INVESTMENT CONTRACT

"__" _________ 20___ No. ______ Minsk

The Republic of Belarus, represented by the Minsk City Executive Committee on behalf of which the Deputy Chairman KREPAK Alexander Petrovich is  acting on the basis of the Order of the Minsk City Executive Committee No.31p of 13.02.2019.  hereinafter referred to as "the Republic of Belarus", on the one hand, and ___________________________________________________________________________________________________________________________________________________________,

                                    (name of the legal entity, individual entrepreneur or last name, first name, patronymic of the individual)

represented by ______________________________________________________________________________________________________________________________,

                                                                (surname, first name, patronymic of the official, individual entrepreneur)

acting on the basis ____________________________________________________________________________________________________________________________,

                                                                 (regulatory legal act, charter, regulations or other document confirming authority)        

hereinafter referred to as the "Investor", on the other hand, collectively referred to as the Parties, guided by the Law of the Republic of Belarus of July 12, 2013 "On Investments", by the Decree of the President of the Republic of Belarus of August 6, 2009 No. 10 "On the creation of additional conditions for making investments in the Republic Belarus ", Resolution of the Council of Ministers of the Republic of Belarus of July 19, 2016 No. 563" On measures to implement the Decree of the President of the Republic of Belarus of August 6, 2009 No.10 ", expressing mutual interest in the successful implementation of the investment project as defined by the present Agreement, concluded the Investment Contract (hereinafter - Contractt) as follows:

DEFINITIONS

1. For the purposes of the Contract, the following terms and their definitions are applied:

"Investments" - any property and other objects of civil rights owned by the investor on the right of ownership, other legal grounds, allowing him to dispose of such objects, invested by the investor in the territory of the Republic of Belarus by the methods provided by the Law of the Republic of Belarus dated July 12, 2013 "On Investments", in the object of investment activities defined by this Contract;

"Investment activity" - actions of an investor in investing investments in an investment project defined by this Contract;

"investment project" -  ______________________________________________________________________________________________________________________________;

                                                                                 (full name of the investment project)

"an object" -  _______________________________________________________________________________________________________________________________________;

                                                                          (the result of the implementation of the  investment project)

"investor" -  ______________________________________________________________________________________________________________________________________;

   (legal or natural person carrying out the investment activity, state registration certificate for legal entities or individual entrepreneurs - residents of the Republic of  Belarus, proof of legal status for legal entities - non-residents of the Republic of Belarus)

"organization" - an organization implementing an investment project, created in the established manner by the investor or in relation to which the investor has the opportunity to determine the decisions made by it on the grounds established by law.

Terms not designated by this Contract shall be understood in the meanings determined by the legislation of the Republic of Belarus.

SUBJECT OF CONTRACT 

2. The subject of the Contract is the investment activity carried out by the Investor in the Republic of Belarus on the implementation of the investment project stipulated by this t.

3. The object of the investment activity is the creation, as a result of the implementation, of an investment project  ___________________________________________________________________________________________________________________________________________________

                                                        (result of implementation of an investment project)

in the territory of the city of Minsk in accordance with the master plan for the development of the city on a land plot with an estimated area of ​​_____ ha.

_________________________________________________________________________________________________________________________________________________.

                                                       (indicate the space-planning characteristics of the object)

The area of ​​the land plot, the space-planning characteristics and the functional composition of the object are approximate and can be specified in the process of developing project documentation for the object within the limits provided for by the town-planning documentation and legislation.

4. The implementation period (total investment period) of the investment project defined in this agreement is _______________________________________________________, including:

                                                                                                                                                                         (month, year) start and end)

Stage 1. Submission of documents, information necessary for the development and approval of the act of choosing the location of the land plot: _________________________________________________________________________________________________________________________________.

                               (specify the dates (month, year) of the beginning and end of the stage)

Stage 2. Presentation to the organization of land management of an agreed in the prescribed manner master plan of the facility with the projected engineering networks, developed as part of the architectural project or the approved part of the construction project - in the timeframe determined by the act of choosing the location of the land plot or the relevant decision of the Minsk City Executive Committee (if such a decision is taken).

Stage 3 Development of all necessary project (design and estimate) documentation, taking into account the passage of its state examination, in the terms specified by the act of choosing the location of the land plot or by the relevant decision of the Minsk City Executive Committee (if such a decision is taken).

