Common use of Capitalization; Voting Rights Clause in Contracts

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 shares of Common Stock, par value $0.001 per share, _____________ shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Metropolitan Health Networks Inc)

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Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 20,000,000 shares of Common Stock, par value $0.001 0.10 per share, _____________ 6,650,156 shares of which are issued and outstandingoutstanding as of June 30, 2003, and (ii) 10,000,000 5,000,000 shares of Preferred Stock, par value $0.001 0.10 per share, 5,000 shares 250,000 of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Implant Sciences Corp)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 100,000,000 shares of Common Stock, common stock par value $0.001 per share, _____________ 0.01of which 10,060,802 are issued and outstanding and 1,000,000 shares of preferred stock $0.10 par value, of which none are issued and outstanding, and (ii) 10,000,000 shares . The authorized capital stock of Preferred Stock, par value $0.001 per share, 5,000 shares each active Subsidiary of which are issued and outstandingthe Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Singing Machine Co Inc)

Capitalization; Voting Rights. (a) The As of February 15, 2002, the authorized capital stock of the Company, immediately prior to the Closing, Company consists of (i) 80,000,000 50,000,000 shares of Common Stock, par value $0.001 per share, _____________ 15,325,755 shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 3,202.14 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bestnet Communications Corp)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 20,000,000 shares, of which 10,000,000 are shares of Common Stock, par value $0.001 per share, _____________ 3,049,000 shares of which are issued and outstandingoutstanding , and (ii) 10,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 per share, 5,000 share of which no shares of which preferred stock are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Able Energy Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of May 10, 2005, consists of (i) 80,000,000 30,000,000 shares of Common Stock, par value $0.001 0.01 per share, _____________ shares of which 18,777,790 are issued and outstanding, outstanding and (ii) 10,000,000 shares of Preferred Stockpreferred stock, par value $0.001 1.00 per share, 5,000 shares share of which shares 180,000 are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nestor Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closingdate hereof, consists of (i) 80,000,000 100,000,000 shares of Common Stock, par value $0.001 0.01 per share, _____________ 22,180,270 shares of which are issued and outstandingoutstanding as of December 31, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 shares of which are issued and outstanding2003.

Appears in 1 contract

Samples: Securities Purchase Agreement (United Energy Corp /Nv/)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closingdate hereof, consists of 38,000,000 shares, of which (i) 80,000,000 30,000,000 are shares of Class A Common Stock, no par value $0.001 per share, _____________ 13,179,620 shares of which are issued and outstanding, (ii) 5,000,000 are shares of Class B Common Stock, no par value per share, none of which are issued and outstanding, and (iiiii) 10,000,000 3,000,000 are shares of Preferred Stockpreferred stock, no par value $0.001 per share, 5,000 shares none of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Numerex Corp /Pa/)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 100,000,000 shares of Common Stock, common stock par value $0.001 per share0.0001 of which 53,974,532 are issued and outstanding and 5,000,000 shares of preferred stock par value $0.0001, _____________ of which 141,000 are designated as Series A Preferred Stock, all of which are issued and outstanding and 2,517,233 shares are designated as Series B Preferred Stock, all of which are issued and outstanding, and (ii) 10,000,000 shares . The authorized capital stock of Preferred Stock, par value $0.001 per share, 5,000 shares each Subsidiary of which are issued and outstandingthe Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Island Pacific Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of November 8, 2002, consists of (i) 80,000,000 150,000,000 shares of Common Stock, par value $0.001 .01 per share, _____________ 17,405,150 shares of which are issued and outstanding, outstanding and (ii) 10,000,000 5,000,000 shares of Preferred Stock, par value $0.001 .01 per share, 5,000 shares none of which are issued and outstanding. The Company will at all times have authorized and reserved a sufficient number of shares of Common Stock to provide for conversion of the Note and exercise of the Warrants.

Appears in 1 contract

Samples: Securities Purchase Agreement (Netguru Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Initial Closing, consists of (i) 80,000,000 150,000,000 shares of Common Stock, par value $0.001 per share, _____________ 61,163,381 shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 3,500 of which are designated Series A Preferred Stock, 710 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Advanced Optics Electronics Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of December 31, consists 2005, consisted of (i) 80,000,000 500,000,000 shares of Common Stockstock, par value $0.001 .001 per share, _____________ of which 34,649,150 shares of which are Common Stock and no shares of Preferred Stock were issued and outstanding, . The Company will at all times have authorized and (ii) 10,000,000 reserved a sufficient number of shares of Preferred Stock, par value $0.001 per share, 5,000 shares Common Stock to provide for the issuance of which are issued and outstandingCommon Stock to be sold to Purchaser hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (InZon CORP)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of November 24, 2003, consists of (i) 80,000,000 150,000,000 shares of Common Stock, par value $0.001 .01 per share, _____________ 17,907,154 shares of which are issued and outstanding, outstanding and (ii) 10,000,000 5,000,000 shares of Preferred Stock, par value $0.001 .01 per share, 5,000 shares none of which are issued and outstanding. The Company will at all times have authorized and reserved a sufficient number of shares of Common Stock to provide for conversion of the Note.

