Amendment to Articles of Incorporation Increasing Authorized Shares of Common and Preferred Stock
This document amends Article IV of the company's Articles of Incorporation to authorize the issuance of up to 9,006,000,000 shares, including 6,000,000 shares of Preferred Stock and 9,000,000,000 shares of Common Stock, each with a par value of $0.001 per share. The amendment specifies that the Common Stock is non-assessable and does not have cumulative voting rights. This change 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 9,006,000,000, consisting of 6,000,000 shares of Preferred Stock, par value $0.001 per share (hereinafter the “Preferred Stock”) and 9,000,000,000 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.
