Common use of Authorization of Sale of Shares Clause in Contracts

Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 1,500,000 shares of common stock ("Common Stock"), par value $.01 per share (each a "Share," and together the "Shares"), of the Company.

Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement, the The Company has authorized the sale and issuance of up to 1,500,000 2,000,000 shares (the “Shares”) of its common stock ("Common Stock")stock, par value $.01 0.0001 per share (each a "Share," and together the "Shares"“Common Stock”), on the terms and subject to the conditions set forth in this Agreement. The shares of Common Stock sold hereunder at the CompanyClosing (as defined below) shall be referred to as the “Shares.”