Common use of Authorized Shares and Capital Clause in Contracts

Authorized Shares and Capital. The authorized capital stock of the Company is comprised of 10,000,000,000 shares of Common Stock and 50,000,000 shares of preferred stock, par value $0.0001 per share (the “Preferred Stock”). 200,000 shares of the Preferred Stock has been designated as the Series A Preferred Stock of the Company (the “Series A Stock”). As of the Effective Date, there are 25,872,504 shares of Common Stock issued and outstanding, and 35,520 shares of Series A Stock issued and outstanding, and there are no issued or outstanding Derivatives to acquire any shares of capital stock of the Company.

Appears in 2 contracts

Samples: Option Rollover Agreement (MDWerks, Inc.), Share Exchange Agreement (Descrypto Holdings, Inc.)

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Authorized Shares and Capital. The authorized capital stock of the Company is comprised consists of 10,000,000,000 40,000,000 shares of capital stock, all of which are shares of Common Stock, of which 36,209,002 shares are issued and outstanding. All of the issued and outstanding shares of Common Stock and 50,000,000 shares of preferred stock, par value $0.0001 per share (the “Preferred Stock”). 200,000 shares of the Preferred Stock has been designated are held as the Series A Preferred Stock of the Company (the “Series A Stock”). As of the Effective Date, there are 25,872,504 shares of Common Stock issued and outstanding, and 35,520 shares of Series A Stock issued and outstanding, and there are no issued or outstanding Derivatives set forth in Schedule 1 to acquire any shares of capital stock of the Companythis Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Iho-Agro International Inc.)

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Authorized Shares and Capital. The (a) As of the Effective Date, the authorized capital stock of the Company is comprised consists of 10,000,000,000 (i) 300,000,000 shares of Common Stock common stock, par value $0.001 per share, and 50,000,000 (ii) 25,000,000 shares of preferred stock, par value $0.0001 0.001 per share (the “Preferred Stock”). 200,000 , of which no shares of the Preferred Stock has been designated as the Series A Preferred Stock of the Company (the “Series A Stock”). As of the Effective Dateare designated, there are 25,872,504 shares of Common Stock issued and outstanding, and 35,520 shares of Series A Stock issued and outstanding, and there are no issued or outstanding Derivatives to acquire any shares of capital stock of the Companyoutstanding.

Appears in 1 contract

Samples: Share Exchange Agreement (Sollensys Corp.)

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