After the name of Huadun Life Sciences was proposed, it quickly received unanimous approval from everyone present and was finally selected as the official name of the joint venture company.

At the same time, at the office of the chairman of the new venture capital fund, a reply to the previous share allocation plan was transmitted:

Approved!

With this, the equity dispute of Huadun Life Sciences came to an end, leaving only the final step...

Signing the contract!

Coincidentally, as the secretary-general of the new venture capital fund, Zheng Zu would definitely carry the official seal with him, and Tian Liangwei's official seal was in the office. As for Academician Pan... the "Application" and "Guarantee" documents were brought, and the official seal naturally would not be left behind.

As a natural person, Xu Yun did not need a seal. As long as he signed in person, it would have legal effect, so the conditions for directly signing the contract were met on the spot.

Then, Zheng Zu took out the drafted equity distribution contract, and the three official seals of the New Venture Capital Fund of the University of Science and Technology, the School of Physics, and the School of Life Sciences were placed in order.

The full name of this contract is "Initial Equity Distribution Agreement of Huadun Biotechnology Co., Ltd.," hereinafter referred to as the Agreement.

The agreement stipulates that the New Venture Capital Fund of the University of Science and Technology, the School of Physics, the School of Life Sciences, and natural person Xu Yun have reached a consensus on investment cooperation and operation, and the full name of the operating unit is Huadun Biotechnology Co., Ltd.

Registered capital of 13 million Huaxia coins, fully paid in the first phase.

This round of agreement is a non-financing round, but if a financing round is opened in the future, it will start directly with Round B.

The leading investor in this round is the New Venture Capital Fund of the University of Science and Technology, with a cash injection of 8 million Huaxia coins and additional resources, holding 27% of the shares.

The co-investors are the School of Physics and the School of Life Sciences of the University of Science and Technology, each injecting 2 million in cash and additional resources, holding 10% each, totaling 20%.

Xu Yun invested in the form of funds + technology, injecting 1 million in cash, and the technology is the fifth-generation imidacloprid and its commercial derivatives, holding 38% of the shares.

The employee stock option pool is 15%, used for ESOP—Employee Stock Option Plan, and the distribution target will be determined by the board of directors within the limit set by the stock option pool.

The company adopts a dual equity model, with the legal person and the first CEO both held by Xu Yun. The COO, CTO, and other related positions will be appointed subsequently.

The company account is jointly opened by the four parties, with the nature of a corporate account. Xu Yun has the right to use part of the funds, but the use of funds must be regularly disclosed and held accountable.

Then, Xu Yun took a deep breath and signed his name after the three official seals:

Xu Yun.

Purely from the perspective of the result, this agreement should be considered the most perfect result.

Xu Yun holds 38% of the shares, but due to the use of AB shares, Xu Yun's current voting rights are as high as 89.1%.

Of course.

With the future development of Huadun Life Sciences, this number will definitely decrease further, stabilizing at 68%-73% is a reasonable line.

As for the University of Science and Technology, although the company's internal shares are divided into modules of the fund and the two colleges, these three modules all belong to the system of the University and the colleges.

The shares of the "University System" add up to 47%, and there is no problem no matter how you look at it.

In addition, the four parties also confirmed the number of seats on the board of directors:

Two executive directors of the company, Xu Yun and Tian Liangwei.

In addition, there are five director seats, shared by the fund, the School of Physics, and the School of Life Sciences.

When you're just trying to make great content at bit.ly/3iBfjkV.

Independent directors are not set up for the time being, after all, the company has not yet gone public.

These directors are mainly considered as representatives of the capital side, and unless Xu Yun makes a move to empty the company's funds, they are basically just mascots.

Subsidies, showing up in the financial reports, and so on.

After the agreement was signed, Academician Pan took back the official seal while jokingly saying:

"Director Xu, congratulations. What to eat next, abalone or mixed fish, it's all up to you."

"......"

Xu Yun looked at him speechlessly:

"You'd better call me Little Xu, the term 'Director Xu' makes me nervous..."

