Execution Copy Wanxiang EV Co., Ltd. And Ener1, Inc. Sino-Foreign Equity Joint Venture Contract January 2011Sino-Foreign Equity Joint Venture Contract • January 21st, 2011 • Ener1 Inc • Miscellaneous electrical machinery, equipment & supplies
In accordance with the Sino-Foreign Equity Joint Venture Law of the People’s Republic of China (the “Equity Joint Venture Law”), its Implementation Rules and other Chinese laws and regulations, Wanxiang EV Co., Ltd. (hereinafter referred to as “Party A”) and Ener1, Inc. (hereinafter referred to as “Party B”), in accordance with the principle of equality and mutual benefit and through friendly consultations, agree to enter into this Contract to jointly invest and establish a Sino-foreign equity joint venture company in Xiaoshan Economic & Technology Development Zone, Hangzhou City, Zhejiang Province of the People’s Republic of China (“PRC” or “China”).
