Phoenix Rising Companies Inc (PRCX)

[Davey77]

RETENTION OF OFFICERS AND DIRECTORS: By this transaction the Seller becomes the largest shareholder of RS. Accordingly, Seller will have the right to make changes to the Directors and Officers of RS by following certain procedures provide in applicable laws and rules. Nevertheless, Seller agrees and promises to retain the current Officers and Directors subject only to their willingness to continue in their respective capacities. Notwithstanding this provision, The Parties agree and acknowledge that Seller may appoint additional officers and directors anytime.