Document:

Exhibit 10.61.2

 

Surety Deed  No KT-9/1207 to

AGENCY AGREEMENT No KT-4/1207 dated December 14,
2007

 

	
  Moscow

  	
  December 21, 2007

  

 

Closed Joint Stock Company “New Channel” (OGRN
1047796750880), hereinafter referred to as the “Principal”, represented by its General Director A.E. Rodnyansky,
acting pursuant to the Charter, as the first party,

Closed Joint Stock Company “Video
International Group of Companies”, hereinafter referred to as the “Surety”,
represented by its General Director Mr. S.A. Vasiliev, acting pursuant to
the Charter, as a second party,

Closed Joint Stock Company “Kompaniya TSV” (OGRN 5077746859757), hereinafter referred
to as the “Agent”, represented by
the Deputy General Director V.L. Vshivkin, acting pursuant to the Power of
Attorney without number dated December 3, 2007, as a third party, entered into this Deed as follows

 

1. SUBJECT OF THE DEED

 

1.1. Under this Deed, the Surety agrees to be liable
to the Principal for improper performance by the Agent of any financial
obligations arising out of Agency Agreement No KT-4/1207 dated December 14, 2007 (hereinafter referred to as the “Agreement”) with respect
to:

a) timely transfer to the Principal of the funds
received by the Agent from the advertising clients (sections 4.4. and  4.7. of the Agreement) within the time
periods set forth in the Agreement or provided by law;

b) payment by the Agent of the penalty interest at the
rate of 0.05 % (Five hundredth of percent) from the amount of overdue payment
for each banking day of delay (section 5.2. of the Agreement);

c) payment of the proved lost profits in accordance
with section 5.6 of the Agreement;

d) payment to the Principal of the termination fee
(par. 2 section 9.2. of the Agreement) 
within the time period set forth in the Agreement;

e) timely payment of the guarantee amount obligation
with respect to the amounts overdue from the advertising clients (section 1 of Supplementary Agreement No. 1 dated December 14,
2007) within the time period set forth in Supplementary Agreement No. 1 dated December 14, 2007 to the  Agreement.

 

2. OBLIGATIONS OF THE PARTIES

 

2.1.
The Surety shall be liable to the Principal jointly with the Agent for improper
performance of the Agent’s obligations under the Agreement and Supplementary Agreement No. 1 as listed in section 1.1. hereof
to the same extent as the Agent and within the period of time set forth in the
Agreement and in Supplementary Agreement No.
1.

2.2.
The liability of the Surety shall arise upon non-performance and/or improper
performance by the Agent of the Agent’s obligations under the Agreement and Supplementary Agreement No. 1 as listed in section 1.1. hereof.

2.3.
The Agent shall promptly advise the Surety on all and any failures to perform
its obligations arising out of the Agreement as well as on other circumstances,
which affect the performance of the Agent’s obligations to the Principal.

2.4.
In the event of non-performance and/or improper performance by the Agent of the
obligations to the Principal secured by this Surety, the Principal may at its election
either demand that the obligation be performed by the Agent or the Surety or
enforce the collection from the Surety or the Agent in the manner provided by
law.

2.5.
If the Surety has paid the amounts claimed by the Principal under the
obligation secured by the Surety, the Surety shall assume all rights of the
creditor (the Principal) with respect to the amounts of actually paid claims.
In addition to the amount actually paid to the Principal the Surety shall be
entitled to demand from the Agent the compensation for damages, incurred in
settling of its liabilities.

 

 

1

 

2.6.
The Principal shall be required to deliver to the Surety the documents
evidencing the claims against the Agent and assign the rights underlying such
claims within three days after the performance of the Agent’s obligations under
the Agreement and/or Supplementary Agreement No.
1.

 

3. SURETY TERM AND TERMINATION

 

3.1.
The Surety shall be issued for the entire duration of the Agreement.

The Principal, however, may not present its demand to
the Surety to pay any amounts under section 1.1. hereof after December 31,
2010.