Stage 4. Construction of the facility  ______________________________________________________________________________________________________________________

                                                                        (specify the dates (month, year) of the beginning and end)

Starting construction complexes: _________________________________________________________________________________________________________________________.

                                                                                 (if available, indicate the dates (month, year) of the beginning and end*)

The date of completion of the construction is ______________________________________________________.

                                                                        (indicate the end of the implementation period)

In the event of defining start-up complexes of construction, by the actual date of completion of construction of the start-up complex the date of approval of the act of acceptance for commissioning of the start-up complex is adopted.

The actual date of completion of the construction of the facility is the date of approval of the act of acceptance for operation of the last start-up complex.

In the absence of start-up construction complexes, the actual completion of the construction  shall be the date of approval of the acceptance certificate for operation of the completed construction facility (the last of the construction facilities).

5. The volume of investments under this Contract is approximately______________ ____________________(________________________________________) Belarusian rubles,

                                                                                                                              (amount)                                   (amount in words)

including:

Stage 1 - ______________ (________________________________) Belarusian rubles;

               (amount)                        (amount in words)

Stage 2 - _____________ (__________________________________) Belarusian rubles;

                 (amount)                        (amount in words)

___________________________

* If it is impossible to determine the exact dates of completion of construction, it is possible to refer to the normative duration  of the construction as determined in accordance with the solution made by the bodies of state expertize.

Stage 3 - _____________ (_________________________________) Belarusian rubles.              

                   (amount)                        (amount in words)         

Stage 4 - ____________ (__________________________________) Belarusian rubles.

                    (amount)                        (amount in words)

In case of defining starting complexes of construction, specify their volume of investments.

Country of origin of investments -_______________________________________________.

Sources of investments -_________________________________________________________.

If the country of origin of investments changes, the Investor shall notify the Minsk City Executive Committee in writing within five working days from the date of the occurrence of the new investment obligations.

The declared volume of investments is minimal and can be changed upwards after the development and examination of the design and estimate documentation for the facility.

RIGHTS AND OBLIGATIONS OF THE PARTIES

6. The investor must:

6.1. ensure the implementation of the investment project in the volumes and in the terms defined by this Contract;

6.2. ensure compliance with legislation in the field of investment, financial activity, tax legislation, labor and employment legislation, environmental protection and rational use of natural resources, architectural, city-planning and construction activities, including the requirements of regulatory legal acts on the organization, fencing and the maintenance of the construction site (with the obligatory installation of opaque enclosing structures with the design of advertising banners with a height of at least three meters), other legislation of the Republic of Belarus;

6.3. in the event of termination of this Contract on grounds other than the fulfillment by the investor of its obligations under the Contract, reimburse in the manner and time specified by law the funds in the amount received on the basis of the Decree of the President of the Republic of Belarus of August 6, 2009 No. 10 "On creating additional conditions for making investments in the Republic of Belarus" and this Contract of benefits and preferences and pay the penalty provided for in this Contract, taking into account the requirements of the law;

6.4. in accordance with the procedure established by the legislation, carry out the construction of the facility, including self-financing of the development of land management documentation for the relevant land plot, as well as technical documentation for engineering and technical support for the construction site (technical conditions), reimbursement of budget expenditures for the preparation of land management for the relevant land plot if available , ensure the timely commissioning of the facility, as well as the state registration of its creation and rights to real estate, bear the relevant costs;

6.5.carry out at its own expense the construction, transfer of installations of the main, distributive and on-site engineering and transport infrastructure necessary for the construction, operation and maintenance of the facility, to the connection points of the facility in accordance with the technical conditions of operating organizations, unless otherwise established by law;

6.6. reimburse landowners in the established order for damages caused by the seizure and / or temporary occupation of land plots, demolition of real estate installations located on them, as well as restriction of land users' rights or deterioration of land quality as a result of the influence caused by the Investor’s activities, to which land plots are allotted ;

6.7. in case of withdrawal of the land plot due to the violation by the Investor (organization) of the terms of this Contract, at its own expense bring it into a condition suitable for further use, including, if necessary, land reclamation and demolition of immovable property, or unfinished construction of unlaid facilities belonging to the Investor, as well as compensate for the damage caused to the state, including in terms of the cost of remote plant world objects;

6.8. take no actions that are unfair competition, as well as actions (inaction) aimed at preventing, eliminating or restricting competition, causing harm to the rights, freedoms, and legitimate interests of others;

