Common use of Capitalization of IVP Clause in Contracts

Capitalization of IVP. As of the date of this Agreement, the authorized capital stock of IVP consists of 500,000,000 shares of Common Stock, $.001 par value per share, of which ____________340,767,348 shares are issued and outstanding. All issued and outstanding shares of capital stock of IVP are validly issued, fully paid and nonassessable. Except as described in Section 3.02 of the Disclosure Schedule, there are no outstanding (a) securities convertible into or exchangeable for IVP capital stock; (b) options, warrants or other rights to purchase or subscribe to capital stock of IVP or securities convertible into or exchangeable for capital stock of IVP; or (c) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance of any capital stock of IVP, any such convertible or exchangeable securities or any such options, warrants or rights.

Capitalization of IVP. As of the date of this Agreement, the authorized capital stock of IVP consists of 500,000,000 50,000,000 shares of Common Stock, $.001 par value per share, of which ____________340,767,348 48,767,348 shares are issued and outstanding. All issued and outstanding shares of capital stock of IVP are validly issued, fully paid and nonassessable. Except as described in Section 3.02 of the Disclosure Schedule, there are no outstanding (a) securities convertible into or exchangeable for IVP capital stock; (b) options, warrants or other rights to purchase or subscribe to capital stock of IVP or securities convertible into or exchangeable for capital stock of IVP; or (c) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance of any capital stock of IVP, any such convertible or exchangeable securities or any such options, warrants or rights.

Capitalization of IVP. As of the date of this Agreement, the authorized capital stock of IVP consists of 500,000,000 shares of Common Stock, $.001 par value per share, of which ____________340,767,348 426,875,692 shares are issued and outstanding. All issued and outstanding shares of capital stock of IVP are validly issued, fully paid and nonassessable. Except as described in Section 3.02 of the Disclosure Schedule, there are no outstanding (a) securities convertible into or exchangeable for IVP capital stock; (b) options, warrants or other rights to purchase or subscribe to capital stock of IVP or securities convertible into or exchangeable for capital stock of IVP; or (c) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance of any capital stock of IVP, any such convertible or exchangeable securities or any such options, warrants or rights.