Date: 2010-08-10 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 70/2010

Date: 2010-08-10

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

Subject: Conclusion of a significant agreement by the Issuer

The Board of Chemoservis-Dwory S.A. („the Issuer”, „the Company”) informs that on August 10th, 2010 the Company, acting as Subcontractor, and REMAR Sp. z o.o. with its registered office in Warsaw and acting as the Ordering side, signed the agreement for realization of warehouse containers for methyl esters Z-03, Z-04 and warehouse container for pharmaceutical glycerine Z-16 and filling of pharmaceutical glycerine to car cisterns with all necessary infrastructure. The subject of the agreement will be realized in exchange with lump sum remuneration amounting to PLN 3 175 000,00  + VAT.

As a protection of proper realization of the agreement, the Ordering side - REMAR Sp. z o.o. will hold from proper payments each time 20% (twenty percent) of net amount arising from „Protocols of monthly advancement of work” which will be used as a basis for issue of invoices in monthly periods. As a protection of removal of faults and defects during the quality guarantee period, the Subcontractor - Chemoservis-Dwory SA. will pass bank guarantee or insurance guarantee amounting to 20 % of the contract value for 24 month period. Form of protection of proper realization of the agreement in the quality guarantee period is up to the Subcontractor - Chemoservis-Dwory SA’s  decision.  The Subcontractor - Chemoservis-Dwory SA will pay to the Ordering side - REMAR  Sp. z o.o., a stipulated penalty for delay in date of realization, preparation of schedule, removal of faults of the subject of the agreement, amounting to no more than 20% of the agreement’s net value.

The Subcontractor - Chemoservis-Dwory SA will pay to the Ordering side - REMAR Sp. z o.o., a stipulated penalty in case of termination of the agreement due to reasons laying on the Subcontractor side, amounting to 10% of the agreement’s net value. The Ordering side may claim for compensation higher than stipulated penalties. Although the criterion of a significant agreement does not arise from exceeding 10% of value of Chemoservis-Dwory S.A.’s revenues in last four fiscal quarters, in the Company’s Board opinion it is one of agreements significant to the Issuer’s business.

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).