Common use of Contributions of the Parties Clause in Contracts

Contributions of the Parties. 3.1 The Parties to the Joint Venture shall make the following contributions, in cash, real estate, personal property, intellectual property, services, or other in-kind contributions (the ‘Contributed Assets’), in exchange for Shares in the Contributing Assets and Voting Rights as set out below: Party Contributions Value ($) Share / Voting Rights (a) [specify] (b) [specify] (c) [specify] [If using this option, remove the 4th column of the above table.] [The contributions of each Party are deemed to be equivalent in value and the Parties have equal Shares in the Contributed Assets.} 3.2 The Management Committee may call for additional contributions, over and above those set out above, as may be required for the development of the Joint Venture or for making up its losses. [If applicable: The Parties shall (unless otherwise agreed by all Parties) make such contributions in proportion to their Shares in the Contributed Assets. 3.3 If a Party objects to a call for additional contributions or fails to make an additional contribution when called for by the Management Committee, the other Parties may make the contribution of the objecting or defaulting Party. In such case, the Shares in the Contributed Assets shall be adjusted to take account of the difference in contributions and, if differentiated voting rights have been provided in the Agreement, these rights shall be adjusted accordingly. {Optional: A Party which does not intend or is not able to make any additional contribution decided by the Management Committee may withdraw from the Joint Venture pursuant to Article 18. A Party which objects to the additional contribution decided by the Management Committee, or fails to make it, shall be deemed to be in breach of its obligations as per Article 13 and may be excluded from the Joint Venture pursuant to Article 17.] 3.4 Any dispute concerning the valuation of non-pecuniary Contributed Assets (or any adjustment to Shares in Contributed Assets under Article 3.3) shall be resolved pursuant to Article 32, with the valuations (or any adjustments) being made by the Independent Expert appointed pursuant to Article 32.8.

Contributions of the Parties. 3.1 The Parties to the Joint Venture shall make the following contributions, in cash, real estate, personal property, intellectual property, services, or other in-kind contributions (the ‘Contributed Assets’), in exchange for Shares in the Contributing Assets and Voting Rights as set out below: Party Contributions Value ($) Share / Voting Rights: (a) [specify] ] (b) [specify] (c) [specify] [If using this option, remove the 4th column of the above table.] [The contributions of each Party are deemed to be equivalent in value and the Parties have equal Shares in the Contributed Assets.} 3.2 The Management Committee may call for additional contributions, over and above those set out above, as may be required for the development of the Joint Venture or for making up its losses. [If applicable: The Parties shall (unless otherwise agreed by all Parties) make such contributions in proportion to their Shares in the Contributed Assets. 3.3 If a Party objects to a call for additional contributions or fails to make an additional contribution when called for by the Management Committee, the other Parties may make the contribution of the objecting or defaulting Party. In such case, the Shares in the Contributed Assets shall be adjusted to take account of the difference in contributions and, if differentiated voting rights have been provided in the Agreement, these rights shall be adjusted accordingly. {Optional: A Party which does not intend or is not able to make any additional contribution decided by the Management Committee may withdraw from the Joint Venture pursuant to Article 18. A Party which objects to the additional contribution decided by the Management Committee, or fails to make it, shall be deemed to be in breach of its obligations as per Article 13 and may be excluded from the Joint Venture pursuant to Article 17.] 3.4 Any dispute concerning the valuation of non-pecuniary Contributed Assets (or any adjustment to Shares in Contributed Assets under Article 3.3) shall be resolved pursuant to Article 32, with the valuations (or any adjustments) being made by the Independent Expert appointed pursuant to Article 32.8.