6.9. provide financing of the investment project at the expense of foreign direct investment in the amount of not less than 70% of the total investment volume specified in paragraph 5 of this Contract;

6.10. within three months from the date of registration of this Contract in the State Register of Investment Agreements with the Republic of Belarus, take the necessary measures to develop and sign an investment project implementation schedule with the Minsk City Executive Committee which should include the terms for collecting technical conditions, concluding agreements with the general project and general construction organizations, design and survey work (including presentation to a land management organization the general plan of the facility agreed in the established procedure with the projected engineering networks and the development of project documentation in full), the beginning and end of the stages (phases, start-up complexes) of construction, with an indication of the timing of these works and the amount of their financing by the specified dates;

6.11. to provide information on the implementation of the investment project and on the volume of funds used, statistical data on the flow of investments in the established forms of state statistical reporting, and to the  administration of the district of Minsk in the territory of which the investment project is being implemented, in the prescribed form of departmental statistical reporting, as well as at separate requests of the Minsk City Executive Committee, the administration of the district of Minsk in the territory of which the investment project is being implemented;

6.12. notify the Minsk City Executive Committee in writing of the reorganization and (or) change of the owner of the property of the Investor (organization), the composition of the participants at least two months before the date of their implementation;

6.13. within five working days from the date of the establishment of the organization, send a notification to the Minsk City Executive Committee indicating the full name of the organization and its registration number in the Unified State Register of Legal Entities and Individual Entrepreneurs;

6.14. within five working days from the date of the conclusion of the construction contract with the contractor in the construction activity carrying out the construction of the facility provided for in this contract (hereinafter referred to as the contractor), or the contract agreement for the design and survey work with the developer of the project documentation, send a notification to the Minsk City Executive Committee indicating the full name (for an individual entrepreneur - last name, first name, patronymic (if any) and registration number in the Unified State Register of Legal Entities and Individual Entrepreneurs) of the contractor or developer of the project documentation;

6.15. within one month from the date of the conclusion of the investment contract (supplementary agreement to it), submit a copy of the investment contract (supplementary agreement to it) to the tax authorities at the place of registration of the Investor (organization).

7. The investor has the right:

7.1. to be provided without holding an auction for the right to conclude a lease agreement for a land plot, an auction with conditions for the right to design and build capital buildings (buildings, structures) and an auction for the sale of land plots to private ownership (hereinafter referred to as the auction) with a land plot included in the list of land plots for providing investors under Decree No. 10 of the President of the Republic of Belarus of August 6, 2009, on real rights in accordance with the legislation on the protection and use of land.

Registration of the necessary documents for the allocation of a land plot is carried out simultaneously with the construction works, if there is an act of choosing a location for a land plot (if, in case of withdrawal and provision of a land plot in accordance with the legislation, the site is preliminarily approved in accordance with the established procedure) and if there is design documentation for the construction facility (on separate lines of construction). At the same time, during the construction of the facility provided for in this contract, the occupied land plot is used to remove the fertile soil layer using it under the conditions specified in the act of choosing the location of the land plot;

7.2. to build the facility provided for in this contract, with the right to remove objects of the vegetable kingdom without making compensation payments for the cost of the objects of the vegetable kingdom being removed.  The resulting wood is sold in the manner prescribed by law;

7.3.  to make, in the manner prescribed by law, no later than the reporting period for value-added tax, which is the date of completion of the investment project provided for in this contract, a deduction in full of the amounts of value-added tax recognized, in accordance with the law, by tax deductions (except for amounts of tax not subject to deduction), imposed upon acquisition in the territory of the Republic of Belarus (paid upon importation into the territory of the Republic of Belarus) of goods (works, services), property rights used for construction, equipment of the facility provided for in this contract, regardless of the amount of value-added tax estimated on the sale of goods (works, services), property rights. The goods, used for the construction of the facility provided for in this contract, for the purposes of applying the provisions of this sub-clause, also include facilities, reconstruction, restoration, overhaul of which is provided for in the investment contract and started in accordance with the act of establishing the date for the start of construction of the facility, as well as immovable property (unfinished objects not completed by construction), demolished (disassembled) in order to implement the investment project. The amounts of value added tax accepted for deduction in full are determined by the method of separate accounting of tax deductions depending on the directions of use of goods (works, services), property rights purchased in the territory of the Republic of Belarus (imported into the territory of the Republic of Belarus). The basis for such a deduction is the list of goods (works, services), property rights acquired in the territory of the Republic of Belarus (imported into the territory of the Republic of Belarus) and submitted by the Investor and (or) the organization to the tax authorities at the place of the Investor’s and / or organization’s registration. and used for construction, equipment of the facility provided for in this contract, with indication of their name, quantity, value, corresponding amounts of value added tax, details of primary records. The list of goods (works, services), property rights is subject to agreement in accordance with the procedure established by law;