Appears in 1 contract

Samples: Securities Purchase Agreement (Netguru Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 100,000,000 shares of Common Stock, par value $0.001 per share, ________________ shares of which are issued and outstandingoutstanding as of January 10, 2002, and (ii) 10,000,000 ii)10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 shares none of which are issued and outstandingoutstanding as of January 10, 2002.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ilive Inc/Nv)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 20,000,000 shares of Common Stock, par value $0.001 0.10 per share, _____________ 6,216,080 shares of which are issued and outstandingoutstanding as of August 31, 2002, and (ii) 10,000,000 5,000,000 shares of Preferred Stock, par value $0.001 0.10 per share, 5,000 shares none of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Implant Sciences Corp)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 205,000,000 shares, of which 200,000 are shares of Common Stock, par value $0.001 per share, _____________ 13,326,810 shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 per share, 5,000 2,466,971 of which shares of which preferred stock are issued and outstanding. The authorized capital stock of each Subsidiary of the Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Incentra Solutions, Inc.)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the First Closing, consists of (i) 80,000,000 15,000,000 shares of Common Stock, par value $0.001 per share, _____________ shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 8,300,000 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cambridge Holdings LTD)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 50,000,000 shares of Common Stock, par value $0.001 per share, _____________ 15,057,141 shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 5,532 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bestnet Communications Corp)

Capitalization; Voting Rights. (a) 4.3.1 The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 100,000,000 shares of Common Stock, par value $0.001 .01 per share, _____________ shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 17,426,210 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tidel Technologies Inc)

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Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 55,000,00 shares, of which 50,000,000 are shares of Common Stock, par value $0.001 per share, _____________ shares 23,044,751shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 per share, 5,000 share of which 4,092,376 shares of which preferred stock are issued and outstanding. The authorized capital stock of each Subsidiary of the Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rezconnect Technologies Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 49,000,000 shares of Common Stock, par value $0.001 per share, _____________ 30,215,384 shares of which are issued and outstandingoutstanding as of September 30, 2001, and (ii) 10,000,000 5,000 shares of Preferred Stock, par value $0.001 per share, 5,000 shares none of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gosun Communications LTD Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 50,000,000 shares of Common Stock, par value $0.001 per share, _____________ 14,659,148 shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 shares none of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bestnet Communications Corp)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 205,000,000 shares, of which 200,000,000 are shares of Common Stock, par value $0.001 per share, _____________ 14,361,293 shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 per share, 5,000 2,466,971 of which shares of which preferred stock are issued and outstanding. The authorized capital stock of each Subsidiary of the Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Note Purchase Agreement (Incentra Solutions, Inc.)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closingdate hereof, consists of (i) 80,000,000 155,000,000 shares, of which 150,000,000 are shares of Common Stock, par value $0.001 0.01 per share, _____________ 18,917,154 shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 0.01 per share, 5,000 of which no shares of which preferred stock are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Netguru Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 90,000,000 shares, of which 85,000,000 are shares of Common Stock, par value $0.001 0.01 per share, _____________ 44,344,250 shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 0.01 per share, 5,000 share (the "Preferred Stock") of which 51,182 shares of which preferred stock are issued and outstanding. The authorized capital stock of each Subsidiary of the Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bio Key International Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 51,000,000 shares, of which 50,000,000 are shares of Common Stock, par value $0.001 .001 per share, _____________ 39,720,189 shares of which are issued and outstanding, outstanding and (ii) 10,000,000 21,000,000 are shares of Preferred Stockpreferred stock, par value $0.001 .001 per share, 5,000 share of which 0 shares of which preferred stock are issued and outstanding. The authorized capital stock of each Subsidiary of the Company is set forth on Schedule 4.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Perfisans Holdings Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of December 27, 2005, consists of (i) 80,000,000 30,000,000 shares of Common Stock, par value $0.001 0.01 per share, _____________ shares of which 18,923,291 are issued and outstanding, outstanding and (ii) 10,000,000 shares of Preferred Stockpreferred stock, par value $0.001 1.00 per share, 5,000 shares share of which shares 180,000 are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nestor Inc)

Capitalization; Voting Rights. (a) 4.3.1 The authorized capital stock of the Company, immediately prior to as of the Closing, date hereof consists of (i) 80,000,000 100,000,000 shares of Common Stock, par value $0.001 .01 per share, _____________ shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 19,426,210 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tidel Technologies Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (ia) 80,000,000 148,500,000 shares of voting Common Stock, par value $0.001 per share, _____________ 35,872,557 shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 6,623,109 shares of which are issued currently reserved for issuance pursuant to outstanding option agreements, and outstanding.10,241,901 shares of which are currently reserved for

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Optimark Holdings Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closing, consists of (i) 80,000,000 10,000,000 shares of Common Stock, par value $0.001 .01 per share, _____________ [***] shares of which are issued and outstanding, and (ii) 10,000,000 5,000,000 shares of Preferred Stock, par value $0.001 .01 per share, 5,000 1,047,588 shares of which are designated Series A Preferred Stock, none of which is issued and outstanding.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Gene Logic Inc)

Capitalization; Voting Rights. (a) The authorized capital stock of the Company, immediately prior to the Closingas of May 1, 2002, consists of (i) 80,000,000 200,000,000 shares of Common Stock, par value $0.001 per share, _____________ shares of which are issued and outstanding, and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per share, 5,000 20,581,126 shares of which are issued and outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Billserv Inc)

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