Amendment to Articles of Incorporation Increasing Authorized Shares of Preferred and Common Stock
This document amends the Articles of Incorporation for the company, changing the total number of shares the corporation is authorized to issue. The new authorized capital consists of 5,000,000 shares of Preferred Stock and 6,000,000,000 shares of Common Stock, both with a par value of $0.001 per share. The Common Stock will be non-assessable and will not have cumulative voting rights. This amendment updates the company's capital structure as set out in its foundational corporate documents.
Exhibit 10.1
Text of Amended Articles of Incorporation
The first full paragraph of Article IV of the Company’s Articles of Incorporation shall be amended to read as follows:
The total number of shares of all classes of stock which the Corporation shall have the authority to issue is 6,005,000,000 consisting of 5,000,000 shares of Preferred Stock, par value $0.001 per share (hereinafter the “Preferred Stock”) and 6,000,000,000 shares of Common Stock, par value $0.001 per share (hereinafter the “Common Stock”). The Common Stock shall be non-assessable and shall not have cumulative voting rights.
