Document:

Unassociated Document

Exhibit 10.13

Employment Agreement No 1/

 

	 Moscow 	  «__» _______20__г.

                                                                                                            

Company Konsta Real Estate Properties Fund Ltd., represented by the Chairman of the Board of Directors and Shareholders – Roman Genrikhovich Plavnik, acting on the basis of decision of the General Meeting of Shareholders (Minutes No 1 from 10/03/2005), further called "Company", on the one hand, and the citizen of the Russian Federation Roman Genrikhovich Plavnik elected Director of the Board of Directors and Shareholders of the Company in accordance with the decision of General Meeting of Shareholders (Minutes No 1 from 10/03/2005), further called «Member of Board of Directors», on the other hand, further called "Parties" together, have reached the existing agreement as follows:

 

1. Subject of the Agreement

 

1.1. The present Agreement sets terms and conditions between the Company and a Member of the Board of Directors and describes duties and responsibilities of each Member of Board of Directors (“Board Member”) of the Company.

 

1.2. Following this Agreement each Board Member is responsible for performing his/her duty as the Board Member in accordance with laws and regulations of British Virgin Islands (“BVI”) and other legal documents, such as the Memorandum, Articles of Incorporationof the Company, Bi-laws of the Board of Directors of the Company, other internal documents of the Company, and the Company is responsible in all the cases stipulated by laws and the existing Agreement to pay to each Board Member compensation and out-of-pocket expenses related to performing his/her duties as a Board Member timely and fully.

 

1.3. Board Member has to act within the competence of Board of Directors stipulated by the BVI laws and in accordance with the Memorandum and Articles of Incorporation of the Company, Bi-laws of the Board of Directors of the Company, as well as the existing Agreement.

 

2. Terms of the Agreement.

 

2.1. The existing Agreement is in effect from the date of signing by both Parties and terminates at the date when the duties of the Board Member are ceased.

2.2. In case the General Meeting of Shareholders will terminate the position of Board Member the existing Agreement will be terminated automatically.

2.3. The basis for this Agreement set in accordance with the Memorandum and Articles of Incorporation of the Company and Bi-laws of the Board of Directors, and call for the election of First, Last Name as a Member of Board of directors of the Company (the decision of General Meeting of Shareholders of the Company from October 3, 2005 (Meeting Minutes No 1).

 

  

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3. Duties and Responsibilities of each Party.

 

3.1. The Member of Board of Directors has the right:

3.1.1. Timely receive compensation for carrying out duties as the Member of Board of Directors of the Company based on the amount, order and schedule established by the Company.

3.1.2. To demand from the Company officials all and any information (documents and materials) related to the performance of Director’s duties.

3.1.3. To review Minutes from the meetings of Board of Directors and other departments of the Company and to receive their copies.

3.1.4. To demand meetings of Board of Directors, to discuss issues in the agenda of meetings of Board of Directors.

3.1.5. To demand incorporating in the Minutes of the meeting of Board of Directors his/her special opinion concerning the agenda related to making the decisions.

3.1.6. To resign of a member of Board of Directors of the Company by notifying the Company in writing.

3.1.7. To have other rights stipulated by laws of BVI, the Memorandum and Articles of Incorporation of the Company and Bi-laws of the Board of Directors, other internal documents of the Company.

 

	
3.2.  

	
Responsibilities of Member of Board of Directors:

 

3.2.1. To carry out the general management of the Company.

3.2.2. To define business development strategy.

3.2.3. To oversee the work of Board of Directors of the Company, to carry out functions of [Chairman of Board of Directors of the Company].

3.2.4. To be prepared for the meetings of Board of directors, including:

- To get acquainted with the agenda of the meeting;

- To study materials, including the proposed decisions attached to the notification of meeting of Board of Directors;

- If facing difficulties with making decision concerning one of the issues on the agenda to request additional documents, the information and data under the agenda of the meeting before the actual date of the meeting.

3.2.5. To participate in preparation for review and to be proactive speaker, and opponent in discussions on the issues on the agenda of the meeting of Board of Directors.

3.2.6. To take part in discussion of issues on the agenda of meeting of Board of Directors.

3.2.7. Do not miss any meeting of Board of Directors without valid excuse.

3.2.8. To take part in voting at the meetings of Board of Directors on all issues of the agenda.

3.2.9. Personally fulfill duties described in this Agreement.

3.2.10. Put the best effort to carry out duties assigned by the Memorandum and Articles of Incorporation of the Company, internal legislative documents of the Company and the existing Agreement.

