The Joint Venturers have agreed to make contributions to a common fund for the purpose of acquiring and holding: _________________________________________________________ ___________________________________ called the business interest. The Joint Venturers consider it advisable to acquire and to hold their business interest through a nominee so as to avoid the necessity of numerous separate agreements, to maintain the legal title to the business interest in a simple and practicable form, and to facilitate the collection and distribution of the profits accruing under the business interest, and __________________________________ has agreed to act as nominee of the Joint Venturers with the understanding that he is also acquiring a participating interest in this joint venture on his own account, 
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