Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the
information subject to the confidentiality request. Omissions are designated as "XXXXX".
Moscow. "16" February 1996r.
"S.I. Diamond Technology Inc." (Houston, USA), referred hereafter as the CUSTOMER, represented by its
President Howard K. Schmidt, one side and "Microelectronics Systems" (Moscow, Russia), referred hereafter
as the SUPPLIER, represented by its General director Boris V. Kogan, on the other side, signed present
contract on following:
1. SUBJECT OF THE CONTRACT.
1.1. SUPPLIER shall perform and pass to the CUSTOMER, and CUSTOMER shall accept and pay for the
1.2. Scientific, technical, economic and other specifications of research product and contents of separate stages
and the work in total are contained in Technical Requirements.
1.3. Titles, price, and terms of payment for each financing stage are determined in the Schedule, being a part of
this Contract (Appendix #2).
2. TERMS OF THE CONTRACT
2.1. The work required by this Court shall be done according to the terms determined in the attached Schedule.
Works for the Contract start since the moment of signing the Contract by both sides. Change in the Contract start
date shall correspondingly shift the date of the work fulfillment.
2.2. SUPPLIER in case of CUSTOMER agreement has a right to deliver the whole work or separate stages and
get appropriate payment earlier than it is mentioned in this Contract. CUSTOMER accepts and pays for this
work (or stages of work) according to the conditions of this Contract.
2.3. As a date of fulfillment of the obligations on each stage of the work is considered the date when the
CUSTOMER signs (confirms) the document being the basis for closing this stage.
As a date of fulfillment