Date: 2010-06-02 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 49/2010

Date: 2010-06-02

Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Subject: Conclusion of significant agreement

The Board of Chemoservis-Dwory S.A. („the Issuer”, „the Company”) informs that the company acting as Sub-executor (PW) signed on June 2nd, 2010 agreement with General-executor (GW)  REMAR  Sp. z o.o. with its registered office in PÅ‚ock, ul. Dworcowa 46.

Subject of the agreement are works and supplies necessary to build Section 400 together with accompanying instalations, able to start and produce, localized in Tychy, ul. Przemysłowa 64. The subject of the agreement will be executed in exchange for remuneration ammounting to PLN 5 150 000 + VAT.

In order to secure proper realization of the agreement, GW – REMAR Sp. z o.o. will receive from due payments each time 20% (twenty percent) of net value of agreement.

In order to secure elimination of faults and defects during sub-executor’s guarantee period, Sub-executor - Chemoservis-Dwory SA. will supply bank or insurance guarantee amounting to 10% of net value of the agreement for a period of 24 months.

Form of secure of proper realization of agreement during guarantee period is up to Sub-executor - Chemoservis-Dwory S.A. decision. 

Sub-executor - Chemoservis-Dwory S.A. will pay to GW - REMAR  Sp. z o.o. fortfeit for delays in date of realization, preparation of agenda, elimination of faults of subject of the agreement – no higher than 15% of the agreement’s net value.

Sub-executor - Chemoservis-Dwory SA  will pay to GW - REMAR Sp. z o.o. fortfeit for withdrawing from the agreement due to reasons laying on the sub-executor side – no higher than 15% of the agreement’s value.

GW may claim a compensation higher than agreed fortfeit ammounts. Total value of agreements signed during last twelve months with REMAR Sp. z o.o. ammounts to PLN 5 199 914,96 net + VAT (2 transactions). Criterion of signigicant agreement arise from exceeding of 10% of revenue from sale of Chemoservis-Dwory S.A. during last four fiscal quarters.

Legal ground of this current report is § 5 sec. 1 p. 3 of Regulation of Ministry of Finance from February 19th, 2009 on current and periodic information published by issuers of securities and on conditions of recognition of information required by law of a non-member country as equal (Dz. U. No 33 from year 2009 pos. 259).