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SUBSCRIPTIONS TO CAPITAL OF JOINT COMPANY

The parties hereto hereby subscribe to such capital stock of the Joint Company in equal amounts.

(a) In payment for the shares of the Joint Company to be acquired by American Company, American Company shall, at the time of incorporation of the Joint Company transfer to the Joint Company:

(i) $________, American currency in cash.

(ii) The machinery and equipment set forth in Exhibit В annexed hereto, which machinery shall become the sole property of the Joint Company, free and clear of all liens, charges and claims of any kind whatsoever.

(b) In payment of the shares of Joint Company to be acquired by Foreign Company, Foreign Company shall, at the time of incorporation of the Joint Company transfer to the Joint Company:

(i) (Amount in specified currency) in cash.

(ii) The absolute title, free and clear of all liens, charges and claims of any kind whatsoever, to the real property and all buildings and other structures thereon, including all fixtures, equipment and machinery located therein, situated at (address or other description), which said real property, buildings, structures, fixtures, equipment and machinery are more specifically described in Exhibit С annexed hereto.

Читайте також:

1. A. What countries is English the first language? Match English-speaking countries with their national flags and capitals.
2. C Complete this extract from a company report with appropriate words or phrases from the box in Exercise B.
3. Choose the correct form of the words in capital letters to fill in the text and you will find out more information about types of legal professions in Russia.
4. Code of conduct. Welcome to our company. Meetings and greetings.
5. Company information.
6. Company law 1
7. Company law 2
8. Company Structures.
9. Company's database — the database which belongs to the company.
10. DIALOGUE. AT THE COMPANY OFFICE
11. England information file: Total population 49 mln. Capital - London. National day - St. George, April 23. National symbols - Red rose, lion, and bulldog. Language - English.
12. Exercise 4. Have a look «it the organizational chart of the company.

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