It was also proposed to provide that benefit of this regime shall not apply to an assessee who transfers his share in the project to any other person on or before the date of issue of said certificate of completion. § 2.01(b). The definition of ‘transfer’, inter alia, includes any arrangement or transaction where any rights are handed over in execution of part performance of contract, even though the legal title has not been transferred. Nothing contained in this § 13.11 shall prevent any Party from making such public announcements as such Party may consider necessary in order to satisfy such Party’s legal or contractual obligations, including required filings with the United States Securities and Exchange Commission. Expenses of Joint Venture. From time to time, at the request of Geotec and without further consideration, GreenCoal shall execute and deliver such further instruments and take such other actions as Geotec may reasonably require in furtherance of the Joint Venture. § 7.03. “Code” means the Internal Revenue Code of 1986, as amended, or any successor law, and regulations issued by the IRS pursuant to the Code, or any successor law. These groups and sites that will utilize the Geotec Bio-refining process to develop these reserves. Without limitation of the foregoing, the business of Geotec is acknowledged to include the development, manufacture and sale of coal technology and recombinant protein technology and related technology. “GAAP” means generally accepted accounting principles. The Operator may require a deposit equal to one Month’s Expenses for the Project and will administer the Project Contracts and collect all Revenues on behalf of Ecotec and pay all Expenses on behalf of the Project Company as directed by Ecotec; provided that in no event will the Operator be required to pay any Expenses with its own funds. § 15.01. The Parties agree that with regard to any Site, business contact or lead that is identified by one Party to the other and was not already known by the other Party, that neither of them will circumvent the other Party and attempt to consummate any agreement or business relationship with respect to such Site, business contact or lead outside and to the exclusion of the Joint Venture for financial gain in any manner whatsoever. “Governmental Body” means any of the following: (a) nation, state, county, city, town, village, district, or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign, or other government; (c) governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal); (d) multi-national organization or body; or (e) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature. Both parties would agree on the terms and rules of the joint venture agreement and once the project or activity is done, the joint venture ends as well. THIS MASTER JOINT VENTURE AGREEMENT (“Agreement”) is made by and between Geotec, Inc. (“Geotec”), a Florida corporation maintaining its principal business address at 110 E. Atlantic Ave., Suite 200, Delray Beach, Florida 33444 and GreenCoal, LLC (“GreenCoal”), an Illinois limited liability company that maintains its principal place of business at 257 West Lincoln Avenue, Lewistown, Illinois … Indemnified Parties. Explanation.—For the purposes of this sub-section, the expression—. THIS MASTER JOINT VENTURE AGREEMENT (“Agreement”) is made by and between Geotec, Inc. (“Geotec”), a Florida corporation maintaining its principal business address at 110 E. Atlantic Ave., Suite 200, Delray Beach, Florida 33444 and GreenCoal, LLC (“GreenCoal”), an Illinois limited liability company that maintains its principal place of business at 257 West Lincoln Avenue, Lewistown, Illinois 61542, and is effective as of the last date of execution set forth below. GreenCoal harmless from any such Loss which results from the gross negligence, fraud or willful misconduct of GreenCoal. Without limiting the generality of the foregoing, the Operator shall prepare all requisite accounting reports and interim financial statements of the Project Company, including balance sheets, income statements and statements of cash flows, and shall assist the Project Company in selecting an independent public accounting firm for the purpose of conducting annual financial audit reviews of the Project Company and shall aid in coordinating such audits.