Common use of Capitalization of the Buyer Clause in Contracts

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of 25,000,000 shares of Common Stock, $.01 par value ("Common Stock"), and 2,000,000 shares of Preferred Stock, $.01 par value per share. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and nonassessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of 25,000,000 8,000,000,000 shares of Common Stock, US $.01 0.00001 par value ("Common Stock")value, of which 201,556,400 shares are issued and 2,000,000 shares of Preferred Stockoutstanding, $.01 par value per sharewith 19,999,000 preferred A stock authorized. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, are fully paid and nonassessablenon-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's ’s authorized capital stock consists of 25,000,000 5,000,000,000 shares of Common Stock, US $.01 0.001 par value ("Common Stock")value, of which 1,943,350 shares are issued and outstanding, with 30,000,000 Preferred A stock authorized with no shares issued and outstanding, and 2,000,000 20,000 Preferred B stock authorized with 1000 shares of Preferred Stock, $.01 par value per shareissued and outstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, are fully paid and nonassessablenon-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of 25,000,000 fifty million (50,000,000) shares of Common Stockcommon stock, $.01 par value ("Common Stock")value, of which 31,661,293 shares are issued and 2,000,000 shares of Preferred Stock, $.01 par value per shareoutstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and nonassessablenon-assessable.

Capitalization of the Buyer. On the date hereof, the Buyer's authorized capital stock consists of 25,000,000 5,000,000 shares of Common Stockcommon stock, $.01 par value ("Common Stock")value, of which 2,230,500 shares are issued and 2,000,000 shares of Preferred Stock, $.01 par value per shareoutstanding. All of the outstanding shares of capital stock of the Buyer have been and on the Closing Date will be duly and validly issued and are, or will be, fully paid and nonassessablenon-assessable.