America's Road to Fame

Chapter 48 Signing an Agreement
The latter two rights requested by William Chen are mainly used to prevent the subprime mortgage crisis, if the Kushnar Group's financial situation is difficult to support, it will deliberately find related companies to maliciously raise the stock price when selling shares.

Because the premise of William Chen's right of first refusal is that the price is the same, if the Kushnar Group does not want to sell the shares to William Chen, it can even find a third-party company to raise the price maliciously.

Don't say that no one is willing to help them buy Kushnar Group's shares at a high price, because Kushnar is involved in many fields, and they can compensate each other in other places.

If this happens, William Chen can even sell his own shares at this price when the other party offers a high price.In this case, it is equivalent to the Kushnar Group finding someone to take over William Chen's shares in Building 666 at a high price.

Therefore, having this right can deter the other party, preventing them from playing tricks on the price when they sell the stock.

"That is to say, if we can reach an agreement on these issues, will you agree to follow my new plan? William, you know, it is not easy to get the approval of the Kushnar Group board of directors for these requests. I need It's a lot of work, so I hope you can give me a definite answer." After hearing William Chen's request, Garrett nodded and asked.

"Of course, I don't have that much time to joke with you, and I'm communicating with you very seriously. You have to know Garrad, it's not easy for me to make the decision to sell the controlling stake in the building, so I have to make sure that I own interests."

Chen William also showed a sincere communication: "I am not ignorant of the tricks that major shareholders can play, so if you have that kind of other thoughts, you'd better let it go and find another place to serve as your Kushnar Group With the pedal to enter the New York market, I can buy back the shares in the building held in your hands."

"There is no need to talk about this point, and I won't think about it, William. Okay, I have written down your thoughts, and I will convince the Kushnar Group board of directors as soon as possible, and use the fastest speed so that we can reach Unanimous opinion, I am looking forward to the day when we can work together." Garrett straightened his clothes, walked in front of William Chen, shook hands with him, and left.

Watching his leaving figure until the office door was closed, William Chen showed a meaningful smile.According to the information from the Eye of the Future, the subprime mortgage crisis will erupt at the end of September, and it will be a month away from now. Therefore, if Chen William wants to enter the Kushnar Group, he must hurry up.

But before that, William Chen must first obtain Uncle Tom's approval.Because of his shareholding in Building 666 Asset Management Company, as well as the daily management of the company, he is involved.Therefore, once an agreement is reached, William Chen's shareholding ratio will change, and it will be impossible to hide it from him.

And if there is anyone in this world who Chen William trusts the most, then it is only Uncle Tom who has been with him and supported him.Therefore, it is impossible for him to carry out his own plan without telling him.

According to Chen William's initial expectation, it may take some effort to convince Uncle Tom and encounter many difficulties.But he didn't expect that when he really told the other party these things, it went smoothly unexpectedly.

At the same time, Uncle Tom's reaction to this incident was beyond William Chen's expectations.After hearing William Chen's plan, he said very calmly:
"Just do what you want, William, and don't worry too much about my ideas. In fact, at the beginning, the reason why I emphasized so much - I hope you can keep the building your parents left you. The main reason is because of you What you have done before makes me worry that you will lose all your property in the future and live on the streets. With such a tragic result, that is not something I don't want to see. With the existence of the building, at least you can maintain a good life Life."

"But through my observation during this period, I am very happy to find that you have undergone earth-shaking changes. These changes of yours make me very relieved, and I also realize that my William has slowly matured. Eagles should not always To be bound, to try, to soar. So do what you think is right, anyway. William, I will support you."

From Uncle Tom's words, William Chen could imagine how disappointed Tom was by the things his predecessor did.And until now, he is still supporting himself without reservation.

Chen William held back the emotion in his heart, gave Uncle Tom a hug, and said to him: "Thank you, Uncle Tom, don't worry, I will definitely not let you down."

……

In fact, compared to William Chen, it seemed Garrett was more eager to push this matter forward.On the second day alone, he brought the Kushnar Group team to Chen William to negotiate the final agreement with him.

Naturally, William Chen also joined forces, leading Tom, Nelson's team, and Alicia to conduct item-by-item negotiations with the other party.

After going back and forth for a whole day and arguing one by one, the main content of the final agreement is:
Within three working days after the signing of the agreement, the Kushnar Group's 10 billion US dollars of funds must enter the account of the No. 666 Building Asset Management Company (hereinafter referred to as the company).On the day when the 10 billion funds arrived, Kushnar Group used these funds to become a shareholder, holding 60% of the company's shares, and William Chen's shareholding became 40%.