7.4.to determine, without carrying out the procedures established by law, the contractor or the developer of the project documentation, suppliers of goods, service providers for construction, including reconstruction, of the facility provided for in this contract. This right does not apply to the implementation of public procurement of goods (works, services);

7.5. to be exempt from payment of fees for the right to enter into a lease agreement for a land plot provided for lease without holding an auction for the construction of the facility provided for in this contract;

7.6. to be exempt from land tax for state-owned or privately owned land, and rent for state-owned land. And this exemption applies to land plots (except for land plots (parts of land plots) occupied by facilities of extra normative incomplete construction, recognized as such for the purposes of charging, respectively, land tax or rent for land plots owned by the state and in due time not returned, as well as occupied by unauthorized persons),allocated for the construction of the facility provided for in this contract (for the maintenance of this facility after the end of its construction, if previously such plots were provided for the specified construction), from the first day of the month in which the investment contract entered into force, until December 31 of the year following the year in which the last of the facilities provided by this contract was commissioned. Upon termination of this contract due to non-fulfillment or improper fulfillment by the Investor of his obligations under the contract, the Investor and the organization shall lose the right to this benefit from the date of such termination;

7.7.to be exempt from compensation for losses of agricultural and (or) forestry production caused by the withdrawal of a land plot;

7.8.to be exempt, during the term of this contract, from payment of import customs duties (taking into account the international obligations of the Republic of Belarus) and value added tax levied by customs authorities during the importation of technological equipment, components and spare parts to the territory of the Republic of Belarus for exclusive use in the territory of the Republic Belarus in order to implement the investment project.

The basis for granting privileges specified in the first part of this sub-clause is the submission to the customs authority of the resolution issued, unless otherwise established by the President of the Republic of Belarus, by the Minsk City Executive Committee, confirming that the technological equipment, its components and spare parts are imported (have already been imported) for exclusive use in the territory of the Republic of Belarus for the implementation of the investment project, and for the purposes of exemption from import customs duties - for the fulfillment of conditions set by the international instruments which constitute the legal base of the Customs Union and Common Economic Space, and (or) acts constituting the right to the Eurasian Economic Union.

With regard to the technological equipment, components and spare parts for it imported with the provision of benefits specified in the first part of this subclause, restrictions on the use and (or) order are valid until the end of the investment project, but not more than five years from the date of placement of such technological equipment, components and spare parts for it under the relevant customs procedure.

In the case of inappropriate use of technological equipment, components and spare parts for it, imported with the provision of benefits specified in the first part of this subparagraph, import customs duties and value added tax are paid (charged) in accordance with the law;

7.9. to be exempt from payment of value added tax and income tax, the obligation to pay which arises in connection with the gratuitous transfer (receipt) of capital constructions (buildings, structures), isolated premises, facilities of unfinished capital construction and other fixed assets that are transferred (have already been transferred), for the purpose of implementing the investment project under this contract, into the ownership, economic management or operational management of the Investor and (or) the organization;

7.10. to be exempt from payment of state duty for issuing (extending the term of) permits for attracting foreign labor in the Republic of Belarus, special permits for labor activity in the Republic of Belarus, and foreign citizens and stateless persons, attracted by the Investor, organization, contractor or developer of the project documentation for the implementation of the investment project, - from paying the state fee for issuing (extending the term of) permits for temporary residence in the Republic of Belarus;

7.11. to define in the construction project stages of work with the peformance of work on the construction of the facility at the current stage simultaneously with the execution of design work for the subsequent stages in the presence of an architectural design approved in the prescribed manner.

8. The Republic of Belarus is obliged to provide the Investor with benefits and preferences defined by clause 7 of this comtract in the manner and on the conditions provided for by the legislation and this contract.

If the Investor complies with the deadline for completion of the facility specified in this contract and fulfills other conditions for granting a benefit defined by subparagraph 7.6 of paragraph 7 of this contract, the said benefit will be valid until December 31 of the year following the year in which the last of the facilities stipulated by this contract was commissioned.

