contained therein for subsequent adjustment of
such number) into the aggregate consideration receivable by the Corporation upon
the sale or issuance of such Common Stock Equivalents. With respect to the
issuance of other Common Stock Equivalents, the per share consideration will be
determined by dividing the maximum number of shares of Common Stock issuable
with respect to such Common Stock Equivalents into the total aggregate
consideration received by the Corporation upon the sale or issuance of such
Common Stock Equivalents plus the minimum aggregate amount of additional
consideration received by the Corporation upon the conversion or exercise of
such Common Stock Equivalents. In connection with the sale or issuance of
Common Stock and/or Common Stock Equivalents for non-cash consideration, the
amount of consideration will be the fair market value of such consideration as
determined in good faith by the Board of Directors of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)&nbsp;As used herein, the term &#147;Stipulated Price&#148;
means initial price of $5.00 per share of Common Stock, as adjusted from time
to time pursuant to subparagraph (viii)&nbsp;of this paragraph <strike>7</strike>  <u>6</u>(f);
and the term &#147;Common Stock Equivalent&#148; means any securities (whether debt or
equity securities) or rights issued by the Corporation convertible into or
entitling the holder thereof to receive shares of, or securities convertible
into, Common Stock. The number of shares of &#147;Common Stock Deemed Outstanding&#148;
at any date shall equal the sum of the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-6</font></p>

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</div>
<!-- SEQ.=1,FOLIO='A-6',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-05.htm',USER='105540',CD='Aug  1 00:21 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.5pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">number
of shares of Common Stock then outstanding plus the number of shares of Common
Stock then obtainable pursuant to Common Stock Equivalents.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)&nbsp;In the event the Corporation declares any
dividend or distribution payable to holders of its Common Stock (other than dividends
payable out of the Corporation&#146;s retained earnings or earned surplus and
dividends payable in shares of Common Stock or in securities convertible into
or exchangeable for shares of Common Stock or rights or warrants to purchase
Common Stock or securities convertible into or exchangeable for shares of
Common Stock or any other securities issued by the Corporation), the Conversion
Rate in effect immediately prior to the record date for such dividend or
distribution shall be proportionately adjusted so that the Holder shall be
entitled to receive the number of shares of Common Stock into which such shares
of Common Stock or Preferred Stock was convertible immediately prior to such
record date multiplied by a fraction, the numerator of which is the fair market
value of a share of Common Stock on such record date and the denominator of
which is such per share fair market value of a share of Common Stock on such
record date less the fair market value on such record date of the securities or
other property which are distributed as a dividend or other distribution. The
term &#147;fair market value&#148; of a share of Common Stock or of any other security or
other type of property on any date means (A)&nbsp;in the case of Common Stock
or any other security (I)&nbsp;if the principal trading market for such Common
Stock or other security is an exchange or the NASDAQ national market on such
date, the closing price on such exchange or the NASDAQ national market on such
date, provided, if trading of such Common Stock or other security is listed on
any consolidated tape, the fair market value shall be the closing price set
forth on such consolidated tape on such date, or (II)&nbsp;if the principal
market for such Common Stock or other security is the over-the-counter market
(other than the NASDAQ national market) the mean between the closing bid and
asked prices on such date as set forth by NASDAQ; or (B)&nbsp;in the case of
Common Stock or any other security for which the fair market value cannot be
determined pursuant to clause (A)&nbsp;above or of any other security or type
of property, fair market value thereof on such date as determined in good faith
by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)&nbsp;Whenever the Conversion Rate is adjusted
pursuant to this paragraph 6(f), the Stipulated Price shall also be adjusted by
multiplying it by a fraction that is the reciprocal of the fraction used to
adjust the Conversion Rate.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)&nbsp;The Corporation will not, by amendment of
its Articles of Incorporation or through any dissolution, issuance or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms to be observed or performed hereunder by the
Corporation, but at all times in good faith will assist in the carrying out of
all the provisions of this paragraph and in the taking of all such action as
may be necessary or appropriate in order to protect the conversion rights of
the Holder against impairment.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)&nbsp;No adjustment in the Conversion Rate shall be
required, unless such adjustment would require an increase or decrease of at
least one (1)&nbsp;share of Common Stock in the Conversion Rate of one share of
Class&nbsp;B Preferred Stock, provided that all adjustments which do not meet
this minimum requirement shall be cumulated and the adjustment will be made
when the cumulated total is sufficient to require an adjustment. All
calculations made pursuant to this subparagraph (x)&nbsp;of paragraph&nbsp;6(f)
shall be made to the nearest one hundredth (1/100th) of a share of Common
Stock.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g. <u>Fractional
Shares</u>. No fractional shares of Common Stock or scrip representing
fractional shares of Common Stock shall be issued upon any conversion of shares
of Class&nbsp;B Preferred Stock but, in lieu thereof, there shall be paid an
amount in cash equal to the same fraction of the current market price of a
whole share of Common Stock on the day preceding the day of conversion.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h. <u>Statement
to Transfer Agent</u>. Whenever the Conversion Rate for shares of Class&nbsp;B
Preferred Stock shall be adjusted pursuant to the provisions of paragraph 6(f)&nbsp;hereof,
the Corporation shall forthwith maintain at its office and, if applicable, file
with the Transfer Agent for shares of Class&nbsp;B Preferred Stock and for
shares of Common Stock, a statement signed by the President or a Vice President
of the Corporation and by its Treasurer or an Assistant Treasurer, stating the
adjusted Conversion Rate and setting forth in reasonable detail the method of
calculation and the facts requiring such adjustment, such calculations to be
confirmed by the Corporation&#146;s </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-7</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='A-7',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-05.htm',USER='105540',CD='Aug  1 00:21 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">independent auditors, and
stating the facts on which the calculation is based. Each adjustment shall
remain in effect until a subsequent adjustment hereunder is required.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7. <u>Registration
Rights</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Piggyback
Registration</u>. The Corporation, for a period ending six months after the
last share of Class&nbsp;B Preferred Stock is redeemed, retired, converted or
otherwise no longer outstanding, will give written notice to the Holder not
less than 20 days in advance of the initial filing of any registration
statement under the Securities Act of 1933 (other than a registration Statement
pertaining to securities issuable pursuant to employee stock option, stock
purchase, or similar plans or a registration statement pertaining to securities
issuable in connection with the acquisition of a business, whether through
merger, consolidation, acquisition of assets, or exchange of securities)
covering any Common Stock or other securities of the Corporation, and will
afford the Holder the opportunity to have included in such registration all or
such part of the shares of Common Stock acquired upon conversion of Class&nbsp;B
Preferred Stock, as may be designated by written notice to the Corporation not
later than 10 days following receipt of such notice from the Corporation. The
Corporation shall be entitled to exclude the shares of Common Stock held by the
Holder from any one, but not more than one, such registration if the
Corporation is advised by its investment banking firm that the inclusion of
such shares will, in the opinion of such investment banking firm, materially
interfere with the orderly sale and distribution of the securities being
offered under such registration statement by the Corporation. Notwithstanding
the foregoing, the Corporation shall not be entitled to exclude the shares of
Common Stock held by the Holder if shares of other shareholders are being
included in any such registration statement and, in such circumstances, the
Holder shall be entitled to include the shares of Common Stock held by them on
a pro rata basis in the proportion that the number of shares of Common Stock
held by the Holder bears to the shares of Common Stock held by all other
shareholders, including shares in such registration statement. The Holder shall
not be entitled to include shares in more than two registration statements
pursuant to the provisions of this subdivision (a)&nbsp;of paragraph 7, and all
rights of the Holder under this subdivision (a)&nbsp;of paragraph 7 shall
terminate after the Holder has included shares of Common Stock in two
registration statements pursuant to this subdivision (a)&nbsp;of paragraph 7.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Expenses</u>.
The Corporation will pay all out-of-pocket costs and expenses of any
registration effected pursuant to the provisions of subdivision (a)&nbsp;of
this paragraph 7, including registration fees, legal fees, accounting fees,
printing expenses (including such number of any preliminary and the final
prospectus as may be reasonably requested), blue sky qualification fees and
expenses, and all other expenses, except for underwriting commissions or
discounts applicable to the shares of Common Stock being sold by the Holder and
the fees of counsel for the Holder, all of which shall be paid by the Holder.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8. <u>Reports</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any of the Class&nbsp;B Preferred Stock shall be outstanding, the
Corporation shall submit to the Holder financial reports no less frequently
than annually.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9. <u>Miscellaneous</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. As
used herein, the term &#147;Common Stock&#148; shall mean the Corporation&#146;s Common Stock,
no par value, or, in the case of any reclassification or change of outstanding
shares of Common Stock, the stock or securities issued in exchange for such
Common Stock. The term &#147;Common Stock&#148; shall also include any capital stock of
the Corporation authorized after June&nbsp;15, 1995 which shall not be limited
to a fixed sum or sums or percentage or percentages of par value in respect of
the rights of the holders thereof to participate in dividends or in the
distribution of assets upon the voluntary or involuntary liquidation,
dissolution or winding up of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. The
shares of Class&nbsp;B Preferred Stock shall be fully transferrable by the
Holder thereof, subject to compliance with the applicable provisions of federal
and state securities laws.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-8</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN
WITNESS WHEREOF, RETRACTABLE TECHNOLOGIES, INC. has caused its corporate seal
to be hereunto affixed and this <u>Amended</u> Certificate to be signed by its
President and Secretary this
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; day of
<strike>May, 1995</strike><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>, <u>2009.</u></font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas J. Shaw</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTEST:</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="19%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:19.0%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Lillian E. Salerno</font></strike></p>
  </td>
  <td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios</font></u></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="142" style="border:none;"></td>
  <td width="227" style="border:none;"></td>
  <td width="219" style="border:none;"></td>
  <td width="160" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;text-indent:3.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-indent:3.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix B</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FILED</font></p>
  </td>
 </tr>
 <tr>
  <td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Office of the</font></p>
  </td>
 </tr>
 <tr>
  <td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary of State of
  Texas</font></p>
  </td>
 </tr>
 <tr>
  <td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;27, 1997</font></p>
  </td>
 </tr>
 <tr>
  <td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations Section</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED </font></u><font size="2" style="font-size:10.0pt;">CERTIFICATE OF DESIGNATION, PREFERENCES</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RIGHTS AND
LIMITATIONS OF THE SERIES II CLASS&nbsp;B</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONVERTIBLE
PREFERRED STOCK</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE
TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to Article&nbsp;2.13 of the Texas Business Corporation Act and Article <strike>Five</strike>
<u>Four</u> of its Articles of Incorporation, <u>as amended (the &#147;Articles of
Incorporation&#148;)</u>, Retractable Technologies,&nbsp;Inc., a corporation
organized and existing under the laws of the State of Texas (the Corporation),</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DOES
HEREBY CERTIFY that pursuant to the authority conferred upon the Board of
Directors of the Corporation by the Articles of Incorporation, as amended, and
pursuant to Article&nbsp;2.13 of the Texas Business Corporation Act, said Board
of Directors, by unanimous written consent executed May&nbsp;10, 1995, adopted
a resolution providing for the creation of a series of Preferred Stock
consisting of not more than five million (5,000,000) shares of Series&nbsp;II Class&nbsp;B
Convertible Preferred Stock, which resolution is and reads as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESOLVED
that, pursuant to the authority provided in the Corporation&#146;s Articles of
Incorporation and expressly granted to and vested in the Board of Directors of
Retractable Technologies,&nbsp;Inc. (the &#147;Corporation&#148;), the Board of Directors
hereby creates out of the Preferred Stock, par value one dollar per share, of
the Corporation a series of Series&nbsp;II Class&nbsp;B Preferred Stock
consisting of not more than five million (5,000,000) shares, and the Board of
Directors hereby fixes the designation and the powers, preference and rights,
and the qualifications, limitations and restrictions thereof, to the extent not
otherwise provided in the Corporation&#146;s qualifications, limitations and
restrictions thereof, to the extent not otherwise provided in the Corporation&#146;s
Articles of Incorporation, as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. <u>Designation
of Series</u>. The designation of the series of Preferred Stock created by this
resolution shall be &#147;Series&nbsp;II Class&nbsp;B Convertible Preferred Stock&#148;
(the &#147;Series&nbsp;II Class&nbsp;B Preferred Stock&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. <u>Dividends
on Series&nbsp;II Class&nbsp;B Preferred Stock</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Dividend
Amount</u>. The holders of the Series&nbsp;II Class&nbsp;B Preferred Stock
shall be entitled to receive, in any calendar year, if, when and as declared by
the Board of Directors, out of any assets at the time legally available
therefor and subject to the further limitations set out herein, dividends at
the per annum rate of $1.00 per share, all such dividends due quarterly in
arrears as of the last day of each March, June, September&nbsp;and December&nbsp;of
each year, the first dividend being declarable on December&nbsp;31, 1997. On
each date which a dividend may be declared is hereafter called the &#147;Dividend
Date,&#148; and each quarterly period ending with a Dividend Date is hereinafter
referred to as the &#147;Dividend Period.&#148; Dividends shall be payable fifteen
calendar days after the Dividend Due Date, provided however, that if such date
on which a dividend is payable is a Saturday, Sunday or legal holiday, such
dividend shall be payable on the next following business day to the holders of
record (whether singular or plural, the &#147;Holder&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Dividends
Cumulative</u>. Dividends upon the Series&nbsp;II Class&nbsp;B Preferred Stock
shall be accrued and be cumulative, whether or not in any Dividend Period or
Periods there shall be funds of the Corporation legally available for the
payment of such dividends.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c. <u>Dividend
Accrual</u>. On each Dividend Due Date all dividends which shall have accrued
since the last Dividend Due Date on each share of Series&nbsp;II Class&nbsp;B
Preferred Stock outstanding on such Dividend Due Date shall accumulate and be
deemed to become &#147;due.&#148; Any dividend which shall not be paid on the Dividend
Due Date on which it shall become due shall be deemed to be &#147;past due&#148; until
such dividend shall be paid or until the share of Series&nbsp;II Class&nbsp;B
Preferred Stock with respect to which such dividend became due shall no longer
be outstanding, </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">whichever is the earlier
to occur. No interest, sum of money in lieu of interest or other property or
securities shall be payable in respect of any dividend payment or payments
which are past due. Dividends paid on shares of Series&nbsp;II Class&nbsp;B
Preferred Stock in an amount less than the total amount of such dividends at
the time accumulated and payable on such shares shall be allocated pro rata on
a share-by-share basis among all such shares at the time outstanding. Dividend
payments made with respect to a Dividend Due Date shall be deemed to be made in
payment of the dividends which became due on that Dividend Due Date.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Dividend
Arrearage</u>. If a dividend upon any shares of Series&nbsp;II Class&nbsp;B
Preferred Stock is in arrears, all dividends or other distributions declared
upon shares of the Series&nbsp;II Class&nbsp;B Preferred Stock (other than
dividends paid in stock of the Corporation ranking junior to the Series&nbsp;II
Class&nbsp;B Preferred Stock as to dividends and upon liquidation, dissolution
or winding up) may only be declared pro rata. Except as set forth above, if a
dividend upon any shares of Series&nbsp;II Class&nbsp;B Preferred Stock is in
arrears: (i)&nbsp;no dividends (in cash, stock or other property) may be paid
or declared and set aside for payment <strike>or any other distribution made</strike>
upon any stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends (other than dividends of distributions in stock
of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B Preferred
Stock as to dividends and upon liquidation, dissolution or winding up); and (ii)&nbsp;no
<u>preferred</u> stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a
sinking fund or otherwise, except (1)&nbsp;by means of redemption pursuant to
which all outstanding shares of the Series&nbsp;II Class&nbsp;B Preferred Stock
are redeemed, or (2)&nbsp;by conversion of any such junior stock into, or
exchange of any such junior stock into, or exchange of any such junior stock
for stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up<strike>,
or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Series&nbsp;II
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;II Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;II Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the Corporation
as of its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if
the cash assets of the Corporation as of its latest reporting period was less
than $40,000,000, the amount of funds utilized to purchase such shares within
the next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. <u>General,
Class&nbsp;and Series&nbsp;Voting Rights</u>. Except as provided in this Section&nbsp;3
and in Section&nbsp;4 hereof or as otherwise from time to time required by law,
the Series&nbsp;II Class&nbsp;B Preferred Stock shall have no voting rights.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any shares of Series&nbsp;II Class&nbsp;B Preferred Stock remain
outstanding, the consent of the holders of at least fifty-one (51%) percent of
the shares of Series&nbsp;II Class&nbsp;B Preferred Stock outstanding at the
time voting separately as a class, given in person or by proxy, either in
writing at any special or annual meeting called for the purpose, shall be
necessary to permit, effect or validate any one or more of the following:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&nbsp;The authorization, creation or issuance, or
any increase in the authorized or issued amount, of any class or series of
stock (including any class or series of Preferred Stock) ranking equal or prior
(as the terms are hereinafter defined in this Section&nbsp;3) to the Series&nbsp;II
Class&nbsp;B Preferred Stock; or</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;The amendment, alteration or repeal, whether
by merger, consolidation or otherwise, of any of the provisions of the Articles
of Incorporation or of this resolution which would alter or change the powers,
preferences or special rights of the shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock so as to affect them adversely; provided, however, that any
increase in the amount of authorized Preferred Stock, or the creation and
issuance of other series of Preferred Stock ranking junior to the Series&nbsp;II
Class&nbsp;B Preferred Stock with respect to the payment of dividends and the
distribution of assets upon liquidation, dissolution or winding up, shall not
be deemed to adversely affect such powers, preferences or special rights.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-2</font></p>

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</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing voting provisions shall not apply if, at or prior to the time when
the act with respect to which such vote would otherwise be required shall be
effected, all outstanding shares of Series&nbsp;II Class&nbsp;B Preferred Stock
shall have been redeemed or sufficient funds shall have been deposited in trust
to effect such redemption.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4. <u>Default
Voting Rights</u>. Whenever, at any time or times, dividends payable on the
shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall be in arrears for
twelve (12) consecutive quarterly dividend periods, the holders of a majority
of the outstanding shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall
have the exclusive right (voting separately as a class) to elect one-third of
the Board of Directors of the Corporation at the Corporation&#146;s next annual
meeting of stockholders (to serve until the next annual meeting of
shareholders, and until their successors are duly elected and qualified) and at
each subsequent annual meeting of stockholders so long as such arrearage shall
continue, and the Common Stock voting separately as a class, shall be entitled
to elect the remainder of the Board of Directors of the Corporation. At
elections for such directors, each holder of Series&nbsp;II Class&nbsp;B
Preferred Stock shall be entitled to one vote for each share of Preferred Stock
held. The right of the holders of Series&nbsp;II Class&nbsp;B Preferred Stock,
voting separately as a class, to elect members of the Board of the Directors of
the Corporation as aforesaid shall continue until such time as all dividends
accumulated on the Series&nbsp;II Class&nbsp;B Preferred Stock shall have been
paid in full, at which time such right shall terminate, except as herein or by
law expressly provided, subject to revesting in the event of each and every
subsequent default of the character above mentioned.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Directors
elected by the holders of Series&nbsp;II Class&nbsp;B Preferred Stock shall
continue to serve as such directors until such time as all dividends
accumulated on the Series&nbsp;II Class&nbsp;B Preferred Stock shall have been
paid in full, at which time the term of office of all persons elected as
directors by the holders of shares of Series&nbsp;II Class&nbsp;B Preferred
Stock shall forthwith terminate. In the case of any vacancy in the office of a
director occurring among the directors elected by the holder of a class (with
the Series&nbsp;II Class&nbsp;B Preferred Stock and Common Stock being treated
as separate classes) of stock, the remaining directors so elected by that class
may by affirmative vote of a majority thereof (or the remaining director so
elected if there be but one) elect a successor or successors to hold office for
the unexpired term of the director or directors whose place or places shall be
vacant. Any director who shall have been elected by the holders of a class of
stock or by any directors so elected as provided in the next preceding sentence
hereof may be removed during the aforesaid term of office, either for or
without cause, by, and only by, the affirmative vote of the holders of a
majority of the shares of the class of stock who elected such director or
directors, given either at a special meeting of such shareholders duly called
for that purpose or pursuant to a written consent of shareholders, and any
vacancy thereby created may be filled by the holders of that class of stock
represented at such meeting or pursuant to such written consent. Whenever the
term of office of the directors elected by the holders of Series&nbsp;II Class&nbsp;B
Preferred Stock voting as a class shall end and the special voting powers
vested in the holders of Series&nbsp;II Class&nbsp;B Preferred Stock voting as
a class shall end and the special voting powers vested in the holders of Series&nbsp;II
Class&nbsp;B Preferred Stock as provided in this Section&nbsp;4 shall have
expired, the number of directors shall be such number as may be provided for in
the Articles of Incorporation or Bylaws irrespective of any increase made
pursuant to the provisions of this Section&nbsp;4.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5. <u>Redemption</u>.
The outstanding shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall be
nonredeemable prior to the lapse of three (3)&nbsp;years from the date of
issuance. On and after such date, the Series&nbsp;II Class&nbsp;B Preferred
Stock may be redeemed at the option of the Corporation, as a whole at any time
or in part from time to time, at the Redemption Price of $15.00 per share plus
all dividends (whether or not declared or due) accrued and unpaid to the date
of redemption (subject to the right of the holder of record of shares of Series&nbsp;II
Class&nbsp;B Preferred Stock on a record date for the payment of a dividend on
the Series&nbsp;II Class&nbsp;B Preferred Stock to receive the dividend due on
such shares of Series&nbsp;II Class&nbsp;B Preferred Stock on the corresponding
Dividend Due Date).</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No
sinking fund shall be established for the Series&nbsp;II Class&nbsp;B Preferred
Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice
of any proposed redemption of shares of Series&nbsp;II Class&nbsp;B Preferred
Stock shall be mailed by means of first class mail, postage paid, addressed to
the holders of record of the shares of Series&nbsp;II Class&nbsp;B Preferred
Stock to be redeemed, at their respective addresses then appearing on the books
of the Corporation, at least thirty (30) but not more than sixty (60) days
prior to the date fixed for such redemption (herein referred to as the &#147;Redemption
Date&#148;). Each such notice shall specify (i)&nbsp;the Redemption Date; (ii)&nbsp;the
Redemption Price; (iii)&nbsp;the place for payment and for delivering the stock
certificate(s)&nbsp;and transfer instrument(s)&nbsp;in order to collect the
Redemption Price; (iv)&nbsp;the shares of Series&nbsp;II Class&nbsp;B Preferred
Stock to be redeemed; and (v)&nbsp;the then effective Conversion Price (as
defined below) and that the right of holders of shares of Series&nbsp;II Class&nbsp;B
Preferred Stock being redeemed to exercise their </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-3</font></p>

