Page 11 - Presentation - TERM SHEET - Spark Venture Partners LLC
P. 11
USE OF ASSETS FOR BUSINESS EXECUTION
After consultation with the network and business partners, we intend to merge both assets (Asset # 1 & Asset # 2) in order to optimize the business objectives
intended from both contract signings, primarily from a time and economic perspective.
As a result, we intend to take the following course of action, based on the performance profiles we have received from the consultative discussions with the
network and business partners and subsequently reviewed by our Compliance Department with the agreement of our decision makers, which is presented in this
TEEM SHEET as follows.
Further procedure:
o The two assets described (Asset # 1 & Asset # 2) are intended for the implementation of a complete spectrum, which is described in more detail on the
following pages.
o For their implementation, both assets remain in the respective storage facilities (USA & Switzerland).
o For the intended lending/financing of the two assets, the future lenders will be issued with corresponding safekeeping documents, referred to as “Safe Keeping
Receipts”(SKRs), to secure the credit lines for a minimum term of one (1) year and transferred/assigned to the future lenders..
o The “SKRs”have been created for both assets and are therefore available for the further procedure described.