This document outlines the resolutions passed by the Board of Directors regarding the merger of FTC with SF, a wholly owned subsidiary of the Corporation. Jeffrey Epstein is to surrender 10,000 shares of FTC's Common Stock in exchange for 10,000 shares of the Corporation's Common Stock. The merger is intended to qualify as a tax-free reorganization under section 368(2)(1)(A) of the Internal Revenue Code. The President and officers of the Corporation are authorized to execute necessary documents to effectuate the merger.
doj/DataSet10/EFTA01394041.pdf
{"key_people":["Jeffrey Epstein"],"document_type":"legal","key_locations":["United States Virgin Islands"],"document_subtype":"Merger Agreement Resolution","key_organizations":["FTC","SF","Corporation"],"reference_numbers":["DB-SDNY-0099986","SDNY_GM_00246170","EFTA01394041"]}