frhc_ex1002





 







EXHIBIT 10.02


 



Certain portions of this exhibit (indicated by “[***]”)
have been omitted pursuant to Item 601(a)(6) of Regulation
S-K.



This exhibit is an English translation of a foreign language
document. The Company hereby agrees to furnish to the SEC, upon
request, a copy of the foreign language document.


 


 



Employment Contract No. 10


 

Moscow                                                                                      
August 11, 2011


 



Beliy Gorod Investment Company Limited Liability Company,
hereinafter referred to as the Company, which sole founder is
Turlov Timur Ruslanovich,
passport of the series [***] issued by the Department of the
Federal Migration Service of Russia [***], living at the address:
[***], concludes this Employment Contract with the sole founder –
Mr. Turlov Timur
Ruslanovich, hereinafter referred to as the
Employee.


 



I. The Subject of the Agreement


 


1.1 The
Employee is accepted as the General Director of Beliy Gorod IC LLC,
thus the Company undertakes to provide the Employee with work of
stipulated function, with working conditions stipulated by the
Labor Code of the Russian Federation, laws and other normative
legal acts, a collective agreement, agreements, local normative
acts containing the norms of labor law, to pay wages timely and in
full amount to the Employee, and the Employee undertakes to perform
the work functions personally and to observe the work rules
applicable in the organization.


1.2
Exercising rights and performing duties the Employee must act in
the interests of the Company. The Employee undertakes to exercise
his rights and perform his labor duties in good faith and
rationally.


1.3
This employment contract is concluded for an indefinite period. The
contract is due to start on August 11, 2011. The date of
commencement of work is August 11, 2011.


1.4
This work is the main one for the Employee.


 



II. Rights and obligations of the parties


2.1 The
Employee has the right:


2.2 For
a properly equipped workplace, the provision of materials and
accessories necessary for the Employee to perform his or her work
duties.


2.3
On-time wages in the amount stipulated hereby.


2.4 For
annual paid leave in accordance with the leaves schedule and weekly
rest.


2.5 For
the social and living benefits in accordance with the Russian
legislation and this present Employment Contract.


2.6 The
Employee undertakes:


2.6.1
To perform duties in good faith:


-
performance of the functions of the sole executive body of Beliy
Gorod IC LLC;


-
general management of the staff, including all organizational
matters;


-
definition of strategy and tactics of the Company's development,
planning;


-
organization and control;


 








 








 






 

 


 


-
organization of work and effective interaction of all structural
units;


-
providing the organization with qualified personnel, management and
improvement of their professional knowledge and
experience;


-
ensuring the fulfillment of labor contracts by employees,
observance of labor discipline and internal labor regulations of
the Company;


-to
exercise of other powers in accordance with the 
Charter and the relevant legislation of the Russian
Federation.


2.6.2
To observe with the internal labor regulations of the
Company.


2.6.3
To observe labor discipline.


2.6.4
While performing labor duties, to observe the norms and regulations
of labor protection, safety and fire safety.


2.6.5
To Take care of the property of the Company.


2.6.6
To keep information that constitutes the official and commercial
secret of the Company.


2.7 The
Company has the right to:


2.7.1
Require the Employee to perform the duties in good faith
hereunder.


2.7.2
Promote the Employee for conscientious and efficient
work.


2.7.3
Take disciplinary action against the Employee for committing
misconduct in accordance with the procedure provided by the labor
legislation of the Russian Federation.


2.8 The
Company undertakes to:


2.8.1
Observe exactly the terms hereof, to pay timely the employee
salary, and resolve issues related to the social welfare of the
Employee.


2.8.2
Provide the Employee with the proper conditions necessary to
perform his duties, provide the Employee with the means, materials
and equipment that are necessary to perform the terms and
hereof.


2.8.3
Ensure conditions for safe and effective work of the Employee,
equip his workplace in accordance with the rules of labor
protection and safety.


2.8.4
Pay the wages and other payments due to the Employee in a timely
manner in accordance with this employment contract.


 



III. Wages, leave, social insurance


3.1 For
the performance of duties stipulated by the terms of this
employment contract, the Employee shall be paid a salary for a
title in the amount of 50,000.00 (Fifty thousand) rubles per month.
The Payment is made by transfer of funds from the Company's current
account to the Employee's account. The change in the amount of
wages is formalized by signing of an appropriate
agreement.


3.2
Annual paid leave to the Employee is set for a period of 28
calendar days.


3.3 In
case of an appropriate insured event the Employee is provided with
the following types of social insurance: benefits in case of
temporary incapacity to work, a benefit related to work injury and
occupational disease, payment of vouchers for treatment and
rehabilitation of employees and their families, and other types in
order and on the terms provided by the current
legislation.


 





The sole founder, General Director Mr. T.R. Turlov
(signature)


 








 






 

 


 



IV. Other terms of employment contract


4.1 The
Employee bears material responsibility for damage caused by his
actions in case of his guilt, as well as on the terms and in the
manner prescribed by the labor legislation of the Russian
Federation.


4.2 The
Parties seek to settle the disputes and disagreements related to
fulfillment of terms and conditions hereof by means of
agreement.


If the
mutually acceptable solution is not achieved, in the manner
prescribed by the labor legislation of the Russian
Federation.


4.3 Due
to all issues that did not find their solution hereunder but
directly or indirectly derived from the relations between the
Company and the Employee thereon, the Parties hereto will be guided
by the provisions of the Labor Code of the Russian Federation and
other relevant regulatory acts of the Russian
Federation.


 


15. the
parties to the contract details:


 



The Company: Location: facility 1, 34/2, Bolshaya Tatarskaya
str., Moscow, 115184


 



The Employee: Mr. Turlov Timur Ruslanovich


Passport
series [***], issued by the Department of the Federal Migration
Service of Russia [***], living at the address: [***],



Qualification certificates:


Series
AI-016 No000289. Qualification of a specialist in the
financial market for brokerage, dealership and securities
management activities.


 


	


The Company

	

   The Employee


	
 

	
 


	
 

	
 


	

/s/ T.R.
Turlov

	

/s/ T.R. Turlov


	

(Mr.
T.R. Turlov owns 100%

	

(Mr.
T.R. Turlov, General Director of


	

of
authorized capital)

	

Beliy
Gorod IC LLC)


	
 

	
 


	

Signature
and company seal

	

Signature


	

Translation
of the company seal:

	
 


	

/
Limited Liability Company, Moscow

	
 


	

PNRN
1107746963785

	
 


	

Beliy
Gorod Investment Company/

	
 







 





The sole founder, General Director Mr. T.R. Turlov
(signature)