Common use of Capitalization and Valid Issuance of Shares Clause in Contracts

Capitalization and Valid Issuance of Shares. (a) The authorized equity interests of the Company consist of 100,000,000 shares of preferred stock, par value $0.001 per share, and 300,000,000 shares of Common Stock. Prior to the issuance and sale of the Purchased Shares, there were (i) 160,563,494 shares of Common Stock issued and outstanding and (ii) no shares of preferred stock of Company, par value $0.001 per share, issued and outstanding. All outstanding equity securities of the Company are duly authorized, validly issued, fully paid and non-assessable.

Capitalization and Valid Issuance of Shares. (a) The authorized equity interests of the Company consist of 100,000,000 shares of preferred stock, par value $0.001 per share, and 300,000,000 shares of Common Stock. Prior to the issuance and sale of the Purchased Shares, there were (i) 160,563,494 160,568,340 shares of Common Stock issued and outstanding and (ii) no shares of preferred stock of Company, par value $0.001 per share, issued and outstanding. All outstanding equity securities of the Company are duly authorized, validly issued, fully paid and non-assessable.

Capitalization and Valid Issuance of Shares. (a) The authorized equity interests of the Company consist of 100,000,000 10,000,000 shares of preferred stock, par value $0.001 0.01 per share, and 300,000,000 180,000,000 shares of Common Stock. Prior to At the issuance and sale close of the Purchased Sharesbusiness on June 27, 2017, there were (i) 160,563,494 65,835,820 shares of Common Stock issued and outstanding and (ii) outstanding. There are no shares of preferred stock of Company, par value $0.001 0.01 per share, issued and outstandingoutstanding except for the Purchased Shares to be issued pursuant to this Agreement. All outstanding equity securities of the Company are duly authorized, validly issued, fully paid and non-assessable.

Capitalization and Valid Issuance of Shares. (a) The authorized equity interests of the Company consist of 100,000,000 200,000,000 shares of Common Stock, and 50,000,000 shares of preferred stock, par value $0.001 per share, and 300,000,000 shares of Common Stock. Prior to the issuance and sale As of the Purchased SharesClosing Date, there were (i) 160,563,494 33,725,844 shares of Common Stock issued and outstanding and (ii) no 26,000 shares of preferred stock of Company, par value $0.001 per share, Series A Preferred Stock issued and outstanding. All outstanding equity securities of the Company are duly authorized, validly issued, fully paid and non-assessable.

Capitalization and Valid Issuance of Shares. (a) The authorized equity interests of the Company consist of 100,000,000 200,000,000 shares of Common Stock, par value $0.01 per share, and 50,000,000 shares of preferred stock, par value $0.001 0.01 per share, and 300,000,000 shares of Common Stock. Prior to the issuance and sale of the Purchased Shares, there were (i) 160,563,494 29,624,335 shares of Common Stock issued and outstanding and (ii) no shares of preferred stock of Company, par value $0.001 per share, Company issued and outstanding. All outstanding equity securities of the Company are duly authorized, validly issued, fully paid and non-assessable.