The document outlines resolutions related to a merger involving FTC and SF, with Jeffrey Epstein surrendering 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 Board of Directors has authorized the merger and the issuance of additional shares to Epstein, and officers are empowered to execute necessary documents.
documents/vol00010-efta01360957-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":["368(2)(1)(A)"]}