Common use of Capitalization of MYHI Clause in Contracts

Capitalization of MYHI. A. The authorized capital stock of MYHI consists of: (i) 500,000,000 shares of common stock, par value $0.001, of which 110,024,897 shares of common stock are issued and outstanding; and (ii) 250,000,000 shares of preferred stock, par value $0.001, of which there are 100,000 shares of preferred stock which are issued and outstanding. B. All of the issued and outstanding shares of common stock of MYHI immediately prior to the Exchange are, and all MYHI Shares when issued in accordance with the terms hereof will be, duly authorized, validly issued, fully paid and non-assessable, will have been issued in compliance with all applicable U.S. federal and state securities laws and state corporate laws, and will have been issued free of preemptive rights of any security holder.

Capitalization of MYHI. A. The authorized capital stock of MYHI consists of: (i) 500,000,000 shares of common stock, par value $0.0010.0001, of which 110,024,897 223,510,432 shares of common stock are issued and outstanding; and (ii) 250,000,000 shares of preferred stock, par value $0.0010.0001, of which there are 100,000 shares of preferred stock which are issued and outstanding. B. All of the issued and outstanding shares of common stock of MYHI immediately prior to the Exchange are, and all MYHI Shares when issued in accordance with the terms hereof will be, duly authorized, validly issued, fully paid and non-assessable, will have been issued in compliance with all applicable U.S. federal and state securities laws and state corporate laws, and will have been issued free of preemptive rights of any security holder.