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</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">conversion right shall
terminate as to such shares at the close of business on the fifth day before
the Redemption Date (provided that no default by the Corporation in the payment
of the applicable Redemption Price [including any accrued and unpaid dividends]
shall have occurred and be continuing). Any notice mailed in such manner shall
be conclusively deemed to have been duly given whether or not such notice is in
fact received. If less than all the outstanding shares of Series&nbsp;II Class&nbsp;B
Preferred Stock are to be redeemed, the Corporation will select those to be
redeemed by lot or by a substantially equivalent method. In order to facilitate
the redemption of Series&nbsp;II Class&nbsp;B Preferred Stock to be redeemed,
which shall not be more than sixty (60) days prior to the Redemption Date with
respect thereto.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
holder of any shares of Series&nbsp;II Class&nbsp;B Preferred Stock redeemed
upon any exercise of the Corporation&#146;s redemption right shall not be entitled
to receive payment of the Redemption Price for such shares until such holder
shall cause to be delivered to the place specified in the notice given with
respect to such redemption (i)&nbsp;the certificate(s)&nbsp;representing such
shares of Series&nbsp;II Class&nbsp;B Preferred Stock; and (ii)&nbsp;transfer
instrument(s)&nbsp;satisfactory to the Corporation and sufficient to transfer
such shares of Series&nbsp;II Class&nbsp;B Preferred Stock to the Corporation
free of any adverse interest. No interest shall accrue on the Redemption Price
of any share of Series&nbsp;II Class&nbsp;B Preferred Stock after its
Redemption Date.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to Section 2 hereof,</font></strike><font size="2" style="font-size:10.0pt;">
<u>Notwithstanding anything in this Certificate to the contrary</u>, the Corporation
shall have the right to purchase shares of Series&nbsp;II Class&nbsp;B
Preferred Stock from <strike>the</strike>  <u>any</u> owner of such shares on such terms
as may be agreeable to such owner. Shares of Series&nbsp;II Class&nbsp;B
Preferred Stock may be acquired by the Corporation from any stockholder
pursuant to this paragraph without offering any other stockholder an equal
opportunity to sell his stock to the Corporation, and no purchase by the
Corporation from any stockholder pursuant to this paragraph shall be deemed to
create any right on the part of any stockholder to sell any shares of Series&nbsp;II
Class&nbsp;B Preferred Stock (or any other stock) to the Corporation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding
the foregoing provisions of this Section&nbsp;5, and subject to the provisions
of Section&nbsp;2 hereof, if a dividend upon any shares of Series&nbsp;II Class&nbsp;B
Preferred Stock is past due, (i)&nbsp;no shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock may be redeemed, except (A)&nbsp;by means of a redemption
pursuant to which all outstanding shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock are simultaneously redeemed (or offered to be so redeemed) or
pursuant to which the outstanding shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock are redeemed on a pro rata basis (or offered to be so
redeemed), or (B)&nbsp;by conversion of shares of Series&nbsp;II Class&nbsp;B
Preferred Stock into, or exchange of such shares for, Common Stock or any other
stock of the Corporation ranking junior to the Series&nbsp;II Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding
up.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6. <u>Liquidation</u>.
In the event of any voluntary or involuntary dissolution, liquidation or
winding up of the Corporation (for the purposes of this Section&nbsp;6, a &#147;Liquidation&#148;),
before any distribution of assets shall be made to the holders of the Common
Stock or the holders of any other stock that ranks junior to the Series&nbsp;II
Class&nbsp;B Preferred Stock in respect of distributions upon the Liquidation
of the Corporation, the holder of each share of Series&nbsp;II Class&nbsp;B
Preferred Stock then outstanding shall be entitled to $12.50 per share plus all
dividends (whether or not declared or due) accrued and unpaid on such share on
the date fixed for the distribution of assets of the Corporation to the holders
of Series&nbsp;II Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
upon any Liquidation of the Corporation, the assets available for distribution
to the holder of Series&nbsp;II Class&nbsp;B Preferred Stock which shall then
be outstanding (hereinafter in this paragraph called the &#147;Total Amount
Available&#148;) shall be insufficient to pay the holders of all outstanding shares
of Series&nbsp;II Class&nbsp;B Preferred Stock the full amounts (including all
dividends accrued and unpaid) to which they shall be entitled by reason of such
Liquidation of the Corporation, then there shall be paid ratably to the holders
of the Series&nbsp;II Class&nbsp;B Preferred Stock in connection with such
Liquidation of the Corporation, an amount equal to each holder&#146;s pro rata share
of the Total Amount Available.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
voluntary sale, conveyance, lease, exchange or transfer of all or substantially
all the property or assets of the Corporation, or the merger or consolidation
of the Corporation into the Corporation, or any purchase or redemption of some
or all of the shares of any class or series of stock of the Corporation, shall
not be deemed to be a Liquidation of the corporation for the purposes of this Section&nbsp;6
(unless in connection therewith the Liquidation of the Corporation is
specifically approved).</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-4</font></p>

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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7. <u>Conversion
Privilege</u>. At any time subsequent to three years after issuance of any
share of Series&nbsp;II Class&nbsp;B Preferred Stock, the holder of any share
of Series&nbsp;II Class&nbsp;B Preferred Stock (&#147;Holder&#148;) shall have the right,
at such Holder&#146;s option (but if such share is called for redemption or exchange
at the election of the Corporation, then in respect of such share only to and
including but not after the close of business on (i)&nbsp;the fifth calendar
day before the date fixed for such redemption; or (ii)&nbsp;the date fixed for
such exchange, provided that the Corporation has set aside funds sufficient to
effect such redemption to convert such share into that number of fully paid and
non-assessable shares of Common Stock (calculated as to each conversion to the
nearest 1/100th of a share) obtained by dividing $10.00 by the Conversion Rate
then in effect.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Conversion Rate</u>. Each share of Series&nbsp;II
Class&nbsp;B Preferred Stock may be converted, subject to the terms and
provisions of this paragraph 7 into one (1)&nbsp;share of the Corporation&#146;s
Common Stock, which is a price equal to one share of Common Stock for each
$10.00 of Series&nbsp;II Class&nbsp;B Preferred Stock or, in case an adjustment
of such rate has taken place pursuant to the provisions of subdivision (f.) of
this paragraph (7), then at the Conversion Rate as last adjusted (such rate or
adjusted rate, shall be expressed as the number of shares of Common Stock to be
acquired upon conversion of one share of Series&nbsp;II Class&nbsp;B Preferred
Stock, and shall be referred to herein as the &#147;Conversion Rate&#148;). Each share of
Series&nbsp;II Class&nbsp;B Preferred Stock shall be Convertible into Common
Stock by surrender to the corporation of the certificate representing such
shares of Series&nbsp;II Class&nbsp;B Preferred Stock to be converted by the
Holder and by giving written notice to the Corporation of the Holder&#146;s election
to convert.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Corporation shall, as soon as practicable after
receipt of such written notice and the proper surrender to the Corporation of
the certificate or certificates representing shares of Series&nbsp;II Class&nbsp;B
Preferred Stock to be converted in accordance with the above provisions, issue
and deliver for the benefit of the Holder at the office of the Corporation&#146;s
duly appointed transfer agent (the &#147;Transfer Agent&#148;) to the Holder for whose
account such shares of Series&nbsp;II Class&nbsp;B Preferred Stock were so
surrendered or to such Holder&#146;s nominee or nominees, certificates for the
number of shares of Common Stock to which the Holder shall be entitled. The
certificates of Common Stock of the Corporation issued upon conversion shall
bear such legends as may be required by state or federal laws. Such conversion
shall be deemed to have been effective immediately prior to the close of
business on the date on which the Corporation shall have received both such
written notice and the properly surrendered certificates for shares of Series&nbsp;II
Class&nbsp;B Preferred Stock to be converted (the &#147;Conversion Date&#148;), and at
such time the rights of the Holder shall cease and the person or persons
entitled to receive the shares of Common Stock issuable upon the conversion of
such shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall be deemed to
be, and shall be treated for all purposes as, the record Holder or Holders of
such Common Stock on the Conversion Date. The Corporation shall not be required
to convert, and no surrender of shares of Series&nbsp;II Class&nbsp;B Preferred
Stock or written notice of conversion with respect thereto shall be effected
for that purpose, while the stock transfer books of the Corporation are closed
for any reasonable business purpose for any reasonable period of time, but the
proper surrender of shares of Series&nbsp;II Class&nbsp;B Preferred Stock for
conversion immediately upon the reopening of such books. During the period in
which the stock transfer books of the Corporation are closed, the Corporation
may neither declare a dividend, declare a record date for payment of dividends
nor make any payment of dividends.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Dividends</u>. If any shares of Class&nbsp;B
Preferred Stock shall be converted during any dividend payment period, the
Holder shall be entitled to all dividends accrued up to and through such
Conversion Date, at the rate set forth herein, whether or not there has been a
Dividend Date, as set forth in paragraph 2 hereof.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c. <u>Cancellation</u>. Class&nbsp;B Preferred Stock
converted into Common Stock pursuant to the provisions of this paragraph (7)&nbsp;shall
be retired and cancelled by the Corporation and given the status of authorized
and unissued preferred stock.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d. <u>Reissuance if Conversion is Partial</u>. In the
case of any certificate representing shares of Series&nbsp;II Class&nbsp;B
Preferred Stock which is surrendered for conversion only in part, the
Corporation shall issue and deliver to the Holder a new certificate or
certificates for Series&nbsp;II Class&nbsp;B Preferred Stock of such
denominations as requested by the Holder in the amount of Series&nbsp;II Class&nbsp;B
Preferred Stock equal to the unconverted shares of the Series&nbsp;II Class&nbsp;B
Preferred Stock represented by the certificate so surrendered.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-5</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='B-5',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-07.htm',USER='105540',CD='Aug  1 00:05 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e. <u>Reservations of Shares</u>. The Corporation
shall at all times during which shares of Series&nbsp;II Class&nbsp;B Preferred
Stock may be converted into Common Stock as provided in this paragraph (e),
reserve and keep available, out of any Common Stock held as treasury stock or
out of its authorized and unissued Common Stock, or both, solely for the
purpose of delivery upon conversion of the shares of Series&nbsp;II Class&nbsp;B
Preferred Stock as herein provided, such number of shares of Common Stock as
shall then be sufficient to effect the conversion of all shares of Series&nbsp;II
Class&nbsp;B Preferred Stock from time to time outstanding, and shall take such
action as may from time to time be necessary to ensure that such shares of
Common Stock will, when issued upon conversion of Series&nbsp;II Class&nbsp;B
Preferred Stock, be fully paid and nonassessable.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f. <u>Adjustment of Conversion Rate</u>. The
Conversion Rate provided in subdivision (a)&nbsp;of this paragraph (7), in
respect of Class&nbsp;B Preferred Stock, shall be subject to adjustments from
time to time as follows:</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&nbsp;While any shares of Series&nbsp;II Class&nbsp;B
Preferred Stock shall be outstanding, in case the Corporation shall subdivide
the outstanding shares of Common Stock into a greater number of shares of
Common Stock or combine the outstanding shares of Common Stock into a smaller
number of shares of Common Stock, or issue, by reclassification of its shares
of Common Stock any shares of the Corporation, the Conversion Rate in effect
immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the number of shares which it would have owned or been
entitled to receive after the happening of any of the events described above,
had such shares of Series&nbsp;II Class&nbsp;B Preferred Stock been converted
immediately prior to the happening of such event, such adjustment to become
effective immediately after the opening of business on the day following the
day upon which such subdivision or combination or reclassification, as the case
may be, becomes effective.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;In case the Corporation shall be
consolidated with, or merge into, any other corporation, and the Corporation
does not survive, proper provisions shall be made as a part of the terms of
such consolidation or merger, whereby the Holder shall thereafter be entitled,
upon exercise of such Holder&#146;s conversion rights, to receive the kind and
amount of shares of stock or other securities of the Corporation resulting from
such consolidation or merger, or such other property, as the Holder would have
received if such conversion rights were exercised immediately prior to the
effectiveness of such merger of consolidation.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&nbsp;In the event the Corporation at any time,
or from time to time after June&nbsp;15, 1997 makes or issues, or fixes a
record date for the determination of holders of Common Stock entitled to
receive, a dividend or other distribution payable in additional shares of
Common Stock or Common Stock Equivalents (as defined herein) which does not
provide for the payment of any consideration upon the issuance, conversion or
exercise thereof, without a corresponding dividend or other distribution to the
Holder, based upon the number of shares of Common Stock into which the Series&nbsp;II
Class&nbsp;B Preferred Stock is convertible, then and in each such event the
Conversion Rate then in effect will be increased as of the time of such
issuance or, in the event such a record date shall have been fixed, as of the
close of business on such record date, by multiplying such Conversion Rate by a
fraction:</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 79.55pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)&nbsp;The numerator of which will be the total
number of shares of Common Stock issued and outstanding immediately prior to
the time of such issuance or the close of business on such record date plus the
number of shares of Common Stock issuable in payment of such dividend or
distribution (which, in the case of Common Stock Equivalents, shall mean the
maximum number of shares of Common Stock issuable with respect thereto, as set
forth in the instrument relative thereto without regard to any provision for
subsequent adjustment); and</font></p>

<p style="margin:0in 0in .0001pt 79.55pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 79.55pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)&nbsp;The denominator of which will be the total
number of shares of Common Stock issued and outstanding immediately prior to
the time of such issuance or the close of business on such record date;</font></p>

<p style="margin:0in 0in .0001pt 79.55pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided,
however, that if such record date is fixed and such dividend is not fully paid
or if such distribution is not fully made on the date fixed therefor, the
Conversion Rate will be recomputed accordingly as of the close of business on
such record date, and thereafter such Conversion Rate will be </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-6</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='B-6',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-07.htm',USER='105540',CD='Aug  1 00:05 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">adjusted
pursuant to this subparagraph (iii)&nbsp;as of the time of actual payment of
such dividends or distributions.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&nbsp;In the event the Corporation at any time or
from time to time after June&nbsp;15, 1997 makes or issues, or fixes a record
date for the determination of holders of Common Stock entitled to receive a
dividend or other distribution payable to all holders of Common Stock in
securities of the Corporation or Common Stock Equivalents, then, upon making
such dividend or distribution provisions will be made so that the Holder will
receive the amount of securities of the Corporation which it would have
received had its Series&nbsp;II Class&nbsp;B Preferred Stock been converted
into Common Stock on the date of such event.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&nbsp;In the event the Corporation sells or issues
any Common Stock, or sells or issues Common Stock Equivalents which can be
converted into Common Stock at a per share consideration (as defined below in
this subparagraph (v)&nbsp;of paragraph 7(f)&nbsp;less than the Stipulated
Price then in effect, then the Holder shall be entitled to purchase from the
Corporation in cash (for the same per share consideration at which such Common
Stock was issued or the per share price at which a share of Common Stock is
acquirable upon exercise or conversion of Common Stock Equivalents) that
additional number of shares of Common Stock which, when added to the number of
shares of Common Stock acquirable by the Holder upon conversion of any shares
of Series&nbsp;II Class&nbsp;B Preferred Stock outstanding and held by such
Holder immediately before such issue or sale (the &#147;Acquirable Shares&#148;), will
equal a percentage of the number of shares of Common Stock Deemed Outstanding
(as defined herein) immediately after such sale or issuance that is the same as
the percentage of the number of shares of Common Stock Deemed Outstanding
immediately before such issuance or sale represented by the Acquirable Shares.
This right shall exist for a forty-five-day period following the sale or
issuance of shares of Common Stock or Common Stock Equivalents, and thereafter
shall cease to exist.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the above purposes, the per share consideration
with respect to the sale or issuance of Common Stock will be the price per
share received by the Corporation, prior to the payment of any expenses,
commissions, discounts and other applicable costs. With respect to the sale or
issuance of Common Stock Equivalents which are convertible into or exchangeable
for Common Stock without further consideration, the per share consideration
will be determined by dividing the maximum number of shares of Common Stock
issuable with respect to such Common Stock Equivalents (as set forth in the
instrument relating thereto without regard to any provisions contained therein
for subsequent adjustment of such number) into the aggregate consideration
receivable by the Corporation upon the sale or issuance of such Common Stock
Equivalents. With respect to the issuance of other Common Stock Equivalents,
the per share consideration will be determined by dividing the maximum number
of shares of Common Stock issuable with respect to such Common Stock
Equivalents into the total aggregate consideration received by the Corporation
upon the sale or issuance of such Common Stock Equivalents plus the minimum
aggregate amount of additional consideration received by the Corporation upon
the conversion or exercise of such Common Stock Equivalents. In connection with
the sale or issuance of Common Stock and/or Common Stock Equivalents for
non-cash consideration, the amount of consideration will be the fair market
value of such consideration as determined in good faith by the Board of
Directors of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)&nbsp;As used herein, the term &#147;Stipulated Price&#148;
means initial price of $10.00 per share of Common Stock, as adjusted from time
to time pursuant to subparagraph (viii)&nbsp;of this paragraph 7(f); and the
term &#147;Common Stock Equivalent&#148; means any securities (whether debt or equity
securities) or rights issued by the Corporation convertible into or entitling
the holder thereof to receive shares of, or securities convertible into, Common
Stock. The number of shares of &#147;Common Stock Deemed Outstanding&#148; at any date
shall equal the sum of the number of shares of Common Stock then outstanding
plus the number of shares of Common Stock then obtainable pursuant to Common
Stock Equivalents.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)&nbsp;In the event the Corporation declares any
dividend or distribution payable to holders of its Common Stock (other than
dividends payable out of the Corporation&#146;s retained earnings or earned surplus
and dividends payable in shares of Common Stock or in securities convertible
into or exchangeable for shares of Common Stock or rights or warrants to
purchase Common Stock or </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-7</font></p>

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</div>
<!-- SEQ.=1,FOLIO='B-7',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-07.htm',USER='105540',CD='Aug  1 00:05 2009' -->


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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">securities
convertible into or exchangeable for shares of Common Stock or any other
securities issued by the Corporation), the Conversion Rate in effect
immediately prior to the record date for such dividend or distribution shall be
proportionately adjusted so that the Holder shall be entitled to receive the
number of shares of Common Stock into which such shares of Common Stock or
Preferred Stock was convertible immediately prior to such record date
multiplied by a fraction, the numerator of which is the fair market value of a
share of Common Stock on such record date and the denominator of which is such
per share fair market value of a share of Common Stock on such record date less
the fair market value on such record date of the securities or other property
which are distributed as a dividend or other distribution. The term &#147;fair
market value&#148; of a share of Common Stock or of any other security or other type
of property on any date means (A)&nbsp;in the case of Common Stock or any other
security (I)&nbsp;if the principal trading market for such Common Stock or
other security is an exchange or the NASDAQ national market on such date, the
closing price on such exchange or the NASDAQ national market on such date,
provided, if trading of such Common Stock or other security is listed on any
consolidated tape, the fair market value shall be the closing price set forth
on such consolidated tape on such date, or (II)&nbsp;if the principal market
for such Common Stock or other security is the over-the-counter market (other
than the NASDAQ national market) the mean between the closing bid and asked
prices on such date as set forth by NASDAQ or (B)&nbsp;in the case of Common
Stock or any other security for which the fair market value cannot be
determined pursuant to clause (A)&nbsp;above or of any other security or type
of property, fair market value thereof on such date as determined in good faith
by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)&nbsp;Whenever the Conversion Rate is adjusted
pursuant to this paragraph 7(f), the Stipulated Price shall also be adjusted by
multiplying it by a fraction that is the reciprocal of the fraction used to
adjust the Conversion Rate.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)&nbsp;The Corporation will not, by amendment of
its Articles of Incorporation or through any dissolution, issuance or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms to be observed or performed hereunder by the
Corporation, but at all times in good faith will assist in the carrying out of
all the provisions of this paragraph and in the taking of all such action as
may be necessary or appropriate in order to protect the conversion rights of
the Holder against impairment.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)&nbsp;No adjustment in the Conversion Rate shall be
required, unless such adjustment would require an increase or decrease of at
least one (1)&nbsp;share of Common Stock in the Conversion Rate of one share of
Series&nbsp;II Class&nbsp;B Preferred Stock, provided that all adjustments
which do not meet this minimum requirement shall be cumulated and the
adjustment will be made when the cumulated total is sufficient to require an
adjustment. All calculations made pursuant to this subparagraph (x)&nbsp;of
paragraph 7(f)&nbsp;shall be made to the nearest one-hundredth (1/100th) of a
share of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 22.5pt;text-align:justify;text-indent:27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g. <u>Fractional Shares</u>. No fractional shares of
Common Stock or scrip representing fractional shares of Common Stock shall be
issued upon any conversion of shares of Series&nbsp;II Class&nbsp;B Preferred
Stock but, in lieu thereof, there shall be paid an amount in cash equal to the
same fraction of the current market price of a whole share of Common Stock on
the day preceding the day of conversion.</font></p>

<p style="margin:0in 0in .0001pt 22.5pt;text-align:justify;text-indent:27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 22.5pt;text-align:justify;text-indent:27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h. <u>Statement to Transfer Agent</u>. Whenever the
Conversion Rate for shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall
be adjusted pursuant to the provisions of paragraph 7(f)&nbsp;hereof, the
Corporation shall forthwith maintain at its office and, if applicable, file
with the Transfer Agent for shares of Series&nbsp;II Class&nbsp;B Preferred
Stock and for shares of Common Stock, a statement signed by the President or a
Vice President of the Corporation and by its Treasurer or an Assistant
Treasurer, stating the adjusted Conversion Rate and setting forth in reasonable
detail the method of calculation and the facts requiring such adjustment, such
calculations to be confirmed by the Corporation&#146;s independent auditors, and
stating the facts on which the calculation is based. Each adjustment shall
remain in effect until a subsequent adjustment hereunder is required.</font></p>

<p style="margin:0in 0in .0001pt 22.5pt;text-align:justify;text-indent:27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8. <u>Registration
Rights</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. <u>Piggyback
Registration</u>. The Corporation, for a period ending six months after the
last share of Series&nbsp;II Class&nbsp;B Preferred Stock is redeemed, retired,
converted or otherwise no longer outstanding, will give written </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-8</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">notice to the Holder not
less than 20 days in advance of the initial filing of any registration
statement under the Securities Act of 1933 (other than a registration Statement
pertaining to securities issuable pursuant to employee stock option, stock
purchase, or similar plans or a registration statement pertaining to securities
issuable in connection with the acquisition of a business, whether through merger,
consolidation, acquisition of assets, or exchange of securities) covering any
Common Stock or other securities of the Corporation, and will afford the Holder
the opportunity to have included in such registration all or such part of the
shares of Common Stock acquired upon conversion of Series&nbsp;II Class&nbsp;B
Preferred Stock, as may be designated by written notice to the Corporation not
later than 10 days following receipt of such notice from the Corporation. The
Corporation shall be entitled to exclude the shares of Common Stock held by the
Holder from any one, but not more than one, such registration if the
Corporation is advised by its investment banking firm that the inclusion of
such shares will, in the opinion of such investment banking firm, materially
interfere with the orderly sale and distribution of the securities being
offered under such registration statement by the Corporation. Notwithstanding
the foregoing, the Corporation shall not be entitled to exclude the shares of
Common Stock held by the Holder if shares of other shareholders are being
included in any such registration statement and, in such circumstances, the
Holder shall be entitled to include the shares of Common Stock held by them on
a pro rata basis in the proportion that the number of shares of Common Stock
held by the Holder bears to the shares of Common Stock held by all other
shareholders, including shares in such registration statement. The Holder shall
not be entitled to include shares in more than two registration statements pursuant
to the provisions of this subdivision (a)&nbsp;of paragraph 8, and all rights
of the Holder under this subdivision (a)&nbsp;of paragraph 8 shall terminate
after the Holder has included shares of Common Stock in two registration
statements pursuant to this subdivision (a)&nbsp;of paragraph 8.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. <u>Expenses</u>.
The Corporation will pay all out-of-pocket costs and expenses of any
registration effected pursuant to the provisions of subdivision (a)&nbsp;of
this paragraph 8, including registration fees, legal fees, accounting fees,
printing expenses (including such number of any preliminary and the final
prospectus as may be reasonably requested), blue sky qualification fees and
expenses, and all other expenses, except for underwriting commissions or
discounts applicable to the shares of Common Stock being sold by the Holder and
the fees of counsel for the Holder, all of which shall be paid by the Holder.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.
Notwithstanding anything to the contrary contained herein, in the event that
the Corporation files an initial registration statement under the Securities
Act of 1933, as amended (other than a registration statement pertaining to
securities issuable in connection with the acquisition of a business, whether
through merger, consolidation, acquisition of assets or exchange of securities)
concerning any Common Stock of the Corporation, it will afford the Holder the
opportunity to convert his shares into that number of fully paid and
non-assessable shares of Common Stock prior to the three year holding period
stated in paragraph 7 above. The Corporation may also, at its option,
accelerate its redemption rights pursuant to paragraph 4 above in the event
that the Corporation files an initial registration statement under the
Securities Act of 1933, as amended.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9. <u>Reports</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any of the Series&nbsp;II Class&nbsp;B Preferred Stock shall be
outstanding, the Corporation shall submit to the Holder financial reports no
less frequently than annually.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10. <u>Miscellaneous</u>.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a. As
used herein, the term &#147;Common Stock&#148; shall mean the Corporation&#146;s Common Stock,
no par value, or, in the case of any reclassification or change of outstanding
shares of Common Stock, the stock or securities issued in exchange for such
Common Stock. The term &#147;Common Stock&#148; shall also include any capital stock of
the Corporation authorized after June&nbsp;15, 1995 which shall not be limited
to a fixed sum or sums or percentage or percentages of par value in respect of
the rights of the holders thereof to participate in dividends or in the
distribution of assets upon the voluntary or involuntary liquidation,
dissolution or winding up of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b. The
shares of Series&nbsp;II Class&nbsp;B Preferred Stock shall be fully
transferable by the Holder thereof, subject to compliance with the applicable
provisions of federal and state securities laws.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN
WITNESS WHEREOF, RETRACTABLE TECHNOLOGIES, INC. has caused its corporate seal
to be hereunto affixed and this <u>Amended </u>Certificate to be signed by its
President and Secretary this <strike>10</strike></font><strike><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font></strike><strike><font size="2" style="font-size:10.0pt;">&#160;day of May, 1999
</font></strike><u><font size="2" style="font-size:10.0pt;">_______ day of
_____, 2009.</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas J. Shaw</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTEST:</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="17%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.92%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Shayne Blythe</font></strike></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios </font></u></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="134" style="border:none;"></td>
  <td width="232" style="border:none;"></td>
  <td width="224" style="border:none;"></td>
  <td width="158" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-10</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix
C</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FILED</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Office of the</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary of State of
  Texas</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July&nbsp;29, 1998</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations Section</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED </font></u><font size="2" style="font-size:10.0pt;">CERTIFICATE OF DESIGNATION, PREFERENCES, RIGHTS
AND LIMITATIONS</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF THE SERIES III CLASS&nbsp;B
CONVERTIBLE PREFERRED STOCK</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE
TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Article&nbsp;2.13
of the Texas Business Corporation Act and Article&nbsp;Four of its Articles of
Incorporation, <u>as amended (the &#147;Articles of Incorporation&#148;)</u>, Retractable
Technologies,&nbsp;Inc., a corporation organized and existing under the laws of
the State of Texas (the Corporation),</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DOES HEREBY CERTIFY that
pursuant to the authority conferred upon the Board of Directors of the
Corporation by the Articles of Incorporation, as amended, and pursuant to the
Texas Business Corporation Act, said Board of Directors, by unanimous written
consent executed July&nbsp;2, 1998, adopted a resolution providing for the
creation of a series of Preferred Stock consisting of not more than two million
(2,000,000) shares of Series&nbsp;III Class&nbsp;B Convertible Preferred Stock,
which resolution is and reads as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESOLVED that, pursuant
to the authority provided in the Corporation&#146;s Articles of Incorporation and
expressly granted to and vested in the Board of Directors of Retractable
Technologies,&nbsp;Inc. (the &#147;Corporation&#148;), the Board of Directors hereby
creates out of the Preferred Stock, par value one ($1.00) dollar per share, of
the Corporation a series of Preferred Stock called the Series&nbsp;III Class&nbsp;B
Preferred Stock, consisting of not more than two million (2,000,000) shares,
and the Board of Directors hereby fixes the designation and the powers,
preference and rights, and the qualifications, limitations and restrictions
thereof, to the extent not otherwise provided in the Corporation&#146;s
qualifications, limitations and restrictions thereof, to the extent not
otherwise provided in the Corporation&#146;s Articles of Incorporation, as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 18.75pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designation of Series. The designation of
the series of Preferred Stock created by this resolution shall be &#147;Series&nbsp;III
Class&nbsp;B Convertible Preferred Stock&#148; (the &#147;Series&nbsp;III Class&nbsp;B
Preferred Stock&#148;).</font></p>

