The deposit is as much as US$150,000, and the penalty is double this amount, with liability determined based on the breach of contract clauses of each party.

For example, Han Chudong simply doesn’t want to buy the product anymore and is unwilling to pay the remaining balance.

That means you have to pay a total of US$300,000, including the deposit.

But if it was a problem with Ron and Sersi, such as not wanting to sell the company, not truthfully informing the company details, taking away the company employees, etc., Han Chudong would have the right to give up the transaction and receive compensation double the deposit.

Three hundred thousand US dollars is by no means a small sum.

The binding force is relatively strong. Since both the buyer and the seller are relatively sincere and there is a large amount of liquidated damages as a deterrent, both parties can feel more at ease.

In addition, Ron and Sersi also signed a non-compete agreement.

The contract stipulates that starting from the day after the final payment is made, if they change jobs, they will not be allowed to join the same type of company within two years, including starting a business or acting as a consultant.

Han Chudong was worried that they had other finished products in R&D and would set him up with a trick. After selling the company, he would immediately start a new business. In this case, the non-compete agreement would be very useful.

These two people are not very old.

During the negotiations, it was discussed that I would continue to work in the laboratory and change my status from a shareholder to an employee, with an annual salary of US$12,000 before tax, plus performance appraisal bonuses and insurance.

Considering their previous income, it’s a little low now, but don’t forget that once they get the money, they can invest it. Even if they deposit it in a bank, the annualized rate of return of about 10% is enough to live a good life in San Francisco.

Han Chudong felt that the two of them wouldn't be able to do it for long.

From being a boss to being an employee, you have plenty of money to spend, so it is more likely that you will quit your job to enjoy your life.

Not everyone is like him, who is still not satisfied after earning tens of millions of dollars. Others cannot see through the future, and will not rush for the title of "super rich" as soon as they start a business.

Han Chudong is different from normal people because he has great ambitions and is confident. His advantages are so obvious that he always feels that he would be letting himself down if he doesn't try his best.

Anyway, I have no plans to fire them for the time being, which will be helpful in uniting the R&D members. After signing the contract memorandum and writing checks to Ron and Sersi respectively, I feel a lot more relaxed.

At the beginning of the year, many things were waiting for Han Chudong to deal with, and he finally solved another major issue.

In order to sign the contract, he didn't even attend the opening ceremonies of Baofeng Electric's ninth and tenth stores today, which are located in East Los Angeles and Hollywood respectively.

The next expansion plan will follow closely, and we will strive to open two to three new stores every month. After accumulating strength, we will consider accelerating depending on the situation. A complete chain model is being formed, which will be easier to replicate.

…

Mr. Clifton Netter is still here.

After signing the contract memorandum, he first received half of the commission, a total of more than 13,000 US dollars.

It's not that there is no cost at all. The round-trip airfare, the relationships needed to search for information, and the manpower are all considered expenses.

Whenever he saw the two founders, Clifton Nett couldn't help looking at them as if they were fools, mainly because neither Ron nor Sersi considered tax avoidance.

It has been clearly introduced that it can be paid in installments, and they can be given a sum of money every month, so that they can think of ways to pay less tax.

It would benefit both parties, but the proposal was rejected by both of them.

It seems that they are planning to pay a tax rate of more than 30%, and it may be even higher if they are not handled properly. What can Mr. Nate say about this? He can only look at the two of them in this way. They deserve to lose tens of thousands of dollars.

Accountant Wang was handing over the account books and invoices to the original accountant. Nozomi Mochizuki went to help him deal with it, collecting the documents and putting them into a brown paper bag in case they might be needed someday in the future.

All the employees returned to work. There were more than ten people in total. Half of them had master's degrees in chemistry, and the rest graduated from prestigious universities.

Han Chudong and others were busy from noon to evening. These researchers had nothing to do and wasted a whole day just to sign a new employment agreement.

A little after five in the afternoon, some employees were preparing to pack up and go home.

I go to work at nine in the morning and get off work at five in the evening. I set aside half an hour for lunch and break. Including lunch time, I work forty hours a week.

When dealing with these people, don't expect high efficiency, as long as the products they develop are good enough.

There was a short meeting before leaving get off work. Han Chudong sat on the table and told them:

"I have a few things to inform you. Now you can go home after work. You will start working officially tomorrow. Help me develop some new products. I will tell you the details tomorrow morning.

The name of this lab will be changed and merged into my original Mason Lab. You will be in the beauty R&D department. There is also a toy R&D department and a battery R&D department. There are three departments in total. I will organize a gathering for you in the future. Ron will still be the director of this department. I will select a deputy director according to the progress of the project, and the annual salary will increase by at least 3,000 US dollars. "

It was really short, and it was a bit unreasonable to delay the end of get off work just after the acquisition. After introducing these things, he asked everyone present to go home and rest.

Han Chudong also took a break and found a restaurant to invite Accountant Wang, Kyoko Mochizuki, Mr. Nate and others to have a meal. In addition, there were two newly recruited executives who would be responsible for the management and sales of Rainbow Beauty Company, as well as contact with the laboratory, taking over the original business and bringing it over to let all parties get familiar with it first.

