1、 laws and regulations, # and #, in accordance with the principle of equality and mutual benefit and through friendly consultations, agree to jointly set up a Cooperative venture inZhanjiang City, Guangdong Province , the Peoples Republic of China. Chapter 2 Parties of the Cooperative VentureArticle
2、1 Parties to this contract are as follows:Party A: #Registered in: #Legal address :#The name of Legal representative: Position: Nationality:Party B: # Registered with : The name of Legal representative: Position: Nationality:Chapter 3 Establishment of the Cooperative Venture CompanyArticle 2 In acco
3、rdance with the Cooperative Venture Law and other relevant Chinese laws and regulations, both parties of the Cooperative venture agree to set up BAOLONG Cooperative venture limited liability company (hereinafter referred to as the Cooperative venture company).Article 3 The name of the Cooperative ve
4、nture company: #The legal address of the joint company: #Article 4 All activities of the Cooperative venture company shall be governed by the laws, decrees and pertinent rules and regulations of the PeopleArticle 5 The organization form of the Cooperative venture company is a limited liability compa
5、ny. Each party to the Cooperative venture company is liable within the limit of the capital subscribed. The profits, risks and losses of the Cooperative venture company shall be shared by the parties in proportion to their contributions to the registered capital. Chapter 4 The Purpose, Scope and Sca
6、le of Production and BusinessArticle 6 The productive and business scope of the Cooperative venture company: frozen aquatic products; processing and marketing; aquaculture; provide maintenance service after the sale of the products; study and develop new products.Article 7 The production scale of th
7、e Cooperative venture company: The annual processing capacity is 2000 tons of aquatic Products.Chapter 5 Total Amount of Investment and the Registered CapitalArticle 8 The total amount of investment of the Cooperative venture company is 600 thousand U.S. dollars.Article 9 The registered capital of t
8、he joint venture company is 300 thousand U.S. dollars . (Party A 180 thousand U.S. dollars, accounting for 60% ; Party B 120 thousand U.S. dollars, accounting for 40%.)Article 10 Party A and Party B will contribute the following to the cooperative venture: cash 180 thousand U.S. dollars cash 120 tho
9、usand U.S. dollarsThe cash by Party A and Party B shall be for the use of the cooperative venture company within 3 monthes after the approval of the contract.Article 11 In case any party intends to assign all or part of his investment subscribed to a third party, consent shall be obtained from the o
10、ther party , and approval from the examination and approval authority is required .When one party assigns all or part of his investment, the other party has preemptive right .Chapter 6 Responsibilities of Each Party to the Joint Venture.Article 12 Party A and Party B shall be respectively responsibl
11、e for the following matters:Responsibilities of Party A:1. Providing cash, in accordance with the provisions of Article 9 and 10.2. Handling of applications for approval, registration, business license and other matters concerning the establishment of the cooperative venture company from relevant de
12、partments in charge of China;3. Processing the application for the right to the use of a site to the authority in charge of the land;4. Organizing the design and construction of the premises and other engineering facilities of the cooperative venture company;5. Assisting the cooperative venture comp
13、any to process import customs declaration for the machinery ;6. Assisting the cooperative venture company in purchasing or leasing equipment, materials, raw materials, articles for office use, means of transportation and communication facilities etc.;7. Assisting the cooperative venture in recruitin
14、g Chinese management personnel, technical personnel, workers and other personnel needed;8. Assisting foreign workers and staff in applying for entry visas, work licenses and handling their travel procedures;9. Responsible for handling other matters entrusted by the cooperative venture company.Responsibilities of Party B:2. Handling the matters entrusted by the cooperative venture company, such as selecting and purchasing machinery and equipment outside China, etc.;3. Assisting the
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