Authorized Amount. There are hereby authorized 200,000,000 shares of Series B Common Stock, subject to this Description. The authorized shares of Class B Common Shares shall not be increased unless the holders of Eighty-Five Percent (85%) of the issued and outstanding shares of Class B Common Shares vote in favor of increasing the number of authorized Class B Common Shares.
Appears in 2 contracts
Sources: Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)
Authorized Amount. There are hereby authorized 200,000,000 shares of Series B Common Stock, subject to this Description. The authorized shares of Class B Common Shares Stock shall not be increased unless the holders of Eighty-Five Percent (85%) of the issued and outstanding shares of Class B Common Shares Stock vote in favor of increasing the number of authorized Class B Common SharesStock.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (China Tel Group Inc)