3.2.
The Surety shall terminate:

a)
in respect of the obligations under section 1.1. hereof  if no demand for payment of the respective
amounts is presented to the Surety by the Principal by December 31, 2010;

b) if the Principal refused to accept proper
performance under the Agreement and/or Supplementary
Agreement No. 1 as offered by the Agent or the Surety (this provision
shall apply only in respect of the Surety for a specific obligation of the
Agent, which the Principal has refused to accept and shall not terminate the
Surety Deed in its entirety);

c)
in the event the Agent has properly performed all of its obligations under the
Agreement secured by the Surety; and

d)
in other cases provided by the law.

 

4.
PROCEEDINGS ON DISPUTES BETWEEN THE PARTIES

 

The disputes between the
parties in connection with the performance of the obligations under this Deed
shall be referred to the Moscow Arbitrazh Court.

 

Executed in three counterparts with one for each party.

 

Registered Addresses and bank Details of the Parties:

 

Principal

Closed
Joint Stock Company “New
Channel”

CJSC “New Channel”

Place of Business: 12, 3 Khoroshevskaya Street, Moscow

Mailing Address: 12, 3 Khoroshevskaya Street, Moscow, 123298.

INN 7734517148, KPP 773401001 OGRN
1047796750880

current account  4070281031600000353 with OAO Alfa Bank,

correspondent account  30101810200000000593

with OPERU of Moscow GTU of Bank of Russia

BIK 044525593

Hard Currency Account Details:

Beneficiary: Closed Joint Stock Company “New
Channel”

Beneficiary account: 40702.840.1.01603000083

Beneficiary bank: ALFA-Bank, Moscow, Russia
(107078, Kalanchevskaya st., 27)

 

 

Surety

Closed Joint Stock Company “Video International Group of Companies”

INN 7721132077 OTPH 1027739120254

Registered
Address: 25, Akademika Pavlova Street, Moscow, 121359

Mailing
Addresses: 25, Akademika Pavlova Street, Moscow, 121359

INN
7721097496

OGRN
1027739121497

Current
Account  40702810100700551016 with ZAO KB
Citibank,

Correspondent
account 30101810300000000202

BIK 044525202

Tel. 956-1267

 

 

2

 

Agent

Closed Joint Stock Company “Kompaniya
TSV”

Place of Business: 25 Akademeka Pavlova Street,
Moscow 121359

Mailing Address: 25 Akademeka Pavlova Street, Moscow
121359

INN 7731568585

KPP 773101001

OGRN 5077746859757

Current account 4070 2810 3382 6011 0108

with the Kievskoe Branch of the Savings Bank
of Russia No 5278

Correspondent account 3010 1810 4000 0000 0225

BIK 044525225

 

 

Signatures:

 

	
  Principal

  	
   

  	
  Surety

  	
   

  	
  Agent

  
	
  /s/ A.E. Rodnyansky

  	
   

  	
  /s/ S.A. Vasiliev

  	
   

  	
  /s/ V.L.
  Vshivkin

  
	
  (A.E. Rodnyansky) seal here

  	
   

  	
  (S.A. Vasiliev) seal here

  	
   

  	
  (V.L. Vshivkin) seal
  here

  

 

 

 

3Exhibit 10.62

 

(Form of amendment 

to agreements with 

individual stations)

 

Supplementary
Agreement

 

to
Agreement No               
dated

 

(hereinafter
the “Agreement”)

 

and
to Appendix No 2 dated             
(hereinafter the “Appendix”)

 

	
   

  	
   

  	
  December 27, 2007

  

 

 

                                
(hereinafter referred to as the “Principal”) (principal state registration number [OGRN]                        )
in the person of                                                                       ,
acting on the basis of                                                                                             ,
on the one hand, and                                                                (hereinafter referred to as the “Agent”) in the person of                                         ,
acting on the basis of                                 ,
on the other hand, hereinafter jointly referred to as the “Parties”, have concluded this Agreement as
follows:

 

1.             Whereas
the Parties agreed that subject to the exclusivity provision contained in
section 2.3 of the Agreement, and the maintenance of the rating at the level
specified in section 2 of this Supplementary Agreement, the Agent undertakes to
achieve such sales of the Principal’s Regional advertising that the actual
gross revenues of the Principal generated by Regional advertising placed on the
TV Channel as calculated for the year 2008 be at least equal to RUR                                                    (                                
rubles) including VAT (18 %) in the amount of RUR               
(rubles), with the following month-by-month distribution of the projected
revenues:

 

	
  January 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  February 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  March 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  April 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  May 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  June 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  July 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  August 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

 

 

 

	
  September 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  October 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  November 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

	
  December 2008
  - RUR 

  	
  (

  	
   

  	
  rubles)

  
	
   including
  VAT (18 %) in the amount of RUR

  	
   

  	
   (rubles);

  
					

 

 

2.             The Parties agree that during the year 2008 the average annual rating
of “CTC-            ”
TV channel for audience “6 to 54 all” (audience age)/ “                ”
TV Channel (broadcasting Domashny programming) for audience “25-60 females”/“18+
all” (audience age) within the Territory should be equal to             %.

