(c) Solaris Capitalization. As at the date of this Agreement, (a) an aggregate of 2,160,000,000 shares of capital stock of Solaris, $0.0001 par value per share (the “Solaris Capital Stock”) are authorized for issuance, of which (i) 2,150,000,000 shares of Solaris Capital Stock are designated as common stock (the “Solaris Common Stock”), and (ii) 10,000,000 shares of Solaris Capital Stock are designated as preferred stock, containing such rights, privileges and designations as the Solaris Board of Directors may from time to time designate (the “Solaris Preferred Stock”); and (b) an aggregate 1,832,897,782 shares of Solaris Common Stock are issued and outstanding, (b) 228,169,897 shares of Solaris Common Stock are reserved for issuance and (c) 1,000,000 shares of Solaris Series A Preferred Stock are issued and outstanding and owned by the Solaris Majority Voting Stockholder.
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