Shareholder No. of Shares Amount Payable Shareholding Ratio ----------- ------------- ------------------ ------------------ EBI 6,000 J.Y. 300,000,000 30% OSI 14,000 J.Y. 700,000,000 70% Total 20,000 J.Y. 1,000,000,000 100% The payments for the shares of NEWCO subscribed by each party shall be made by telegraphic transfer remittance to a bank account of NEWCO in Japanese Yen within fifteen (15) days after obtaining the necessary approval of the Japanese government regarding the capital contribution by EBI.
Appears in 2 contracts
Sources: Joint Venture Agreement (Eddie Bauer Holdings, Inc.), Joint Venture Agreement (Eddie Bauer Holdings, Inc.)