1. SUBJECT OF THE CONTRA.

CT

a K3 EMfIJHIP

KOHTPAKT NQ K 161/01. -01 CONTRACT N2 I< ~~vot~Itf-,~H3H" I

,lJ,aTa «26» Hrona 2007 f. Date «26») July 2007

I(OJ\maHlISl Clusseter Limited, Kanp, Clusseter Limited, Cyprus, hereinafter HMeHyeMa5I B .llaJfbHeHmeM "Ilpozraaen" B JU'I'ue referred to as the "Seller" represented by r-na B.11. Tlonona, ,r.{eHcTBYIOIII,erO aa Mr. Mr. Vadim 1. Popov, acting under OCHOBaHHH tlOBepeIiHOCTH or 09 arona 2007r., c Power of Attorney dated 09 July 2007 on O.llHO,rr CTOPOHhl, OTKpLIToe axnaonepnoe one hand, Joint Stock Company VTB-

Ofilll,CCTBO «BTE-JIn3Imr», POcCHHCKaJI Leasing, Russian Federation, hereinafter

<Pe.llepalUUI, HMeHyeMoe B nansneamen referred to as the "Buyer" represented by

"Iloxynarens", B nane Teaepansaoro Mr. Anton Vladimirovich Borisevich

,r.{llpeKTOpa r-na EOpHCeBIT'la AI:lTOHa acting on the basis of Articles of

Dm.lJl.HMHpOBlI';fa, .lleHcTBYloll~ero na OCHOBaHlIH Association on the other hand, and 000 Ycrasa, co sropoti CTOPOHbI, H 000 «BcnJ1 "Well drilling corporation", Russian

1-1:pnJIJlllHf Kopnopeanra», Poccaticxaa Federation, hereinafter referred to as the

<l>e,z:(epaII,H5I, HMCHyeMoe B .rr.aJIbHeHIIIeM "Lessee" represented by Mr. Nistratov

«nH311HfOITOJI)"laTem,», B JU1II,e Feaepam.aoro Aleksandr Vitalievich acting on the basis .Ll.HpeICTOpa Hacrparosa Anexcaunpa of Articles of Association on the third Br,naJIT.)eBH1!a, }.:(eti:CTBYIOmero na OCHOBaHHH hand, jointly referred to as "parties" and Y CTaBa, C TpeThcH CTOPOHbI, COBMeCTHO severally referred to as "party" ha ve HMeHyeME.1C «CTOPOHbD>, a I(3)K,lla5I B OT,lI,err1HO- made this Contract (hereinafter referred 10

ern «Cropona» 3aKJIIO"lIHJIH HaCT05fllI,HH. as "Contract") as follows:

KOIITpaKT (nanee HMeHyeMllH «Konrpaxr») 0 H ]{)KeCrre.Ll,YIOIn;eM:

1. npEl(M~T KOHTPAKTA

1.1. Ilponasen npozraer Iloxyrrarerno 6ypoBhIe YCTaHOBKH ZJ50DBS (corrracao cnenarpaxauaa B Ilpnrroaceamr N21 K HaCT05rln;eMY KOHTPaJ:(lY) B KOJIH"lIeCTBe 30 (Tpnzmara) e,tJ;HHl1l"( (ztarree ITO TeKcTY HMeHyeMoe «Tosap») ))'112: nOCTaBI<H

PY30ITOrrYLlaTemo, a Iloxynarern, o6513yeTC5( onnarars Tosap aa ycrrOBH.5IX H B nOp5I.Ll,KC, OlIpe.llCJI5IeMhJX HaCTOJlID)1M KOHTpaKToM.

TOBap, npaofipcreaasrjl Iloxynareneu,

rrOCTaBJUleTC5f Dp0.llaBUOM B azrpec

Fpyaorronysarena.

Ilocranxa Tonapa Fpyaoncnysarenro 6y,n:CT ocymeCTBJUJ:ThC5:{ aa ycrrOBH5IX nocraaxn DDU 5IHAO, IIypoBcKHH patiorr, lIOCeJIOI< Ilypne ITpoM30Ha (l1Rl<OTepMc-2000).

Ilocrasxa ocymecransercn B aJ1,pec

l"pY30rrorrYQaTeJI5I:

3AO <<I'P ART»

HHH 8911017540, K n 891101001 Anpec: 629840, POCCll:HCKa:a c])e,z:~epaUll.5I, 5lHAO, TIYPOBCKHH paiioa, nocenox Ilyprre IIpoM30Ha.

Kon OTpaCrrIT ITO OKDO 32142658

1. L The Seller has sold 30 (Thirty) drill rigs ZJ50DBS (hereinafter - the "Goods ') (in accordance with the. specification in the Annex NS! 1 to the present Agreement) to the Buyer for delivery to the Consignee and the Buyer is liable to pay for the Goods on the terms and conditions as provided for herein.

The Goods, bought by the Buyer, will be delivered by the Seller to the Consignee.

he delivery of the oods to the

Consignee shall be effected on DDU (Incoterms-2000) Yamalo-Nenetskiy avtonomniy okrug, Purovskiy Region, Village Purpe, Promzona.

The delivery shall be effected to the Consignee:

ZAO «GRANT»

fNN 8911017540, KPP 891101001 Addresse: 629840, RF, YNAO, Purovskiy Rayon, Poselok Purpe Prom zona.

Key of the industry by OKPO 32142658

OTrpY30QHble peKBIT3HTbI:

JIITlIeBOn cxer B MITe POCCHH (rexrr.u. Cypryrcxoe ornenenae )IC,n:.) N2 5790004 CT. TIypne CBep,J]}IOBCIWil )K.n.

Kon CTaHIJ;MU: 798700

Ilonyxarens: 3AO«fpaHT})

K021 Ilcnysarena: 4111

HITE! no HHOMY aztpecy, YKa3aHHOMY

TIo'KYITaTeJIeM H JIH3HHrOnOJIyt.IaTerreM.

B MOMeHT nOCT<iBKH Tosapa Tpyaorronysarens, Jlasanrononyaarem, nOCTaBIIJ;HK IT Iloxynarens n021fIHCblBaIOT Au IIo)],TBcp)K.lleHH5! I1p:nObITH:8" 06oPY)1.0BaHJHIHa)l(n CraHIl:HIO TIypne (no <popMe IIplUIQ)Kelu!'>I N24 K HaCT05Illl.eMY Koarpaxry),

TIpo)1.3BeIJ, rrOCTaBJIeH B H3BeCTHOCTb 0 TOM, "ITO TOBap npaoriperacrca I10KynaTeJIeM B ueJHIX ero nepenaxa B JUI3HHf .J1H3HHfOrrOJIYQaremo cornacno .rt:orOBopa JIH3HHra NQ )])1 161101-07 OT «26» HlOJL\1 2007 r ..

Ilponanen cornacen C reM, tITO J1113HHronorry'tfaTem, C MOMenTa BCTyrrJIeH1I5I nacrosmero KOHTpaKTa B cany Bnpase aapasrre C Iloxynarenex OT csoero HMeHH npe,D,'b5IBJI5IT'&

HenOCpe,D,CTBeHHO I1p0.1laBUY ·rpe60BaUMJI.

xacarerrsno xaxecma, KOJIH'tfeCTB3,

KOMrIJIeJ<THOCTH, CPOKOB nOCTaBKH,

rapaaraaaoro 06CJIY)l(HBaHH5I Tosapa ..

1.2. HaHMeHoBaHHe Tosapa,cneIJ,mjuIKaIJ,l!51 npUBe,D,eHbl .B I1pHJ10)KeHI1U N21, 51BmI.f01T.J,IIMC~5I HeOTheMJIeMOH: 'tfaCThlO HaCl'mIlllero KOHTpaI<Ta ..

2. L(EHA 11 OBll(A5I CYMMA KOHTPAKTA

Shipping requisites:

Personal account with MPS Russia (tech PD Surgutskoe branch of the railway.) NQ 5790004

Railway station. Purpe of the Sverdlovsk railway

Key of the railway station: 798700 Consignee: 3AO «I 'panr» Consignee key: 4] 11

Or such other address as may be indicated by the Lessee.

At the date of the delivery of the Goods the Consignee, the Lessee, the Seller and the Buyer shall sign the Act On Confirmation of Arrival of the Equipment To Purpe Railway Station (in the form of Annex N. 4 to the present Contract).