 

The
Parties agree that the deviation in average ratings by less than 20% shall not
be deemed material.

 

For
the purpose of determining the said ratings the Parties agreed to rely on the
data provided by TNS Gallup Media, an independent market/sociological research
company.

 

The Principal will take all necessary efforts to
ensure that during the term of this Agreement programs of the Principal are
broadcast within the Territory with the Regional advertising, which was
delivered by the Agent, inserted in them

 

3.             For Domashny TV Channel contracts

 

The Parties further agree that that effective January 1,
2008 the time to be allocated for the regional advertising and made available
to the Agent for placement of regional advertising under Client Agreements in
the Network Program Blocks and Regional Broadcast Windows shall be equal to
4.58% (Four and Fifty Eight Hundredth percent) 
of the length of the New Channel (Domashny) Network Program Block (in
accordance with the provisions of the “network affiliation” agreement, made with
a particular Broadcaster for broadcasting Domashny TV Channel programming)
during each astronomical hour (excluding the length of the Regional Window)
plus all advertising time in the Regional Broadcast Windows (in accordance with
the Broadcaster’s programming schedule) permitted under applicable law, except
as provided otherwise herein.

 

The
Parties acknowledge and agree that the total advertising volume broadcast in
the Network program blocks and Regional Broadcast Windows of the Principal
within the Territory may not exceed the limits established under Russian
advertising law and that its calculation shall also include the Network
advertising placed with the Principal that is not excludable from the Network
program blocks.  In the event that the
Network and Regional advertising, if broadcast in full in the Network program
blocks and Regional Broadcast Windows of the Principal, would result in
non-compliance with the advertising law requirements with regard to the
advertising time limitations, the Network advertising time shall not be reduced
and it is the time allocated to regional advertising that should be
reduced.  Such adjustment should be
distributed as evenly as possible over the broadcasting day (prime-time /
non-prime-time) and to the extent possible shall be agreed with the Agent.

 

For CTC
TV Channel contracts

 

The Parties further agree that that effective January 1,
2008 the time to be allocated for the regional advertising and made available
to the Agent for placement of regional advertising under Client Agreements in
the Network Program Blocks and Regional Broadcast Windows shall be 

 

 

equal
to 3.75% (Three and Seventy Five Hundredths percent)  of the length of the respective Network
Program Block  (in accordance with the
provisions of the “network affiliation” agreement) during each astronomical
hour (excluding the length of the Regional Window) plus all advertising time in
the Regional Broadcast Windows (in accordance with the Broadcaster’s
programming schedule) permitted under applicable law, except as provided
otherwise herein.

 

The
Parties acknowledge and agree that the total advertising volume broadcast in
the Network program blocks and Regional Broadcast Windows of the Principal
within the Territory may not exceed the limits established under Russian
advertising law and that its calculation shall also include the Network
advertising placed with the Principal that is not excludable from the Network
program blocks.  In the event that the
Network and Regional advertising, if broadcast in full in the Network program
blocks and Regional Broadcast Windows of the Principal, would result in
non-compliance with the advertising law requirements with regard to the
advertising time limitations, the Network advertising time shall not be reduced
and it is the time allocated to regional advertising that should be
reduced.  Such adjustment should be
distributed as evenly as possible over the broadcasting day (prime-time /
non-prime-time) and to the extent possible shall be agreed with the Agent.

 

4.             The
Parties agree to amend section 4 of the Agreement “Agency Fee. Settlement,
Invoicing and Reporting Procedures” as follows:

 

“4.           Agency Fee. Settlement, Invoicing and Reporting Procedures

 

The
Agent’s fee:

 

4.1.
The Agent’s fee for legal
and other actions shall be equal to 15% (Fifteen percent) of the amount of
actual gross revenues of the Principal in the reporting period, including VAT
at the current rate then applicable under Russian law.

