Walter Parsons World Maritime Kronus Info

8/19/2019 Walter Parsons World Maritime Kronus Info

1/10

Knohrus

Gnoup{_,LC

International

Busin

ess

Consultin

g

Aventura,

July

1lth,

2011

lValter Parsons

Managing

Principal

Lighthouse

Capital

Developmen

t LLC

159

Hampton

Point

Drive,

Suite 2

St

Augustine,FL

32A92

Re

-

Bridge

Loan

Request

Dear

Walter,

Thank

you

for

your

time

and

your

support

in

our efforts

to obtain

bridge

funding

for

the

projects we

are

involved

in currently

and

which

are close to

compietion

as

you

ftto*.

Let

me

start

with a

short

summary

about

our

company

and

our

plans

and

needs going

forward:

Kronus

Group,

an

International

Consulting

Firm

founded

in2005,is

specialized

in Business

Brokerage

and

Consulting

as

well

as Product

Development

in

the

Financial

Industry

for

its

Intemational

client

base

consisting

of

Institutional

Inrrestors,

Banks,

Financial

Inst-itutions,

Real

Estate

Funds,

Insurance

Companies,

Hospitality

Groups

and

High-Net-Worth

lndividuals.

Since inception

we have

successfully

closed

multiple

transactions

yielding

in

creation

of

companies

or

helping

businesses

to

expand

with

revenues

norlh

of $25bmh.

As

you

know

we

have

been

changing

the

course

of

our company

due

to

the ftrancial

crisis

and the

lack

of funding

worldwide,

thereby,

focusing

on

projects

where

we

are

heavily

involved

from

the

beginning

and

with

which

we can identify

ourJelves.

'We

have

successfuily

passed

due

diligence

and

funding

requirements

of

a

financialstructure

which

will

provide

funding

to

3

projects

located

in the

US,

Europe

and

the

Caribbean

Region'

A

Proof

of

Funds

Letter

for one

of

the three

projects

is

expLcted

shortly

which

is

further

evidence

of

the

funding to

take

place

very

soon.

Funding

is

expected

to

be ieceived

in

August

latest

September

of

201

i.

Needless

to

say

that

every

project

in

a set up phase

bef,ore

funding

experiences

a

multitude

of

expenses

to prepare

the

company

for

funding

and

start of

operations.

21026

NE

32nd

Avenue

Aventurao

FI

33180

Tel:

+1

(305)

335.-2732

Fax:

+I

{305)

466

-

8526

E-mail:

I

homas@kron

usgroup.qgm


2/10

Knon-us

Gnoup LLC

International

Businqss

Consulting

Being

involved

in

3

different

projects

these

expenses are

iining

up

to a

point

where

we

need

to

obtain

bridge

funding

in

order

to

properly

prepare

these companies

for

the closing

day

and

the

stafi

of

business.

We

are

vested

in

these

expenses

and

projects

ourselves

for

over

1

year

with "blood,

sweat

and

equity",

however,

in

order to

complete

these final weeks

of

preparations

we

are

looking

to

obtain

a

bridge

ioan

of

a maximum

amount

of

$750,000

total.

The

biggest

expense

items

going

towards closing are:

Legal

Counsel:

Various

attorneys

need

to

be engaged

as

the

companies are operating

in different

jurisdiction

and industries,

Tax

Attomeys:

Given the

different locations

tax

attorneys are

required to

set

up the

proper

capital structures

to compliment

the

project,

its

owners

and creditors.

Engineering:

In order

to

build

respective plants

for

the

projects

engineering

companies

(have

been) and

need

to

be engaged

ahead of

time to ensure

a smooth start of the

construction

phase.

Working

Capitai

& Travel:

Man

power

is

being

ramped

up

in

all

projects

increasing the monthly

bum rate

significantly

and travel

expenses

are

becoming

a

factor

due

to

3

different

locations.

Walter,

we are

asking

for

your

support to

obtain a bridge loan

in

the

amount

of

$750,000

in

order

to

cover

all

mentioned

costs

above

for

successful

completion

and

preparation

of

these

projects.

We

are

prepared

to

enter

in

a

6

month

term and

pay

20%

Interest

for the

term

(40%

annualized,

different

lenders

are acceptable).

