Agreement
Batumi City 05/08/ 2016
We, the undersigned, on the one hand burj global group (hereinafter referred to as "Partner-1") and on the other hand, “DAR BUILDING" LTD. Identification number: 445420875, represented by its director RevazDarchidze, P/N: 58001002715 (hereinafter referred to as "Partner-2") conclude an agreement on the following:
1. Subject of the Agreement
1.1. ,,Partner-1’’ takes responsibility to advertise ( marketing of the above mentioned projects)the constructing facilities of the “Partner-2” (located at #94 Gorgiladze Str., #5 Phirosmani Str., #18 Vazha-PhshavelaStr,. Batumi, Georgia) during the action period of the submitted agreement in the territory of Kuwait, Bahrain, Qatar, Saudi Arabia and Egypt, in addition the party will provideattracting investors, buyers, leaseholders (hereinafter – “clients”) during the process of contraction of the facilities and leasing the real estates, will provide assistance for the client and support him till the end of the agreement. Whereas, “Partner-2” takes responsibility to pay the cost of provided service according to the rules of payment of the submitted agreement.
1.2 Parties agree that during the effectiveness of the submitted agreement “Partner-1” has an exclusive right imposed by the “Partner-2” to advertise ( marketing of the above mentioned projects) the constructing facilities of the “Partner-2” (located at #94 Gorgiladze Str., #5 Phirosmani Str., #18 Vazha-PhshavelaStr,. Batumi, Georgia) during the action period of the submitted agreement in the territory of Kuwait, Bahrain, Qatar, Saudi Arabia and Egypt, to sell commercial areas – apartments of the residential complex (Georgia).
1.3 Parties take into consideration that “Partner-1” has no right to advertise commercial areas – apartments of the residential complex (Georgia), located at #94 Gorgiladze Str., #5 Phirosmani Str., #18 Vazha-PhshavelaStr,. Batumi, Georgia, in Dubai as far as the other agency was imposed by such exclusive right.
1.4 Relationships between the parties under the submitted agreement will be implemented in the following manner:
1.4.1 In case of the application of the potential client, “Partner-1” sends the application about the investment, purchase, lease of real estate to the “Partner-2”, indicating every condition, requirement and characteristics of the application in details.
1.4.2 In case the “Partner-2” receives application prepared by the “Partner-1” in written form (or electronically) the application of the “Partner-1” about concluding the agreement with the client will be considered to be conducted. In addition, “Partner-1” is authorized to send the client directly to the office of “Partner-2” and to identify the client as well as “his” client’s so by the letter or electronic post.
2. Responsibilities and Rights of the Parties
2.1. In his activities “Partner-1” guides with the recommendations, conditions, cost of real estate and other commercial information indicated on the web page (http://www.darbuilding.ge) of the “Partner-1” or “Partner-2”.
2.2. Parties are responsible to keep confidential any commercial secrets or confidential conditions of the agreement even after the date of the submitted agreement has expired.
2.3. “Partnet-1” is responsible to devote his efforts to activate future businesses concerning the selling of real estate abroad.
2.4. During the effectiveness of the agreement, the parties are responsible to share any necessary documents concerning the object of the real estate or investment project, as well as any materials and information, provided service costs – with a price indicated in them, also any submitted commercial information in the scale and amount that would be sufficient for selling the real estate, leasing or its construction.
2.5.The parties are also obliged to submit an information about amendment in the circumstances on time in case such circumstances may support or hinder the realization of the facilities of real estate.
2.6. Parties are obliged to offer any kind of service in its full scale, timely and in the relevant quality to the buyer.
3. Rules of Payment
3.1.The cost of the service of the “Partner-1” consists of 15% of the net cost per sold facility, without VAT as a result of intermediary of the “Partner-2”
3.2. As a result of intermediary of the “Partner-1”, the copy of the agreement conducted by the “Partner-2” with the client will be considered to be a documentaccording to which the cost of the service will be calculated.
In every particular case, delivery-acceptance act will be concluded between the parties – on the basis of above mentioned the cost of the service of the “Partner-1” will be paid by the “Partner-2” in cash payment.
4. Special Conditions
4.1. Parties agree on that the place of implementing the submitted agreement is Batumi city, Georgia;
4.2. During the implementation period of the submitted agreement at the office of the “Partner-1” there wil