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									                                                                                             U.L.S.P.
                                                                                             Ukrainian Land Service Partners




                                                  Customized Agricultural Company
                                                  Build-up: flexible and reliable approach




                                                   Kiev, Ukraine, July 7th 2009




DISCLAIMER
The information contained in the attached material is being furnished on a confidential basis. While the information contained herein is believed
to be reliable, no representation or warranty is made by the authors as to the accuracy or completeness of such information. By receipt of this
information, the recipient agrees that authors shall have no liability for any misstatement or omission or fact or any opinion expressed herein,
nor for the consequences of any reliance upon any statement, conclusion or opinion contained herein



                                                   Proprietary and confidential
Executive summary

   § Sustainable and effective functioning of an export-oriented agricultural company in Ukraine requires majority
     ownership, as well as full operational and managerial control by the foreign Investor.

   § Currently, on the highly sought-after and competitive Ukrainian agricultural market there are no companies
     with the land bank of 30,000 hectares or more and good operations that would be ready to offer majority
     stake for sale to an Investor who would like to enter Ukraine. Finding an exact fit to Investor’s strategic
     objectives also represents a significant challenge.

   § It is therefore proposed to create a customized agricultural company for the Investor through a
     tested-and-proven customized build-up process. This approach will provide significant advantages:
   - customized selection of the best land plots, regions, and crops to meet specific Investor’s needs
   - no necessity to bargain with local majority owners, nor to observe their agenda in the long run
   - significantly lower set-up and operations costs
   - higher legal protection of the land, lower litigations risks
   - clean title, a company with no luggage, no debt, with top notch operations and management – from day one
   - full control over the crops and harvests usage
   - full control of company’s strategy, including possible mergers, developments, and exits
   - full transparency, high level of investment’s flexibility and protection

   §   We offer services of turn-key creation of the Customized Agricultural Company:
   -   sourcing, selecting, and accruing the land bank in the targeted regions of Ukraine
   -   staffing with local waged personnel, mid- and top management and selection of local minority partners
   -   setting up, launching, and facilitation operations, localized R&D support, and social programs
   -   expert localized legal support and contacts with all levels of local and central administration
   -   full project management

   § The target for the entry-level Customized Agricultural Company would be creation of a fully equipped
     and operational entity with the land bank of 30,000 hectares within the time frame not more than 3
     months, with the land acquisition costs not exceeding $1300 per a hectare.


                                                                                                                     2
Table of contents

        Contents                                                                                              Page
        Ukraine country overview: unique opportunities for agricultural development                              4
        Competition in Ukrainian agricultural sector: market players, major constraints, current valuations      5
        Who we are:                                                                                                7
    -    land bank accumulation and agro management                                                               7
    -    legal support                                                                                             8
    -    board                                                                                                    9
        What we do: the Customized Agricultural Company                                                         11
    -    land selection and accumulation                                                                        11
    -    legal support and know-how                                                                             12
    -    setting up operations                                                                                  13
    -    logistics and storage                                                                                  14
    -    local relations and social programs                                                                    15
    -    target entry-level company: fundamentals                                                               16
        What we offer: the deal – proposed term sheet basics                                                    17




                                                                                                                       3
Ukraine country overview

Unique opportunity for agricultural developments
       Highlights                                                                    Croplands
    § Ukraine is one of the world major agricultural players
                                                                                                                          38
     - The country contains 1/3 of the most fertile soils “black earth”
       (“chernozem) globally                                                                            18
     - Approximately 1/3 of European crop lands are located in Ukraine
     - Lately, Ukraine agriculture business is aggressively targeted by
                                                                                                   12
       China, Poland, Greece, Korea, the U.K., Russia, and other countries
    § There is still a significant upside for agricultural crop raising
                                                                                                   12
       efficiency increase
     - Agricultural crops yields are significantly lower than in Western                     8                            mm ha
       Europe
     - Fertilizer usage per hectare is significantly lower than in other
       European countries                                                     Source: Eurostat
     - Majority of local agricultural companies are still poorly equipped

       Yields of selected plants                                                    Fertilizers usage
       100 kg/ha
                                                                                                                          192

                                                                                                                    159
                                                  63.5
                                                                                                              121
                  50.9
                                    40.9                                                                     118
                                           37.4
                                                                                                        94
           25.3              21.7
                                                         13.6 16.3                    18                                  kg/ha



