As of April 6, 2020, there were 4,697,620,787 shares of Cosmos’s common stock issued and outstanding. The Acquisition Shares, when issued in connection with this Agreement and the other Transactional Agreements, will be duly authorized, validly issued, fully paid and nonassessable. Cosmos will take all reasonable efforts subsequent to the Closing to effect and amendment to its Articles of Incorporation, as amended, to effect an increase in its authorized shares of common stock to issue and deliver to the any portion of the Acquisition Shares not delivered at Closing to the .
As full consideration for the sale, assignment, transfer and delivery of the Shares by the to Cosmos, and upon the terms and subject to all of the conditions contained herein, Cosmos shall issue to the an aggregate of 1,078,269,470 shares of Cosmos common stock (the “Acquisition Shares”) on a pro rata basis based upon their respective beneficial
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