Common use of Status of Common Stock Clause in Contracts

Status of Common Stock. The Common Stock, when issued and allotted at the Closing in exchange for Sugarmade Shares, will be duly authorized, validly issued, fully paid, nonassessable, and free of any preemptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, and will have the rights, preferences, privileges, and restrictions set forth in DVOP's Certificate of Incorporation and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the Sellers, in DVOP's stockholders ledger.

Status of Common Stock. The Common Stock, when issued and allotted at the Closing in exchange for Sugarmade DataSight Shares, will be duly authorized, validly issued, fully paid, nonassessablenon-assessable, and free of any preemptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, and will have the rights, preferences, privileges, and restrictions set forth in DVOP's LEDCO’s Certificate of Incorporation and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the Sellers, in DVOP's LEDCO’s stockholders ledger.

Status of Common Stock. The Common Stock, when issued and allotted at the Closing in exchange for Sugarmade SharesXXXXXXXXX Interests, will be duly authorized, validly issued, fully paid, nonassessablenon-assessable, and free of any preemptive pre-emptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, and will have the rights, preferences, privileges, and restrictions set forth in DVOPRSD's Certificate of Incorporation charter and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the SellersXXXXXXXXX Owners, in DVOPRSD's stockholders ledger.

Status of Common Stock. The Common Stock, when issued and allotted at the Closing in exchange for Sugarmade DGH Shares, will be duly authorized, validly issued, fully paid, nonassessablenon-assessable, and free of any preemptive pre-emptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, ,and will have the rights, preferences, privileges, and restrictions set forth in DVOPRSD's Certificate of Incorporation charter and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the SellersDGH Shareholders, in DVOPRSD's stockholders ledger.