INVU is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, and is entitled to own or lease its properties and to carry on its business as and in the places where such properties are now owned, leased or operated and such business is now conducted except for any such failure, which when taken together with all other failures, is not likely to have a Material Adverse Effect on the business of INVU taken as a whole. INVU is qualified to do business as a foreign corporation in each jurisdiction, if any, in which its property or business requires such qualification.