Authorization to Issue 1,000,000,000 Series "M" Preferred Shares to OTC Meme Corp.

Overview

This document outlines the eligibility requirements and necessary conditions for a company to issue one billion (1,000,000,000) Series "M" Preferred shares to OTC Meme Corp. for participation in the tokenization platform.

---

✅ Core Eligibility Requirements

1. 🏛️ Corporate Status Requirements

// Corporate status verification
interface CorporateStatusRequirements {
  // Legal entity verification ⚖️
  legalEntity: {
    status: "Active legal entity in good standing",
    validity: "Valid corporate status in state of incorporation",
    verification: "Secretary of State confirmation required"
  };

  // Corporate authority 🎯
  authority: {
    board: "Proper board authority to proceed",
    resolutions: "Power to create new share classes",
    binding: "Authority to enter binding agreements"
  };

  // Capital structure 📊
  capitalStructure: {
    documentation: "Secretary of State records",
    transferAgent: "Current cap table verification",
    authorized: "Available share authorization capacity"
  };
}

📋 Required Documentation:

• ✅ Active Legal Entity in good standing
• ⚖️ Corporate Authority to proceed with tokenization
• 📊 Capital Structure Verification through state records

2. 🏗️ Share Creation Capability

// Share creation requirements
pub struct ShareCreationRequirements {
    // Authorization capacity 💪
    pub authorization: AuthorizationCapacity {
        ability: "Create new preferred share class",
        structure: "Within existing corporate framework",
        flexibility: "Charter permits preferred shares"
    },

    // Charter requirements 📜
    pub charter_flexibility: CharterFlexibility {
        preferred_shares: "Charter allows preferred creation",
        characteristics: "Permits Series M specifications",
        amendments: "Ability to amend if needed"
    },

    // Share availability 🎯
    pub share_availability: ShareAvailability {
        minimum: "1,000,000,000 authorized preferred",
        current: "Must be unissued and available",
        alternative: "Or ability to amend charter for authorization"
    }
}

🎯 Key Capabilities Required:

• 🔧 Authorization Capacity - Create new preferred share class
• 📋 Charter Flexibility - Bylaws permit Series "M" characteristics
• 💰 Sufficient Authorization - 1B+ preferred shares available

3. 📄 Documentation Requirements

📚 Required Corporate Documents:

Document	Purpose	Requirement
📜 Corporate Charter	Legal structure verification	Current version
📋 Bylaws	Operating procedures	Current amendments
📊 Capitalization Table	Share structure	Current status
💰 Financial Statements	Company health	If available
🤝 Shareholder Agreements	Existing restrictions	All active agreements
🏦 Transfer Agent Report	Share certification	If applicable

4. ⚖️ Board Authorization

Required board resolution must authorize:

// Board resolution requirements
interface BoardResolution {
  // Series M creation authorization ✨
  shareCreation: {
    quantity: "Exactly 1,000,000,000 Series M shares",
    characteristics: "Immutable specifications required",
    issuance: "All shares to OTC Meme Corp",
    timeline: "Immediate upon approval"
  };

  // Specific authorizations 📋
  authorizations: [
    "Create exactly 1,000,000,000 Series M Preferred shares",
    "Approve immutable characteristics outlined below",
    "Authorize issuance of ALL shares to OTC Meme Corp",
    "Execute tripartite custody agreement",
    "Commit to mandatory token purchase"
  ];
}

---

📊 Series "M" Preferred Share Specifications

🔧 Fixed Parameters

// Series M share specifications
pub struct SeriesMSpecifications {
    // Immutable parameters 🔒
    pub fixed_params: FixedParameters {
        quantity: 1_000_000_000, // Exactly 1 billion shares
        par_value: 0.0001,       // $0.0001 per share
        total_auth_value: 100_000, // $100,000 total authorization
        immunity: "All corporate actions",
        permanence: "Cannot be cancelled or redeemed"
    },

    // Rights structure ⚖️
    pub rights: ShareRights {
        voting: false,     // No voting rights
        dividends: false,  // No dividend rights
        conversion: true,  // 1:1 conversion to common
        immunity: true,    // Split/reverse split protection
        redemption: false  // Cannot be repurchased by company
    },

