Capitalization of Buyer. After the Closing, the capitalization of Buyer will consist of the following: (a) Common Stock. A total of 350,000,000 authorized shares of the Buyer Common Stock, of which 121,954,577 shares are issued and outstanding. All of the outstanding shares of Buyer Common Stock have been duly authorized, fully paid and are nonassessable.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Geospatial Corp), Asset Purchase Agreement (Geospatial Corp)