The Seller is informed that the Goods, being purchased, are to be provided by the Buyer for [ease to the Lessee as by agreement Ng )],11 161/01-07 farm «26» July 2007 ..

The Seller agrees that as from the effective date of this agreement the Lessee shall be entitled pari passu with the Buyer and in its own name make demands directly to the Seller regarding the quality, quantity. completeness, delivery dates and warranty of the Goods.

I .2. The list of the Goods, specification shall be specified in Annex N21 hereto being an integral part hereof.

2. PRICES & TOTAL AMOUNT OF THE CONTRACT

2.1. Oomaa cyMMa KOHTpaKTa COCraBJI5IeT 2. I. The total amount of the Contract shall US$456,990,OOO.OO (lIeTbI.pec'rn IlHTLil,eCSI1' be US$456,990,OOO.OO (four hundred meert, MDJIJlUOHOB il,eOHTbCOl' )lCOHBOCTO fifty six million nine hundred ninety

TLICgq )lOJIJlapOB CITIA). thousand USD).

Ileaa e,D,HHHUbI npozryxrtaa onpezrenaerca B The price per item of the Goods is OpUJlo)J(eHHH NQ2 K HaCT05lIlJ,eMY AoroBopy, indicated in the Annex N22 to the present

neaa e.n;HHHII;bI rrpollYICIJ,HH BKJIEOqaer: Agreement and includes: the price of the

CTOHMOCTb 06opY.llOBaHIUI (cornacno Goods (in accordance with the

cl1euHtlnIKauHlI is TIpH.JJ:O)KeH.HH NQ 1 .K specification in the Annex N2 I to the

nacroatnevy KOHrpaKTY)~ me~MOHTa)l( aa present Agreement), supervising

MeCTOp0lK,lleHllH B P<I>, 06YQeHlle nepconana IT installation on the mine in the RF, staff

nposeneaae llCllMTaHH.51. training and test operation.

2.2~ Ilena KOHTpaKTa OCTaeTC5I. raepztoa H8 sees 2.2. The price of the Contract shall be

CpOK ,[(eitcTBlHI Kompaxra, He rrO,[(JIe)KHT HHKaKHM M3MeHeHJUIM H rrOHHMaeTC5I DDU 5IHAO, l1YPOBCKHH: paHOI{, nocenox Ilyprre ITpoM30Ha (MHKorepMc-2000). TaIOKe neaa KOHTpaKTa BKJI!lO'IaeT CTOMMOCT» 3KcnopTHOM

ynaxoexa, MapKHpOBKll, CKJIMHpOBaHH.sI,

neperpysxa ~I ycnyr nepeB031;IHKa. Ilena Koirrpaxra He BKJIlOyaeT B ce6.sI TaMO)KeHHbre nomnnau II C60P11 B crpaae Iloxynarens.

3. YCJIOBI15I ITJIATE)I(A

3.1. ITJIaTe)KH BCYMMe 274,J94,000.00 (nsecra ceMbJJ:ec~rr qeTbIpe MHJIJIMOHa CTO lIeB5IffOCTO xerupe TbIC5Iqu:) Jl:OJIJIapOB CIlIA sa 18 (Bocenaaznrars) e)J;lIHHU Tosapa no KOHrpaKTY ocymecransrorca I1OI<ynareJIeM B nonnapax CIlIA c 6e30T3b1BHOrO, IIOKpbITOrO, rpaaceepafensnoro asxpeznsrnaa, QTKpblTOrO Iloxynarenex B rrOJIb3Y Ilpozrasna B reqel'ure 21 (L1.Baan;aTli OAR oro ) 6aHKoBCKHX )J,Heil C .)J,UTbI IIotJ,IIJ{Cam'BI aacroamero KOHTpaI<Ta aa CpOK .lI,O 25.09.2008 (nanee -«AKKpe.[{HTMB 1 »),

AKKpel(llTI1B 1 Ll,OmKeH

6aHKoM:

Bank of Cyprus

SWIFT: BCYPCY2N030

HCnOJIH5[TbC)[

Ilnareaor no AKKpe,1lHTMsy 1 no KaIK,UoH e,[RHHIle Tosapa 6Y,UYT ocymecrsnarsca B CJIetJ,yromeM nopaaxe:

a) Ilepanii rnrarezc B paaxepe

13,709,700.00 (rpmramiars MIIJIJIMOHOB

CCMbCOT )lenaTh TbICHq CeMJ:.coT) ,I:(OJIJIapOB

eWA 6y,[!,eT npoassenen Ilponaany npn

rrpe)l'bJ:lBJIemUI B 6flFlK crrenytomax

,[IciKYMeHroB:

. Oparnaana I{oMMepqeC!<oro c-reta aa CYMMY 13,709,700.00 (TpMH.a)],IJ;aTb MMJIJIlIOHOB CCMbCOT )J,eBHTb TbIC)["lI cexrscor) )J,onrrapoB CLUA;

0PMflIHaJJa )I{Cne3HOLl,Opo)I<HOM

TpaHcnopUWHHaKJ1a~Oll BbIIIncaUHOH na

[pY30nOlIY'IflTeJI)[, C YKa3aHUeM Mecra

Ha'3HaQeHH.sI: 5lHAO, ITypOBCKMH pajioa,

IIQCeJIOI( Ilypne, fIpoM30Ra;

. Oparaaana Cepnepnxara xasecraa 0'1 npoassoznrrens ;

firm for the duration of the Contract, shall not be subject to. any alterations and shall be understood to be DDU (Incoterms- 2000) Yamalo-Nenetskiy avtonomniy okrug, Purovskiy Region, Village Purpe, Promzona (Incoterms-2000). The price of the Contract shall include export packing, marking, warehousing, transshipment and carrier services. The Contract price shall not include import tax and customs duties and fees in the country of the Buyer.

3. TERMS OF PAYMENT

3.1.. Payment n the amount of OS$274,194,000.00 (two hundred seventy four million one hundred ninety four thousand US dollars) under this Contract for the 18 (eighteen) units of Goods win be effected by the Buyer in US Dollars in the form of an irrevocable, covered transferable letter of credit, opened by the Buyer in the favour of the Seller within 21 (Twenty one) business days as of the signing of the present Contract until 25 September 2008 ("LlC 1 ").

The nominated bank under the LlC 1 shall be:

Bank of Cyprus

SWIFT: BCYPCY2N030

Payments by the Lie 1 per each unit of Goods shan be done as follows:

a) First payment in the amount of US$13,709,700 .. 00 (thirteen million seven hundred nine thousand and seven hundred US Dollars) shall be paid to the Seller against the presentation of the following documents

- Original Invoice for the sum US$13,709,700.00 (thirteen million seven hundred nine thousand and seven hundred US Dollars)

~ original of the railway bill, issued on the Consignee and with address:

Yamalo-Nenetskiy avtonomniy okrug, Purovskiy Region, Village Purpe, Promzona

Oparaaana Ccprmpaxara 0

rrpOHCXOIK,n:eHHH 060pYLl,OBaRI15I;

O¢HqnaJIbHOH KonHH Ceprarpmcara

CQQrBeTCTBH5[ ['OCT P;

-Oparmrana AKTa no,n:TBep)I(ll,eall&

npn6bITHJI Ofiopynosanaa HaIK,n: CTi.tHUHlO Ilypne, nozmncarmoro ITocTaSl.Il;HKoM, Ipyaononysarenea, JIH311HrOrrOJIYlJ:aTeJIeM H Iloxyrrarenesr;

- Oparaaana YrraKOBOqHOrO J1UCTa.