    // Transfer restrictions 🚫
    pub restrictions: TransferRestrictions {
        holders: vec!["OTC Meme Corp", "Authorized custodians"],
        company_exchange: false, // Company cannot exchange for tokens
        transferability: "Restricted to platform ecosystem"
    }
}

🔒 Required Rights and Restrictions

📋 Mandatory Characteristics:

Feature	Specification	Purpose
🗳️ Voting Rights	None whatsoever	Preserve company control
💰 Dividend Rights	None	No financial obligations
🔄 Conversion	1:1 to common stock	Token holder protection
🛡️ Split Immunity	Protected from dilution	Maintain token backing
🔒 Irrevocable	Cannot be cancelled	Permanent liquidity
🚫 Transfer Restriction	OTC Meme Corp only	Platform control

🛡️ Protective Provisions

Automatic conversion triggers:

// Protective conversion events
enum ConversionTriggers {
  // Bankruptcy protection 💸
  BankruptcyFiling = {
    triggers: ["Chapter 7", "Chapter 11", "Chapter 13"],
    action: "Immediate conversion to common stock",
    purpose: "Protect token holder claims"
  },

  // Regulatory enforcement 🏛️
  SECEnforcementAction = {
    triggers: ["Cease and desist", "Civil penalties", "Asset freeze"],
    action: "Series M converts to common",
    purpose: "Maintain token holder rights"
  },

  // Criminal proceedings ⚖️
  CriminalAction = {
    triggers: ["Indictment", "Conviction", "Plea agreement"],
    action: "Automatic conversion triggered",
    purpose: "Preserve shareholder interests"
  },

  // Transfer agent loss 🏦
  TransferAgentLoss = {
    triggers: ["Loss of transfer agent services"],
    action: "Emergency conversion process",
    purpose: "Ensure continued share validity"
  }
}

---

📋 Compliance Requirements

1. 🆔 KYC/AML Verification

Company verification requirements:

// KYC requirements for companies
interface CompanyKYC {
  // Entity verification 🏢
  entityVerification: {
    legalEntity: "State records verification",
    goodStanding: "Certificate of good standing",
    registration: "Current registration status",
    authorities: "Verification of signing authority"
  };

  // Beneficial ownership 👥
  beneficialOwnership: {
    threshold: "All owners with >5% ownership",
    identification: "Government ID for all beneficial owners",
    verification: "Background and sanctions screening",
    documentation: "Ownership structure chart"
  };

  // Background screening 🔍
  backgroundChecks: {
    litigation: "Active litigation searches",
    bankruptcy: "Bankruptcy history review",
    enforcement: "SEC enforcement action history",
    criminal: "Criminal background checks"
  };
}

2. 📜 Certificate of Designation

State filing requirements:

Required Element	Specification	Purpose
🔢 Share Specifications	All Series "M" details	Legal definition
🛡️ Immunity Provisions	Dilution protection	Token backing security
🔒 Irrevocable Language	Permanent commitment	Cannot be undone
🚫 Company Restrictions	Action limitations	Prevent manipulation

3. 🤝 Tripartite Agreement

Three-party binding agreement:

Issues Series M shares

Provides tokenization platform

Custodial services

The Company

Tripartite Agreement

OTC Meme Corp

Empire Stock Transfer

Binding Legal Framework

📋 Agreement covers:

• 🏢 Company obligations and restrictions
• 🚀 OTC Meme Corp platform responsibilities
• 🏦 Empire Stock Transfer custody duties
• ⚖️ Legal protections for all parties

---

📊 Financial and Operational Requirements

💰 Mandatory Token Purchase

Company must immediately purchase 40-60% of minted tokens:

// Mandatory purchase requirements
interface MandatoryPurchase {
  // Purchase specifications 🎯
  specifications: {
    percentage: "40-60% of total supply",
    timing: "Within 4 hours of minting",
    preFunding: "Must be deposited before share acceptance",
    purpose: "Demonstrate commitment + provide liquidity"
  };

  // Financial calculations 📊
  calculations: {
    // Example scenarios
    scenario40Percent: {
      tokens: "400,000,000 tokens",
      price: "$0.00001 per token",
      investment: "$4,000 total"
    },
    scenario60Percent: {
      tokens: "600,000,000 tokens",
      price: "$0.00001 per token",
      investment: "$6,000 total"
    }
  };

