BAOLONGAQUATICCO.,LTD.JOINTVENTURECONTRACTChapter1GeneralProvisionsInaccordancewiththeLawofthePeople'sRepublicofChinaonChinese-ForeignCooperativeJointVenturesandotherrelevantChineselawsandregulations,###########and################,inaccordancewiththeprincipleofequalityandmutualbenefitandthroughfriendlyconsultations,agreetojointlysetupaCooperativeventureinZhanjiangCity,GuangdongProvince,thePeople'sRepublicofChina.Chapter2PartiesoftheCooperativeVentureArticle1Partiestothiscontractareasfollows:PartyA:#########Registeredin:############Legaladdress:###########ThenameofLegalrepresentative:Position:Nationality:PartyB:###########Registeredwith:Legaladdress:ThenameofLegalrepresentative:Position:Nationality:Chapter3EstablishmentoftheCooperativeVentureCompanyArticle2InaccordancewiththeCooperativeVentureLawandotherrelevantChineselawsandregulations,bothpartiesoftheCooperativeventureagreetosetupBAOLONGCooperativeventurelimitedliabilitycompany(hereinafterreferredtoastheCooperativeventurecompany).Article3ThenameoftheCooperativeventurecompany:######Thelegaladdressofthejointventurecompany:########Article4AllactivitiesoftheCooperativeventurecompanyshallbegovernedbythelaws,decreesandpertinentrulesandregulationsofthePeople'sRepublicofChina.Article5TheorganizationformoftheCooperativeventurecompanyisalimitedliabilitycompany.EachpartytotheCooperativeventurecompanyisliablewithinthelimitofthecapitalsubscribed.Theprofits,risksandlossesoftheCooperativeventurecompanyshallbesharedbythepartiesinproportiontotheircontributionstotheregisteredcapital.Chapter4ThePurpose,ScopeandScaleofProductionandBusinessArticle6TheproductiveandbusinessscopeoftheCooperativeventurecompany:frozenaquaticproducts;processingandmarketing;aquaculture;providemaintenanceserviceafterthesaleoftheproducts;studyanddevelopnewproducts.Article7TheproductionscaleoftheCooperativeventurecompany:Theannualprocessingcapacityis2000tonsofaquaticProducts.Chapter5TotalAmountofInvestmentandtheRegisteredCapitalArticle8ThetotalamountofinvestmentoftheCooperativeventurecompanyis600thousandU.S.dollars.Article9Theregisteredcapitalofthejointventurecompanyis300thousandU.S.dollars.(PartyA180thousandU.S.dollars,accountingfor60%;PartyB120thousandU.S.dollars,accountingfor40%.)Article10PartyAandPartyBwillcontributethefollowingtothecooperativeventure:PartyA:cash180thousandU.S.dollarsPartyB:cash120thousandU.S.dollarsThecashbyPartyAandPartyBshallbefortheuseofthecooperativeventurecompanywithin3monthesaftertheapprovalofthecontract.Article11Incaseanypartyintendstoassignallorpartofhisinvestmentsubscribedtoathirdparty,consentshallbeobtainedfromtheotherparty,andapprovalfromtheexaminationandapprovalauthorityisrequired.Whenonepartyassignsallorpartofhisinvestment,theotherpartyhaspreemptiveright.Chapter6ResponsibilitiesofEachPartytotheJointVenture.Article12PartyAandPartyBshallberespectivelyresponsibleforthefollowingmatters:ResponsibilitiesofPartyA:1.Providingcash,inaccordancewiththeprovisionsofArticle9and10.2.Handlingofapplicationsforapproval,registration,businesslicenseandothermattersconcerningtheestablishmentofthecooperativeventurecompanyfromrelevantdepartmentsinchargeofChina;3.Processingtheapplicationfortherighttotheuseofasitetotheauthorityinchargeoftheland;4.Organizingthedesignandconstructionofthepremisesandotherengineeringfacilitiesofthecooperativeventurecompany;5.Ass...