In the future, the production plant will be located in Los Angeles, and Rainbow Beauty’s headquarters will also be in Los Angeles. The parent company will be a shell company registered in Puerto Rico, and the shell company will be renamed Mason United Group.

It exists to avoid taxes. Last year, it helped Han Chudong save nearly one million U.S. dollars. Currently, major companies are flocking to that U.S. Commonwealth, knowing that opening a company in Puerto Rico can save money.

Some small and poor countries make money by attracting these companies to settle in and keep corporate tax rates extremely low.

Everyone knows the tricks involved, but no one dares to offend these companies rashly, and they just turn a blind eye and let it go.

After acquiring the laboratory, all that remains is research and development, production, and then listing.

Han Chudong hopes to start production in the second quarter of this year, and he also needs to purchase more ready-made marketing channels. The Mason Battery production line has not yet been completed, and the procurement of raw materials and processing parts will soon be put on the agenda.

Last Christmas Eve, I met an animation producer.

Thinking about starting to sell four-wheel drive racing toys in the second half of the year, he also needs to deal with the customized animation or comics matters as soon as possible. It will definitely save money to ask someone to draw the comics. He hasn't thought about it yet, so he is not in a hurry to contact the other party.

This evening's meal was quite pleasant, with a little red wine.

There is no wrong version in the 1619 book forum!

After having a good meal and a good drink, Kiko Mochizuki drove us to the hotel where we stayed last time to rest...

I had thought that after the dealers had sold most of last year's goods, there would be another wave of sales at the beginning of this year, but in fact, only one batch of goods was ordered in two days.

According to Zhao Dajun and Zhou Nan, the goods they bought from the company were not easy to sell when they tried to market them, and some retailers and toy dealers were unwilling to continue taking goods.

There are many reasons for this situation. The main one is that too many products are sold before the holidays and dealers have inventory on hand. If so many interesting products are launched at one time, children will also get aesthetic fatigue. If they feel it is no longer novel, they will not have the urge to buy.

This has some impact on Han Chudong's plan. After all, the bulk of the profits currently still come from Mango Toy Company.

The sales volume of Baofeng Electric also declined at the beginning of the year, and the little money earned was reinvested in the expansion, development and daily operations of Baofeng Electric.

It is certainly a worrying thing that the cash in hand is only decreasing and not increasing.

However, the problem is not serious for the time being, and it has not yet reached the point where Han Chudong is in a panic. To put it another way, he can still get a loan from the bank.

When poor people deposit money in banks, they only receive a small amount of interest each year, and their purchasing power decreases as the currency depreciates.

The rich borrow money from banks. As the currency depreciates, the amount of money they have to pay back also decreases. They can make more money with borrowed money, which is also one of the secrets of the rich getting richer.

Han Chudong was confident that he was not afraid to borrow money at a high interest rate, but the money he had on hand was sufficient. Even if he acquired the laboratory, he would still have about four million US dollars left.

Before the holiday last year, I received a payment from Fisher-Price Toy Company. Although the profit has declined recently, it is not a penny away. I just didn’t earn as much as at the end of last year. Maybe it will recover soon.

Overall the situation is okay, there's nothing you can do to get anxious.

There is a greater possibility of making money by learning to sell clothes like a fast-moving consumer goods store, acquiring an insurance company to engage in sales, or running a 24-hour convenience store, but Han Chudong really does not have the energy to continue doing this. Moreover, it requires initial investment, which may lead to the risk of a broken capital chain. At least before Mason Battery and Rainbow Beauty make money, he will not blindly enter new fields.

It is possible to invest some money and make money by riding on the trend.

He won't make all the money, but Han Chudong might be exhausted to death first. He would be exhausted from doing physical work and would be fine after a few days of rest. But he would feel even more uncomfortable if he used his brain too much and felt psychologically oppressed.

The holiday has just ended and things have been piling up all of a sudden. In addition to the immediate troubles, I also have to consider the long-term, and it is really hard to relax.

The Silicon Valley in the San Francisco Bay Area was not yet the Silicon Valley of the future. Stanford University had just emerged and its overall ranking was not very high.

Companies such as IBM, HP, and Intel have already been incubated in this area, and Los Angeles has Hollywood and a larger population. Therefore, San Francisco is currently not as strong as Los Angeles in the south, but it has greater growth potential.

The infrastructure near Golden Gate Park is relatively new, and middle- and upper-income residents live here.

At this moment, Mochizuki Kiko was helping to drive. She asked Han Chudong, "You are fine tonight, so you won't go out again, right? If so, I want to buy some things first. Is there anything you need?"

"Water, a toothbrush, a razor, and better yet, a cigar."

Not long after.

At the checkout counter of a grocery store, Han Chudong saw her holding a bag of things in her hands, hiding it from him so that he wouldn't see it, which made him want to see it even more.

When I saw what it was, the idea of ​​going to see her at night to watch the stars and chat about life ideals was swept away in an instant. The only thing that rang in my mind was the Kotex advertising slogan that I often see on TV - "Use the best sanitary pads to be the most beautiful urban woman. I buy it, you buy it, and everyone buys it!"

…