Please

be so

kind

and

revert

back to

us as

soon

as

possible

with

interested

parties

and we will

prepare

a

promissory

note

accordingly.

Thank

you

very

much

for

your

support.

Respectfully,

Thomas

Nowak

Managing

Director

21026 N'E

32nd Avedue

Avenfura,

Fl

33I80

Tel;

+1

(305)

335-2132

Fax:

+1

G05)

466

-

8526

E-mail:

thomas@kronusgroun,com


3/10

Opportunity:

WM

has

indentified

a

livestock shipping

vessel

with

a

cargo capacity of

5,200

tofls and a length

of

372

feei'

The purchase

price

including

allexpenses

to

take over

ownership

of

this vesselis

about

*S3.smln.

The insured

value

of

the

vessel

is

55,200,000.

The

vessel

is

not

currently

on the

market

to

the

general

public.

Furthermore,

wM

is

in

contact

with

a Brazilian

company

which

is

currently

shipping

live

stock

fronr

South

America

and/or

the

US to

Turkey,

This

Brazilian

company

holds

a

significant

portion

of

the

rnarket

share

of

the livestock

trade

worldwide.

The

vessel

will

hold

3,o00

head

of

livestock,

This vessel

has

been

inspected

by

the

prospective

charterers

and they have

determined

that

this vessel

is

suitable

for their

use

and

is therefore

interested

to

take this

vessel

under

a

i.2

month

contract

with

possible

roll

over

and extensions.

The

contract

will be

either

between

Montevideo,

Uruguay

and Turkey

or

virginia,

US

and Turkey.

The

contract

frorn

Uruguay

is

six shiprnents

per

year

at

52,000,000

per

shipment

and

each

shipment

takes approximately

49

days.

The

cost

per

shipment

to the

shipping

company

is

approximate,y

$500,000.

This

S50Oo00

includes

alloperational

costs, including

fuel,

port

fees,

crew,

animalfeed,

etc.

The

contract

from

the

US is

$2,000,00o

per

shiprnent and there

would

be

7

shipments

per

year

and the

average

shipment

takes

42

days.

Again

the

cost

associated

is

approximately

$SOo,OO0

per

shipment.

The ship

purchase

is entirely

dependent

on

the

execution

of

the contract

with

the charterer,

though

both

are

to

be

pursued

simultaneously.

We need

to

have

a

soft cornmitment

of funds

to

be able

to

engage

both

the

owners

ofthe

ship

for

purchase

and

the chartererfor

confiact.

we

are

looking

at

s12,000,000 t0

sx4000,000

in first

year

contract

value.

A

short term

bridge

loan

with

following

terms is therefore

reguested;

Total

of Loan

Term

of

Loan

lnterest

Rate

Equity

Participation

$:,s

nniltion

6

to

9

Months

UptoZSYo

Available

based

on interest

rate

Lighthouse

Ca

pital

Development

Walter

Parsons

407-319-8880


4/10

Page

I

of

I

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6/7

/2011


5/10

Page

1

of

1

Knoivus

Gnor;p

f,LC

Intern*fionnl

E usiness

Clonsullin

g

Surnmary

live

Stoek €arrier

Conyer$ion

Tl}e

subiect,

unencumbererl

vessel is

currently

a

"Ganeral

Cargo

and

Bufk"

carrier

ivitlr

a lengtlr

of 78

meters

and

o

transporrt

capa€i{y

of abost

?,2?O

tonr.

lllrrh[le ft

has

been

trading

itr tfte

taribbeam

Region

and

Us

lEast

Ca€st

are*

trsfispsrting

varioui

goods

bet;een

the

irlands

a

"best

uie"

of

tlte

vessel

has heen

deternrined

to convert

the

vesiel

into

a

,livestock,

carrier

as

this

part

of

the

industry

experiences

a

s€riofts

shortage

of carrierr

and

therefore

higler

yields

cafl

be

obtained.

in

order

to

successfi,rlly

integrate

the

vesset

i*to

the

live

rtock

rnarket

the

company

seeks

to

obtein

a bridge

loan

in

th e

amctnt

of

$ffio,fl0o

un

eler

a

fully collaleratiied

lendin

g

ccenario. The

bearer

shares

which

will

be

pleclged

against

a loan can

be

transferred

t+

any entity/irustee

or

Fledgeh+lder

as

iostr*cted

by

the

lurder,

and shall

be returned

to tfte

borrower

upon

nepsynrent

ofthe

netelloan,

on or

b*forethe

maturity

date.