<p style="margin:0in 0in .0001pt 18.75pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 18.75pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends on Series&nbsp;III Class&nbsp;B
Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt 18.75pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 37.5pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Amount. The holders of the Series&nbsp;III
Class&nbsp;B Preferred Stock shall be entitled to receive, in any calendar
year, if, when and as declared by the Board of Directors, out of any assets at
the time legally available therefor and subject to the further limitations set
out herein, dividends at the per annum rate of $1.00 per share, all such
dividends due quarterly in arrears as of the last day of each March, June, September&nbsp;and
December&nbsp;of each year, the first dividend being declarable on December&nbsp;31,
1998. On each date which a dividend may be declared is hereafter called the &#147;Dividend
Date,&#148; and each quarterly period ending with a Dividend Date is hereinafter
referred to as the &#147;Dividend Period.&#148; Dividends shall be payable fifteen
calendar days after the Dividend Due Date, provided however, that if such date
on which a dividend is payable is a Saturday, Sunday or legal holiday, such
dividend shall be payable on the next following business day to the holders of
record (whether singular or plural, the &#147;Holder&#148;).</font></p>

<p style="margin:0in 0in .0001pt 37.5pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 37.5pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends Cumulative. Dividends upon the Series&nbsp;III
Class&nbsp;B Preferred Stock shall be accrued and be cumulative, whether or not
in any Dividend Period or Periods there shall be funds of the Corporation
legally available for the payment of such dividends.</font></p>

<p style="margin:0in 0in .0001pt 37.5pt;text-align:justify;text-indent:-18.75pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Accrual. On each Dividend Due
Date all dividends which shall have accrued since the last Dividend Due Date on
each share of Series&nbsp;III Class&nbsp;B Preferred Stock outstanding on such
Dividend Due Date shall accumulate and be deemed to become &#147;due.&#148; Any dividend
which shall not be paid on the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-1</font></p>

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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dividend
Due Date on which it shall become due shall be deemed to be &#147;past due&#148; until
such dividend shall be paid or until the share of Series&nbsp;III Class&nbsp;B
Preferred Stock with respect to which such dividend became due shall no longer
be outstanding, whichever is the earlier to occur. No interest, sum of money in
lieu of interest or other property or securities shall be payable in respect of
any dividend payment or payments which are past due. Dividends paid on shares
of Series&nbsp;III Class&nbsp;B Preferred Stock in an amount less than the
total amount of such dividends at the time accumulated and payable on such
shares shall be allocated pro rata on a share-by-share basis among all such
shares at the time outstanding. Dividend payments made with respect to a
Dividend Due Date shall be deemed to be made in payment of the dividends which
became due on that Dividend Due Date.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Arrearage. If a dividend upon
any shares of Series&nbsp;III Class&nbsp;B Preferred Stock is in arrears, all
dividends or other distributions declared upon shares of the Series&nbsp;III Class&nbsp;B
Preferred Stock (other than dividends paid in stock of the Corporation ranking
junior to the Series&nbsp;III Class&nbsp;B Preferred Stock as to dividends and
upon liquidation, dissolution or winding up) may only be declared pro rata.
Except as set forth above, if a dividend upon any shares of Series&nbsp;III Class&nbsp;B
Preferred Stock is in arrears: (i)&nbsp;no dividends (in cash, stock or other
property) may be paid or declared and set aside for payment <strike>or any other
distribution made</strike> upon any stock of the Corporation ranking junior to the Series&nbsp;III
Class&nbsp;B Preferred Stock as to dividends (other than dividends of
distributions in stock of the Corporation ranking junior to the Series&nbsp;III
Class&nbsp;B Preferred Stock as to dividends and upon liquidation, dissolution
or winding up); and (ii)&nbsp;no <u>preferred</u> stock of the Corporation
ranking junior to the Series&nbsp;III Class&nbsp;B Preferred Stock as to
dividends may be <strike>(A)&nbsp;</strike>redeemed pursuant to a sinking fund or
otherwise, except (1)&nbsp;by means of redemption pursuant to which all
outstanding shares of the Series&nbsp;III Class&nbsp;B Preferred Stock are
redeemed, or (2)&nbsp;by conversion of any such junior stock into, or exchange
of any such junior stock into, or exchange of any such junior stock for stock
of the Corporation ranking junior to the Series&nbsp;III Class&nbsp;B Preferred
Stock as to dividends and upon liquidation, dissolution or winding up<strike>, or (B)&nbsp;purchased
or otherwise acquired for any consideration by the Corporation except (1)&nbsp;pursuant
to an acquisition made pursuant to the terms of one or more offers to purchase
all of the outstanding shares of the Series&nbsp;III Class&nbsp;B Preferred
Stock, which offers shall each have been accepted by the holders of at least
50% of the shares of the Series&nbsp;III Class&nbsp;B Preferred Stock receiving
such offer outstanding at the commencement of the first of such purchase offers,
or (2)&nbsp;by conversion into or exchange for stock of the Corporation ranking
junior to the Series&nbsp;III Class&nbsp;B Preferred Stock as to dividends and
upon liquidation or winding up</strike>.&#160; <u>Notwithstanding
anything in this Certificate to the contrary, the Corporation shall be entitled
to purchase any of its shares ranking junior to the Series&nbsp;III Class&nbsp;B
Preferred Stock (including Common shares) on any terms it fixes, even where a
dividend upon shares of Series&nbsp;III Class&nbsp;B Preferred Stock is in
arrears, so long as:&#160; (A)&nbsp;the cash
assets of the Corporation as of its latest reporting period equals or exceeds
$40,000,000 or (B)&nbsp;if the cash assets of the Corporation as of its latest
reporting period was less than $40,000,000, the amount of funds utilized to
purchase such shares within the next quarter does not exceed 25% of the value
of the cash assets as of the previous reporting period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">General, Class&nbsp;and Series&nbsp;Voting
Rights. Except as provided in this Section&nbsp;3, or as otherwise from time to
time required by law, the Series&nbsp;III Class&nbsp;B Preferred Stock shall
have no voting rights.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any shares of Series&nbsp;III Class&nbsp;B Preferred Stock remain
outstanding, the consent of the holders of at least fifty-one (51%) percent of
the shares of Series&nbsp;III Class&nbsp;B Preferred Stock outstanding at the
time voting separately as a class, given in person or by proxy, either in
writing at any special or annual meeting called for the purpose, shall be
necessary to permit, effect or validate any one or more of the following:</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The authorization, creation or issuance,
or any increase in the authorized or issued amount, of any class or series of
stock (including any class or series of Preferred Stock) ranking equal or prior
(as the terms are hereinafter defined in this Section&nbsp;3) to the Series&nbsp;III
Class&nbsp;B Preferred Stock; or</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The amendment, alteration, or repeal,
whether by merger, consolidation, or otherwise, of any of the provisions of the
Articles of Incorporation or of this resolution which would alter or change the
powers, preferences or special rights of the shares of the Series&nbsp;III Class&nbsp;B
Preferred Stock so as to affect them adversely; provided, however, that any
increase in the amount of authorized Preferred Stock, or the creation and
issuance of other series of Preferred stock ranking junior to the Series&nbsp;III
Class&nbsp;B Preferred Stock with </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-2</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">respect
to the payment of dividends and the distribution of assets upon liquidation,
dissolution or winding up, shall not be deemed to adversely affect such powers,
preferences or special rights.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing voting provisions shall not apply if, at or prior to the time when
the act with respect to which such vote would otherwise be required shall be
effected, all outstanding shares of Series&nbsp;III Class&nbsp;B Preferred
Stock shall have been redeemed or sufficient funds shall have been deposited in
trust to effect such redemption.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Redemption. The outstanding shares of Series&nbsp;III
Class&nbsp;B Preferred Stock shall be nonredeemable prior to the lapse of three
(3)&nbsp;years from the date of issuance. On and after such date, the Series&nbsp;III
Class&nbsp;B Preferred Stock may be redeemed at the option of the Corporation,
as a whole at any time or in part from time to time, at the Redemption Price of
$15.00 per share plus all dividends (whether or not declared or due) accrued
and unpaid to the date of redemption (subject to the right of the holder of
record of shares of Series&nbsp;III Class&nbsp;B Preferred Stock on a record
date for the payment of a dividend on the Series&nbsp;III Class&nbsp;B
Preferred Stock to receive the dividend due on such shares of Series&nbsp;III Class&nbsp;B
Preferred Stock on the corresponding Dividend Due Date).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No sinking
fund shall be established for the Series&nbsp;III Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice
of any proposed redemption of shares of Series&nbsp;III Class&nbsp;B Preferred
Stock shall be mailed by means of first class mail, postage paid, addressed to
the holders of record of the shares of Series&nbsp;III Class&nbsp;B Preferred
Stock to be redeemed, at their respective addresses then appearing on the books
of the Corporation, at least thirty (30) days but not more than sixty (60) days
prior to the date fixed for such redemption (herein referred to as the &#147;Redemption
Date&#148;). Each such notice shall specify (i)&nbsp;the Redemption Date; (ii)&nbsp;the
Redemption Price; (iii)&nbsp;the place for payment and for delivering the stock
certificate(s)&nbsp;and transfer instrument(s)&nbsp;in order to collect the
Redemption Price; (iv)&nbsp;the shares of Series&nbsp;III Class&nbsp;B
Preferred Stock to be redeemed; and (v)&nbsp;the then effective Conversion
Price (as defined below) and that the right of holders of shares of Series&nbsp;III
Class&nbsp;B Preferred Stock being redeemed to exercise their Conversion right
shall terminate as to such shares at the close of business on the fifth day
before the Redemption Date, provided that no default by the Corporation in the
payment of the applicable Redemption Price (including any accrued and unpaid
dividends) shall have occurred and be continuing. Any notice mailed in such
manner shall be conclusively deemed to have been duly given whether or not such
notice is, in fact, received. If less than all the outstanding shares of Series&nbsp;III
Class&nbsp;B Preferred Stock are to be redeemed, the Corporation will select
those to be redeemed by lot or by a substantially equivalent method. In order
to facilitate the redemption of Series&nbsp;III Class&nbsp;B Preferred Stock to
be redeemed, notice of any such proposed redemption, shall not be more than
sixty (60) days prior to the Redemption Date with respect thereto.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
holder of any shares of Series&nbsp;III Class&nbsp;B Preferred Stock redeemed
upon any exercise of the Corporation&#146;s redemption right shall not be entitled
to receive payment of the Redemption Price for such shares until such holder
shall cause to be delivered to the place specified in the notice given with
respect to such redemption (i)&nbsp;the certificate(s)&nbsp;representing such
shares of Series&nbsp;III Class&nbsp;B Preferred Stock; and (ii)&nbsp;transfer
instrument(s)&nbsp;satisfactory to the Corporation and sufficient to transfer
such shares free of any adverse interest. No interest shall accrue on the
Redemption Price of any share of Series&nbsp;III Class&nbsp;B Preferred Stock
after its Redemption Date.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to Section 2 hereof,</font></strike><font size="2" style="font-size:10.0pt;">
<u>Notwithstanding anything in this Certificate to the contrary</u>, the
Corporation shall have the right to purchase shares of Series&nbsp;III Class&nbsp;B
Preferred Stock from <strike>the</strike>  <u>any</u> owner of such shares on such terms
as may be agreeable to such owner. Shares of Series&nbsp;III Class&nbsp;B
Preferred Stock may be acquired by the Corporation from any stockholder
pursuant to this paragraph without offering any other stockholder an equal
opportunity to sell his stock to the Corporation, and no purchase by the Corporation
from any stockholder pursuant to this paragraph shall be deemed to create any
right on the part of any stockholder to sell any shares of Series&nbsp;III Class&nbsp;B
Preferred Stock (or any other stock) to the Corporation.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding
the foregoing provisions of this Section&nbsp;4, and subject to the provisions
of Section&nbsp;2 hereof, if a dividend upon any shares of Series&nbsp;III Class&nbsp;B
Preferred Stock is past due, (i)&nbsp;no shares of the Series&nbsp;III Class&nbsp;B
Preferred Stock may be redeemed, except (A)&nbsp;by means of a redemption
pursuant to which all outstanding shares of the Series&nbsp;III Class&nbsp;B
Preferred Stock are simultaneously redeemed (or offered to be so redeemed) or </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-3</font></p>

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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">pursuant
to which the outstanding shares of the Series&nbsp;III Class&nbsp;B Preferred
Stock are redeemed on a pro rata basis (or offered to be so redeemed), or (B)&nbsp;by
conversion of shares of Series&nbsp;III Class&nbsp;B Preferred Stock into, or
exchange of such shares for, Common Stock or any other stock of the Corporation
ranking junior to the Series&nbsp;III Class&nbsp;B Preferred Stock as to
dividends and upon liquidation, dissolution or winding up.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Liquidation. In the event of any
voluntary or involuntary dissolution, liquidation or winding up of the
Corporation (for the purposes of this Section&nbsp;5, a &#147;Liquidation&#148;), before
any distribution of assets shall be made to the holders of the Common Stock or
the holders of any other stock that ranks junior to the Series&nbsp;III Class&nbsp;B
Preferred Stock in respect of distributions upon the Liquidation of the
Corporation, the holder of each share of Series&nbsp;III Class&nbsp;B Preferred
Stock then outstanding shall be entitled to $12.50 per share plus all dividends
(whether or not declared or due) accrued and unpaid on such share on the date
fixed for the distribution of assets of the Corporation to the holders of Series&nbsp;III
Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
upon any Liquidation of the Corporation, the assets available for distribution
to the holder of Series&nbsp;III Class&nbsp;B Preferred Stock which shall then
be outstanding (hereinafter in this paragraph called the &#147;Total Amount
Available&#148;) shall be insufficient to pay the holders of all outstanding shares
of Series&nbsp;III Class&nbsp;B Preferred Stock the full amounts (including all
dividends accrued and unpaid) to which they shall be entitled by reason of such
Liquidation of the Corporation, then there shall be paid ratably to the holders
of the Series&nbsp;III Class&nbsp;B Preferred Stock in connection with such
Liquidation of the Corporation, an amount equal to each holder&#146;s pro rata share
of the Total Amount Available.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
voluntary sale, conveyance, lease, exchange or transfer of all or substantially
all the property or assets of the Corporation, or the merger or consolidation
of the Corporation into another Corporation, or any purchase or redemption of
some or all of the shares of any class or series of stock of the Corporation,
shall not be deemed to be a Liquidation of the Corporation for the purposes of
this Section&nbsp;5 (unless in connection therewith the Liquidation of the
Corporation is specifically approved).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Privilege. At any time
subsequent to three years after issuance of any share of Series&nbsp;III Class&nbsp;B
Preferred Stock, the holder of any share of Series&nbsp;III Class&nbsp;B
Preferred Stock (&#147;Holder&#148;) shall have the right, at such Holder&#146;s option (but
if such share is called for redemption or exchange at the election of the
Corporation, then in respect of such share only to and including but not after
the close of business on (i)&nbsp;the fifth calendar day before the date fixed
for such redemption; or (ii)&nbsp;the date fixed for such exchange, provided
that the Corporation has set aside funds sufficient to effect such redemption)
to convert such share into that number of fully paid and non-assessable shares
of Common Stock (calculated as to each conversion to the nearest 1/100th of a
share) obtained by dividing $10.00 by the Conversion Rate then in effect.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Rate. Each share of Series&nbsp;III
Class&nbsp;B Preferred Stock may be converted, subject to the terms and
provisions of this paragraph 6 into one (1)&nbsp;share of the Corporation&#146;s
Common Stock, which is a price equal to one share of Common Stock for each
$10.00 of Series&nbsp;III Class&nbsp;B Preferred Stock or, in case an
adjustment of such rate has taken place pursuant to the provisions of
subdivision (f)&nbsp;of this paragraph 6, then at the Conversion Rate as last
adjusted (such rate or adjusted rate, shall be expressed as the number of shares
of Common Stock to be acquired upon conversion of one share of Series&nbsp;III Class&nbsp;B
Preferred Stock, and shall be referred to herein as the &#147;Conversion Rate&#148;).
Each share of Series&nbsp;III Class&nbsp;B Preferred Stock shall be Convertible
into Common Stock by surrender to the Corporation of the certificate
representing such shares of Series&nbsp;III Class&nbsp;B Preferred Stock to be
converted by the Holder and by giving written notice to the Corporation of the
Holder&#146;s election to convert.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Corporation shall, as soon as practicable after receipt of such written notice
and the proper surrender to the Corporation of the certificate or certificates
representing shares of Series&nbsp;III Class&nbsp;B Preferred Stock to be
converted in accordance with the above provisions, issue and deliver for the
benefit of the Holder at the office of the Corporation&#146;s duly appointed
transfer agent (the &#147;Transfer Agent&#148;) to the Holder for whose account such
shares of Series&nbsp;III Class&nbsp;B Preferred Stock were so surrendered or
to such Holder&#146;s nominee or nominees, certificates for the number of shares of
Common Stock to which the Holder shall be entitled. The certificates of Common
Stock of the Corporation issued upon conversion shall bear such legends as may
be required by state or federal laws. Such conversion shall be deemed to have
been effective immediately prior to the close of business on the date on which
the Corporation shall have received both </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-4</font></p>

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</div>
<!-- SEQ.=1,FOLIO='C-4',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-09.htm',USER='105540',CD='Aug  1 00:06 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">such
written notice and the properly surrendered certificates for shares of Series&nbsp;III
Class&nbsp;B Preferred Stock to be converted (the &#147;Conversion Date&#148;), and at
such time the rights of the Holder shall cease and the person or persons
entitled to receive the shares of Common Stock issuable upon the conversion of
such shares of Series&nbsp;III Class&nbsp;B Preferred Stock shall be deemed to
be, and shall be treated for all purposes as, the record Holder or Holders of
such Common Stock on the Conversion Date. The Corporation shall not be required
to convert, and no surrender of shares of Series&nbsp;III Class&nbsp;B
Preferred Stock or written notice of conversion with respect thereto shall be
effected for that purpose, while the stock transfer books of the Corporation
are closed for any reasonable business purpose for any reasonable period of
time, but shall be required to convert upon the proper surrender of shares of Series&nbsp;III
Class&nbsp;B Preferred Stock for conversion immediately upon the reopening of
such books. During the period in which the stock transfer books of the
Corporation are closed, the Corporation may neither declare a dividend, declare
a record date for payment of dividends nor make any payment of dividends.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends. If any shares of Series&nbsp;III
Class&nbsp;B Preferred Stock shall be converted during any dividend payment
period, the Holder shall be entitled to all dividends accrued up to and through
such Conversion Date, at the rate set forth herein, whether or not there has been
a Dividend Date, as set forth in paragraph 2 hereof.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Cancellation. Series&nbsp;III Class&nbsp;B
Preferred Stock converted into Common stock pursuant to the provisions of this
paragraph 6 shall be retired and cancelled by the Corporation and given the
status of authorized and unissued preferred stock.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reissuance if Conversion is Partial. In
the case of any certificate representing shares of Series&nbsp;III Class&nbsp;B
Preferred Stock which is surrendered for conversion only in part, the
Corporation shall issue and deliver to the Holder a new certificate or
certificates for Series&nbsp;III Class&nbsp;B Preferred Stock of such
denominations as requested by the Holder in the amount of Series&nbsp;III Class&nbsp;B
Preferred Stock equal to the unconverted shares of the Series&nbsp;III Class&nbsp;B
Preferred Stock represented by the certificate so surrendered.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reservations of Shares. The Corporation
shall at all times during which shares of Series&nbsp;III Class&nbsp;B
Preferred Stock may be converted into Common Stock as provided in this
paragraph (e), reserve and keep available, out of any Common Stock held as
treasury stock or out of its authorized and unissued Common Stock, or both,
solely for the purpose of delivery upon conversion of the shares of Series&nbsp;III
Class&nbsp;B Preferred Stock as herein provided, such number of shares of
Common Stock as shall then be sufficient to effect the conversion of all shares
of Series&nbsp;III Class&nbsp;B Preferred Stock from time to time outstanding,
and shall take such action as may from time to time be necessary to ensure that
such shares of Common Stock will, when issued upon conversion of Series&nbsp;III
Class&nbsp;B Preferred Stock, be fully paid and nonassessable.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Adjustment of Conversion Rate. The
Conversion Rate provided in subdivision (a)&nbsp;of this paragraph 6, in
respect of Series&nbsp;III Class&nbsp;B Preferred Stock, shall be subject to
adjustments from time to time as follows:</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">While any shares of Series&nbsp;III Class&nbsp;B
Preferred Stock shall be outstanding, in case the Corporation shall subdivide
the outstanding shares of Common Stock into a greater number of shares of
Common Stock or combine the outstanding shares of Common Stock into a smaller
number of shares of Common Stock, or issue, by reclassification of its shares
of Common Stock, any shares of the Corporation, the Conversion Rate in effect
immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the number of shares which it would have owned or been
entitled to receive after the happening of any of the events described above,
had such shares of Series&nbsp;III Class&nbsp;B Preferred Stock been converted
immediately prior to the happening of such event, such adjustment to become
effective immediately after the opening of business on the day following the
day upon which such subdivision or combination or reclassification, as the case
may be, becomes effective.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In case the Corporation shall be
consolidated with, or merge into, any other corporation, and the Corporation
does not survive, proper provisions shall be made as a part of the terms of
such consolidation or merger, whereby the Holder shall thereafter be entitled,
upon exercise of such Holder&#146;s conversion rights, to receive the kind and
amount of shares of stock or other securities of </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-5</font></p>

