CONSTRUCTION JOINT VENTURE AGREEMENT
THIS AGREEMENT is made this First day of __________, 2010, by and between XYZ
ENGINEERING, INC., a California Corporation ("XYZ"), whose principal business address
is___________, California, and QRT, INC., a California Corporation ("QRT"), whose principal
business address is ______________, California. XYZ and QRT are collectively, "the Joint
Venturers" and by this agreement mutually agree to engage in, undertake and carry on, as joint
venturers, certain public and/or private sector construction projects and any profits derive from and
any liability for losses arising out of the performance, be defined by an agreement in writing:
THEREFORE, it is agreed as follows:
1. FORMATION OF JOINT VENTURE
The joint venturers hereby constitute themselves as joint venturers for the purpose of
performing and completing the certain public and/or private sector construction projects,
("Construction Contract"), attached hereto as schedule "A" and for no other purpose. From time to
time upon written consent of all joint venturers, joint venturers may include new projects to their
2. NAME OF JOINT VENTURE
The Construction Contracts shall be entered into the names of the Joint Venturers, and shall
be known as JV. JV shall apply and obtain Contractor License under JV, prior to entering into any
construction agreement or perform any construction work.
3. JOINT AND SEVERAL OBLIGATIONS
The obligations under the Construction Contract shall be joint and several.
4. DURATION AND TERMINATION
This agreement shall remain in full force and effect until all the purposes for which this
venture has been undertaken have been accomplished and completed or until _____________, 2011,
whichever comes first.
5. PLACE OF BUSINESS
The principal place of business of the joint venture shall be at ________________ California,
or at such other place as may from time to time be agreed upon by the Joint Venturer.
6. FICTITIOUS BUSINESS NAME STATEMENT
The joint venture shall comply with applicable laws regarding the filing of notices with
respect to the use, continuation of use and discontinuation of use of its fictitious business name.
7. INTERESTS OF THE JOINT VENTURERS
The interest of the Joint Venturers in and to the Construction Contract, and in and to any and
all property and equipment acquired in connection with the perform ance thereof and in and to any
and all moneys which may be derived from the performance thereof and the obligations and