Academician Pan patted his shoulder with a smile, then his expression gradually became serious:

"Little Xu, the company is now established, but do you have a specific plan for the next steps?"

Seeing this, Xu Yun's expression also became serious. He pondered for a moment and replied:

"Professor Pan, I actually considered this issue before I came. First is the registration process of the company. The production of bio-pesticides requires review from both the agricultural and commercial departments, which is different from the ordinary..."

Before Xu Yun finished speaking, Zheng Zu interrupted:

"Dr. Xu, leave the issue of the company's business scope to the new venture capital fund. We have special channels, and it should be all settled within two weeks."

"That's even better."

Xu Yun breathed a sigh of relief. The registration of the company was actually the part he was least sure about, and now that the new venture capital fund could help, it undoubtedly lifted a big burden off his shoulders.

He continued:

"In addition to company registration, there are three other things:

First is the establishment of the company's large-scale production to the output end, which needs to consider factors such as site, equipment, and sales channels.

Second is patent approval and paper publication, which involves the uniqueness of our products.

The third is the selection of the company's functional departments. At the very least, we need to get the COO settled first..."

Upon hearing Xu Yun's words, Tian Liangwei couldn't help but glance at Academician Pan:

The whole argument was well-founded, and it showed that his disciple did not become too inflated just because he suddenly owned a company.

This was undoubtedly a good thing.

After a while, Tian Liangwei asked:

"Little Xu, how long until your paper is ready?"

Xu Yun pondered for a moment and gave a time frame:

"Next time for sure!"

"Speak human language."

".....Within two days."

Tian Liangwei rubbed his chin and nodded slightly:

"Okay, after the meeting, I'll go find someone and send the journal's invitation letter first. The school has a dedicated team for patent applications, so there shouldn't be a problem. But as for the site and equipment...

Little Xu, you probably have to take care of that yourself. The school can at most provide you with some connections, you need to have a plan for that."As a provincial capital in the inland, there are not many areas suitable for long-term factory buildings.

Some cutting-edge modern industrial factories are basically concentrated in the high-tech industrial development zone, which is the original Luzhou Industrial Park.

For example, the National Quantum Laboratory, which Academician Pan is in charge of, has a total investment of 100 billion in the five-year national plan, with an initial investment of 7 billion, and is located in the high-tech zone.

So the factory site of Huadun Life Sciences will definitely be selected in that area.

However, regardless of the designated area, the specific site, price, and lease term all need to be negotiated by Xu Yun himself.

This can also be considered as a test given by Tian Liangwei and Academician Pan - Xu Yun is the executive director of the company, how can everything be left to the school?

As the saying goes.

Only silver-plated gun heads can be cultivated in the greenhouse, and durable small cannons can only be born in actual combat.

As one of the executive directors who holds the company's decision-making power, Tian Liangwei would rather have Xu Yun spend more money on the establishment of the offline module, than to be hung up and beaten after the product is launched.

At the same time, Academician Pan suddenly thought of something:

"By the way, Xiaoxu, if you want to build a management team, I have a few candidates that I can recommend."

......

Note:

Yesterday someone asked where the basis for the company's closure was, and it was inexplicably contentious. Originally, I thought that there wouldn't be such strange people after the shelves, so I didn't attach a link. Now I realize that I was careless...

Some people have really amazing thinking patterns, listing the names of more than a dozen founders and the names of companies, and then using this to question the authenticity of the data. So, are there only thirty-something companies worldwide that have been established over the past few decades?

Currently, there are more than 20 million various enterprises in the hometown, with an average lifespan of 2.97 years. Not to mention on a global scale, how many of them have closed down?

There are ten thousand in the numerator and one billion in the denominator. Clearly, it is the result of one in ten thousand, but it ignores the fact that the denominator is used to attack the numerator. I think this kind of illogical reasoning should not be used to argue...

Guzman, J., & Stern, S. (2015). Science, 347(6222), 606-609, the data you wanted, feel free to go and check it out.

This person reminds me of another amazing person in the previous book, who asked me for a paper and then said he couldn't understand English...