Tfte

versel

was

placed

in

e

neu'

cornpany

-

lsc

Maritime

corpcration

-

ai

a *ingle

fineEeumbered

asset

and

the

uesseil

wrt'll

be converted

ints

a live

rtock carr"ier

hased an

int€rnatisnal

standards

reqn

ired

for

{ivp

stock

trcfisp$rtation

sver

the corurre

cf

tft

e

n ext

6s

-

70

days'

The

vesref

Ll,iH

be

oper'ating

unrler

ali

standard lnternetional

&deritime

lar.vs,

oheying

a[

sefety

aEd

SeruritY

c€rtificaticnt,

The ship

operator

is sble

to

{ocste

and

ffiionitcr

the

vesrel

at

+$y

tim+

Ar

e

rhip

op€rator

Word.lMaritirn€

d:orForatiofl

har been

engaged.

World

Maritiffie

csrporation

{tuVM}'

a

Felaware

reglrtered

cornpany

witft

offices in

ft]Tiarnf,

has beelr

ertahlirhed

by

a

group

of

'entrePrene{ri

with

a

proven

track record

in

their industrier

in

orderto

beconre

the

le*ding

ship

operator

for

small

scaled

cargo

v*sels

wa,nldlvide,

fte

verr+|,

once

converted,

wlll

lre

ablle

to

trunspsrt about

L,0O0

headr

af liue

stoc{+

cargo with

"EOkg

each.

The

vesrel

will trade

itr th'e

Mediterrafieal

5ea between

co$rtries

such

as Franc€,

Turkey,

Slqvefl

ia aind

otherl

an

d

wiil b'e

afule to

perforrn

?

-

3 voyflg€s per

m

onth

depending

on

tfi

e distanc€s

hetween

oru

& GFF

loadirg

portr.

o$e

the tact

th at tille

versel

is able

to

perform

Z-

3 voyages

pen

montft

even a

rignificant

in crease

in ftrel

prices

wifl

on

ly

have

ruin or

im

pacl

on

the

overall

profit

rrargin.

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6/10

Page

I

of

1

Knoruus

Gnoup

LLC

Interns

fionnl

ts

usiness

Consultin

g

Tfte

ship

operator

(woddMaritirneJ

Is

in

coiltact

ruith

4-5

different

ilrtererted

cfiarter

somparies

witich

havp

atpressed

their

interest

to

charter

the

vessel

on

a

12

rnonth

contract

with

posrihle

rolflovers

and

extensions,

Therefore,

tfte

ship

operutcr

will

have

the

opportunity

to

droose

the

ncst

beneficial

chaderer

conttact

for

the

ves:el,

All

fllrrent

charter

c{ients

have

been

in

thi:

burinesr

for

gen

erations

and

are

well

known

entities

in

their

in

dustry.

The

ship

operatsr

rvfrll

frave

al{

necessary

iftsuranees

in place

sucft

as

5u[

not

limited

to;

'ull

&

ftt'gine,

total

ls:s

and/or

darnage

of

tfuevessei,

E & o

and

against

lors

of

any

live

rtack,

tfterefs,re

the

operatian

ie

protectecl

agalnfi

any

sert

of

iftterruptiofi

of

tke

operatians

sf the

vessel.

ln

ge*eral

the

slrip

operator

is recpottsihle

to

pravide

wgter

and

ad*quate

tranrport

conditionE,,

tilrougltout

the

voyage,

Feed

and

healtlr

rssues

are

rnarraged

by

the

seller

sf

the

cattle

wftere

typicatrly

a vet*dnBrinfi

is

sn

bsard

rnonitordng

the

healtir

of

the

five

stork.

