What composes the Joint Venture Company?
First, the patent owner: Mr. Zhang Ai Min is the Business Owner and Chairman of the Board for Jiangsu Jinshe “Construction Materials Technology Col, Ltd., (the “Company”), and the inventor of the Reusable Recyclable Plastic Construction Template Project, (the "Project"). Second, Mr. Hudson Hau is the developer of the “Project”). Third, the investors / funders / financers ( whom we are currently seeking) who will: a. Control all his money invested into this project; b. Control all the money that comes in and out of this Joint Venture (JV) company; c. Control all the profits made by this JV company; d. Control the Board of Directors (An Investor will be the Chairman of the Board of Directors for a new Joint Venture company that will be established); e. Make all the decisions for this JV company; f. All their investment can be returned within 3.5 years. g. The maximum investment is $75 million USD ( for 1 factory) or x 4 factories equivalent to 300million USD) h.. According to the request of the banks in China, the Investor must at least take 40% cash as their investment capital; the rest 60% can take their Stand by Letter of Credit (SBLC) as their investment. i. If the Investors persist in using SBLC as their investment, it can be handled through the Company’s banks in Hong Kong. j.. If a funding company only wishes to get a fixed percentage rate of interest, it can be agreed upon. Note: 1. If an Investor does not have time or interest to manage and run this JV company, jointly together with us, the Investor can designate their representative; or, the Investor can get a fixed rate of profits annually, monthly, or seasonally. The fixed rate of percentage can be discussed and agreed upon. 2. Regardless of the ways of cooperation an Investor chooses, all the Investor’s legal rights and economic benefits shall be 100% protected by the JV law and by the JV Contract signed between the Investor and the Company. The company does not buy or lease SBLC’s. ALL RIGHTS RESERVED AND PROTECTED UNDER APPLICABLE LAWS ® |