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AMERICAN BUGATTI CORPORATION

"A" STOCK

40,000 SHARES - par value $5.00 
Preferred as to assets with preferred dividends of 6% after 1937, and in addition 33-1/3% of the profits. "A" Shares are to be callable at $10 with a sixty day privilege of conversation into "B" Stock - share for share

"B" STOCK

120,000 Shares - par value $1.00
40,000 shares to be reserved for conversion of "A" Stock
30,000 shares to be issued to Bugatti Company of Strasbourg in consideration of patents, developments, etc.
50,000 shares to be sold for cash at par to [[Strickthrough]] Veebee [[/strikethrough]] Bendix and associates.

"A" STOCK

20,000 Shares - par value $5.00
Preferred as to assets with preferred dividends of 6% after 1937, and in addition [[strikethough]] 33 [[/strikethrough]] 25-1/3% of the profits. 
"A" Shares are to be callable at $10 with a sixty day privilege of conversion into "B" Stock - share for share. 

"B" Stock

[[strikethrough]] 6 [[/strikethrough]] 80,000 shares - par value $1.00
20,000 [[?]]