What's the real issue?（2011年老文抢救）

Facts:

Registered capital: US$1m

Paid-in capital: US$0.3m

Rest capital contribution: due within 1 month but Foreign Investor A unable to make

Foreign Investor A now requested a 2-month funding from Foreign Investor B to meet the capital call

Client Intention: lend with sufficient protection and right to exchange loan into shares of JV

Options:

#1: lend direct to Foreign Investor A with a pledge over shares of JV held by Foreign Investor A

#2: contribute instead of Foreign Investor A and accordingly subscribe relevant shares of JV that are supposed to issue to Foreign Investor A; call option to Foreign Investor A exercisable within 2 month of capital contribution

Questions: what's the real issue?