 

When calculating the Agent’s fee for the Agent’s
selling services in respect of transactions with non-resident clients in US
dollars, the amount of the fee for each reporting period shall be calculated
using the exchange rate, published by the Russian Central Bank for the last day
of the reporting period.

 

The Agent’s fee entitlement shall arise as from the actual
provision by the Principal of the advertising services in the reporting period.

 

The payment of the Agent’s fee shall be made in accordance
with the provisions of sections 4.3 to 4.11 hereof.

 

Settlement
Procedures:

 

4.2          The price of
advertising in the agreements of the Agent with the Client shall be fixed:

 

·                  in agreements with Russian
resident clients and non-resident clients paying in Rubles — in Russian Rubles.

 

·                  in agreements with non-resident clients paying in currencies other than
Russian Rubles — in US Dollars.

 

Advertising services contracted by the clients shall be
subject to value added tax in accordance with the applicable law of the Russian
Federation.

 

4.3          The payments under
Client Agreements entered into by the Agent in Russian Rubles shall be made as
follows.

 

4.3.1.       The
payments in Russian Rubles under Client Agreements shall be made to the Agency’s
current account.

 

 

The Agent shall be obliged to transfer to the Principal in
full the funds received under Client Agreements within 5 (five) banking
days.  The said period shall be counted
from the receipt by the Agent of the attachment to the bank statement
evidencing the transfer of the funds to the current account of the Agent.

 

To the extent the Client’s business was contracted with the
participation of the brokers, all funds received under Client agreements shall
be transferred to the Principal within 10 (ten) banking days from receipt of
the funds from the Client (to the broker’s current account).

 

Upon contracting the sale of the Regional Advertising with
the Client as a package for the time offered on several TV channels (several
Broadcasters) in accordance with section 3.1.7. of this Agreement, the transfer
by the Agent to the Principal of funds in payment for the rendered services
that were received from the Clients shall be made not later than 10 (ten) days
from the end of the respective reporting period.

 

If the funds paid cannot be definitely identified as
payments received in connection with the performance by the Parties of the
obligations under this Agreement, the above time periods specified for
transfers may be extended by 30 (thirty) days.

 

If the funds from the Client arrive not as a lump sum, but
in two and more installments the Agent shall first apply the funds received
towards repayment of the Client’s indebtedness for the services provided (if
any); after full repayment of the existing indebtedness the received funds
shall be applied towards payment for the services provided in the current
month; further and after full payment for the services provided in the current
month, the received funds shall be considered as advance payment for the
services to be provided in the following month.  This
procedure of application by the Agent of the receipts from the Clients should
be included in the conditions of the respective agreements between the Agent
and the Clients.

 

4.3.2        The
Principal shall be required no later than the day immediately following the
date of receipt of the funds paid by the Agent to its current account to remit
to the Agency’s bank account the amount equal to 15% (Fifteen Percent) of the
funds received from the Agent in payment of the Agency Fee provided under
section 4.1 of this Agreement.

 

4.4.         The Agent may (subject
to notification of the Principal) to instruct the client to make the payment in
Russian Rubles under the agreement of the Agent with the client directly to the
Principal’s current account.

 

4.5          If prior to commencement
or in the course of performance of the services either a Client or the
Principal elects to cancel the agreement for the provision of the services in
full or any part or other conditions arise that require that the funds be
returned to the Client’s current or hard currency transit account, the Agent
shall have the right to transfer in Russian rubles to the Clients those funds
that are to be returned to the latter under the agreements concluded with them,
including from the funds received on the Agent’s account from other clients,
but not yet remitted to  the Principal’s
account. When partial refund is made, the amount in rubles shall be calculated
pro rata to the decrease in the contract amount or payment. The Agent shall be
required to notify the Principal on such payments being effected within 3 days.

 

If the funds held on behalf of the Principal by the Agent
in its current account are not sufficient or there are no such funds to make
the refund to the Client, the Principal shall within ten days from receipt by
the Principal of the letter from the Agent requesting the refund shall remit
the respective amount in full to the current account of the Agent (or of the
respective client pursuant to the Agent’s payment instructions).

