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JOINT VENTURE AGREEMENT

The parties, NAME OF PARTY of, City of NAME OF CITY, County of NAME OF

COUNTY, State of NAME OF STATE, and NAME OF PARTY of, City of NAME OF CITY,

County of NAME OF COUNTY, State of NAME OF STATE, by this agreement mutually

agree to engage in and carry on, as joint venturers, DETAILS OF JOINT VENTURE for profit

at City of NAME OF CITY, County of NAME OF COUNTY, State of NAME OF STATE.

In consideration of the mutual covenants in this agreement, the parties agree as follows:

1. SCOPE AND DESCRIPTION:

By this agreement, the parties shall create a joint venture to DETAILS OF VENTURE.

The joint venture shall be conducted under the name of NAME OF JOINT VENTURE, with its

principal place of business at STREET ADDRESS OF JOINT VENTURE, City of NAME OF

CITY, County of NAME OF COUNTY, State of NAME OF STATE.

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2. CONTRIBUTIONS:

NAME OF PERSON will contribute the amount of LIST AMOUNT Dollars $LIST

AMOUNT to the joint venture for the purpose of PURPOSE OF JOINT VENTURE.

NAME OF OTHER PERSON will contribute the amount of LIST AMOUNT Dollars

$LIST AMOUNT to the joint venture for the purpose of PURPOSE OF JOINT VENTURE.

3. CONDUCT OF VENTURE:

NAME OF PERSON shall be responsible for the management and operation of the joint venture

and shall devote AMOUNT OF TIME OR HOURS DEVOTED TO JOINT VENTURE to it.

In carrying out such responsibility NAME OF PERSON shall be responsive to the policies

established and agreed upon by the parties, which may be modified from time to time by mutual

agreement of the parties. However, NAME OF PERSON shall have the authority, without the

need to obtain approval of NAME OF OTHER PERSON to DESCRIBE ACTIVITY OR

ACTIVITIES, NAME OF PERSON shall be liable to the joint venture for all losses or

liabilities incurred by his willful or negligent conduct.

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