PURPOSE AND SCOPE OF BUSINESS. The purpose of the Company is to engage in any lawful act or activity for which a limited liability company may be organized under the Act. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The Purpose of the Company With the desire to strengthen the economic and technical cooperation between the Parties, the purpose of the Company will be to use advanced and available techniques and scientific management methods to improve the SGT, develop new products, and enable competitiveness in quality and price in the international market; to be compatible with the needs of the Chinese clean coal chemical development, and to satisfy the gradually increasing market demand for clean energy; enable economical and clean conversion of SGT Feedstock into syngas for the production of a variety of high value products such as chemicals, power, transportation fuels, direct reduced iron (DRI) steel, fertilizers, synthetic natural gas (SNG) and industrial fuels through the efficient collaboration of THVOW which, has a strong capability in coal chemical equipment manufacturing, ICCDI’s capability on design, engineering and related services in China, and SESHK’s advanced SGT which has been utilized in industrial gasification projects. The Company aims to make the SGT the primary gasification technology in the Territory, through its scientific business management.
4.2 The Business Scope of the Company The business scope of the Company is to obtain full exclusive authorization in the Territory to provide SGT and related technologies, engineering services and SGT sub-licensing rights, engineering design of the SGT, supply related technologies and supply SGT Proprietary Equipment, to manufacture and sell SGT Proprietary Equipment, to provide SGT EPC project services, and to develop and improve the scope, pressure and capacity of the SGT, etc. The business scope shall be subject to the business scope as shown on Business License.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The purpose of the joint cooperation is : To enable the Parties hereto to achieve satisfactory economy benefits through the strengthening of the cooperation between the Parties, efficiently using the advantages of the Parties and adopting scientific management experience and advance techniques.
4.2 The scope and scale of the joint cooperation are: The manufacturing and marketing of electric machineries and related equipment in China.
PURPOSE AND SCOPE OF BUSINESS. 4.1 Purpose of the CJV
(1) Use Party B’s licensing technology to develop and sell Anti-Reflective Coating on solar cells (the “ARC System”) liquid phase deposition process and equipment; or other similar liquid deposition technology, such as passivation of LPD / SiN, SiN / PLD technology on crystalline silicon or thin film cell surface; as well as optical or surface enhancement application of other crystalline silicon cells or thin film cells (collectively referred to as the “Technologies”).
(2) Promote the Technologies through China and worldwide sales and marketing channels: through sales channels distributing the Technologies including licensing agreements and appropriate franchising;
(3) Promote the Technologies through appropriate development agreements with research centers / national laboratories, equipment manufacturers or end-users;
(4) Develop add-on intellectual property rights facilitating technology commercialization;
(5) Research & develop a self-closing, self-compensation prototype for the production of ARC System or similar materials in crystalline silicon and solar thin film cells;
(6) Produce products marketable in China and the world markets, the products can be with or without self-closing, self-compensation ARC System beneficial to subsequent sales.
PURPOSE AND SCOPE OF BUSINESS. 5.1 The purpose of the Company shall be to utilize the combined technological, management, operational and marketing strengths of the Parties within the approved scope of business of the Company to achieve good economic results and a return on investment satisfactory to the Parties. It is the Parties' vision to work together in a stable long-term relationship, beneficial to both Parties, especially in order to assume together a significant role in the Chinese CRM market.
5.2 The target business scope (“Target Business Scope”) of the Company shall be the development, designing, assembly, manufacture and wholesale, retail, import and export of pacemaker devices, implantable cardioverter defibrillator (ICDs) and cardiac resynchronization therapy devices (CRTs), collectively called implantable pulse generators, leads and programmers, components and other CRM related products, and conducting related research and development activities, and the provision of technical consultation, technical services, information services, medical educational services and activities and after-sale services related to the products of the Company. In case the exact approved and registered business scope of the Company at the date of the issuance of the Company’s Business License shall be different from the Target Business Scope due to regulatory reasons, the Parties agree to procure the Company to take all necessary actions and fulfill respective formalities in order to amend its business scope to reach the Target Business Scope as soon as practically possible.
