Price per Share: $1.00
Terms of Class B Tokens
The Class B Tokens will represent a single share of Class B Token of the company, with rights and preferences as designated in the amended & restated articles of incorporation and summarized in the Offering Document.
- Blockchain: ERC 1450
- Exchanges: We currently intend listing the token on exchanges, but this may change, pending approval to list on such exchanges, changes to the regulatory landscape, or any other reason. Security Tokens may be eligible for trading on SEC approved alternate trading platforms as they become available. There is no guarantee that such a trading platform will be available at that time.
Material Terms
- Voting Rights: Class B Token holders are not entitled to vote on any matter submitted for shareholder action, and the consent of the holders shall not be required for the taking of any corporate action.
- Restrictions on Transfer: 1 year from closing of this Offering
- Dividends/Distributions: Class B Tokens shall be entitled to receive 80% of any dividends or distributions of cash or other property. However, Class B Tokens shall not be entitled to receive any mandatory dividends or distributions of cash or other property but only such dividends or distributions as the Corporation declares from time to time in its sole discretion.
- Redemption Rights: The Company has no obligation to redeem Class B Tokens.