(1) Requirements: Trustee must have a working bank account to their name or company name which will be used for the transfer of the funds. The trustee must have either the copy of a drivers license, work identity card, national identity card or international passport for the confirmation of legitimacy and for the processing of their Investment. The trustee must provide a bank statement of account to ascertain their financial status and also as assurance of paying back the investment completely and on time. The trustee must provide an executive summary/business plan and a business license for a better understanding of the deal and proof of the existence of the company.
(2) Payments: Trustee shall make payments on a monthly or yearly basis. All payments shall begin 1 month after funding or at the end of the first year of funding.
(3) Consequences of Default to Payment: If the trustee defaults on the payment of a repayment pursuant to the Investment Contract in full or part, the Lender or Lenders’ representative have the right to demand interest in arrears in accordance with the terms and conditions of the Investment Contract, demand the immediate repayment of the Investment, engage in debt collection measures and report the default of payment obligations under the Investment Contract to the credit rating register. The debt collection of the Investment results in costs for which the trustee is liable.
(4) Communication: Trustee must inform us about any change of circumstances and MUST notify us in writing within seven days of any change in your address or if you think there is any information that We Should be aware of. If the trustee has provided misleading information that may have influenced the funding of the Investment or its terms and conditions or if the trustee is guilty of other material breach of agreement, I have the right to demand the repayment of the entire remaining principal with interest and other fees by the Borrower within four (4) weeks or, if the trustee has been informed previously of the breach of agreement, within two (2) weeks of the reminder of due date being sent to the trustee if the breach of agreement has not been rectified by that time.
(5) Borrowers Duty to Provide Information: When seeking an investment, the Trustee asserts that the information provided by the trustee is correct and true. The trustee is liable for the correctness of the information provided by the Trustee. The trustee shall provide information on the trustee and their financial position by submitting a bank statement and other information which has effects on the investor-trustee relationship essential in the information on the projects provided by the trustee.
(6) Rate Of Interest: Interest rate shall be 10%- 20%, as it is our belief that this is the fairest way to charge interest and should result in you paying back less interest over the course of the Investment term. If installments are not paid by the Due Date, the trustee is liable to pay any outstanding payments in arrears.
(7) Right to Amendment: The Investor has the right to amend the terms and conditions of the Investment contracts by informing the trustee in advance in writing if the amendment does not increase the responsibilities or reduce the rights of the Trustee, and the amendment is due to an amendment to legislation or a decision issued by the authorities. The Trustee is considered to have approved the amendments to the terms and conditions unless the trustee objects to the amendments by the proposed effective date of the amendments. The trustee is informed of the amendment a minimum of one month in advance of the effective date of the amendment.
(8) Applicable Law and Settlement of Disputes: This Agreement is subject to Finnish legislation. If any disputes arising from this contract cannot be resolved through negotiations between the parties, the dispute shall be resolved by the District Court of the Trustee’s domicile.
(9) The Funding Process: There is an 8 to 15 days interval from submission of the information on the project and requirements to funding. On receiving the information about the project, it is carefully examined. Information on the project received is considered and the decision is made based on the flow of income on the bank statement and overall ability to repay the investment. It is ensured that any deal closed, does not result in the client facing financial difficulties or struggling with repayment.
(10) Investment Amount: Investment amounts range from $500,000.00 to $350,000,000.00.
(11) Investment duration: Investment duration ranges from 1 to 10 years.
(12) Shares: For equity investments, we will require 15% – 30% in shares.
