Target of Entrustment Sample Clauses

Target of Entrustment. 1. Grantor wishes to entrust Trustee to hold the Target Equity and manage the Target Company. The Target Equity is 90% of the equity of the Target Company, registered in the name of Trustee in the North Sulawesi Province in Indonesia. The rights to the Target Equity, however, belong to Grantor. 2. Grantor and Trustee confirm that the rights and obligations of the Target Equity (including but not limited to voting rights, dividend rights, disposal rights and other rights, etc.) shall be enjoyed and borne by Grantor. Trustee shall only be the holder in name and hold the Target Equity and manage the Target Company for the benefit of the Grantor.
Sample 1
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