Translation from Romanian language.

SALE-PURCHASE CONTRACT
Nr. RO-2/MD of 15.08.2014

1. THE CONTRACTING PARTIES:

SC EXPLOATAREA SI INDUSTRIALIZAREA LEMNULUI T&G SRL with the

headquarters in Iasi municipality, 35 Sos. Niculina, apt. 6, ROMANIA, fiscal code RO
22350740, number Trade Register J22/2469/2007, IBAN code RO98 CARP 0241 0045
9365 RO02, Bank CARPATICA S.A., Iasi, SWIFT CARPRO22, legally represented by
Mrs. PRICOPI GETA, hereinafter referred to as “SELLER”

and

SERDOLIX-NORD SRL, with the headquarters in Balti, 8 Lesecico Street, apt. 27,
Republic of Moldova, fiscal code 1010602000435, IBAN code MD32 AG00 0000 1127
2554, Bank MOLDOVA AGROINDBANK S.A., Branch Balti, SWIFT AGRNMD2X750,
legally represented by LUNGU SERGIU, as an Administrator, hereinafter referred to as
“BUYER”.

agreed on conclusion of this sale-purchase contract with the following clauses:

2. OBJECT OF CONTRACT :

Art. 1. The contract is aimed for buying, respectively the sale of wood mass “poplar
logs”, hereinafter referred to as “goods”, with the following technical conditions:
- The diameter at the thin end of at least 30 cm long, no more than 80 cm
respectively.
- Shaping is made at the minimum length of 2.2 m perpendicular to the axis, the
maximum length of 6.0 m.
- Cubing method will be according to the cubing table GOST 2708 -75, the
average of two diameters perpendicular to the thin end.
- Shall not be accepted following defects: unhealthy nodes, cracking, curvature,
rotting, insect holes, cracks.
Art. 2. Marketing operation of the goods subject to this contract is carried out in
compliance with legal requirements for authorization.
Art. 3. The seller and the buyer undertake to notify each other and honestly about the
needs of the goods on which they are going to meet and the precautions that they
impose for their use.

3. DELIVERY AND RECEIPT:

Art. 4. The goods will be received, taken and transported from the warehouse belonging
to SC EXPLOATAREA SI INDUSTRIALIZAREA LEMNULUI T&G SRL located in
Botosani County, Stefanesti, Romania.
The transport of goods and the transport costs are borne by the Buyer.
Goods will be delivered only on the basis of legal documents required by the exporting
State: CMR, invoice, waybill, phyto-sanitary certificate, in accordance with the rules laid
down by law.
Art. 5. The reception of goods to the loading is done by authorized delegate of the
Seller, and the pieces must be numbered on the ends and to be written the number of
piece on the notice, length, diameter, quantity (cm) for each piece separately.

4. PRICE, PAYMENT, TERMS OF PAYMENT:

Art. 6. Payment shall be made according to the invoices, within 5 working days after the
receipt of the goods at the Buyer's warehouse. Invoices will be issued in accordance
with the delivery documents of the goods-receipt confirmed by buyer.
Selling prices of the goods are in EUR and are without VAT, 32 EUR/mc according to
the conditions of delivery CPT Balti.

5. DISPUTES:

Art. 7. The party that does not fulfill the obligations arising from this contract is subject to
the delay from the time of due date and will pay 0.01% per day of the amount of
undelivered products. The disputes arising from this contract, including those relating to
the validity, interpretation, execution or their abolition shall be settled amicably. If it is not
possible to resolve the disagreements amicably, they shall be submitted to the
competent courts of the Seller’s seat.

6. FORCE MAJEURE:

Art. 8. Neither party is responsible for failure to perform or improper performance of the
contractual terms if the failure to perform or improper execution of the obligation was
caused by force majeure as defined by law.

7. VALIDITY OF CONTRACT :

Art. 9. This contract is concluded for a period of one year starting from 15.08.2014.
The quantity can be modified with the written agreement of parties.

8. FINAL PROVISIONS

Art. 10. Any amendment, completion or adaption of this contract shall be carried out with
the agreement of both parties, through the addendum.

This contract was concluded in two counterparts, by one copy for each contracting
party, and has three pages.

SELLER, BUYER,
SC EXPLOATAREA SI INDUSTRIALIZAREA SERDOLIX-NORD SRL
LEMNULUI T&G SRL
/signature/ /signature/

Seal : Romania* Iasi* Trading Company Seal: Republic of Moldova, Balti*

“EXPLOATAREA SI INDUSTRIALIZAREA Limited Liability Company “SERDOLIX-
LEMNULUI T&G” S.R.L. NORD” S.R.L.