system: You are a contract-analysis assistant performing a span-extraction task. You are given an excerpt from a commercial contract and the name of a clause type to locate within it.

Return the exact text of the requested clause, copied verbatim from the excerpt — identical wording and punctuation, with no paraphrasing, summarising, explanation, or added commentary.

The excerpt is one window of a much longer contract and often will not contain the requested clause. If the requested clause does not appear in this excerpt, respond with exactly: Not found.

Output only the extracted clause text, or the exact string `Not found.` — nothing else.

user: Contract excerpt:
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contribution to the registered capital of the Joint Venture Company shall be Fifteen Million Two Hundred Forty Nine Thousand United States Dollars (US$15,249,000), representing a fifty-one percent (51%) share of the Joint Venture Company's registered capital. Article 32 The Method of Investment Party A's total contribution (US$14,651,000) to the registered capital shall be invested as cash. US$7,000,000 of this contribution is used for the Joint Venture Company's initial purchase of foreign equipment from Party B and the remainder is used for purchase of foreign and domestic equipment, and land use rights and construction of workshops in China. (If the contribution is in RMB, it shall be converted using the median rate for buying and selling for foreign currency announced by the People's Bank of China on the date of investment). Party B's total contribution (US$15,249,000) to the registered capital shall be invested as follows: (1) use of technology in accordance with the Contract for Technology Investment, which is attached hereto as Appendix 2, which the parties agree to be valued at US$5,900,000; and (2) production equipment, in accordance with the Contract for Equipment Investment and Purchase ( Appendix 3 hereto), which equipment the parties agree to be valued at US$9,349,000. (If any part of the contribution is in RMB, the investment shall be converted using the median rate for buying and selling for foreign currency announced by the People's Bank of China on the date of investment). Article 33 The Joint Venture Company's registered capital shall be contributed according to both Parties' proportion of investment. The detailed method, quantity and timing of the contributions are shown in Appendix 1. Page 7 Article 34 No Party shall be obligated to make any contribution to the Joint Venture Company's registered capital if any of the following conditions have not been satisfied or waived in writing by both parties: (1) this Contract and the Articles of Association have been signed by both Parties, and approved by the Examination and Approval Authority without altering their terms and conditions, unless each Party has been notified in advance of and consented in writing to such alterations ; (2) the Business License has been issued without altering the Joint Venture Company's business scope as set forth in Article28, unless each Party has been notified in advance of and consented in writing to such alteration; (3) signature by the parties thereto of all the Contract for Technology Investment, the forms of which are annexed to this Contract and, where required by law, approval or registration of such contracts by the relevant government approval authority without altering their terms and conditions, unless each Party has been notified in advance of and consented in writing to such alterations; and (4) [the Parties have taken those steps necessary for the identification and securing of an operating site suitable for the JV Company's purposes]. Article 35 Each time a Party makes a contribution to the Joint Venture Company's registered capital, a Chinese registered accountant appointed by the Board of Directors shall promptly verify the contribution and issue a capital verification report to the Joint Venture Company. Within sixty (60) days from receipt of the capital verification report, the Joint Venture Company shall issue an investment certificate to such Party in the form prescribed by the Joint Venture Regulations, signed by the Chairman and the Vice-Chairman of the Board and chopped with the Joint Venture Company's chop. Each investment certificate shall indicate the amount of the capital contribution and the date on which such contribution was made, and a copy shall be submitted to the Examination and Approval Authority for the record. The CEO shall maintain a file of all capital verification reports and copies of all investment certificates that have been issued to the Parties. Article 36 Any increase in the registered capital of the Joint Venture Company shall require the written consent of each Party and the unanimous approval of the Board of Directors. All increases in registered capital must be approved by the Examination and Approval Authority in accordance with relevant law. Page 8 Article 37 Unless it obtains written consent of the other Party and approval of the Examination and Approval Authority, no party to this Contract can transfer all or part of its interest in the registered capital of the Joint Venture Company to a Third Party. Each Party agrees promptly to take all actions and to sign all documents, and to cause its appointees on the Board of Directors promptly to take all actions and sign all
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Extract the exact clause related to "License Grant" from the excerpt above.