This non-exclusive, Joint Venture Profit Sharing Agreement(“Agreement”), shall become effective as of July 15, 2019(the “Effective Date”)by and between(XIAMEN A&B CHEMICAL CO., LTD.), represented by xx, Chief Executive Officer and P&G Oil Trading Co,.<br>Ltd, represented by xx, Chief Executive Officer hereinafter referred to individually as a “Party” or collectively as the “Parties.”<br>The parties decide to make joint profits as a result of a commercial promise based primarily on the purchase and sale of Crude oil and Gas and its derivatives, As licensees and authorized to operate in accordance with the legislation of their respective countries, the parties claim to have the necessary skills to market petroleum products and to have, through their activities, suppliers and customers in the same sector.<br>The parties agree that this Non-Exclusive Joint Venture and Profit-Sharing Agreement and Alliance shall be amended, if necessary, upon the respective parties being able to establish a common bank account among a Top 100 World Bank.<br>For the sole purpose of this agreement, this Joint Venture Agreement shall be called “XIASUS” for the purposes of identification and shall be legally named, a “Joint Bank Account” shall be established.<br>WHEREAS, the Parties are engaged in the business of purchasing and trading of Petroleum, Gas and Crude Products.
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