Registration:

Developer must register with HSC by signing a membership agreement and making an initial underwriting investment within the community investment authority which may vary based on business analysis.

Registration includes:

• A business certification, stock and bond underwriting for first stage programming and development.
• The first initial fees are due upon signing of partnership agreement.
• Thereafter, a regular monthly developer fee is due in advance on the first of every month.
• Fees may be paid via Check, Cash or Credit.

Requirements:

All partners must:

• have a government issued ID or driving license
• be in business in the state where investment funds are offered
• be willing to offer company stock or bonds to HSC investors in exchange for working capital and repay principal and interest.
• have a commercial bank account or treasury service for Payment Gateway in reference with a For Beneficiary Account (FBO)

Master Service Agreement

After finalization of registration new developers will complete a standard Master Service Agreement MSA. Developers will be instructed to read a review HSC development, investment and procurement policies to receive private certification.

Administration

After MSA a developer will complete a commercial Procurement credit check for business due diligence

For procurement qualification developers must have:

• Certificate of Authority for business registration within the state of your operations
• An Employer Identification Number EIN for banking or taxation
• Investment Fund letter of intent to provide service within the state of which doing business
• Sign a Beneficiary Ownership Statement BOF

Development

After administrative contracting developer will begin work together with the HSC Administrators on real-time planning, proposals ‘as needed’ to ensure effective operations.

Interactive Planning Schedule:

• Business Planning
• Stock Planning
• Bond Planning

Certification & Storage

After planning and development is approved and certified an account holder will sign a Book Entry Securities Deposit Agreement for securities custody within its treasury bank portal and local clerk of court.

Qualification

To qualify, developers must have:

• Master Service Agreement
• Bid, Performance, and Payment Bond Approval
• Surety Bond (as needed)
• Medallion Guarantee (as needed)

All Sureties must have the following:

• An asset or equity that can leverage investment
• Willingness to be an individual surety
• Minimum Qualified household income of $250,000
• Consent to regular dividends coupons from grant investment income.

Note: Additional third-party underwriting and appraisal fees for this service may apply. Fees are invoiced to each developer and can be paid in full upon receipt or financed with each invoice on an agreed schedule.

Funds Transfer Request

After certification and custody, HSC Administrators will allocate funds transfer assignments for developers working capital expense card via settlement bank.

Qualification

To qualify for a working capital card developers must have:

• Business or Commercial bank account
• Acquirer’s Business Relationship Manager from your bank (as needed)
• Settlement Agreement with your bank’s Treasury Service (as needed)

Note: There will be an administrative hearing held at the HSC’s investment meeting for approval.