Source: the State Agency for Statistics                                      Source: Earthtrends


                                                                                                                                  4
Competition in Ukrainian agricultural sector

Market players
   §    Ukraine generally is still dominated by small companies
    -   Majority of companies have under 1,000 hectares
    -   Small companies are poorly equipped and run by farmers
    -   Small and medium companies represent good targets for selective
        M&A growth
   § Lately, a cohort of aggressive market leaders appeared
    - There is a number of sophisticated companies with land banks
      from 30 to 200 th ha, aggressively growing
    - Some of these companies are highly vertically integrated in food
      processing
    - Some of these companies have clear specialization, such as
      cereals or bio fuel. Some of them are export-oriented
   - Several of these companies attracted direct foreign investments
      through private placements and public listings
   - These companies actively involve world best industry practices
      as well as localized high-profile R&D

Major constraints                                                                    Agricultural companies by size
   §    Local knowledge
    -   Access to local authorities and good contacts with local populations               90%
    -   Local agricultural knowledge: crop localization, rotation, growing
    -   Local staffing, management, and control
   §    Quality equipment, capital, and management
    -   Local players are traditionally short of development capital
    -   Majority of local firms are poorly equipped
    -   Westernized management and quality control are implemented by few
   § Logistics and storage                                                                             7.50%
                                                                                                                   2.50%
    - Ukrainian transport and storage capacities require development
                                                                               Source: the State Agency for Statistics


                                                                                                                                  5
                                                                                                                           13.6
Competition in Ukrainian agricultural sector

Current valuations
        Highlights                                                           Current public markets valuations Jan 20th 2009
   § Pre-meltdown valuations averaged at approximately $2,900/ ha             company       % listed      at       ,000 ha cap $mm $/ha
    - The valuations depended on a number of fundamentals, such as:
      -- years in the business                                                Astarta             20   Warsaw        160    57.50       468
      -- equipment quality
      -- management sophistication, and others                                MHP S. A.         19.4   LSE           100   764.18      7,642
   §    Current market valuations may be misleading:                          Landkom           54.9   LSE AIM       115    22.00       249
    -   Erratic patterns, very few small trades at current market prices
    -   The companies with the weakest fundamentals suffered most             Kernel              41   Warsaw        150   330.43      2,203
    -   There are no majority stake sales offers                              Agricole          24.4   Frankfurt      91    17.20       246
   § The actual deal valuations will tend to be in between the pre-
                                                                              Land West           20   Frankfurt     184    28.75       204
      and post-meltdown averages:
    - Known offers from quality companies oscillate in $1500 – 2000           Dakor               24   Kiev          113    35.63       315
      range
                                                                              Mriya               20   Frankfurt     140   127.50      1,187
        Pre-meltdown valuations                                            Source: Bloomberg, DAX, PFTS

        EV/land planted 2008, estimated                                      EV/land under control 2008, estimated
    $/ ha                                                                   $/ ha


                                     3,826                 4,685
                                             3,961                                                     2,896
             3,559           3,691                                                                                 3,301        3,358

                                                                                    2,491
                                                                                                  1,476




                                                                                                                                               6
                                                                                                                                13.6
Who we are

Land bank accumulation and agricultural management

              Vasily Lisovoj
              Mr. Lisovoi is currently CEO at MaxVer, Ltd.
              Education: National Academy of Internal Affairs of Ukraine (1997 – 2002)
              Degrees: L.L.B. 2001; L.L.М. 2002
              Experience and successful projects: throughout his career, Mr. Lisovoj accumulated the land
              banks of more than 300,000 hectares in aggregate for leading Ukrainian agricultural and real estate
              companies, including those with direct foreign investments and listed at major stock exchanges

              Ivan Levchenko
              Mr. Levchenko is currently the CTO at New Wave Ltd., an agricultural enterprise
              Education: National Agricultural University
              Degrees: M.Sc., mechanical engineering
              Experience and successful projects: launched and agricultural enterprise from scratch and successfully
              developed it to over 14,000 hectares of cultivated land

              Valeriy Panchenko
              Mr. Panchenko is a qualified agronomist
              Education: National Agricultural University
              Degrees: M.Sc., agronomy
              Experience and successful projects: have been managing agricultural enterprises since 1998



              Oksana Sakal
              Ms. Sakal is a qualified agronomist and manager
              Education: National Agricultural University
              Degrees: M.Sc., agronomy
              Experience and successful projects : 4 years of management of agricultural enterprises, including those
              with foreign investments



                                                                                                                        7
Who we are

Legal support
  § Syutkin and Partners is a leading Ukrainian law firm that specializes in agrarian law, nature
    conservation law, commitment law, corporate and family law as well as civil law (including property
    law). The firm’s experts have more than 10-year experience of legal practice each. The company
    participated in drafting State Laws of Ukraine on land issues.


