Common use of Responsibilities of Party A Clause in Contracts

Responsibilities of Party A. In addition to its other obligations under this Contract, Party A shall undertake the following responsibilities: (1) assist the Joint Venture Company in obtaining other approvals, licenses and rights required for the Joint Venture Company to undertake activities within its scope of business during its term of operations, including without limitation the Auction License; (2) assist the Joint Venture Company in purchasing, leasing or otherwise procuring office furniture and equipment, vehicles, products and other materials required for the Joint Venture Company’s operations from sources in China; (3) assist the Joint Venture Company in applying for licenses for the import of office furniture and equipment, vehicles, products and other materials required for the Joint Venture Company’s operations, and in carrying out all import and customs formalities in respect thereto; (4) assist the Joint Venture Company in recruiting skilled managers and technical personnel; (5) assist the Joint Venture Company in opening Renminbi and foreign currency bank accounts and in converting Renminbi into foreign currency for the Joint Venture Company to make outbound payments; (6) (in order to enable the Joint Venture Company to carry out its business operation in the Beijing Free Port) provide periodic reports (whenever there is any material change that can reasonably be expected to impact on, or relate to, the Joint Venture Company) to Party B on (i) the progress for it to obtain Third Party financing/investment to the Beijing Free Port, (ii) the status and time estimate for it to achieve the construction milestones of the Beijing Free Port, and (iii) any events or circumstances that can reasonably be expected to impact on its ability to obtain Third Party financing/investment to the Beijing Free Port or achieve the construction milestones of the Beijing Free Port; and (7) handle other matters entrusted by the Board of Directors.

Responsibilities of Party A. In addition to its other obligations under responsibilities set forth elsewhere in this Contract, the Party A shall undertake perform the following responsibilitiesduties: (1a) to submit this Contract, the Articles of Association, the Feasibility Study and all other relevant documents to the Examination and Approval Authority for their examination and approval and to obtain all the Approvals from the relevant governmental authorities in connection with the establishment of the Company and the performance of the obligations of Party A hereunder and to assist the Company in obtaining from the appropriate PRC governmental authority the Business License, registering the Company with the appropriate PRC tax authorities and to assist the Company in obtaining and maintaining in force all licenses, permits, consents, authorizations, approvals and agreements that are necessary for the Company to conduct its goals, business operations and business objectives in accordance with the terms of this Contract; Equity Joint Venture Contract (b) fulfill its obligations, and ensure that its Affiliates fulfill their obligations, as set forth in the Transaction Documents to which it is, and/or they are, a party or parties; (c) assist the Joint Venture Company in developing its business based upon its established contacts and relationships with commercial enterprises, and coordinate and liaise with government agencies for the maintenance of permits, licenses and other qualifications; (d) appoint in a timely manner members of the Board as specified in Section 8.1(b); (e) cause its representatives on the Board to implement the approved Budget and Business Plan, to act in the Company's best interests and to perform and take all actions in accordance with this Contract, the Articles of Association, the Feasibility Study, the Transaction Documents and the intent of the Parties; (f) assist the Company in obtaining other approvals, licenses and rights required for maintaining in force throughout the Joint Venture Term (as defined in section 17.1(a) below) (and any extension thereof) all Approvals and agreements that are necessary for the Company to undertake activities within achieve its scope goals and business objectives and conduct the business of business during its term the Company in accordance with the terms of operationsthis Contract, the Articles of Association and the Transaction Documents including without limitation the Auction Licensenecessary Approvals from the Examination and Approval Authority; (2g) assist the Joint Venture Company in purchasing, leasing or otherwise procuring office furniture and equipment, vehicles, products and other materials required for the Joint Venture Company’s operations from sources in China; (3) assist the Joint Venture Company in applying for licenses for the import of office furniture and equipmentobtaining any preferential treatment in tax, vehiclescustoms, products and foreign exchange or other materials required for the Joint Venture Company’s operations, and areas that are available or may become available under any preferential policy in carrying out all import and customs formalities in respect thereto; (4) assist the Joint Venture Company in recruiting skilled managers and technical personnel; (5) assist the Joint Venture Company in opening Renminbi and foreign currency bank accounts and in converting Renminbi into foreign currency for the Joint Venture Company to make outbound payments; (6) (in order to enable the Joint Venture Company to carry out its business operation in the Beijing Free Port) provide periodic reports (whenever there is any material change that can reasonably be expected to impact on, or relate to, the Joint Venture Company) to Party B on (i) the progress for it to obtain Third Party financing/investment to the Beijing Free Port, (ii) the status and time estimate for it to achieve the construction milestones of the Beijing Free Port, and (iii) any events or circumstances that can reasonably be expected to impact on its ability to obtain Third Party financing/investment to the Beijing Free Port or achieve the construction milestones of the Beijing Free Portaccordance with Law; and (7h) handle assist the Company in other matters entrusted as requested by the Board of DirectorsBoard.