3.2.11. To operate in the best interests of the Company in order to achieve further growth and to increase the revenue [profitability] of the Company.

3.2.12. Do not disclose any information related to operating and/or trade secrets known by Board Members in connection with their duties.

3.2.13. To avoid actions that may cause the conflict between interests of a Member of Board of directors and interests of the Company.

3.2.14. To execute decisions of the General meeting of Shareholders and Board of Directors timely and precisely.

3.2.15. Do not transfer the vote to another person, including other member of Board of Directors.

3.2.16. To participate in meetings of Board of Directors.

3.2.17. If Member will decide to terminate the existing Agreement on his/her own, one has to notify the Company as stipulated in the item 5.4 of the existing Agreement.

 

  

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3.3. The Company has the right:

 

3.3.1. To demand from a Member of Board of Directors to diligently execute his/her duties.

 

3.3.2. To terminate the existing Agreement at any time if anything of the following will take place:

 

	
§  

	
By receiving the resignation notice in writing from a Member of Board of;

 

	
§  

	
Based on the decision of the General meeting of Shareholders to terminate Board of Directors before the expiration of the term;

 

 

	
3.4.  

	
Responsibilities of the Company:

 

3.4.1. To provide Board Member with best conditions required for carrying out his/her duties described in this Agreement.

3.4.2. To pay compensation to a Board Member in accordance and based on the terms and the amount agreed by the Company.

3.4.3. To provide assistance to a Board Member required for performing his/her duties.

	
4.

	
Compensation.

4.1. The Company pays to the Board Member compensation in the amount determined at the end the year based on the Company financial results.

 

	
5.

	
Board Member Responsibilities.

 

 

	
5.1.  

	
Board Member is responsible:

 

5.1.1. Board Member has to perform his functions based on the best effort and within best interests of the Company; and to show care, diligence and professionalism, which reasonable person will show under the same circumstances.

 

	
6.

	
Changes and Termination of the Agreement.

 

6.1. Change and additions of the conditions of the existing Agreement can be executed at any time mutually agreed by the parties.

6.2. Change and additions of conditions of the present Agreement can be made based on the additional written agreement between Parties which after its signing becomes an integral part of this Agreement.

6.3. The existing Agreement can be terminated at any time by both parties or under the initiative of one of the Parties in accordance with the laws of BVI and the existing Agreement.

6.4. If the existing Agreement is terminated at the initiative of a Member of Board of Directors he/she is obliged to inform the Company in writing no later than 1 (one) month before prospective date of termination of this Agreement.

6.5. The existing Agreement automatically terminates in case of expiry of the term on which the member of Board of Directors has been elected.

  

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7.  Other Conditions.

7.1. In case of dispute between the Parties in connection with the existing Agreement, such dispute is a subject to a settlement by negotiations.

7.2. If the dispute between the Parties is not settled, it needs to be regulated in accordance to the laws of BVI.

7.3. Both Parties agreed to keep the terms and conditions of this Agreement highly confidential.

7.4. In all other aspects that are not stipulated by this Agreement, the Parties should act in accordance with the laws of BVI, the Memorandum and Articles of Incorporation of the Company and Bi-laws of the Board of Directors, other internal documents of the Company.

7.5. The existing Agreement is executed in 2 (two) copies, each Party has 1 (one), which are having an equal validity

	
  

	
8.

	
Addresses and Signatures of the Parties.

	
COMPANY:

 

КОМПАНИИ KONSTA REAL ESTATE PROPERTIES LTD

	
MEMBER OF BOARD OF DIRECTORS OF THE COMPANY:

 

Board Member

 

	
 

COMPANY:

 

Chairman of Board of Directors of

KONSTA REAL ESTATE PROPERTIES  LTD.

 

 / R.G. Plavnik./

           signature

 

М.П.

	
 

MEMBER OF BOARD OF DIRECTORS OF THE COMPANY:

 

 

 

 

 /Board Member./

           signature

 

	
  

	
4Unassociated Document

Exhibit 10.14

 

EMPLOYEMENT AGREEMENT No 003/08

Moscow                                                                                                        07 November 2008г.

