Section 3.3(a) Sample Clauses

Section 3.3(a). Section 3.3(a) of the Agreement is hereby amended and restated to read in its entirety as follows:

Section 3.3(a). Section 3.3(a) of the Agreement is hereby deleted and replaced in its entirety with the following: The authorized capital stock of the Company consists of: (i) 144,000,000 Shares, of which 89,735,630 Shares were issued and outstanding as of the close of business on the day immediately preceding the date of this Agreement; (ii) 1,000 shares of Company Convertible Common Stock, of which no shares were issued and outstanding as of the close of business on the day immediately preceding the date of this Agreement; and (iii) 5,000 shares of Company Preferred Stock, of which no shares were issued and outstanding as of the close of business on the day immediately preceding the date of this Agreement. All of the issued and outstanding Shares have been duly authorized and validly issued, and are fully paid and nonassessable, and all shares of Company Common Stock which may be issued as contemplated or permitted by this Agreement will be, when issued, duly authorized and validly issued, fully paid and non-assessable and not subject to any pre-emptive rights. The Company has no shares of capital stock reserved for issuance, other than those as set forth in this Section 3.3.