AGREEMENT to Contract No. UV/ZGP-2 of November 5, 2006
Exhibit
99.1
to
Contract No. UV/ZGP-2 of November 5, 2006
Moscow
June
2,
2008
This
Agreement was concluded between the Limited Liability Company (OOO) Gornaya
Corporatsia Zbaykalgeoprom, referred to in Contract No. UV/ZGP-2 of November
5,
2006 hereafter as the “Seller”, in the person of Director General V. I.
Xxxxxxxx, acting on the basis of the Charter, for the first party, and the
Limited Liability Company (OOO) UniverKompani, referred to in the above Contract
hereafter as the “Purchaser”, in the person of General Director E. L. Belchenko,
acting on the basis of the Charter, for the second party, did conclude this
Contract on the below:
1.
THE SCOPE OF THE AGREEMENT
1.1
Based
on Contract No. UV/ZGP-2 of November 5, 2006, the Seller transferred to the
Purchaser man-made tailings belonging to the Seller by right of ownership,
according to a Receipt and Transfer Act dated December 6, 2006, in the volume
of
10,000 tons to the value of 51,979,000 (fifty-one million, nine hundred and
seventy-nine thousand) rubles, and a Receipt and Transfer Act dated December
15,
2006 in the number of 123,271 tons to the value of 640,750,330.9 (Six hundred
and forty million, seven hundred and fifty thousand, three hundred and
thirty-one) rubles and 90 kopecks. The total volume of property thus accepted
by
the Purchaser amounted to 133,271 (One hundred and thirty-three thousand, two
hundred and seventy-one) tons, for the total value of 692,729,330.9 (Six hundred
and ninety-two million, seven hundred and twenty-nine thousand, three hundred
and thirty) rubles and 90 kopecks (Invoice No. 1106/OT dated December 6, 2006,
No. 1109/OT dated December 15, 2006). The receipt of property was conducted
at
the goods storage facility of OAO Artel Startelei Soyuz, at the address: B-2,
Xxxxx village, Chitinskaya Oblast, Russian Federation.
1.2.
The
Parties hereby reached an Agreement to return the property accepted by the
Purchaser to the Seller, due to the fact that it is not now economically
feasible to process the man-made tailings, due to the absence of financial
resources or technological facilities to extract precious and rare-earth metals
from this type of property. By this Agreement, the Parties affirm the absence
of
claims against one another under Contract No. UV/ZGP-2, dated November 5, 2006.
The Purchaser must perform the return of the above property no later than June
30, 2008.
This
Agreement was written up in 2 copies, one for each Party, and each copy has
identical legal force.
2.
THE ADDRESS AND PAYMENT DATA OF THE PARTIES
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SELLER:
OOO
Gornaya Korporatsia
INN/KPP:
03130042/031301001
00/0
Xxxxxx Xxxxxxxxxxxx, Xxxxxxx xxxxxxx, Xxxxxxx District, Buryatia,
Russian
Federation
settlement
acc.: 4070281060940100045 at Muyskuy OSB: No. 8502,
correspondent
acc.: 30101810900000000607
BIC
042520607
[stamp]
[signature]
V. I. Xxxxxxxx
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PURCHASER:
OOO
UniverKompani
INN/KPP:
7733171698/773301001
xxxx.
0, 0 Xxxxxxxx Xxxxxxxx, Xxxxxx
settlement
acc.: 40702810100000000545
correspondent
acc.: 30101810900000000171
BIC:
044579171
AKB
(OAO) Azimut
[stamp]
[signature]
E. L. Belchenko
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ACT
on
the return of man-made tailings, received in compliance with
Contract
No. UV/ZGP-2 of November 5, 2006
Klichka
village,
Chitinskaya
Oblast
June
2,
2008
We,
the
undersigned, on behalf of the Seller, OOO Gornaya Korporatsia Zabaykalgeoprom,
Director General V. I. Xxxxxxxx, and on behalf of the Purchaser, OOO
UniverKompani, Director Xxxxxxx X. X. Belchenko, do certify with this Act,
that
the Purchaser has performed the return, and the Seller has accepted, man-made
tailings from the former mining enterprise Nerchinskie Rudniki, in the volume
of
133,271 (One hundred and thirty-three thousand, two hundred and seventy-one)
tons, previously received by the Purchaser in compliance with Contract No.
UV/ZGP-2 dated November 5, 2006 (Receipt and Transfer Acts dated December 6,
2006 and December 15, 2006).
The
total
cost of man-made tailings accepted by the Seller was determined by the parties
in the volume of 692,729,330.9 (Six hundred and ninety-two million, seven
hundred and twenty-nine thousand, three hundred and thirty) rubles and 90
kopecks.
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On
behalf of the Seller:
[stamp]
[signature]
V. I. Xxxxxxxx
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On
behalf of the Purchaser:
[stamp]
[signature]
E. L. Belchenko
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