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Capital acknowledgment

Evidence of consideration under BCL § 504.

ACKNOWLEDGMENT OF SHARE ISSUANCE AND CAPITAL CONTRIBUTION

🔴 DRAFT — FOR ATTORNEY REVIEW. NOT EXECUTED. DO NOT SIGN AS-IS.

Prepared 2026-09-08 for ENHANCE BUSINESS CONSULTING INC., NY DOS ID 5238420 — a corporation formed 2017-11-21 under the name ENHANCE AUTO CREDIT INC and renamed by Certificate of Amendment filed with the New York Department of State on 2026-06-30 (file no. 260630002539). Both names refer to the same corporation and the same DOS ID. Prepared by a non-lawyer for the purpose of reducing a New York attorney's drafting time to review time. This is not legal advice. These documents are intended for attachment to government certification applications accompanied by a notarised affidavit, and must be reviewed, corrected and finalised by a licensed New York attorney before execution.

NOTHING IN THIS DOCUMENT IS BACKDATED. It is dated the day it is actually signed and it recites the corporation's history accurately. See 08-COVER-MEMORANDUM.md.

Every BRACKETED ITEM is a fact that has not been confirmed — see 00-PLACEHOLDER-REGISTER.md.

What this document is for. MWBE separately demands "proof of sources of capitalization" — how the company was funded when it started. For a 2017 one-person corporation the bank statement is often long gone. This document does not replace that evidence; it frames it, by stating on the record what the consideration was and connecting it to the share issuance.

🟢 The good news, and it is genuinely reassuring. BCL § 504(a) accepts as valid consideration "money or other property, tangible or intangible; labor or services actually received by or performed for the corporation or for its benefit or in its formation or reorganization; a binding obligation to pay the purchase price or the subscription price in cash or other property; a binding obligation to perform services having an agreed value; or a combination thereof." The very next sentence of § 504(a) adds: "In the absence of fraud in the transaction, the judgment of the board or shareholders, as the case may be, as to the value of the consideration received for shares shall be conclusive."

⚠️ Citation corrected 2026-09-08 — an earlier draft attributed that second sentence to § 504(d). It is in § 504(a). § 504(d) is a different and, as it happens, now-relevant rule: shares without par value — which is what this Corporation has — "may be issued for such consideration as is fixed from time to time by the board" unless the Certificate of Incorporation reserves that right to the shareholders. There is no par-value floor to clear.

So if Bobby capitalised the corporation with a few hundred dollars, with a laptop, or with his own work in forming and running it, each of those is valid consideration and the board's valuation of it is conclusive. There is no minimum. There is nothing to be defensive about. The only wrong answer is an invented one.

ATTORNEY TO CONFIRM: subscription agreement vs acknowledgment form for document 06 — if consideration was actually paid in 2017, an acknowledgment (this form) is right. If the consideration is being provided now, or was a promise to pay, a subscription agreement is the right instrument instead.

ACKNOWLEDGMENT OF SHARE ISSUANCE AND CAPITAL CONTRIBUTION

ENHANCE BUSINESS CONSULTING INC.

A New York domestic business corporation · Department of State ID No. 5238420

Dated: SIGNATURE DATE — the actual date of signing, in 2026

1 · The parties

The Corporation: ENHANCE BUSINESS CONSULTING INC. (formerly ENHANCE AUTO CREDIT INC), a New York domestic business corporation formed November 21, 2017 under the name ENHANCE AUTO CREDIT INC and renamed by Certificate of Amendment filed June 30, 2026 (file no. 260630002539), DOS ID 5238420, principal office 607 Nereid Avenue, Bronx, New York 10470.

The Shareholder: Robert C. Knuckles Jr., 607 Nereid Avenue, Bronx, New York 10470.

2 · The shares
Class Common Stock — the Corporation's only class
Par value None — shares without par value (verified from the NY DOS entity record)
Shares authorised 200 (verified from the NY DOS entity record)
Number of shares issued to the Shareholder SHARES ISSUED — CONFIRM WITH BOBBY
Percentage of issued and outstanding shares 100%
Certificate number CERTIFICATE NO. — CONFIRM AFTER REGISTER ITEM B4; 1 if issued now, the existing number if a 2017 certificate exists, or "Uncertificated" under § 508(f)

3 · The consideration

The Corporation acknowledges that it received from the Shareholder, on or about DATE OF INITIAL CAPITAL CONTRIBUTION — CONFIRM WITH BOBBY, the following consideration for the shares described above:

CONSIDERATION PAID — CONFIRM WITH BOBBY

⚠️ Complete this with what actually happened. Examples of correct completions, each of which is valid under BCL § 504:

Do not state a figure that is not supported. If the amount is not known, leave it bracketed and supply the supporting document instead.

4 · Board determination as to value

The Board of Directors of the Corporation has determined that the consideration described in § 3 is adequate and constitutes valid consideration within the meaning of BCL § 504. Pursuant to BCL § 504(a), in the absence of fraud in the transaction that determination is conclusive. The shares being without par value, BCL § 504(d) permits the Board to fix that consideration and imposes no minimum.

5 · Fully paid and non-assessable

Upon receipt of the consideration described in § 3, the shares described in § 2 became, and have at all times since remained, fully paid and nonassessable, and the Shareholder is entitled to all the rights and privileges of a holder of such shares, as provided in BCL § 504(i). (An earlier draft cited § 504(h); that paragraph is the rule that certificates may not be issued until the consideration has been paid. § 504(i) is the rights-and-privileges provision.)

6 · Sole ownership

The Shareholder represents, and the Corporation confirms, that the shares described in § 2 constitute one hundred percent (100%) of the issued and outstanding shares of the Corporation; that the Shareholder has held them continuously since their issuance; that no other person has ever held any share of the Corporation; and that the shares are not subject to any lien, pledge, security interest, option, or agreement of any kind.

7 · Supporting evidence

The following evidence of the capital contribution is available and is submitted with, or is identified for, this acknowledgment:

🔴 Ask for the 2017 records under the name ENHANCE AUTO CREDIT INC. The corporation did not carry its present name until 2026-06-30, so the opening bank account, the formation receipt, the first tax return and the accountant's opening balance sheet will all be filed under the old name. A search of the accountant's or the bank's records for "Enhance Business Consulting" will come back empty and that emptiness will mean nothing.

💡 The accountant is the highest-yield call here. If the 2017 bank records are gone, the opening balance sheet or the first return will carry the paid-in capital figure, and that is a contemporaneous third-party-prepared document — better evidence than a statement made now.

8 · Statement as to dating

This acknowledgment is executed on the date below and is effective as of that date. It records a contribution and issuance that occurred earlier and states their actual dates. No part of it is backdated.

THE CORPORATION ENHANCE BUSINESS CONSULTING INC.

_______________________________________ By: Robert C. Knuckles Jr., President Date: SIGNATURE DATE — the actual date of signing, in 2026


THE SHAREHOLDER

_______________________________________ Robert C. Knuckles Jr. Date: SIGNATURE DATE — the actual date of signing, in 2026

Prepared as a draft for attorney review. Not legal advice. Not executed.