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<!-- SEQ.=1,FOLIO='C-5',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-09.htm',USER='105540',CD='Aug  1 00:06 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the
Corporation resulting from such consolidation or merger, or such other
property, as the Holder would have received if such conversion rights were
exercised immediately prior to the effectiveness of such merger or
consolidation.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time, or from time
to time after August&nbsp;1, 1998 makes or issues, or fixes a record date for
the determination of holders of Common Stock entitled to receive, a dividend or
other distribution payable in additional shares of Common Stock or Common Stock
Equivalents (as defined herein) which does not provide for the payment of any
consideration upon the issuance, conversion or exercise thereof, without a
corresponding dividend or other distribution to the Holder, based upon the
number of shares of Common Stock into which the Series&nbsp;III Class&nbsp;B
Preferred Stock is convertible, then and in each such event the Conversion Rate
then in effect will be increased as of the time of such issuance or, in the
event such a record date shall have been fixed, as of the close of business on
such record date, by multiplying such Conversion rate by a fraction:</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The numerator of which will be the total
number of shares of Common Stock issued and Outstanding immediately prior to
the time of such issuance or the close of business on such record date plus the
number of shares of Common Stock issuable in payment of such dividend or
distribution (which, in the case of Common Stock Equivalents, shall mean the
maximum number of shares of Common Stock issuable with respect thereto, as set
forth in the instrument relative thereto without regard to any provision for
subsequent adjustment); and</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The denominator of which will be the
total number of shares of Common Stock issued and outstanding immediately prior
to the time of such issuance or the close of business on such record date;
provided, however, that if such record date is fixed and such dividend is not
fully paid or if such distribution is not fully made on the date fixed
therefor, the Conversion Rate will be recomputed accordingly as of the close of
business on such record date, and thereafter such Conversion Rate will be
adjusted pursuant to this subparagraph (iii)&nbsp;as of the time of actual
payment of such dividends or distributions.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time
or from time to time after August&nbsp;1, 1998 makes or issues, or fixes a
record date for the determination of holders of Common Stock entitled to
receive a dividend or other distribution payable to all holders of Common Stock
in securities of the Corporation or Common Stock Equivalents, then, upon making
such dividend or distribution provisions will be made so that the Holder will
receive the amount of securities of the Corporation which it would have
received had its Series&nbsp;III Class&nbsp;B Preferred Stock been converted
into Common Stock on the date of such event.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation sells or
issues any Common Stock, or sells or issues Common Stock Equivalents which can
be converted into Common Stock at a per share consideration (as defined below
in this subparagraph (v)&nbsp;of paragraph 6(f)&nbsp;less than the Stipulated
Price then in effect, then the Holder shall be entitled to purchase from the
Corporation in cash (for the same per share consideration at which such Common
Stock was issued or the per share price at which a share of Common Stock is
acquirable upon exercise or conversion of Common Stock Equivalents) that
additional number of shares of Common Stock which, when added to the number of
shares of Common Stock acquirable by the Holder upon conversion of any shares
of Series&nbsp;III Class&nbsp;B Preferred Stock outstanding and held by such
Holder immediately before such issue or sale (the &#147;Acquirable Shares&#148;), will
equal a percentage of the number of shares of Common Stock Deemed Outstanding
(as defined herein) immediately after such sale or issuance that is the same as
the percentage of the number of shares of Common Stock Deemed Outstanding
immediately before such issuance or sale represented by the Acquirable Shares.
This right shall exist for a forty-five-day period following the sale or
issuance of shares of Common Stock or Common Stock Equivalents, and thereafter
shall cease to exist.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
the above purposes, the per share consideration with respect to the sale or
issuance of Common Stock will be the price per share received by the
Corporation, prior to the payment of </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-6</font></p>

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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">any
expenses, commissions, discounts and other applicable costs. With respect to
the sale or issuance of Common Stock Equivalents which are convertible into or
exchangeable for Common Stock without further consideration, the per share
consideration will be determined by dividing the maximum number of shares of
Common Stock issuable with respect to such Common Stock Equivalents (as set
forth in the instrument relating thereto without regarding to any provisions
contained therein for subsequent adjustment of such number) into the aggregate
consideration receivable by the Corporation upon the sale or issuance of such
Common Stock Equivalents. With respect to the issuance of other Common Stock
Equivalents, the per share consideration will be determined by dividing the
maximum number of shares of Common Stock issuable with respect to such Common
Stock Equivalents into the total aggregate consideration received by the
Corporation upon the sale or issuance of such Common Stock Equivalents plus the
minimum aggregate amount of additional consideration received by the
Corporation upon the conversion or exercise of such Common Stock Equivalents.
In connection with the sale or issuance of Common Stock and/or Common Stock
Equivalents for non-cash consideration, the amount of consideration will be the
fair market value of such consideration as determined in good faith by the
Board of Directors of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Stipulated
Price&#148; means initial price of $10.00 per share of Common Stock, as adjusted
from time to time pursuant to subparagraph (viii)&nbsp;of this paragraph 6(f);
and the term &#147;Common Stock Equivalent&#148; means any securities (whether debt or
equity securities) or rights issued by the Corporation convertible into or
entitling the holder thereof to receive shares of, or securities convertible
into, Common Stock. The number of shares of &#147;Common Stock Deemed Outstanding&#148;
at any date shall equal the sum of the number of shares of Common Stock then
outstanding plus the number of shares of Common Stock then obtainable pursuant
to Common Stock Equivalents.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation declares any dividend or
distribution payable to holders of its Common Stock (other than dividends
payable out of the Corporation&#146;s retained earnings or earned surplus and
dividends payable in shares of Common Stock or in securities convertible into
or exchangeable for shares of Common Stock or rights or warrants to purchase
Common Stock or securities convertible into or exchangeable for shares of
Common Stock or securities convertible into or exchangeable for shares of
Common Stock or any other securities issued by the Corporation), the Conversion
Rate in effect immediately prior to the record date for such dividend or
distribution shall be proportionately adjusted so that the Holder shall be
entitled to receive the number of shares of Common Stock into which such shares
of Common Stock or Preferred Stock was convertible immediately prior to such
record date multiplied by a fraction, the numerator of which is the fair market
value of a share of Common Stock on such record date and the denominator of
which is such per share fair market value of a share of Common Stock on such
record date less the fair market value on such record date of the securities or
other property which are distributed as a dividend or other distribution. The
term &#147;fair market value&#148; of a share of Common Stock or of any other security or
other type of property on any date means (A)&nbsp;in the case of Common Stock
or any other security (I)&nbsp;if the principal trading market for such Common
Stock or other security is an exchange or the NASDAQ national market on such
date, the closing price on such exchange or the NASDAQ national market on such
date, provided, if trading of such Common Stock or other security is listed on
any consolidated tape, the fair market value shall be the closing price set
forth on such consolidated tape on such date, or (II)&nbsp;if the principal
market for such Common Stock or other security is the over-the-counter market
(other than the NASDAQ national market) the mean between the closing bid and
asked prices on such date as set forth by NASDAQ or (B)&nbsp;in the case of
Common Stock or any other security for which the fair market value cannot be
determined pursuant to clause (A)&nbsp;above or of any other security or type
of property, fair market value thereof on such date as determined in good faith
by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Whenever the Conversion Rate is adjusted pursuant to
this paragraph 6(f), the Stipulated Price shall also be adjusted by multiplying
it by a fraction that is the reciprocal of the fraction used to adjust the
Conversion Rate.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-7</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='C-7',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-09.htm',USER='105540',CD='Aug  1 00:06 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Corporation will not, by amendment of
its Articles of Incorporation or through any dissolution, issuance or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms to be observed or performed hereunder by the
Corporation, but at all times in good faith will assist in the carrying out of
all the provisions of this paragraph and in the taking of all such action as
may be necessary or appropriate in order to protect the conversion rights of
the Holder against impairment.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No adjustment in the Conversion Rate
shall be required, unless such adjustment would require an increase or decrease
of at least one (1)&nbsp;share of Common Stock in the Conversion Rate of one
share of Series&nbsp;III Class&nbsp;B Preferred Stock, provided that all
adjustments which do not meet this minimum requirement shall be cumulated and
the adjustment will be made when the cumulated total is sufficient to require
an adjustment.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All
calculations made pursuant to this subparagraph (x)&nbsp;of paragraph 6(f)&nbsp;shall
be made to the nearest one-hundredth (1/100th) of a share of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Fractional Shares. No fractional shares
of Common Stock or scrip representing fractional shares of Common Stock shall
be issued upon any conversion of shares of Series&nbsp;III Class&nbsp;B
Preferred Stock but, in lieu thereof, there shall be paid an amount in cash
equal to the same fraction of the current market price of a whole share of
Common Stock on the day preceding the day of conversion.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Statement to Transfer Agent. Whenever the
Conversion Rate for shares of Series&nbsp;III Class&nbsp;B Preferred Stock
shall be adjusted pursuant to the provisions of paragraph 6(f)&nbsp;hereof, the
Corporation shall forthwith maintain at its office and, if applicable, file
with the Transfer Agent for shares of Series&nbsp;III Class&nbsp;B Preferred
Stock and for shares of Common Stock, a statement signed by the President or a
Vice President of the Corporation and by its Treasurer or an Assistant
Treasurer, stating the adjusted Conversion Rate and setting forth in reasonable
detail the method of calculation and the facts requiring such adjustment, such
calculations to be confirmed by the Corporation&#146;s independent auditors, and
stating the facts on which the calculation is based. Each adjustment shall
remain in effect until a subsequent adjustment hereunder is required.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Registration Rights.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Piggyback Registration. The Corporation,
for a period ending six months after the last share of Series&nbsp;III Class&nbsp;B
Preferred Stock is redeemed, retired, converted or otherwise no longer
outstanding, will give written notice to the Holder not less than 20 days in
advance of the initial filing of any registration statement under the
Securities Act of 1933 (other than a registration Statement pertaining to
securities issuable pursuant to employee stock option, stock purchase, or
similar plans or a registration statement pertaining to securities issuable in
connection with the acquisition of a business, whether through merger,
consolidation, acquisition of assets, or exchange of securities) covering any
Common Stock or other securities of the Corporation, and will afford the Holder
the opportunity to have included in such registration all or such part of the
shares of Common Stock acquired upon conversion of Series&nbsp;III Class&nbsp;B
Preferred Stock, as may be designated by written notice to the Corporation not
later than 10 days following receipt of such notice from the Corporation. The
Corporation shall be entitled to exclude the shares of Common Stock held by the
Holder from any one, but not more than one, such registration if the
Corporation in its sole discretion decides that the inclusion of such shares
will materially interfere with the orderly sale and distribution of the
securities being offered under such registration statement by the Corporation.
Notwithstanding the foregoing, the Corporation shall not be entitled to exclude
the shares of Common Stock held by the Holder if shares of other shareholders
are being included in any such registration statement and, in such
circumstances, the Holder shall be entitled to include the shares of Common
Stock held by them on a pro rata basis in the proportion that the number of
shares of Common Stock held by the Holder bears to the shares of Common Stock
held by all other shareholders, including shares in such registration
statement. The Holder shall not be entitled to include shares in more than two
registration statements pursuant to the provisions of this subdivision (a)&nbsp;of
paragraph 7, and all rights of the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-8</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='C-8',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-09.htm',USER='105540',CD='Aug  1 00:06 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holder
under this subdivision (a)&nbsp;of paragraph 7 shall terminate after the Holder
has included shares of Common Stock in two registration statements pursuant to
this subdivision (a)&nbsp;of paragraph 7.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Expenses. The Corporation will pay all
out-of-pocket costs and expenses of any registration effected pursuant to the
provisions of subdivision (a)&nbsp;of this paragraph 7, including registration
fees, legal fees, accounting fees, printing expenses (including such number of
any preliminary and the final prospectus as may be reasonably requested), blue
sky qualification fees and expenses, and all other expenses, except for
underwriting commissions or discounts applicable to the shares of Common Stock
being sold by the Holder and the fees of counsel for the Holder, all of which
shall be paid by the Holder.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Notwithstanding anything to the contrary
contained herein, in the event that the Corporation files an initial
registration statement under the Securities Act of 1933, as amended (other than
a registration statement pertaining to securities issuable in connection with the
acquisition of a business, whether through merger, consolidation, acquisition
of assets or exchange of securities) concerning any Common Stock of the
Corporation, it will afford the Holder the opportunity to convert his shares
into that number of fully paid and non-assessable shares of Common Stock prior
to the three year holding period stated in paragraph 6 above. The Corporation
may also, at its option at any time within one-hundred and eighty (180) days
after an initial registration statement is deemed effective, demand the
conversion of the Series&nbsp;III Class&nbsp;B Preferred Stock into that number
of fully paid and non-assessable shares of Common Stock as provided herein.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reports.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any of the Series&nbsp;III Class&nbsp;B Preferred Stock shall be outstanding,
the Corporation shall submit to the Holder financial reports no less frequently
than annually.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Miscellaneous.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Common Stock&#148;
shall mean the Corporation&#146;s Common Stock, no par value, or, in the case of any
reclassification or change of outstanding shares of Common Stock, the stock or
securities issued in exchange for such Common Stock. The term &#147;Common Stock&#148;
shall also include any capital stock of the Corporation authorized after March&nbsp;31,
1998 which shall not be limited to a fixed sum or sums or percentage or
percentages of par value in respect of the rights of the holders thereof to
participate in dividends or in the distribution of assets upon the voluntary or
involuntary liquidation, dissolution or winding up of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The shares of Series&nbsp;III Class&nbsp;B
Preferred Stock shall be fully transferable by the Holder thereof, subject to
compliance with the applicable provisions of federal and state securities laws.</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF,
RETRACTABLE TECHNOLOGIES, INC. has caused its corporate seal to be hereunto
affixed and this <u>Amended </u>Certificate to be signed by its <strike>Chief
Executive Officer</strike>  <u>President and</u> Secretary this <strike>10</strike></font><strike><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font></strike><strike><font size="2" style="font-size:10.0pt;">&#160;day of July,
1998</font></strike><font size="2" style="font-size:10.0pt;">  <u>_____day
of ____, 2009.</u></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas J. Shaw</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">President</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its Chief Executive
  Officer</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTEST:</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="18%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.58%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Lillian E. Salerno</font></strike></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios </font></u></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in 0in 0in 0in;width:23.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <td width="210" style="border:none;"></td>
  <td width="176" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-indent:3.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix D</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FILED</font></p>
  </td>
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  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Office of the</font></p>
  </td>
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  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary of State of
  Texas</font></p>
  </td>
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  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;24, 2000</font></p>
  </td>
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  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations Section</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED </font></u><font size="2" style="font-size:10.0pt;">CERTIFICATE OF DESIGNATION, PREFERENCES,
RIGHTS AND LIMITATIONS</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF THE SERIES IV CLASS&nbsp;B
CONVERTIBLE PREFERRED STOCK</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE
TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Article&nbsp;2.13
of the Texas Business Corporation Act and Article&nbsp;Four of its Articles of
Incorporation, <u>as amended (the &#147;Articles of Incorporation&#148;)</u>, Retractable
Technologies,&nbsp;Inc., a corporation organized and existing under the laws of
the State of Texas (the &#147;Corporation&#148;),</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DOES HEREBY CERTIFY that,
pursuant to the authority conferred upon the Board of Directors of the
Corporation by the Articles of Incorporation, as amended, and pursuant to the
Texas Business Corporation Act, said Board of Directors, by unanimous written
consent, executed December&nbsp;20, 1999, adopted a resolution providing for
the creation of a series of Preferred Stock consisting of not more than one
million three hundred thousand (1,300,000) shares of Series&nbsp;IV Class&nbsp;B
Convertible Preferred Stock, which resolution is and reads as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESOLVED that pursuant to
the authority provided in the Corporation&#146;s Articles of Incorporation and
expressly granted to and vested in the Board of Directors of the Corporation,
the Board of Directors hereby creates out of the Preferred Stock, par value One
Dollar ($1.00) per share, of the Corporation a series of Preferred Stock called
the Series&nbsp;IV Class&nbsp;B Preferred Stock, consisting of not more than
one million three hundred thousand (1,300,000) shares, and the Board of
Directors hereby fixes the designation and the powers, preference and rights,
and the qualifications, limitations and restrictions thereof, to the extent not
otherwise provided in the Corporation&#146;s qualifications, limitations and
restrictions thereof, to the extent not otherwise provided in the Corporation&#146;s
Articles of Incorporation, as follows:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designation of Series. The designation of
the series of Preferred Stock created by this resolution shall be &#147;Series&nbsp;IV
Class&nbsp;B Convertible Preferred Stock&#148; (the &#147;Series&nbsp;IV Class&nbsp;B
Preferred Stock&#148;).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends on Series&nbsp;IV Class&nbsp;B
Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Amount. The holders of the Series&nbsp;IV
Class&nbsp;B Preferred Stock shall be entitled to receive, in any calendar
year, if, when and as declared by the Board of Directors, out of any assets at
the time legally available therefor and subject to the further limitations set
out herein, dividends at the per annum rate of $1.00 per share, all such
dividends due quarterly in arrears as of the last day of each March, June, September&nbsp;and
December&nbsp;of each year, the first dividend being declarable on December&nbsp;31,
2000. On each date which a dividend may be declared is hereafter called the &#147;Dividend
Date,&#148; and each quarterly period ending with a Dividend Date is hereinafter
referred to as the &#147;Dividend Period.&#148; Dividends shall be payable fifteen
calendar days after the Dividend Due Date, provided however, that if such date
on which a dividend is payable is a Saturday, Sunday or legal holiday, such
dividend shall be payable on the next following business day to the holders of
record (whether singular or plural, the &#147;Holder&#148;).</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends Cumulative. Dividends upon the Series&nbsp;IV
Class&nbsp;B Preferred Stock shall be accrued and be cumulative, whether or not
in any Dividend Period or Periods there shall be funds of the Corporation
legally available for the payment of such dividends.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Accrual. On each Dividend Due
Date all dividends which shall have accrued since the last Dividend Due Date on
each share of Series&nbsp;IV Class&nbsp;B Preferred Stock outstanding on such
Dividend Due Date shall accumulate and be deemed to become &#147;due.&#148; Any dividend
which shall not be paid on</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the
Dividend Due Date on which it shall become due shall be deemed to be &#147;past due&#148;
until such dividend shall be paid or until the share of Series&nbsp;IV Class&nbsp;B
Preferred Stock with respect to which such dividend became due shall no longer
be outstanding, whichever is the earlier to occur. No interest, sum of money in
lieu of interest or other property or securities shall be payable in respect of
any dividend payment or payments which are past due. Dividends paid on shares
of Series&nbsp;IV Class&nbsp;B Preferred Stock in an amount less than the total
amount of such dividends at the time accumulated and payable on such shares
shall be allocated pro rata on a share-by-share basis among all such shares at
the time outstanding. Dividend payments made with respect to a Dividend Due
Date shall be deemed to be made in payment of the dividends which became due on
that Dividend Due Date.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Arrearage. If a dividend upon
any shares of Series&nbsp;IV Class&nbsp;B Preferred Stock is in arrears, all
dividends or other distributions declared upon shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock (other than dividends paid in stock of the Corporation ranking
junior to the Series&nbsp;IV Class&nbsp;B Preferred Stock as to dividends and
upon liquidation, dissolution or winding up) may only be declared pro rata.
Except as set forth above, if a dividend upon any shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock is in arrears: (i)&nbsp;no dividends (in cash, stock or other
property) may be paid or declared and set aside for payment <strike>or any other distribution
made</strike> upon any stock of the Corporation ranking junior to the Series&nbsp;IV
Class&nbsp;B Preferred Stock as to dividends (other than dividends of
distributions in stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding
up); and (ii)&nbsp;no <u>preferred</u> stock of the Corporation ranking junior
to the Series&nbsp;IV Class&nbsp;B Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed
pursuant to a sinking fund or otherwise, except (1)&nbsp;by means of redemption
pursuant to which all outstanding shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock are redeemed, or (2)&nbsp;by conversion of any such junior
stock into, or exchange of any such junior stock into, or exchange of any such
junior stock for stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding up<strike>,
or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Series&nbsp;IV
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;IV Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;IV Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if
the cash assets of the Corporation as of its latest reporting period was less
than $40,000,000, the amount of funds utilized to purchase such shares within
the next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">General, Class&nbsp;and Series&nbsp;Voting Rights.
Except as provided in this Section&nbsp;3, or as otherwise from time to time
required by law, the Series&nbsp;IV Class&nbsp;B Preferred Stock shall have no
voting rights.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any shares of Series&nbsp;IV Class&nbsp;B Preferred Stock remain
outstanding, the consent of the holders of at least fifty-one percent (51%) of
the shares of Series&nbsp;IV Class&nbsp;B Preferred Stock outstanding at the
time voting separately as a class, given in person or by proxy, either in
writing at any special or annual meeting called for the purpose, shall be
necessary to permit, effect or validate any one or more of the following:</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The authorization, creation or issuance,
or any increase in the authorized or issued amount, of any class or series of
stock (including any class or series of Preferred Stock) ranking equal or prior
to the Series&nbsp;IV Class&nbsp;B Preferred Stock; or</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The amendment, alteration, or repeal,
whether by merger, consolidation or otherwise, of any of the provisions of the
Articles of Incorporation or of this resolution which would alter or change the
powers, preferences or special rights of the shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock so as to affect them adversely; provided, however, that any
increase in the amount of authorized Preferred</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='D-2',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-11.htm',USER='105540',CD='Aug  1 00:02 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock,
or the creation and issuance of other series of Preferred stock ranking junior
to the Series&nbsp;IV Class&nbsp;B Preferred Stock with respect to the payment
of dividends and the distribution of assets upon liquidation, dissolution or
winding up, shall not be deemed to adversely affect such powers, preferences or
special rights.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing voting provisions shall not apply if, at or prior to the time when
the act with respect to which such vote would otherwise be required shall be
effected, all outstanding shares of Series&nbsp;IV Class&nbsp;B Preferred Stock
shall have been redeemed or sufficient funds shall have been deposited in trust
to effect such redemption.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Redemption. The outstanding shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock shall be nonredeemable prior to the lapse of three
(3)&nbsp;years from the date of issuance. On and after such date, the Series&nbsp;IV
Class&nbsp;B Preferred Stock may be redeemed at the option of the Corporation,
as a whole at any time or in part from time to time, at the Redemption Price of
$11.00 per share plus all dividends (whether or not declared or due) accrued
and unpaid to the date of redemption (subject to the right of the holder of
record of shares of Series&nbsp;IV Class&nbsp;B Preferred Stock on a record
date for the payment of a dividend on the Series&nbsp;IV Class&nbsp;B Preferred
Stock to receive the dividend due on such shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock on the corresponding Dividend Due Date).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No
sinking fund shall be established for the Series&nbsp;IV Class&nbsp;B Preferred
Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice
of any proposed redemption of shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock shall be mailed by means of first class mail, postage paid, addressed to
the holders of record of the shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock to be redeemed, at their respective addresses then appearing on the books
of the Corporation, at least thirty (30) days but not more than sixty (60) days
prior to the date fixed for such redemption (herein referred to as the &#147;Redemption
Date&#148;). Each such notice shall specify (i)&nbsp;the Redemption Date; (ii)&nbsp;the
Redemption Price; (iii)&nbsp;the place for payment and for delivering the stock
certificate(s)&nbsp;and transfer instrument(s)&nbsp;in order to collect the
Redemption Price; (iv)&nbsp;the shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock to be redeemed; and (v)&nbsp;the then effective Conversion Price (as
defined below) and that the right of holders of shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock being redeemed to exercise their conversion right shall
terminate as to such shares at the close of business on the fifth day before
the Redemption Date, provided that no default by the Corporation in the payment
of the applicable Redemption Price (including any accrued and unpaid dividends)
shall have occurred and be continuing. Any notice mailed in such manner shall
be conclusively deemed to have been duly given whether or not such notice is,
in fact, received. If less than all the outstanding shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock are to be redeemed, the Corporation will select those to be
redeemed by lot or by a substantially equivalent method. In order to facilitate
the redemption of Series&nbsp;IV Class&nbsp;B Preferred Stock to be redeemed,
notice of any such proposed redemption shall not be more than sixty (60) days
prior to the Redemption Date with respect thereto.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The holder
of any shares of Series&nbsp;IV Class&nbsp;B Preferred Stock redeemed upon any
exercise of the Corporation&#146;s redemption right shall not be entitled to receive
payment of the Redemption Price for such shares until such holder shall cause
to be delivered to the place specified in the notice given with respect to,
such redemption (i)&nbsp;the certificate(s)&nbsp;representing such shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock; and (ii)&nbsp;transfer instrument(s)&nbsp;satisfactory
to the Corporation and sufficient to transfer such shares free of any adverse
interest. No interest shall accrue on the Redemption Price of any share of Series&nbsp;IV
Class&nbsp;B Preferred Stock after its Redemption Date.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to Section 2 hereof,</font></strike><font size="2" style="font-size:10.0pt;">
<u>Notwithstanding anything in this Certificate to the contrary</u>, the Corporation
shall have the right to purchase shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock from <strike>the</strike>  <u>any</u> owner of such shares on such term as
may be agreeable to such owner. Shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock may be acquired by the Corporation from any stockholder pursuant to this
paragraph without offering any other stockholder an equal opportunity to sell
his stock to the Corporation, and no purchase by the Corporation from any
stockholder pursuant to this paragraph shall be deemed to create any right on
the part of any stockholder to sell any shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock (or any other stock) to the Corporation.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding
the foregoing provisions of this Section&nbsp;4, and subject to the provisions
of Section&nbsp;2 hereof, if a dividend upon any shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock is past due, no shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock may be redeemed, except (i)&nbsp;by means of a redemption
pursuant to which all outstanding shares</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-3</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='D-3',FILE='C:\JMS\105540\09-20111-1\task3653774\20111-1-bc-11.htm',USER='105540',CD='Aug  1 00:02 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of the
Series&nbsp;IV Class&nbsp;B Preferred Stock are simultaneously redeemed (or
offered to be so redeemed) or pursuant to which the outstanding shares of the Series&nbsp;IV
Class&nbsp;B Preferred Stock are redeemed on a pro rata basis (or offered to be
so redeemed), or (ii)&nbsp;by conversion of shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock into, or exchange of such shares for, Common Stock or any other
stock of the Corporation ranking junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution or winding
up.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Liquidation. In the event of any
voluntary or involuntary dissolution, liquidation or winding up of the
Corporation (for the purposes of this Section&nbsp;5, a &#147;Liquidation&#148;), before
any distribution of assets shall be made to the holders of the Common Stock or
the holders of any other stock that ranks junior to the Series&nbsp;IV Class&nbsp;B
Preferred Stock in respect of distributions upon the Liquidation of the
Corporation, the holder of each share of Series&nbsp;IV Class&nbsp;B Preferred
Stock then outstanding shall be entitled to $11.00 per share plus all dividends
(whether or not declared or due) accrued and unpaid on such share on the date
fixed for the distribution of assets of the Corporation to the holders of Series&nbsp;IV
Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
upon any Liquidation of the Corporation, the assets available for distribution
to the holder of Series&nbsp;IV Class&nbsp;B Preferred Stock which shall then
be outstanding (hereinafter in this paragraph called the &#147;Total Amount
Available&#148;) shall be insufficient to pay the holders of all outstanding shares
of Series&nbsp;IV Class&nbsp;B Preferred Stock the full amounts (including all
dividends accrued and unpaid) to which they shall be entitled by reason of such
Liquidation of the Corporation, then there shall be paid ratably to the holders
of the Series&nbsp;IV Class&nbsp;B Preferred Stock in connection with such
Liquidation of the Corporation, an amount equal to each holder&#146;s pro rata share
of the Total Amount Available.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
voluntary sale, conveyance, lease, exchange or transfer of all or substantially
all the property or assets of the Corporation, or the merger or consolidation
of the Corporation into another Corporation, or any purchase or redemption of
some or all of the shares of any class or series of stock of the Corporation,
shall not be deemed to be a Liquidation of the Corporation for the purposes of
this Section&nbsp;5 (unless in connection therewith the Liquidation of the
Corporation is specifically approved).</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Privilege. At any time subsequent to three
years after issuance of any share of Series&nbsp;IV Class&nbsp;B Preferred
Stock, the holder of any share of Series&nbsp;IV Class&nbsp;B Preferred Stock (&#147;Holder&#148;)
shall have the right, at such Holder&#146;s option (but if such share is called for
redemption or exchange at the election of the Corporation, then in respect of
such share only to and including but not after the close of business on (i)&nbsp;the
fifth calendar day before the date fixed for such redemption; or (ii)&nbsp;the
date fixed for such exchange, provided that the Corporation has set aside funds
sufficient to effect such redemption) to convert such share into that number of
fully paid and non-assessable shares of Common Stock (calculated as to each
conversion to the nearest 1/100th of a share) obtained by dividing $10.00 by
the Conversion Rate then in effect.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Rate. Each share of Series&nbsp;IV
Class&nbsp;B Preferred Stock may be converted, subject to the terms and
provisions of this paragraph 6 into one (1)&nbsp;share of the Corporation&#146;s
Common Stock, which is a price equal to one share of Common Stock for each
$10.00 of Series&nbsp;IV Class&nbsp;B Preferred Stock or, in case an adjustment
of such rate has taken place pursuant to the provisions of subdivision (f)&nbsp;of
this paragraph 6, then at the Conversion Rate as last adjusted (such rate or
adjusted rate, shall be expressed as the number of shares of Common Stock to be
acquired upon conversion of one share of Series&nbsp;IV Class&nbsp;B Preferred
Stock, and shall be referred to herein as the &#147;Conversion Rate&#148;) (&#147;Conversion
Price&#148;). Each share of Series&nbsp;IV Class&nbsp;B Preferred Stock shall be
Convertible into Common Stock by surrender to the Corporation of the
certificate representing such shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock to be converted by the Holder and by giving written notice to the
Corporation of the Holder&#146;s election to convert.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Corporation shall, as soon as practicable after receipt of such written notice
and the proper surrender to the Corporation of the certificate or certificates
representing shares of Series&nbsp;IV Class&nbsp;B Preferred Stock to be
converted in accordance with the above provisions, issue and deliver for the
benefit of the Holder at the office of the Corporation&#146;s duly appointed
transfer agent (the &#147;Transfer Agent&#148;) to the Holder for whose account such
shares of Series&nbsp;IV Class&nbsp;B Preferred Stock were so surrendered or to
such Holder&#146;s nominee or nominees, certificates for the number of shares of
Common</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-4</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock
to which the Holder shall be entitled. The certificates of Common Stock of the
Corporation issued upon conversion shall bear such legends as may be required
by state or federal laws.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Such
conversion shall be deemed to have been effective immediately prior to the
close of business on the date on which the Corporation shall have received both
such written notice and the properly surrendered certificates for shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock to be converted (the &#147;Conversion Date&#148;), and at
such time the rights of the Holder shall cease and the person or persons
entitled to receive the shares of Common Stock issuable upon the conversion of
such shares of Series&nbsp;IV Class&nbsp;B Preferred Stock shall be deemed to
be, and shall be treated for all purposes as, the record Holder or Holders of
such Common Stock on the Conversion Date. The Corporation shall not be required
to convert, and no surrender of shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock or written notice of conversion with respect thereto shall be effected
for that purpose, while the stock transfer books of the Corporation are closed
for any reasonable business purpose for any reasonable period of time, but
shall be required to convert upon the proper surrender of shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock for conversion immediately upon the reopening of
such books. During the period in which the stock transfer books of the
Corporation are closed, the Corporation may neither declare a dividend, declare
a record date for payment of dividends nor make any payment of dividends.</font></p>

