This excerpt taken from the CEDC 8-K filed Jul 5, 2005.
(ii) Commercial cooperation agreement with CAREY AGRI INTERNATIONAL POLAND Sp. z o.o.
The agreement is a framework agreement. It is a standard commercial cooperation agreement (prepared in line with the standard agreement form drawn up by the Issuer) and its terms are substantially the same as those used in agreements with other customers. The agreement does not specify the financial terms; Issuers products are supplied at producer prices, each time based on individual orders. The agreement was concluded for an unspecified period but may be terminated at one months notice. The Issuer may terminate the agreement with immediate effect in certain circumstances, e.g. if it becomes aware of the buyers insolvency.
Total value of the agreement (value of supplies in the last three financial years) exceeds 10% of the Issuers sales revenue for the last four quarters.
Within the last 12 months, the Issuer and CAREY AGRI INTERNATIONAL POLAND Sp. z o.o. concluded several other agreements (not related to the commercial cooperation agreement), including the agreement on assignment of claims, described below.