The Oregon Proposed Amendment to the Certificate of Incorporation aims to introduce an amendment that authorizes the creation of up to 10,000,000 shares of preferred stock within a company. This amendment allows for greater flexibility and versatility in the company's capital structure. Preferred stock refers to a class of company shares that hold certain special rights and preferences over common stock. The inclusion of preferred stock in a company's capital structure provides additional options for raising capital and creating different classes of shareholders. The Oregon Proposed Amendment empowers the company to issue preferred stock, up to a maximum of 10,000,000 shares, subject to the terms and conditions outlined in the amendment. This amendment outlines the rights and privileges associated with these preferred shares, such as dividend preferences, liquidation preferences, and voting rights. By authorizing the issuance of preferred stock, companies can tailor their capital structure to suit their specific needs. Preferred stockholders typically have a higher claim on the company's assets and earnings compared to common stockholders. They may also have the right to receive dividends before any distribution to common stockholders and enjoy advantages during mergers or acquisitions, such as preferential treatment in case of liquidation. Companies may choose to create different classes of preferred stock based on the investors' preferences and objectives. For example, a company may issue multiple series of preferred stock, each with varying dividend rates or conversion features. These different classes provide flexibility in attracting different types of investors or accommodating existing shareholders' requirements. The Oregon Proposed Amendment to the Certificate of Incorporation demonstrates the company's proactive approach towards capital structure optimization and enhancing its ability to raise capital. This amendment broadens the company's options for financing, acquisitions, and strategic decision-making. Overall, the Oregon Proposed Amendment to the Certificate of Incorporation authorizing up to 10,000,000 shares of preferred stock is a significant step that enables the company to adapt to evolving market conditions and pursue growth opportunities.