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ARTICLE 29

Termination

This Agreement shall remain in force until it is terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year following the period of five years from the date on which the Agreement enters into force. In such event, the Agreement shall cease to have effect in respect of income derived and capital owned on the beginning of or after the calendar year following the year in which the notice has been received.

IN WITNESS WHEREOF, the undersigned, duly authorized thereto, have signed this Agreement.

DONE in two originals in Tehran, on the twentieth day of May 2003, corresponding to the thirtieth day of Ordibehesht 1382 solar Hijra, in the Croatian, Persian and English languages, all texts being equally authentic. In case of any divergence of interpretation, the English text shall prevail.

FOR THE GOVERNMENT OF THE REPUBLIC OF CROATIA:

TONINO PICULA

MINISTER OF FOREIGN AFFAIRS

FOR THE GOVERNMENT OF THE ISLAMIC REPUBLIC OF IRAN:

TAHMASB MAZAHERI

MINISTER OF ECONOMY AND FINANCE