Agreement on Contractual Joint Venture English TranslationJoint Venture Agreement • October 17th, 2008 • Worldwide Energy & Manufacturing Usa Inc • Miscellaneous manufacturing industries
According to the provisions of the Framework Agreement regarding the acquisition of Shanghai Detron Electric and Electronics Company Limited and Shanghai Dehong Electric and Electronics Company Limited, which was signed by both parties as well as Tao Jingheng on February 3, 2008, Shanghai Jingde Electric and Electronics Company Limited controlled by Party B will operate Shanghai Dehong Electric and Electronics Company Limited together with Party A (the renamed enterprise, the following the same) In the meantime, Shanghai Dehong Electric and Electronics Company Limited will hold the 100% shares under the control upon the Shanghai Detron Electric and Electronics Company Limited. In consideration of the relevant matters described hereinafter during the period of joint venture by the Shanghai Dehong Electric and Electronics Company Limited (hereinafter referred to as the joint venture) and Shanghai Detron Electric and Electronics Company Limited, NOW THEREFORE agree as follows:
