Page 30 - EATS Case ( B)

Euro-ATS was founded in February 2011. It is a private

limited company by share. Euro-AT issued 100 ordinary
shares in the time of incorporation. Sixty five of the shares

of Euro-ATS are owned by Litan Bhowmik, founder and

Managing director. Thirty five of the shares of Euro-ATS are

owned by Dr. Mamikon Aramovich Miskyan, co- founder and
COO.

Shares will be diluted for additional investors when they
express a willingness to invest. This would help bring in

needed administrative expertise, while also increasing the

equity base.

Start-up Summary

Euro-ATS is a start up company with assets of IP,

machineries, prototypes and good will. The project has been
funded by the founders and directors so far. An investment

of approximately £50,000 has been made so far. There is a

detail description of the initial and start up investment in the

balance sheet.

Startup Expenses

EURO ADVANCED TECHNOLOGY

SOLUTIONS Ltd.

Sources of Capital

Owners' Investment

owner1 £0.00

owner1 £0.00
owner1 £0.00