  // Payment structure 💳
  payment: {
    method: "Pre-funded escrow account",
    timing: "Before share deposit accepted",
    currency: "USD wire transfer or crypto",
    verification: "Proof of funds required"
  };
}

🚫 Company Restrictions Post-Tokenization

Permanent prohibitions:

Prohibited Action	Enforcement	Consequence
🔄 Redeem tokens for shares	Smart contract blacklist	Automatic rejection
💰 Repurchase Series M	Custody-level blocking	Empire rejection
🔥 Burn company tokens	Contract restrictions	Cannot reduce reserves
🔧 Modify share terms	Immutable designation	Legally impossible

---

🔍 Due Diligence Process

📋 Step-by-Step Evaluation

Initial Application

Document Review

Corporate Structure Analysis

Legal Compliance Check

Board Resolution Review

Final Approval

Agreement Execution

Phase 1: Initial Screening (1-3 days)

• 📄 Document collection and review
• 🏛️ State registration verification
• 📊 Basic corporate structure analysis

Phase 2: Deep Due Diligence (5-7 days)

• ⚖️ Legal compliance evaluation
• 💰 Financial capacity assessment
• 🔍 Background screening completion

Phase 3: Final Approval (2-3 days)

• 📋 Board resolution review
• 🤝 Agreement finalization
• 💳 Escrow setup for token purchase

🚨 Common Disqualification Factors

// Factors that may disqualify companies
interface DisqualificationFactors {
  // Legal issues ⚖️
  legal: {
    activeBankruptcy: "Currently in bankruptcy proceedings",
    secEnforcement: "Active SEC enforcement action",
    criminalCharges: "Criminal charges against officers",
    courtOrders: "Trading restrictions or asset freezes"
  };

  // Corporate structure 🏗️
  structure: {
    insufficientAuth: "Cannot authorize preferred shares",
    restrictiveBylaws: "Charter prohibits required structure",
    activeRestrictions: "Existing agreements prevent participation"
  };

  // Financial capacity 💸
  financial: {
    insolvency: "Cannot fund mandatory token purchase",
    liens: "Material liens on company assets",
    judgments: "Outstanding legal judgments"
  };
}

---

🎯 Benefits of Meeting Requirements

📈 Immediate Benefits Upon Tokenization

// Tokenization benefits breakdown
pub struct TokenizationBenefits {
    // Market access 🌍
    pub market_access: MarketAccess {
        liquidity: "Permanent access to tokenized liquid markets",
        trading: "24/7 global trading availability",
        pricing: "Real-time price discovery",
        access: "No geographic restrictions"
    },

    // Cost elimination 💰
    pub cost_benefits: CostBenefits {
        ongoing_obligations: "No financial obligations for market-making",
        market_maker_fees: "Eliminated forever",
        compliance_costs: "Reduced regulatory burden",
        maintenance: "Automated infrastructure"
    },

    // Control preservation 🎛️
    pub control_benefits: ControlBenefits {
        voting: "Shares are non-voting (control preserved)",
        operations: "No operational interference",
        independence: "Full business autonomy maintained",
        governance: "Company retains all decision-making"
    },

    // Shareholder benefits 👥
    pub shareholder_benefits: ShareholderBenefits {
        liquidity: "Enhanced liquidity for existing shareholders",
        access: "Global trading accessibility",
        transparency: "Blockchain-based price transparency",
        exit: "Finally provides exit opportunities"
    }
}

🚀 Long-term Strategic Advantages

Benefit Category	Traditional Market	Tokenized Market
💧 Liquidity	Dependent on market makers	✅  Permanent algorithmic
🌍 Access	Limited to broker networks	✅  Global 24/7 trading
💸 Costs	$500,000+ annually	✅  <$25,000 setup only
🎛️ Control	Market maker dependency	✅  Complete independence
👥 Community	Declining shareholder base	✅  Growing token community

---

📊 Evaluation Timeline and Process

⏰ Standard Timeline: 2-3 Weeks

// Evaluation process timeline
class EvaluationProcess {
  // Week 1: Initial review 📋
  week1 = {
    activities: [
      "Document collection and review",
      "State registration verification",
      "Corporate structure analysis",
      "Initial eligibility determination"
    ],
    outcome: "Go/No-go decision",
    timeline: "5-7 business days"
  };

