JOINT VENTURE AGREEMENT DRAFT Agreement No: JVA-2026-001 Date: June 1 2026 PARTY 1: TechNova Inc Mumbai Maharashtra India PARTY 2: GreenPath Ltd Pune Maharashtra India 1. RECITALS 1.1 TechNova Inc is a technology company specializing in SaaS product development. 1.2 GreenPath Ltd is an environmental solutions company providing funding. 1.3 Both parties form this joint venture to build an environmental tracking SaaS platform together. 1.4 Both parties confirm mutual intent to be fully bound by this agreement. 2. DEFINITIONS 2.1 Joint Venture: The business collaboration formed by TechNova Inc and GreenPath Ltd. 2.2 Venture Purpose: To develop and commercialize an environmental tracking SaaS platform. 2.3 Capital Contribution: Funds and resources contributed by each party at formation. 2.4 Net Profit: Revenue remaining after all venture expenses are deducted. 2.5 Dissolution: Formal winding up of all joint venture business and affairs. 3. FORMATION 3.1 Joint venture formally established as TechNova-GreenPath Environmental Platform. 3.2 Principal place of business: Mumbai India. 3.3 Venture becomes operational June 1 2026. 3.4 Formed solely for the purpose described and no other purpose without unanimous written consent of all parties. 4. PURPOSE AND SCOPE 4.1 Build and launch environmental tracking SaaS platform for businesses in India. 4.2 Operations limited to India initially. 4.3 Activities outside India require written unanimous consent from all parties. 5. DURATION 5.1 Start Date: June 1 2026. 5.2 Initial Duration: 3 years. 5.3 Extension requires mutual written agreement from all parties only. 5.4 Automatic termination upon completion or mutual written agreement to dissolve. 6. CAPITAL CONTRIBUTIONS 6.1 TechNova Inc: Technology and development infrastructure valued at INR 3,000,000. 6.2 GreenPath Ltd: Cash funding of INR 2,000,000 upon agreement signing. 6.3 Total capital: INR 5,000,000. 6.4 Future capital calls require unanimous written agreement from all parties. 7. OWNERSHIP AND PROFIT SHARING 7.1 TechNova Inc owns 60% of the venture. 7.2 GreenPath Ltd owns 40% of the venture. 7.3 Profits and losses distributed 60-40. 7.4 Distributions made quarterly after review of certified financial statements. 8. MANAGEMENT AND GOVERNANCE 8.1 Management Committee: One representative from each party. 8.2 Routine decisions by relevant party within their defined role. 8.3 Major decisions require majority vote. 8.4 Dissolution requires unanimous consent. 8.5 Deadlocks resolved via mediation first. 9. ROLES AND RESPONSIBILITIES 9.1 TechNova Inc: All technology development, product roadmap, and technical delivery. 9.2 GreenPath Ltd: Business development, client relationships, and marketing. 9.3 Contracts above INR 500,000 require joint written approval from all parties. 10. BANK ACCOUNT 10.1 Single joint venture bank account. 10.2 Both parties have signing authority. 10.3 Transactions above INR 200,000 require dual authorization from both parties. 10.4 Monthly financial reports shared with all parties without exception. 11. INTELLECTUAL PROPERTY 11.1 IP contributed at start remains owned by contributing party respectively. 11.2 All IP created during venture is jointly owned 60-40 by both parties. 11.3 Upon dissolution IP owned jointly until parties agree on transfer or licensing. 12. CONFIDENTIALITY 12.1 All venture information kept strictly confidential by both parties. 12.2 This obligation continues for 2 years after venture ends or party exits. 13. NON-COMPETE 13.1 Neither party may compete directly with the venture during its operation. 13.2 Post-venture non-compete period: 1 year within India after exit or dissolution. 14. DISPUTE RESOLUTION 14.1 All disputes resolved via Arbitration in Mumbai Maharashtra India. 15. GOVERNING LAW 15.1 Laws of Maharashtra India apply to this agreement exclusively. SIGNATURE BLOCK: Party 1: TechNova Inc Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ Party 2: GreenPath Ltd Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ DISCLAIMER: This Joint Venture Agreement was generated by an AI drafting tool for reference and preparation purposes only. It does not constitute legal advice. Always have this reviewed by a qualified attorney before signing or presenting it to any party.