Investm. Agreement

5. Term of validity of Contract and termination of Contract. Contract is valid from moment of its signing. Present Contract shall be considered as finished after successful completing by Parties of their respective obligations under present Contract and settlement of all contractual payments. Contract can be terminated by mutual written decision of both Parties of this Contract.


6. Responsibility of Parties. Party, breached its obligation under present Contract, is obliged immediately inform about such fact other Party and make all depending from it to eliminate all breaches. Parties carry sole responsibility for their obligations to third persons, if other is not expressly stipulated in additional Agreements (or in Annexes to this Contract) about responsibility to third persons.


7. Disputes settlement. All disputes and disagreements, arising from present Contract or connected with it are settled, if possible, by negotiations between Parties. This Contract is a full recourse Loan commitment enforceable under the laws of jurisdiction of the countries where the underlying transaction is effectuated, and any dispute is to be resolved under the ICC rules for arbitration, unless the aggrieved party takes legal action in a court of jurisdiction of the Swiss, British or any European Union Country law shall be the applicable law, as the aggrieved party may choose, and shall govern the interpretation, construction, enforceability, performance, execution, validity and any other such matters regarding this Contract. The Parties hereto acknowledge and agree that any discrepancy and/or dispute in application of this Contract will be solved amicably, but if this is not possible, the arbitration procedure is to be followed.


8. Changing conditions of Contract. The Conditions of this present Contract are obligatory to both Parties of this Contract and can be changed only with mutual agreement of both Parties of Contract, made on written. The Parties will insert all changes and additions in Annexes to this Contract, which are an integral part of this present Contract. This Contract is intended to be performed in accordance with, and only to the extent permitted by, all applicable laws of jurisdiction, ordinances, rules and regulations. If any provision of this Contract be considered invalid or unenforceable, then, the reminder of this Contract shall not be affected and shall be enforced to the greatest extent permitted by law. No Party has right to transfer its rights under present Contract to third person without the written permission of other Parties of this Contract.