E) BTOPOH nnarex na CYMMy 1,523,300,00 (OJJ:IIHMUJIJIHQH mIn.COT naazntars TpM TblCa:qH rpacra ~OJIJIapOB CIIlA) npOH3Bo,n:UTC5I nocne npellOCraBJIeHH5I Ilpozrasuon:

-Oparanana KOMMepqeCKOrO cxera na CYMMy 1,523,300.00 (O;:UfH MHJ1JIllOH IUITbCOT ztsazmarr, IPR Tblc)pm rpncra !(OJIJIapOB CIIlA)

- Oparaaana Axra 0 rrycKe Ofiopynoaaans B 3KcIInyaTaUIHOj nonnacaaasni ITP0JJ,USUOM,

DO.KYIJi.tTeJIeM. Jlll::m.HrOIIOJIy~IaTeJIeM II

KOMnJHllei1 3AO «IlIK)J;prm-HopJl3Kc-XyHXya». B CJIYlJ:ae, eCJIl-I YKa3aHH:1IH AKT 0 nYCKe 06opYJ1,OBaHH5I B 3KCIIJIyamUluo He 6yJJ,er IIO,[(IIHcaH B reseaae 3 MeC5IueB C )laTbI IIOCTaBKH COOTB€TCTByromci1. e)lIlHI{L(bl Tosapa no npnlJ:HHaM, ne 3aBHC51mHM OT Ilpoztasua, STOPOH IIJIarelK no aKKpeJ1,liTHBY 1 6Y)ler npoaasenerr rro rrpe,n:b5IBJIeHlIH Opnrmrana KOMMepqCCKOrO CqCTa, YKa3aHHOrO BDIme.

3.2, Ilnarexa B CYMMe 182;796,000.00 (CTa BoceMb,n:eC5IT )lBa MHJI.rrHoHa ceMbCOT D,CBHHOCTO IUeCTb TbICWI) J]OJ1JIapOB CIIlA sa 12

-Original Quality Certificate from the manufacturer;

-Original Certificate of origm of Equipment;

Official copy of GOST R

conformance certificate;

- Original of the Act On Continuation of Arrival of the Equipment To Purpe Railway Station signed by the Consignee, the Lessee, the Seller and the Buyer;

- Original Packing list.

b) Second payment in the amount of OS$I,523,300,00 (one million five hundred twenty three thousand and three hundred US Dollars) shall be made against the presentation by the Seller of the following documents:

Original Invoice for the sum US$l,523,300.00 (one million five hundred twenty three thousand and three hundred US Dollars)

Original of the Act of placing of the Goods into operation SIgned by the Seller, the Buyer, the Lessee and the Company ZAO "Izjfrril - Nordliks-Hunl-Iua". Should the Act of placing of the Goods into operation will not be signed within 3 months as of the delivery date for the reasons beyond the Seller's control , the second payment under the LIe 1 will be effected at the sight of the Original Invoice mentioned above.

3.2. Payment n the amount of US$182,796,OOO,OO (one hundred eighty two million seven hundred ninety six thousand US Dollars) under this Contract for the 12 (twelve) units of Goods will be effected by the Buyer in

(,[(seHa,a,QaTb) e)1,I1HUU; Tosapa no KOHrrpaKTY OCYlIlecTBn5IlOTCSI Iloxynarerresr B,lJ;OJIJIapax ClllAc oe30T3bmHOfO, UOKPliITOfO, rpaacdiepaoensaoro aKKpe.nHTHBa, orxpsrroro Iloxynarenen B n0J1b3Y Ilpcnaana sa 60 (lllecrsziecar) )lHeIT )1,0 ).:(aTbI rrOCTaBKH 19~H e,lJ,HHMUbI Toaapa cornacao Ilpanoxertmo 3 K nacrosnrcsry Koarpasry HGl.CpOK )1,025.12.2008 (naxee -«AKKpe)l,HTHB 2»),

AKKpe,ll,IlTHB 2 ,[J,OJI)KeH 6,lHKOM:

Bank of Cyprus

SWIFT: BCYPCY2N030

HCIIOJIH5IT})C}l

TInaTe)KH: ITO AKKpe,ll.H1'H By 2 no Ka)K)l.Oll e,lJ,I1HMu,e Tosapa 6y)1,YT ocymeCTBJl5IT1C5I B cnenyromeu nopsznce:

a) lITepB.bIH rrrrareac B pasaepe

13,709,700..0.0. (tpaaazmars MUJWHOHOB

ceMbCOT neasrs T1ICWI ceMbco'J') ~OJInapOB

CIlIA 6Y)l,eT rrponaaenea I1p0.1laBII,y rrpn

npe)J,'1.IIBJIeHHH B 6aHK cnenyionrax

,[(oKYMeHToB:

~ Oparnaana KOMMepqeCKOrO cxera ua CyMMy 13,709,700..00 (rpaaaaners MBJ1JIHOHOB ,ceMbCOT ,u;eB5ITb ThlC5f'I cesn.cor) ,Ll;OJInapOB CillA;

Opnrnaana )Kene3HO;:t:OPO)f( HO IT

rpancnopraoa HaKna;:t:O:OH: B1IIIHcaHHOH sa

rpY30IIonYQaTeJUI, c YKa3aRHeM MeCTa

Ha3HaQeHmC JIHAO, IIYPoBCKH:H pairoa, nocenox Ilypne, I1poM30Ha;

Oparaaana AKTa 110.D;TBep)K'[{eBl'U1

fIpn6blTlUI 06oPYJi{OBaHH)l aa 1l(,Il CTaHll;nI:O Ilyprre, nQ,[{nnCaHHOfO nOCTaBUJ.RKOM,. Fpysonony-rarenesr, flH3HHforronyqaTeneM If Iloxyrrarenexr;

~ Opnraaana CepTHqH1KaTa Ka'tIeCTBa 0'1'

I1POH3BO;:t:HTeJlSf;

OpHnUIaJIa CepTmpHKaTl:!

rrpOHCXQ)K).:leHHll 060PYL(OBaHmr:;

OqmU;lIaJI})HOH xonan Cepnxpasara

COOTBeTCTBlur rOCT P;

~ Oparauana YrraKOIlO"IHOI'O JIHCTa.

US Dollars In the form of an irrevocable, covered transferable letter of credit, opened by the Buyer in the favour of the Seller 60' (Sixty) days

, h h' 1-- h 191h

pnor to t - e shipment or t e .

(nineteenth) unit of Goods as per Annex 3 to the present Contract and until 25 December 2008 C'LlC 2").

The nominated bank under the LlC 2 shan be:

Bank of Cyprus SWIFT: BCYPCY2N030

Payments by the Lie 2 per each unit of Goods shall be done as foUows:

a) First payment in the amount of US$13,709,700.00 (thirteen million seven hundred nine thousand and seven hundred US Dollars) shan be paid to the Seller against the presentation of the following documents:

Original Invoice for the sum US$13,709,7o.O,OO (thirteen million seven hundred nine thousand and seven hundred US Dollars);

.. original of the railway bin, issued on the Consignee and with address: y amalo-Nenetskiy avtonomniy okrug Purovskiy Region, Village Purpe, Promzona;

~ Original of the Act On Confirmation of Arrival of the Equipment To Purpe Railway Station signed by the Consignee, the Lessee, the Seller and the Buyer;

-Original Quality Certificate from the manufacturer;

-Original Certificate of origin of Equipment;

- Official copy of GOST R conformance

o certificate;

~ Original Packing list.

8) Second payment in the amount of

E) STOPOH IIJIaTe)I( HacyMMy 1,523,300.00 (0tlJUI: MHJIJIlIOH UR"TLCOT rtaazmars TpH TbICatIn) AOJ[JlapoB CIlIA rrpOH3Bo)].llTC5I rrocne rrpe)lOCT4lBJIeHIDl Ilponaanou:

-Oparaaana KOMMepqeC]wro cxeta aa CYMMy 1,523,300.00 (onaa MHIlJIHOH TI5ITLCOT )J,Ba)],LJ;aTb rpa Tb(C5I'IH) ,llOJIJIapOB CIllA

- Oparaaan AKTa 0 nYCKe 060py,u.OB4lHlUl: II

sscnnyaraumo, nO,[{ITUCaHHI>Ill I1pOAaB[(OM,

Iloxynareness H Jlasaarononyaarenea II

IWMuaRneH 3AO «fuK)l;PHJI-HoPA3Kc-Xy~U{ya». B onysae, ecna y:Ka.3aHHbIM AIn 0 nYCKe 060PY)!,OB4lHIHI B 3.KCIlJIyaTaU,mo ne 6y,[{eT IIOtJ;IlllCI3:H B reueaae 3 MecmteB C )laThl nccrasxa cooTBeTcTByIO~eH e,n:llHl-IIJ;I,I Tosapa IIO IlpWiHHaM, He 33BHC.all.l;HM or Tlponaaua, aropoii nnareac no aKKpe.D;lITIIBy 2 6Y)leT npoasnezrea no npezrsaaneams Oparanana KOMMepqeCKOrO c-rera, YKa3aHHOrO nsrme.