                     Mykola Syutkin
                     Mr. Syutkin is the Managing Partner at Syutkin and Partners.
                     Education: National T. Shevchenko University of Kyiv, Ukraine (1996-2001)
                     Degrees: L.L.B. 2000; L.L.М. 2001
                     Practice Areas: Litigation, Case law, Appellate Practice, Mergers and Acquisitions, Due Diligence, Commercial
                     Law, Business Law, Securities, Bankruptcy


                     Anatoliy Miroshnychenko
                     Dr. Miroshnichenko is a Partner at Syutkin and Partners.
                     Education: Kyiv National T. Shevchenko University (1994-1999)
                     Degrees: L.L.B. 1998 (Honors), L.L.M. 1999 (Honors), J.D.
                     Practice Areas: Land Law, Landlord and Tenant Law, Land Use and Zoning Environmental Law, Agricultural
                     Law, Natural Resources, Civil Law, Commercial Law
                     Authored more than 30 papers and books on Ukrainian land law, including:
                     - “Land law of Ukraine”, by Institute of Legislation of Supreme Council (Parliament) of Ukraine
                     - “Land Code of Ukraine with materials for every article”

                     Nataliya Osadcha
                     Ms. Osadcha is a Partner at Syutkin and Partners.
                     Education: Kyiv National T. Shevchenko University, Faculty of Law (1994-1999)
                     Degrees: L.L.B. 1998 (Honors), L.L.M. 1999 (Honors) Wisconsin International University (USA),
                     MBA (Ukraine, 2008), IBA Member
                     Practice Areas: Land Law, Landlord and Tenant Law, Real Estate, Personal Property Law, Privatization Law,
                     Construction Law, Litigation, Arbitration, Case Law, Due Diligence, Contracts



                                                                                                                                     8
Who we are

Board
             Eugenia Carr
             Mrs. Carr is Business Manager, EcoProperty Ltd
             Degrees: B.Sc. Government and Economics, M.Sc. Post-Soviet and Russian Studies, London School of
             Economics and Political Science.
             Experience: Mrs. Carr has been running EcoProperty Ltd, an agency that originates and supervises new
             logistic park projects, as well as promotes and implements environmentally friendly technologies and
             alternative energy - related projects in Ukraine. The firm also is involved in lobbying and legalization work
             on agricultural and H&S projects. Mrs. Carr is also President of IBP Ltd. and Arts&Crafts, Ukraine-UK.


             Michael A. Burchill
             Education: St Lawrence Modern School, De La Salle Brothers College: Industrial Relations, Management
             Relations, Employment Law and Contract Law.
             Experience: Throughout his career, Mr. Burchill has held a number of executive positions in finance,
             banking, trading, and industrial development globally (mostly in the U.S., the U.K., and Switzerland). Within
             the last decade, Mr. Burchill served as Government Liaison Officer and Business Development Manager in
             Ukraine with Vitol S.A., the largest private trading entity in the world. Mr. Burchil was the key instrumental
             person in setting up and execution of entry strategy to Ukraine for a number of world major companies. Mr.
             Burchill advised several consecutive Cabinets of Ministers of Ukraine on an array of the country’s strategic
             issues.
             Ivan Snopyk
             Mr. Snopyk has been Associate Director, Head of Corporate Finance Advisory, Mergers and Acquisitions
             practice at Deloitte Ukraine.
             Degrees: M.Sc. in math Top Honors, MBA from Darden Business School, University of Virginia (U.S.A.)
             Experience: Ivan has been involved in M&A deals in banking, media, pharma, mining, and other industries
             on both sale and buy sides with targets and clients in Ukraine, Europe, Asia, and Americas in the deal value
             range from $5 MM to $1 Bn. Ivan also has been leading business development and planning advisory for
             in a number of industries including mining, real estate, and others.
             Prior to Deloitte Ukraine, Ivan worked at IBM Corp. global HQ in the U.S., for Strategy & Research,
             Emerging Businesses, and Venture Capital groups focusing on emerging markets, particularly CEMA region.
             Ivan has more than 8 years of direct business experience in emerging markets, including Ukraine and CEMA/CIS.
             Ivan was a serial entrepreneur in Ukraine in 1990ths.

