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 19,000 shares of FTC's Common Stock for cancellation and receive 10,000 shares of the Corporation's Common Stock in return. The merger is intended to qualify as a tax-free reorganization under section 368(a)(1)(A) of the Internal Revenue Code. The President of the Corporation is authorized to execute and deliver the Merger Agreement and file necessary documents with the Office of the Lieutenant Governor of the United States Virgin Islands.
documents/vol00010-efta01355713-pdf.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-0040971","SDNY_GM_00187155","EFTA01355713"]}