06.07.1961

"All disputes, controversies or differences which may arise between the parties,out of or in relation to or in connection with this contract, or for the breach thereof, shall be referred to and settled by arbitration without being submitted to ordinary courts in the Republic of Bulgaria or in Japan.

In case a Bulgarian legal body shall be a defendant, the arbitration shall take place at the Foreign Trade Arbitration Commission with the Bulgarian Chamber of Commerce and Industry in Sofia in accordance with the respective provisions of the Rules and By-law of the said Arbitration Commission.

In case a Japanese physical or legal body shall be a defendant, the arbitration shall take place at the Japan Commercial Arbitration Association in Tokyo in accordance with the Commercial Arbitration Rules of the said Association.

The award to be rendered shall be final and binding upon both parties."