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1Á¶ DEFINITIONS
2Á¶ APPROVALS BY GOVERNMENTS
3Á¶ FORMATION OF
4Á¶ ASSOCIATED AGREEMENTS
4Á¶ ASSOCIATED AGREEMENTS
5Á¶ MANAGEMENT OF NEWCO
6Á¶ BUSINESS OF NEWCO
7Á¶ FINANCING
8Á¶ TRANSFERS OF SHARES
9Á¶ PAYMENT AND TAXES
10Á¶ CONFIDENTIALITY OF INFORMATION
11Á¶ TERM AND TERMINATION
12Á¶ INTERPRETATION
13Á¶ Representations and Warranties
14Á¶ MISCELLANEOUS
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JOINT VENTURE AGREEMENT
THIS AGREEMENT is entered int
o this [ 1st ] day of [ June, 2008 ] by and between [ X, INC. ] a corporation organized and existing under the laws of the Republic of Korea(hereinafter referred to as "Korea"), with its principal office at [ 159, Samsung-dong, Kangnam-ku, Seoul, Korea ] (hereinafter referred to as "X") and [ Y CO., LTD. ] a company organized and existing under the laws of the State of [ New York, United States of America ], with its principal office at [ 140, 51st, West, New York, N.Y., United States of America ](hereinafter referred to as "Y").
WITNESSETH:
WHEREAS, [ X ] is engaged in
the business of [ promoting the sale and distribution of various goods ] in Korea; and
WHEREAS, [ Y ], which is enga
ged in the business of [ manufacturing and selling the computers and possesses valuable technology, considerable skill and experience relating to the design and manufacture thereof in the United States ]; and
WHEREAS, the parties hereto d
esire to establish a company in Korea, for the principal purpose of [ engaging in the business of manufacturing and selling of the computer ].
NOW THEREFORE, for and in con
sideration of the premises and mutual covenants herein contained, [ X ] and [ Y ] hereby agree as follows:
Section 1.00 DEFINITIONS
When used in this Agreement,
each of the terms set forth in this section shall have the meaning indicated:
1.01 "NEWCO"
The joint stock company to be
incorporated under the laws of Korea by the parties hereto in the manner provided in section 3.00 hereof, and to be known in Korean as "[ NEWCO Chusic Hoesa ]" and in English as "[ NEWCO Co., Ltd. ]".
1.02 "EFFECTIVE DATE"
The date of the signing of th
is Agreement.
1.03 "ASSOCIATED AGREEMENTS"
Those agreements related to t
his Agreement which are to be entered into between or among [ X ], [ Y ] and NEWCO, as the case may be, pursuant to section 4.00 hereof.
1.04 "SHARES"
Those shares of par value com
mon voting stock which are to be issued by NEWCO to the promoters of NEWCO and the parties hereto in exchange for their respective contributions which are to be made pursuant to section 3.00 hereof, as well as any additional shares of the capital stock NEWCO which may be issued from time to time pursuant to section 7.00 hereof or otherwise.
1.05 "AFFILIATE"
Any corporation, other juridi
cal entity, partnership or other business enterprise : (ÀÌÇÏ »ý·«)
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