Agreement





                                               
AGREEMENT



Agreement between Lions Club Vallentuna Sweden, hereinafter referred to as LCVS, and Maternity Hospital Novozybkov Russia, hereinafter referred to as MHNR, regarding payments from MHNR´s account (nr N40603840308190200005) in the Savings Bank of the Russian Federation, hereinafter referred to as SBRF.


§1
All orders of payments from the above standing account shall be signed by the signatory of MHNR, Chief Doctor Vladimirovna Lidija Bavkonova. Before any payments can be done from the account, the undersigned orders of payments has to be sent by facsimile transmission to LCVS, for approval by the president of LCVS, Mr Anders Ronnholm.


§2
All demanded payments mentioned above, has to be verified with attested supporting documents such as invoices, also sent by facsimile transmission to LCVS for approval by Mr Anders Ronnholm. The invoices and similar documents have to be attested by the signatory of MHNR, the mayor of Novozybkov, Ivan Nestorov, and by a representative of SBRF.


§3
By the end of each month, or whenever asked for by LCVS, a statement of account shall be sent by facsimile transmission to LCVS from SBRF.


§4
Attested documents that prove the signatory’s right to sign for MHNR, the mayor’s right to sign for the city of Novozybkov and the representatives right to sign for SBRF shall immediately be distributed to LCVS. Every change of signatory for MHNR has to be communicated with LCVS.

§5
By the end of each month MHNR shall send detailed information about their activities to LCVS.

§6
The agreement may be terminated prematurely, without notice, only for justifiable reason.


§7
All changes to any clauses in this agreement will only be valid if they are in writing and have the approval of both parties.


§8
This agreement is to be interpreted according to Swedish law.


§9
This agreement has been written in two originals and the parties have taken one each.



Vallentuna       /     2003                          Novozybkov       /     2003

Lions Club Vallentuna Sweden               Maternity Hospital Novozybkov Russia

___________________________           ___________________________
Anders Ronnholm                                      Bavkunova Lidija Vladimirovna






We have taken part of this agreement:

 Novozybkov       /     2003                       Novozybkov       /     2003

The mayor of Novozybkov                                            The Savings Bank of the Russian Federation
                                                                 (Novozybkov office)

___________________________           ___________________________
Ivan Nestorov                                           Valentina Anikeeva Petronova