Authorization and Sale of the Securities Sample Clauses


Authorization and Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the Securities.


Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the sale of up to 1,200,000 Common Shares and 600,000 Warrants. The Company reserves the right to increase or decrease this number.

Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the sale of up 7,900,000 Preferred Shares. The Company reserves the right to increase or decrease this number.

Authorization and Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the Securities and the Delayed Exercise Warrant Shares.

Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the sale up to 1,965,740 of Shares of Common Stock and Warrants to purchase up to 387,201 shares of Common Stock of the Company.

Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the sale of (x) up to 3,780,000 shares of Common Stock (the “Issued Shares”), and (y) warrants, in the form attached hereto as Annex II (the “Warrants”), to purchase up to 1,512,000 shares of Common Stock (the “Warrant Shares”).

Authorization and Sale of the Securities. On the terms and subject to the conditions contained in these Terms and Conditions and in the Subscription Agreement to which these Terms and Conditions are attached (the “Subscription Agreement” and, together with these Terms and Conditions, this “Agreement”), the Company has authorized the sale of the Shares and the Warrants and the issuance of the Warrant Shares. The Shares, the Warrants and the Warrant Shares are collectively referred to herein as the “Securities”.


Authorization and Sale of the Securities. Subject to the terms and conditions of the Agreements (as hereinafter defined), the Company has authorized the issuance and sale of up to approximately $6.0 million worth of Shares, together with associated Warrants. The Company reserves the right to increase or decrease this number.

Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the issuance and sale of up to 8,750,000 shares of its Common Stock and up to 4,375,000 Warrants (collectively, the “Securities”) in the Offering.

Authorization and Sale of the Securities. Subject to these Terms and Conditions, the Company has authorized the issuance and sale of up to US$10,000,000 of shares (the “Shares”) of its common stock, par value US$0.001 per share (the “Common Stock”), and warrants to purchase Common Stock in the form of Exhibit A attached hereto (the “Warrants” and together with the Shares, the “Securities”), which will be issued in units of one Share and one Warrant. The Company reserves the right, in its sole discretion, to increase or decrease this number at any time prior to the Closing. In no event shall the Company issue Securities to any Investor in the Offering which, when combined with Common Stock or securities convertible into Common Stock currently held by such Investor, would be in excess of 19.99% of the outstanding Common Stock as of the Closing Date (as defined in Section 3), taking into account the effect of the Offering.