3.1 EaHKOBCI<He pacxozrsr na reppnropan Iloxynarens OIIJIa'IHBaIOTCSl sa cxer Iloxynarena, BHe TeppHTopHH Iloxynarena - 3a C'IeT Ilponaana.

Pacxcnsr no npO)lJIeHHIO 3KKpeJ]J1THBa 1 II aKKpe,lJ,Xrnma 2, Bcnyqae ax B03HHKHOBeHH5I, 6YL(er aecrn Ilponaaeu,

AKKpe.ll.MTIfBI H 3KKpe,II;JITHB 2 nO,D;.tJ:HH.IDOIfCH YHrn:pHUHpoBaHHbIM IIpaBHJIaM H o6:&r'IaSlM ,L~]HI ,[oKYMeI-IT3pHhlX 3KKpe,D;HTHBOB (ny6JIHl<aQMJ! MTn N2600,2007)

4 ... CPOK flOeT ABKJ1

4.1. Ilocrasxa K3)K):(Oll: napran Tosapa )l,OJIIKHa 6T.IT1 npoaaaenena B CpOKH, YCHmOBJIeHKbIe B I1pHJIQ)KemlM NQ3 K nacroamesry )1.oroBopy_

)laTaH nOCTaBKH napran T oaapa CqHTaeTCSI nara TIQCTynrreHHJI Tosapa aa CTaHUF.UO Ha3HaqeHmr H nara npocraaneane OTMeTKH Fpysonony-rarena B )l{ene3HO)lOpOJKHOM HaKJI3JlHOH nepeeossaxa,

US$I,523,300,00 (one million five hundred twenty three thousand and three hundred US Dollars) shall be made against the presentation by the Seller of the following documents:

Original Invoice for the sum US $1 ,523,300 .00 (one million five hundred twenty three thousand and three hunched US Dollars)

Original of the Act of placing of the Goods into operation signed by the Seller the Buyer and the Lessee and the Company "IzjDril - Nordfiks-Hunflua". Should the Act of placing of the Goods into operation will not be signed within 3 months as of the delivery date for the reasons beyond the Seller's control, the second payment under the Lie 2 will be effected at the sight of the Original Invoice mentioned above ..

3.3. AU bank charges ansmg in the Buyer's territory shall be borne by the Buyer; all bank charges arising outside the Buyer's territory shall be borne by the Sener.

The expenses for the extension of the term of the LC 1 and LC 2 shall be born by the Selle ...

The LC I and LC 2 shall be subject to Uniform customs and practices for documentary credit (ICC publication N.600, 2007).

4. DELIVERY TIME

4.1, Delivery of each consignment of the Goods shall be effected in accordance with the terms set forth in the Annex .NQ3 to the present Agreement.

Delivery date of each consignment of Goods shall be considered the date of entry of the Goods to the destination station and the date of mark of the

BCJlyqae rrOCTaBKH Toaapa, passremeeacro ua Consignee in the railway bill.

HeCHOJIbKHX e)lHHHI.r;ax rpaacrtopra, CPOKOM In the case of delivery of the Goods by

nOCra13KH c:qRTaeTC5I ztara rrpOCTaB.JIemHI several units of transport, delivery date

OIMeTKH rpy30110JIY~IaTemI B shall be considered as the date of mark of

lKene3IWA.opmKHoM HaKJI<I!,D,a OM nepeB03QHI(a,

ocpopMml'eMOH no nocnenneii enamme

rpancnopra. I1pH 3TOM ace pacxonsr, CB>I3aHHhle c O){(U.l1.amleM npaxozra rrOCJIe,n:Herre.Il.llfuIu,bl rpaacnopra (xpaaeaae panee npu6bIBIIIllX eJl.HHHD, aa cxnazre CBX H r.n.), necer Ilponasen.

Ilpaso C06CTBeHHOCTH aa cooTBeTcTBYEOIUYIO naprsno Tonapa nepexoznrr or npozrasua K Iloxynarenro 13 LJ;aTY HOCHIEKH.

the Consignee in the railway bill drawn for the last unit of transport.

All expenses related to the wait of the delivery of the last unit of transport shall be born by the Seller (including but not limited to the storage of the previously delivered units at the temporary storage warehouse etc.).

Title to the Goods for the relevant consignment of the Goods shall pass from the Seller to the Buyer at a delivery date,

PHCK.H YTpaTbI H I10Bpe)K,IteHlUI Tonapa Risk of loss and risk of injury of the

nepexonsr K JIH311HronOnYQaTemO B .1laTY Goods shall pass to the Lessee at a

rrOCTUBKH. delivery date.

4.2. ,l:(OCPOQH8H II sacraxaas nOCT8!BI(a 4.2. Pre shipment and partial delivery are paspemeaa TOJlbKO no COrn8COI'laHRIO c allowed, but subject to the approval by the

Iloxynarenesr, I'pysononyaarenex M Buyer, Consignee and Lessee,

JJH3HHfOITOJIytlaTeneM.

4.3. Ilponaaen o6.5J3aH HHcPOpMllpoBaTb

Iloxynarena, JIu3MHrOrrO.JIyt-IaTen5.! H

I pysononysarena rro TeJIecpaKcy 06

OJKll.1laeMOM nare IlOCTaBKll He nosnaee, 1:leM sa 14 (uersrpnannars) pafioxax )lHH .1l0 npenrronaraeuoa LJ;aTh! nOCHtBKH.

4.4.. Ilponasen coofinraer Iloxynaremo, Jl'H3HHfOnO.JIYQaTemO H Fpysononysaremo no renerpaxcy B TeQeHlle 2 (Jl:BYX) pafionax LJ;Hen c .uaTbI crrpysxa cnezryroume OTrpY30QIfble .ll.aHHble:

- ,1J.aTY oTrpY3KH H pacsernaa )l,aTa rrpn6BITHJt;

- MeCTO Ha3Ha~]eHUH'

.• KOJUPIeCTBO BarOHOB;

- HOMep rparrcrroprrron HllKrra)lHOn;

- o6u:(ee QHCrrO ynaKoBoK;

- ra6apHTHb.Ie pa3MepbI.

A TaK:>Ke HarrpaBMTb no <paKey B 'renenae 2 ():~BYX) pafio-rax )lHeHlloKYMeHTbI;

-MHBOl1C;

-rpysosas TaMO)KeHHM .lleKrrapau'U5!

-ynaxoaoaasre JIRCTb!.

4.3. The Seller shall inform the Buyer, the Lessee and the Consignee about the expected delivery date by fax at least 14 (fourteen) business days prior to the expected delivery day.

4.4. The Seller shall inform the Buyer, the Lessee and the Consignee by fax within 2 (two) business days from the date of shipment about the following shipment details: .

- the date of shipment and the calculating date of arrival:

- place of destination;

- quantity of wagons;

- number of way bill;

- total number of packing;

- overall dimensions.

As well as send within 2 (Two) business days by fax the following documents: -1l1VOlCe;

-cargo customs declaration;

-packing lists,

5. ynAKOBKA I1MAPKI1POBKA 5. PACKING AND MARKING

5.1. TOBap )lOJDK.eH nOCTaB.JI5I.TbC5I B 3KcIIopnIOH 5.1. The Goods shall be delivered 111

ynaxosxe, Tosapa,

COOTseTCTSYEorn;eii

xapaxrepy export packing suitable for the type of the Goods.

5.2. Ynaxosxa .n;OJDKHa npeztoxpanars Tosap OT BCHKoro pona nOSpe)I(.n;eHFI:H H KOpp03HH npa ere nepeaosxe aaaa-, JKerre3Ho.n;opmI<HbIM, ~lOpCKIIM, Ha3eMHbIM rpY30SbJM 'rpancnoprou HJIH B mo60M CO'IeTaHHH rpaacnoprasrx openers.

5.3. Ilponaseu o6jJ3aH npenocraaars no,n:po6HbtH ynaxosouasni rrHCT na PYCCI<OM ,lI3hIKe na KaIK,Uoe MeCTO rpysa, B KOTOPOM ysaasrsaerca HOMep H OTIHCaHMe KaiK.ll.0ro ornensnoro npenvera.

