This document outlines the resolutions related to 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(a)(1)(A) of the Internal Revenue Code. The document authorizes the President of the Corporation 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-efta01355836-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"]}