On the Closing Date, immediately before the Share Exchange Transaction, VIGILANT shall have authorized 500,000,000 shares of Common Stock, par value $0.0001 per share, of which 16,398,400 shares shall be issued and outstanding, all of which are duly authorized, validly issued and fully paid and 50,000,000 shares of Preferred Stock, par value $0.0001 per share, of which 4,000,000 are designated as Nonvoting Convertible Series A Preferred Stock, 540,000 of which were previously issued but were converted into common stock, which leaves none currently issued and outstanding.