SHAREHOLDERS RIGHTS AND RESPONSIBILITIES
EXIT CONDITIONS, TIME AND METHODS
ACCOUNTING REQUIREMENTS FOR DERIVATIVE INVESTMENTS
OPERATION FEES / DIRECTOR'S REMUNERATION
INCENTIVE FEES
Shareholders rights:
Shareholders have the right to read the monthly company accounting reports and the
annual accounts certification reports
Shareholders responsibilities:
For any material major decision, shareholders have the responsibilities to physically show up
in the meetings and participate in the voting process.
Corporate Lenders exit conditions :
- Lenders have the flexibility to recall their loan after the first ? year of contract.
- Shareholders may redeem through selling shares to other shareholders or Paul's Investment Group Limited.
- Shareholders may seek individual or corporate buyers and transfer their shares to third party.
Shareholders redemption details :
- Paul's Investment Group Limited shall buy back any amount of shares at the NAV of the up coming month
after redemption, less 2% handling charge.
- Paul's Investment Group Limited facilitates redemption after 3 months of the shares subscription date.
Accounting Requirements for derivative Investments
- Paul's Investment Group Limited keeps detailed accounting records.
- The accounting records for the company compiles mainly from the brokerage statements. Determination of fees and other expenses depends on the shareholders agreement. Along with determining the profit and loss in your shareholding, special attention should be paid to the nature and characteristics of the limited partners in the company.
- Paul's Investment Group Limited will be annually certified by public accountants.
Operation Fees / Director's Remuneration
- The fee schedule is as follows:
- 1% of asset value will be the director's remuneration per year. *
-The mentioned fee is charged quarterly on the first day of every three months. Namely, it is on 1/1, 4/1, 7/1, 10/1.
- Significant costs will be annual certification fee, annual company registration fee, monthly accounting fee and the brokerage commission fees. The commission fees is about 10% of the gross profit. Paul's Investment Group Limited promises to remain lean in terms of office usage and staffs recruitment, however the company reserves the rights to have reasonable expenses in case of company expansion.
*The director's remuneration is subject to review every calender year.
Incentive Fees
- For the benefit of shareholders, there will be no incentive fee at the present stage. However, Paul's Investment Group Limited reserves the right to implement incentive fee in the future.