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    Corporate Type Agreement

    2009/1/8 16:36:00 41919

    Joint venture agreement

    Making agreements:
    Party A (unit name):
    Economic nature: ownership.
    Party B (unit name):
    Economic nature: ownership.
     
    The two sides, based on the principle of mutual benefit and common development, have fully negotiated and decided to jointly invest in the establishment of our company.

    1. purpose of joint venture, joint venture project and business scope.

    2. name of joint venture: City (county) Company (enterprise)
    Address: subjection: economic nature: (ownership) pool.
    Accounting method: independent accounting.

    3. joint mode of investment, amount and duration of investment:
    The total investment of the company is RMB yuan.
    Party A invested RMB yuan in total investment.
    Party A shall invest as follows:
    Cash: yuan;
    Workshop: yuan; depreciation rate is% per year;
    Machinery and equipment: yuan. The depreciation rate is about% per year.
    Compensation for land expropriation is: yuan.
    Patent right: yuan;
    Trademark right: yuan.
    Technological achievements: yuan;
    Party B investment: (slightly...)
    Date of investment payment:

    4. rights and obligations of associate members:

    5. profit distribution and risk taking:

    The company's profits are paid according to law (reserve fund + Production Development Fund + employee welfare bonus fund) = dividends (allotment according to shares).
    Party A:%; Party B%.
    The liability of the members of the joint venture to the company's debts is limited to the amount of investment.

    6. the organization of joint ventures:

    The company implements the manager responsibility system under the leadership of the board of directors.

    The board of directors decides the important matter of the company, has the right to determine the remuneration of the directors, and has the right to replace the directors.

    The board of directors is composed of the directors. The names of Party A, Party B, chairman and vice chairman are elected by the board meeting.  

    The term of office of board members is year. If a member of a board of directors has a temporary change, it may be replaced by an appropriate person from the original unit of the director, but it shall be approved by the board of directors.

    The chairman, vice chairman and director may serve as the manager, deputy manager or other duties of the company.

    The company shall have a manager and a deputy manager, who shall be invited by the board of directors. The term of office is year.

    The management organ of a company shall be decided by the board of directors.

    7. liability for breach of contract:

    (1) if any member of the joint venture fails to pay the capital contribution on time as stipulated in article third of this agreement, the breach party shall pay the company's% of the amount paid as a penalty for breach of contract every time.

    (2) as a result of the breach of a party by any member of the joint venture, and if the agreement fails to perform or fails to perform fully, the contract holder shall have the right to request the termination of the agreement, and the defaulting party shall make full compensation for all the economic losses in addition to paying a penalty for the amount of the contribution. If both parties agree to continue to carry out the agreement, the breach party shall compensate the company for the loss caused by its breach of contract.

    (3) handling of situations of force majeure.

    (4) if there is any dispute in the performance agreement, the parties concerned shall send representatives to resolve it through consultation.

    8. the date of entry into force of this agreement is the time when the board of directors is established. The board of directors of the company is responsible for registering, opening bank accounts and other matters of preparation.

    9. the agreement is in original form. Each party holds one copy, and the company keeps one copy of the agreement in duplicate. Keep one copy each.

    Party A: (official seal)
    Legal representative: (Gai Zhang)
    Bank account:
    Address:
    Party B: (official seal)
    Legal representative: (Gai Zhang)
    Bank account:
    Address:
    Certification or notary office: (Gai Zhang)
    Year, month and day

    Editor: vivi

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