{n

case

that

any livestock shqutd

die

of

detrydratdstl

or

inedequate

trarrFsrt

conditions

the

rhrp

operats,r

woufld

he

fiable

but

tften

th€

hluralrce

would

provide

adequ

aie

coverage.

once

the

live

stsck

is

loadecl

at

the

oil{

loading port

afid

ttre

port

agent

and

vessel

master

receive

all nec*

5ary

doctrnentation

{bill

of

lading

etn}

the

cfia.rterer

wig

initiate paym

ent

in

f'lf

fuosed

on

the

underfying

cofitr*f,t

to

th,e

accs$nt

ofthe rhlp

owner.

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its

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i#-rc.-oraing

oi

thc

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ruld

addrcss

of

thc

prlr:c

or

any propoltcd

Asslgncc

-rn-th,:

bolrs

tn*l

rccords

or

rr:e

l\'raricr. aid

anv

.irt*r

"*qrit

n"ii"i

n"".-r*n,r

ro,

cnnrplitnci.

l.

.tny

11.rcnrprctr.

assignrncnt

h-y

raw or

[ry

agrccmcnr

.,itrar

bc

*f

no tb*c

md

cffcct.

nnti

nct

pnrtl

{i.c.'uo

Asrigrlei*otf*r

lhan

rhe

Pnr.ee

*l:LrJ[

hc

cntjtl*d

to

rpr'rivr

Fa.lnrcnt

under

this

Nc.to.

unless

and

until

nll

tle

l-or.tjlc.ing

conditiols

hile becn

cotnplied

*ith

TI'IE

llIAKIin

lras

cxor..utnI

this

Nsts

il6

q]t

rh6dil],

urrr]

1.n*

lirsr

irb*vr:

l+riuclr.

fI,IAHER

Walter

Parsnn,s.

President.

an

brh*lf

cf

Parsons

Financial

Sen'ices.

tnc.

f

.alrl,tf

LS,g{},q

f

.Y

r}7?

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6/7t2011


9/10

Page

1

of

I

Opportunitv

parsont

Financial

is

reeking

a bridge

loan

o*

behatf

of itE

clie+rt,

Global

Bridge

and

seed

Corp.. who

has

been

apprcved

for

a

$la,oco,ooo

loan

and

is reeking

a

short

term

loan

i*

.o"*,

legal

feer

and trx

consulting

fees

due

pri'r

to

the

anticipated

roan

funding

date

of Marcjr

21,

zsll,

Basie

CornpanV

lnformation

Glrrbai

Brrdge;'nd

seed

corpr,

{Gs&s)

is

located

in

st,

Augustine,

Florida,

GB&s

pror;ides

funding

in

tl-le

fonnt

of

bridg*

lr-r*ns

arrci

seed

loanE.

In r*turn

far

our

fun,Cing,

i,se

receive

a

l.rery

aggressiue

refilrn

;s

well

as

equity n

sorne

of the

projects,

6B'95

prg'rrides

bridge

atrd

seed foans

to

co*rpanies

with

inncirative

techqologies

si rl

unique

ideas'

Comp&nies

ws prouide

funding

to will

be

focused

ori

0arge

rll

arl;et opportunities

that

€ttrafit'r''enld

class

ieams

and

generate

canrpelling

R.sIs,

Fronr

5tart-ups

ta

well

estabfished

cornpanies

tlret

are

in need

oiadditional

capitel

to

fund.a

sr.rbsidiary,

GB&S

can provirle

the

sof

Lrti'0n.

Loan

Desired

parsons

F{naficldl

is

rEefting

a

hridge

ioan

sn helralf

nt

ltr

ciierlt"

Glah*l

Bridge

and

$eed

corp.

between

$ro0.0oo

a'nel

$l5o,ooo

forthe g,eriod

cf

six

iltonths,

The

intere1t

r't,e

+ffered

is

trd

fl*t

returr+. Tfte

lsan

wi{l

fue

repaid

at the

tiille of

closing

the

{san

ftonr

icAF

vefitures,

I,LE

ilee

attached

toan

conrmitment).

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collateralized

by a Fersonal

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wafterprrrons.

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Term

R eturn

5

ecfirity

I

erms

up

to

$15S,000

9 Montfts

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Flat

Returr

on

Lsail,Amount

Loan

Cornmitment

and Perscnsl

G{arantee

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10/10

Documents

Walter Parsons World Maritime Kronus Info