CAPITALIZATION OF SANTA LUCIA. The authorized capital stock of Santa Lucia consists of 50,000,000 share of Santa Lucia Stock, par value $.001. As of December 15, 1989, there were issued and outstanding 6,145,000 shares of Santa Lucia Stock. As of December 15, 1989, there were no outstanding options to purchase the shares of Santa Lucia Stock. To the best knowledge of Santa Lucia after conducting diligent inquiry, all issued and outstanding shares of Santa Lucia Stock have been duly authorized and validly issued and assessable. There are no other outstanding shares of, no securities of Santa Lucia convertible into or exchangeable for, no options or other rights (including any pre-emptive rights) to acquire from Santa Lucia, and no other contracts, understandings, arrangements or obligations (whether or not contingent) providing for the issuance or sale by Santa Lucia, directly or indirectly, of any capital stock or other equity or debt security of Santa Lucia, other than pursuant to this Agreement. There are no outstanding contractual obligations of Santa Lucia to repurchase, redeem or otherwise acquire any outstanding shares of Santa Lucia Stock or other securities issued by Santa Lucia.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Medcare Technologies Inc), Agreement and Plan of Merger (Medcare Technologies Inc), Agreement and Plan of Merger (Medcare Technologies Inc)
