StockLogics Joint Ventu re Agreement This JOINT VENTURE AGREEMENT (“Agreement”) is made between 1245093 Ontario Inc. (Managing Partner) and the undersigned (“Joint Venturer Partners”)
Recitals The joint venturer partner(s) (“the undersigned”) have agreed to make contribution(s) to the managing partner (1245093 Ontario Inc.) for the purpose of creating corporations globally that will/could become publicly traded corporations or sold as private corporations or rental of either a private or a public corporation, to be known as the (“business interest”) The “joint venturer(s)” consider it advisable to acquire and to hold their “business interest” through a nominee (see “Power of Attorney”) so as to avoid the necessity of numerous separate agreements, to maintain the legal title to the business interest in a simple and practicable form, and to facilitate the collection and the distribution of profits accruing under the business interest and 1245093 Ontario Inc. (the “Managing Partner”) has agreed to act as nominee for the joint venturer’s with the understanding that he/she/it is acquiring a participating interest in the joint venture on his/her/its own account,
It is therefore Agreed; 1. PURPOSE ; The joint venturers form this joint venture to acquire and hold the “business interest” in common and to provide the finances required to create the “business interest.” To the extent set forth in this Agreement, each one of the joint venturers shall be entitled to profits from the sale, nomination, rental of corporations created by managing partner, and be entitled to expenses thereof in the creation of those said corporations. The joint venturers appoint as their nominee, “the Managing Partner,” whose duty it shall be to hold each of the undivided fractional or parts in the “business interest” when and if this occurs at the request of the purchaser. The managing partner and/or joint venturers will not at any time market/sell/solicit/advertise fractions of any corporations. 2. CONTRIBUT IO N ; The managing partner has acknowledged that it has received from the stated joint venture partner, for the purpose of this joint venture, the sum set out by the undersigned, as payments towards; i/ legal fees to create Joint Venture Agreement