<p style="margin:0in 0in .0001pt 48.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends. If any shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock shall be converted during any dividend payment
period, the Holder shall be entitled to all dividends accrued up to and through
such Conversion Date, at the rate set forth herein, whether or not there has
been a Dividend Date, as set forth in paragraph 2 hereof.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Cancellation. Series&nbsp;IV Class&nbsp;B
Preferred Stock converted into Common stock pursuant to the provisions of this
paragraph 6 shall be retired and cancelled by the Corporation and given the
status of authorized and unissued preferred stock.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reissuance if Conversion is Partial. In
the case of any certificate representing shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock which is surrendered for conversion only in part, the
Corporation shall issue and deliver to the Holder a new certificate or
certificates for Series&nbsp;IV Class&nbsp;B Preferred Stock of such denominations
as requested by the Holder in the amount of Series&nbsp;IV Class&nbsp;B
Preferred Stock equal to the unconverted shares of the Series&nbsp;IV Class&nbsp;B
Preferred Stock represented by the certificate so surrendered.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reservations of Shares. The Corporation
shall at all times during which shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock may be converted into Common Stock as provided in this paragraph (e),
reserve and keep available, out of any Common Stock held as treasury stock or
out of its authorized and unissued Common Stock, or both, solely for the
purpose of delivery upon conversion of the shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock as herein provided, such number of shares of Common Stock as
shall then be sufficient to effect the conversion of all shares of Series&nbsp;IV
Class&nbsp;B Preferred Stock from time to time outstanding, and shall take such
action as may from time to time be necessary to ensure that such shares of
Common Stock will, when issued upon conversion of Series&nbsp;IV Class&nbsp;B
Preferred Stock, be fully paid and nonassessable.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Adjustment of Conversion Rate. The
Conversion Rate provided in subdivision (a)&nbsp;of this paragraph 6, in
respect of Series&nbsp;IV Class&nbsp;B Preferred Stock, shall be subject to
adjustments from time to time as follows:</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">While any shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock shall be outstanding, in case the Corporation shall subdivide
the outstanding shares of Common Stock into a greater number of shares of
Common Stock or combine the outstanding shares of Common Stock into a smaller
number of shares of Common Stock, or issue, by reclassification of its shares
of Common Stock, any shares of the Corporation, the Conversion Rate in effect
immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the number of shares which it would have owned or been
entitled to receive after the happening of any of the events described above,
had such shares of Series&nbsp;IV Class&nbsp;B Preferred Stock been converted</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-5</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">immediately
prior to the happening of such event, such adjustment to become effective
immediately after the opening of business on the day following the day upon
which such subdivision or combination or reclassification, as the case may be,
becomes effective.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In case the Corporation shall be consolidated with, or
merge into, any other corporation, and the Corporation does not survive, proper
provisions shall be made as a part of the terms of such consolidation or
merger, whereby the Holder shall thereafter be entitled, upon exercise of such
Holder&#146;s conversion rights, to receive the kind and amount of shares of stock
or other securities of the Corporation resulting from such consolidation or
merger, or such other property, as the Holder would have received if such
conversion rights were exercised immediately prior to the effectiveness of such
merger or consolidation.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time,
or from time to time after December&nbsp;31, 1999, makes or issues, or fixes a
record date for the determination of holders of Common Stock entitled to
receive, a dividend distribution payable in additional shares of Common Stock
or Common Stock Equivalents (as defined which does not provide for the payment
of any consideration upon the issuance, conversion or thereof, without a
corresponding dividend or other distribution to the Holder, based upon the
number of shares of Common Stock into which the Series&nbsp;IV Class&nbsp;B
Preferred Stock is convertible, then and in each such event the Conversion Rate
then in effect will be increased as of the time of such issuance or, in the
event such a record date shall have been fixed, as of the close of business on
such record date, by multiplying such Conversion rate by a fraction:</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.55in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="2" style="font-size:10.0pt;">The numerator of which will be the total number of
shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date plus the number of
shares of Common Stock issuable in payment of such dividend or distribution
(which, in the case of Common Stock Equivalents, shall mean the maximum number
of shares of Common Stock issuable with respect thereto, as set forth in the
instrument relative thereto without regard to any provision for subsequent
adjustment); and</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.55in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The denominator of which will be the total number of
shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date; provided, however,
that if such record date is fixed and such dividend is not fully paid or if
such distribution is not fully made on the date fixed therefor, the Conversion
Rate will be recomputed accordingly as of the close of business on such record
date, and thereafter such Conversion Rate will be adjusted pursuant to this
subparagraph (iii)&nbsp;as of the time of actual payment of such dividends or
distributions.</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time
or from time to time after December&nbsp;31, 1999, makes or issues, or fixes a
record date for the determination of holders of Common Stock entitled to
receive a dividend or other distribution payable to all holders of Common Stock
in securities of the Corporation or Common Stock Equivalents, then, upon making
such dividend or distribution provisions will be made so that the Holder will
receive the amount of securities of the Corporation which it would have
received had its Series&nbsp;IV Class&nbsp;B Preferred Stock been converted
into Common Stock on the date of such event.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation sells or
issues any Common Stock, or sells or issues Common Stock Equivalents which can
be converted into Common Stock at a per share consideration (as defined below
in this subparagraph (v)&nbsp;of paragraph 6(f)) less than the Stipulated Price
then in effect, then the Holder shall be entitled to purchase from the
Corporation in cash (for the same per share consideration at which such Common
Stock was issued or the per share price at which a share of Common Stock is
acquirable upon exercise or conversion of Common Stock Equivalents) that
additional number of shares of Common Stock which, when added to the number of
shares of Common Stock acquirable by the Holder upon conversion of any shares
of Series&nbsp;IV Class&nbsp;B Preferred Stock outstanding and held by such
Holder</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-6</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">immediately
before such issue or sale (the &#147;Acquirable Shares&#148;), will equal a percentage of
the number of shares of Common Stock Deemed Outstanding (as defined herein)
immediately after such sale or issuance that is the same as the percentage of
the number of shares of Common Stock Deemed Outstanding immediately before such
issuance or sale represented by the Acquirable Shares. This right shall exist
for a 45-day period following the sale or issuance of shares of Common Stock or
Common Stock Equivalents, and thereafter shall cease to exist.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
the above purposes, the per share consideration with respect to the sale or
issuance of Common Stock will be the price per share received by the
Corporation, prior to the payment of any expenses, commissions, discounts and
other applicable costs. With respect to the sale or issuance of Common Stock
Equivalents which are convertible into or exchangeable for Common Stock without
further consideration, the per share consideration will be determined by
dividing the maximum number of shares of Common Stock issuable with respect to
such Common Stock Equivalents (as set forth in the instrument relating thereto
without regarding to any provisions contained therein for subsequent adjustment
of such number) into the aggregate consideration receivable by the Corporation
upon the sale or issuance of such Common Stock Equivalents. With respect to the
issuance of other Common Stock Equivalents, the per share consideration will be
determined by dividing the maximum number of shares of Common Stock issuable
with respect to such Common Stock Equivalents into the total aggregate
consideration received by the Corporation upon the sale or issuance of such
Common Stock Equivalents plus the minimum aggregate amount of additional
consideration received by the Corporation upon the conversion or exercise of
such Common Stock Equivalents. In connection with the sale or issuance of
Common Stock and/or Common Stock Equivalents for non-cash consideration, the
amount of consideration will be the fair market value of such consideration as
determined in good faith by the Board of Directors of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Stipulated
Price&#148; means initial price of $10.00 per share of Common Stock, as adjusted
from time to time pursuant to subparagraph (viii)&nbsp;of this paragraph 6(f);
and the term &#147;Common Stock Equivalent&#148; means any securities (whether debt or
equity securities) or rights issued by the Corporation convertible into or
entitling the holder thereof to receive shares of, or securities convertible
into, Common Stock. The number of shares of &#147;Common Stock Deemed Outstanding&#148;
at any date shall equal the sum of the number of shares of Common Stock then
outstanding plus the number of shares of Common Stock then obtainable pursuant
to Common Stock Equivalents.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In
the event the Corporation declares any dividend or distribution payable to
holders of its Common Stock (other than dividends payable out of the
Corporation&#146;s retained earnings or earned surplus and dividends payable in
shares of Common Stock or in securities convertible into or exchangeable for
shares of Common Stock or rights or warrants to purchase Common Stock or
securities convertible into or exchangeable for shares of Common Stock or any
other securities issued by the Corporation), the Conversion Rate in effect
immediately prior to the record date for such dividend or distribution shall be
proportionately adjusted so that the Holder shall be entitled to receive the
number of shares of Common Stock into which such shares of Common Stock or
Preferred Stock was convertible immediately prior to such record date
multiplied by a fraction, the numerator of which is the fair market value of a
share of Common Stock on such record date and the denominator of which is such
per share fair market value of a share of Common Stock on such record date less
the fair market value on such record date of the securities or other property
which are distributed as a dividend or other distribution. The term &#147;fair
market value&#148; of a share of Common Stock or of any other security or other type
of property on any date means (A)&nbsp;in the case of Common Stock or any other
security (I)&nbsp;if the principal trading market for such Common Stock or
other security is an exchange or the NASDAQ national market on such date, the
closing price on such exchange or the NASDAQ national market on such date,
provided, if trading of such Common Stock or other security is listed on any
consolidated tape, the fair market value shall be the closing price set forth
on such consolidated tape on such date, or (II)&nbsp;if the principal</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-7</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">market
for such Common Stock or other security is the over-the-counter market (other
than the NASDAQ national market) the mean between the closing bid and asked
prices on such date as set forth by NASDAQ or (B)&nbsp;in the case of Common
Stock or any other security for which the fair market value cannot be
determined pursuant to clause (A)&nbsp;above or of any other security or type
of property, fair market value thereof on such date as determined in good faith
by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Whenever
the Conversion Rate is adjusted pursuant to this paragraph 6(f), the Stipulated
Price shall also be adjusted by multiplying it by a fraction that is the
reciprocal of the fraction used to adjust the Conversion Rate.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Corporation will not, by amendment of its Articles
of Incorporation or through any dissolution, issuance or sale of securities or
any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms to be observed or performed hereunder by the
Corporation, but at all times in good faith will assist in the carrying out of
all the provisions of this paragraph and in the taking of all such action as
may be necessary or appropriate in order to protect the conversion rights of
the Holder against impairment.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.3in;text-align:justify;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No adjustment in the Conversion Rate
shall be required, unless such adjustment would require an increase or decrease
of at least one (1)&nbsp;share of Common Stock in the Conversion Rate of one
share of Series&nbsp;B Preferred Stock, provided that all adjustments which do
not meet this minimum requirement cumulated and the adjustment will be made
when the cumulated total is sufficient to require an adjustment. All
calculations made pursuant to this subparagraph (x)&nbsp;of paragraph 6(f)&nbsp;shall
be made to the nearest one-hundredth (1/100th) of a share of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Fractional Shares. No fractional shares
of Common Stock or scrip representing fractional shares of Common Stock shall
be issued upon any conversion of shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock but, in lieu thereof, there shall be paid an amount in cash
equal to the same fraction of the current market price of a whole share of
Common Stock on the day preceding the day of conversion.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Statement to Transfer Agent. Whenever the
Conversion Rate for shares of Series&nbsp;IV Class&nbsp;B Preferred Stock shall
be adjusted pursuant to the provisions of paragraph 6(f)&nbsp;hereof, the
Corporation shall forthwith maintain at its office and, if applicable, file
with the Transfer Agent for shares of Series&nbsp;IV Class&nbsp;B Preferred
Stock and for shares of Common Stock, a statement signed by the President or a
Vice President of the Corporation and by its Treasurer or an Assistant
Treasurer, stating the adjusted Conversion Rate and setting forth in reasonable
detail the method of calculation and the facts requiring such adjustment, such
calculations to be confirmed by the Corporation&#146;s independent auditors, and
stating the facts on which the calculation is based. Each adjustment shall
remain in effect until a subsequent adjustment hereunder is required.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Registration Rights.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Piggyback Registration. The Corporation,
for a period ending six months after the last share of Series&nbsp;IV Class&nbsp;B
Preferred Stock is redeemed, retired, converted or otherwise no longer
outstanding, will give written notice to the Holder not less than 20 days in
advance of the initial filing of any registration statement under the
Securities Act of 1933, as amended (other than a registration statement
pertaining to securities issuable pursuant to employee stock option, stock
purchase, or similar plans or a registration statement pertaining to securities
issuable in connection with the acquisition of a business, whether through
merger, consolidation, acquisition of assets, or exchange of securities),
covering any Common Stock or other securities of the Corporation, and will
afford the Holder the opportunity to have included in such registration all or
such part of the shares of Common Stock acquired upon conversion of Series&nbsp;IV
Class&nbsp;B Preferred Stock, as may be designated by written notice to the
Corporation not later than 10 days following receipt of such notice from the
Corporation. The Corporation shall be entitled to exclude the shares of Common
Stock held by the Holder from any one, but not more than one, such registration
if the Corporation in its sole discretion decides that the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-8</font></p>

