Common use of Authorized Stock Clause in Contracts

Authorized Stock. The Company is authorized to issue 40,000,000 shares, of which, 30,000,000 shares are designated as common stock, $0.001 par value (the “Common Stock”), and 10,000,000 shares are designated as preferred stock, $0.001 par value (the “Preferred Stock”). Of the Preferred Stock, 3,000,000 shares are designated Seed Series Preferred Stock.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Trellis Earth Products Inc)

Authorized Stock. The Company corporation is authorized to issue 40,000,000 sharestwo classes of stock to be designated, of whichrespectively, 30,000,000 shares are designated as common stock, $0.001 par value (the “Common Stock”), and 10,000,000 shares are designated as preferred stock, $0.001 par value (the “Preferred Stock.” The total number of shares of stock which the corporation is authorized to issue is ,000,000 shares, ,000,000 of which shall be Common Stock with a par value of $.0001 per share, 2,000,000 of which shall be Non-Voting Common Stock with a par value of $.0001 per share, and 50,000,000 of which shall be Preferred Stock with a par value of $.0001 per share.). Of the Preferred Stock, 3,000,000 shares are designated Seed Series Preferred Stock.

Appears in 1 contract

Sources: Consent and Mutual Release (Naturade Inc)

Authorized Stock. The Company Corporation is authorized to issue 40,000,000 shares, two classes of which, 30,000,000 shares are to be designated as common stock, $0.001 par value (the “Common Stock”), and 10,000,000 shares are designated as preferred stock, $0.001 par value (the “Preferred Stock”). Of the respectively Preferred Stock, 3,000,000 par value $0.01 per share, and Common Stock, par value $0.01 per share. The total number of shares are designated Seed Series of Preferred StockStock authorized is 12,000,000. The total number of shares of Common Stock authorized is 500,000,000.

Appears in 1 contract

Sources: Merger Agreement (Imc Global Inc)

Authorized Stock. The Company Corporation is authorized to issue 40,000,000 shares, two classes of which, 30,000,000 shares are to be designated as common stock, $0.001 par value (the “Common Stock”), and 10,000,000 shares are designated as preferred stock, $0.001 par value (the “Preferred Stock”). Of the respectively Preferred Stock, 3,000,000 par value $0.01 per share, and Common Stock, par value $0.01 per share. The total number of shares are designated Seed Series of Preferred StockStock authorized is 15,000,000. The total number of shares of Common Stock authorized is 700,000,000.

Appears in 1 contract

Sources: Investor Rights Agreement (Mosaic Co)

Authorized Stock. The Company Corporation is authorized to issue 40,000,000 sharestwo classes of registered capital stock, designated common stock and preferred stock. The aggregate number of whichregistered shares that the Corporation is authorized to issue is 270,000,000, 30,000,000 consisting of 200,000,000 shares are designated as of common stock, $0.001 par value $0.01 per share (the Common Stock”), 60,000,000 shares of Class A common stock, par value, $0.01 per shares (“Class A Common Stock”), and 10,000,000 shares are designated as of preferred stock, $0.001 par value $0.01 per share (the “Preferred Stock”). Of the Preferred Stock, 3,000,000 shares are designated Seed Series Preferred Stock.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Bally's Corp)

Authorized Stock. The This Company is authorized to issue 40,000,000 two classes of stock to be designated, respectively, "Common Stock" and "Preferred Stock". The total number of shares that the Company is authorized to issue is 50,000,000 shares, 35,000,000 shares of which, 30,000,000 which will be Common Stock (the "Common Stock") and 15,000,000 shares are designated as common stock, $0.001 of which will be Preferred Stock. The Preferred Stock will have a par value (of $0.01 per share and the Common Stock”), and 10,000,000 shares are designated as preferred stock, $0.001 Stock will have a par value (the “Preferred Stock”). Of the Preferred Stock, 3,000,000 shares are designated Seed Series Preferred Stockof $0.01 per share.

Appears in 1 contract

Sources: Series J Preferred Stock Purchase Agreement (Emed Technologies Corp)