Establishment of Joint Venture. 1.1 On [Insert date], (the "closing date") the Parties will cause the first joint venturer to purchase the whole of the issued share capital of the second joint venturer and thus acquire the second joint venturer's business as a going concern.
1.2 The Parties shall establish and agree valuations of the second joint venturer's business based principally upon the value of the net assets of that business. Final valuations will be prepared and agreed by a member of the Institute of Chartered Accountants appointed by the Parties [Insert number of days, e.g. 30 days] days before the closing date and shall be binding on the Parties. In the absence of agreement as to the choice of accountant the Parties will request the President for the time being of the Institute of Chartered Accountants to appoint an appropriate firm of accountants.
1.3 As consideration for the said acquisition the first joint venturer will on the closing date allot [Specify percentage of shares, e.g. 20%] % of it’s issued share capital to the second joint venturer and continue to own [Insert remaining percentage] %.
1.4 On the closing date the Parties will form a joint venture for the purposes of: [Provide a description of the joint venture]. In the following territory: [Insert the territory of the joint venture, e.g. US].
1.5 Business shall be conducted under the name [Insert new name of joint venture], ("the merged business") at [Insert address for new joint venture].
1.6 The term of the joint venture shall last for an initial period of [Insert period, e.
Establishment of Joint Venture. Subject to the terms and conditions hereof, ADA-ES and Arch Coal hereby agree to form a Joint Venture (the "Joint Venture") to co-market ADA 249 to such Customers as the parties may mutually agree from time to time including, without limitation, all current Customers of ADA-ES including those set forth on Schedule 1. It is understood and agreed that ADA-ES may market ADA 249 to other customers with Arch Coal's prior written consent, which shall not be unreasonably withheld.
Establishment of Joint Venture. 2.1 This agreement shall commence on April 3, 2006 and shall terminate in accordance with clause 12.
2.2 The joint venturers hereby establish a joint venture in accordance with the provisions of this agreement for the purpose of pursuing the business.
2.3 Upon or as soon as possible after the commencement date:
(a) MXXXX shall provide:
(i) Metal & Arsenic Removal Technology, Inc. (“MXXXX”) raw materials relater to the production of ARTI-64.
(ii) Equipment needed to treat water with ARTI-64
Establishment of Joint Venture. There is hereby established a joint venture between Go Public and WLG to create, register, and sell the shell companies. In exchange for the compensation set forth below in Section 3, WLG will provide all necessary legal services to carry out the business of the Joint Venture. Such services are expected to be (but are not limited to): (1) Preparation of the shell companies’ registration statements pursuant to the 1934 Act; (2) Preparation of the 1934 Act periodic reports for the shell companies; and (3) Preparation of the agreements pursuant to which the shell companies are sold. However, WLG’s obligation to provide legal services to the shell companies shall terminate at such time that the shell companies are sold to an unaffiliated thirty party, unless WLG expressly agrees otherwise. In addition, WLG agrees to make certain modifications to Go Public’s Confidential Private Offering Memorandum at no charge to Go Public. WLG may perform other services for Go Public other than those set forth above, however, such additional services will be billed at WLG’s prevailing fees. In exchange for the compensation set forth below in Section 3, Go Public agrees to pay all expenses relating to the Joint Venture. Such expenses are expected to be (but are not limited to) organizational expenses for the shell companies, audit fees for the shell companies, and printing and filing expenses. The Parties agree to perform in good faith all services necessary to further the business of the Joint Venture. Any services other than those set forth above shall be performed jointly by the Parties unless one Party agrees to perform such services individually.
Establishment of Joint Venture. AVI and WVI hereby establish an unincorporated Joint Venture to carry on, as owners, a business for profit for the purposes set forth below. The Joint Venture shall be established and conducted as a general partnership pursuant to the Uniform Partnership Act as adopted in the state of Delaware (hereinafter referred to as the “General Partnership Law”) with AVI and WVI as sole and equal partners; provided, however, in the case of any conflict between the provisions of the Agreement and the General Partnership Law, the provisions of this Agreement shall control.
Establishment of Joint Venture. In accordance with the "Law of PRC on Chinese-Foreign Co-operative Enterprises" and other applicable PRC laws and regulations, Party A and Party B hereby agree to establish a Sino-foreign cooperative joint venture company in Yunnan Province, PRC.
Establishment of Joint Venture. On 24 October 2018 (after trading hours), Wuling Industrial, a non-wholly-owned subsidiary of the Company, entered into the JV Agreement with Faurecia (China) in relation to the establishment of the JV Company. Pursuant to the JV Agreement, the JV Company shall be owned as to 50% by each of Wuling Industrial and Faurecia (China), respectively. The total registered capital of the JV Company is RMB120 million (equivalent to approximately HK$135.6 million), which shall be contributed as to RMB60 million (equivalent to approximately HK$67.8 million) by each of Wuling Industrial and Faurecia (China) respectively. PRINCIPAL TERMS OF THE JV AGREEMENT Date of the JV Agreement: 24 October 2018 JV Parties: (a) Wuling Industrial; and
Establishment of Joint Venture. The SHAREHOLDERS and RLH shall deliver to the COMPANY certified true copy of the following documents in relation the JOINT VENTURE:
1 The Feasibility study;
Establishment of Joint Venture. The Company shall have established a new subsidiary named Xingtai Huaxin Energy Technology Development Co., Ltd. (邢台华新能源技术开发有限公司), a joint venture between TCH and Xingtai Xinguang Engineering Technology Co., Ltd. (邢台新光工程技术有限责任公司), which will hire all the current employees of Xingtai Xinguang Engineering Technology Co., Ltd. (邢台新光工程技术有限责任公司), by executing employment agreements, in form and substance satisfactory to the Investors.
Establishment of Joint Venture. Warpspeed and Arcgen agree to establish a joint venture corporation reflecting the name Nxxxxxxx.XX. The joint venture will focus on research and development, marketing, sales, and operational activities as its management (as constituted in the manner described below) determines.