Class A: Founder Shares carry a Super Vote of “10” per share. Founder Shares may not be publicly purchased, only issued to initial investors and founder employees. Only 10,000 of these Founder Shares will ever be authorized. While these shares can be transferred, the “Super Vote” privilege cannot be transferred unless it is to an already Existing Founder Shareholder. A proxy for the Super Vote(s) can be named within the Existing Founder Stock owner group. Founder Shares will cease to exist once the Founders have all deceased. If sold to a Non-Founder, the Super Vote shall default into the Common Share class and will only carry 1 vote. Only those who own Founder Shares may serve on the Board of Directors for the first 3 years of the business without having a special appointment that is approved by a 3/4 majority of all votes. In all things other than the Super Vote, Founder Shares shall be priced and treated in the same class as Common Shares.
Common Shares / Class B carry 1 Vote and shall be entitled to 50% of dividend and liquidation rights. 5,000,000 Common Shares will be authorized (10,000 as Class A, and 4,990,000 as Class B). Voting Shares come with the price of commitment. Common Shares shall have a 7% short term fee if sold within the first year, 6% after 2 years, 5% after 3 years, 4% after 4 years, 3% after 5 years, 2% after 6 years, 1% after 7 years, and no fee after being held for 8 or more years. Blocks of 1,000 Common Shares may be released only when approved by a simple majority of all votes and only when released in tandem with blocks of 1,000 Investor Shares.
Investor Shares / Class C carry no vote but shall be entitled to 50% of dividend and liquidation rights. 5,000,000 Investor Shares will be authorized. Investor Shares shall have no short term fees. Blocks of 1,000 Investor Shares may be released only when in tandem with a block release of Common Shares. Investor Shares shall be priced the same as Class A & B Common Shares.