5.4. O,nHH 3K3eMnJl~p ynaxosonaoro IDiCTa cnenyer BMeCTe c rpY30M.

KOIIHM yrraxoso-msrx JIHCTOB TIO KIDK)lOMY BamBY .n;omICH.!',! 6bITb OTIIpaBJIeHbl Ilponaauov sxcnpecc II01.JTOrr B azrpec Ilosynarens B resenae 1 0 (necara) pafioxax .nHeii c .naTb) oTrpY3KH.

5.2. The packing shall protect the Goods from any damage or corrosion during transportation by air, rail, sea, truck or in any combination of transport facilities.

5.3. The Seller shall provide a detailed packing list in Russian language for each delivery package specifying the Contract number and number and description of each individual packed item.

5.4. One copy of the packing list is to be sent with the cargo.

Copy of the packing list for each rail car shall be send by the Sel1er to the Buyer by the express mail within 10 (ten) business days from the date of shipment of Goods.

HeCMb]BaeMOrr ~faPI(HpOBKa :

KpaCKoii

HaHOC}iTCii 5.5. Each packing shall be marked on 2 CJIe.llYIOIUa5I sides. Each case shall bear the following marking made in indelible paint:

5.5. Ha Ka)J{.n;yro ynaxoaxy

- lIoMepKoHTpaKTa;

- uaUMenonaHUC npc,!J,npHHTuH Ilponaaua;

- HaUMCHOBaHue npentrpnsrrna nOI~ynaTeJIH;

- rppOllOJIyqaTCJIbj

- Bec opY'rro, Kf.j

- pa3Mcpbl rpysa, 8 eM. (,!J,JIHHa, mnpaaa,

BbICOTa)j

- HOMep yna{WBKII.

5.6. YnaKOBKa HYMepyeTc~ .llP06HbIMH QHCJlaMM, I1pHQeM sacnarens 6Y,!J,eT 03Hal;IaTb HOMep ynaxosxa 110 IIOp5!,lJ,Ky, saasceaarens - ofiuree KOJffPJieCTBO yrraxonox B rpyse, a 3HaMeHaTen.b - ofinreexonasecmo ynaxosox B rpyse.

5.7. Ilponasen rrecer OTBeTCTBeHHOCTb nepe.ll Iloxynareneu sa rnofioe nOBpeIK,UeHi1e Tonapa BCJle,nCTBHe HeKaqeCTBeHHOH HJlli HeHa,D,JIe)f(alll,err ynaxosxa, a TaIO:I{e sa y6bITKH, CB5I.3aHH1Ie c nocrasxoa rosapa He ITO aztpecy.

6.TOBAPOCOITPOBO)JJ1TEJIbI-IA5I Ii TEXHI-P·lECKA51 ,I:(OKYMEHT AUH.5I

Contract Ni!'

----

Seller _

Buyer _

Consignee _

Gross weight, kg. __

Dimensions of the cases em.

-----

Packing No. _

5.6. Each packing shall be marked with a fraction in which the nominator shall indicate the number of the package one after another and the denominator shall indicate the total number of the packing in cargo.

5.7. The Seller shan be liable to the Buyer for any damage to the Goods arising out of improper or insufficient packing, as well as for any losses caused by sending the Goods to a wrong address.

6. TRANSPORTATION AND TECHNICAL DOCUMENT A TIO

6.1. Buecre c TOBapoM ITpollaBI.19M 6YL!;eT 6. L The Seller shall provide for the crrezryromas shipment of the Goods to be accompanied TeXHlIqeCKa~ by the following transportation and technical documentation:

- specified bill (invoice);

- the original copy of the transport

document;

- packing list;

nporrcxo)K,1J,eHHu - Quality

ornpaanena

TOBapOCOrrp0I30,1l(HTeJIbHClSl

II

,llOKYMeHTal.(H5I:

- crrel\ncllHl.(llp013aHHbIH CqeT (HHBOHC);

- opUfHHan TpaHcrropTHoro nOKYMeHTa;

- YUaKOBOqHbliinl!CT

- CepTMrpnKara Ka'IeCTBa;

Cepradmxar 0

060PY,llOBa:HH5I;

0<pHIJ;HarIbHaa KOIHH!

COOTBerCTBI'I51 rOCT P.

Certificate

from

the

manufacturer;

CeprHCjJM1<aTa _ Certificate of origin of Equipment;

- Official 'copy of GOST R conformance certificate.

7. KAQECTBO 11 r APAHTH5I

7.1. Ilponasen rapaHTHpyeT,I:ITO:

Ka"IeCTBO nOCTanJI5IeMOrO Tosapa

cooraercrsyer nOJIO)KeHHllM, 113JIO)l(eHHHM B ll.OKYMeHTaQllll <pHpM-mroToBllTe:rreH, KOTQpaa: nocrasaaerca c TOBapoM, .l1e.HCTBYlonUiM Me)l(.l1)'Hapo,lIH.bIM craanapraa (ISOO), rOCT P, TeXHH"IeCKHM Tpe6013aHH5IM Iloxynarena;

KOMnnel(rHOCTb 110Cr3BJI5IeMOro Toaapa

IlOJJHOCTbIO omexaer ycrrOBI15IM KOHTpaKTa, 'ITO 06eCne"IHT ero HOPMaJIhHyro H Cra6HJ]hHYJO paGOTY·

- rapaHTHHHbIH nepnozr cocraanser 12 Mec~u;eB c .u:aTbI nO,ll,l1MCaHHH ynOJ1HOMOqeHBJ,IMH npencrasarenssm IIpO.1l.aBIla liM Iloxynarens 3KTa npaeaa MOHTa)KHJ)lX rrYCKOHaTIa,llOqHhIX parior aa repparopaa P<D HJIH B re-reaae 18 (Boceeraanuar«) MeCHueB c ,J;(aT11 llQCTaBKH, KoropoH cxaraerca ztara, YKa3aHHaJI 13 rpaHCnOpTHOM ,1l(OKYMeHTe.

7.2 .. ECJIn: 13 resenae cpoxa rapanrmr TOBap OKa)I<erC5I ,llecjJeK'fHbIM, HeHCIIpaBHbIM, He coorsercmyromaa yCJ1~OBll~M aacroamero KOHTpaKTa HJIlI TeXHnqeCKOH .1l.0KYMeHTaIJ;nH ¢UPMbI-H3rOTOBHTeml, Ilponanen 06}13aH B resenne 60 (mecranecara) llHeH (Co. llHH nonyseaas IIpeTeH3.1U1: 0'1' JIH3HHrononYQaTell5I) sa CBOR cner, no Bl:>I6opy Jhf3HHfonorryqareml, HnH YCTpaHHTb ,ue<jJeKTbl, mIll 3aMeHHTb ;:re4JeKTHbIH TOBap aa HOBtIH. B CJ1Y'Iae eCJIH rexmerecxaa nOKYMeHTaI(U5I, nOCraBJIJIeMa5I BMeCTe c Tonapox, He COOTBeTcTByer Tosapy, Ilponaseu 6 eCIIJIaTH 0 rrponssezter 3aMeHY TeXHIIQeCKOH .1l.0KYMeHraUlIU B resenae 20

7. QUALITY AND WARRANTY

7. L The Seller warrants that:

- quality of supplied Goods corresponds to the features stated in the Supplier's documentation provided with the Goods, international effective standards (ISO), GOST R, technical requirements of the Buyer;

- the Goods has been delivered complete in its totality in accordance with the conditions of the Contract and this win ensure its normal stable operation.

~ the warranty period. is 12 months from the date of signature by the authorized representatives of the Seller and the Buyer of the Act of acceptance of the placing into operation and installation works in the territory of the RF or is 18 (Eighteen) months from the delivery date which is the date containing in the transport document.

7.2. If during the warranty period the Goods proves to be defective or faulty, or not corresponding to the terms of the present Contract or technical parameters of the manufacturer, the Seller within 60 (sixty) days from the date of receipt of the Lessee's claims shall at his expense and at the Lessee's choice either to remedy the defects or to replace the faulty Goods with new of good quality. If the technical documentation supplied with the Goods does not correspond to the Goods, the Seller win replace the technical documentation, free of charge within 20

(nB<l.IJ,l(aTH) ,nfIei1 c .naT!>I ncnyseaaa npereasaa (twenty) days after receiving the claims of

OT JIH3l:IHfOflOJIyqa:reml. the Lessee.

