Common use of Authorization for Issuance of Stock Clause in Contracts

Authorization for Issuance of Stock. WISE TARGET and AMBER LINK shall have received in form and substance satisfactory to counsel for WISE TARGET and AMBER LINK a letter instructing and authorizing the Registrar and Transfer Agent for the shares of common stock of TBAY to issue stock certificates with the appropriate legend relating to the restricted nature of the shares under the Securities Act and representing ownership of TBAY common stock to WISE TARGET and AMBER LINK shareholders in accordance with the terms of this Agreement and a letter from said Registrar and Transfer Agent acknowledging receipt of the letter of instruction and stating to the effect that the Registrar and Transfer Agent holds adequate supplies of stock certificates necessary to comply with the letter of instruction and the terms and conditions of this Agreement.