Common use of Authorization of Sale of the Shares Clause in Contracts

Authorization of Sale of the Shares. The Company has authorized ------------------------------------ the sale to the Purchaser of that number of shares (the "Shares") of the Common Stock, $.01 par value per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the sale to of the Purchaser of that number of shares (the "Shares") of the Common Stockcommon stock, $.01 par value $0.01 per share (the "Common Stock"), of the Company, as is equal Company and warrants to purchase Common Stock in the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)amounts set forth in Section 2.

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the sale to the Purchaser of that number of 85,562 shares (the "Shares") of the Common Stockcommon stock, $.01 par value per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)Purchaser.

Authorization of Sale of the Shares. The Subject to the terms and ----------------------------------- conditions of this Agreement, the Company has authorized ------------------------------------ the sale of up to the Purchaser of that number of 4,000,000 shares (the "Shares") of the Common Stockcommon stock, $.01 par value US$0.001 per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Board of Directors of the Company has authorized ------------------------------------ the issuance and sale to the Purchaser of that number of 132,000 shares (each, a “Share” and, collectively, the "“Shares"”) of the Common Stockcommon stock, $.01 par value per share (the "“Common Stock"”), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the issuance and sale to the Purchaser of that aggregate number of shares (the "“Shares"”) of the Common Stockcommon stock, $.01 par value $0.001 per share (the "Common Stock")share, of the CompanyCompany (the “Common Stock”), as which is equal to (x) U.S.$2,000,000 divided by (y) U.S.$6.40 (the quotient obtained by dividing $5,000,000 by the Offering “Purchase Price (as defined belowPer Share”).

Authorization of Sale of the Shares. The Company has authorized ------------------------------------ the sale to the Purchaser Purchasers of that number up to an aggregate of 896,000 shares (the "“Shares"”) of the Common Stockcommon stock, $.01 par value per share (the "“Common Stock"”), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the issuance and sale to the Purchaser of that aggregate number of shares (the "“Shares"”) of the Common Stockcommon stock, $.01 par value $0.001 per share (the "Common Stock")share, of the CompanyCompany (the “Common Stock”), as which is equal to (x) $5,500,000.00 divided by (y) U.S.$6.40 (the quotient obtained by dividing $5,000,000 by the Offering “Purchase Price (as defined belowPer Share”).

Authorization of Sale of the Shares. The Subject to the terms and ----------------------------------- conditions of this Agreement, the Company has authorized ------------------------------------ the sale of up to the Purchaser 1,200,000 shares of that number of shares common stock (the "Shares") of the Common Stock), $.01 par value $0.0001 per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the sale to the Purchaser of that number ________ common shares of shares (the "Shares") of the Common Stockbeneficial interest, $.01 par value per share (the "Common StockShares"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)Purchaser.

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Stock Purchase Agreement, the Company has authorized ------------------------------------ the sale of up to the Purchaser of that number of shares twenty percent (the "Shares"20%) of the Common Stockits outstanding shares of common stock, $.01 par value $.001 per share of the Company (the "Common Stock"). The shares of Common Stock, of and the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price Penalty Shares (as defined below)in Section 7.5) are referred to herein collectively as the "Shares."

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the issuance and sale to the Purchaser of that an aggregate number of shares (the "Shares") of the Common StockCompany’s common stock, $.01 par value $0.0001 per share (the "“Common Stock"), of the Company, as is ”) equal to the quotient number obtained by dividing $5,000,000 (a) US$5,000,000.00 by (b) the Offering Purchase Price (as defined below) (the shares of Common Stock to be sold under this Agreement shall be referred to herein as the “Shares”).

Authorization of Sale of the Shares. The Company has ----------------------------------- authorized ------------------------------------ the issuance and sale to the Purchaser of that number of 129,665 shares (each, a "Share" and, collectively, the "Shares") of the Common Stockcommon stock, $.01 par value per share (the "Common Stock"), of the Company, as is equal to constituting 1.43% of the quotient obtained by dividing $5,000,000 by outstanding Common Stock on the Offering Price (as defined below)Effective Date after such issuance.

Authorization of Sale of the Shares. The Company ----------------------------------- has authorized ------------------------------------ the sale issuance and sale, subject to the Purchaser terms and conditions of that number this Agreement, of up to 1,257,500 shares (the "Shares") of the Common Stockcommon stock, par ------ value $.01 par value .001 per share (the "Common Stock"), of the Company, as is equal . The Company reserves ------------ the right to increase or decrease the number of shares of Common Stock to be sold in this private placement prior to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)Closing Date.

Authorization of Sale of the Shares. The Subject to the terms and conditions of this Agreement, the Company has authorized ------------------------------------ the sale to the Purchaser of that number 1,187,503 shares of shares (the "Shares") of the Common Stockits common stock, $.01 par value $.001 per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).

Authorization of Sale of the Shares. The Company has authorized ------------------------------------ ----------------------------------- the sale to the Purchaser of that number of 125,000 shares (the "Shares") of the Common Stock, $.01 par value per share share, of the Company (the "Common Stock")) at a purchase price of $ [*]per share, which price is at a premium to the current fair market value of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)Common Stock.

Authorization of Sale of the Shares. The Company has authorized ------------------------------------ ----------------------------------- the sale to the Purchaser of that number of 125,000 shares (the "Shares") of the Common Stock, $.01 par value per share share, of the Company (the "Common Stock")) at a purchase price of $6.00 per share, which price is at a premium to the current fair market value of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below)Common Stock.