                                                                                                                              9
Who we are

Board

             Sergey Melnichuk
             Degrees: M.Sc. Biochemistry, National T. Shevchenko State University, Kyiv; Ph.D. Biology, National
             O. Palladin Institute of Biochemistry, Kyiv; Diploma Certificate (Food science & Human nutrition), Iowa State
             University, Iowa, USA; Doctor of science (Biochemistry) (2004)
             Experience: Dr. Melnichuk holds a number of teaching, research, and managerial positions at international
             and Ukrainian entities, including:
             - Managing Director, Ukrainian National Laboratory for Quality and Safety of Agricultural Products
             - Dean, Quality control and Safety of Agricultural Products School, National Agricultural University, Kyiv
             - Professor, National Agricultural University, Kyiv
             - Institution manager, foods project, European commission jointly with the United Nations
             - And many others;
             Papers, books, patents: Dr. Melnichuk authored over 160 scientific papers and books and 17 patents




                                                                                                                             10
What we do: Customized Agricultural Company

Land selection and accumulation
  § We have made pre-selection of land plots in the best areas of
     Ukraine, with the best key parameters available
    - Climatic and soil conditions:
      -- soils: black soil
      -- humus content: 4%
      -- annual precipitation – 500 to 600 millimeters
      -- temperature over 10 C – 155 to 180 days a year
      -- vegetation period – 200 days a year
    - Labor:
      -- qualified, traditionally conscientious local labor available
    - Logistics:
      -- compact cropland area
      -- unique proximity to railways and state roads
  § We have concluded pre-negotiations with direct
    owners, collective farms management, and all
    relevant local authorities, and lined up the land plots
    to be contracted in the selected areas
    - Available to be contracted within 3 weeks:
    not less than 17,800 hectares in total
    - Available to be contracted within 6 weeks:
    not less than 27,000 hectares in total
  § The contracting procedure will result in the full complex of land
     and real estate needed for agricultural production
     - The local owners will lease out their shares in the productive real
     estate (barns, hangars, office builldings, etc.) that we will find
     appropriate
    - The land under the productive real estate can be directly made
     Investors’ private property


                                                                             11
What we do: Customized Agricultural Company

Legal support and know-how
  § Full legal support on the conventional land lease
    - contract drafting, conclusion, registration, supervision
    - full localized due diligence on the land owners and land titles
  § Legal know-how: Emphyteusis domestication in Ukraine
    - based on the 2003 Civil Code of Ukraine and its 2007 Amendment,
     the lawyers researched and prepared for the practical use in
     Ukraine the full documentation package for Emphyteusis type of
     land lease
    Definition: The Law of Emphyteusis is a right, susceptible of
    assignment and of descent, charged on productive real estate, the
    right being coupled with the enjoyment of the property on condition
    of taking care of the estate and paying taxes, and sometimes the
    payment of a small rent.
    Emphyteusis is based on Roman laws. It provides considerably
    higher legal protection for the land users.

   Conventional lease vs. Emphyteusis
    Conventional land lease                                                 Emphyteusis land lease

    §   Lease terms: up to 49 years, typically 5 to 15 years                §   Lease terms: up to eternity, typically circa 100 years

    § Enforceability: lease is regulated by a number of contradictory       § Enforceability: emphyteusis is widely practiced globally and
    laws specific to Ukraine                                                can be successfully defended in any international court

    § Land use: no working legal mechanism for land alienation. The         § Land use: land held in emphyteusis is alienable, devisable,
    only way for re-distribution of land without re-signing all the         descendible by intestacy, therefore can be used as escrow or
    individual leases is selling corporate rights of a company that holds   sold, in whole or in part
    the leases
                                                                            § Lease termination: possible only in three instances: end of
    § Lease termination: legally possible for a number of reasons,          term; land sales, or buying back for community needs
    including refusal of the lessor, community needs, legal prosecution
    of the lessee, liquidation of the lessee company, and many others
                                                                                                                                             12
What we do: Customized Agricultural Company

