October 2012, NYSSBDC Business & Trade Mission to China

2012, OCTOBER – NYSSBDC BUSINESS & TRADE MISSION TO CHINA

IN SEPTEMBER PRIOR TO ARRIVING IN CHINA ON THE NYSSBDC TRADE MISSION LIENTO MA AND TOM KRYZAK SIGNED A LETTER OF INTENT FOR A JOINT VENTURE RELATIONSHIP BY MAILING SIGNED PAPERS BACK AND FORTH.   THIS ALLOWED BOTH PARTIES THE OPPORTUNITIES TO BEGIN THE NEXT LEVEL OF BUSINESS DISCUSSIONS BEFOR MEETING THE FOLLOWING MONTH IN OCTOBER.

AT THE OCTOBER MEETING A TECHNOLOGY LICENSE PRESENTED BY TOM KRYZAK WAS REVIEWED AND AGREEDED TO IN PRINCIPLE AND TO BE FOLLOWED BY REVIEW AND COMMENTS BY EACH FIRMS LAWERS.

ADDITIONALLY A JOINT VENTURE AGREEMENT BY TOM KRYZAK WAS PRESENTED FOR FUTURE REVIEW. COMMENTS WOULD BE DISCUSSED AFTER IT’S TRANSLATION INTO CHINESE.

TOM KYZAK SUBMITTED MASTER CONTRACT SERVICE AGREEMENTS AT THE END OF 2012 PROVIDING THE SCOPE OF WORK EACH COMPANY WOULD CONTRIBUTE TO THE WHOLLY OWNED FOEIGN ENTITY OWNED THROUGH A JOINT VENTURE AGREEMENT.