7.3. ,[{eHcTBHe raparrraa aarcaara-recxa

npexpamaercz B cnysae, eCJlH TOBap

nonseprancs ll3MeHeHrUIM H peMOHTY C

aapyureaaeu HHcTp)'KnHH qmpMbI-

H3rOTOBl1Temr Tosapa, ana eCJIII TOBap 6bIJl HCflOJIh30BaH He no Ha3HalJeHlUO lillH 6bIJI noapexnea B pesynvrare xarraTHOCTH HJIH nenpasansaoro ncnonsaceaaaa Iloxyrrarenea WHJUI nH3HHfOrrOJlyqaTerreM.

7.4. Bee rpancnoprssre pacxozm H zrpyrne pacxorrsr, CBJI3aHHE.le c B03BpaTOM If/HIrM 3aMeI'IOH JJ;e(peKTHOro Tosapa, rtecer Ilponaseu.

8. OTBETCTBEHHOCTb CTOPOH

8.1. B cnysae rrpocposxa nOCTaBI<H Tonapa, Ilponaseu ynnaxasaer Iloxynaremo nrrpadi B pasxepe 0,5% OT CTOHMOCTH He nocraaneaaoro B CPOK Tosapa aa Ka)K,UYro HaqaBlliYIOCJI aenemo B reseaae nepssrx 4 (sersrpex) nezrerrs npocpoxxa If 1 % sa Ka)K)l,yro rrocnenyiomyro senenro HO He 60nee 8% OT 06llIeH CTORMOCTH He I10CTaBneHHoro Tosapa B resenae 7 (ceaa) KaJ1eHAapHblx .nHeR co llH5I nonyseana csera IToKyrraTeJUI na B03MeU(eHMe urrpatpa,

8.2. ECJ1H npocposxa nOCTaBKH Tosapa npessrcar 3 (TpM) MeCJIua, I10KynaTeJJb 6y,ueT snpaae pacroprayrs HacT05uUMH KOHTpaKT. B 8TOM crrysae Ilpoztaseu 06)13aH sepayrs Iloxynaremo nonyserrasre nnarexa sa He rrOCTaBJ1eHHblR rto paCTop)J(eHM)I KOHrpaKTa TOBap H BhIDJTaTHTb YKa3aHH1IH B rrynxre 8.1 urrpaqi B rexeaae 10 (necara) ,uHeH C narsr paCTOp)!(eHHSI'. KOHTpaKTa.

8.3. B crtyaae 3a,lJ.ep)I<KH Iloxynarenev B OTKpbITHH axxpemrrasa CpOK nOCTaBKH Tosapa OTO,l{ImraCTCS! Ilponanrrox copasxepao Tal.<OH sanepaxe. 06JI.3aTeJIhCTBa TIoKynaTeJlSI no onnare rro aacroamesry KOHTpaKTY C'1ITTaIOTCSI HC110JIHeHHE.IMM B ztary OTI<pbITIDI aI<Kpe,lJ.uTITBa B COOTBeTCTBHH co cT.3 aacrosmero KOHTpaKTa.

7.3. The warranty conditions will cease automatically if any item has been altered or repaired other than in accordance with the instructions manuals of the manufacturer of the Goods or if the Goods are subject misuse, improper maintenance and/or negligence or other damage by the Buyer and/or Lessee.

7.4. All transportation and other charges arising from the return and/or replacement of defective Goods shall be borne by the Seller.

8. LIABILITJES OF THE PARTIES

8.1. In the event of any delay in delivery of the Goods, the Seller shall pay to the Buyer the penalty at the rate of 0,5% of the price of corresponding Goods overdue for every current calendar week of delay for the first 4 (four) weeks of delay and 1 % for each following week thereafter, but no more than 8% of the value 0 f the Goods delayed within 7 (Seven) calendar days as of the date of the presentation of the invoke of the Buyer for the compensation of the penalty

8.2. If delay in delivery of the Goods exceeds 3 (three) months, the Buyer shall have the right to cancel the Contract. In this case the Seller shall be obliged to repay to the Buyer all payments for the Goods which has not been delivered before the cancellation of the Contract and pay the penalties specified in clause 8.1 within ten (10) days from the date of the cancellation of the Contract.

8.3. In case of delay in opening of the letter of credit the date of delivery shall be Postponed according to such delay. The obligation of the Buyer to pay for the Goods shall be discharged at the date of the opening of the letter of credit as per art.3 of the present Contract.

8.4. Ha B KaKOM cnynae Croponsr ne aecyr OTBerCTBeBHocrH sa mo6ble KOCBeHH1Ie, paKTnqeCKHe", urrparpasre y6bITKH HJlII yrpary nena WlH penYTaU;HH, norepio ,n:oxO)J,a, lUIU yIIy~eHHyro BbIro,lJ,Y TaK HJUf naaae BQ3HHK31OlI(HX ncnencrnae HIm C CBH3H C HaCT05IUUIM KOHTpaKTOM, a TaIOKe He necyr OTBeTCTBeHHOCTH sa napynrerrne mofisrx YCJIOBHH HJIH raparrran, .I:IBHO HJJH He.l:lBHO co.ueplKaIIJ;HXC5I B 33KOHo.n,aTenbHOM axre llJllf .TI:pyroM ,rr,OKYMeHre, ecna aro tIeTRO He YKa3aHO B HaCTO.l:lW;eM KOHTpaKTe.

9~ IIP ABO COBCTBEHHOCTH 11 paCK

9.1 PHeK yrparsr H rrOBpe)K,n:eHH.I:I no Ka)K,ll,ON e)lHHl1ue Tosapa nepexoznrr K J1H3HHfoilorryr.IaTemO B ,uaTy rrOCTaIlKH Tosapa B COOTBeTCTBHII C nA. 1. KOHTpaKTa ..

9,2 ITpa'BO coricruemrocra na TOBap nepexomrr K Iloaynarerno C narsr nocraaxn Tosapa B COOTBeTCTBHH c rrYHKTOM 4.1. KOI-ITpaKTa.

10. ITPE)J,BAP11TEJIhHhIE VICITbIT AHVI5I VI llIE<l>MOHT A)I{

10.1. Ilpoztaaeu rrpemrpanmraer see

BQ3MO)J{HbJe MepbI ;a:mr H3)3ef[(eHl1JJ

]1H3TmrOIIOJIytIUTeJlSI 3U 20 (,1lBa.lJ,IIaTb) ,1lHeN 21,0

If3tIa,na nposeneaxs IIpe,n:BaprrTeJI1HbIX

nem,namfH npozryxuna. DOKynaTeJI1

sanpaanser CPOKOM zro 10 (.n:ecRTh) .aHeN He xeaee 2 (2IBYX) CBOUX npe)J.cTaBHTerrei1 aa CBOH CtIeT )])lH Ha6mo.ueHJIH B XO,1le 06bltIHCiro

pa6oQero ,lJ;ID! sa IIpon:eCCOM HCII.bITaHUH.

rrpo,[(yKUliH. Ilponasen orPopMrraeT

npxrnamenne cneuaanncros.

,n:J]}1

npHe3}KaIOI.IJ:llX

10.2.

Ilocne

COCraBJI.I:IeTCH aKT HCII.bITaHHM C ,1leranbHblM YRa3aHfleM pesynsrarca.

8.4 In no event shall the Parties be liable for any indirect, special, punitive or consequential damage or for any loss of business or goodwill, loss of revenue or loss of profits, howsoever arising under or in connection with this Contract. Nor shall the Parties be liable for breach of any terms conditions or warranties express or implied whether by statute or otherwise unlessexpressly provided in this Contract.

9. TITLE AND RISKS

9.1 Risk of loss and risk of injury for each item of the Goods shall pass to the Lessee at the delivery date of the Goods as per Clause 4.1. of the present Contract.

9..2 Title for each item of the Goods shall pass to the Buyer after Delivery of the Goods referred to in Clause 4.1.

10. PRELIMINARY TEST OPERATION AND INSTALLATION SUPPORT

10..1. Seller take all possible measures to notify the Lessee within 20 (Twenty) business days prior to the beginning of the preliminary test operation of the Goods. The Buyer shall direct for at least 10 (Ten) business days not less than 2 (Two) its representatives at its own expense to inspect during the normal working hours the operation of test of the Goods. The Seller shall execute the invitation letter for the coming experts of the Seller.

