This Donation Agreement, herein referred to as the “Agreement” dated ______day of ________ 20__ is made between Mind Fuel Management LLC hereinafter referred to
as the “Company” and Associacao Sombra Zero, herein referred to as the “charity”.
In consideration of all the mutual promises contained in this Agreement, of which receipt and
sufficiency are hereby acknowledged, the parties further agree to the terms as follows; –
The Company agrees to donate, and the charity agrees to accept sixty percent (60%) of the
company ownership following the terms and conditions set forth herein. Both parties are
bound to their obligations under this Agreement.
The transfer mentioned above is intended to be a donation regarding sixty percent (60%) of
Mind Fuel Management LLC, hereinafter referred to as “percentage,” to the charity.
The Parties hereby warrant and represent full capacity and authority to execute this
Agreement which shall be proof of the transfer of part ownership and signifying the fulfillment
of this Agreement.
The Company hereby conveys, transfers, and assigns to the charity all the rights to title and
ownership over the sixty percent (60%).
The charity shall have the right to the profits earned by sixty percent (60%) after it accepts
the donation from the Company. Moreover, the charity shall have all the voting rights
attached to the percentage after it accepts the donation from the Company.
If any competent court decrees that any provision of this Agreement is invalid, illegal, or
unenforceable, then the provision shall be deemed to be severed from this Agreement. The
remaining provisions shall remain in full force as though the invalid, unlawful, or
unenforceable provision was not a part of it.
- NON-ASSUMPTION OF LIABILITIES.
It is acknowledged and agreed that the charity will not assume and will not be liable for any
liabilities, debts, or obligations of the Company arising out of ownership or operation of the
Company before and including the date of transfer.
- CONFLICT/DISPUTE RESOLUTION.
Suppose there arises a conflict or issue regarding this Agreement. In that case, parties
hereby agree that the Dispute resolution mechanism will be American Arbitration Asociation
and Commercial Rules of Arbitration governed by the Federal Law and the Federal Act by
written submission only without any physical presence required.
The dispute or claim shall be on an individual basis only, and this Agreement to arbitrate
shall govern all past, present, and prospective interactions between the parties.
Parties hereby agree to waive any rights to; –
a. A trial by Jury
b. Participation in a Class Action Lawsuit or Class action arbitration.
c. Bring an action against the Company in a Court of Law.
The Company shall reimburse the charity up to$300 being the costs used in arbitration as
- GOVERNING LAW.
This Agreement shall be governed by and construed in accordance with the laws of Puerto
No neglect or delay by any party herein in enforcing any provision of this Agreement shall be
deemed a waiver. No exercise of any right or remedy of any party under this Agreement
shall affect the further exercise or enforcement of any such right or remedy.
The liability of any party in this Agreement may in whole or part be released, compounded,
or compromised. If the other party gives time or indulgence to the person under such liability,
this shall in no way prejudice or affect that party’s rights against any other person under the
same or similar liability.
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