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.

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<== попередня сторінка	\|	наступна сторінка ==>
FORMATION OF JOINT COMPANY	\|	MANAGEMENT OF JOINT COMPANY

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