INTERNAL CAPITALIZATION LEDGER OF NSWARM INC. β SINGLE-CLASS SHARE STRUCTURE AND ROYALTY OBLIGATION REGISTERS.
CAPITALIZATION TABLE β LEDGER OF RECORD
GOVERNANCE NOTES
THE CAP TABLE BINDS TO THE MISSION-PAIR HASH INFRASTRUCTURE: EVERY SETTLEMENT EVENT WRITES AGAINST A SIGNED PAIR RECORD, AND EVERY ROYALTY ACCRUAL RECONCILES AGAINST THE BOOKS. TRANSFER OF ANY INTEREST REQUIRES COUNTERSIGNATURE UNDER THE SENIOR ROYALTY OBLIGATION TERMS EXPOSED IN THE SHAREHOLDER PORTAL.
THIS INTERNAL LEDGER IS MAINTAINED BY THE OWNER AND VISIBLE IN FULL TO OWNER AND ADMIN. ALL ACCESS EVENTS ARE RECORDED IN THE VAULT ACCESS LOG.