Common use of Capitalization of Priveco Clause in Contracts

Capitalization of Priveco. The entire authorized capital stock and other equity securities of Priveco consists of 390,000,000 shares of Common Stock, $0.001 par value per share and 10,000,000 shares of Preferred Stock, par value $0.001 per share. All of the 36,947,500 currently issued and outstanding shares of Common Stock and the N/A issued and outstanding shares of Preferred Stock (“Priveco Shares”) have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of the State of Nevada. There are no outstanding options, warrants, subscriptions, conversion rights, or other rights, agreements, or commitments obligating Priveco to issue any additional Priveco Shares, or any other securities convertible into, exchangeable for, or evidencing the right to subscribe for or acquire from Priveco any Priveco Shares. There are no agreements purporting to restrict the transfer of the Priveco Shares, no voting agreements, shareholders’ agreements, voting trusts, or other arrangements restricting or affecting the voting of the Priveco Shares.

Capitalization of Priveco. The entire authorized capital stock and other equity securities of Priveco consists of 390,000,000 shares of Common Stock, $0.001 par value per share and 10,000,000 shares of Preferred Stock100,000,000 common shares, par value $0.001 0.00001 per share, (the “Priveco Common Stock”). As of the date of this Agreement, there are 1,160,514 shares of Priveco Common Stock issued and outstanding. All of the 36,947,500 currently issued and outstanding shares of Priveco Common Stock and the N/A issued and outstanding shares of Preferred Stock (“Priveco Shares”) have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of the State of NevadaNevada and its Articles of Incorporation and Bylaws. There are no outstanding options, warrants, subscriptions, conversion rights, or other rights, agreements, or commitments obligating Priveco to issue any additional common shares of Priveco SharesCommon Stock, or any other securities convertible into, exchangeable for, or evidencing the right to subscribe for or acquire from Priveco any common shares of Priveco SharesCommon Stock. There are no agreements purporting to restrict the transfer of the Priveco SharesCommon Stock, no voting agreements, shareholders’ agreements, voting trusts, or other arrangements restricting or affecting the voting of the Priveco SharesCommon Stock.

Capitalization of Priveco. The entire authorized capital stock and other equity securities of Priveco consists of 390,000,000 shares of Common Stock, $0.001 par value per share and 10,000,000 shares of Preferred Stock200,000,000 common shares, par value $0.001 0.01 per share, (the “Priveco Common Stock”). As of the date of this Agreement, there are 26,430,000 shares of Priveco Common Stock issued and outstanding. All of the 36,947,500 currently issued and outstanding shares of Priveco Common Stock and the N/A issued and outstanding shares of Preferred Stock (“Priveco Shares”) have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of the State of NevadaNevada and its Articles of Incorporation and Bylaws. There are no outstanding options, warrants, subscriptions, conversion rights, or other rights, agreements, or commitments obligating Priveco to issue any additional common shares of Priveco SharesCommon Stock, or any other securities convertible into, exchangeable for, or evidencing the right to subscribe for or acquire from Priveco any common shares of Priveco SharesCommon Stock. There Except as disclosed in this Agreement, there are no agreements purporting to restrict the transfer of the Priveco SharesCommon Stock, no voting agreements, shareholders’ agreements, voting trusts, or other arrangements restricting or affecting the voting of the Priveco SharesCommon Stock.

Capitalization of Priveco. The entire authorized capital stock and other equity securities of Priveco consists of 390,000,000 50,000,000 common shares (the "PRIVECO COMMON STOCK"). As of the date of this Agreement, there are 12,350,000 shares of Priveco Common Stock, $0.001 par value per share Stock issued and 10,000,000 shares of Preferred Stock, par value $0.001 per shareoutstanding. All of the 36,947,500 currently issued and outstanding shares of Priveco Common Stock and the N/A issued and outstanding shares of Preferred Stock (“Priveco Shares”) have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of the State of Nevada. There With the exception of the Priveco Warrants, there are no outstanding options, warrants, subscriptions, conversion rights, or other rights, agreements, or commitments obligating Priveco to issue any additional common shares of Priveco SharesCommon Stock, or any other securities convertible into, exchangeable for, or evidencing the right to subscribe for or acquire from Priveco any common shares of Priveco SharesCommon Stock. There are no agreements purporting to restrict the transfer of the Priveco SharesCommon Stock, no voting agreements, shareholders’ ' agreements, voting trusts, or other arrangements restricting or affecting the voting of the Priveco SharesCommon Stock.