Common use of Capitalization and Stock Ownership Clause in Contracts

Capitalization and Stock Ownership. The total authorized capital stock of Acquiree consists of 1,500 common shares. Of such authorized capital stock, the only issued and outstanding shares on the date hereof are 1,400 shares of Acquiree common stock. Except as set forth on Schedule 4.4, there are no existing options, warrants, calls, commitments or other rights of any character (including conversion or preemptive rights) relating to the acquisition of any issued or unissued capital stock or other securities of Acquiree. All of the issued and outstanding shares of Acquiree common stock are validly issued, fully paid and non-assessable.

Capitalization and Stock Ownership. The total authorized capital stock of Acquiree consists of 1,500 an unlimited number of common shares. Of such authorized capital stock, the only issued and outstanding shares on the date hereof are 1,400 2,107 shares of Acquiree common stockCommon Shares. Except as set forth on Schedule 4.4, there There are no existing options, warrants, calls, commitments or other rights of any character (including conversion or preemptive rights) relating to the acquisition of any issued or unissued capital stock or other securities of Acquiree. All of the issued and outstanding shares of Acquiree common stock Common Shares are validly issued, fully paid and non-assessable.