 

In cases when the earlier received hard currency funds
should be returned to the client according to the agreement with the latter:

 

·                  if such amount has been
already transferred by the Agent to the Principal, the Principal shall transfer
to the Agent’s transit currency account within ten days the amount to be
returned to a non-resident client in the respective currency and the Agent
shall then return 

 

 

the
amount so received to the respective client. The said ten day period shall be
counted from the receipt by the Principal of the Agent’s letter demanding the
return accompanied by the respective documents relating to the non-resident
client;

 

·                  if such amount has not been transferred to the Principal and is still
held in the Agent’s transit currency account, the latter shall transfer to the
client the respective amount to be returned in the respective currency.

 

4.6          The payments in US
Dollars under agreements of the Agent with the non-resident Clients shall be
paid to the Agent’s transit currency account.

 

The Agent shall be required to transfer the amounts
received under such agreements to the Principal’s transit currency account
within four banking days. The said four day period shall be counted from the
moment the Agent receives an attachment to the bank statement evidencing the
receipt of the funds in the Agent’s account.

 

The Parties agree that if for certain reasons (absence of a
transit account, Russian legal requirements, etc.) the settlement in accordance
with the above procedures will not be possible, the Principal hereby authorize
the Agent to sell all of the hard currency funds received from the Clients for
Russian currency (Russian rubles).

 

The Agent/broker shall be required to transfer the Russian
rubles proceeds of the sale of such hard currency funds to the Principal’s/Agent’s
current account within three banking days.

 

Upon effecting such transfer the Agent shall deliver to the
principal a copy of the payment instructions.

 

The Principal shall be required no later than the day
immediately following the date of receipt of the funds paid by the Agent to its
current account to remit to the Agency’s bank account the amount equal to 15%
(Fifteeen Percent) of the funds received from the Agent in payment of the
Agency Fee provided under section 4.1 of this Agreement.  If the Agent remitted the funds to the Principal’s
transit hard currency account, the Principal shall remit to the Agent the ruble
equivalent of the amount equal to 15% (Fifteen Percent) of the amount remitted
by the Agent calculated at Russian Ruble to US Dollar exchange rate published
by the Central Bank of Russia as of the date of the receipt of payment form the
Client.

 

4.7          In the event that the
Principal fails to transfer to the Agent’s transit currency account the amount
to be refunded to the non-resident client in US Dollars within 10 days period,
the Agent shall be entitled to withhold such amount out of the amounts of the
receipts from the clients in Russian rubles, to purchase hard currency (in US
Dollars) in such amounts as will be sufficient for making the refund to the
non-resident client and to transfer such refunded amount to the non-resident
client’s account.

 

4.8          The settlements between
the Parties shall be made on a daily basis as long as payments are received
from the Clients.  Upon effecting such
transfers the Parties shall deliver to each other a copy of the payment
instructions. The date of payment as between the Parties hereunder shall be the
date, on which the funds are withdrawn from the payer’s account as evidenced by
a bank statement.

 

4.9          If the Principal delays
the transfer of the funds described in sections 4.3 and 4.6 of this Agreement
by more than 5 (Five) calendar days and as consequence such funds not received
on the Agent’s current account the Agent shall be entitled to withhold the
refund amount from the payments, received on its current account from the
Clients on behalf of the Principal.

 

To the extent the Principal is found to have amounts
outstanding to the Agent as reflected by the Statement, the Principal shall be
required to settle such outstanding amount by the 20th (Twentieth)
day of the month following the end of the reporting period and to deliver a
copy of the payment instructions as a proof of payment.

 

 

In
the event no payment is received by the Agent in its account towards the
settlement of the Principal’s indebtedness the Agent shall be entitled to
withhold the amount due to it from the Principal out of the amounts of the new
payments received for the benefit of the Principal to be reflected in the
respective Statement.

 

If
the amount received from the Principal in the reporting period is greater than
the amount of the Agency Fee, to which the Agent is entitled in the respective
Reporting period, the amount in excess shall be accounted as an advance towards
the Agency Fee in respect of the subsequent Reporting periods.

 

4.10        As at the end of each
reporting period at least 80% (Eighty percent) of the amount due for services
provided in the reporting period should have been paid by the Clients. The
remaining 20% (Twenty percent) due for such services should be paid by the
Clients no later than within 60 (Sixty) calendar days from the end of the
respective period. The said terms and liability for non-compliance should be
included into agreement of the Agent with the Client as a mandatory provision.

