Common use of Capital Structure of NeoHydro Technologies Corp Clause in Contracts

Capital Structure of NeoHydro Technologies Corp. As of the date of this Agreement, the authorized capital stock of NeoHydro Technologies Corp. consists of 480,000,000 shares of NeoHydro Technologies Corp. Common Stock, $0.00001 par value, of which 165,000,000 shares of NeoHydro Technologies Corp. Common Stock are issued and outstanding and 100,000,000 shares of preferred stock of which none are outstanding. There are no other shares of NeoHydro Technologies Corp. stock issuable upon the exercise of outstanding warrants, convertible notes, options and otherwise. Except as set forth above, no shares of capital stock or other equity securities of NeoHydro Technologies Corp. are issued, reserved for issuance or outstanding. All shares which may be issued pursuant to this Agreement will be, when issued, duly authorized, validly issued, fully paid and nonassessable, not subject to preemptive rights, and issued in compliance with all applicable state and federal laws concerning the issuance of securities.