The Venture shall not engage in any business without the prior written consent of all of the Joint Venturers. The general purposes of the Venture are to buy, sell, own and operate the real property more fully described in Exhibit A attached hereto, including any additions thereto or any other property which may be acquired by the Venture (the “Venture Property”) and to have and exercise all of the powers to engage in any lawful business related or incidental to any of these purposes. The mailing address of the Venture shall be 120 Birmingham, Suite 110-G, Cardiff, California 92007. Additional places of business may be located elsewhere.Īddress. The principal place of business of the Venture shall be 120 Birmingham, Suite 110-G, Cardiff, California 92007. The activities and business of the Venture shall be conducted under the name of “The Havasu Project” in California and under any variations of this name that are necessary to comply with the laws of other states within which the Venture may do business or make investments. For and in consideration of the mutual covenants contained in this Agreement, the Joint Venturers form, create and agree to associate themselves in a joint venture, referred to in this Agreement as the “Venture.” Following the execution of this Agreement, the Joint Venturers shall execute or cause to be executed and filed any documents and instruments with any appropriate authorities that may be necessary or appropriate to comply with all requirements for the formation and operation of a joint venture in the State of California. Fouch and Palomar are sometimes hereinafter severally referred to as a “Joint Venturer” and collectively referred to as the “Joint Venturers.” THIS JOINT VENTURE AGREEMENT is made and entered and effective as of July 7, 2005, between BRENT FOUCH (“Fouch”) and PALOMAR ENTERPRISES, INC., a Nevada corporation (“Palomar”).
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