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1. Investment Purpose:
Investors are contributing funds to Rabigh Oil Ventures to support its business activities, including oil exploration, extraction, refining, and distribution.
2. Investment Type and Capital:
The investment is for a specified amount and grants the investor a certain equity stake, profit-sharing percentage, or other agreed-upon financial instrument in the company.
The company's capital is divided into a specific number of shares, and the investor's share is a proportional part of this.
3. Investor Rights and Responsibilities:
Voting Rights: The investor may have voting rights on company matters, as defined by their ownership percentage.
Access to Information: Investors will receive regular financial reports, including annual and quarterly statements.
Liability: Investor liability is limited to the amount of their initial investment. Investors are not personally liable for the company's debts or obligations.
4. Company Obligations:
The company will operate in good faith and with transparency.
The company will provide regular reports on its financial performance and operational status.
The company will comply with all relevant industry regulations and environmental standards.
5. Dividends and Returns:
The distribution of profits, or dividends, will be at the discretion of the Board of Directors, based on the company's financial performance and future plans.
The terms for any potential buyout or exit strategy for investors will be outlined.
6. Termination of Agreement:
This agreement may be terminated by mutual consent or under specific conditions, such as a major company restructuring or dissolution.
The terms for the buyback of shares, if applicable, would be defined here.
7. Governing Law and Dispute Resolution:
This agreement is governed by the laws of a specified jurisdiction (e.g., the Kingdom of Saudi Arabia).
Any disputes will be resolved through arbitration or in the courts of the specified jurisdiction.
8. Risk Acknowledgment:
Investors must acknowledge and understand the inherent risks associated with investing in the oil and gas sector, including market volatility, commodity price fluctuations, regulatory changes, and environmental risks.