AGENCY AGREEMENT

 
 
Concluded 02.10 2007
 

between:
 

« «City Estate» doo Sarajevo, Kolodvorska br.11a

Represented by Director Andrius Bukauskas

(Hereinafter referred to as: «The Client»)

 
 
 
and
 
Mirhad Durdevic Lawyer’s Office, A.Brauna br .8 Sarajevo
(Hereinafter referred to as: «The Representative»)
 

 
PART 1

SUBJECT OF AGREEMENT 

Article 1
 
 
On basis of mutual agreement and in accordance with conditions mentioned here, the Client
gives to the Representative EXPLICIT authorization to represent it in negotiation about
purchase of real estates in Bosnia and Herzegovina, checks in court and other state bodies all
regarding the real estates for which the Client decides, prepares contracts and other documents,
and gives legal opinions for the subject of representation.
 
Article 2
 
In terms of present Agreement the representation means acting on behalf and to the benefit of the
Client, lodging of all legal issues before the Notary Public, Court, Municipal Authorities, and
other State Bodies with the aim of subject of representation realization.
  
Article 3
 
As specified herein, exclusive representation means that the Representative shall be the sole
person through whom the Client shall protect its interests regarding the subject representation.
 

PART 2

OBLIGATIONS OF THE REPRESENTATIVE

 
Article 4
 
The Representative is obliged to:
 
11. -        Act in every respect in good faith and the best interest of the Client
12. -        Regularly inform the Client about course of his actions
13. -         Keep secrecy and not disclose confidential information
14. -        Perform all contracted works anticipated during the present Agreement in order to
realize the purchase of real estate, notwithstanding termination of the present Agreement.
15. In case the Representative submits to the Client incomplete or incorrect information,
which may cause damage to the Client, the Representative is obliged to compensate the
damage to the Client.

  

PART 3

OBLIGATIONS OF CLIENT
 
Article 5
 
The Client is obliged:
 
11. -         To fulfill all conditions under the present Agreement
12. -         To inform the Representative within the fastest term on his decisions that relate to
the subject of representation
13. -         To deliver to the Representative all relevant documentation which the
Representative would require
14. -         To bear all costs of representation as follows:
 

11. To regularly settle monthly invoice for representation issued by the Representative
12. For real estate which the Representative finds to pay the negotiated commission, hourly
wage should be avoided in this payment.

PART 4
 REPRESENTATIVE’S AWARD
 
Article 6
 
Negotiated hourly wage of the Representative is EUR 50 for each begun hour of work

The Parties shall separate negotiate the award for real estate which the Representative finds and
that award shall amount 3% of the value of subject real estate
 
 

Payments to the Lawyer’s Office shall be performed on the account of the Lawyer’s Office
number:

UNIKREDIT ZAGREBAČKA BANKA

3383202250638241
 
 
 In case of the Client’s unjustified abandonment the Representative shall receive the commission.
 
 
PART 5 
FINAL PROVISIONS
 
Article 7
 
Contracting Parties shall make the best efforts in order to solve any dispute in relation to this in
the way that they shall agree in the way as the acts of applicable law regulate in order to protect
the interests of both Contracting Parties.
 
Article 8
 
The present Agreement shall become valid and legally valid on the date of its conclusion by both
Contracting Parties and shall terminate upon the end of contracted engagement.
 
Article 9
 
The present Agreement could be terminated by written notice of 30 days, which period
commences on the first day of the following calendar month after the month when such written
notice was delivered to other Party. Each of Contracting Parties is entitled to make such written
notice at any time, but not before period of 2 (two) months after the date of this document
signing.
  
 Article 10
 
The present Agreement could be modified or changed only with written amendments concluded
by both Parties.
  
Article 11
 
The present Agreement was drawn up in four (4) copies of which two (2) of them each
Contracting Party receives.

After reviewing of this Agreement, the Parties state that the same was drawn up in accordance
with its true, free and coordinated will and without compulsion or unusually unfavorable terms
and conditions, and, in order to confirm the same both Parties write is signatures.
 
 
 
THE CLIENT THE REPRESENTATIVE
 
 
______________ _______________