10.2. Following the test operation of the Goods the Act of test operation containing the results oftest operation shall be made.

10.1. The Seller shall assist the

10.3. Ilponaseu OKM<eT novonn representatives of the Lessee in the npenerasnremo JIH311HrOnOrr~IaTerrg B resolution of the issues uprising during peurcmra sonpocoa, xoropsre MorYT their sojourn in the state of the Seller. The B63HIIKHYTh BO apeMH era rrpe6:hIBaHR}! ncrpanc Seller shall provide at its 0\\,11 expense the Ilpeaasua, TIpO,l1;{lBe.I.I. npenocraaar Lessee with the interpreter for the 6eCITrraTHOro rrepenozr-mxa ,1lna npne3)KaIOIII,HX oncoming experts of the Lessee. crreUl1aJU:ICTOB JIM3HHfOrrOJIYQaTelUL

10.4. Ilocne

Fpyaononysaremo

nocrasxa Ilpozranen

rrponYKI(IUI o 6513ye'TC:H

aanpanxrs cnCQfIanfICTOB ,LJ,JUI pYKOBonCTBa nporreccow BhlflOJIHeHfI:H rrYCKORalIa,llOtIHbIX patior.

11. <l>OPC-MA>KOP

CTOPOHbl

11. I.

oCB060)l(,ll;alOTCH

OTBeTCTBeHHOCTll aa lJaCTl'[qJfoe fIlIH nonaoe

HeBhITIOlIH:eHHe CBOHX 06513aTem:,cTB no

HacTOHIUeMy KOHTpaKTY, ecna raxoe

HeBbTIIOJIHeHHe HnHJ10Cb CJIe,llCTBHeM

06CTO~ITeJIbCTB HenpeO,LJ,OJIHMOfi CHJI1>I, a

HMeHHO: noacapa, HaB01-l:HeHW:I., 3eMJIeTp5fCeHH:H:, BOllH!>I, 6nOKaJlh1, .rr.efiCTBHU:, yKa3aHHH lIJm: orpaHH'IeHHH. co CTOPOHDl KaKllX-Jm6o

np8BI-lTem,CTBeIlHhlX opraaos .npynrx npaxaa, HaxO.rr.51lllHXCH Cropoma, OKa3aBIIIeHC}l non raxax 06CT05fTenbCTB..

HnH rnofisrx BHe KOHTPOlIH B03,LJ,eHCTBHeM.

11.2. CTOpoHa, .rr.n.a: KOTOPOH C03,llaJIaCh HeB03MO)f(HOCTh HCnOJIHeHIDI 06Sf38TeJIhCTB no HaCT05lIlJ,eMY KOlfTpaKTY, 06513aHa B rexenae 10 (ACC5lTH) ,llHeH H3BeCTHTh zrpyryio CTOPOHY 0

10.4. Following the delivery of the Goods to the Consignee The Seller shan direct its specialists to manage the process of placing into operation,

11. FORCE MAJEURE

0'1'

11.1. The parties shall be released from any liability for partial or complete failure to perform under this Contract, if such failure IS caused by force-majeure circumstances, namely: fire, flood, earthquake, war, blockades, any actions, directions or restrictions of any Government, or any other reasons which are beyond control of the party affected.

11.2. The party unable to perform its obligations under this Contract shall inform the other party within 10 (ten) days about the occurrence and cessation of

npexpameana

TaKHX such circumstances.

H8cTynneHIDI H

06CTO}lTeJ11CTB.

11.3.)J;oCTaTOL]HbIM .rr.OKa3aTCJIbCTBOM f1aml'LIH.sI 11.3. Certificates issued by the Chamber o6CTOJITenbCTB HenpeOnOJIllMOH cnma n FIX of Commerce Of the Chamber of Trade npononaorrensaocra 6Y,llYT CJI~MTb cnpaaxa, and Industry of the Seller's, of the B&1)l.aBaeMhle ToproBon HJIH roproso- Buyer's, of the Lessee or of the Consignee npOMhlllIJIeHHOH nanaroii CTpaHhI Ilponasua, country shall be considered appropriate

CTpaHhI Iloxyrrarens, crpanu proof of the occurrence and duration of

J1H3l-UlrOrrorrYlJaTeJUI mIll crpaasr force-majeure circumstances.

I'pysononysarena COOTBeTCTBeHHO.

11.4. B cnysae He YBe,llOMJIeHH5l, oCBo6o)KlleHHe 11.4. In case if one of the party does not OT OTBeTCTBeHHOCTU He nacrynaer. inform the other, then it should not be

released from the responsibility.

11.5. ECJllI BhIllleYKa3aHHLIe 06CTOHTeJII,CTBa 11.5. Should the above circumstances last 6Y!I.YT rrpOllOJDKaTbCH 60JIee 3 (rpex) MeC5lQCB, more than 3 (three) months each party TO Ka)l(,ll;a5! H3 CTOpOH HMeCT npano shall have the right to terminate the aFIHYJllipOBaTI, KOHrpaKT, H B 3TOM cnyxae Hll Contract and in this case neither party OAlIa 113 CTOPOH He nrrpase rpe60BaTh 0'1' rrpyroa shall have the right to demand from the CTOPOHbl 1l03Me1l(eHH.sI B03MO)KHhIX y6hITKOB, other compensation for possible losses

HMeBlIHIX MeCTO B pe3YJIbTaTC raxoro caused by the termination.

aHHYJ111pOBaHIUI.

12. IIPHMEHHMOE TIP ABO I1 nor JI,[l,OK 12. GOVERNING LAW AND ORDER

P A3PEillEH1'!5I CnOPOB

12.1. K OTHOllIeHIUIM CTOPOH no HaCrOHJIleMY KOInpaKTY npmeeaaercs MaTepHaJIbHOe npaBo ABrmnr M Y3JTbca ..

12.2, Bee cnopu H pasaornaeas CTOPOH, BQ3HMKalOmUe U3 Ha.CTOa1Il,erO KOHTpaKT8. HJlH B CBJ!3H C HHM, 6y.n.yr no B03Mo}KHOCTH penrarsca nyreM neperoaopoa.

12.3. ECJIH CTOPOHI:.I He npanyr K cornameauro, TQ see CnOp])I, BbITeI<aloIIJ,I1e H3 HaCTO}lID.erO KOHTpaKTa BJiH B CB.H3H CHUM nepezrarorca na paccirotpeane B COOTseTCTBIUI C YCTaHOBJleHHb[M pen:l(lMeHTOM B J10H.ll.OHCKOM MeJK.llYHapo.u;HOM Tpereaceoss Cyne. Mecro ap6HTpa)K'HOrO pa36npaTCJ1bCTBa - r .. Jlormoa.

IDbIK rpereacxoro pa35HpareJIbCna

aBfJIMHCK.lfR.

12.4. Pemenae Ap6HTpa)l(8. 6y..ueT JlBn>lT:PCH OKOIPJaTeJLbHbIM H 06}13aTerrhHbIM ..urr:a Cropoa.

13. rIPOqtIE YCJIOBl15I

13.1. K nonpocajr, He yperynnponaansus B ijaCTOillqeM KOHTpaKTe, npHMeHHlOTCH Me'lImyuap0,lJ,HbIe npaaana d1HKOTEPMC ~ 2000» (rry6m,mau;ruI Me}l{.rt:YHapo.rt:HoH l1oproBoti:

IIaJlaThI N!! 560).

13.2. Bee ueasr, acnoxsayenue B KOHTpaKTe,

)J,€HCTBIITeJIbHhl TOJIbKO ..uml )l,3HHOro

KO;HTPaKl'a. B OTHomeHMH nocnenyroinax KOH'rpaKTOB Ilponasen OCTaBm!eT 33 co6oil npaao E mo6oe BpeMJI H3MeH5!Tb ueHbI na mo6bIe npenocraansexsie liM rosapta arra ycnyrn.

OF DISPUTES' SETTLEMENT

l2.1. Legal relationship of the parties according to this Contract shall be governed by the substantive laws of England and Wales.

