RAI Sample Clauses

RAI a) The Collection Rights;

RAI. As of the date hereof, the authorized capital stock of RAI consists of (i) 10,000,000 shares of common stock, par value $0.01 per share, of which 6,918,186 shares of common stock are issued and outstanding, all of which are validly issued, fully paid and non-assessable and (ii) 250,000 shares of preferred stock, par value $0.01 per share, which have been designated as Series A Convertible Preferred Stock, of which none are issued and outstanding. RAI has no other authorized, issued or outstanding class of capital stock. At the Closing, immediately prior to the Reincorporation, RAI shall effect the Reverse Stock Split as a result of which RAI will have no more than 300,000 shares of RAI Common Stock, issued and outstanding on a Fully Diluted Basis, plus (i) up to 500 shares of RAI Common Stock which may be issued by RAI solely in connection with rounding up fractional shares resulting from the Reverse Stock Split and (ii) up to 30,000 shares of RAI Common Stock which may be issued by RAI solely in connection with rounding up to 100 the number of shares to be issued to each Non-Round Lot Holder as a result of the Reverse Stock Split (such aggregate number of shares of RAI Common Stock issued and outstanding, the “Maximum Capitalization”).