[Letters Patent] Constancian Commercial Exchange Corporation

[Primo de Aguilar]

Jaime Augusto Joaquin Primo de Aguilar by the Grace of the Basileus Grand Knight Commander of The Order of the Great Kingdom of Constancia, Sýmvoulos of the High Court, Minister of Finance, International Trade and Industry, Kyvernítis of the Basileusian Bank, Strategos of Oranje, Kanikleios of Basileusa Megaliotate and Autokrator of Constancia, Co-Ruler of the Kingdom

To all whom these commands shall come, the Autokrator sends

GREETING:

WHEREAS the continued welfare of the people of the Free and Associative Kingdom and the growth of its commerce is paramount in the national interest

In the name and with the authority of

Πετερ Τηε Τηιρδ by the Grace of God and the Fountains of the Kingdom of Constancia Basileus Head of the Constancian Church Defender of the Faith

LET IT THEREFORE BE KNOWN there is hereby established a private body corporate with perpetual existence to be known as the Constancian Commercial Exchange Corporation, domiciled in Vey, and with other offices in Nivardom, Aqaba, Petropolis, Atacama, and elsewhere within the Free and Associative Kingdom of Constancia.

AND WE DO FURTHER DECLARE that the corporation shall have separate legal personality and perpetual succession, and other rights generally accruing to a corporation under common law, both local and international.

AND WE DO FURTHER DECLARE that the corporation shall be governed by a Chief Executive, who reports to the Court of Directors, and such other corporate officers as the Court of Directors may provide, per the By-Laws. The Court of Directors are elected by the shareholders for a one-year term.

AND WE DO FURTHER DECLARE that the Court of Directors may by resolution promulgate By-Laws to govern its operations, that do not contravene this Decree

AND WE DO FURTHER DECLARE that until otherwise declared by the Court of Directors, the capitalization of the corporation shall be Ten Billion Constancian Staters, divided into Fifty Shares, payable by shareholders in Teldrin Thalers or other equivalent currency acceptable by the Corporation, at an acceptable currency exchange rate

AND WE DO FURTHER DECLARE that only shareholders of the Corporation shall have a seat within, and be permitted to engage in brokerage of stocks, bonds, and other financial and money market instruments within the Constancian Commercial Exchange

AND WE DO FURTHER DECLARE that whosoever shall presume to engage in brokerage of stocks, bonds, and other financial and money market instruments within the Constancian Commercial Exchange without being a legitimate shareholder thereof shall be subject to expropriation of all property and hard labor for ten years

AND WE DO FURTHER DECLARE that until otherwise amended by sale or transfer of shares, or issuance of new shares for consideration of capital, the following shall constitute the shareholders of the Corporation; other subscribers may become shareholders after payment by value received for each share, in Constancian Stater, or its foreign currency equivalent:

(1 Teldrin Thaler ~ 281 Shireroth Imperial Erb ~ 843 Constancian Staters as working rates)

Basileusan Bank: 1
Thema Oranjesion: 1
Atacama Corporation: 1
Banca Credito Commercio Immobiliare: 1
Imperial & Emirati Bank of Alalehzamin and Constancia: 1
Oranjesion Private Equity Capital: 1
Haifa Trading Group: 1
South Sea (Ura'Bos) Company Ltd: 1
Gainshare Capital Holdings: 1

Public offering: 41



AND WE DO FURTHER DECLARE that the Corporation shall be exempt from any and all taxes within the Free and Associative Kingdom and has authority to engage in any and all manner of commercial and financial transactions, provided that ten per centum of its annual net revenue shall accrue to the Basileusan Bank in favor of the Government of the Free and Associative Kingdom

AND WE DO FURTHER DECLARE that the Corporation shall be authorized to engage in investment marketing and commercial and financial activities in support of its aims to serve as the primary financial and commercial market in Eura

AND WE DO FURTHER DECLARE that officers and employees of the Corporation are granted permanent residency in within the Free and Associative Kingdom for the duration of their service

AND WE DO FURTHER DECLARE that Corporation officers and employees are exempt from any Constancian taxation, in lieu of which a 5% fee of annual gross individual earnings shall accrue to the Basileusan Bank in favor of the Government of the Free and Associative Kingdom

AND FINALLY WE DECLARE that such lands within the Free and Associative Kingdom, not to exceed 10 square kilometers in total, necessary for the construction, maintenance and operation of aforesaid Corporation are, subject to approval of the Autokrator, conveyed in fee simple to the Corporation

IN WITNESS WHEREOF We have caused our Sign-Manual and Seal to be Affixed.

WITNESS Ourself at Nirytos House in the 18th day of Apellaios in the 46th year of the Basileus' Reign,

By The Autokrator Himself Signed with His Own Hand,

Jaime Augustin Joaquin Primo de Aguilar