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RESOLUTION OF THE SUPREME ECONOMIC COURT OF UKRAINE

of June 7, 2007

About agreement cancelation

(Determination of Trial chamber on economic cases of the Supreme Court of Ukraine of 02.08.2007 it is refused to open production on review)

Case No. 7/268-06-9137

NAME OF UKRAINE

The Supreme Economic Court of Ukraine as a part of board of judges:

the chief judge - Pershikov E. V.

judges: Danilova T. B., Hodakovskaya I. P.

considered the writ of appeal of JSC Black Sea Regional Center of Tourism

on the resolution of 22.02.2007. Odessa Economic Court of Appeal

on case N7/268-06-9137 of economic court of Odessa region

in the claim of JSC Black Sea Regional Center of Tourism

to TERRAKS LTD LLC

about agreement cancelation

With the participation of agents of the parties:

from the claimant - Yakovlev A. A., by proxy

from the defendant - Sorochan I. I., by proxy

YU.I. cymbals, by proxy

ESTABLISHED:

JSC Black Sea Regional Center of Tourism (further - joint stock company) filed the specified action for declaration (ampere-second. 50) to TERRAKS LLC of LTD. (further - Ltd company) in which asked to break off the agreement of 02.03.2006 on joint activities without creation of the legal entity, to evict from Ltd company from the building site to the address: Odessa, Pereulok Morskoy, 2, to oblige Ltd company not to interfere in construction of the family and improving complex located in coastal zone near the 8th station of the Big Fountain, to collect from Ltd company court costs and expenses on fee of the lawyer in the amount of 1000 UAH.

Claims are satisfied by the decision of economic court of 31.10.2006 completely and the agreement of 02.03.2006 on joint activities without creation of the legal entity is broken off on the future, the Ltd company from the building site to the address is evicted: Odessa, Pereulok Morskoy, 2, obliged Ltd company not to interfere with joint stock company and the contractors determined by joint stock company in construction of the family and improving complex located in coastal zone near the 8th station of the Big Fountain, Pereulok Morskoy, 2, are levied from Ltd company court costs.

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