| 1) | Open an investment
account with Friendwell and a Bank account at China Trust Bank USA (Investors
will be able to review both their Friendwell Investment account and China Trust
Bank account on line any time and anywhere) |
| 2) | Friendwell
Management LLC will provide potential investors with investment properties, investment
pro-forma and assessment analysis of the investment properties on our web-site
and or by mail |
| 3) | Friendwell
Management LLC will form a different Limited Liability Company (LLC) for each
investment property, so every investor only invests on specific property they
identify. (For example ABC Hotel we would form a company called ABC Hotel Limited
Liability Company ) |
| 4) | Once
investors decide to invest, they have to identify the investment property, and
the amount of investment. (minimum US$300,000.00) |
| 5) | After
investment property and the shares of investment are identified, The shares (or
stocks) of the identified investment property would be recorded in investors'
name. At the same time investors should transfer investment proceed for purchasing
the property. At this point, real estate investment is complete and investors
become our investment partners.(All investment partners may see their investment
account summary or portfolio on their investment account on line) |
| 6) | Every April 30,
July 31, October 31, and January 31 a quarterly financial statement will be on
our web-sit for investment partners review. Profit will also deposit into
individual investment partners bank account quarterly. |
| 7) | When
investment partners decide to sell their investment before we become a publicly
traded REIT, we have the following resources to allow them sell their shares. |
| | A) | Either
Friendwell Investment LLC or new investors directly buy shares from the old investors
at a price both parties agree upon.(We usually will present the accounting book
value and the market value for consideration) |
| | B) | We
can use the property to finance and buy back the shares, if over 50% of share
holders decide to carry higher debt and own more shares. |
| | C) | We
will call on private equity partners Morgan Stanley, Merrill Lynch, or JP Morgan
to buy 90% to 80% of the whole investment at a price both parties agree upon.
(This only happen when over 50% of the share holders decide to sell their shares)
|
| | D) | We
can put the property on the market and sell it on the market. (This only happen
when over 50% of share holders decide to do so) |
| | E) | Investment
partners may sell their shares to third party with our knowledge. |