Authorization of Series A Preferred Stock. The Company shall authorize the number of shares of Series A Convertible Preferred Stock, $.01 par value per share (the "Series A Preferred Stock"), as provided herein, which shall be entitled to the preferences, rights and benefits set forth in the capital stock provisions of the Company's Certificate of Designation, to be filed on or before the Closing in the form set forth in Exhibit A attached hereto (the "Certificate of Designation"). The Series A Preferred Stock shall be convertible into shares of the Company's Common Stock as set forth in the Certificate of Designation. After the Closing, the Company shall authorize and reserve a sufficient number of its previously authorized but unissued shares of Common Stock to satisfy the rights of conversion and purchase of the holders of the Series A Preferred Stock. Any shares of Common Stock issuable upon conversion of the Series A Preferred Stock, when issued, shall be referred to as "Conversion Shares."
Authorization of Series A Preferred Stock. The Corporation shall adopt and file with the Secretary of State of the State of Nevada on or before the Closing (as defined below) the Certificate of Designation for the Series A Preferred Stock in the form attached hereto within Exhibit B (the “Series A Certificate of Designation”).
Authorization of Series A Preferred Stock. The Company shall authorize the Series A Preferred Stock in accordance with the terms set forth on Exhibit B attached hereto.
Authorization of Series A Preferred Stock. Promptly following the effectiveness of the filing of the Restated Articles, the Company shall (A) first, cause its Board of Directors to approve the Certificate of Designation for the Series A Preferred Stock, and (B) second, execute and file the Certificate of Designation with the Nevada Secretary of State. The Company shall also cause its Board of Directors to ratify, authorize and approve the issuance, sale and delivery of the Shares to the Purchaser pursuant to this Agreement and the establishment of the reserve for issuance of the Preferred Stock Conversion Shares.
Authorization of Series A Preferred Stock. Promptly after the Closing Date, the Board of Directors of the Company shall use commercially reasonable efforts to amend the Company’s certificate of incorporation to authorize the creation of the Series A Preferred Stock including taking all steps necessary to have such amendment approved by the shareholders of the Company. Purchaser shall take such actions as may be reasonably required to support such shareholder approval.
Authorization of Series A Preferred Stock. The Company shall authorize the number of shares of Series A Convertible Preferred Stock, $.001 par value per share (the "SERIES A PREFERRED STOCK"), as provided herein, which shall be entitled to the preferences, rights and benefits set forth in the Company's Statement of Resolution Establishing a Series of Shares, which has been filed with the Secretary of State of the State of Texas in the form set forth in EXHIBIT A attached hereto (the "STATEMENT OF RESOLUTION"). The Series A Preferred Stock shall be convertible into shares of the Company's common stock, $.001 par value per share (the "COMMON STOCK"), as set forth in the Statement of Resolution.
Authorization of Series A Preferred Stock. The Company has, or before the Closing (as hereinafter defined) will have, authorized the issuance and sale of the Shares of its Series A Preferred Stock, having the rights, restrictions, privileges and preferences as set forth in the Amended and Restated Certificate of Incorporation of the Corporation (the "Restated Certificate") attached to this Agreement as Exhibit A.
Authorization of Series A Preferred Stock. The Company has authorized the issuance and sale to FCI of ten thousand (10,000) shares and to FILP of five thousand (5,000) shares (collectively, the "Shares") of Series A Preferred Stock having the rights and preferences set forth in Exhibit A attached hereto.
Authorization of Series A Preferred Stock. The Company has, or before the Initial Closing Date will have, authorized and created a series of its preferred stock consisting of 10,000 shares, par value $0.01 per share, designated as its "Series A Convertible Preferred Stock" (the "Series A Preferred Stock"). The terms, limitations and relative rights and preferences of the Series A Preferred Stock are set forth in the Certificate of Designation, Number, Voting Powers, Preferences and Rights of the Series A Convertible Preferred Stock of the Company, which has been filed or will be filed before the Initial Closing Date with the Secretary of State of the State of Delaware and a copy of which is attached hereto as EXHIBIT B (the "Certificate of Designation").
Authorization of Series A Preferred Stock. On or before the Initial Closing Date (as defined below), the Company shall adopt and file with the office of the Secretary of State of the State of Delaware the Amended and Restated Certificate of Incorporation of the Company in the form attached hereto as Exhibit B (the “Restated Certificate”).
