CONTRIBUTIONS TO THE JOINT VENTURE. The Joint Venture Partners shall each contribute the following to the Joint Venture:
CONTRIBUTIONS TO THE JOINT VENTURE. Effective as of the Participation Date, to earn a 50% Interest in the Joint Venture:
(a) KG agrees to provide to the Joint Venture:
(i) the exclusive exploration rights, development rights and all mining rights to the Property, subject only to existing royalties of 10% of gross production; and
(ii) all existing exploration data in KG's possession, as well as all permits and licenses required to conduct placer mining on the Property; and KG represents warrants and covenants to Yukon Inc. that the existing royalties outstanding against the Property do not exceed 10% of gross production from the Property;
(b) Yukon Inc. agrees to provide to the Joint Venture $1,000,000 in equipment and start-up capital (the "Initial Funds") to operate a commercial mining operation on the Property. Yukon Inc. shall be entitled to recover the $1,000,000 contribution first from 75% of Net Income from the sale of Mineral Products from the Property in accordance with subsection 10.3. Until such time as Yukon Inc. has been repaid the full amount of its contribution, title to the Equipment included as part of its contribution shall remain in Yukon Inc.
CONTRIBUTIONS TO THE JOINT VENTURE. Section 3.01 As consideration for the Shares in the Company to MPAY Canada, MPAY and MPAY Canada shall provide services to the Joint Venture (“MPAY Responsibilities”) including but not limited to the following:
(a) Management mentoring;
(b) Technology development services;
(c) Sales consulting;
(d) Sales support;
(e) Business advisory services;
(f) Global Fintech market advisory services;
(g) Introductions to global business contacts; and
(h) Use of MPAY offices and business mailing address. EXHIBIT 10.12
Section 3.02 As consideration for the Shares in the Company, CPT shall provide services to the Joint Venture (“CPT Responsibilities”) including but not limited to the following:
(a) Management mentoring;
(b) Technology development services;
(c) Client management;
(d) Fintech development consulting; and
(e) Business advisory services.
Section 3.03 In addition to the foregoing, the Company may pay the Parties for their respective services rendered to the Joint Venture, as determined by the Company.
CONTRIBUTIONS TO THE JOINT VENTURE. Section 3.01 As consideration for the Shares in the Company to USH at closing, USH shall provide services to the Joint Venture (the “USH Responsibilities”) including but not limited to the following:
(a) Management mentoring;
(b) Mentoring to brand designers and entrepreneurs;
(c) Sales consulting;
(d) Sales support;
(e) Business advisory services;
(f) U.S. market advisory services;
(g) Introductions to U.S. business contacts; and
(h) Use of USH offices, warehouses and business mailing address.
Section 3.02 As consideration for the Shares in the Company to M&M at closing, M&M shall provide services to the Joint Venture (the “M&M Responsibilities”) including but not limited to the following:
(a) Management mentoring;
(b) Mentoring to brand designers and entrepreneurs;
(c) Client management;
(d) Apparel production and supply chain development consulting; and
(e) Business advisory services.
Section 3.03 In addition to the foregoing, the Company may pay the Parties for their respective services rendered to the Joint Venture, as determined by the Company.
CONTRIBUTIONS TO THE JOINT VENTURE. (a) ARI and/or Aleafia Parent hereby agree to make the following contributions to the Joint Venture:
(i) $4,000,000 in exchange for the issuance of 99 Shares to ARI pursuant to the ARI Subscription Agreement to fund a minimum of ten (10) retail store buildouts with the balance being for working capital for the Joint Venture on the Implementation Date; and
(ii) Provision of expertise to the Joint Venture on a consumer’s “in-person” cannabis client experience on an as-needed basis.
(b) Serruya hereby agree to make the following contributions to the Joint Venture:
(i) Obtaining of relevant sales licenses;
(ii) Identification of retail store locations and existing offers to lease; and
(iii) Design for stores and supervision of retail store buildout and retrofitting.
CONTRIBUTIONS TO THE JOINT VENTURE. 6.1 BirdLasser shall, with effect from the Signature Date, and on the terms of this MOU -
6.1.1 service and maintain the App;
6.1.2 collate the Data derived from the App;
6.1.3 serve batch Data to the ABC, the format, content and frequency of such data will be agreed to in writing between the Parties;
6.1.4 build and test new features related to the acquisition of additional Data;
6.1.5 market the App and/or the Data, the causes to which it relates and the progress made in relation thereto by way of social media at least once every two months;
6.1.6 acknowledge ABC as a recipient of the Data supplied by BirdLasser in any media piece that BirdLasser may in its sole and absolute discretion elect from time to time, the source of which media piece is derived from or attributable to, in whole or part, the Data supplied to ABC by BirdLasser; and
6.1.7 [insert specific SMART/KPI-able BirdLasser requirement/s].
6.2 ABC shall, with effect from the Signature Date, and on the terms of this MOU -
6.2.1 credit BirdLasser for all the Data supplied to ABC in any media piece that BirdLasser may in its sole and absolute discretion elect from time to time, source of which media piece is derived from or attributable to, in whole or part, the Data supplied to ABC by BirdLasser;
6.2.2 create and distribute media of a quality to BirdLasser's satisfaction containing both images and words that are consistent with ABC's corporate identity as follows –
CONTRIBUTIONS TO THE JOINT VENTURE. VICT and Cherubim Interests shall each contribute the following to the Joint Venture:
CONTRIBUTIONS TO THE JOINT VENTURE. 3.01 ICE shall contribute to the Joint Venture an irrevocable, perpetual, non-exclusive, royalty-free license to use, manufacture and exploit for purposes of the business described in Article I all technology, know-how, designs, algorithms and proprietary information of ICE.
3.02 ICE shall contribute the Hummer prototype, the Cheetah prototype and the Freightliner prototype and all related equipment, parts and supplies to the Joint Venture. The Joint Venture shall reimburse ICE for direct costs of all such assets transferred.
3.03 DSE shall provide non-debt funding for the Joint Venture in the minimum following increments: a minimum of $500,000 within 90 days of the Effective Date of this Agreement, and an additional minimum of $1,000,000 within 180 days of the Effective Date of this Agreement, an additional minimum $3,500,000 within 1 year of the Effective Date of this Agreement.
CONTRIBUTIONS TO THE JOINT VENTURE. AFI and Fuelstream shall each contribute the following to the Joint Venture:
CONTRIBUTIONS TO THE JOINT VENTURE. (a) ABI and/or Aleafia Parent hereby agree to make the following contributions to the Joint Venture:
(i) $1,000,000 in exchange for the issuance of 30 Shares to ABI pursuant to the ABI Subscription Agreement to fund the working capital for the Joint Venture on the Implementation Date;
(ii) Supply of cannabis product (dry flower in processed and packaged forms) for use with the Serruya Licensed Brands, on an industry standard wholesale pricing basis, pursuant to the Supply Agreement;
(iii) Reselling and distribution of licensed cannabis product derived from the Serruya Licensed Brands pursuant to the Reseller and Distribution Agreement; and
(iv) Provision of expertise to the Joint Venture on a consumer’s “in-person” cannabis client experience on an as-needed basis.
(b) Serruya hereby agree to make the following contributions to the Joint Venture:
(i) Provision of brand materials, including the One Plant brand; and
(ii) License of Serruya Licensed Brands to the Joint Venture with rights to sub- license to ABI pursuant to the License Agreement.
