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

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 shares of the Company's common stock (the "Shares"), par value $.001 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Small World Kids Inc), Stock Purchase Agreement (Small World Kids Inc)

AutoNDA by SimpleDocs

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and shall sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 shares $2,400,000 worth of the Company's common stock Common Stock (the "Shares"), par value $.001 .005 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may to be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biophan Technologies Inc)

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 10,000,000 shares of the Company's common stock Common Stock (the "Shares"), par value $.001 .005 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biophan Technologies Inc)

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 17,750,000 shares of the Company's common stock Common Stock (the "Shares"), par value $.001 .005 per share (the "Common Stock"). The To the extent that the Company has available authorized and has reserved and shares, the Company covenants to reserve and continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biophan Technologies Inc)

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 shares USD three million dollars ($3,000,000) (the "Commitment Amount") worth of the Company's common stock Common Stock (the "Shares"), par value $.001 .005 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biophan Technologies Inc)

AutoNDA by SimpleDocs

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 10,500,000 shares of the Company's common stock ’s Common Stock (the "Shares"), par value $.001 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (NaturalNano , Inc.)

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 11,000,000 shares of the Company's common stock Common Stock (the "Shares"), par value $.001 .005 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biophan Technologies Inc)

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 15,321,154 shares of the Company's common stock ’s Common Stock (the "Shares"), par value $.001 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (NaturalNano , Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!