Common use of Authorized and Issued Clause in Contracts

Authorized and Issued. Capital The authorized capital of Tribute Pharma consists of an unlimited number of common shares, of which at the date of this Agreement, 182 common shares (and no more) have been duly issued and are outstanding as fully paid and non-assessable. The authorized capital of Tribute Pharmaceuticals consists of an unlimited number of common shares, of which at the date of this Agreement, 182 common shares (and no more) have been duly issued and are outstanding as fully paid and non-assessable.