Exhibit 10.11
Translation from Russian into English
Contract No.
Chisinau City year 1999
Firm "Estate-Design" SRL, in the person of Director Vinogradschii I.S. acting on
the Statute basis, hereinafter referred to as the Contractor and "Asconi" SRL,
in the person of Director acting on the Statute basis, hereinafter referred to
as the Customer, hereby agree as follows:
1. SUBJECT OF THE CONTRACT
1.1. The Customer entrusts and the Contractor undertakes to produce and deliver
the printed goods. The assortment of the goods is additionally agreed upon
in Annexes (Specifications) to the present Contract.
1.2. Quality of the goods shall be in conformity with the approved patterns.
2. QUALITY OF THE GOODS, TERMS AND CONDITIONS OF SHIPMENT
2.1. Quality and quantity of the shipped goods shall be verified by the
Customer's representative during the shipment.
2.2. Shipment of the goods shall be performed at the Contractor's warehouse.
Transport shall be agreed upon by the parties.
2.3. The terms of fulfillment are according to the Customer's orders.
3. VALUE OF THE GOODS AND TERMS OF PAYMENT
3.1. The price is quoted per each title of the goods and stated in
Specifications.
3.2. The Customer shall perform payment within 5 bank days after the date of
receipt of the goods.
3.3. The Contractor bears all financial expenses in respect to the goods
production.
4. RESPONSIBILITY OF THE PARTIES
4.1. The parties shall bear responsibility under the present Contract according
to the legislation of the Republic of Moldova.
4.2. The validity of the Contract shall be extended by the period of
exceptional circumstances such as: fire, flood, locks-out, riots, state
legal acts that shall be confirmed by relevant certificates of the
Republic of Moldova.
5. DISPUTES SETTLEMENT
5.1. All disputes arisen under the present Contract or in its connection that
can not be settled by the parties shall be referred to the Economic Court
of the Republic of Moldova.
6. OTHER CONDITIONS
6.1. Terms and conditions of the present Contract can be modified providing
mutual agreement of the parties.
6.2. All modifications and supplements to the present Contract come to force
provided that they are made in written form and signed by representatives
of the parties.
Translation from Russian into English
6.3. The present Contract is drawn up in two copies in the Russian language,
one copy for each party.
6.4. The present Contract comes into force upon signing and is valid until the
complete fulfillment of the parties' obligations.
6.5. The present Contract can be prolonged upon the mutual agreement of the
parties.
JURIDICAL REQUISITES AND ADDRESSES OF THE PARTIES
The Customer The Contractor
Firm "Asconi" SRL Firm "Estate-Design" SRL
Chisinau District, Puhoi village Moldova, Chisinau City, 26 Sarmigetusa str.
C/a 22240001016 Clearing account: 222491900499
MFO 280101803 Branch "ONEST" of JSCB Moldindconbank
CB "Universalbank" MFO: 280101319
F/c 231582/6700446 Fiscal code: 5106013
/Vinogradschii I.S/
[SEAL]
This translation has been performed at the translation office "INTACT-SERVICE"
SRL.
