GSFI · Green Stream Holdings Inc.

This filing reflects a fundamental reconfiguration of Green Stream Holdings’ corporate governance and capital structure. The authorization of Convertible X Preferred Stock introduces a highly asymmetric equity instrument: its fixed 1:1,000,000 conversion ratio means even a single share converts into a massive block of common stock, effectively enabling disproportionate voting control and economic claims with minimal capital outlay. The absence of any adjustment mechanism for stock splits, dividends, or recapitalizations — coupled with explicit immunity from reverse splits — ensures the conversion ratio remains immutable regardless of corporate actions affecting common stock. The 9.9% beneficial ownership limitation for non-director holders further entrenches control within management, specifically Nan Yang, who serves as sole director and authorized officer. Critically, the Litigation Event protective provisions grant Convertible X Preferred holders veto power over core corporate decisions — including settlement of lawsuits, material asset dispositions, and new financing — whenever litigation threatens material outcomes. This significantly constrains operational flexibility and exposes common shareholders to governance gridlock during legal challenges. Finally, the liquidation preference clause — entitling Convertible X holders to 100% of remaining assets after debt repayment — effectively eliminates any residual claim for common shareholders in dissolution, bankruptcy, or deemed liquidation (e.g., asset sale via court order). These changes collectively subordinate common stockholders’ rights, concentrate authority, and introduce novel, investor-unfriendly structural risks not typical of standard preferred stock designations.