Common use of Capitalization of Target Clause in Contracts

Capitalization of Target. The authorized capital stock of Target consists of 1,500 shares of Common Stock, of which 1,500 shares are currently outstanding and held as set forth on Schedule 2.2 hereto. The outstanding shares of Target Common Stock are held by the individuals and entities and in the amounts indicated in Schedule 2.

Appears in 1 contract

Sources: Merger Agreement (Merchantonline Com Inc)

Capitalization of Target. The authorized capital stock of Target consists of 1,500 10,000,000 shares of Common Stock, of which 1,500 1,998,689 shares are currently outstanding and held as set forth on Schedule 2.2 hereto. Target Options are outstanding for the purchase of an aggregate of 401,846 shares of Target Common Stock. The outstanding shares of Target Common Stock and the outstanding Target Options are held by the individuals and entities and in the amounts indicated in Schedule 2.

Appears in 1 contract

Sources: Merger Agreement (Merchantonline Com Inc)