ARBITRATION AGREEMENT

Arbitration or Mediation Agreement

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Title: ARBITRATION AGREEMENT
Date: 3/24/2005
Industry: PAPERP Sector: BASICM

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EXHIBIT 10(y)

ARBITRATION AGREEMENT

Between the

S&H Verwaltungsgesellschaft mbH

[S&H Management Co., limited liability company],

represented by its sole shareholder,

the PHG Tea Leaves, Inc., on its part represented by

Mr. Markus R. Mueller

and

Mr.

WERNER RUCKENBROD, PROF