Ecocores

Statutes of ECOCORES

Name and seat Vaduz, Liechtenstein

1. Under the name
a Liechtenstein company with legal personality exists in the legal form of a cooperative society in accordance with the provisions of Article Ecocores
The seat is in

2. Purpose
The purpose of the co-operative is to support member companies that want to, can and will comply with the conditions for the active membership.
In particular, to raise or provide capital and eliminate debt.

A)	No obligation to repay which may lead to bankruptcy, only in the case of income;
	•	The co-operative may offer non-commercial services or advice, as well as hire agencies or agents.
		The co-operative can establish subsidiaries and branches, worldwide.
	•	No commercial business is operated, but the nature and scope of the activity may require a commercial operation in the future.
	•	Membership
	•	Membership requires registration and the purchase and holding of at least one cooperative share (share, pre-share).
	•	Excluded from membership are companies that:
	•	make a long-term operating loss over 3 years.
	•	Provide financial services or financial products, excluding precious metals as well as corporate financing and affiliated companies or organizations.
	•	Produce or trade petroleum products, chemical medicines or killing weapons; establish or operate uranium nuclear power plants.
B)	Active membership can be obtained by registered legal entities (herinafter referred to as "company") that want to comply with the above conditions and can do so as soon as possible.
	•	Ownership conditions
	•	The company may only be owned by its owners, managers, employees and former employees.
	•	It may have co-operative, public and non-profit co-owners.
	•	Or it is a cooperative or non-profit organisation.
	•	If this is not yet the case:
	•	The shares of the other owners must be converted to Com-Shares of the cooperative. There must be no profit distribution until all this is done.
	•	Financial conditions
	•	The company must either be debt-free or have only interest-free debt.
	•	Interest-bearing debt must either be repaid or refinanced and converted to Com-Shares of the cooperative as soon as possible. There must be no profit distribution until all this is done.
	•	Ethical conditions

The company must be in harmony with nature, should ensure the best possible environmental protection and cause no environmental damage.
The company must be fair to its employees (fair wages and good working conditions, profit sharing) and fair to its customers and suppliers (no profit maximization).

3. In the event of misconduct, the cooperative reserves the right to issue a capital contract to the company, with no right of appeal.
Passive membership (investor) can be acquired by natural persons as well as legal entities.
- Members are liable exclusively with their shares, i.e. no personal liability, there is no obligation to make additional contributions or any other such obligation.
- Membership may be terminated at any time by returning, transferring or converting the shares. In the case of return, there is a conditional waiting period until the necessary funds have been raised.
- Capital

4. The cooperative capital is unlimited.
In order to raise the necessary funds, cooperative shares are issued, no certificates are issued for them. There are 2 categories: Shares and pre-shares;
The value of a share is 100 or a pre-shares is 1 (at the value of CHF in the year 2000, i.e. value-secured).

5. Shares can be purchased at a discount price of 80 to 88. The amount above 80 is a risk of loss contribution. Initially a discount price of 60 is possible for founding members.
Types of cooperative shares
Shares
The maximum number of shares is 400 per member, however 1000 per active member.

6. Unlimited number, intended for the capital provision to certain companies (legal entities). They can be converted to Eco shares anytime, up to the limit.
Positions of natural persons are freely transferable and inheritable.
a) Limited number per member; They are non-transferable however they can be converted to Eco shares anytime, up to the limit.
b) pre-shares
c) They can be purchased unlimited.

7. Closure or termination of positions of shares
A position can be terminated by the cooperative anytime by credits of total 100 per share.
a) A position can be closed by the member anytime. The redemption price can range from minimum 50 to 100, depending on the repayment rate. The closure of a position may result in a loss for which the cooperative is not liable, excluding legal remedies.
b) Use of capital
c) Operational costs and marketing, at most 4%;
d) Capital provision for active member companies;
e) Reserves, up to 25% of the capital in precious metals;
f) The net profit is included in the cooperative's assets, with reserves to be formed. The redemption of shares may result in a share of the profit. However, there is no distribution to cooperative members until the cooperative is dissolved.

8.

9.
a) Conditions for deposits, claims, transfers and withdrawal requests
b) Deposits

10 For deposits to the cooperative you receive pre-shares. A return by the cooperative is excluded.
a) Capital credit (value-secured)
b) There is a capital credit for capital repayments of shares.
For the capital credit there is a demurrage charge (weekly devaluations: 0.1%).
c) However, the amounts can be used for the purchase of shares. Further they can be transferred or withdrawn.
d) Profit credit (valued in CHF)
e) For profit payments there is a profit credit that can be transferred or withdrawn.
1) Withdrawal requests
2) A withdrawal request is required for the payout of claims.
3) A withdrawal requires a deposit beforehand. Capital withdrawal requests are given priority.
4) A withdrawal request is possible when the minimum amount of 400 is reached.
5) Only one withdrawal request is possible at a time. There is no demurrage on the amount. The withdrawal request can be canceled at any time.
6) Withdrawals are financed according to the order of the applications by the accumulated credit balance from payments from financed companies.
This may require a waiting period until the required funds are received for which the cooperative is not liable, excluding legal remedies. However, it can also draw on reserves.

11. The subsidiary/branch of the nation or state is exclusively responsible for the payment of claims, if one is established.
Conditions for capital provisions

12. Active members can open and activate capital contracts with the cooperative and thus become debtors of the cooperative.
Upon activation, up to 5% shares can be added for the remuneration to agents/agencies.

13. For each claim (debt) of 100, capital of 80 is paid out, internal and at most 60% external.
Conditions for conversion of company shares, bonds and liabilities as well as for refinancing bank debt (indirectly through financial institution members):
Per conversion value or refinancing value of 100: One Com-Share, an immediate internal redemption of 12% is due, debt amount 150 (remaining debt amount 138);

14. Conditions for debtors:
Payment obligations: