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Title: |
Partnership Agreement |
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Entities: |
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Date: |
2004 |
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Size: |
15KB total |
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Price: |
$40 |
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ID: |
#1294859 |
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THIS PARTNERSHIP AGREEMENT (Agreement) made and effective this 6/15/2004, by and between the following parties or individuals, referred to in this Agreement as the Partners:
| 1. | Shalom Attia Israeli Passport # 8804844 |
| 2. | Yossi Attia as agent for KSDR LRS, LLC a Nevada Limited Liability Corporation |
The Partners wish to set forth, in a written agreement, the terms and conditions by which they will associate themselves in the Partnership via Atia Projekt d.o.o. a Croatian company
NOW, THEREFORE, in consideration of the promises contained in this Agreement, the Partners affirm in writing their association as a partnership in accordance with the following provisions:
1. Name and Place of Business.
The name of the partnership shall be called ATIA PROJECT d.o.o. (the Partnership). Its principal place of business shall be Pula, Verudela 17, Hotel Histria, until changed by agreement of the Partners, but the Partnership may own property and transact business in any and all other places as may from time to time be agreed upon by the Partners.
2. Purpose.
The purpose of the Partnership shall be to DEVELOP REAL ESTATE PROJECT MAINLY IN PREMANTURA, CROATIA. The Partnership may also engage in any and every other kind or type of business, whether or not pertaining to the foregoing, upon which the Partners may at any time or from time to time agree. Mr. Shalom Atia will be the sole manager of Atia Projekt d.o.o. The intention of the parties is to open an operating office in Pula (including a secretary, office equipment etc.; For now the Partnership involve or may be involve in 5 different adjacent lots in Premantura, where the MIRO lots was not purchase yet. It is agreed that the Company Ceja which own 2 lots will transfer the lots to Atia Project via Franko Cerin Notary Public, and thereafter Ceja as corporation will be owned by Mr. Shalom Atia where KSDR-LRS, LLC will own 0% (zero percents) in Ceja. To remove any doubt, Ceja will be transferred to Mr. Shalom Atia ONLY AFTER THE LOTS WERE TRANSFER TO Atia Projekt d.d.o..
3. Term.
The Partnership shall commence as of the date of this Agreement and shall continue until terminated as provided herein.
4. Capital Accounts.
A. The Partners shall make an initial investment of capital, contemporaneously with the execution of this Agreement, as follows:
| Partners and Capital All necessary Capital contribution needed to the company beside the basic capital that was recorded on 4/22/2004 in Zagreb (when the corporation was incorporated), will be contributed by KSDR-LRS, LLC and will be considered as loans to Atia Projekt d.o.o. to be paid-off back to KSDR-LRS, LLC. To remove any doubt Mr. Shalom Atia will not be require contributing any funds to Atia Projekt. |
| Mr. Shalom Atia will prepare a spreadsheet that will give a projection of cash flow needs to the projects. This spreadsheet after agreed will be initials and then become part of this agreement. |
| The Partners shares in Atia Proekt d.o.o. will be allocated as follows: |
| Shalom Atia 33.33% |
| KSDR-LRS, LLC 66.67% |
| Shalom Atia will make all the necessary documents needed to issue or assume shares to KSDR-LRS, LLC, so KSDR-LRS, LLC will be beneficial owner of 66.67% of Atia Projekt d.o.o. During the time till issuing, Shalom Atia will serve as agent / trustee of KSDR-LRS, LLC for the shares owing by KSDR-LRS, LLC. |
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