Representation of the company KONSTA REAL ESTATE PROPERTIES MANAGEMENT LLC. (USA) in a to Moscow, represented by Director of representation of Gromova Svetlana Alekseevna, acting in accordance with act of Representation and the Power of attorney from 12.12.2007, called in the further "Employer", on the one hand, and the citizen of the Russian Federation of Sultanov Oleg Flurovitch, passport 92 04 769241, issued by the Central OVD,  Naberezhnyie Chelnyi republics Tatarstan on 06 24.2005, "Worker" called in further, on the other hand, together in the further called "Parties", have concluded the present contract as follows:

	
  

	
1.

	
SUBJECT OF THE AGREEMENT.

1.1.  The present contract sets the terms and conditions of the employment between the Worker and the Employer.

 Under the present labor contract the Employer undertakes to employ the Worker on the caused labor function, to provide the working conditions stipulated by the labor legislation and other normative legal certificates, containing norms of the labor right, agreements, local statutory acts and the given contract, is duly and in the full size to pay to the Worker wages, and the Worker undertakes to carry out personally the labor function certain by the present contract, to observe the rules of the internal labor schedule operating at the given employer.

 1.2. The worker is hired on a position of the Head of Marketing with a trial period 3 (three) months.

 The start date, means the date from which the Worker will begin working in the Company is November 7, 2008.

 1.3. The existing Employment Agreement is executed on unlimited period of time.

 1.4. The job based on this Employment Agreement is the first and main job for the Worker.

1.5. The Worker is located in the office of the Representative headquarters of the company Местом работы Работника является офис Представительства компании KONSTA REAL ESTATE PROPERTIES MANAGEMENT LLC., at the address: Moscow, 156 Leninskii prospect.

1.6. The Employer can send the Worker to a business trip.

	
  

	
2.

	
RIGHTS AND RESPONCIBILITIES OF THE WORKER AND THE EMPLOYER.

2.1. The worker carries out his duties in accordance with the current legislation of the Russian Federation, Rules of the internal labour schedule of the Employer, other local statutory acts of the Employer and conditions of the present labour contract.

With a view of execution of the functions the Worker is obliged:

	
2.1.  

	
1. Conduct researches of the major trends and dynamics of a consumer demand for the goods (service), a parity of a supply and demand on similar kinds of the goods (services), technical and other consumer qualities of the competing goods (services).

	
2.1.2.  

	
Conduct marketing researches to study market segmentation, the analysis of pricing and preferences of the consumer, the forecast of sales and channels of realization, opening of the new markets, an estimation of efficiency of advertising, activity of competitors, etc.

	
2.1.3.  

	
Identifies the most effective market segments.

	
2.1.4.  

	
Analyses consumer demand and pricing elasticity.

	
2.1.5.  

	
Participates in creation of the advertising campaign.

	
2.1.6.  

	
Managing adverting campaign in media, direct mail, Internet, etc.

	
2.1.7.  

	
Organizes the development of printed promotional materials by own forces or forces of the foreign organizations, their testing, gives the offer on design of printed promotional materials or the initial information for their development, supervises updating stocks of these materials. Conducts a tentative estimation of the promotional materials developed by the foreign organizations.

	
2.1.8.  

	
Analyses the effectiveness of advertising campaigns.

 

 

  

  

  

 

 

2.2. The Employee is responsible for:

2.2.1. To observe laws and other statutory acts, local statutory acts, conditions of the present Contract.

2.2.2. to employ the Worker, caused by the present Contract.

2.2.3. To provide safety of work and the conditions, meeting the requirements protection and hygiene of work.

2.2.4. To provide to the Worker equal payment for work of equal value.

2.2.5. To pay in the full size wages due to the Worker in the terms established by the Labour code of the Russian Federation, the present Contract.

2.2.6. Leaving outside the employment agreement any from the rights and (or) duties of the Worker and the Employer established by the labor legislation and other normative legal certificates, containing norms of the labor right, local statutory acts, and also the rights and duties of the worker and the employer following from conditions of the collective agreement, agreements, it can not be considered as refusal of realization of these rights or executions of these duties.

	
  

	
3.

	
SALARY.

3.1. The employer agrees to pay to the worker wages at a rate of 30 000,00 (thirty thousand) roubles.

 3.2. The size of a payment can be changed as agreed. In case of change of the size of a payment the order is published.

 3.3. From the sum of wages of the Worker the Employer pays taxes in sizes and the order, defined by the tax laws.

 3.4. The wages are paid not later than 20th day of next month.

 Advance payment is paid from 25th to 28th days of current month.

