Common use of Capitalization of the Buyer Clause in Contracts

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of fifty million (50,000,000) shares of common stock, $.01 par value, of which 31,661,293 shares are issued and outstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and non-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of fifty million (50,000,000) 5,000,000 shares of common stock, $.01 par value, of which 31,661,293 2,230,500 shares are issued and outstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and non-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's ’s authorized capital stock consists of fifty million (50,000,000) 5,000,000,000 shares of common stockCommon Stock, US $.01 0.001 par value, of which 31,661,293 1,943,350 shares are issued and outstanding, with 30,000,000 Preferred A stock authorized with no shares issued and outstanding, and 20,000 Preferred B stock authorized with 1000 shares issued and outstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, are fully paid and non-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of fifty million (50,000,000) 25,000,000 shares of common stockCommon Stock, $.01 par valuevalue ("Common Stock"), and 2,000,000 shares of which 31,661,293 shares are issued and outstandingPreferred Stock, $.01 par value per share. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and non-assessablenonassessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of fifty million (50,000,000) 8,000,000,000 shares of common stockCommon Stock, US $.01 0.00001 par value, of which 31,661,293 201,556,400 shares are issued and outstanding, with 19,999,000 preferred A stock authorized. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, are fully paid and non-assessable.