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EXHIBIT 10.3
JOINT VENTURE RUSSIA-GERMANY
Temillino-0, Xxxxxxxxx Xxxxxxxx
Xxxxxx Xxxxxx, Xxxxxx 140070
[DENTOMAL LOGO] Telephone (Moscow): 000-00-00
Fax (Moscow): 000-00-00
Telex: 206125 DIAM SU
Cable: 206786 (For Russia only)
________________________________________________________________________________
Your No.: ____________
Your Date: ____________
Our No.: ____________
Our Date: ____________
LETTER OF AUTHORIZATION
This letter is to certify that the "BAVARIAN DENTAL INSTRUMENTS INC."
is the sole initial U.S. Distributor of Dental Burs, manufactured by
JV "DENTOMAL."
The "BAVARIAN DENTAL INSTRUMENTS INC." is authorized to list Dental
Burs with FDA on behalf of JV "DENTOMAL" and maintain Historical
Listing File.
/s/ V.A. Serebriakov
------------------------------
V. A. Xxxxxxxxxxx
General Director
JV "DENTOMAL"
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JOINT VENTURE RUSSIA-GERMANY
Xxxxxxxxx-0, Xxxxxxxxx Xxxxxxxx
Xxxxxx Xxxxxx, Xxxxxx 140070
[DENTOMAL LOGO] Telephone (Moscow): 000-00-00
Fax (Moscow): 000-00-00
Telex: 206125 DIAM SU
Cable: 206786 (For Russia only)
________________________________________________________________________________
Your No.: ____________
Your Date: ____________ To: BAVARIAN DENTAL INSTRUMENTS, Inc.
000 Xxxxxxxx Xxxx., #000
Our No.: ____________ Westlake Village, California 91362, USA.
Our Date: December 25, 1995
DECLARATION OF EXCLUSIVE RIGHTS.
This is to confirm that BAVARIAN DENTAL INSTRUMENTS Inc., the US Company, has
an exclusive rights to market and sell JV ""DENTOMAL", the Russian Company's
manufactured products - Dental Diamond Burs (FG type 3) for the North and South
America's following countries:
North America South America
------------- -------------
United States of America Venezuela
Canada Colombia
Mexico Peru
Guatemala Bolivia
Honduras Paraguay
Nicaragua Brazil
Costa Rica Argentina
Panama Chile
This exclusive authorization is JV "DENTOMAL," contractual commitment and valid
for 3 (three) years from the date this document is signed.
By signing this document JV "DENTOMAL," Company guaranties not to market nor
sell the Company's products directly and/or indirectly through any Person,
Distributor, Importer or Organization for North and South American markets.
Should no orders are placed by BAVARIAN DENTAL INSTRUMENTS, Inc. within
consecutive 6 (six) months this document is no longer in force. This
Declaration of exclusive rights enters into force from the date of
confirmation of the first order for products.
/s/ V.A. SEREBRIAKOV
------------------------------ [SEAL] 25.12.95
V.A. Xxxxxxxxxxx
General Director