  // Week 2: Legal preparation ⚖️
  week2 = {
    activities: [
      "Legal compliance evaluation",
      "Board resolution preparation",
      "Certificate of designation drafting",
      "Tripartite agreement preparation"
    ],
    outcome: "Legal documents ready",
    timeline: "7-10 business days"
  };

  // Week 3: Execution 🚀
  week3 = {
    activities: [
      "Board resolution passage",
      "State filing submission",
      "Agreement execution",
      "Escrow setup for purchase"
    ],
    outcome: "Ready for tokenization",
    timeline: "3-5 business days"
  };
}

🔍 Detailed Evaluation Criteria

Legal Structure Assessment ⚖️

// Legal evaluation framework
pub struct LegalEvaluation {
    // Corporate standing ✅
    pub standing: CorporateStanding {
        state_registration: "Current and active",
        good_standing: "No delinquent filings",
        agent_status: "Registered agent maintained",
        compliance: "State law compliance verified"
    },

    // Authorization analysis 📊
    pub authorization: AuthorizationAnalysis {
        charter_review: "Preferred share authorization",
        bylaws_analysis: "Amendment and issuance procedures",
        shareholder_rights: "Existing restrictions review",
        board_powers: "Authority to create new classes"
    },

    // Risk assessment 🚨
    pub risk_assessment: RiskAssessment {
        litigation: "Active or pending lawsuits",
        regulatory: "SEC or state enforcement",
        financial: "Bankruptcy or insolvency risk",
        operational: "Going concern analysis"
    }
}

Financial Capacity Review 💰

// Financial evaluation criteria
interface FinancialEvaluation {
  // Purchase capacity 💳
  purchaseCapacity: {
    minimumRequired: "$4,000-6,000 for token purchase",
    verification: "Proof of funds or financing",
    timing: "Available within 4 hours of minting",
    method: "Wire transfer, ACH, or cryptocurrency"
  };

  // Ongoing viability 📈
  viability: {
    operations: "Evidence of ongoing business activity",
    assets: "Sufficient assets to justify tokenization",
    liabilities: "No prohibitive debt or liens",
    prospects: "Reasonable business prospects"
  };
}

---

🚫 Common Disqualification Scenarios

❌ Automatic Disqualifiers

// Scenarios that prevent participation
interface AutomaticDisqualifiers {
  // Legal barriers 🚨
  legal: {
    activeBankruptcy: {
      description: "Currently in bankruptcy proceedings",
      reason: "Cannot create new preferred shares",
      exception: "Post-bankruptcy emergence possible"
    },

    secEnforcement: {
      description: "Active SEC enforcement action",
      reason: "Regulatory uncertainty",
      timeline: "Review after resolution"
    },

    criminalCharges: {
      description: "Criminal charges against key officers",
      reason: "Reputational and legal risk",
      assessment: "Case-by-case evaluation"
    }
  };

  // Structural barriers 🏗️
  structural: {
    insufficientAuthorization: {
      description: "Cannot authorize 1B preferred shares",
      solution: "Charter amendment possible",
      timeline: "Adds 2-4 weeks to process"
    },

    restrictiveAgreements: {
      description: "Existing agreements prevent participation",
      examples: "Debt covenants, shareholder agreements",
      resolution: "May require amendments or waivers"
    }
  };

  // Financial barriers 💸
  financial: {
    insolvency: {
      description: "Cannot fund mandatory token purchase",
      minimum: "$4,000-6,000 required",
      alternatives: "Third-party funding arrangements"
    }
  };
}

---

📝 Application Process

🚀 Getting Started

Step 1: Initial Consultation 📞

// Consultation process
interface InitialConsultation {
  // Preparation 📋
  preparation: {
    duration: "30 minutes",
    cost: "Free initial consultation",
    purpose: "Assess basic eligibility",
    outcome: "Go/no-go recommendation"
  };

  // Information needed 📊
  informationNeeded: [
    "Current corporate status",
    "Share structure overview",
    "Business operations summary",
    "Liquidity goals and timeline",
    "Any known legal issues"
  ];

  // Next steps 🎯
  nextSteps: {
    eligible: "Proceed to document collection",
    modifications: "Address structural issues first",
    ineligible: "Clear explanation of barriers"
  };
}

Step 2: Document Collection 📄

📚 Complete documentation package:

• 📜 Corporate Charter (current version)
• 📋 Bylaws (with all amendments)
• 📊 Cap table (current ownership)
• 💰 Financial statements (if available)
• 🤝 Existing agreements (shareholder, debt, etc.)

