Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 7,700,000 shares (the "Shares") of common stock, par value $0.001 per share (the "Common Stock"), of the Company.
Authorization of Sale of the Shares. The Company has authorized ------------------------------------ the sale to the Purchaser of that number of shares (the "Shares") of the Common Stock, $.01 par value per share (the "Common Stock"), of the Company, as is equal to the quotient obtained by dividing $5,000,000 by the Offering Price (as defined below).
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of 4,400,000 shares (the "Shares") of common stock, par value $0.10 per share (the "Common Stock"), of the Company in a private placement to Purchasers (as defined in Section 2).
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company may issue and sell to the Purchaser and the Purchaser shall purchase from the Company up to 10,100,000 shares of the Company's common stock (the "Shares"), par value $.001 per share (the "Common Stock"). The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive rights and other similar contractual rights of stockholders, a sufficient number of its authorized but unissued shares of its Common Stock to cover the Shares which may be issued pursuant to the terms of this Agreement.
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of two hundred and seventy thousand (270,000) shares of its Common Stock, par value $0.001 per share (the "Common Stock").
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 3,000,000 shares (the "Shares") of common stock, par value $.01 per share (the "Common Stock"), of the Company.
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the Shares.
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of its ordinary shares, par value NIS 0.01 per share, of the Company ("Ordinary Shares" and the "Shares"), at the Price Per Share (as defined below), representing an aggregate purchase price for all the Shares of US$400,000.
Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 3,485,000 shares (the "Company Shares") of common stock, par value $.001 per share (the "Common Stock"), of the Company and the Selling Stockholder has authorized the sale of up to an aggregate of 600,000 shares (the "Selling Stockholder Shares") of the Company's Common Stock. The Company Shares and the Selling Stockholder Shares are referred to herein collectively as the "Shares."
Authorization of Sale of the Shares. The Company shall adopt and file with the Secretary of State of the State of Delaware (the “Secretary”) on or before the Initial Closing (as defined below) the Certificate of Designations establishing a series (and setting forth the rights and preferences of such series) of the Company’s authorized preferred stock, $0.001 par value (the “Preferred Stock”), to be named the Series A Mandatorily Convertible Voting Preferred Stock (the “Series A Preferred Stock”) and designating 2,865,623 shares of Preferred Stock as shares of Series A Preferred Stock (the “Shares”), in the form of Exhibit A attached to this Agreement (the “Certificate of Designations”). Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to an aggregate of 2,417,471 of the Shares. In addition, prior to the date hereof, the Company agreed to issue 448,153 of the Shares pursuant to the Stock Exchange Agreement and the Bridge Financing (as such terms as defined herein). Each of the Shares will automatically convert into 100 shares of common stock, par value $0.001 (the “Common Stock”) (as converted, the “Conversion Shares”), upon the filing of the Company’s Certificate of Amendment of Restated Certificate of Incorporation (in the form set forth on Exhibit B hereto, the “Certificate of Amendment of Restated Certificate of Incorporation”) with the Secretary. Each Share shall carry a number of votes equal to the number of shares of Common Stock that will be issuable upon its conversion into Conversion Shares. The Shares shall vote together with the Common Stock and not as a separate series or class. The Shares and the Conversion Shares are referred to collectively herein as the “Securities.”
