JOINT VENTURE DISSOLUTION AND TERMINATION AGREEMENT BETWEEN HYUNDAI HEAVY INDUSTRIES CO., LTD., ENOVA SYSTEMS INC., AND HYUNDAI-ENOVA INNOVATIVE TECHNOLOGY CENTER, INC. FOR THE DISSOLUTION AND TERMINATION OF THE JOINT VENTURE AGREEMENT AND OTHER MATTERSJoint Venture Dissolution and Termination Agreement • April 13th, 2009 • Enova Systems Inc • Electronic components & accessories
This Agreement is entered into, and is effective as of this 6th of April, 2009, by and between ENOVA Systems, Inc., a corporation organized and existing under the laws of the State of California, U.S.A., with its principal place of business at 1560 W. 190th St., Torrance, CA 90501 (hereinafter referred to as “ENOVA”), Hyundai Heavy Industries Co., Ltd., a corporation organized and existing under the laws of the Republic of Korea, with its principal place of business at 1 Cheonha-dong, Dong-Ku, Ulsan, Korea (hereinafter referred to as “HHI”), and Hyundai-Enova Innovative Technology Center, Inc. with its principal place of business at 1560 W. 190th St., Torrance, CA 90501 (hereinafter referred to as “HE-ITC”)(HHI and HE-ITC together, hereinafter referred to as “HHI Parties”).
