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Hello everyone,
this is a republish of the official agreement signed between Australia and Lithuania towards the concessions of saltpeter and iron from Australia to Lithuania. May this agreement start a new partnership between our countries and give us mutual benefits.



INTERNATIONAL MEMORANDUM OF UNDERSTANDING

Between

eLithuania
and
eAustralia

I. GENERAL

A. Parties to the Agreement
This Memorandum of Agreement is between eLithuania and eAustralia. The two country shall be referred to collectively as the “Participating Countries” in the Memorandum of Agreement.
B. Purpose of the Agreement
Trying to improve economy and relationship between two parties, the parties to the agreement agree to conclude this Memorandum on resource concession. The purpose of this Memorandum is to facilitate and to describe the resource concession condition between the parties to the agreement.

II. TERMS OF THE AGREEMENT

A. Obligation
1. Both Countries must announce this agreement with the official country newspaper as a sign this agreement applies to both countries.
2. eLithuania must accept the resource concession law proposed by eAustralia and help defend the resource region and eAustralia, so that they are not taken over by other countries.
3. eLithuania must pay a sum of money monthly in accordance with what is written in this agreement.
4. Both countries must maintain and obey this agreement until this agreement ends.

B. Type of Resource
The resource that included in this resource concession agreement are :
1. Saltpeter in South Australia region
2. Iron in South Australia region


C. Duration of resource concession
This agreement will be signed for an indefinite period of time.
D. Payment from leaseholder
eLithuania as leaseholder must pay 390.000 cc monthly as fixed amount to eAustralia as resource owner. If income from GDP is more than 390.000 cc monthly then eAustralia must return the excess to eLithuania otherwise if income from GDP is less than 390.000 cc monthly then eLithuania must pay the deficit to eAustralia. City Subsidy tax is covered by Lithuania. Monthly payments are always held before 5th of the month, or Country President Elections.

III. LEGAL PROVISIONS

A. Guarantor
Mr.Starbucks
erepublik.com/en/citizen/profile/1890478
as Country President of Lithuania March 2019
And
Lawkee
erepublik.com/en/citizen/profile/2778127
as Country President of eAustralia March 2019
will be the guarantors for this agreement until this agreement ends. The names mentioned above must be able to provide clear information and to the president afterwards when their term ends and still have responsibility for this agreement until this agreement ends.

B. Punishment
In a situation where one of the parties does not carry out the agreement, the guilty party will be charged a fine of 500.000 cc apart from the resource concession fee and must be paid to the injured party no later than 7 days after the monthly payment.
C. Updates to the agreement
Updates will take place after both of Country President or Minister of Foreign Affair agree to update the agreement by attaching an addendum document or revising this agreement.
D. Termination of the agreement
Termination of the agreement can be done if both parties agree and announce with official country newspaper that this agreement ends.

IN WITNESS WHEREOF, the parties here to have executed this MOU on the March 10th , 2019 (Day 412😎.

Signed,

Mr.Starbucks / Lawkee
eLithuania Country President / eAustralia Country President
March 2019

Lord Garlan / Nerx
eLithuania MoFA / eAustralia MoFA
March 2019