SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported): March 24, 2005
Trimol Group, Inc.
(Exact name of Registrant as Specified in its Charter)
Delaware 0-28144 13-3859706
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
1285 Avenue of the Americas, 35th Floor, New York, New York 10019
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (212) 554-4394
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.02. Termination of a Material Definitive Agreement.
Intercomsoft Limited ("Intercomsoft"), a wholly owned subsidiary of Trimol
Group, Inc. (the "Registrant") and Supercom Limited (Israel) ("Supercom")
entered into a Termination Agreement as of March 24, 2005 (the "Termination
Agreement").
Pursuant to the Termination Agreement, the Sales Agreement between
Intercomsoft and Supercom dated August 25, 1995, as amended, was terminated at
the request of Supercom. Certain equipment, technology, supplies and other
consumables which Intercomsoft is obligated to supply to the Government of the
Republic of Moldova ("Moldova") pursuant to a Contract on Leasing Equipment and
Licensing Technology dated April 29, 1996 (the "Supply Agreement"), was supplied
by Supercom on behalf of Intercomsoft pursuant to the Sales Agreement.
Notwithstanding the termination of the Sales Agreement pursuant to the
Termination Agreement, Supercom agreed to continue to supply Moldova with such
equipment, consumables, software and technology during the remaining term of the
Supply Agreement, upon the request of Moldova pursuant to the requirements of
the Supply Agreement. Pursuant to the Termination Agreement, Intercomsoft agreed
to pay to Supercom, in nine equal monthly installments commencing in April 2005,
the sum of $184,912 representing the balance of the amount due for certain
equipment supplied by Supercom pursuant to the Sales Agreement. In addition,
Supercom agreed not to take any action, directly or indirectly, to interfere
with Intercomsoft's contractual rights with Moldova or to, in any way, cause
Moldova to terminate or not renew the Supply Agreement and agreed to pay to
Intercomsoft certain amounts specified in the Termination Agreement as
liquidated damages in the event of any breach or default by Supercom thereunder.
Item 9.01 Financial Statements, Pro-Forma Financial Information and Exhibits.
(c) Exhibits
10.1 Form of Termination Agreement dated as of March 24, 2005 between
Intercomsoft Limited and Supercom Limited (Israel).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRIMOL GROUP, INC.
By: Jack Braverman
Chief Financial Officer
Date: March 28, 2005