Common use of Capitalization of Weedmaps Clause in Contracts

Capitalization of Weedmaps. The capitalization of Weedmaps is set forth in Exhibit A. No other equity interests of Weedmaps are issued and outstanding. All of the issued and outstanding membership interests have been duly and validly issued in accordance and compliance with all applicable laws, rules and regulations and are fully paid and nonassessable. There are no options, warrants, rights, calls, commitments, plans, contracts or other agreements of any character granted or issued by Weedmaps which provide for the purchase, issuance or transfer of any membership interests of Weedmaps nor are there any outstanding securities granted or issued by Weedmaps that are convertible into any membership interests of Weedmaps, and none is authorized. Weedmaps is not obligated or committed to purchase, redeem or otherwise acquire any of its equity. All presently exercisable voting rights in Weedmaps are vested exclusively in its outstanding membership interests, and other than as may be contemplated by this Agreement and the Operating Agreement for Weedmaps LLC, there are no voting trusts or other voting arrangements with respect to any of Weedmaps’ equity securities.

Capitalization of Weedmaps. The capitalization of Weedmaps WeedMaps is set forth in Exhibit A. No other equity interests of Weedmaps WeedMaps are issued and outstanding. All of the issued and outstanding membership equity interests have been duly and validly issued in accordance and compliance with all applicable laws, rules and regulations and are fully paid and nonassessable. There are no options, warrants, rights, calls, commitments, plans, contracts or other agreements of any character granted or issued by Weedmaps WeedMaps which provide for the purchase, issuance or transfer of any membership interests equity interest of Weedmaps WeedMaps nor are there any outstanding securities granted or issued by Weedmaps WeedMaps that are convertible into any membership interests equity interest of WeedmapsWeedMaps, and none is authorized. Weedmaps WeedMaps is not obligated or committed to purchase, redeem or otherwise acquire any of its equity. All presently exercisable voting rights in Weedmaps WeedMaps are vested exclusively in its outstanding membership interestsshares of common stock, and other than as may be contemplated by this Agreement and the Operating Agreement for Weedmaps LLC, there are no voting trusts or other voting arrangements with respect to any of WeedmapsWeedMaps’ equity securities.