Common use of Capitalization of Purchaser Clause in Contracts

Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 shares of common stock having a par value of $0.001 per share, of which 6,549,900 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 2 contracts

Samples: Share Exchange Agreement (Pacific Goldrim Resources, Inc.), Share Exchange Agreement (Beijing YSKN Machinery & Electronic Equipment Co., Ltd.)

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Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 75,000,000 shares of common stock having a par value of $0.001 .001 per share, of which 6,549,900 75,000,000 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement and Plan of Reorganization (Smartheat Inc.)

Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 100,000,000 shares of common stock having a par value of $0.001 .001 per share, of which 6,549,900 84,400,000 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement and Plan of Reorganization (FusionTech, Inc.)

Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 200,000,000 shares of common stock having a par value of $0.001 0.0001 per share, and 50,000,000 shares of which 6,549,900 shares are issued and outstandingpreferred stock, par value $0.0001 per share. All issued and outstanding shares of Purchaser Common Stock the Purchaser’s capital stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement (Spiral Energy Tech., Inc.)

Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 shares of common stock having a par value of $0.001 per share, of which 6,549,900 5,496,400 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement (Western Ridge Minerals, Inc.)

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Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 75,000,000 shares of common stock having a par value of $0.001 .001 per share, of which 6,549,900 12,980,000 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement (Nova Lifestyle, Inc.)

Capitalization of Purchaser. The entire authorized capital stock of Purchaser consists of 75,000,00 100,000,00 shares of common stock having a par value of $0.001 per share, of which 6,549,900 78,542,870 shares are issued and outstanding. All issued and outstanding shares of Purchaser Common Stock have been duly authorized, are validly issued, fully paid and nonassessable. There are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights or other agreements or commitments to which Purchaser is a party or which are binding upon Purchaser providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement (Wishart Enterprises LTD)

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