| Trustees handle many of the financial decisions pertaining to the cash flow and ensure proper auditing and reporting is performed by a certified public accountant.
Bonds are distributed from Master Bond Agent to Directors and Officers, underwriters and placement agents, and to some Bond Holders directly.
Documents: (i) Private Placement Memorandum or Prospectus
(ii) Irrevocable Master Patent Securitization Debt and Profit Resolution
A private placement memorandum describing a Marx Bond is available on http://www.patent732.com and an Irrevocable Master Patent Securitization Debt and Profit Resolution is also available on the Patent 732 web site.
7 Cash Flow Steps
Issuance of Bonds and Receiving of Bond Proceeds.
The Bonds are issued and assigned to Master Bond Agent who distributes and sells the Bonds and negotiates or approves the Bond Terms per each Bond Purchase Agreement. Bond Proceeds are received in an approved bank account.
Step 1: Bond proceeds are distributed from the Master Bond Agent to the Trustees.
Step 2: Bond Proceeds are transferred to Patent Owners' various bank funds to pay for patent revenue producing activities such as the Patent Litigation Fund, the Business Development Fund, the Public Relations and Branding Fund, and enough funds to pay interest is deposited into the Bond Debt Service Fund.
Step 3: Activities involving Patent Litigation, Business Development, and Public Relations are paid. With Bond Holders participation, equity investments can be made into Patent Licensee businesses from the Business Development Fund.
Step 4: Licenses and settlement agreements are initiated with Patent Licensees and Infringers.
Step 5: Patent revenue and returns on equity investments are paid to Patent Owners' Patent Revenue Fund, which is held by the Trustees.
Step 6: Patent Owners and Trustees transfers Patent License Revenue to the Bond Debt Service fund.
Step 7: Bonds are redeemed for full Face Value when enough Patent Revenue is generated to Call the heavily discounted Bonds that have Call features to benefit Bond Holders. |