9. The Republic of Belarus has the right:

9.1. to refuse to fulfill its obligations under the contract unilaterally in the event of default or inadequate fulfilment by the Investor of its obligations under the contract, including:

9.1.1. if the Investor does not comply with the design deadlines determined by the act of selecting the location of the land plot and (or) by the relevant decision of the Minsk City Executive Committee on their extension;

9.1.2. in case of negative results of public discussion (and / or mass public speaking) against the implementation of the investment project provided for in this contract;

9.1.3. in case the  Investor or the organization fails to submit to the Minsk City Executive Committee within the period provided for by subparagraph 6.12 of paragraph 6 of this contract a written notice of reorganization and (or) change of the owner of the property, composition of participants, as well as in case of reorganization and (or) change of the owner of the property, the composition of the participants in the presence of an objection received from the Minsk City Executive Committee on these circumstances;

9.1.4. if before the expiration of the investment project, including its stages, construction phases, start-up complexes, certain types of work stipulated by this contract (the investment project implementation schedule), it becomes obvious that there will be a substantial violation of the terms of this contract;

9.2. to compensate by the Investor, in the event of termination of this contract on the grounds other than the execution by the Investor and (or) the organization of its obligations under the contract, in the manner and time specified by law, the monetory resources in the amount received on the basis of the Decree of the President of the Republic of Belarus No. 6 of August 2009 10 "On the creation of additional conditions for the implementation of investments in the Republic of Belarus" and the benefits and preferences under this contract, and the payment by the Investor of the penalty stipulated by this contract, taking into account the requirements of the legislation;

9.3. to apply other measures of responsibility (measures to ensure the fulfillment of obligations) established by the legislation and / or this contract for violation of the terms of this contract;

9.4. to recognize the act of choosing the location of the land plot as invalid in case of the Investor’s violation of the project’s design deadlines, to withdraw the land plot provided to the Investor for the construction of the facility in case of violation of the construction deadlines;

9.5. to terminate the right to lease the land plot on the grounds provided by law.

RESPONSIBILITY OF THE PARTIES 

10. The Investor undertakes to reimburse, in accordance with the legislation of the Republic of Belarus, the losses incurred by the Republic of Belarus in the event that the Investor fails to fulfill or improperly fulfill its obligations under the contract.

In accordance with the legislation, the Republic of Belarus reimburses losses caused to the Investor as a result of illegal actions (inaction) of officials of the Minsk City Executive Committee.

11. The investor is responsible for the violation of obligations under this contract in accordance with the legislative acts of the Republic of Belarus and this contract.

The violation by the Investor of the requirements of the regulatory documentation and the project for the organization, fencing or maintenance of the construction site entails liability in accordance with the legislation of the Republic of Belarus.

12. If the Investor violates the investment project implementation timeframes or of the beginning and (or) end of its phases (start-up construction complexes) specified in clause 4 of this contract, the Investor pays a penalty in the amount of 0.01% of the investment amount for the project or the corresponding stage (the start-up complex of construction), respectively, stated in clause 5 of this contract, for each day of exceeding the time limits in excess of the contractual, but not more than 10% of this amount.

In case of delay in commencement and (or) termination of the corresponding stage (deadline), beyond the commencement and (or) end of the next stage (deadline), the penalty for the previous phase is charged until the start of the next phase (deadline ), if for such a stage (type of work) there are established separate terms, as well as the grounds and base amount for the accrual of penalties for their violation.

The investor, the organization may be exempt from the penalty in the presence of circumstances confirming the absence of their guilt in violation of the terms of this contract for which a penalty is charged.

13. In case of an unauthorized change in the functional and architectural concept of the facility provided for in this contract, expressed in the presentation by the organization authorized by the Investor to the bodies of the Republican Unitary Enterprise "Glavgosstroyexpertiza" and / or the inspection of the Department for Control and Supervision of Construction in Minsk of project (pre-project) documentation containing design solutions not agreed by the architecture and urban planning authority and / or significantly different from the documentation agreed upon by this authority in terms of the basic technical and economic parameters and / or space-planning characteristics of the facility planned for construction, the Investor is responsible in the manner and to the extent stipulated by the legislation.

FORCE MAJEURE CIRCUMSTANCES 

14. None of the Parties is responsible for the complete or partial failure to fulfill their obligations if the failure is the result of force majeure circumstances such as flood, fire, earthquake, other natural disasters, military actions, acts of terrorism and strikes that occurred after the conclusion of this contract and affecting its proper execution.

