Joint Venture Equity Partnership Agreement

Joint Venture Equity Participant Agreement

Complete this form to formalize your participation in a joint venture, review the terms and conditions, specify your contributions, define the payout methodology, and allow you to submit your initial deposit and / or final installment.
Joint Venture Equity Participant (JVEP) Information

Please provide your full legal name and contact details.
Full Name*

First NameLast Name
Email Address*
example@example.com
Phone Number*
Please enter a valid phone number.
Home Address*

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code
Capital Contribution Details

Indicate your intended capital contribution amount to the Joint Venture Ownership Pool (JVOP) selected.
Select the Joint Venture Ownership Pool (JVOP) you wish to participate in.
You may choose only one option per submission. To contribute to another JVOP, start a new form.
Number of Royalty Units (RU's) being Reserved*
The minimum number you can subscribe to is 1 RU and only whole unit numbers are acceptable. Maximum is 150 where available.
Total Capital Contribution Amount (CAD)*
The current price per RU is $2000 CAD. Multiply that by the number of RU's being reserved to get the total CCA in Canadian Dollars.
Royalty Income Allocation

Please check each box to acknowledge that you understand and agree to each clause as stated..
Acknowledgement of Royalty Income Allocation Methodology*
JVOP, Equipment Lifespan, and JVOP Exit Strategy

Please check each box to acknowledge that you understand and agree to each clause as stated.
Acknowledgement of JVOP, Equipment Lifespan, and JVOP Exit Strategy*
Joint Venture Risk Acknowledgement

Acknowledge your understanding of the risks involved in this joint venture.
1. As with any business, Joint Ventures (JV) also come with risks of failure, up to and including total loss of capital.
2. The idea of the JV is to spread the risk around many Joint Venture Equity Participants (JVEP) to minimize the loss to any one participant.
3. The Joint Venture Ownership Pool (JVOP) is a managed pool of capital collected from numerous JVEP's that is designed to further spread the risk of underperforming assets (in this case the rental of e-bikes to local residents and tourists within a predefined operating theatre). The rental frequency of each particular e-bike is shared prorata by each JVEP thereby spreading the revenue for all bikes equally amoungst all JVEP's and thus minimizing risk, and maximizing the potential reward.
4. JVEP's assume no liability in the JVOP operation since they are limited only to receivng the benefit of equity payouts from the JVOP's net rental receipts.
5. JVEP's have no ownership in the equity or title of the equipment owned by the JVOP.
6. JVEP's have no control over the day-to-day operation of the JVOP.
7. JVEP's may assume various roles in the JVOP as independant marketers, advertisers, promotors, maintenance technicians, bike managers, hoteliers, retail chargepoint operators, etc.. These roles can be either gratuitous for the benefit of the JVOP or for profit where contracted for by way of a separate operational agreement.
I acknowledge and accept the risks associated with this joint venture, including potential total financial loss of my capital.*

I acknowledge and accept the risks and benefits of this Joint Venture and state that I have conducted sufficient due diligence to approve this agreement.
Terms and Conditions Agreement

Please review and accept the terms and conditions of this joint venture participation opportunity.
1. JVEP's agree to make a non-refundable deposit of $500 per RU when subscribing to the JVOP of their choice. These funds will be used by the JVOP Manager to initiate various start-up costs needed to launch the JVOP regardless of whether or not the JV is successfully launched.
2. Once the minimum number of JVOP RU's has been subscribed to (currently set at 100 units which represents the minimum container load of e-bikes and accessories from our supplier), the JVOP Manager will notify each RU holder of the need to pay the balance of the RU within 5 days.
3. Once all funds have been collected, the JVOP Manager will proceed to place the order for the number of e-bikes represented by the RU's subscribed to at the rate of one e-bike per RU.
4. Failure to complete the RU purchase by the JVEP within 5 days will constitute the forfeiture of the deposit and allow for other JVEP's to subscribe to the RU allocation.
5. Should the minimum number of RU's needed to fill a container load order not be reached within a reasonable time as determined solely by the JVOP Manager, it may at its discretion and in increasing order of severity:
  1. proceed with the order for a smaller container with a higher per unit shipping cost,
  2. seek additional RU purchases from the current JVEP's in the JVOP,
  3. delay the launch until additional RU's are subscribed to by other JVEP's, or
  4. cancel the launch of the JVOP for lack of capital and return all monies to the JVEP less the non-refundable deposits.
I would like to pay my deposit and / or my final installment by"

Credit CardE-transfer (email address will be provided)Wire Transfer (transit info will be provided)Bank Draft (payment info will be provided)Other
Signature*

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Capital Contribution Payment

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My Order

Joint Venture Ownership Pool Royalty Unit

The Initial Deposit is a Non-Refundable Capital Contribution required to join the joint venture. The Final Installment is the balance owed on the Royalty Unit purchase. You may choose to pay for both now.

$500CAD QuantityInstallment Options

Total

$0.00CAD

Credit Card

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Joint Venture Equity Participant Agreement

Joint Venture Equity Participant (JVEP) Information

Capital Contribution Details

Royalty Income Allocation

JVOP, Equipment Lifespan, and JVOP Exit Strategy

Joint Venture Risk Acknowledgement

Terms and Conditions Agreement

Capital Contribution Payment

Credit Card