Compare Basic Incorporated ByLaws

note:

An amendment is pending to update some of the dates to include the new crowdfunding campaign.

There are presently unsold 1,600 shares from the original campaign, see amendment details below. The present number of total shares is 8,400.

Definitions

"company" refers to Compare Basic Incorprated.
"shareholder(s)" refers to the human owner of the share(s) of any class.
"signature" digital cryptographic or physical pen-and-ink personal signature. designating confirmation of a document by an individual.
"certification" written communication with an authorized signature.
"officially engaged capital" monetary value reserved for a four month operating runway.
"crowdfunding" the money raised through gofundme titled "Compare Basic - F3 Points Raise

Bylaws can be modified by a shareholder vote, some by-laws require a majority vote in each class
Bylaws with an expiration date or condition can only be removed by a majority vote within each share class
Any bylaw involving an uneven distribution of dividends betweeen share classes requires a majority vote in each class. After the initial Mandatory Distribution Schedule, If no dividend schedule is elected dividends will be distributed evently amonth shares.

All shares have 1 vote
All shares are sold from the company with the following sale restriction
The company must be offered 90 days to purchase the shares back from shareholders for a value proportional to the share over the total of company shares as a multiple of 24 times the monthly median revenue of the company over a six month period starting 30 days prior to the date of written notice delivered to the company by the shareholder with certification (written communication with an authorized signature) that contains a statement of plans to sell the shares.
Shares are divided into the following classes

All shares have the same rights but are subject to different dividend payout amounts specified by the Dividend Payout Schedule established in these laws or amendments enacted by shareholder vote.

Dividends will be automatically distrubuted to shareholders quarterly for any revenue after taxes that puts the company accounts above engaged capital. Company accounts are the monetary value after operational expenses are paid from revenue.
Present oparational expenses:
- Monthly total: $4,116
  - Staff: $3,166
  - Equipment/Servers: $600
  - Office: $350
Present engaged capital:

Some staff has the option of defering their salary to a later date and the server expenses are not presently at the maximum cost amount. The option to place company accounts in a more favorable position is up to the the employed members elected compensation which must be less than their salary amount.

Total value of dividends paid to Ordinary B Shareholders matches or exceeds 125% of the monetary value originally raised through crowdfunding.
A salary and equipment budget increase limit of 6% for any 6 month period will be in effect for the duration of this schedule.
Allocation of new stock cannot exceed 10,000 shares while this schedule is in place
Dividends of profits are distributed as a value of 1 over the total shares in that class with the following percentages to profits for each share class.
- Ordinary A shares: 0%
- Ordinary B shares: 100%

On or before June 1st 2024, the stock will expand and create the class B shares and increase the total shares up to 10,000.
6,900 A Class shares will be created and ownership will be assigned to the

Class B shares will be created proportional to shareholders entering through crowdfunding at $5 per crowdfunding contribution per share.
Contributors through the crowdfunding will have the option of purchasing class B shares or future products from Compare Basic with their crowdfunding value.

amendment:

These terms are also extended for any crowdfunding campaign until the total stock number reaches 10,000.

All shareholder meeting attendance is optional, Shareholder Voting Meetings require an opt-out confirmation which places the votes of that shareholder as abstained for the votes that take place in that meeting.
All shareholder meetings will take place on a video call or in person if all participating shareholders are physically present.
Online Shareholder Portal
- The online shareholder portal will have up to date financial, customer, and product development information as well as a discussion forum for shareholders to document proposals or conversations between other shareholders.
Shareholder Discussion Meetings
- Meetings will be held monthly to discuss any issue relevant to the company.
- Meetings are intended to last no more than 55 minutes.
Shareholder Voting Meetings
- Meetings will be held every quarter of a year
- Meetings are intended to last 35 minutes
  - 20 minutes discussion of upcoming topics to vote on
  - 15 minutes of voting
Impromptu Voting Meetings
- Out of the normal schedule, voting meetings require 3 business days' notice, or opt in/out confirmation from all shareholders in order to take place sooner.

All shareholders can nominate a proposal for voting, if the shareholder proposal requires a majority vote in each class, one member from each class must second the proposal, for classes that have more than one shareholder that second must be in addition to the shareholder who introduces the proposal.