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Provision of Information

Prior to payment of each part of the Purchase Price by the Purchaser pursuant to Clause 3 hereof the Seller shall immediately notify the Purchaser in writing of any:

(a) litigation, arbitration, administrative or investigative proceedings before any court or agency started or threatened with respect to the Share or the Company;

(b) arrest, attachment, claim or other event or circumstance, which may have a Material Adverse Effect on the legality, validity or enforceability of any rights of the Purchaser to the Share or any rights of the Purchaser under this Agreement;

(c) notice, order, directive, designation, resolution or proposal relating to the Shares or the Company by any public body or authority under or by virtue of any statutory power or powers conferred by law; and

(d) any other changes to the Share or the Company.

The Seller shall, upon request of the Purchaser, promptly provide to the Purchaser any information in relation to the Share.

Costs

The costs and expenses in connection with the execution of this Agreement including any bank commissions, as well as any related or ancillary documents required by the Belarusian laws to implement the Transaction as stipulated in this Agreement shall be paid as follows:

[·] [CLIENT: PLEASE NEGOTIATE THIS CLAUSE AS PER MY INSTRUCTIONS]

TERMINATION

Term of the Agreement

This Agreement shall enter into force as of the day of its execution by the authorized representatives of the Parties and shall remain in force until the moment of fulfillment by the Parties of all their obligations under this Agreement, unless a ground for termination under applicable law and the present Agreement occurs before that.


Date: 2015-02-16; view: 928


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