Designation, Amount and Par Value and Dividends. (a) The series of preferred stock shall be designated as its 5% Series A Convertible Preferred Stock (the "Series A Preferred") and the number of shares so designated shall be 2,000,000 (which shall not be subject to increase without the written consent of all of the holders of the Series A Preferred (each, a "Holder" and collectively, the "Holders")). Each share of Series A Preferred shall have a par value of $0.001 per share and a stated value equal to $1.00 (the "Stated Value").
Appears in 2 contracts
Samples: Securities Purchase Agreement (Asta Holdings, Corp.), Merger and Share Exchange Agreement (Asta Holdings, Corp.)
Designation, Amount and Par Value and Dividends. (a) The series of preferred stock shall be designated as its 5% Series A Convertible Preferred Stock (the "Series A Preferred") and the number of shares so designated shall be 2,000,000 1,500,000 (which shall not be subject to increase without the written consent of all of the holders of the Series A Preferred (each, a "Holder" and collectively, the "Holders")). Each share of Series A Preferred shall have a par value of $0.001 per share and a stated value equal to $1.00 (the "Stated Value").
Appears in 1 contract
Samples: Merger and Share Exchange Agreement (Asta Holdings, Corp.)
Designation, Amount and Par Value and Dividends. (a) The series of preferred stock Series A Preferred shall be designated as its 5% Series A Convertible Preferred Stock (the "“Series A Preferred"”) and the number of shares so designated shall be 2,000,000 up to 500,000 (which shall not be subject to increase without the written consent of all of the holders of the Series A Preferred (each, a "“Holder" ” and collectively, the "“Holders"”)). Each share of Series A Preferred shall have a par value of $0.001 0.0001 per share and a stated value equal to $1.00 10.00 (the "“Stated Value"”).
Appears in 1 contract
Samples: Share Exchange Agreement (Sibling Group Holdings, Inc.)
