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t h e a u t h e n t i c a t i o n o f t h e p r e s e n t d o c u m e n t h a s b e e n r e q u e s t e d(t h e u t h e n t i c t i o n o f t h e p r e s e n t d o c u m e n t h s b e e n r e问u e s t e d)
THE AUTHENTICATION OF THE PRESENT DOCUMENT HAS BEEN REQUESTED
SWAP AGREEMENT
This Swap Agreement (the “Swap Agreement”) is entered into this day of […], 2009, by and between:
Romcarbon S.A., a joint stock company duly incorporated and organized under the laws of Romania, with headquarters in Buzau, 132 Transilvaniei Street, registered with the Buzau Trade Register under number J10/83/1991, sole registration code RO 1158050, duly represented by Mrs. Ileana Banucu as General Manager, hereinafter referred to as “RCB”
and
Iasi Logistic Parc S.R.L., a limited liability company duly incorporated and organized under the laws of Romania, having its headquarters in Iasi, 34 Bucium Street, section 2, 1st floor, room 3, registered with the Iasi Trade Register under number J22/1922/2006, sole registration code R duly represented by Mr. Andrew Stear as Director, hereinafter referred to as “ILP”,
each one referred to as the ?Party” and jointly referred to as the ?Parties”.
Whereas:
RCB holds freehold title over several plots of land located inside the locality borders of Iasi, at 29 Calea Chisinaului, Iasi County, Romania, having a total surface of approximately [90,000] sq. m., qualified for construction purposes, a number of old industrial buildings being erected on the land plots.
ILP holds freehold title over three plots of land located inside the locality borders of Miroslava, Iasi County, Romania, having a total surface of 143.500 sq.m.
RCB is considering investing into additional locations suited for industrial and commercial purposes and has identified ILP Land as a potential site for its purpose.
ILP is interested in acquiring the RCB Land for the purpose of developing a real estate project or extending the real estate projects already started on the neighboring land.
RCB is interested in participating to the real estate development on the RCB Land, by acquiring shares in ILP and entering into a joint venture agreement with the shareholders
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