Common use of Capitalization of the Parent Clause in Contracts

Capitalization of the Parent. As of the execution date of this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August __, 1997. The outstanding shares of Parent Common Stock and Preferred Stock, par value $.001 ("Parent ------ Preferred Stock") have been duly and validly issued and are fully paid and non- --------------- assessable.

Capitalization of the Parent. As of the execution date of this The total authorized, issued and ---------------------------- Agreement, the total authorized outstanding capital stock of the Parent is as set forth in the Confidential Information Statement dated August __, 1997. The outstanding shares of the capital stock of Parent Common Stock and Preferred Stock, par value $.001 ("Parent ------ Preferred Stock") have been duly and validly issued and are fully paid and non- --------------- non-assessable.

Capitalization of the Parent. As of the execution date of this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August __, 1997of the Parent delivered to each of the Shareholders by the Parent prior to the date hereof. The outstanding shares of Parent Common Stock and Preferred Stock, par value $.001 ("Parent ------ Preferred Stock") par value, have been duly and validly issued and are fully paid and non- --------------- non-assessable.

Capitalization of the Parent. As of the execution date of this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August ___, 1997. The outstanding shares of Parent Common Stock and Preferred Stock, $.001 par value $.001 ("Parent ------ Preferred Stock") ), have been duly and validly issued and are fully paid and non- --------------- assessable.

Capitalization of the Parent. As of the execution date of ---------------------------- this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August ___, 1997. The outstanding shares of Parent Common Stock and Preferred Stock, par value $.001 .001, of Parent ("Parent ------ Preferred Stock") have been duly and validly issued and are ----------------------- fully paid and non- --------------- non-assessable.

Capitalization of the Parent. As of the execution date of this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August __, 1997. The outstanding shares of Parent Common Stock and Preferred Stock, par value $.001 ("Parent ------ Preferred Stock") ), have been duly and validly issued and are fully paid and non- --------------- non-assessable.

Capitalization of the Parent. As of the execution date of this ---------------------------- Agreement, the total authorized capital stock of the Parent is as set forth in the Confidential Information Statement dated August ___, 1997. The outstanding shares of Parent Common Stock and Preferred Stock, par value $.001 ("Parent ------ Preferred Stock") have been duly and validly issued and are fully paid and non- --------------- assessable.