Step 3: Legal Structure Review ⚖️

🔍 Comprehensive analysis:

• 📊 Corporate structure assessment
• 🔧 Amendment requirements (if any)
• ⚖️ Legal compliance verification
• 📋 Board resolution preparation

Step 4: Board Approval Process 🗳️

// Board approval requirements
pub struct BoardApprovalProcess {
    // Resolution requirements 📋
    pub resolution: BoardResolution {
        authorization: "Create 1B Series M preferred shares",
        characteristics: "Approve immutable specifications",
        issuance: "Authorize issuance to OTC Meme Corp",
        agreements: "Approve tripartite agreement execution"
    },

    // Documentation 📄
    pub documentation: ResolutionDocumentation {
        minutes: "Board meeting minutes",
        resolution: "Formal written resolution",
        signatures: "All director signatures",
        corporate_seal: "If required by bylaws"
    },

    // Timeline ⏰
    pub timeline: ApprovalTimeline {
        preparation: "1-2 weeks for document prep",
        meeting: "Board meeting to approve",
        execution: "Immediate signature",
        filing: "State filing within 30 days"
    }
}

---

🎯 Success Criteria and Benchmarks

✅ Eligibility Checklist

📋 Pre-Application Checklist:

•  🏢 Active corporation in good standing
•  ⚖️ Board authority to create preferred shares
•  📊 Available authorization for 1B+ preferred shares
•  💰 Financial capacity for token purchase ($4,000-6,000)
•  📄 Clean legal status (no active enforcement/bankruptcy)
•  🤝 Willingness to commit shares permanently
•  ⏰ Timeline availability (2-3 weeks for completion)

🏆 Ideal Candidate Profile

// Ideal tokenization candidate
interface IdealCandidate {
  // Corporate characteristics ✨
  corporate: {
    status: "Active, good standing corporation",
    structure: "Flexible charter allowing preferred shares",
    management: "Engaged leadership team",
    shareholders: "Existing base seeking liquidity"
  };

  // Business profile 📈
  business: {
    operations: "Any level - dormant to active",
    assets: "Some tangible value",
    story: "Compelling narrative for community",
    potential: "Upside opportunity for traders"
  };

  // Market situation 🎯
  market: {
    liquidity: "Currently illiquid or no-bid",
    frustration: "Shareholders seeking exit",
    abandonment: "Traditional markets failed them",
    opportunity: "First-mover advantage in tokenization"
  };
}

---

📞 Contact Information and Next Steps

🚀 Ready to Begin?

📋 Next Steps:

1. 📞 Schedule Consultation: Free 30-minute eligibility call
2. 📄 Review Requirements: Ensure corporate structure compliance
3. 📚 Prepare Documentation: Gather required corporate documents
4. ⚖️ Board Approval: Pass resolution for preferred shares
5. 🚀 Launch: Trading within 2-4 weeks

📞 Contact Information

Contact Method	Details	Best For
📧 Email	resurrect@otc.meme	General inquiries
📞 Phone	1-404-734-3277	Direct consultation
📅 Calendar	https://otc.meme/schedule	Book appointment
💼 Business	partnerships@otc.meme	Corporate partnerships

---

⚠️ Important Disclaimers

🚨 Legal Disclaimers

IMPORTANT NOTICE:

• This document provides general eligibility information only
• Not legal, financial, or tax advice
• Each situation evaluated individually
• Consult qualified professionals for specific guidance
• Tokenization involves risks and regulatory considerations
• No guarantee of approval or success
• Requirements subject to change

Results vary by company. Professional consultation recommended.

🎯 Critical Decision Point

Every day you wait:

• 😞 Shareholders continue suffering in illiquid positions
• 📉 Company value continues eroding without market
• 🏃‍♂️ Competitors may tokenize first in your industry
• 👥 Potential community finds other projects

💡 The resurrection begins with a single decision.

⏰ Make it today.

---

🔥 Remember: Doing nothing guarantees failure. Tokenization offers hope. Your shareholders deserve liquidity. Your company deserves a market that works.

🚀 Start your transformation journey today.