Contract Between QR S.r.l. and Mara Tacconi, effective April 19, 2007
Exhibit
10.12
Contract
Between QR S.r.l. and Xxxx Xxxxxxx, effective April 19,
2007
The
appearer requests that I receive this deed by which he declares to nominate
and
constitute as special attorney-in-fact of the company “QR S.r.l.”, Ms.:
-
Xxxxxxx
Xxxx born
at Verona
on
4 July 1955 and residing at Xxx xxx Xxxxx 00, Xxxxxxxxxxx di Verona,
consultant;
that
on
behalf and in the name and interests of the above named company she exercises,
by her sole siognature, all powers relating to administrative and contractual
affairs of the company pertaining to all that which concern dealings with
finance and administrative offices, as well as the drafting, rendering
assistance and representing it in contractual matters, including amongst others,
[powers]:
| - |
to
sign the company’s correspondence ;
|
| - |
to
purchase, dispose of, exchange, sell, transfer any movables, registered
movables, both by sale or exchange;
|
| - |
to
reach settlement of accounts, collect any debts, capital interest or
accessory thereto, issue releases;
|
| - |
to
stipulate and terminate contracts of lease, freight, transport, insurance
and deposit, with widest powers for determination as to their
content;
|
| - |
to
stipulate and terminate contracts for the supply of telephone, electricity
and methane gas utilities;
|
| - |
to
proceed wherever necessary for the obtaining of authorizations, permits,
acknowledgments and administrative concessions required particularly
for
the operation of plant and machinery, commercial activities, customs
transactions, etc.;
|
| - |
to
obtain delivery from the post office, railway administration, banks
and
from all other offices, any registered and/or insured letter, package,
goods, cheques, securities, treasury bonds, to cash cheques of payment
orders drawn on the Bank of Italy and on the State treasury, the finance
administration and all other public administrative entities, to endorse
post office warrants over to Cashiers and Post Offices, to endorse
telegraphic warrants;
|
| - |
to
sign declarations, pay imposts and taxes, file objections and applications
administratively or judicially, to claim grant of tax amnesties and
all
related benefits;
|
| - |
to
enter into and execute discount agreements, dealing with the proceeds
thereof;
|
| - |
to
order and authorize payments and credits in favour of third
parties;
|
| - |
to
issue bills of exchange, draft receipts in respect of payments recovered,
endorse and discount bills of exchange and promissory
notes;
|
| - |
to
make proposals, including irrevocable proposals, stipulate preliminary
agreements, amend, substitute and novate obligations previously undertaken
and accepted in all deeds herein expressly referred
to;
|
| - |
to
grant extensions of time for performance of services due, reductions
in or
remissions of debts;
|
| - |
to
complete, although not mentioned above, all deeds necessary for the
full
exercise of the powers above specified and for the overall accomplishment
of the objectives contemplated.
|
This
power
of attorney is valid and effective for five years commencing from to-day’s date.
By way of consideration for the services rendered there shall be due to the
attorney-in-fact the gross amount of euro 80.000,00 (eighty thousand) per year.
In the event that QR S.r.l. should revoke this power of attorney for any reason
whatsoever prior to expiry of the five years, or in the event that for
whatsoever reason Xx. Xxxx Xxxxxxx, due to causes not directly imputable to
her,
would no longer be the attorney-in-fact of QR S.r.L., QR S.r.l. shall pay to
Xx.
Xxxx Xxxxxxx the gross amount of euros 40.000,00 (forty thousand) per year
for
the period remaining, by way of indemnity for loss of income.
Xxxx
Xxxxxxx
/s/
Xxxx Xxxxxxx
Per
QR
Xxxxxxxxx
Xxxxxxx
/s/
Xxxxxxxxx Xxxxxxx
