Biden – you are compromised

Sugarpup

According to the loan agreement made on 10 July 2017 by and among Mr. Xiangsheng Li (the lender) and Mr. Robert Hunter Biden, Mr. Eric D. Schwerin and and Skancateles, LLC (a limited liability company registered under the laws of the District of Columbia, USA) (the borrowers), Hunter Biden has committed RMB 3 million in return for 10% of equity interest in Bohai Harvest RST on 16 Dec 2013.

The first clause of the loan agreement states as below:

Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd is a company established in the People’s Republic of China (registration number 310000400727130) with a registered capital of RMB30,000,000 (“BHR”) on December 16, 2013 (“Registration Date”), of which Skaneateles subscribed to RMB3,000,000 (“Committed Capital”) in return for 10% of equity interest in BHR (the “Equity Interest”)

As of the date hereof, Skaneateles has paid RMB1,987,104 of its Committed Capital, with RMB1,012,896 committed but which remains unpaid (the “Unpaid Capital”);

Skancateles is a company owned by Hunter Biden and his mate Eric Schwerin.

According to Bloomberg.com, Bohai Harvest RST (BHR) operates as a private equity company. The Company runs cross border merging, cross border acquisitions, investment transactions, and other businesses. It is founded on 16 December 2013.

According to BHR’s own website, BHR was named as one of China’s top 10 Mergers & Acquisitions Fund of 2017. It was also ranked as Top 50 Chinese Private Equity Investment Firm (No.17) and CEO Jonathan Li was ranked by his peers as on of China’s “Top 10 M&A Investors of 2016” on China Venture Hurun rankings – a veritable who is who of China’s private equity investors.

Let’s then look at who is Jonathan Li, Xiangsheng. According to BHR, Mr. Li served as Managing Director at Macquarie Investment Advisory (Beijing), before he became the CEO of BHR. He was educated as a lawyer in University of Nanjing and University of London. The question is why Jonathan, as the CEO of BHR, lent money to Hunter Biden and his mate and their company Skancateles to purchase 10% equity interest of his own company BHR?

The interest rate defined in the loan is 6.5% which is significantly lower than other personal loan interest and much lower than any other equity investment return. But Mr Jonathan Li, the top 10 M&A investors of 2016, did not worry about the return of his own investment. Is this interesting?

More interestingly, the clause 8, states as

Set-off: the Lender shall be entitled, and the Borrowers hereby irrevocably authorizes the Lender, to set off, from time to time, any and all dividends and distributions payable to Skaneateles from BHR (collectively the “Distributions”) against the repayment of the Loan, regardless of place or currency of the Distribution. If a Distribution is in a currency other than United States Dollars, the Lender may convert the Distribution at a market rate of exchange in its usual course of business for the purpose of the set-off.

For any commercial loans, a lender will charge a borrower a early repayment penalty if a loan is repaid earlier than its due date. But this loan agreement is the opposite. The lender is entitled to force the borrower to repay early by using the dividends paid from BHR to Skaneateles to offset the loan balance.

Let’s have a good read at clause 11, Event of Default and Remedies: any one of the following occurrences shall constitute an “Event of Default” under this Agreement:

d) Skaneateles ceases to be wholly-owned and controlled by Mr. Biden and /or Mr Schwerin

All these sophsciated financial arrangements were set to achieve one goal – to compromise Hunter Biden. It started as letting his company Skancateles to acquire 10% of BHR in 2013. Mr Hunter Biden was not that rich in 2013, so he only paid 70% of committed capital. But it did not really matter, the CEO of BHR provided Hunter Biden the loan personally to ensure Mr Biden got 10% of equity interest in BHR. Furthermore, Mr Biden did not even need to repay the loan, since the loan would be offset by the dividend paid out as a result of holding 10% of BHR.

The great Biden compromise – Joe Biden is compromised by his son Hunter! Joe Biden should be disqualified immediately from presidency.  

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灭共52165 新中国联邦

ccp must go to hell

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Agnon
1 month ago

yes you are sir

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