STOCKLOG ICS Power of Attorney See: STOCKLOGICS Joint Venture Agreement The undersigned hereby irrevocably participates in a joint venture partnership, that the managing partner creates new corporations (see “business interest”) and the joint venture participants desires to participate as a partner both potential profits and expenses The undersigned hereby acknowledges that participation in “STOCKLOGICS” and/or a partnership with 1245093 Ontario Inc. (the “managing partner”) is subject to accept by the “managing partner” and/or nominees of the managing partner. The joint venturer must submit in full a cheque representing full payment being honoured upon presentation for payment. The full amount of the cheque will be returned plus interest to the joint venturer if rejected in thirty days of submission by the joint venturer.
In consideration of the Managing Partner accepting this Power of Attorney: 1. The undersigned agrees to be bound as a participant, under the terms set out in the joint venture agreement, and in effect, the undersigned hereby expressly ratifies and confirms the power of attorney given to the managing partner 2. The undersigned hereby irrevocably constitutes and appoints the managing partner, with full power of substitution, as his/her/its true and lawful attorney and agent, with full power and authority in his/her/its name, place and stead to execute and deliver, for and on his/her/its behalf, the sale of the joint venturer’s participation to purchasers of corporations and or rental or corporations and/or portion of those corporations. (At no time will the managing partner, and/or joint venturer sell, market, advertise, solicit, or discuss the sale thereof of any portion of corporations for sale/rent) The power of attorney granted herein and therein is irrevocable and is a power coupled with an interest and survives the assignment by a participant of the while or any part of the interest of each such participant in the joint venture agreement and extends to heirs, executors, administrators, successors, assigns and other legal representatives of such participants, and delivered to the managing partner and may be exercised by the managing partner on behalf of each participant in executing such instrument with a single signature as attorney and agent for the participant. Each participant agrees to be bound by a representation or action made or taken by the managing partner.
Power Of Attorney