Common use of AUTHORIZATION OF SALE OF SECURITIES Clause in Contracts

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance of shares of its Common Stock, in an amount equal to six million eight hundred and ten thousand dollars ($6,810,000.00) to the Investor on the terms and subject to the conditions set forth in this Agreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may be. The shares of Common Stock sold to the Investor hereunder at the Closing (defined in SECTION 3) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance to the Purchaser of 3,237,529 shares of its Common Stock, in an amount equal to six million eight hundred and ten thousand dollars par value $0.0001 per share ($6,810,000.00) to the Investor “Common Stock”), on the terms and subject to the conditions set forth in this Agreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may beAgreement. The shares of Common Stock sold to the Investor hereunder at the Closing (as defined in SECTION 3below) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance of shares of its Common Stock, in an amount par value $0.0001 per share (the “Common Stock”), equal to six ten million eight hundred and ten thousand dollars ($6,810,000.00) 10,000,000.00), to the Investor Purchaser on the terms and subject to the conditions set forth in this Agreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may beAgreement. The shares of Common Stock sold to the Investor Purchaser hereunder at the Closing (as defined in SECTION Section 3) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance of up to 1,249,541 shares of its Common Stock, in an amount equal to six million eight hundred and ten thousand dollars par value $0.001 per share ($6,810,000.00) the “Common Stock”), to the Investor Purchaser on the terms and subject to the conditions set forth in this Agreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may beAgreement. The 1,249,541 shares of Common Stock sold to the Investor Purchaser hereunder at the Closing (as defined in SECTION 3below) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance of 1,234,375 shares of its Common Stock, in an amount equal to six million eight hundred and ten thousand dollars par value $0.001 per share ($6,810,000.00) to the Investor “Common Stock”), on the terms and subject to the conditions set forth in this Agreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may beAgreement. The shares of Common Stock sold to the Investor hereunder at the Closing (as defined in SECTION 3below) shall be referred to as the “Shares”.”