Setting up operations
      Equipment
   § We concluded research and pre-negotiations on the state-of-the-art agricultural
      production equipment fully localized in Ukraine
      - Tillage technology: latest minimal and zero tillage technology called No-Till that
      excludes the “traditional” mechanical way of tillage
      (cultivation, plowing, dragging)
        -- uses enriched surface soil, preserves fertile strata from erosion, restores humus
        -- operational costs reduced by 5 times
        -- fuel and lubricants consumption lower by 70%
        -- crop yields higher 2 times
     - Tillage and harvesting equipment:
        -- full complexes of the equipment will be purveyed by fully localized certified dealers
      of world leading firms
        -- full warranty service and personnel training available
        -- leasing support available

      R&D support
   § We concluded negotiations on full-cycle agricultural R&D support with the
     National Agricultural University of Ukraine
     - Quality control and certification by the National Laboratory for Quality and Safety
       of Agricultural Products
     - Observing Food Export Quality Standards
     - Full consulting and support on
       -- crops domestication, crops mix and rotation
       -- pesticide and fertilizers usage
     - Capability to set up and control fully organic whole foods production




                                                                                                   13
What we do: Customized Agricultural Company

Logistics & Storage
     Concurrent project: storage construction                                Grain production vs. storage capacity
   § Grain storage is one of the major constraints in agro industry           Region   production, th tn storage coverage
    - Currently, the lacked capacity exceeds 10 million tons                   Crimea            2141.4      950   0.44
    - Anticipated capacity gap in 2009 – 2010 exceeds 20 million tons
                                                                               Vinnitsa          3296.4     1350   0.41
      only of new capacity, not counting replacement of obsolete one
                                                                               Volyn              557.8      450   0.81
    - Over 60% of country’s capacity is obsolete
                                                                               Dnipropetrovsk    3040.2     2200   0.72
    - Storage is a highly profitable business with over 30% annual returns
                                                                               Donetsk           1870.7     1400   0.75
    - With modern technologies, it is not capital intensive: construction
      costs will constitute approximately $120 per ton of storage              Jytomyr            984.1      800   0.81

   § It is therefore proposed to create a standalone grain storage             Zakarpatje         120.3      150   1.25

      company. The company will be based on a highly experienced               Zaporizhya        2482.1     1800   0.73

      team and have the following fundamentals:                                Ivano -
                                                                               Frankivsk          211.1      300   1.42
    - Storage capacity: 50,000 tons in 2009 to 250,000 tons in 2010            Kiev                3779      950   0.25
    - Net income: $1.6 to $2.4 million in 2009, $8 to $12 million in 2010      Kirovograd        2845.5     2300   0.81
    - Capital needs:$6 million in 2009                                         Lugansk           1323.7     1200   0.91
    - Return on investments – 35% to 50% annually only on the storage          Lviv               640.8      600   0.94
   § Having a storage company will allow to significantly increase             Nikolaev          1548.2     1450   0.94
      grain trading and export capacity as well as protection and              Odesa             3046.2     2000   0.66
      profitability of the agro business.
                                                                               Poltava           4591.1     2000   0.44
                                                                               Rivne              756.6      400   0.53
                                                                               Sumy              2210.3     1150   0.52
                                                                               Ternopil            2157      650   0.30
                                                                               Kharkiv           4281.3     2450   0.57
                                                                               Kherson           1400.4     1400   1.00
                                                                               Khmelnitsk        2001.7     1050   0.52
                                                                               Cherkassy         3071.5     1350   0.44
                                                                               Chernovtsy         242.8      250   1.03
                                                                               Chernigov         3399.9      250   0.07
                                                                                                Average coverage: 0.69

                                                                                                                            14
What we do: Customized Agricultural Company

Local relations and social programs
   § Success of any agricultural enterprise is fully dependent on relationships with
     local communities, as well as the lease prolongation and land purchase when the
     moratorium is lifted
   § Based on our intimate knowledge of the local culture and ways of life, we will
     develop, implement, and supervise detailed relationships programs for each
     region and village which will be sufficient to win the long-term loyalty but will be
     cost-effective
     - Education for children: building/ renovating schools, providing incentives for teachers
     - Medical services: building/ renovating/ re-equipping local hospitals
     - Religion: building/ renovating local churches of various confessions
     - basic infrastructure: renovating local country and village roads, electricity
       grids, gas grids
     - Remuneration structure: developing and recommending remuneration structures to
       keep motivation up and preserve integrity
     - Pro-active community information methods