Responsibilities of Party A. In addition to its other obligations under responsibilities set forth elsewhere in this Contract, the Party A shall undertake perform the following responsibilitiesduties: (1a) to submit this Contract, the Articles of Association, the Feasibility Study and all other relevant documents to the Examination and Approval Authority for their examination and approval and to obtain all the Approvals from the relevant governmental authorities in connection with the establishment of the Company and the performance of the obligations of all the Parties hereunder and to assist the Company in obtaining from the appropriate PRC governmental authority the Business License, registering the Company with the appropriate PRC tax authorities and to assist the Company in obtaining and maintaining in force all licenses, permits, consents, authorizations, approvals and agreements that are necessary for the Company to conduct its goals, business operations and business objectives in accordance with the terms of this Contract; (b) fulfill its obligations, and ensure that its Affiliates fulfill their obligations, as set forth in the Transaction Documents to which it is, and/or they are, a party or parties; (c) assist the Joint Venture Company in developing its business based upon its established contacts and relationships with commercial enterprises, and coordinate and liaise with government agencies for the maintenance of permits, licenses and other qualifications; (d) appoint in a timely manner members of the Board as specified in Section 8.1(b); (e) cause its representatives on the Board to implement the Budget and the approved Business Plan, to act in the Company's best interests and to perform and take all actions in accordance with this Contract, the Articles of Association, the Feasibility Study, the Transaction Documents and the intent of the Parties; (f) assist the Company in obtaining other approvals, licenses and rights required for maintaining in force throughout the Joint Venture Term (as defined in section 17.1(a) below) (and any extension thereof) all Approvals and agreements that are necessary for the Company to undertake activities within achieve its scope goals and business objectives and conduct the business of business during its term the Company in accordance with the terms of operationsthis Contract, the Articles of Association and the Transaction Documents including without limitation the Auction License;necessary Approvals from the Examination and Approval Authority; Equity Joint Venture Contract (2g) assist the Joint Venture Company in purchasing, leasing or otherwise procuring office furniture and equipment, vehicles, products and other materials required for the Joint Venture Company’s operations from sources in China; (3) assist the Joint Venture Company in applying for licenses for the import of office furniture and equipmentobtaining any preferential treatment in tax, vehiclescustoms, products and foreign exchange or other materials required for the Joint Venture Company’s operations, and areas that are available or may become available under any preferential policy in carrying out all import and customs formalities in respect thereto; (4) assist the Joint Venture Company in recruiting skilled managers and technical personnel; (5) assist the Joint Venture Company in opening Renminbi and foreign currency bank accounts and in converting Renminbi into foreign currency for the Joint Venture Company to make outbound payments; (6) (in order to enable the Joint Venture Company to carry out its business operation in the Beijing Free Port) provide periodic reports (whenever there is any material change that can reasonably be expected to impact on, or relate to, the Joint Venture Company) to Party B on (i) the progress for it to obtain Third Party financing/investment to the Beijing Free Port, (ii) the status and time estimate for it to achieve the construction milestones of the Beijing Free Port, and (iii) any events or circumstances that can reasonably be expected to impact on its ability to obtain Third Party financing/investment to the Beijing Free Port or achieve the construction milestones of the Beijing Free Portaccordance with Law; and (7h) handle assist the Company in other matters entrusted as requested by the Board of DirectorsBoard.