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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">inclusion
of such shares will materially interfere with the orderly sale and distribution
of the securities being offered under such registration statement by the
Corporation. Notwithstanding the foregoing, the Corporation shall not be
entitled to exclude the shares of Common Stock held by the Holder if shares of
other shareholders are being included in any such registration statement and,
in such circumstances, the Holder shall be entitled to include the shares of
Common Stock held by them on a pro rata basis in the proportion that the number
of shares of Common Stock held by the Holder bears to the shares of Common
Stock held by all other shareholders, including shares in such registration
statement. The Holder shall not be entitled to include shares in more than two
registration statements pursuant to the provisions of this subdivision (a)&nbsp;of
paragraph 7, and all rights of the Holder under this subdivision (a)&nbsp;of
paragraph 7 shall terminate after the Holder has included shares of Common
Stock in two registration statements pursuant to this subdivision (a)&nbsp;of
paragraph 7.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Expenses. The Corporation will pay all
out-of-pocket costs and expenses of any registration effected pursuant to the
provisions of subdivision (a)&nbsp;of this paragraph 7, including registration
fees, legal fees, accounting fees, printing expenses (including such number of
any preliminary and the final prospectus as may be reasonably requested), blue
sky qualification fees and expenses, and all other expenses, except for
underwriting commissions or discounts applicable to the shares of Common Stock
being sold by the Holder and the fees of counsel for the Holder, all of which
shall be paid by the Holder.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Notwithstanding anything to the contrary
contained herein, in the event that the Corporation files an initial
registration statement under the Securities Act of 1933, as amended (other than
a registration statement pertaining to securities issuable in connection with
the acquisition of a business, whether through merger, consolidation,
acquisition of assets or exchange of securities), concerning any Common Stock
of the Corporation, it will afford the Holder the opportunity to convert his shares
into that number of fully paid and non-assessable shares of Common Stock prior
to the 3-year holding period stated in paragraph 6 above. The Corporation may
also, at its option at any time within one-hundred eighty (180) days after an
initial registration statement is deemed effective, demand the conversion of
the Series&nbsp;IV Class&nbsp;B Preferred Stock into that number of fully paid
and nonassessable shares of Common Stock as provided herein.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reports.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any of the Series&nbsp;IV Class&nbsp;B Preferred Stock shall be
outstanding, the Corporation shall submit to the Holder financial reports no
less frequently than annually.</font></p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Miscellaneous.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Common Stock&#148;
shall mean the Corporation&#146;s Common Stock, no par value, or, in the case of any
reclassification or change of outstanding shares of Common Stock, the stock or </font><font size="2" style="font-size:10.0pt;">securities
issued in exchange for such Common Stock.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The shares of Series&nbsp;IV Class&nbsp;B
Preferred Stock shall be fully transferable by the Holder thereof, subject to
compliance with the applicable provisions of federal and state securities laws.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF,
RETRACTABLE TECHNOLOGIES, INC. has caused its corporate seal to be hereunto
affixed and this <u>Amended </u>Certificate to be signed by its <strike>Chief
Executive Officer</strike>  <u>President</u> and Secretary this <strike>21</strike></font><strike><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">st</font></strike><strike><font size="2" style="font-size:10.0pt;">&#160;day of January,
2000</font></strike><font size="2" style="font-size:10.0pt;">  <u>_____ day
of ______, 2009</u>.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="75%" valign="top" style="padding:0in 0in 0in 0in;width:75.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.76%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas J. Shaw</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in 0in 0in 0in;width:75.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:24.76%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in 0in 0in 0in;width:75.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.76%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">President</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="75%" valign="top" style="padding:0in 0in 0in 0in;width:75.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.76%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its: Chief Executive
  Officer</font></strike></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTEST:</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.5%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Michele Larios</font></strike></p>
  </td>
  <td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D-9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix E</font></b></p>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FILED</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the Office of the</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary of State of
  Texas</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April&nbsp;19, 2002</font></p>
  </td>
 </tr>
 <tr>
  <td width="78%" valign="top" style="padding:0in 0in 0in 0in;width:78.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0in 0in 0in 0in;width:21.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations Section</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 351.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED</font></u><font size="2" style="font-size:10.0pt;"> CERTIFICATE OF DESIGNATION, PREFERENCES,
RIGHTS AND LIMITATIONS</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF THE SERIES V CLASS&nbsp;B
CONVERTIBLE PREFERRED STOCK</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OF</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RETRACTABLE
TECHNOLOGIES, INC.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Article&nbsp;2.13
of the Texas Business Corporation Act and Article&nbsp;Four of its <strike>Second</strike>
<u>Third</u> Amended and Restated Articles of Incorporation (the &#147;Articles of
Incorporation&#148;), Retractable Technologies,&nbsp;Inc., a corporation organized
and existing under the laws of the State of Texas (the &#147;Corporation&#148;),</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DOES HEREBY CERTIFY that,
pursuant to the authority conferred upon the Board of Directors of the
Corporation by the Articles of Incorporation, as amended, and pursuant to the
Texas Business Corporation Act, said Board of Directors, on April&nbsp;15,
2002, at a meeting duly called and noticed adopted a resolution by all
necessary action on the part of the Corporation providing for the creation of a
series of Preferred Stock consisting of not more than 3,097,855 shares of Series&nbsp;V
Class&nbsp;B Convertible Preferred Stock, which resolution is and reads as
follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RESOLVED that, pursuant
to the authority provided in the Corporation&#146;s Articles of Incorporation and
expressly granted to and vested in the Board of Directors of the Corporation,
the Board of Directors hereby creates out of the Preferred Stock, par value One
Dollar ($1.00) per share, of the Corporation a series of Preferred Stock called
the Series&nbsp;V Class&nbsp;B Preferred Stock, consisting of not more than
3,097,855 shares, which shall be subordinate to the Series&nbsp;A Convertible
Preferred and Series&nbsp;I through IV Class&nbsp;B Convertible Preferred
Stock, and the Board of Directors hereby fixes the designation and the powers,
preference and rights, and the qualifications, limitations, and restrictions
thereof, to the extent not otherwise provided in the Corporation&#146;s
qualifications, limitations, and restrictions thereof, to the extent not
otherwise provided in the Corporation&#146;s Articles of Incorporation, as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designation of Series. The designation of
the series of Preferred Stock created by <u>these</u> resolutions shall be &#147;Series&nbsp;V
Class&nbsp;B Convertible Preferred Stock&#148; (the &#147;Series&nbsp;V Class&nbsp;B
Preferred Stock&#148;).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends on Series&nbsp;V Class&nbsp;B
Preferred Stock</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Amount. The holders of the Series&nbsp;V
Class&nbsp;B Preferred Stock shall be entitled to receive, in any calendar
year, if, when, and as declared by the Board of Directors, out of any assets at
the time legally available therefor and subject to the further limitations set
out herein, dividends at the per annum rate of $.32 per share, all such
dividends due quarterly in arrears as of the last day of each March, June,
September, and December&nbsp;of each year, the first dividend being declarable
on December&nbsp;31, 2002. On each date which a dividend may be declared is
hereafter called the &#147;Dividend Date,&#148; and each quarterly period ending with a
Dividend Date is hereinafter referred to as the &#147;Dividend Period.&#148; Dividends
shall be payable 15 calendar days after the Dividend Due Date; provided,
however, that if such date on which a dividend is payable is a Saturday,
Sunday, or legal holiday, such dividend shall be payable on the next following
business day to the holders of record (whether singular or plural, the &#147;Holder&#148;).</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends Cumulative. Dividends upon the Series&nbsp;V
Class&nbsp;B Preferred Stock shall be accrued and be cumulative, whether or not
in any Dividend Period or Periods there shall be funds of the Corporation
legally available for the payment of such dividends.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Accrual. On each Dividend Due
Date all dividends which shall have accrued since the last Dividend Due Date on
each share of Series&nbsp;V Class&nbsp;B Preferred Stock outstanding on such
Dividend Due Date shall accumulate and be deemed to become &#147;due.&#148; Any dividend
which shall not be paid on</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the
Dividend Due Date on which it shall become due shall be deemed to be &#147;past due&#148;
until such dividend shall be paid or until the share of Series&nbsp;V Class&nbsp;B
Preferred Stock with respect to which such dividend became due shall no longer
be outstanding, whichever is the earlier to occur. No interest, sum of money in
lieu of interest, or other property or securities shall be payable in respect
of any dividend payment or payments which are past due. Dividends paid on shares
of Series&nbsp;V Class&nbsp;B Preferred Stock in an amount less than the total
amount of such dividends at the time accumulated and payable on such shares
shall be allocated pro rata on a share-by-share basis among all such shares at
the time outstanding. Dividend payments made with respect to a Dividend Due
Date shall be deemed to be made in payment of the dividends which became due on
that Dividend Due Date.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividend Arrearage. If a dividend upon
any shares of Series&nbsp;V Class&nbsp;B Preferred Stock is in arrears, all
dividends or other distributions declared upon shares of the Series&nbsp;V Class&nbsp;B
Preferred Stock (other than dividends paid in stock of the Corporation ranking
junior to the Series&nbsp;V Class&nbsp;B Preferred Stock as to dividends and
upon liquidation, dissolution, or winding up) may only be declared pro rata.
Except as set forth above, if a dividend upon any shares of Series&nbsp;V Class&nbsp;B
Preferred Stock is in arrears: (i)&nbsp;no dividends (in cash, stock, or other
property) may be paid or declared and set aside for payment <strike>or any other
distribution made</strike> upon any stock of the Corporation ranking junior to the Series&nbsp;V
Class&nbsp;B Preferred Stock as to dividends (other than dividends of
distributions in stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution, or winding
up); and (ii)&nbsp;no <u>preferred</u> stock of the Corporation ranking junior
to the Series&nbsp;V Class&nbsp;B Preferred Stock as to dividends may be <strike>(A)&nbsp;</strike>redeemed
pursuant to a sinking fund or otherwise, except (1)&nbsp;by means of redemption
pursuant to which all outstanding shares of the Series&nbsp;V Class&nbsp;B
Preferred Stock are redeemed, or (2)&nbsp;by conversion of any such junior
stock into, or exchange of any such junior stock into, or exchange of any such
junior stock for stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation, dissolution, or winding
up<strike>, or (B)&nbsp;purchased or otherwise acquired for any consideration by the
Corporation except (1)&nbsp;pursuant to an acquisition made pursuant to the
terms of one or more offers to purchase all of the outstanding shares of the Series&nbsp;V
Class&nbsp;B Preferred Stock, which offers shall each have been accepted by the
holders of at least 50% of the shares of the Series&nbsp;V Class&nbsp;B
Preferred Stock receiving such offer outstanding at the commencement of the
first of such purchase offers, or (2)&nbsp;by conversion into or exchange for
stock of the Corporation ranking junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock as to dividends and upon liquidation or winding up</strike>.&#160; <u>Notwithstanding anything in this
Certificate to the contrary, the Corporation shall be entitled to purchase any
of its shares ranking junior to the Series&nbsp;V Class&nbsp;B Preferred Stock
(including Common shares) on any terms it fixes, even where a dividend upon
shares of Series&nbsp;V Class&nbsp;B Preferred Stock is in arrears, so long
as:&#160; (A)&nbsp;the cash assets of the
Corporation as of its latest reporting period equals or exceeds $40,000,000 or (B)&nbsp;if
the cash assets of the Corporation as of its latest reporting period was less
than $40,000,000, the amount of funds utilized to purchase such shares within
the next quarter does not exceed 25% of the value of the cash assets as of the
previous reporting period.</u>&#160; </font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">General, Class, and Series&nbsp;Voting Rights. Except
as provided in this Section&nbsp;3, or as otherwise from time to time required
by law, the Series&nbsp;V Class&nbsp;B Preferred Stock shall have no voting
rights.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any shares of Series&nbsp;V Class&nbsp;B Preferred Stock remain
outstanding, the consent of the holders of at least 51% of the shares of Series&nbsp;V
Class&nbsp;B Preferred Stock outstanding at the time voting separately as a
class, given in person or by proxy, either in writing at any special or annual
meeting called for the purpose, shall be necessary to permit, effect, or
validate any one or more of the following:</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The authorization, creation, or issuance, or any
increase in the authorized or issued amount, of any class or series of stock
(including any class or series of Preferred Stock) ranking equal or prior to
the Series&nbsp;V Class&nbsp;B Preferred Stock; or</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The amendment, alteration, or repeal, whether by
merger, consolidation, or otherwise, of any of the provisions of the Articles
of Incorporation or of this resolution which would alter or change the powers,
preferences, or special rights of the shares of the Series&nbsp;V Class&nbsp;B
Preferred Stock so as to affect them adversely; provided, however, that any
increase in the amount of authorized Preferred</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='E-2',FILE='C:\JMS\105540\09-20111-1\task3653857\20111-1-bc-13.htm',USER='105540',CD='Aug  1 00:32 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock,
or the creation and issuance of other series of Preferred Stock ranking junior
to the Series&nbsp;V Class&nbsp;B Preferred Stock with respect to the payment
of dividends and the distribution of assets upon liquidation, dissolution, or
winding up, shall not be deemed to adversely affect such powers, preferences,
or special rights.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing voting provisions shall not apply if, at or prior to the time when
the act with respect to which such vote would otherwise be required shall be
effected, all outstanding shares of Series&nbsp;V Class&nbsp;B Preferred Stock
shall have been redeemed or sufficient funds shall have been deposited in trust
to effect such redemption.</font></p>

<p style="margin:0in 0in .0001pt 24.45pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-16.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Redemption. The outstanding shares of Series&nbsp;V
Class&nbsp;B Preferred Stock shall be nonredeemable prior to the lapse of two (2)&nbsp;years
from the date of issuance. On and after such date, the Series&nbsp;V Class&nbsp;B
Preferred Stock may be redeemed at the option of the Corporation, as a whole at
any time or in part from time to time, at the Redemption Price of $4.40 per
share plus all dividends (whether or not declared or due) accrued and unpaid to
the date of redemption (subject to the right of the holder of record of shares
of Series&nbsp;V Class&nbsp;B Preferred Stock on a record date for the payment
of a dividend on the Series&nbsp;V Class&nbsp;B Preferred Stock to receive the
dividend due on such shares of Series&nbsp;V Class&nbsp;B Preferred Stock on
the corresponding Dividend Due Date).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No sinking
fund shall be established for the Series&nbsp;V Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice
of any proposed redemption of shares of Series&nbsp;V Class&nbsp;B Preferred
Stock shall be mailed by means of first class mail, postage paid, addressed to
the holders of record of the shares of Series&nbsp;V Class&nbsp;B Preferred
Stock to be redeemed, at their respective addresses then appearing on the books
of the Corporation, at least thirty (30) days but not more than sixty (60) days
prior to the date fixed for such redemption (herein referred to as the &#147;Redemption
Date&#148;). Each such notice shall specify (i)&nbsp;the Redemption Date; (ii)&nbsp;the
Redemption Price; (iii)&nbsp;the place for payment and for delivering the stock
certificate(s)&nbsp;and transfer instrument(s)&nbsp;in order to collect the
Redemption Price; (iv)&nbsp;the shares of Series&nbsp;V Class&nbsp;B Preferred
Stock to be redeemed; and (v)&nbsp;the then effective Conversion Price (as
defined below) and that the right of holders of shares of Series&nbsp;V Class&nbsp;B
Preferred Stock being redeemed to exercise their conversion right shall
terminate as to such shares at the close of business on the fifth day before
the Redemption Date, provided that no default by the Corporation in the payment
of the applicable Redemption Price (including any accrued and unpaid dividends)
shall have occurred and be continuing. Any notice mailed in such manner shall
be conclusively deemed to have been duly given whether or not such notice is,
in fact, received. If less than all the outstanding shares of Series&nbsp;V Class&nbsp;B
Preferred Stock are to be redeemed, the Corporation will select those to be
redeemed by lot or by a substantially equivalent method. In order to facilitate
the redemption of Series&nbsp;V Class&nbsp;B Preferred Stock to be redeemed,
notice of any such proposed redemption shall not be more than sixty (60) days
prior to the Redemption Date with respect thereto.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
holder of any shares of Series&nbsp;V Class&nbsp;B Preferred Stock redeemed
upon any exercise of the Corporation&#146;s redemption right shall not be entitled
to receive payment of the Redemption Price for such shares until such holder
shall cause to be delivered to the place specified in the notice given with
respect to such redemption (i)&nbsp;the certificate(s)&nbsp;representing such
shares of Series&nbsp;V Class&nbsp;B Preferred Stock; and (ii)&nbsp;transfer
instrument(s)&nbsp;satisfactory to the Corporation and sufficient to transfer
such shares free of any adverse interest. No interest shall accrue on the
Redemption Price of any share of Series&nbsp;V Class&nbsp;B Preferred Stock
after its Redemption Date.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to Section 2 hereof,</font></strike><font size="2" style="font-size:10.0pt;">
<u>Notwithstanding anything in this Certificate to the contrary</u>, the
Corporation shall have the right to purchase shares of Series&nbsp;V Class&nbsp;B
Preferred Stock from the owner of such shares on such term as may be agreeable
to such owner. Shares of Series&nbsp;V Class&nbsp;B Preferred Stock may be
acquired by the Corporation from any stockholder pursuant to this paragraph
without offering any other stockholder an equal opportunity to sell his stock
to the Corporation, and no purchase by the Corporation from any stockholder pursuant
to this paragraph shall be deemed to create any right on the part of any
stockholder to sell any shares of Series&nbsp;V Class&nbsp;B Preferred Stock
(or any other stock) to the Corporation.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding
the foregoing provisions of this Section&nbsp;4, and subject to the provisions
of Section&nbsp;2 hereof, if a dividend upon any shares of Series&nbsp;V Class&nbsp;B
Preferred Stock is past due, no shares of the Series&nbsp;V Class&nbsp;B</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-3</font></p>

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</div>
<!-- SEQ.=1,FOLIO='E-3',FILE='C:\JMS\105540\09-20111-1\task3653857\20111-1-bc-13.htm',USER='105540',CD='Aug  1 00:32 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preferred
Stock may be redeemed, except (i)&nbsp;by means of a redemption pursuant to
which all outstanding shares of the Series&nbsp;V Class&nbsp;B Preferred Stock
are simultaneously redeemed (or offered to be so redeemed) or pursuant to which
the outstanding shares of the Series&nbsp;V Class&nbsp;B Preferred Stock are
redeemed on a pro rata basis (or offered to be so redeemed), or (ii)&nbsp;by
conversion of shares of Series&nbsp;V Class&nbsp;B Preferred Stock into, or
exchange of such shares for, Common Stock or any other stock of the Corporation
ranking junior to the Series&nbsp;V Class&nbsp;B Preferred Stock as to
dividends and upon liquidation, dissolution, or winding up.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-16.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Liquidation. In the event of any
voluntary or involuntary dissolution, liquidation, or winding up of the
Corporation (for the purposes of this Section&nbsp;5, a &#147;Liquidation&#148;), before
any distribution of assets shall be made to the holders of the Common Stock or
the holders of any other stock that ranks junior to the Series&nbsp;V Class&nbsp;B
Preferred Stock in respect of distributions upon the Liquidation of the
Corporation, the holder of each share of Series&nbsp;V Class&nbsp;B Preferred
Stock then outstanding shall be entitled to $4.40 per share plus all dividends
(whether or not declared or due) accrued and unpaid on such share on the date
fixed for the distribution of assets of the Corporation to the holders of Series&nbsp;V
Class&nbsp;B Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
upon any Liquidation of the Corporation, the assets available for distribution
to the holder of Series&nbsp;V Class&nbsp;B Preferred Stock which shall then be
outstanding (hereinafter in this paragraph called the &#147;Total Amount Available&#148;)
shall be insufficient to pay the holders of all outstanding shares of Series&nbsp;V
Class&nbsp;B Preferred Stock the full amounts (including all dividends accrued
and unpaid) to which they shall be entitled by reason of such Liquidation of
the Corporation, then there shall be paid ratably to the holders of the Series&nbsp;V
Class&nbsp;B Preferred Stock in connection with such Liquidation of the
Corporation, an amount equal to each holder&#146;s pro rata share of the Total
Amount Available.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
voluntary sale, conveyance, lease, exchange, or transfer of all or
substantially all the property or assets of the Corporation, or the merger or
consolidation of the Corporation into another Corporation, or any purchase or
redemption of some or all of the shares of any class or series of stock of the
Corporation, shall not be deemed to be a Liquidation of the Corporation for the
purposes of this Section&nbsp;5 (unless in connection therewith the Liquidation
of the Corporation is specifically approved).</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-16.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Privilege. At any time after issuance of
any share of Series&nbsp;V Class&nbsp;B Preferred Stock, the holder of any
share of Series&nbsp;V Class&nbsp;B Preferred Stock (&#147;Holder&#148;) shall have the
right, at such Holder&#146;s option (but if such share is called for redemption or
exchange at the election of the Corporation, then in respect of such share only
to and including but not after the close of business on (i)&nbsp;the fifth
calendar day before the date fixed for such redemption; or (ii)&nbsp;the date
fixed for such exchange, provided that the Corporation has set aside funds
sufficient to effect such redemption) to convert such share into that number of
fully paid and nonassessable shares of Common Stock (calculated as to each
conversion to the nearest 1/100th of a share) obtained by dividing $4.00 by the
Conversion Rate then in effect.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-16.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Conversion Rate. Each share of Series&nbsp;V
Class&nbsp;B Preferred Stock may be converted, subject to the terms and provisions
of this paragraph 6 into one (1)&nbsp;share of the Corporation&#146;s Common Stock,
which is a price equal to one share of Common Stock for each $4.00 of Series&nbsp;V
Class&nbsp;B Preferred Stock or, in case an adjustment of such rate has taken
place pursuant to the provisions of subdivision (f)&nbsp;of this paragraph 6,
then at the Conversion Rate as last adjusted (such rate or adjusted rate, shall
be expressed as the number of shares of Common Stock to be acquired upon
conversion of one share of Series&nbsp;V Class&nbsp;B Preferred Stock, and
shall be referred to herein as the &#147;Conversion Rate&#148;) (&#147;Conversion Price&#148;).
Each share of Series&nbsp;V Class&nbsp;B Preferred Stock shall be Convertible
into Common Stock by surrender to the Corporation of the certificate
representing such shares of Series&nbsp;V Class&nbsp;B Preferred Stock to be
converted by the Holder and by giving written notice to the Corporation of the
Holder&#146;s election to convert.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Corporation shall, as soon as practicable after receipt of such written notice
and the proper surrender to the Corporation of the certificate or certificates
representing shares of Series&nbsp;V Class&nbsp;B Preferred Stock to be
converted in accordance with the above provisions, issue and deliver for the
benefit of the Holder at the office of the Corporation&#146;s duly appointed
transfer agent (the &#147;Transfer Agent&#148;) to the Holder for whose account such
shares of Series&nbsp;V Class&nbsp;B Preferred Stock were so surrendered or to
such Holder&#146;s nominee or nominees, certificates for the number of shares of </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-4</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common
Stock to which the Holder shall be entitled. The certificates of Common Stock
of the Corporation issued upon conversion shall bear such legends as may be
required by state or federal laws. Such conversion shall be deemed to have been
effective immediately prior to the close of business on the date on which the
Corporation shall have received both such written notice and the properly surrendered
certificates for shares of Series&nbsp;V Class&nbsp;B Preferred Stock to be
converted (the &#147;Conversion Date&#148;), and at such time the rights of the Holder
shall cease and the person or persons entitled to receive the shares of Common
Stock issuable upon the conversion of such shares of Series&nbsp;V Class&nbsp;B
Preferred Stock shall be deemed to be, and shall be treated for all purposes
as, the record Holder or Holders of such Common Stock on the Conversion Date.
The Corporation shall not be required to convert, and no surrender of shares of
Series&nbsp;V Class&nbsp;B Preferred Stock or written notice of conversion with
respect thereto shall be effected for that purpose, while the stock transfer
books of the Corporation are closed for any reasonable business purpose for any
reasonable period of time, but shall be required to convert upon the proper
surrender of shares of Series&nbsp;V Class&nbsp;B Preferred Stock for
conversion immediately upon the reopening of such books. During the period in
which the stock transfer books of the Corporation are closed, the Corporation
may neither declare a dividend, declare a record date for payment of dividends,
nor make any payment of dividends.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dividends. If any shares of Series&nbsp;V
Class&nbsp;B Preferred Stock shall be converted during any dividend payment
period, the Holder shall be entitled to all dividends accrued up to and through
such Conversion Date, at the rate set forth herein, whether or not there has
been a Dividend Date, as set forth in paragraph 2 hereof.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Cancellation. Series&nbsp;V Class&nbsp;B
Preferred Stock converted into Common Stock pursuant to the provisions of this
paragraph 6 shall be retired by the Corporation and given the status of
authorized and unissued Preferred Stock.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reissuance if Conversion is Partial. In
the case of any certificate representing shares of Series&nbsp;V Class&nbsp;B
Preferred Stock which is surrendered for conversion only in part, the
Corporation shall issue and deliver to the Holder a new certificate or
certificates for Series&nbsp;V Class&nbsp;B Preferred Stock in the amount of Series&nbsp;V
Class&nbsp;B Preferred Stock equal to the unconverted shares of the Series&nbsp;V
Class&nbsp;B Preferred Stock represented by the certificate so surrendered.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reservations of Shares. The Corporation
shall at all times during which shares of Series&nbsp;V Class&nbsp;B Preferred
Stock may be converted into Common Stock as provided in this paragraph (e),
reserve and keep available, out of any Common Stock held as treasury stock or
out of its authorized and unissued Common Stock, or both, solely for the
purpose of delivery upon conversion of the shares of Series&nbsp;V Class&nbsp;B
Preferred Stock as herein provided, such number of shares of Common Stock as
shall then be sufficient to effect the conversion of all shares of Series&nbsp;V
Class&nbsp;B Preferred Stock from time to time outstanding, and shall take such
action as may from time to time be necessary to ensure that such shares of
Common Stock will, when issued upon conversion of Series&nbsp;V Class&nbsp;B
Preferred Stock, be fully paid and nonassessable.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Adjustment of Conversion Rate. The Conversion
Rate provided in subdivision (a)&nbsp;of this paragraph 6, in respect of Series&nbsp;V
Class&nbsp;B Preferred Stock, shall be subject to adjustments from time to time
as follows:</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">While any shares of Series&nbsp;V Class&nbsp;B
Preferred Stock shall be outstanding, in case the Corporation shall subdivide
the outstanding shares of Common Stock into a greater number of shares of
Common Stock or combine the outstanding shares of Common Stock into a smaller
number of shares of Common Stock, or issue, by reclassification of its shares
of Common Stock, any shares of the Corporation, the Conversion Rate in effect
immediately prior thereto shall be adjusted so that the Holder shall be
entitled to receive the number of shares which it would have owned or been
entitled to receive after the happening of any of the events described above,
had such shares of Series&nbsp;V Class&nbsp;B Preferred Stock been converted
immediately prior to the happening of such event, such adjustment to become
effective</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-5</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">immediately
after the opening of business on the day following the day upon which such
subdivision or combination or reclassification, as the case may be, becomes
effective.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In case the Corporation shall be consolidated with, or
merge into, any other corporation, and the Corporation does not survive, proper
provisions shall be made as a part of the terms of such consolidation or
merger, whereby the Holder shall thereafter be entitled, upon exercise of such
Holder&#146;s conversion rights, to receive the kind and amount of shares of stock
or other securities of the Corporation resulting from such consolidation or
merger, or such other property, as the Holder would have received if such
conversion rights were exercised immediately prior to the effectiveness of such
merger or consolidation.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time
makes or issues, a record date for the determination of holders of Common Stock
entitled to receive, a dividend distribution payable in additional shares of
Common Stock or Common Stock Equivalents (as defined in subparagraph (iv)&nbsp;of
this paragraph 6(f)) which does not provide for the payment of any
consideration upon the issuance, conversion or thereof, without a corresponding
dividend or other distribution to the Holder, based upon the number of shares
of Common Stock into which the Series&nbsp;V Class&nbsp;B Preferred Stock is
convertible, then and in each such event the Conversion Rate then in effect
will be increased as of the time of such issuance or, in the event such a
record date shall have been fixed, as of the close of business on such record
date, by multiplying such Conversion rate by a fraction:</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="2" style="font-size:10.0pt;">The numerator of which will be the total number of
shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date plus the number of
shares of Common Stock issuable in payment of such dividend or distribution (which,
in the case of Common Stock Equivalents, shall mean the maximum number of
shares of Common Stock issuable with respect thereto, as set forth in the
instrument relative thereto without regard to any provision for subsequent
adjustment); and</font></p>

