Chinese and foreign cooperation company contract English versionBAOLONG AQUATIC CO LTD JOINT VENTURE contract Chapter 1 General Provisions In accordance with the Law of the Peoples Republic of China o

f the Cooperative Venture Company Article 6 The purpose of the Cooperative venture company is to engage in the production, processing, and sales of aquatic products, as well as related services such as technology development, technical consultation, and import and export business. Article 7 The scope of business of the Cooperative venture company includes: 1. Breeding, processing, and sales of aquatic products; 2. Import and export business of aquatic products and related materials; 3. Technical development and consultation in the field of aquatic products; 4. Other businesses approved by the relevant Chinese authorities. Article 8 The initial registered capital of the Cooperative venture company is ###### yuan, which shall be contributed by the parties in proportion to their respective equity interests. Article 9 The scale of the Cooperative venture company shall be determined by the parties in accordance with the relevant Chinese laws and regulations. Chapter 5 Management of the Cooperative Venture Company Article 10 The Cooperative venture company shall have a Board of Directors, which shall be composed of directors appointed by both parties in proportion to their respective equity interests. The Board of Directors shall be responsible for the overall management and decision-making of the Cooperative venture company. Article 11 The Cooperative venture company shall have a General Manager, who shall be appointed by Party A and shall be responsible for the daily operation and management of the Cooperative venture company. Article 12 The Cooperative venture company shall establish and improve its internal management system and shall operate in accordance with the relevant Chinese laws and regulations. Chapter 6 Duration, Termination and Liquidation of the Cooperative Venture Company Article 13 The duration of the Cooperative venture company shall be ## years, starting from the date of issuance of the business license. Article 14 The Cooperative venture company may be terminated in accordance with the relevant Chinese laws and regulations. Article 15 In the event of the termination of the Cooperative venture company, the parties shall liquidate the assets and liabilities of the Cooperative venture company and distribute the remaining assets in proportion to their respective equity interests. Chapter 7 Miscellaneous Article 16 This contract shall become effective upon the issuance of the business license for the Cooperative venture company. Article 17 Any amendment to this contract shall be made in writing and shall become effective only after being signed by both parties. Article 18 Any dispute arising from the implementation of this contract shall be settled through friendly consultation. In case no settlement can be reached, the dispute shall be submitted to the Chinese arbitration authority for arbitration in accordance with the relevant Chinese laws and regulations. Article 19 This contract is made in both Chinese and English, both texts being equally authentic. In witness whereof, the parties have executed this contract on the date first above written. Party A: ######### Party B: ##########