BackWeb Parent Sample Clauses

BackWeb Parent. The authorized capital stock of BackWeb Parent consists of 20,000,0000 Ordinary Shares, nominal value NIS 0.01 each (the "BackWeb Parent Ordinary Shares"), of which 6,445,720 shares are issued and outstanding and 44,103,487 Preferred Shares, nominal value NIS 0.01 each, consisting of (a) 25,464,110 Series A Preferred Shares (the "Series A Preferred"), of which 25,464,110 shares are issued and outstanding, (b) 4,237,640 Series B Preferred Shares (the "Series B Preferred"), of which 4,237,640 shares are issued and outstanding, and (c)14,401,737 Series C Preferred Shares, of which 10,482,608 shares are Series C-1 Preferred Shares (the "Series C-1 Preferred"), of which 10,482,608 shares are issued and outstanding and of which 3,919,129 shares are Series C-2 Preferred (the "Series C-2 Preferred", and collectively with the Series A Preferred, Series B Preferred and Series C-1 Preferred, the "BackWeb Parent Preferred"), of which 2,108,696 shares are issued and outstanding. BackWeb Parent has issued warrants (the "BackWeb Parent Warrants")to purchase an aggregate of up to 1,810,432 shares of Series C-2 Preferred. There are no other outstanding shares of capital stock or voting securities. Each outstanding share of BackWeb Parent Preferred and shares of Series C-2 Preferred issuable upon exercise of the BackWeb Parent Warrants are convertible into BackWeb Parent Ordinary Shares. There are currently not more than 60,000,000 BackWeb Parent Ordinary Shares outstanding, on a fully diluted basis. All outstanding BackWeb Parent Ordinary Shares and BackWeb Parent Preferred Shares are duly authorized, validly issued, fully paid and non-assessable and are free of any liens or encumbrances other than any liens or encumbrances created by or imposed upon the holders thereof, and, except as set forth in Section 3.2(a) of the BackWeb Disclosure Schedule, are not subject to preemptive rights or rights of first refusal created by statute, or any agreement to which BackWeb Parent is a party or by which it is bound. BackWeb Parent has reserved 11,170,190 BackWeb Parent Ordinary Shares for issuance to employees and consultants pursuant to the Company's 1996 ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ck Option Plan and 1996 ▇▇▇▇▇▇▇ ▇▇▇ck Option Plan (collectively, the "BackWeb Option Plans") of which 0 shares have been issued pursuant to option exercises and 8,079,100 shares are subject to outstanding, unexercised options. Other than as set forth in Section 3.2(a) of the BackWeb Disclosure Schedule, there are ...