The document outlines the resolution for a merger between FTC and SF, a wholly owned subsidiary of the Corporation. 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 Board of Directors has approved the merger, and the President of the Corporation is authorized to execute necessary documents to effectuate the merger.
documents/EFTA01390496.pdf
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