As of the date of this Agreement, the authorized capital stock of NVPL is 1,000,001 consisting of One Million and One (1,000,001) shares of NVPL Ordinary Stock at $0.20 per share. NVPL has issued and outstanding One Million and One (1,000,001) shares of NVPL Ordinary Stock. The issued and outstanding shares of NVPL Ordinary Stock constitute one hundred percent (100%) of the issued and outstanding capital stock of NVPL. All of the outstanding shares of NVPL Ordinary Stock have been duly authorized, are validly issued and outstanding, and are fully paid and non-assessable. There are no dividends which have accrued or been declared but are unpaid on the capital stock of NVPL.