<p style="margin:0in 0in .0001pt 1.75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The denominator of which will be the total number of
shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date; provided, however,
that if such record date is fixed and such dividend is not fully paid or if
such distribution is not fully made on the date fixed therefor, the Conversion
Rate will be recomputed accordingly as of the close of business on such record
date, and thereafter such Conversion Rate will be adjusted pursuant to this
subparagraph (iii)&nbsp;as of the time of actual payment of such dividends or
distributions.</font></p>

<p style="margin:0in 0in .0001pt 1.75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation at any time
makes or issues, or fixes a record date for the determination of holders of
Common Stock entitled to receive a dividend or other distribution payable to
all holders of Common Stock in securities of the Corporation or Common Stock
Equivalents, then, upon making such dividend or distribution, provisions will
be made so that the Holder will receive the amount of securities of the
Corporation which it would have received had its Series&nbsp;V Class&nbsp;B
Preferred Stock been converted into Common Stock on the date of such event.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the event the Corporation sells or
issues any Common Stock, or sells or issues Common Stock Equivalents which can
be converted into Common Stock at a per share consideration (as defined below
in this subparagraph (v)&nbsp;of paragraph 6(f)) less than the Stipulated Price
then in effect, then the Holder shall be entitled to purchase from the
Corporation in cash (for the same per share consideration at which such Common
Stock was issued or the per share price at which a share of Common Stock is
acquirable upon exercise or conversion of Common Stock Equivalents) that
additional number of shares of Common Stock which, when added to the number of
shares of Common Stock acquirable by the Holder upon conversion of any shares
of Series&nbsp;V Class&nbsp;B Preferred Stock outstanding and held by such
Holder</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-6</font></p>

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</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">immediately
before such issue or sale (the &#147;Acquirable Shares&#148;), will equal a percentage of
the number of shares of Common Stock Deemed Outstanding (as defined herein)
immediately after such sale or issuance that is the same as the percentage of
the number of shares of Common Stock Deemed Outstanding immediately before such
issuance or sale represented by the Acquirable Shares. This right shall exist
for a 45-day period following the sale or issuance of shares of Common Stock or
Common Stock Equivalents, and thereafter shall cease to exist.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
the above purposes, the per share consideration with respect to the sale or
issuance of Common Stock will be the price per share received by the
Corporation, prior to the payment of any expenses, commissions, discounts and
other applicable costs. With respect to the sale or issuance of Common Stock
Equivalents which are convertible into or exchangeable for Common Stock without
further consideration, the per share consideration will be determined by
dividing the maximum number of shares of Common Stock issuable with respect to
such Common Stock Equivalents (as set forth in the instrument relating thereto
without regard to any provisions contained therein for subsequent adjustment of
such number) into the aggregate consideration receivable by the Corporation
upon the sale or issuance of such Common Stock Equivalents. With respect to the
issuance of other Common Stock Equivalents, the per share consideration will be
determined by dividing the maximum number of shares of Common Stock issuable
with respect to such Common Stock Equivalents into the total aggregate
consideration received by the Corporation upon the sale or issuance of such
Common Stock Equivalents plus the minimum aggregate amount of additional
consideration received by the Corporation upon the conversion or exercise of
such Common Stock Equivalents. In connection with the sale or issuance of
Common Stock and/or Common Stock Equivalents for noncash consideration, the
amount of consideration will be the fair market value of such consideration as
determined in good faith by the Board of Directors of the Corporation.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Stipulated
Price&#148; means initial price of $4.00 per share of Common Stock, as adjusted from
time to time pursuant to subparagraph (viii)&nbsp;of this paragraph 6(f); and
the term &#147;Common Stock Equivalent&#148; means any securities (whether debt or equity
securities) or rights issued by the Corporation convertible into or entitling
the holder thereof to receive shares of, or securities convertible into, Common
Stock. The number of shares of &#147;Common Stock Deemed Outstanding&#148; at any date
shall equal the sum of the number of shares of Common Stock then outstanding
plus the number of shares of Common Stock then obtainable pursuant to Common
Stock Equivalents.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the
event the Corporation declares any dividend or distribution payable to holders
of its Common Stock (other than dividends payable out of the Corporation&#146;s
retained earnings or earned surplus and dividends payable in shares of Common
Stock or in securities convertible into or exchangeable for shares of Common
Stock or rights or warrants to purchase Common Stock or securities convertible
into or exchangeable for shares of Common Stock or any other securities issued
by the Corporation), the Conversion Rate in effect immediately prior to the
record date for such dividend or distribution shall be proportionately adjusted
so that the Holder shall be entitled to receive the number of shares of Common
Stock into which such shares of Common Stock or Preferred Stock was convertible
immediately prior to such record date multiplied by a fraction, the numerator
of which is the fair market value of a share of Common Stock on such record
date and the denominator of which is such per share fair market value of a
share of Common Stock on such record date less the fair market value on such
record date of the securities or other property which are distributed as a dividend
or other distribution. The term &#147;fair market value&#148; of a share of Common Stock
or of any other security or other type of property on any date means (A)&nbsp;in
the case of Common Stock or any other security (I)&nbsp;if the principal
trading market for such Common Stock or other security is an exchange or the
NASDAQ national market on such date, the closing price on such exchange or the
NASDAQ national market on such date, provided, if trading of such Common Stock
or other security is listed on any consolidated tape, the fair market value
shall be the closing price set forth on such consolidated tape on such date, or
(II)&nbsp;if the principal</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-7</font></p>

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</div>
<!-- SEQ.=1,FOLIO='E-7',FILE='C:\JMS\105540\09-20111-1\task3653857\20111-1-bc-13.htm',USER='105540',CD='Aug  1 00:32 2009' -->


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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">market
for such Common Stock or other security is the over-the-counter market (other
than the NASDAQ national market) the mean between the closing bid and asked
prices on such date as set forth by NASDAQ or (B)&nbsp;in the case of Common
Stock or any other security for which the fair market value cannot be
determined pursuant to clause (A)&nbsp;above or of any other security or type
of property, fair market value thereof on such date as determined in good faith
by the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Whenever the Conversion Rate is adjusted pursuant to
this paragraph 6(f), the Stipulated Price shall also be adjusted by multiplying
it by a fraction that is the reciprocal of the fraction used to adjust the
Conversion Rate.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160; </font><font size="2" style="font-size:10.0pt;">The Corporation will not, by amendment of its Articles
of Incorporation or through any dissolution, issuance, or sale of securities or
any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms to be observed or performed hereunder by the Corporation,
but at all times in good faith will assist in the carrying out of all the
provisions of this paragraph and in the taking of all such action as may be
necessary or appropriate in order to protect the conversion rights of the
Holder against impairment.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No adjustment in the Conversion Rate shall be
required, unless such adjustment would require an increase or decrease of at
least one (1)&nbsp;share of Common Stock in the Conversion Rate of one share of
Series&nbsp;V Class&nbsp;B Preferred Stock, provided that all adjustments which
do not meet this minimum requirement cumulated and the adjustment will be made
when the cumulated total is sufficient to require an adjustment. All
calculations made pursuant to this subparagraph (x)&nbsp;of paragraph 6(f)&nbsp;shall
be made to the nearest 1/100th of a share of Common Stock.</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Fractional Shares. No fractional shares
of Common Stock or scrip representing fractional shares of Common Stock shall
be issued upon any conversion of shares of Series&nbsp;V Class&nbsp;B Preferred
Stock but, in lieu thereof, there shall be paid an amount in cash equal to the
same fraction of the current market price of a whole share of Common Stock on
the day preceding the day of conversion.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Statement to Transfer Agent. Whenever the
Conversion Rate for shares of Series&nbsp;V Class&nbsp;B Preferred Stock shall
be adjusted pursuant to the provisions of paragraph 6(f)&nbsp;hereof, the
Corporation shall forthwith maintain at its office and, if applicable, file
with the Transfer Agent for shares of Series&nbsp;V Class&nbsp;B Preferred Stock
and for shares of Common Stock, a statement signed by the President of the
Corporation and by its Treasurer, stating the adjusted Conversion Rate and
setting forth in reasonable detail the method of calculation and the facts
requiring such adjustment, such calculations to be confirmed by the Corporation&#146;s
independent Accountants, and stating the facts on which the calculation is
based. Each adjustment shall remain in effect until a subsequent adjustment
hereunder is required.</font></p>

<p style="margin:0in 0in .0001pt .75in;text-align:justify;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Registration Rights</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Piggyback Registration. The Corporation,
for a period ending six months after the last share of Series&nbsp;V Class&nbsp;B
Preferred Stock is redeemed, retired, converted, or otherwise no longer
outstanding, will give written notice to the holder not less than 20 days in
advance of the initial filing of any registration statement under the
Securities Act of 1933, as amended (other than a registration statement
pertaining to securities issuable pursuant to employee stock option, stock
purchase, or similar plans or a registration statement pertaining to securities
issuable in connection with the acquisition of a business, whether through a
merger, consolidation, acquisition of assets, or exchange of securities),
covering any Common Stock or other securities of the Corporation, and will
afford the holder the opportunity to have included in such registration all or
such part of the shares of Common Stock acquired upon conversion of Series&nbsp;V
Class&nbsp;B Preferred Stock, as may be designated by written notice to the
Corporation not later than ten days following receipt of such notice from the
Corporation. The Corporation shall be entitled to exclude the shares of Common
Stock held by the holder from any one, but not more than one, such registration
if the Corporation</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-8</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table
of Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in its
sole discretion decides that the inclusion of such shares will materially
interfere with the orderly sale and distribution of the securities being
offered under such registration statement by the Corporation. Notwithstanding
the foregoing, the Corporation shall not be entitled to exclude the shares of
Common Stock held by the Holder if shares of other shareholders are being
included in any such registration statement and, in such circumstances, the
Holder shall be entitled to include the shares of Common Stock held by them on
a pro-rata basis in the proportion that the number of shares of Common Stock
held by the Holder bears to the shares of Common Stock held by all other
shareholders, including shares in such registration statement. The Holder shall
not be entitled to include shares in more than two registration statements
pursuant to the provisions of this subdivision (a)&nbsp;of paragraph 7, and all
rights of the Holder under this subdivision (a)&nbsp;of paragraph 7 shall
terminate after the Holder has included shares of Common Stock in two
registration statements pursuant to this subdivision (a)&nbsp;of paragraph 7.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Expenses. The Corporation will pay all
out-of-pocket costs and expenses of any registration effected pursuant to the
provisions of subdivision (a)&nbsp;of this paragraph 7, including registration
fees, legal fees, accounting fees, printing expenses (including such number of
any preliminary and the final prospectus as may be reasonably requested), blue
sky qualification fees and expenses, and all other expenses, except for
underwriting commissions or discounts applicable to the shares of Common Stock
being sold by the Holder and the fees of counsel for the Holder, all of which
shall be paid by the Holder.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Notwithstanding anything to the contrary
contained herein, in the event that the Corporation files an initial
registration statement under the Securities Act of 1933, as amended (other than
a registration statement pertaining to securities issuable in connection with
the acquisition of a business, whether through merger, consolidation,
acquisition of assets, or exchange of securities), concerning any Common Stock
of the Corporation, it may, at its option, at any time within 180 days after
the initial registration statement is deemed effective, demand the conversion
of the Series&nbsp;V Class&nbsp;B Convertible Preferred shares into that number
of fully paid and nonassessable shares of Common Stock as provided herein.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Reports</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So
long as any of the Series&nbsp;V Class&nbsp;B Preferred Stock shall be
outstanding, the Corporation shall submit to the Holder financial reports no
less frequently than annually.</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Miscellaneous</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">As used herein, the term &#147;Common Stock&#148;
shall mean the Corporation&#146;s Common Stock, no par value, or, in the case of any
reclassification or change of outstanding shares of Common Stock, the stock or
securities issued in exchange for such Common Stock.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-align:justify;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The shares of Series&nbsp;V Class&nbsp;B
Preferred Stock shall be fully transferable by the Holder thereof, subject to
compliance with the applicable provisions of federal and state securities laws.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF,
RETRACTABLE TECHNOLOGIES, INC. has caused its corporate seal to be hereunto
affixed and this <u>Amended</u> Certificate to be signed by its <strike>Chief
Executive Officer</strike>  <u>President</u> and Secretary this <strike>17 day of April,
2002</strike>  <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; day of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2009</u>.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="73%" valign="top" style="padding:0in 0in 0in 0in;width:73.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:26.42%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Thomas J. Shaw</font></strike></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in 0in 0in 0in;width:73.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:26.42%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas J. Shaw</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in 0in 0in 0in;width:73.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.42%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">President</font></u></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign="top" style="padding:0in 0in 0in 0in;width:73.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="26%" valign="top" style="padding:0in 0in 0in 0in;width:26.42%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its Chief Executive
  Officer</font></strike></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ATTEST:</font></p>
  </td>
  <td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="18%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.92%;">
  <p style="margin:0in 0in .0001pt;"><strike><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Michele M. Larios</font></strike></p>
  </td>
  <td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="18%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:18.92%;">
  <p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michele M. Larios</font></u></p>
  </td>
  <td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Secretary</font></p>
  </td>
  <td width="81%" valign="top" style="padding:0in 0in 0in 0in;width:81.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-10</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">
<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix F</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PROXY CARD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">511 LOBO LANE</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">LITTLE ELM, TX
  75068-0009</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.68%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY INTERNET -<u>www.proxyvote.com</u></font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59&nbsp;p.m. Eastern time the day before the cut-off date or
  meeting date. Have your proxy card in hand when you access the web site and
  follow the instructions to obtain your records and to create an electronic
  voting instruction form. </font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">ELECTRONIC
  DELIVERY OF FUTURE SHAREHOLDER COMMUNICATIONS</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">If you would like to reduce the costs incurred by
  Retractable Technologies,&nbsp;Inc. in mailing proxy materials, you can
  consent to receiving all future proxy statements, proxy cards and annual
  reports electronically via e-mail or the Internet. To sign up for electronic
  delivery, please follow the instructions above to vote using the Internet
  and, when prompted, indicate that you agree to receive or access shareholder
  communications electronically in future years.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY PHONE - 1-800-690-6903</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use
  any touch-tone telephone to transmit your voting instructions up until
  11:59&nbsp;p.m. Eastern time the day before the cut-off date or meeting date.
  Have your proxy card in hand when you call and then follow the instructions.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY MAIL</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Mark, sign and date your
  proxy card and return it in the postage-paid envelope we have provided or
  return it to Retractable Technologies,&nbsp;Inc., c/o Broadridge, 51 Mercedes
  Way, Edgewood, NY 11717.</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.76%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">TO VOTE, MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS FOLLOWS:</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="71%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:71.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">KEEP THIS PORTION FOR
  YOUR RECORDS.</font></p>
  </td>
 </tr>
 <tr>
  <td width="71%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:71.12%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THIS
  PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</font></b></p>
  </td>
  <td width="28%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:28.88%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">DETACH AND RETURN THIS PORTION ONLY.</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" colspan="10" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">THE
  BOARD OF DIRECTORS RECOMMENDS A </font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE &#147;FOR&#148; THE FOLLOWING PROPOSAL</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Vote
  on Proposal</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">For</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Against</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Abstain</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">1. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">AMENDMENT
  OF THE CERTIFICATE OF DESIGNATION FOR THE SERIES I CLASS&nbsp;B STOCK</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">2. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">IN
  THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
  AS MAY PROPERLY COME BEFORE THE MEETING</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">The undersigned hereby revokes all previous proxies
  related to the shares covered hereby and confirms all their said proxies and
  their substitutes may do by virtue hereof. </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">PLEASE SIGN, DATE, AND RETURN
  PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">(<b>NOTE:</b>
  Please sign exactly as your name(s)&nbsp;appear(s)&nbsp;hereon. All holders
  must sign. When signing as attorney, executor, administrator, or other
  fiduciary, please give full title as such. Joint owners should each sign
  personally. If a corporation, please sign in full corporate name, by
  authorized officer. If a partnership, please sign in partnership name by authorized
  person.)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">It is understood that, when properly executed, this
  Proxy will be voted in the manner directed herein by the undersigned
  shareholder. <b>WHERE NO CHOICE IS SPECIFIED
  BY THE SHAREHOLDER, THE PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL. </b></font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:45.02%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">For address changes and/or comments, please check
  this box and write them on the back where indicated.</font></p>
  </td>
  <td width="31%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:31.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Please indicate
  if you plan to attend this meeting.</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Yes</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">No</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="35%" colspan="5" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">To
  obtain information about voting in person, please call</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">the Company at (888) 806-2626.</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in 0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in 0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in 0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in 0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in 0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:4.0pt 0in 4.0pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature [PLEASE SIGN WITHIN BOX]</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature (Joint
  Owners)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="25" style="border:none;"></td>
  <td width="164" style="border:none;"></td>
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  <td width="38" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="26" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="184" style="border:none;"></td>
  <td width="52" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="55" style="border:none;"></td>
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</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">F-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='F-1',FILE='C:\JMS\105537\09-20111-1\task3679419\20111-1-bc-15.htm',USER='105537',CD='Aug 13 04:49 2009' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS OF</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">&#160;RETRACTABLE TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SEPTEMBER 25, 2009</font></b></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SERIES I
CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK</font></b></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:11.5pt;">Please date, sign, and mail your proxy card in the envelope provided as
soon as possible.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important
Notice Regarding the Availability of Proxy Materials for the Special Meeting:</font></b></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy materials including the Proxy Statement and Forms 10-K and 10-Q</font></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">are
available at www.proxyvote.com.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLEASE DETACH ALONG
PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.</font></p>



<div style="border:none;border-top:dashed windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>



<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="7" valign="top" style="border:solid windowtext 1.5pt;border-bottom:none;padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">PROXY FOR
  CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK (&#147;SERIES I CLASS&nbsp;B STOCK&#148;)</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">RETRACTABLE
  TECHNOLOGIES, INC.</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">511 Lobo Lane</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Little Elm, Texas
  75068-0009</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">THIS
  PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.</font></b></p>
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The undersigned hereby acknowledges receipt of the
  Notice of a Special Meeting of Preferred Shareholders of Retractable
  Technologies,&nbsp;Inc. (the &#147;Company&#148;) to be held on September&nbsp;25,
  2009, at 11:00&nbsp;a.m., Central time, at the Little Elm City Hall located
  at 100 West Eldorado Parkway, Little Elm, Texas 75068 (the &#147;Special
  Meeting&#148;), and the Proxy Statement in connection therewith, and appoints
  Thomas J. Shaw and Steven R. Wisner, and each of them, individually, as the
  lawful agents and proxies of the undersigned (with all powers the undersigned
  would possess if personally present, including full power of substitution),
  and hereby authorizes each of them to represent and to vote, as designated on
  the reverse side, all the shares of Series&nbsp;I Class&nbsp;B Stock of the
  Company held of record by the undersigned as of the close of business on
  July&nbsp;27, 2009, at the Special Meeting of Preferred Shareholders or any
  adjournment or postponement thereof.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">At the Special Meeting, the holders of the
  Series&nbsp;I Class&nbsp;B Stock will vote on a proposal to amend the
  certificate of designation for the Series&nbsp;I Class&nbsp;B Stock.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The matter to be voted on is not related to or
  conditioned on the approval of other matters.</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:22.14%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Address Changes/Comments:</font></b></p>
  </td>
  <td width="55%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.78%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:.94%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="76%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:76.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" colspan="2" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.88%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:79.68%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(If you noted any
  Address Changes/Comments above, please mark corresponding box on the reverse
  side.)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Continued and to be signed on the
  reverse side)</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:79.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="76" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="158" style="border:none;"></td>
  <td width="415" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="13" style="border:none;"></td>
  <td width="76" style="border:none;"></td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">F-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='F-2',FILE='C:\JMS\105537\09-20111-1\task3679419\20111-1-bc-15.htm',USER='105537',CD='Aug 13 04:49 2009' -->



<br clear="all" style="page-break-before:always;">
<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix G</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PROXY CARD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">511 LOBO LANE</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">LITTLE ELM, TX
  75068-0009</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.68%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY INTERNET -<u>www.proxyvote.com</u></font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59&nbsp;p.m. Eastern time the day before the cut-off date or
  meeting date. Have your proxy card in hand when you access the web site and
  follow the instructions to obtain your records and to create an electronic
  voting instruction form. </font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">ELECTRONIC
  DELIVERY OF FUTURE SHAREHOLDER COMMUNICATIONS</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">If you would like to reduce the costs incurred by
  Retractable Technologies,&nbsp;Inc. in mailing proxy materials, you can
  consent to receiving all future proxy statements, proxy cards and annual
  reports electronically via e-mail or the Internet. To sign up for electronic
  delivery, please follow the instructions above to vote using the Internet
  and, when prompted, indicate that you agree to receive or access shareholder
  communications electronically in future years.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY PHONE - 1-800-690-6903</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use
  any touch-tone telephone to transmit your voting instructions up until
  11:59&nbsp;p.m. Eastern time the day before the cut-off date or meeting date.
  Have your proxy card in hand when you call and then follow the instructions.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY MAIL</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Mark, sign and date your
  proxy card and return it in the postage-paid envelope we have provided or
  return it to Retractable Technologies,&nbsp;Inc., c/o Broadridge, 51 Mercedes
  Way, Edgewood, NY 11717.</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.76%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">TO VOTE, MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS FOLLOWS:</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="71%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:71.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">KEEP THIS PORTION FOR
  YOUR RECORDS.</font></p>
  </td>
 </tr>
 <tr>
  <td width="71%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:71.84%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THIS
  PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</font></b></p>
  </td>
  <td width="28%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:28.16%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">DETACH AND RETURN THIS PORTION ONLY.</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" colspan="10" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">THE
  BOARD OF DIRECTORS RECOMMENDS A </font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE &#147;FOR&#148; THE FOLLOWING PROPOSAL</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Vote
  on Proposal</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">For</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Against</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Abstain</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">1. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">AMENDMENT
  OF THE CERTIFICATE OF DESIGNATION FOR THE SERIES II CLASS&nbsp;B STOCK</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">2. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">IN
  THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
  AS MAY PROPERLY COME BEFORE THE MEETING</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">The undersigned hereby revokes all previous proxies
  related to the shares covered hereby and confirms all their said proxies and
  their substitutes may do by virtue hereof. </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">PLEASE SIGN, DATE, AND RETURN
  PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">(<b>NOTE:</b>
  Please sign exactly as your name(s)&nbsp;appear(s)&nbsp;hereon. All holders
  must sign. When signing as attorney, executor, administrator, or other
  fiduciary, please give full title as such. Joint owners should each sign
  personally. If a corporation, please sign in full corporate name, by
  authorized officer. If a partnership, please sign in partnership name by authorized
  person.)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">It is understood that, when properly executed, this
  Proxy will be voted in the manner directed herein by the undersigned
  shareholder. <b>WHERE NO CHOICE IS SPECIFIED
  BY THE SHAREHOLDER, THE PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL. </b></font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:45.02%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">For address changes and/or comments, please check
  this box and write them on the back where indicated.</font></p>
  </td>
  <td width="31%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:31.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Please indicate
  if you plan to attend this meeting.</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Yes</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">No</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="35%" colspan="5" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">To
  obtain information about voting in person, please call</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">the Company at (888) 806-2626.</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:4.0pt 0in 4.0pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature [PLEASE SIGN WITHIN BOX]</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature (Joint
  Owners)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">G-1</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS OF</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">&#160;RETRACTABLE TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SERIES II CLASS&nbsp;B CONVERTIBLE
PREFERRED STOCK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:11.5pt;">Please date, sign, and mail your proxy card in the envelope provided as
soon as possible.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important
Notice Regarding the Availability of Proxy Materials for the Special Meeting:</font></b></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy materials including the Proxy Statement and Forms 10-K and 10-Q</font></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">are
available at www.proxyvote.com.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLEASE DETACH ALONG
PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.</font></p>



<div style="border:none;border-top:dashed windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>