15. The party for which the impossibility of performance of obligations under this сщтекфсе has been created shall be obliged to notify the other Party in writing of the occurrence, the expected period of validity and the termination of the circumstances specified in paragraph 14 of this contract no later than 10 days from the moment they occur. The facts stated in the notification must be confirmed by the competent authorities or by an appropriate act of the state body.

16. If any of the circumstances set out in clause 14 of this contract directly affected the period of performance of obligations set forth in this contract, then this period is commensurately postponed for the duration of the relevant circumstances.

17. Failure to notify or late notification of the occurrence of force majeure circumstances deprives the Party of the right to rely on them as a basis exempting from liability for failure to fulfill or improper performance of obligations under this contract.

18. In the event of force majeure circumstances exceeding 180 calendar days, this contract may be terminated taking into account the requirements specified in clause 27 of the contract.

ORDER AND DISPUTE BODY 

19. If there are disagreements or disputes arising from the contract between the Parties, the Parties will seek to resolve such disputes through negotiations, recognizing mutual interests. The pretrial claim procedure for settling a dispute between the Parties shall be deemed mandatory. The written claim is subject to consideration within 30 calendar days from the date of its receipt.

20. All disputes, disagreements and claims arising in connection with the execution of this contract shall be settled in accordance with the acts of legislation of the Republic of Belarus in the Economic Court of Minsk.

21. The law applicable to this contract is the law of the Republic of Belarus.

22. On all matters not regulated by the contract, the Parties are guided by the legislation of the Republic of Belarus. 

CONFIDENTIALITY 

23. The terms of this contract and its annexes are confidential.

24. The Parties undertake to comply with the legislation of the Republic of Belarus in the field of confidentiality of information and commercial secrets.

PERIOD OF VALIDITY OF THE CONTRACT 

25. This contract enters into force from the date of its registration in the State Register of Investment Agreements with the Republic of Belarus and is valid until the Investor fulfills his obligations under this contract, unless it is terminated on other grounds provided by law.

26. This contract may be terminated in the following cases:

the fulfillment by the Investor of his obligations hereunder;

liquidation of the Investor;

signing by the Parties of an agreement on cancellation (termination) of the investment contract;

implementation by the Republic of Belarus of its right to unilateral refusal to fulfill its obligations under the contract in accordance with sub-clause 9.1 of clause 9 of this contract.

In case of a unilateral refusal of the Republic of Belarus to fulfill obligations under the contract, the contract shall be deemed terminated from the date of the Minsk City Executive Committee’s decision to terminate the Investment Contract or from another date specified in this decision.

In the event of termination of the contract due to the fulfillment of obligations,the date of termination of the contract shall be deemed the date specified in the decision of the Minsk City Executive Committee to terminate the Investment contract.

Termination of the contract does not exempt the Investor from measures of responsibility for its violation (including the use of measures to ensure the fulfillment of obligations under the contract), including those provided for in paragraphs 12 and 13 of this contract.

27. The Party intending to terminate the contract shall notify the other Party of the termination of the contract within 30 calendar days.

Upon termination of this contract, the costs incurred by the Investor during the implementation of the investment project are not reimbursed by the Republic of Belarus, except for cases expressly provided for by the legislation.

28. This agreement may be amended or supplemented by concent of the Parties during the implementation of the investment project.

All changes and additions to this contract are made in writing, signed by authorized persons of the Parties, are an integral part of this contract and are subject to registration in the State Register of Investment Agreements with the Republic of Belarus in the manner prescribed by law.

FINAL PROVISIONS 

29. This contract is made in 2 (two) original copies in Russian, one copy for each of the Parties. All copies of the contract are identical and have the same legal force.

30. In the event of a change in their details, the Parties shall notify each other in writing within five working days.

31. This contract is subject to registration in the State Register of Investment Agreements with the Republic of Belarus in the manner prescribed by law.

DETAILS AND SIGNATURES OF THE PARTIES 

Republic of Belarus                                                                                                Investor

Minsk City Executive Committee

 

Minsk 220030

Nezavisimosti Ave., 8

a/с BY86BLBB36040100621571001001

Directorate of OJSC "Belinvestbank"  for the city of Minsk and Minsk Region, code BLBBBY2X

Registration number 100621571

 

Deputy Chairman

___________________ A.P. KREPAK

Stamp