Initial Equity Contributions. The initial equity contribution that both USM and Amyris Brasil shall make to the Company upon its incorporation (the “Initial Equity Contribution”) shall be in the amount of R$ 100.000,00 (one hundred thousand reais), provided that the Company shall also have an authorized capital stock of R$ 61.770.000,00 (sixty-one million, seven hundred and seventy thousand reais), as contemplated by the Bylaws. 4.6.1 Each of USM and Amyris shall subscribe for fifty percent (50%) of the Initial Equity Contribution, in immediately available funds. 4.6.2 Immediately following the incorporation of the Company, the ownership of the Company will be as follows: Shareholder Number of Common Shares Ownership Percentage Amyris 49.998 50% USM 49.998 50%
Appears in 2 contracts
Sources: Joint Venture Agreement (Amyris, Inc.), Joint Venture Agreement (Amyris Biotechnologies Inc)