Exhibit 10.76
Approved
Head of the Administration
Xxxxxx Xxxxxxxx area
/s/ Yu. X. Xxxxxxxxx Xx.X. Xxxxxxxxxx
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May 30, 2001
SUPPLEMENTAL AGREEMENT TO THE TIMBER LEASE AGREEMENT
AS OF SEPTEMBER 20, 2000 SIGNED BY KERBINSKIY LESKHOZ
AND JSC "FOREST-STARMA"
In accordance with the Minutes #14 as of September 14, 2000 of the
meeting of the forest use committee as well as Letter # 8 10 1478 as of February
28, 2001 of Administration of the Khabarovsk Territory, the parties by mutual
consent include in the Timber Lease Agreement as of September 20, 2000, clause
8.1, the following amendments.
JSC "FOREST-STARMA" IS OBLIGATED:
- To annually provide the citizens of Herpuchi village and Oglonghi village with
firewood for prices approved by the administration of area.
- To purchase three PCs for the school at Xxxxxx Xxxxxxxx village within the
year of 2000.
- To follow the requirements of fire security regulation in the forests, felling
rules and other normative documents concerning forestry felling system.
- To take necessary measures for complete and rational use of all available
exploitable timber inventory including broadleaved species.
- To develop a project of organization of principal felling and forestry at the
leased territory within one year, carry out an ecological expertise and approve
it in accordance with the procedure.
- To fulfill forest regeneration, fire-prevention, forestry and other kind of
work in accordance with conditions of Timber Lease Agreement and annually fixed
volumes.
- To organize places of concentration of fire-prevention equipment and
fire-fighting tools at the forest site in accordance with the regulations, and a
fire-fighting team consisted of twelve company's workers.
- To participate in social and economic development of Xxxxxx Xxxxxxxx area in
accordance with the agreement signed by the administration of the area.
- To participate in development of fire-damaged forests and forest regeneration
within the forest areas damaged by the fires.
- To provide a portion of timber processing or its delivery for the processing
in volume of no less than 30 per cent until the end of 2001 and no less than 50
per cent from the beginning of 2002.
- To construct logging roads in accordance with the standards and participate in
development of infrastructure of lumber industry unit.
Director Xxxxxxxxx Xxxxxxx Acting General Director of JSC "Forest-Starma"
/s/ N.M. Ryabov /s/ V.A. Limarenko
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N.M. Ryabov V.A. Limarenko
"30" May 2001 , 2001
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