Kushnar集团承诺为公司提供20亿美元的无息一年期可转股借债用于666号大厦的改造项目，其中10亿美元必须在15个自然日之内到达666号大厦资产管理公司账户中。

Prior to this, the 60% shares held by the Kushnar Group could only have 40% of the voting rights, which was equivalent to William Chen's voting rights.

Another 10 billion US dollars of funds must arrive in the company's account within 5 months. If the funds cannot be allocated on time, William Chen has the right to repurchase the company's shares held by the Kushnar Group up to 60% at market prices.

All renovation project funds must not be misappropriated, otherwise the other party has the right to forcibly take back the company's shares in the other party's hands at the market price.

After one year, Kushnar has the option to convert the outstanding portion of the company's $20 billion in debt into company stock at a company valuation of $30 billion.And William Chen can contribute to repay no more than 40% of the outstanding debts, and convert them into company shares at the same valuation.

As the main shareholder of the company, William Chen has three privileges: the right of first refusal, the right of first sale, and the right of follow-up sale; at the same time, the Kushnar Group also has the right of first refusal to the company's shares held by William Chen.

In this way, William Chen’s main requirements have basically been met, and in exchange, the Kushnar Group has also obtained the right of first refusal for the shares of the No. Among the asset management companies of Building 666, he serves as a member of the board of directors, supervising the company's finances and daily operations.

After the agreement was approved by both parties, the lawyers of both parties reconfirmed the terms of the contract, and then William Chen and Garrett signed the agreement.Within three working days, within the time limit stipulated in the agreement, after the Kushnar Group's 10 billion US dollars arrives in the company's account, the agreement will be implemented, and the Kushnar Group will become the new owner of Building 666.

After finishing this matter, William Chen finally breathed a sigh of relief. He sent Tom and Alicia downstairs to the building. After Uncle Tom drove away, he glanced at Alicia beside him and said: " Ms. Alicia, it looks like you don't look very good, have you not had a rest recently?"

"Thank you for your concern, William, I'm fine, it's just that there are a lot of things recently and I'm a little busy."

Alicia is still dressed in a more formal style today, with an extraordinary temperament as always, but a bit of fatigue can be seen on her face at this time, and William Chen can't help but ask.

"No matter how busy you are at work, you should pay more attention to rest." Chen Weilian naturally didn't want to say too much. After a word of concern, he said goodbye to her and went back upstairs.

……

After settling Garrett's affairs, William Chen also planned to go on a trip for a few days to relax.But before leaving New York, there are still a few things to make arrangements.

Meta Investment Company, Nelson's equity investment department, is already in contact with target companies, and will select the first investment target based on their responses.According to Nielsen's judgment, Netflix has the most positive attitude, so it is likely to start negotiations with them first.

As for John Paulson's securities investment department, Fund No. 1 is progressing smoothly. At present, more than 5% of the US$60 million in funds have been invested, and it is expected that the position will be completed within the next five days.

John Paulson’s operation at this time was very bold, because Chen William promised that the speed of building positions could be accelerated, and if repeated situations occurred later, he could also allocate part of his remaining funds to join the No. 1 Fund.

Because William Chen himself knew the approximate time when the subprime mortgage crisis broke out, which was at the end of September.But at this point in time, he will definitely not disclose it to John Paulson. In order to avoid his emotions of worrying about gains and losses due to the failure of the previous fund, he said that he will give him a backstop and let him be bolder.

And Chen William used the US$16 billion to be bullish on gold, because the current international gold price has only rebounded slightly and continues to consolidate around US$750 per ounce, so the floating profit is about US$3 million, and the total asset value is about US$19 billion.

As for Future Films, William Chen has already found a senior producer from Hollywood, and he has cooperated with his company before, so he is quite reliable.

Now, together with Andy Haring, we have begun to screen the shooting locations and form the crew.And they also decided that they will cooperate with ICM International Innovation Company, and the other party will package and provide the actors and crew technicians they need.

"William, are you still in the company?"

When William Chen arranged everything properly and decided to keep Erica here, she would handle general affairs before reporting to him, and contact him directly for important matters, then he received a call from Ivanta.

"Yes, I just finished my work and was about to leave." William Chen was a little strange. Usually, at this time, Ivanta would at most send himself a short message, but rarely called directly.

"I heard that you are going to give up the controlling stake in Building 666 to Garrett?"

One word from Ivanta made William Chen understand the reason for her call.

(End of this chapter)