Common use of Shares Authorized Clause in Contracts

Shares Authorized. PURCHASER represents that it is authorized to issue no more than 200,000,000 of common stock.

Shares Authorized. PURCHASER represents that it is authorized to issue no more than 200,000,000 of common stock, and that effective with this agreement there will be less than 100,000,000 shares of the company’s common stock outstanding.