                                                                                                 15
What we do: Customized Agricultural Company

The target entry-level company: fundamentals
   Highlights                                                                      Pro forma P&L
   § Estimations/ projections were made for a suggested entry level                       ( numbers in $)      2009          2010         2011
      company with total yield of approximately 145,000 tons:
    - 30,000 hectares with a localized cereals and beans crops mix                 Land bank                15,000,000
    - Harvest sales at export prices, the lower level for the last three years     Equipment                 3,750,000    3,750,000    3,750,000
    - Crops yields assumed average for the suggested regions, soils, and
      methods of cultivation (No-Till)                                             Fuel                        750,000      750,000      600,000
    - For simplicity reasons, all the costs (supplies, fuel, fertilizers, wages,
                                                                                   Fertilizers                 750,000      750,000      750,000
      etc.) were assumed flat for the three years, on 2008 year end level
    - EBITDA* is a rough estimate, subject to financing options etc.               Chemicals                 2,100,000    2,100,000    1,500,000

                                                                                   Wages                     1,500,000    1,500,000    1,200,000
   Crops sown                                                                      Surcharges                  750,000      750,000      600,000
    Total: 30,000                                             hectares
                                                                                   Administrative            2,100,000    1,800,000    1,500,000

                                                                                   Operational costs           300,000      300,000      300,000
     50,000   30,000    22,000   14,000 21,000   3,000    5,000   yield, ton
                                                                                   Land rent                              1,200,000    1,200,000

                                                                                   Total costs              27,000,000   12,900,000   11,400,000

                                                                                                            28,441,50    28,441,50    28,441,50
                                                                                   Revenues                         0            0            0
                                                                                                                         15,541,50    17,041,50
                                                                                   EBITDA*                  1,441,500            0            0
                                                                                   Income tax                  360,375    3,885,375    4,260,375

                                                                                                                         11,656,12    12,781,12
                                                                                   Net Income               1,081,125            5            5
                                                                                   EBITDA margin                5.07%       54.64%       59.92%
                                                                                   Implied IRR: up to 60%, subject to financing options
                                                                                   Net income margin            3.80%       40.98%       44.94%

                                                                                                                                                   16
What we offer

The deal - proposed term sheet basics
  § Land selection and accumulation: $1300 per hectare
   - The land accumulation process can be organized with use of custody services
     by a major bank, with Investor’s funds being released against land lease
     contracts duly signed and registered in Investor’s name
  § Legal services: on the basis of the local Ukrainian chargeable hours rates
   - The legal services scope will include all the facets of the process: setting up and
     registering a local company for the Investor, due diligence on the land titles and
     the owners, land lease contract drafting and registration, etc.
  § Long- term supervision of the Customized Agricultural Company: 10% of
      the Company’s stake
   - The supervision will include:
     -- full contractual and negotiation preparation of the Company’s operations
     -- full staffing with local managerial, salaried, and waged personnel
     -- setting up full ongoing R&D support
     -- full ongoing lobbying, administrative, regulators, and governmental relations
        support
     -- full support on local communities relations
     -- ongoing search for the best preferential options of further development and
      expansion

For any further info please contact


       Vasily Lisovoj
       E-mail: maksver@yahoo.com; maksver@i.ua
       Cell: +38 067 5006655




                                                       Thank you.                          17
 subject to financing options

                                                                                                                                                         16
What we offer

The deal - proposed term sheet basics
   Land selection and accumulation: $1300 per hectare
   - The land accumulation process can be organized with use of custody services by
     a major bank, with Investor’s funds being released against land lease contracts
     duly signed and registered in Investor’s name
   Legal services: on the basis of the local Ukrainian chargeable hours rates
   - The legal services scope will include all the facets of the process: setting up and
     registering a local company for the Investor, due diligence on the land titles and
     the owners, land lease contract drafting and registration, etc.
   Long- term supervision of the Customized Agricultural Company: 10% of
      the Company’s stake
   - The supervision will include:
     -- full contractual and negotiation preparation of the Company’s operations
     -- full staffing with local managerial, salaried, and waged personnel
     -- setting up full ongoing R&D support
     -- full ongoing lobbying, administrative, regulators, and governmental relations
        support
     -- full support on local communities relations
     -- ongoing search for the best preferential options of further development and
      expansion

For any further info please contact


       Vasily Lisovoj
       E-mail: maksver@yahoo.com; maksver@i.ua
       Cell: +38 067 5006655




                                                       Thank you.                          17

								
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