EXCLUSIVE TELECOMMUNICATIONS STRATEGIC COOPERATION AGREEMENT
Between FUNDACION REUNION DE ADMINISTRADORES, domiciled at Xxxxxx Xxxxxxxxxx
331,1st floor, Capital Federal, represented by its President, Xx. Xxxxx X.
Xxxxxxxxx, Federal Identification Document #8.442.096 (for the purposes of
this agreement "FRA") and REALTEL DE ARGENTINA S.A., domiciled at Rivadavia
000, 0xx Xxxxx, Xxxxxx 000, Xxxxxxx Xxxxxxx represented by its President,
Xxxxx Xxxxxxxx, Passport #1.484.432-9 (for the purposes of this agreement
"REALTEL"), agree to subscribe this Exclusive Strategic Cooperation Agreement
(the "Agreement"):
IN CONSIDERATION THAT:
FRA, an institution dedicated to promoting the highest level of
professionalism in the administration of properties, has recognized the
importance of a judicious and informed management of the new technologies
dedicated to telecommunication services of all types and their respective
infrastructures.
FRA recognizes and affirms in accordance with its statutory objectives of
informing, promoting and perfecting all types of condominium properties, its
most important goals are: the education, protection and information of all
properties managers, co-owners and other property occupants as well as their
suppliers, service providers and related professionals with the condo
community.
FRA demands of its membership and associates, at all times, strict
compliance, at all times of all rules and regulations, as prescribed and code
of ethics of the Condominium Property Managers, approved at the 8th
Convention of Condominium Managers of the Republic of Argentina, and the
"IRAM" Argentinean Norms for the Management of Condominium Properties.
FRA recognizes that the new, services, infrastructure and activities related
to telecommunications constitute a highly specialized and rapidly changing
field.
FRA must be prepared to assist its membership and associates in all aspects
related to new requirements and obligations inherent to these new activities,
including but not limited to permits, authorizations, plans, licenses,
insurance, ecological impact, etc.
FRA has carried out an exhaustive search for potential strategic alliances,
impartial in nature, without conflict of interest with telecommunications
service and technology providers and, having analyzed RealTel's local and
international background, and recognizing that it is the only (FIRM) of its
kind and the best possibility of rendering quality services in its field, has
selected (RealTel) to subscribe this master agreement.
REALTEL is a service company exclusively dedicated to promoting the
utilization of real estate property of all types for the installation of
telecommunications equipment, infrastructure and related activities, which
interest are clearly identified with the landlords and occupants.
REALTEL promotes the utilization of properties under contract both in
Argentina as well as overseas, on a permanent basis without cost to the
landlord.
REALTEL operates with absolute independence when selecting one or more
service providers to enable each property to receive the best and most
complete range of telecommunications services at reasonable prices.
BECAUSE OF THE ABOVE, and recognizing the benefits that this Agreement
provides to both parties, FRA and REALTEL agree to carry out the following
tasks, which may be expanded and/or modified;
FRA will promote the contracting of all properties managed by its membership
and associates to the RealTel Grid.
FRA will invite REALTEL to participate in all the different events it
sponsors.
REALTEL will promote, on a preferential basis, the utilization of properties
managed by members of FRA which have signed up with the RealTel.
REALTEL will provide impartial technical assistance regarding
telecommunication technologies, services and infrastructure.
REALTEL will keep FRA timely informed regarding service providers that have
expressed an interest in participating in the Argentinean market.
REALTEL is responsible for checking all infrastructure and new service
installations in the properties introduced by FRA, signed up with the RealTel
Grid, regarding structural plans, municipal permits, "CNC"
(Telecommunications Authority), Air Force and/or any other requirements that
may be implemented in future legislation.
REALTEL will demand and control the insurance coverage, on the part of the
service providers and in favor of the landlords, during the building
(construction) period and/or deployment and/or installation, during the term
of the contract, until removal at the end of the contract term, in regards to
all properties under contract with RealTel's grid.
It is mutually agreed that this Agreement will be effective on this date, for
a period of five years, automatically renewable for equal terms, unless one
of the parties refuses the renewal with 30 (thirty) prior to expiration.
City of Buenos Aires, Republic of Argentina, on the 18th month of February,
2000.
/s/ Xxxxx Xxxxxxxxx /s/ Xxxxx Xxxxxxxx
FUNDACTION REUNION DE ADMINISTRADORES REALTEL DE ARGENTINA SA
XXXXX XXXXXXXXX XXXXX XXXXXXXX
PRESIDENTE PRESIDENTE
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