Responsibilities of Party A. In addition to its other obligations Apart from responsibilities under this Contract, Party A shall undertake also assume the following responsibilities: (1) assist . Deliver its amount of contribution to the registered capital as provided in Article V; 2. Assist in the fulfilment of all formalities for the establishment of the Joint Venture, including affairs concerning application, registration, obtaining the business license and other requirements of the establishment of the Joint Venture Company required by the departments in obtaining other approvals, licenses and rights required for the Joint Venture Company to undertake activities within its scope of business during its term of operations, including without limitation the Auction License; (2) assist the Joint Venture Company in purchasing, leasing or otherwise procuring office furniture and equipment, vehicles, products and other materials required for the Joint Venture Company’s operations from sources charge in China; (3) assist . Assist the Joint Venture Company in applying all affairs related to its business, including the application for permission, certificates and licenses for related to security and hygiene, environmental affairs, product and product formulation approval, the import sale of office furniture and equipmentproducts on a foreign currency basis, vehicles, products and other materials required for affairs requested by the governmental authorities; 4. Ensure that the Joint Venture Company’s operations, and in carrying has the right to use adequate sites reasonable required to carry out all import and customs formalities in respect theretothe purposes of this Contract; (4) assist 5. Assist the Joint Venture Company to fulfill all the customs formalities and do the best to fulfill the import duties and taxes on all imported machines, equipment, material and goods which are allowed to import according to relevant regulations in recruiting skilled managers China, and technical personnelassist with their transportation in Chinese territory; (5) assist 6. Assist the Joint Venture Company in opening Renminbi to purchase machines, equipment, material, office necessities, transport vehicles, communication equipments and foreign currency bank accounts other goods and in converting Renminbi into foreign currency for services necessary to carry out the purposes of the Joint Venture; 7. Assist the Joint Venture Company in contacting and negotiating with related departments to make outbound payments; (6) (in order to enable the Joint Venture Company secure its electricity, water, communication and transportation facilities necessary to carry out its business operation in the Beijing Free Port) provide periodic reports (whenever there is any material change that can reasonably be expected to impact on, or relate to, purposes of the Joint Venture Company) to Venture; 8. In cooperation with Party B on (i) and Party C, organize the progress for it designing and construction work to obtain Third Party financing/investment expand and renew the production facilities of the Joint Venture; 9. Prepay the related expenditures and fees related to the Beijing Free Port, (ii) the status and time estimate for it to achieve the construction milestones establishment of the Beijing Free PortJoint Venture, where such related expenditures and (iii) any events or circumstances that can reasonably be expected to impact on its ability to obtain Third Party financing/investment to the Beijing Free Port or achieve the construction milestones of the Beijing Free Port; and (7) handle other matters entrusted fees, following confirmation by the Board of Directors, shall be included in the initial expenditures of the Joint Venture; 10. Assist the Joint Venture to find a number of qualified personnel from which the Joint Venture shall be able to employ as management and administrative personnel, technical staff and other needed personnel; 11. Assist the foreign personnel of Joint Venture and of the companies which are a party hereto to obtain the necessary visa and work permission, as well as provide recommendations, offices, transportation and medical care and other health facilities; 12. Assist the Joint Venture in obtaining approval for loans and assist the Joint Venture to apply to branches of the Bank of China and other authorized banks in China in order to open foreign currency accounts, foreign currency credit accounts and Renminbi accounts; 13. Ensure that, after Contract has been approved by the Ministry of Foreign Economic Cooperation and Trade, Party A has the authority and power to undertake and perform all of its obligations hereunder; 14. Assist the Joint Venture to handle its relations with local government and other Chinese companies in the general sense; 15. Provide the required supply of raw materials and distribution channels for products to provide the opportunity for each facility to operate at full capacity. Raw materials/products shall be provided at competitive prices similar to those offered for respective domestic consumption by processors or consumers; 16. Assist the Joint Venture to give Party B and Party C any part or all of the distribution of profits of the Joint Venture in U.S. dollars, or any other foreign currency Party B and Party C may chose, at the exchange rate as quoted by the Foreign Exchange Adjustment Centers of the State Administration for Exchange Control on that day; 17. Assist the Joint Venture in submitting an application to the examination and approval authority no less than one hundred and eighty (180) days before the term terminated in a manner that achieves the maximum renewal options. Each time there is an increase in registered capital, assist the Joint Venture in applying for extension; and 18. Handle other affairs entrusted by the Joint Venture.