<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="6" valign="top" style="border:solid windowtext 1.5pt;border-bottom:none;padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">PROXY FOR SERIES II</font><font size="3" style="font-size:11.5pt;">  </font><font size="1" style="font-size:9.0pt;">CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK
  (&#147;SERIES II CLASS&nbsp;B STOCK&#148;)</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">RETRACTABLE
  TECHNOLOGIES, INC.</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">511 Lobo Lane</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Little Elm, Texas
  75068-0009</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">THIS
  PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.</font></b></p>
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The undersigned hereby acknowledges receipt of the
  Notice of a Special Meeting of Preferred Shareholders of Retractable
  Technologies,&nbsp;Inc. (the &#147;Company&#148;) to be held on September&nbsp;25,
  2009, at 11:00&nbsp;a.m., Central time, at the Little Elm City Hall located
  at 100 West Eldorado Parkway, Little Elm, Texas 75068 (the &#147;Special
  Meeting&#148;), and the Proxy Statement in connection therewith, and appoints
  Thomas J. Shaw and Steven R. Wisner, and each of them, individually, as the
  lawful agents and proxies of the undersigned (with all powers the undersigned
  would possess if personally present, including full power of substitution),
  and hereby authorizes each of them to represent and to vote, as designated on
  the reverse side, all the shares of Series&nbsp;II Class&nbsp;B Stock of the
  Company held of record by the undersigned as of the close of business on
  July&nbsp;27, 2009, at the Special Meeting of Preferred Shareholders or any
  adjournment or postponement thereof.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">At the Special Meeting, the holders of the
  Series&nbsp;II Class&nbsp;B Stock will vote on a proposal to amend the
  certificate of designation for the Series&nbsp;II Class&nbsp;B Stock.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The matter to be voted on is not related to or
  conditioned on the approval of other matters.</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:22.14%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Address Changes/Comments:</font></b></p>
  </td>
  <td width="56%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:56.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.02%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:.78%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="77%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:77.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.02%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(If you noted any Address
  Changes/Comments above, please mark corresponding box on the reverse side.)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Continued and to be signed on the
  reverse side)</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">G-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='G-2',FILE='C:\JMS\105692\09-20111-1\task3679423\20111-1-bc-17.htm',USER='105692',CD='Aug 13 04:51 2009' -->



<br clear="all" style="page-break-before:always;">
<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix H</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PROXY CARD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">511 LOBO LANE</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">LITTLE ELM, TX
  75068-0009</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.68%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY INTERNET -<u>www.proxyvote.com</u></font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59&nbsp;p.m. Eastern time the day before the cut-off date or
  meeting date. Have your proxy card in hand when you access the web site and
  follow the instructions to obtain your records and to create an electronic
  voting instruction form. </font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">ELECTRONIC
  DELIVERY OF FUTURE SHAREHOLDER COMMUNICATIONS</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">If you would like to reduce the costs incurred by
  Retractable Technologies,&nbsp;Inc. in mailing proxy materials, you can
  consent to receiving all future proxy statements, proxy cards and annual
  reports electronically via e-mail or the Internet. To sign up for electronic
  delivery, please follow the instructions above to vote using the Internet
  and, when prompted, indicate that you agree to receive or access shareholder
  communications electronically in future years.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY PHONE - 1-800-690-6903</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use
  any touch-tone telephone to transmit your voting instructions up until
  11:59&nbsp;p.m. Eastern time the day before the cut-off date or meeting date.
  Have your proxy card in hand when you call and then follow the instructions.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY MAIL</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Mark, sign and date your
  proxy card and return it in the postage-paid envelope we have provided or
  return it to Retractable Technologies,&nbsp;Inc., c/o Broadridge, 51 Mercedes
  Way, Edgewood, NY 11717.</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.76%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">TO VOTE, MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS FOLLOWS:</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="71%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:71.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:29.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">KEEP THIS PORTION FOR
  YOUR RECORDS.</font></p>
  </td>
 </tr>
 <tr>
  <td width="71%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:71.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THIS
  PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</font></b></p>
  </td>
  <td width="29%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:29.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">DETACH AND RETURN THIS PORTION ONLY.</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" colspan="10" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">THE
  BOARD OF DIRECTORS RECOMMENDS A </font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE &#147;FOR&#148; THE FOLLOWING PROPOSAL</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Vote
  on Proposal</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">For</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Against</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Abstain</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">1. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">AMENDMENT
  OF THE CERTIFICATE OF DESIGNATION FOR THE SERIES III CLASS&nbsp;B STOCK</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">2. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">IN
  THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
  AS MAY PROPERLY COME BEFORE THE MEETING</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">The undersigned hereby revokes all previous proxies
  related to the shares covered hereby and confirms all their said proxies and
  their substitutes may do by virtue hereof. </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">PLEASE SIGN, DATE, AND RETURN
  PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">(<b>NOTE:</b>
  Please sign exactly as your name(s)&nbsp;appear(s)&nbsp;hereon. All holders
  must sign. When signing as attorney, executor, administrator, or other
  fiduciary, please give full title as such. Joint owners should each sign
  personally. If a corporation, please sign in full corporate name, by
  authorized officer. If a partnership, please sign in partnership name by
  authorized person.)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">It is understood that, when properly executed, this
  Proxy will be voted in the manner directed herein by the undersigned
  shareholder. <b>WHERE NO CHOICE IS SPECIFIED
  BY THE SHAREHOLDER, THE PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL. </b></font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:45.02%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">For address changes and/or comments, please check
  this box and write them on the back where indicated.</font></p>
  </td>
  <td width="31%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:31.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Please indicate
  if you plan to attend this meeting.</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Yes</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">No</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="35%" colspan="5" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">To
  obtain information about voting in person, please call</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">the Company at (888) 806-2626.</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:4.0pt 0in 4.0pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature [PLEASE SIGN WITHIN BOX]</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature (Joint
  Owners)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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  <td width="26" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="164" style="border:none;"></td>
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  <td width="38" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
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  <td width="1" style="border:none;"></td>
  <td width="184" style="border:none;"></td>
  <td width="52" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="55" style="border:none;"></td>
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</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">H-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='H-1',FILE='C:\JMS\pgeetha\09-20111-1\task3679424\20111-1-bc-19.htm',USER='105264',CD='Aug 13 04:50 2009' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS OF</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">&#160;RETRACTABLE TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SERIES III CLASS&nbsp;B CONVERTIBLE
PREFERRED STOCK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:11.5pt;">Please date, sign, and mail your proxy card in the envelope provided as
soon as possible.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important
Notice Regarding the Availability of Proxy Materials for the Special Meeting:</font></b></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy materials including the Proxy Statement and Forms 10-K and 10-Q</font></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">are
available at www.proxyvote.com.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLEASE DETACH ALONG
PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.</font></p>



<div style="border:none;border-top:dashed windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>



<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="6" valign="top" style="border:solid windowtext 1.5pt;border-bottom:none;padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">PROXY FOR SERIES
  III CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK (&#147;SERIES III CLASS&nbsp;B
  STOCK&#148;)</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">RETRACTABLE
  TECHNOLOGIES, INC.</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">511 Lobo Lane</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Little Elm, Texas
  75068-0009</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">THIS
  PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.</font></b></p>
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The undersigned hereby acknowledges receipt of the
  Notice of a Special Meeting of Preferred Shareholders of Retractable
  Technologies,&nbsp;Inc. (the &#147;Company&#148;) to be held on September&nbsp;25,
  2009, at 11:00&nbsp;a.m., Central time, at the Little Elm City Hall located
  at 100 West Eldorado Parkway, Little Elm, Texas 75068 (the &#147;Special
  Meeting&#148;), and the Proxy Statement in connection therewith, and appoints
  Thomas J. Shaw and Steven R. Wisner, and each of them, individually, as the
  lawful agents and proxies of the undersigned (with all powers the undersigned
  would possess if personally present, including full power of substitution),
  and hereby authorizes each of them to represent and to vote, as designated on
  the reverse side, all the shares of Series&nbsp;III Class&nbsp;B Stock of the
  Company held of record by the undersigned as of the close of business on
  July&nbsp;27, 2009, at the Special Meeting of Preferred Shareholders or any
  adjournment or postponement thereof.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">At the Special Meeting, the holders of the
  Series&nbsp;III Class&nbsp;B Stock will vote on a proposal to amend the
  certificate of designation for the Series&nbsp;III Class&nbsp;B Stock.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The matter to be voted on is not related to or
  conditioned on the approval of other matters.</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:22.38%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Address Changes/Comments:&nbsp;</font></b></p>
  </td>
  <td width="56%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:56.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:.6%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="78%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:78.3%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(If you noted any
  Address Changes/Comments above, please mark corresponding box on the reverse
  side.)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Continued and to be signed on the
  reverse side)</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="76" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="162" style="border:none;"></td>
  <td width="422" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="76" style="border:none;"></td>
 </tr>
</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">H-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='H-2',FILE='C:\JMS\pgeetha\09-20111-1\task3679424\20111-1-bc-19.htm',USER='105264',CD='Aug 13 04:50 2009' -->



<br clear="all" style="page-break-before:always;">
<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix I</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PROXY CARD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">511 LOBO LANE</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">LITTLE ELM, TX
  75068-0009</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.68%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY INTERNET -<u>www.proxyvote.com</u></font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59&nbsp;p.m. Eastern time the day before the cut-off date or
  meeting date. Have your proxy card in hand when you access the web site and
  follow the instructions to obtain your records and to create an electronic
  voting instruction form. </font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">ELECTRONIC
  DELIVERY OF FUTURE SHAREHOLDER COMMUNICATIONS</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">If you would like to reduce the costs incurred by
  Retractable Technologies,&nbsp;Inc. in mailing proxy materials, you can
  consent to receiving all future proxy statements, proxy cards and annual
  reports electronically via e-mail or the Internet. To sign up for electronic
  delivery, please follow the instructions above to vote using the Internet
  and, when prompted, indicate that you agree to receive or access shareholder
  communications electronically in future years.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY PHONE - 1-800-690-6903</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use
  any touch-tone telephone to transmit your voting instructions up until
  11:59&nbsp;p.m. Eastern time the day before the cut-off date or meeting date.
  Have your proxy card in hand when you call and then follow the instructions.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY MAIL</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Mark, sign and date your
  proxy card and return it in the postage-paid envelope we have provided or
  return it to Retractable Technologies,&nbsp;Inc., c/o Broadridge, 51 Mercedes
  Way, Edgewood, NY 11717.</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.76%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">TO VOTE, MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS FOLLOWS:</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="72%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:72.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="27%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:27.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">KEEP THIS PORTION FOR
  YOUR RECORDS.</font></p>
  </td>
 </tr>
 <tr>
  <td width="72%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:72.92%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THIS
  PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</font></b></p>
  </td>
  <td width="27%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:27.08%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">DETACH AND RETURN THIS PORTION ONLY.</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" colspan="10" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">THE
  BOARD OF DIRECTORS RECOMMENDS A </font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE &#147;FOR&#148; THE FOLLOWING PROPOSAL</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Vote
  on Proposal</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">For</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Against</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Abstain</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">1. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">AMENDMENT
  OF THE CERTIFICATE OF DESIGNATION FOR THE SERIES IV CLASS&nbsp;B STOCK</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">2. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">IN
  THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
  AS MAY PROPERLY COME BEFORE THE MEETING</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">The undersigned hereby revokes all previous proxies
  related to the shares covered hereby and confirms all their said proxies and
  their substitutes may do by virtue hereof. </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">PLEASE SIGN, DATE, AND RETURN
  PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">(<b>NOTE:</b>
  Please sign exactly as your name(s)&nbsp;appear(s)&nbsp;hereon. All holders
  must sign. When signing as attorney, executor, administrator, or other
  fiduciary, please give full title as such. Joint owners should each sign
  personally. If a corporation, please sign in full corporate name, by
  authorized officer. If a partnership, please sign in partnership name by authorized
  person.)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">It is understood that, when properly executed, this
  Proxy will be voted in the manner directed herein by the undersigned
  shareholder. <b>WHERE NO CHOICE IS SPECIFIED
  BY THE SHAREHOLDER, THE PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL. </b></font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:45.02%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">For address changes and/or comments, please check
  this box and write them on the back where indicated.</font></p>
  </td>
  <td width="31%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:31.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Please indicate
  if you plan to attend this meeting.</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Yes</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">No</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="35%" colspan="5" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">To
  obtain information about voting in person, please call</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">the Company at (888) 806-2626.</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:4.0pt 0in 4.0pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature [PLEASE SIGN WITHIN BOX]</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature (Joint
  Owners)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="26" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="164" style="border:none;"></td>
  <td width="13" style="border:none;"></td>
  <td width="38" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="26" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="184" style="border:none;"></td>
  <td width="52" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="59" style="border:none;"></td>
  <td width="55" style="border:none;"></td>
 </tr>
</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS OF</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">&#160;RETRACTABLE TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SERIES IV CLASS&nbsp;B CONVERTIBLE
PREFERRED STOCK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:11.5pt;">Please date, sign, and mail your proxy card in the envelope provided as
soon as possible.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important
Notice Regarding the Availability of Proxy Materials for the Special Meeting:</font></b></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy materials including the Proxy Statement and Forms 10-K and 10-Q</font></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">are
available at www.proxyvote.com.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLEASE DETACH ALONG
PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.</font></p>



<div style="border:none;border-top:dashed windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>



<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="6" valign="top" style="border:solid windowtext 1.5pt;border-bottom:none;padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">PROXY FOR SERIES
  IV CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK (&#147;SERIES IV CLASS&nbsp;B STOCK&#148;)</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">RETRACTABLE
  TECHNOLOGIES, INC.</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">511 Lobo Lane</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Little Elm, Texas
  75068-0009</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">THIS
  PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.</font></b></p>
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The undersigned hereby acknowledges receipt of the
  Notice of a Special Meeting of Preferred Shareholders of Retractable
  Technologies,&nbsp;Inc. (the &#147;Company&#148;) to be held on September&nbsp;25,
  2009, at 11:00&nbsp;a.m., Central time, at the Little Elm City Hall located
  at 100 West Eldorado Parkway, Little Elm, Texas 75068 (the &#147;Special
  Meeting&#148;), and the Proxy Statement in connection therewith, and appoints
  Thomas J. Shaw and Steven R. Wisner, and each of them, individually, as the
  lawful agents and proxies of the undersigned (with all powers the undersigned
  would possess if personally present, including full power of substitution),
  and hereby authorizes each of them to represent and to vote, as designated on
  the reverse side, all the shares of Series&nbsp;IV Class&nbsp;B Stock of the
  Company held of record by the undersigned as of the close of business on
  July&nbsp;27, 2009, at the Special Meeting of Preferred Shareholders or any
  adjournment or postponement thereof.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">At the Special Meeting, the holders of the
  Series&nbsp;IV Class&nbsp;B Stock will vote on a proposal to amend the
  certificate of designation for the Series&nbsp;IV Class&nbsp;B Stock.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The matter to be voted on is not related to or
  conditioned on the approval of other matters.</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:22.22%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Address Changes/Comments:</font></b></p>
  </td>
  <td width="56%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:56.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.7%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:.6%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="78%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:78.4%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.7%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:79.7%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.7%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.7%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(If you noted any Address
  Changes/Comments above, please mark corresponding box on the reverse side.)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.7%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.7%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Continued and to be signed on the
  reverse side)</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:79.7%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:10.14%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="76" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="161" style="border:none;"></td>
  <td width="424" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="76" style="border:none;"></td>
 </tr>
</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='I-2',FILE='C:\JMS\105455\09-20111-1\task3679421\20111-1-bc-21.htm',USER='105455',CD='Aug 13 04:49 2009' -->



<br clear="all" style="page-break-before:always;">
<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Appendix J</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PROXY CARD</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">511 LOBO LANE</font></i></b></p>
  <p style="margin:0in 0in .0001pt .5in;"><b><i><font size="1" face="Times New Roman" style="font-size:9.0pt;font-style:italic;font-weight:bold;">LITTLE ELM, TX
  75068-0009</font></i></b></p>
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.68%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY INTERNET -<u>www.proxyvote.com</u></font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use the Internet to
  transmit your voting instructions and for electronic delivery of information
  up until 11:59&nbsp;p.m. Eastern time the day before the cut-off date or
  meeting date. Have your proxy card in hand when you access the web site and
  follow the instructions to obtain your records and to create an electronic
  voting instruction form. </font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">ELECTRONIC
  DELIVERY OF FUTURE SHAREHOLDER COMMUNICATIONS</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">If you would like to reduce the costs incurred by
  Retractable Technologies,&nbsp;Inc. in mailing proxy materials, you can
  consent to receiving all future proxy statements, proxy cards and annual
  reports electronically via e-mail or the Internet. To sign up for electronic
  delivery, please follow the instructions above to vote using the Internet
  and, when prompted, indicate that you agree to receive or access shareholder
  communications electronically in future years.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY PHONE - 1-800-690-6903</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Use
  any touch-tone telephone to transmit your voting instructions up until
  11:59&nbsp;p.m. Eastern time the day before the cut-off date or meeting date.
  Have your proxy card in hand when you call and then follow the instructions.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE BY MAIL</font></b></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Mark, sign and date your
  proxy card and return it in the postage-paid envelope we have provided or
  return it to Retractable Technologies,&nbsp;Inc., c/o Broadridge, 51 Mercedes
  Way, Edgewood, NY 11717.</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.76%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">TO VOTE, MARK BLOCKS BELOW
IN BLUE OR BLACK INK AS FOLLOWS:</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="71%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:71.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="border:none;border-bottom:dashed windowtext 1.0pt;padding:0in 0in 0in 0in;width:29.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">KEEP THIS PORTION FOR
  YOUR RECORDS.</font></p>
  </td>
 </tr>
 <tr>
  <td width="71%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:71.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THIS
  PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</font></b></p>
  </td>
  <td width="29%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:29.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">DETACH AND RETURN THIS PORTION ONLY.</font></p>
  </td>
 </tr>
</table>



<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="76%" colspan="10" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">RETRACTABLE TECHNOLOGIES, INC.</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">THE
  BOARD OF DIRECTORS RECOMMENDS A </font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">VOTE &#147;FOR&#148; THE FOLLOWING PROPOSAL</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Vote
  on Proposal</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">For</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Against</font></b></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Abstain</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">1. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">AMENDMENT
  OF THE CERTIFICATE OF DESIGNATION FOR THE SERIES V CLASS&nbsp;B STOCK</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:6.88%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">2. </font></p>
  </td>
  <td width="69%" colspan="8" valign="top" style="padding:0in 0in 0in 0in;width:69.88%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">IN
  THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
  AS MAY PROPERLY COME BEFORE THE MEETING</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">The undersigned hereby revokes all previous proxies
  related to the shares covered hereby and confirms all their said proxies and
  their substitutes may do by virtue hereof. </font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">PLEASE SIGN, DATE, AND RETURN
  PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">(<b>NOTE:</b>
  Please sign exactly as your name(s)&nbsp;appear(s)&nbsp;hereon. All holders
  must sign. When signing as attorney, executor, administrator, or other
  fiduciary, please give full title as such. Joint owners should each sign
  personally. If a corporation, please sign in full corporate name, by
  authorized officer. If a partnership, please sign in partnership name by authorized
  person.)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">It is understood that, when properly executed, this
  Proxy will be voted in the manner directed herein by the undersigned
  shareholder. <b>WHERE NO CHOICE IS SPECIFIED
  BY THE SHAREHOLDER, THE PROXY WILL BE VOTED &#147;FOR&#148; THE PROPOSAL.</b></font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:45.02%;">
  <p style="margin:0in 0in .0001pt .25in;text-align:justify;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">For address changes and/or comments, please check
  this box and write them on the back where indicated.</font></p>
  </td>
  <td width="31%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:31.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="76%" colspan="10" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:76.76%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Please indicate
  if you plan to attend this meeting.</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Wingdings" style="font-size:7.0pt;">o</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">Yes</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">No</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="35%" colspan="5" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">To
  obtain information about voting in person, please call</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">the Company at (888) 806-2626.</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:4.0pt 0in 4.0pt .25in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:12.0pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:12.0pt 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:25.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature [PLEASE SIGN WITHIN BOX]</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="9%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:9.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in 0in 0in 0in;width:24.6%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Signature (Joint
  Owners)</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">Date</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:30.68%;">
  <p style="margin:0in 0in .0001pt .25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:5.68%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:35.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:7.4%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
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</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">J-1</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='J-1',FILE='C:\JMS\105732\09-20111-1\task3679422\20111-1-bc-23.htm',USER='105732',CD='Aug 13 04:49 2009' -->


<br clear="all" style="page-break-before:always;">


<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#TableOfContents" title="Click to go to Table of Contents">Table of
Contents</a></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SPECIAL
MEETING OF PREFERRED SHAREHOLDERS OF</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">&#160;RETRACTABLE TECHNOLOGIES, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SEPTEMBER 25, 2009</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:11.5pt;font-weight:bold;">SERIES V CLASS&nbsp;B CONVERTIBLE
PREFERRED STOCK</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:11.5pt;">Please date, sign, and mail your proxy card in the envelope provided as
soon as possible.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important
Notice Regarding the Availability of Proxy Materials for the Special Meeting:</font></b></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
proxy materials including the Proxy Statement and Forms 10-K and 10-Q</font></p>





<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">are
available at www.proxyvote.com.</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PLEASE DETACH ALONG
PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.</font></p>



<div style="border:none;border-top:dashed windowtext 1.0pt;padding:1.0pt 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>



<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="6" valign="top" style="border:solid windowtext 1.5pt;border-bottom:none;padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">PROXY FOR SERIES
  V CLASS&nbsp;B CONVERTIBLE PREFERRED STOCK (&#147;SERIES V CLASS&nbsp;B STOCK&#148;)</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">RETRACTABLE
  TECHNOLOGIES, INC.</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">511 Lobo Lane</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">Little Elm, Texas
  75068-0009</font></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">THIS
  PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.</font></b></p>
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The undersigned hereby acknowledges receipt of the
  Notice of a Special Meeting of Preferred Shareholders of Retractable
  Technologies,&nbsp;Inc. (the &#147;Company&#148;) to be held on September&nbsp;25,
  2009, at 11:00&nbsp;a.m., Central time, at the Little Elm City Hall located
  at 100 West Eldorado Parkway, Little Elm, Texas 75068 (the &#147;Special
  Meeting&#148;), and the Proxy Statement in connection therewith, and appoints
  Thomas J. Shaw and Steven R. Wisner, and each of them, individually, as the
  lawful agents and proxies of the undersigned (with all powers the undersigned
  would possess if personally present, including full power of substitution),
  and hereby authorizes each of them to represent and to vote, as designated on
  the reverse side, all the shares of Series&nbsp;V Class&nbsp;B Stock of the
  Company held of record by the undersigned as of the close of business on
  July&nbsp;27, 2009, at the Special Meeting of Preferred Shareholders or any
  adjournment or postponement thereof.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">At the Special Meeting, the holders of the
  Series&nbsp;V Class&nbsp;B Stock will vote on a proposal to amend the
  certificate of designation for the Series&nbsp;V Class&nbsp;B Stock.</font></p>
  <p style="margin:0in 0in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>
  <p style="margin:0in .25in .0001pt;text-align:justify;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">The matter to be voted on is not related to or
  conditioned on the approval of other matters.</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:22.64%;">
  <p style="margin:0in 0in .0001pt .05in;"><b><font size="1" face="Times New Roman" style="font-size:9.0pt;font-weight:bold;">Address Changes/Comments:</font></b></p>
  </td>
  <td width="56%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:56.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.94%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="77%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:77.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="0%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:none;border-left:solid windowtext 1.5pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt .05in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(If you noted any
  Address Changes/Comments above, please mark corresponding box on the reverse
  side.)</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border:none;border-left:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Continued and to be signed on the
  reverse side)</font></b></p>
  </td>
  <td width="10%" valign="top" style="border:none;border-right:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:solid windowtext 1.5pt;border-right:none;border-top:none;padding:0in 0in 0in 0in;width:10.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
  <td width="79%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:79.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="10%" valign="top" style="border-bottom:solid windowtext 1.5pt;border-left:none;border-right:solid windowtext 1.5pt;border-top:none;padding:0in 0in 0in 0in;width:10.18%;">
  <p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="76" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="163" style="border:none;"></td>
  <td width="418" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="76" style="border:none;"></td>
 </tr>
</table>



<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">J-2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='J-2',FILE='C:\JMS\105732\09-20111-1\task3679422\20111-1-bc-23.htm',USER='105732',CD='Aug 13 04:49 2009' -->


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
