At the Closing Date, the authorized capital of FNTT shall consist of three hundred and fifty million (350,000,000) shares of common stock, $0.001 par value, and no other classes of stock. Prior to the Closing Date, the total quantity of shares that are issued and outstanding is one hundred and eighty-three million, eight hundred and fifty thousand (183,850,000) shares. All of the shares outstanding are duly and validly issued, fully paid and non-assessable. There are no outstanding subscriptions, options, rights, warrants, debentures, convertible promissory notes, or other instruments or convertible securities or other agreements or commitments obligating FNTT to issue any additional shares of any class or any options or warrants at any time, except as stated in this Agreement.