Convertible Securities and Shares Reserved for Issuance. (a) Stock Options The following shares of common stock of Torrent are reserved for issuance pursuant to Torrent’s stock option plans: 1,800,000 were registered of which 1,600,000 have been exercised. The following shares of common stock of Torrent are issuable upon the exercise of outstanding stock options: 800,000 of which 200,000 are registered under the Company’s stock option plan.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Torrent Energy Corp), Securities Purchase Agreement (Torrent Energy Corp)