THIS JOINT VENTURE AGREEMENT is entered into on 12 June 2021
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "JV Leader")
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE ("Participant 1")
(3) PARTY_3_NAME whose principal place of business is at PARTY_3_ADDRESS_SINGLE_LINE ("Participant 2")
(4) PARTY_4_NAME whose principal place of business is at PARTY_4_ADDRESS_SINGLE_LINE ("Participant 3")
(A) The JV Leader intends to INTENTION.
(B) PARTY_2_NAME, PARTY_3_NAME and PARTY_4_NAME (along with the JV Leader, each a "Participant", together the "Participants") have agreed to form a joint venture (a) to strengthen economic and technological co-operation to (a) produce and sell PRODUCTS, related products and such other products as are decided by the Participants from time to time, and (b) studying and developing other new products (the products referred to in clauses (a) and (b) above are hereinafter collectively referred to as the "Products").
It is agreed as follows:
1.1 In this Agreement, and in the Recitals and Schedules hereto, the following terms shall (unless the context requires otherwise) have the following respective meanings: