Document:

f8ka1ex10iv_resourceacq.htm

 

Exhibit 10.4

 

Agreement for

temporary, reimbursable financial aid

 

	Almaty City	   September 28, 2008

 

 

SM MARKET RETAIL Limited Liability Partnership hereinafter referred to as Party 1, represented  by its Director, Ms. F.I. Yazdigani, acting on the basis of the Charter, on one hand, and

ELIKA Limited Liability Partnership hereinafter referred to as Party 2, represented by its Director, Mr. Ye.V. Papanov, acting on the basis of the Charter, on the other hand, hereinafter jointly referred to as the Parties and severally as the Party, have entered this Agreement on the following:

1.      Subject of the Agreement

 1.1. Party 1 agrees to render temporary, reimbursable interest-free financial aid to Party 2, and Party 2 agrees to repay the financial aid by deadlines, in the amount and on terms set forth in this Agreement.

 1.2. Party 1 shall render the temporary financial aid to Party 2 with the view of replenishment of the working capital.

2. Repayment of the financial aid

2.1. Party 2 agrees to repay the financial aid by September 30, 2010.

2.2. The temporary aid repayment procedure may be agreed by the Parties additionally by elaborating and signing the Supplementary Agreement which will be an integral part hereof.

3. Rights and obligations of the Parties

3.1. Party 1 agrees to provide to Party 2 funds, in tranches, in the amount of KZT 2,550,000,000 (two billion five hundred fifty million tenge) within three (3) months, in way that shall not contradict to the current laws of the Republic of Kazakhstan.

3.2. If Party 2 fails to comply with its commitments related to the target use of the rendered temporary financial aid, or fails to fulfill its obligations stipulated in Clause 1.2. hereof, Party 1 shall be entitled to repudiate this Agreement to the extent of the non-rendered temporary financial aid and to demand from Party 2 to repay the rendered temporary financial aid ahead of schedule.

4. Responsibilities of the Parties

4.1. The Parties shall be responsible for failure to fulfill or improper fulfillment of their respective obligations, in accordance with the current laws of the Republic of Kazakhstan.

5. Representations and guarantees

5.1. The Parties herewith represent and guarantee that:

5.1.1. in accordance with the laws of the Republic of Kazakhstan they are entitled to sign this Agreement on behalf of themselves and bear responsibilities hereunder;

5.1.2. this Agreement has been duly authorized and is fulfilled by them, and is the Parties’ valid and binding obligation to be discharged in accordance with provisions hereof;

5.1.3. subscribers to this Agreement are authorized and entitled to sign this Agreement;

5.1.4. as of the date of signing hereof, legal capacity of subscribers to this Agreement is not limited, they are not intoxicated by drugs, toxic substances or alcohol, and their health status enables them to exercise and protect their rights, as well as discharge their obligations; that they do not suffer from any diseases that could prevent them from realizing the essence of the signed Agreement, as well as confirm that they are not misled, deceived, subject to violence, threat, malicious collusion or a set of heavy circumstances.

6. Force Majeure

6.1.  The Parties shall bear no responsibility for complete or partial failure to fulfill their respective obligations, or for delays in fulfillment thereof hereunder, when such failure is caused by an act of God (a force majeure).

6.2. Force majeure circumstances include any events being beyond the reasonable control of the Parties and which prevent the Parties from fulfilling their respective obligations, provided that such circumstances  have had direct impact on the Party’s /Parties’ proper fulfillment of its/their obligations hereunder.

  

1

  

6.3. The force majeure circumstances include wars, strikes, social disorders, earthquakes, fires, storms, and floods. The above list of force majeure circumstances shall be exhaustive.

6.4. In case of a force majeure circumstance a Party suffered from it shall promptly notify the other Party in writing, stating the data of occurrence and description of such force majeure circumstance.

6.5. The information of the force majeure shall be verified by a document issued by the authorized body.

6.6. If duration of the force majeure circumstance exceeds one year, the Parties agree to negotiate in order to achieve a mutually acceptable decision.

7.      Dispute settlement

7.1. Any discrepancies and disputes arising in the course of fulfillment of this Agreement or related hereto shall be considered by the Parties on an interim basis in an amicable way in order to achieve mutually acceptable decisions.

7.2. Any disputes that are not settled within five days shall be subject to consideration by the Almaty City Court as per the procedure established by the current laws of the Republic of Kazakhstan.

8.      Supplementary conditions

8.1.  Any changes or amendments to this Agreement shall be valid only when they are made in writing and signed by the Parties’ authorized representatives.

8.2.  A unilateral repudiation of this Agreement and a unilateral change and/or amendment to this Agreement is forbidden, save in cases provided for hereby.

8.3. Any appendixes, as well as changes and amendments to this Agreement shall be valid only when they are made in writing and signed by the Parties hereto, the Parties’ seals affixed. Any changes and amendments to this Agreement shall be made by the Parties signing a supplementary agreement. All appendixes to this Agreement shall be an integral part hereof.

8.4. All orders, notifications and any other notices sent by the Parties hereunder shall be made in writing, signed by the authorized person and shall bear the sending Party’s seal. Such documents shall be deemed sent properly, when they are sent by mail, through a courier or by fax.

8.5. The Parties guarantee confidentiality of this Agreement, character of mutual relations between the Parties, as well as the information and documentation received by the Parties in the course of fulfillment hereof.

8.6. Preliminary negotiations and correspondence pertaining to this Agreement shall be deemed void from the date of signing of this Agreement.

8.7. The Parties shall not be entitled to assign this Agreement to any third parties without the other Party’s written consent. Failure to comply with this provision will entitle either Party to repudiate this Agreement.

8.8. The Parties shall inform each other of any change to their addresses and bank details.

9.      Confidentiality

9.1. Either Party hereto agrees to treat any financial, commercial, and other information received from the other Party as strictly confidential.

9.2.  The confidential information may be disclosed to the third parties, published or made public only subject to the other Party’s written consent or by request of the bodies and officials directly authorized by the laws of the Republic of Kazakhstan to receive such information.

10.      Concluding provisions

10.1. With respect to any other issues that are not directly covered by this Agreement, the Parties shall be governed by the current laws of the Republic of Kazakhstan.

10.2. This Agreement shall take effect from the date of its signing and remain in effect until the Parties fulfill all their respective obligations hereunder.

10.3.  This Agreement is made and signed in two copies having equal legal effect, one copy for each of the Parties.

  

2

  

11. Addresses and bank details of the Parties

	
Party 1

 

SM MARKET RETAIL LLP

Address: 1/10, Astana microdistrict, Almaty,

TRN 600900584869

a/c 035467997

with Sberbank Rossii BB JSC

KBE 724, BIC 190501914

 

Director

/Signature/________________ F.I. Yazdigani

 

 

Locus Sigilli

 

	
Party 2

 

Elika LLP

Address: apartment 37, building 57, microdistrict 1, Almaty

TRN: 600900165637

a/c  063467810

with Kazkommertsbank JSC, Almaty

BIC: 190501724

 

Director

Signature/________________Ye.V. Papanov

 

Locus Sigilli

 

 

 

 

 

3f8ka1ex10v_resourceacq.htm

Exhibit 10.5

 

 

COOPERATION AGREEMENT

 
 

	Almaty   	February 19, 2008

 

                                                                                                       

TOO ELDORADO INVEST COMPANY, further referred to as Party 1, represented by the Director Salduzi E. acting on the basis of the Charter, on one side, and TOO SM MARKET RETAIL, further referred to as Party 2, represented by the Director Yazdigani F., on the other side, further collectively referred to as Parties and individually as Party, signed this Agreement and agreed on the following:

	
1.  

	
The Parties agreed to cooperate to develop SM Market retail chain within the framework of terms set out in this Agreement.

	
2.  

	
The main goals (stages) of the cooperative work are:

	
-  

	
Expansion of the retail chain through the purchase of retail network GROS;

	
-  

	
Attraction of investments for expansion of the SM Market retail chain by participating in the international exchange stock market.

	
3.  

	
To assist each other to carry out the set goals:

	
A)  

	
 Party 1 obliges to:

	
-  

	
implement the organization of the transaction related to the purchase of the retail network GROS by Party 2;

	
-  

	
in arriving at the purchase of the retail chain GROS: pay to GROS on behalf of Party 2 in the amount generated between the contractual cost of the assets and the amount paid by Part 2; whereas Party 2 shall not be liable to return such amount to Party 1 due to the agreement between the Parties that the said amount shall be classified as capital expenditures of Party 2;

	
-  

	
recommend and present SM Market company to the investment banks;

	
-  

	
recommend and present SM Market company to the qualified lawyers in the US and Kazakhstan;

	
-  

	
assist and accommodate in preparation of business plan and financial development model for SM Market retail chain;

	
-  

	
assist in identification of strategic partners and candidates for merger.

	
B)  

	
Part 2 obliges to:

	
-  

	
follow all recommendations of Party 1 and carry out all necessary actions to implement all set goals;

	
-  

	
transfer to Party 1 interest in the new business structure planned to be formed in the future for the purposed of this Agreement. Amount of the share, business legal structure, and other questions related to the formation and functioning of the new business structure shall be discussed by the Parties in further agreements.

	
4.  

	
Each Party guarantees to the other Party that:

	
-  

	
it has all rights and capabilities upon this Agreement is signed;

	
-  

	
this agreement is and will be authorized, signed, given a proper manner and presents (or will represent on the day it is signed) itself as true and binding liabilities of each side;

	
-  

	
by signing this Agreement and following its provisions, it will not lead to violation of Parties, constituent documents or any provisions of Agreements or documents, side it presents or it is bind to, or any applicable law, statute, rules, standard act, court ruling, order or decree.

	
5.  

	
This Agreement, its terms, conduct and considerations of Parties, related to execution of this Agreement, and information related to Parties, which it discloses to the other Party, is regarded as confidential and will not be disclosed to any other party.

	
6.  

	
This Agreement is regulated and interpreted in compliance with the legal system of the Republic of Kazakhstan.

	
7.  

	
All disputes arising in relation to this Agreement that are not resolved by means of negotiation shall be resolved in the Arbitration Court of the Republic of Kazakhstan in compliance with the legal system.

	
8.  

	
This Agreement cannot be assigned in whole or in part without a prior written consent of the other Party, which can be denied for any reason or lack of reasons, however, Party can assign this Agreement to its affiliate based on agreement with other Parties.

	
9.  

	
This Agreement is executed in two copies.

	
10.  

	
Signatures of the Parties:

	
Party 1:

 

TOO “ELDORADO INVEST COMPANY”

050014, Almaty, Turksibskii district,

Pavlodarskaya Street, 82

IID 136467475, AB JSC “Kazkomrtsbank”

Code 724, MFO 190501724

TIN 600800524836

 

Director [Signature and seal] E. Salduzi

 

	
Party 2:

 

TOO “SM market retail”

050010, Almaty, Medeuskii district, Dostyk prospect 38,

r/s 121467189, AB JSC “Kazkomertsbank”

MFO 190501724 Code 724 TIN 600900584869

 

 

Director [Signature and seal] F. Yazdigani

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}]]