 3.5. In case of a delay of payment of wages the Worker has the right to demand indemnification for untimely payment by way of established by the labor legislation of the Russian Federation.

 3.6. The employer can pay premiums to the Worker.

	
  

	
4.

	
BUSINESS HOURS AND TIME OFF/VACATIONS.

4.1. To the worker 40-hour working week is established.

 4.2. In target (Saturday and Sunday) and holidays work is not made. Work in target and holidays is paid in the double size.

 4.3. Annual paid holiday by duration of 28 calendar days is given to the worker.

4.4. Holiday for the first year of work can be given not earlier than after 6 (six) months from the moment of actual realization by the Worker of the duties from the written approval of the Employer.

 4.5. On family circumstances and other valid reasons for the Worker short-term holiday without preservation of wages can be given.

	
  

	
5.

	
GUARANTEES & COMPENSATIONS.

5.1. On the worker privileges and the guarantees established by the legislation of the Russian Federation completely extend.

 5.2. The damage, caused to the Worker a mutilation or other damage of health connected with execution by it of the labour duties, is a subject to compensation according to the labour legislation of the Russian Federation.

 5.3. In case of cancellation of the labour contract with the Worker in communication with change of the proprietor of the Society the new proprietor is obliged to pay to the Worker indemnification at a rate of not below three average monthly earnings.

 

 

  

  

  

 

 

	
  

	
6.

	
RESPONCIBILITIES OF THE PARTIES.

6.1. The worker and the Employer bear the responsibility by way of, established by the labour legislation of the Russian Federation.

	
  

	
7.

	
TERMINATION OF THE EMPLOYEMENT.

7.1. Termination of the employment is done by way of and on the bases stipulated by the labor legislation of the Russian Federation

	
  

	
8.

	
FINAL CONDITIONS.

8.1. In case of occurrence between the Parties of dispute it is a subject to negotiated settlement of the Worker and the Employer.

 8.2. If dispute between the Parties will not be settled as a result of negotiations, it is solved by way of, stipulated by the labor legislation of the Russian Federation.

 8.3. The worker is a subject to obligatory social insurance by way of and on the conditions established by the current legislation of the Russian Federation.

8.4. The present labor contract during its action can be changed or added by its parties. Thus new data are brought directly in the text of the labor contract, and new conditions are defined by appendix to the labor contract or the separate agreement of the parties concluded in writing which are an integral part of the labor contract.

8.5. The present labor contract is terminated on the bases and by way of, stipulated by the current legislation of the Russian Federation.

8.6. All the materials created with participation of the Worker and under tasks of the Employer are the property of the Employer.

8.7. The parties undertake to not disclose a condition of the present labor contract without the mutual consent.

8.8. On all questions which have not found the decision in conditions of the present labor contract, but it is direct or indirectly following of attitudes of the Employer and the Worker on it, the parties of the present labor contract will be guided by positions of the Labor code of the Russian Federation and other corresponding statutory acts of the Russian Federation.

8.9. The present contract is made in duplicate: one copy is stored in affairs of the Society, and another is at the Worker.

	
  

	
9.

	
REQUISITES OF THE PARTIES

 

	 EMPLOYER    	 WORKER
	
Representative office of «KONSTA

	 
Sultanov Oleg Flurovitch

	
REAL ESTATE PROPERTIES MANAGEMENT»

	
passport 92 04 769241

	
(USA) in Moscow

	 
issued by Central OVD

	
109390, Russia, Moscow,

	 
city of Naberezhnyie Chelnyi

	
1st Tekstilshchikov Street, No 12/9

	 
Republic of Tatarstan

	
INN/KPP 9909280560/7747516

	
06.24.2005,

	
Account 40807810500000000005

	 
registered at:

	
Bank «МF Bank» (ООО) Moscow

	
Lipetsk, 73 Oktayabrskaya street, apt.7.

	
BIK 044579361

	  
	
C/A 30101810600000000361

	  

   

SIGNATURES:

Director of Representative office of «KONSTA                                                                                                           Sultanov Oleg Flurovitch

REAL ESTATE PROPERTIES MANAGEMENT»

 

/Gromova S.А./                                                                                                                                                               /Sultanov О.F./

stamp

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