Transfer Activities. As soon as practicable after the Effective Date, Bunge Netherlands and Solazyme, Inc. shall perform, or cause to be performed, all acts necessary for the transfer of the quotas of SB Oils, including the following: (a) An amendment to the Articles of Association of SB Oils in the form set forth in Attachment 1, which contemplates the transfers described in Section 3.1, and approving the adoption of such amended Articles of Association and the election of the SB Oils Officers to be elected as of such time; and (b) The respective quotaholders shall subscribe and pay in cash for their respective quotas acquired, as described herein.
Appears in 2 contracts
Sources: Joint Venture Agreement, Joint Venture Agreement (Solazyme Inc)