EXHIBIT 10.15
CONTRACT
OF PURCHASE AND SALE OF THE SHARE IN AUTHORIZED CAPITAL STOCK
Limited Liability Company "Region"
Kurgan 25 May, 2004
LIMITED LIABILITY COMPANY "REGION", - 1024500514598, legal address:
Russian Federation, Kurgan province, Lenin street, 27/X, hereinafter referred to
as the Seller, in the person of director Alexander Efimovich Rochev, on the one
part, and SIBERIAN ENERGY GROUP INC. 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx XX
00000, hereinafter referred to as the Buyer in the person of chairman Xxxxx
Xxxxxx, on the other part have concluded the present contract as follows:
1. SUBJECT OF THE CONTRACT
1.1. In compliance with the present contract the Seller is to hand over into the
ownership of the Buyer, and the Buyer is to take and pay the share of
charter capital of the limited liability company "Zauralneftegaz", the main
state registration number (MSRN) 10245005113950, record in the united
public register of the juridical persons dated October, 28, 2002, on terms
stated in the present contract. The above mentioned share is 49% (forty
nine percent) of the charter capital of LLC "Zauralneftegaz" worth 4,900
rubles and is owned by the Seller on the right of property (hereinafter -
"Share").
1.2. The Contract Sum is 172 $US, which is transferred to the dollar account of
the Seller after receiving the appropriate permission to settle the
currency transaction.
2. PARTY LIABILITY
2.1. The Seller is to:
2.1.1. Register the corrections in the articles of the LLC "Zauralneftegaz" in
the state structure registering juridical persons in accordance with
established procedure within 10 (ten) days from the date of payment for the
Share by the Buyer, and the Seller's consent to transfer his Share of
charter capital to the Buyer, in compliance with the present Contract.
2.2. The Buyer is to:
2.2.1. Pay the share of the authorized capital stock of LLC "Zauralneftegaz".
3. CONFIDENTIALITY
3.1. The Seller and the Buyer will keep confidentiality on any matter concerning
the conclusion and the execution of the liabilities under the present
Contract
4. DISPUTE SETTLEMENT
4.1. All disputes and difficulties which may arise under or in connection with
this Contract will be settled to the utmost between the parties through the
process of negotiations.
4.2. If the parties are unable to come to an agreement, the case has to be
settled in the arbitrage court of Kurgan province.
4.3. The corrections and amendments to the present Contract carry legal effect
only if they are made in the form of the additional agreement to the
present Contract and are signed by the parties of the present contract.
5. TERMS OF THE CONTRACT
5.1. The Contract is operative as from the day of its signing by the Companions
and will be valid for the period till the fulfillment of the obligations of
the parties under the present Contract.
5.2. In accordance with the mutual consent of the parties the Contract may be
cancelled during its validity. The denouncement of the contract must be in
written agreement of the parties.
5.3. One-side cancellation of the fulfillment of the obligations of the present
Contract is not allowed.
6. OTHER TERMS AND CONDITIONS.
6.1. The Contract is made up in three copies equally authoritative one copy for
each party, and the third copy goes to state department responsible for
registering the amendments in the articles of LLC "Zauralneftegaz".
6.2. All amendments and additions to the present Contract are its integral part
and valid only if made in writing and signed by each party.
6.3. If any matter occur which is not stipulated in the present Contract, the
parties follow the current legislation of the Russian Federation.
Buyer: SIBERIAN ENERGY GROUP INC.
000 Xxxxxxx Xxxxxx,
0xx Xxxxx Xxx Xxxx XX 00000
Seller: LLC "REGION"
Xxxxxx, 000000
Xxxxxx xxxxxxxx,
Xxxxxx, Xxxxx Xxxxxx, 00\'
Buyers:/s/ Xxxxx Xxxxxx stamp here
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Xxxxx Xxxxxx, Chairman
Sellers: /s/ Alexander Efimovich Rochev
Alexander Efimovich Rochev: Director
stamp here
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