Contract analysis

DESCRIPTION OF CAPITAL STOCK The following is a description of the material terms of the capital stock of Calloway-Briggs Renewables Inc. ("CBR" or the "Company"), a Delaware corporation, as set forth in the Company's Amended and Restated Certificate of Incorporation (the "Charter") and Amended and Restated Bylaws (the "Bylaws"), each to become effective upon the closing of this offering. This summary does not purpor