Common use of Capitalization of the Buyer Clause in Contracts

Capitalization of the Buyer. The capitalization of the Buyer, as of the date hereof, consists of 100,000,000 shares of $.001 par value Common Stock, 14,188,253 of which are issued and outstanding and 5,000,000 shares of Preferred Stock, none of which are issued and outstanding. All issued and outstanding shares are legally issued, fully paid, and non-assessable, and are not issued in violation of the preemptive or other right of any person.

Capitalization of the Buyer. The capitalization authorized capital stock of the BuyerBuyer consists only of (i) 7,000,000 shares of common stock, $.01 par value, of which, as of the date hereof, consists of 100,000,000 5,655,358 shares of $.001 par value Common Stock, 14,188,253 of which are issued and outstanding and 5,000,000 shares of Preferred Stock, none of which are issued and outstanding. All issued and outstanding shares are legally issued, fully paid, and non-assessable, and are not issued in violation of the preemptive or other right of any person.

Capitalization of the Buyer. The capitalization authorized capital stock of the Buyer, as of the date hereof, Buyer consists of 100,000,000 9,000,000 shares of $.001 common stock, par value Common Stock$0.0001 per share, 14,188,253 of which there are issued and outstanding and 5,000,000 3,425,237 shares of Preferred Stock, none of which are common stock issued and outstanding. All of the issued and outstanding shares are legally common stock of the Buyer has been duly authorized, validly issued, fully paid, paid and non-assessable, and are not issued in violation of the preemptive or other right of any person.

Capitalization of the Buyer. (a). The capitalization authorized capital stock of the Buyer, as Buyer consists solely of the date hereof, consists of 100,000,000 approximately twelve million (12,000,000) shares of common stock, $.001 .02 par value Common Stockvalue, 14,188,253 of which are issued and outstanding and 5,000,000 shares of Preferred Stock, none of which are issued and outstanding. All issued shares of the Buyer are duly authorized, validly issued and outstanding shares are legally issuedoutstanding, fully paid, and non-assessable, and are not issued in violation of the preemptive or other right of any person.

Capitalization of the Buyer. The capitalization authorized capital stock of the Buyer, as of the date hereof, Buyer consists of 105,000,000 shares, 100,000,000 shares of $.001 par value Common Stock, 14,188,253 of which are issued and outstanding classified as Buyer Common Stock and 5,000,000 shares of Preferred Stock, none of which are classified as preferred stock, par value $.0001 per share. As of December 13, 2001, 22,656,335 shares of Buyer Common Stock were issued and outstanding. All issued and outstanding shares are legally issued, fully paid, and non-assessable, and are not issued in violation of the preemptive or other right of any person.