Common use of AUTHORIZATION OF SALE OF SECURITIES Clause in Contracts

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance to the Purchaser of 7,552,084 shares of its Common Stock, par value $0.0001 per share (the “Common Stock”), on the terms and subject to the conditions set forth in this Agreement. The shares of Common Stock sold hereunder at the Closing (as defined below) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance to the Purchaser of 7,552,084 shares of its Common Stock, par value in an amount equal to six million eight hundred and ten thousand dollars ($0.0001 per share (6,810,000.00) to the “Common Stock”), Investor on the terms and subject to the conditions set forth in this AgreementAgreement as consideration for the satisfaction of the KBI Fees that are due or will be due, as the case may be. The shares of Common Stock sold to the Investor hereunder at the Closing (as defined belowin SECTION 3) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance of up to the Purchaser of 7,552,084 1,249,541 shares of its Common Stock, par value $0.0001 0.001 per share (the “Common Stock”), to the Purchaser on the terms and subject to the conditions set forth in this Agreement. The 1,249,541 shares of Common Stock sold to the Purchaser hereunder at the Closing (as defined below) shall be referred to as the “Shares.”

AUTHORIZATION OF SALE OF SECURITIES. The Company has authorized the sale and issuance to the Purchaser of 7,552,084 shares of its Common Stock, par value $0.0001 per share (the “Common Stock”), equal to ten million dollars ($10,000,000.00), to the Purchaser on the terms and subject to the conditions set forth in this Agreement. The shares of Common Stock sold to the Purchaser hereunder at the Closing (as defined belowin Section 3) shall be referred to as the “Shares.”