The Development Agreement. On 16 February 2017, the Company and Xxxxxxx Government entered into the Development Agreement in relation to the construction and development of a 50MW photovoltaic power plant in Weishan County*（ 微山縣）, Jining City*（ 濟寧市）, Shandong Province, the PRC. Certain material terms of the Development Agreement are set out as follows. Date 16 February 2017 Parties
The Development Agreement. In exchange for the consideration set forth in this Settlement Agreement, including the resolution of the pending litigation, the Parties agree that the Development Agreement is modified as follows:
The Development Agreement. As of the date hereof, JOL is finalizing a development agreement ("Development Agreement") with the government ("Government") of the Sultanate of Oman ("Oman"). A copy of the final draft Development Agreement is attached hereto as Exhibit A. The Development Agreement describes the terms and conditions under which a real estate development project to be designated by the Government as an "Integrated Tourism Complex" (the "Omagine Project") will be developed in Oman by Omagine S.A.O.C. [under formation] (the "Project Company").
The Development Agreement. (a) The Development Agreement is not incorporated herein and shall survive the execution and entry into force of this Agreement.
The Development Agreement. As of the date hereof, JOL is negotiating a development agreement ("Development Agreement") with the government ("Government") of the Sultanate of Oman ("Oman"). A draft copy of the Development Agreement (the "Draft Development Agreement") which is subject to further negotiation and changes by the Government and JOL is attached hereto as Exhibit A. The Draft Development Agreement memorializes the terms and conditions of a proposed real estate development project (the "Omagine Project") to be undertaken in Oman by a subsidiary of JOL (the "Project Company").
The Development Agreement. 5.1 The development agreement (‘the DA’) will be the principal agreement that regulates the arrangements between the parties for the redevelopment of the Properties. Reference to the Developer in this section is to be treated as being a reference to the relevant SPV.
The Development Agreement
