Common use of Authorized Capital; Rights or Commitments to Stock Clause in Contracts

Authorized Capital; Rights or Commitments to Stock. As of November 10, 2004, the authorized capital stock of the Company consists of 110,000,000 shares, of which 100,000,000 shares are Common Stock, of which 48,539,750 shares are issued and outstanding, and 10,000,000 shares are preferred stock, of which no shares are issued and outstanding. All of the outstanding shares of the Company's Common Stock have been validly issued and are fully paid and non-assessable.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Savoy Resources Corp), Securities Purchase Agreement (Savoy Resources Corp), Securities Purchase Agreement (Savoy Resources Corp)

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Authorized Capital; Rights or Commitments to Stock. As of November 10, 2004April 1st 2009, the authorized capital stock of the Company consists of 110,000,000 103,000,000 shares, of which 100,000,000 shares are Common Stock, of which 48,539,750 53,058,663 shares are issued and outstanding, and 10,000,000 3,000,000 shares are preferred stock, of which no shares are issued and outstanding. All of the outstanding shares of the Company's ’s Common Stock have been validly issued and are fully paid and non-assessable.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Medical International Technology Inc), Stock Purchase Agreement (Medical International Technology Inc)

Authorized Capital; Rights or Commitments to Stock. As of November 10, 2004the date of this Agreement, the authorized capital stock of the Company consists of 110,000,000 shares, of which 100,000,000 shares are Common Stock, of which 48,539,750 approximately 66,025,517 shares are issued and outstanding, and 10,000,000 shares are preferred stock, of which no shares are issued and outstanding. All of the outstanding shares of the Company's Common Stock have been validly issued and are fully paid and non-assessable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Savoy Resources Corp)

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Authorized Capital; Rights or Commitments to Stock. As of November 10June 23, 20042005, the authorized capital stock of the Company consists of 110,000,000 shares, of which 100,000,000 shares are Common Stock, of which 48,539,750 53,338,083 shares are issued and outstanding, and 10,000,000 shares are preferred stock, of which no shares are issued and outstanding. All of the outstanding shares of the Company's Common Stock have been validly issued and are fully paid and non-assessable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Savoy Resources Corp)

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