PURPOSE AND SCOPE OF BUSINESS. 2.4.1 All Partners of this Limited Partnership establish this Partnership in order to make equity investment in store companies by such means as agreed in this Agreement and to realize good returns on investment for all Partners. The contributions paid by the Partners shall only be used for the said investment objectives or necessary liquidity investment. Without the consent of all Partners, the Limited Partnership shall not use the contributions for other investments. Unless otherwise agreed in this Agreement, the Limited Partnership shall not use the distributable cash gained from investment for re-investment except liquidity investment.
2.4.2 The scope of business of this Limited Partnership is [equity investment in medical projects. (Without the approval of the financial supervision authority and other competent authorities, it shall not be engaged in savings absorption, financing guarantee, financial management agent service, or fund-raising from the public.)]
PURPOSE AND SCOPE OF BUSINESS. Article 6. The objective of the parties to the Joint Venture is to introduce the world's most developed consumption value-added theory and management methods, create the new wealth with innovative business model, <PAGE> promote the sufficiency of consumer capital, and gain a competitive position in the world's consumer market, so as to maximize economic benefits for the parties to the Joint Venture.
Article 7. The business scope of the Joint Venture is: food and pork wholesale; machinery and electrical equipment; import and export (not involving state-run trade commodities; in the event that the commodities to be distributed are subject to quota licensing and specific administration, the application shall be processed in accordance with relevant state regulations.) CHAPTER 3 TOTAL AMOUNT OF INVESTMENT AND REGISTERED CAPITAL
Article 8. The total amount of investment of the Joint Venture is RMB 500,000 Yuan. The registered capital of the joint venture company is RMB 500,000 Yuan.
Article 9. Of which: Party A shall pay RMB 245,000 Yuan, accounting for 49%; Party B shall pay RMB 255,000 Yuan, accounting for 51%.
Article 10. The registered capital of the Joint Venture shall be paid in full by Party A and Party B within six months upon the issuance of the Joint Venture's business license.
Article 11. After the investment is paid by the parties to the Joint Venture, a Chinese registered accountant shall verify it and provide a certificate of verification, in accordance with which the Joint Venture shall issue an investment certificate.
Article 12. If any party to the Joint Venture intends to assign all or part of his investment subscribed to a third party, consent shall be obtained from the other party to the Joint Venture, and the party shall submit the assignment to the examination and approval authority for approval, and shall go through the registration procedures for changes with the registration and administration office. When one party assigns all of part of his investment to a third party, the other party has pre-emptive right.
Article 13. Any increase or reduction of the registered capital of the Joint Venture shall be approved by a meeting of the board of directors and submitted to the examination and approval authority for approval. Registration procedures for changes shall be dealt with at the registration and administration office.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The purpose of the Joint Venture shall be to strengthen economic cooperation and technical exchanges, to satisfy the electricity requirements of the Chinese Party, to improve power supply and promote the development of the economy in Henan Province by adopting advanced and appropriate technology and scientific management methods, and to continuously raise the economic efficiency of the Joint Venture and ensure satisfactory economic benefits for each Party.
4.2 The business scope of the Joint Venture shall be to build, own, operate and maintain a 2 x 125 MW coal-fired self-supply power plant near the site of the Jiaozuo Aluminum Mill of Henan Province to generate and sell electricity according to the relevant contracts and develop and operate power related business in utilizing coal ash.
4.3 The business activities of the Joint Venture will be carried out in accordance with the provisions of this Contract, the Articles of Association and the decisions of the Board.
PURPOSE AND SCOPE OF BUSINESS. The business purpose of the Company shall be to engage solely in the following activities, all in accordance with this Agreement: (i) purchasing, financing, developing, marketing and selling the Project and the real estate subject thereof, (ii) performing its obligations under agreements, instruments or other documents to which it is a party, including any purchase agreement, loan agreement, and agreements with contractors and consultants in connection with the Project, and (iii) engaging in those activities, including execution of agreements, that are necessary or desirable to accomplish the foregoing or are incidental thereto.
PURPOSE AND SCOPE OF BUSINESS. 1.1 The purpose of the Company shall be to facilitate graduates of Higher Education Institutions in job searching and future career development and to ensure satisfactory economic benefits for each Party, which all activities of the Company shall be carried out in accordance with the law and regulations of People’s Republic of China.
1.2 The Company shall provide Value-added and related services for CareerNet of EMIC
1.3 The Scope of Business shall include the provision of:
