Scott's Win-Win Simplified Summary

Define Win-Win

Jim/Sandy

Get cash immediately to reduce stress while longer-term structures can be implemented properly (i.e., good product design)
Live at Pleasant Valley until they die
1. Opportunity to continue improving it
Successful Products
Find a legacy sale person, which would be great if it was Scott/Julie/Kids

Help Jim/Sandy achieve their dreams
Sell current company (Northbound Group) to free up more time & Cash
Work on music projects (Linn, GD Project, Music Editor)
Become Legacy Owner of Pleasant Valley for Kids & Family & Setting up a sanctuary for others (humans and animals12)

Phase 1 - Now: Do something now that can help immediately while leaving options open for the future:
1. $75,000 Initial Commitment
  1. $15,000 Initial Advance to help with immediate cash needs
  2. $5,000/month for 12 months to provide higher level of monthly cash
2. Structure as a loan secured by property after the bank and determine if there’s a more optimal structure (ex: Trusts, LLC, etc.)
  1. Scott doesn’t want to “earn money” if we’re eventually the legacy owner
    1. Minimum federal interest rate is required (1.8%) – Well below inflation rate (7% right now).
    2. Interest accrues but not paid
  2. Scott doesn’t want to hold up Jim pursuing a legacy sale if it’s the right thing:
    1. But this helps eliminate the pressure of Jim “having to do something”
    2. If the right partner comes along, then just adjust Scott to “market return on the debt provided”
      1. Ex: $100k in at 6% would be $6k interest/year for 2 years = $112k ($12k cost on $2.5M Legacy sale)
Phase 2 – Medium Term: Discuss Medium Term Plans to be successful with Jim Inventions
1. Example: Leverage Scott contacts for patenting of Tractor Chariot
Phase 3 – Longer Term: See if there is a path for Scott/family to be the legacy partner
1. Options expand if and/or when Northbound Group Sells
2. Have a Northbound Win result in an increased win for Jim/Sandy