Document ID: 12938

Text:
(c)Capitalization.As of the date hereof, the authorized capital stock of the Company is set forth its SEC Documents.Except as disclosed in the SEC Documents (as defined below), (i) no shares of the Company's capital stock are subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by the Company, (ii) there are no outstanding debt securities, (iii) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the Company or any of its Subsidiaries, (iv) there are no agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale of any of their securities under the Securities Act , ( v) there are no outstanding securities or instruments of the Company or any of its Subsidiaries which contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to redeem a security of the Company or any of its Subsidiaries, (vi) there are no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Securities as described in this Agreement and (vii) the Company does not have any stock appreciation rights or "phantom stock" plans or agreements or any similar plan or agreement.The Company has furnished to the Investor true and correct copies of the Company's Articles of Incorporation, as amended and as in effect on the date hereof (the "Articles of Incorporation"), and the Company's Bylaws, as amended and as in effect on the date hereof (the "Bylaws"), and summaries of the terms of all securities convertible into or exercisable for Common Stock, if any, and copies of any documents containing the material rights of the holders thereof in respect thereto.

Named Entities:
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Tokenized Text:
(
c
)
Capitalization
.
As
of
the
date
hereof
,
the
authorized
capital
stock
of
the
Company
is
set
forth
its
SEC
Documents
.
Except
as
disclosed
in
the
SEC
Documents
(
as
defined
below
)
,
(
i
)
no
shares
of
the
Company
'
s
capital
stock
are
subject
to
preemptive
rights
or
any
other
similar
rights
or
any
liens
or
encumbrances
suffered
or
permitted
by
the
Company
,
(
ii
)
there
are
no
outstanding
debt
securities
,
(
iii
)
there
are
no
outstanding
options
,
warrants
,
scrip
,
rights
to
subscribe
to
,
calls
or
commitments
of
any
character
whatsoever
relating
to
,
or
securities
or
rights
convertible
into
,
any
shares
of
capital
stock
of
the
Company
or
any
of
its
Subsidiaries
,
or
contracts
,
commitments
,
understandings
or
arrangements
by
which
the
Company
or
any
of
its
Subsidiaries
is
or
may
become
bound
to
issue
additional
shares
of
capital
stock
of
the
Company
or
any
of
its
Subsidiaries
or
options
,
warrants
,
scrip
,
rights
to
subscribe
to
,
calls
or
commitments
of
any
character
whatsoever
relating
to
,
or
securities
or
rights
convertible
into
,
any
shares
of
capital
stock
of
the
Company
or
any
of
its
Subsidiaries
,
(
iv
)
there
are
no
agreements
or
arrangements
under
which
the
Company
or
any
of
its
Subsidiaries
is
obligated
to
register
the
sale
of
any
of
their
securities
under
the
Securities
Act
,
(
v
)
there
are
no
outstanding
securities
or
instruments
of
the
Company
or
any
of
its
Subsidiaries
which
contain
any
redemption
or
similar
provisions
,
and
there
are
no
contracts
,
commitments
,
understandings
or
arrangements
by
which
the
Company
or
any
of
its
Subsidiaries
is
or
may
become
bound
to
redeem
a
security
of
the
Company
or
any
of
its
Subsidiaries
,
(
vi
)
there
are
no
securities
or
instruments
containing
anti-dilution
or
similar
provisions
that
will
be
triggered
by
the
issuance
of
the
Securities
as
described
in
this
Agreement
and
(
vii
)
the
Company
does
not
have
any
stock
appreciation
rights
or
"
phantom
stock
"
plans
or
agreements
or
any
similar
plan
or
agreement
.
The
Company
has
furnished
to
the
Investor
true
and
correct
copies
of
the
Company
'
s
Articles
of
Incorporation
,
as
amended
and
as
in
effect
on
the
date
hereof
(
the
"
Articles
of
Incorporation
"
)
,
and
the
Company
'
s
Bylaws
,
as
amended
and
as
in
effect
on
the
date
hereof
(
the
"
Bylaws
"
)
,
and
summaries
of
the
terms
of
all
securities
convertible
into
or
exercisable
for
Common
Stock
,
if
any
,
and
copies
of
any
documents
containing
the
material
rights
of
the
holders
thereof
in
respect
thereto
.