 

In the event that upon expiry of such period the said
services have not been paid for in full by the Clients, the advertising ordered
to be broadcast by such Clients shall be removed from the broadcasts and shall
not be accepted for broadcasting until the respective Clients’ Doubtful Debt
has not been paid in full.

 

The Parties shall then promptly agree on the measures to be
taken to enforce the collection from the Client of the amount outstanding
together with any penalties applicable for delay in payment.

 

4.11        The Parties agree that the
fee calculated according to conditions of this Agreement and paid to the Agent
shall also cover all possible charges of the Agent relating to the performance
of its engagement, including any fees payable to brokers and such expenses of
the Agent shall not be subject to any additional reimbursement by the
Principal.”

 

Reporting
Procedures:

 

4.12        Upon transferring the funds the Agent
shall deliver to the Principal together with a copy of the payment instructions
(as required under section 4.8 hereof) an accompanying notice in the form
approved by the Parties with a detailed break-down of the amounts paid:

 

a)                                      amount of the payment received to the current and/or transit currency
account of the Agent under concluded agreements including value added tax;

 

b)                                     period of time within which the advertising services for which the
payment was made should be provided;

 

c)                                      amount retained in the current account of the Agent and applied in
settlement of the amounts outstanding from the Principal to the Agent under
section 4.9 of this Agreement.

 

To
the extent the Principal has any objections with respect to the submitted
report it shall within 10 (Ten) calendar days from receipt thereof deliver to
the Agent its objections in writing.  If
no objections are raised within such period, the report shall be deemed
accepted.

 

4.13        After
the end of the reporting period (by fifteenth day of the month following after
the end of the reporting period), the Parties shall execute a two-way
statement, which shall set forth:

 

1.         actual gross revenue of the Principal in the
reporting period;

 

a. amount of regional advertising sales during the reporting period
contracted by the Agent/brokers;

 

b. the amount of non-sale income (penalties, fines and other non-sale
income) collected by the Agent during the reporting period in respect of the
regional advertising placements contracted by the Agent;

 

2.             the amount of
receipts to the accounts of the Agent/brokers under the agreements entered into
by the Agent/brokers, including in payment for the advertising services in the
current, past and future periods;

 

3.             the amount of
funds, which the Agent paid to the clients in accordance with the terms of the
existing agreements, including VAT;

 

4.             the amount of
receipts to the Principal’s accounts, as stated for the reporting period under
the agreements entered into by the Agent/brokers, including in payment for the
advertising services in the current, past and future periods;

 

5.             the amount of funds, which the
Principal paid to the clients, including VAT;

 

6.             the amount of the agency fee due to
the Agent for the reporting period;

 

7.             the amount of funds paid to the
Agent as the agency fee, including as payments in respect of the reporting
period and as advances towards payments in respect of the future period or as
payments in respect of the past periods (including amounts retained by the
Agent under section 4.9), inclusive of VAT;

 

8.             other details, which the Parties
shall deem appropriate to reflect in the Statement.

 

The
Agent shall deliver together with the Statement a report on the services
provided (the “Agent’s Report”) in the form approved by the Parties.

 

To
the extent the Principal has any objections with respect to the submitted
Statement and /or the Agent’s Report it shall within 5 (Five) calendar days
from receipt thereof deliver to the Agent its objections in writing.  If no objections are raised within such
period, the Statement and /or the Agent’s Report shall be deemed accepted and
the engagement completed.

 

4.14.       The statement shall be submitted by the
Agent together with the invoice for the agency fee.”

 

5.             In
all other matters not covered by and not inconsistent with this Supplementary
Agreement the Parties shall be governed by the provisions of the Agreement.

 

6.             This
Supplementary Agreement, except for section 4, shall come into effect upon
signing by the Parties and shall form an integral part of the Agreement. Section 4
of this Supplementary Agreement shall come into effect as of January 21,
2008.

 

7.             This Supplementary Agreement is
executed in two equally binding counterparts with one for each Party.

 

Signatures of Parties:

 

	
  Agent:

  	
  Principal:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Stamp

  	
  Stamp

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]