Seamless is currently authorized to issue 20,000,000,000 shares of its common stock of which 10,394,580,963 shares are currently issued and outstanding, 2,000,000 shares of Preferred A Stock, which converts into 10,000 shares of common stock per share, 1,000,000 shares of Preferred B Stock, which have no voting rights and converts into 1,000 shares of common stock, shares of Preferred C Stock which converts into $1.00 worth of common stock and 4,000,000 shares of Preferred D Stock, which has no conversion rights and holds voting rights equal to 10,000 shares of common stock. Currently, shareholders holding votes equal to not less than 13,868,480,000 of the voting rights have consented in writing to the proposal, this constitutes approval of not less than 59% of the voting rights entitled to vote in any shareholder action. The stated voting rights of the preferred shares outlined above will constitute a majority of all votes on any matter presented to the shareholders.
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