] 2.2. All disputes between the parties arising from 01' in connection with this Contract shall be settled, if possible, by means of negotiations,

12.3. If the parties shall not come to an amicable settlement, any dispute arising out or in connection with this Contract shall be referred to arbitration for consideration and final settlement in accordance with the Rules of the London International Arbitration Court. The place of arbitration shall be London. The language of the arbitration shall be English.

12.4 The Arbitration decision should be considered as final and obligatory for both parties.

13. MISCELLANEOUS

13.1. To the extent not otherwise provided in this Contract, "INCOTERMS 2000" Rules (publication of the International Chamber of Commerce No.560) shall apply.

13.2. All the pnces are valid for this Contract only. For future contracts the Seller reserves the right to change the price of any goods or service sold by him at any time,

13.3. Bee fi3MeHeHllJl II nonormeaas K 13.3. Any amendment or additions to this uacrosmesry KOHl'pa!KTY ,lJ,e:ilcTBH.TeJIhHI>I nann. Contract shall be valid only if made in B TOM cnysae, eCJIH OHM coseprueasr B writing and signed by duly authorised IIHcbMeHHoH cpopMe H nonnncamr Ha)lJIeiKam;HM representatives of each party ..

o6pa30M yrroJUwMolIeHHhIMH npencraaarenaaa

Ka)f(,UoH1iI3 CTOpOH.

13.4.. Iloxynarens MO)KeT OTMeHHTh .KOHTpaKT, 13.4. No contract which has been Y)f(e I1pUH5IThIH K HCnOJIHeHJUO Ilpoaasuou, accepted by the Seller may be cancelled TOJIbKO aa yCJIOBHII nnC1MeHHoro cornanreaas by the Buyer except with the agreement in MeJ](..uy Jlponasnou H Floxynareaess 0 TOM,qTO writing of the Seller on terms that the I10KyrnlTeJIb rrOJ1HOCTblO B03MeCTHT Bee Buyer shall indemnify the Seller in fun

paCXO.IU:>I, 113,ll,ep}l{KH H y6blTKH xoropsre MO)KeT against aU loss, costs, damages, charges rrOHeCTlI Ilponasen B peayrrsrare OTMeHf>! and expenses incurred by the Seller as a

33Ka3a. result of the cancellation.

13.5. IIaCT05l.ml'IU KOHTpaKT scryrraer B curry c MOMeHTaero IIO.IJ;IIucaHI:HI CTopoHaMH, U Bee npennzrymae rreperoaopsi H nepenacxa, I1MelOIlI.He K HeMy OTHOlIIeHBe, C~lfraJ:OTC51. yrparasmaaa cany. HaCTOJ!IlI.HH KOHTpaKT ,neHCTByeT .ll;O nOJIROrO aCIIOJIHeHHH CTopOHaMH CBOHX 06513aTeITbCTB no KOHTpaKTY.

13.6. Ilpasa H o6J!3aTemcTBa CTOPOH no HaCTOSHI.J;eMY KOHTpaKTY He MoryT 6bITb nepeycryrrneasr HITa nepenamr TpeTI>HM mlI~aM 6e3 npe)J.BapRTeJIbHOrO IIRCbMeHHoro COrJIaCHlI CTopaH.

13.7. HaCT05l1.Il.HH KOII'rpaKT COCTaBJIeH B rpex 3K3eMnJI5I.paX .IJ;mI Ka}l{.ll;OH 1'13 CTOPOR aa PYCCKOM H anrmIHCKOM 5I:3bIKax. B crrysae HeCOOTBe'(CTBlU[ Me)!(,Uy aHrJIHH.CKOH H PYCCKOH BepCH5I:MfI KOHTpaKTa, aHrrrHMCKa5I BepCHH 6y.n;eT HMeTb npemsyntecrneaaoe 3HaQeHHe.

14. IOPH~nqECKI1E AWECA CTOPOH

Ilponasen:

Clusseter Limited

Anpec: Spyrou Kyprianou, 29 Mesa Geitonia, P.C. 4003, Limassol, Cyprus

CtIeT Nc 0385-40-06-2198

IBAN CY820 0200 3850 0000 0402 1981 506 B Bank of Cyprus

Swift :BCYPCY2N030

Tloxynarern.:

OAO «BT.6-JIu3UHD)

IIO'ITOBbII1 anpec: 107078, r. Mocxsa, TIp-T Axanesraxa Caxaposa, ] 0

lOpMlIwIecKuH anpec: 109147, P<!>, Mocxsa, YJ1. MapKCHCTCKaH, 16

l1HH 7702070139

KllII 783501001

TeKYJJ.(uH BaJlI:OTHbIH cxer B EBPO: p/cser N2 4.0702 978 9 '00090020461 B OAO BAI-IK BTB, r. Mocxna SWIFT: VTBRRUMM

13.7. This Contract shall become effective upon its signing by both parties and all previous negotiations and correspondence pertaining thereto shall be considered null and void. The Contract shall be in full force and effect until the full discharge by the Parties of their obligations under the Contract.

13.8. The rights and obligations under this Contract shall not be assigned or transferred to third parties without prior written agreement between the parties.

13.9. The present Contract is made in triplicate for each in Russian and English

languages. In the event of any

inconsistency between the English

language version and the Russian language version of this Contract the English language version shall prevail.

14. LEGAL ADDRESSES OF THE PARTIES

The Seller:

Clusseter Limited

Registered office: Spyrou Kyprianou, 29 Mesa Geitonia, P .C. 4003, Limassoi, Cyprus

Account Nc 0385-40-06-2198

!BAN CY820 0200 3850 0000 0402 1981 506 with Bank of Cyprus

Swift :BCYPCY2N030

The Buyer:

JSC VTB Leasing

Post Address: 1 07078, Moscow,

Akademika Sakharova Avenue 10

Legal address: 109147, Moscow, Marksistskaya str. 16, Russian ederation

VAT No 7702070139, KPP 783501001

Current account in Euro:

NQ 40702978900090020461 In JSC BANK VTB, Moscow SWIFT: VTBRRUMM

Jlasaarononysarens: Lessee

000 «BeJJ!JJ ,l\PIIJJJIUHl' Kupnopanma» 000 "Well Drilling Corporation"

Azrpec: 119049, r. Mocxna, yn. ~OHCKa5.!, ,n. 8 Addresse: 119049, Moscow. Donskaya

Of PH 5077746813788 st.,8

I1HHIKTIIT 77066587401770601001 OGRN 5077746813788

EaUKOBCKKe peKBl:!3Hu,I; INNIKPP 77066587401770601001

Pic NS'.40702 810500060021631 Current account in USD: :NH0702 840 8

TeKY.II(HH BaJUOTHbIH csrer .NQ40702 840 8 0006 00060021631

0021631 Current account in RUR:

TpaH3UTHbIH llaJIrOTHbID: C"IeT Nz40702 840 4 N240702 810 5 0006 0021631

00062021631 Transit foreign currency account

I1HI-IJ1{nn 6aHKa 7702070139/997950001 NQ40702 840400062021631

B OAO BAHK BTE, r. MOCKEa With JSC BANK VTB, Moscow

SWIFT: VTBRRUMM SWIFT: VTBRRUMM

,L(anee crreztyer no.n:UUCHIDli crpaaaua/The signature page follows

IIO)1;ITMCM CTOPOH SIGNATURES

For and on behalf of

OT HMeHH Ii no nopyseaaro JSC VTB Leasing

Date (,II;aTa) 26.07..2007

For and on behalf of

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is I1.eHa EAHH1HJ,bl 060PYAOS3HHfI n CYMM!l CorJJ3111emm Price per unit of the Goods and Total price of the Goods (8 cOOTBCTCTBHH c n. 2.1. Cornameaan)

(asper p.2.I. efthe Contract)

1. TIUI sv Type of DR:

ZJ50DBS;

Annex N2 2 Ilpunosceuae N!l2

2. Cnoco6 nnaresca:

Payment:

B COOTBeTCTBl111 C 1).11. 3.1..,3.2.,3.3 )loroBopa

As per terms of the p. 3.1. 3.2., 3.3 of the Contract

3. Uella eAliHlIUhI oOOPYAoBaHJU1:

Price per unit of Goods

USS 15233000,00

4. KOJllI'ICCTBO C.ll.HIIlUl. ooopYAosaliHfI:

Number of units of Goods

30

5. OfiUlUiI CYMM!l Cornauremra:

Total price of the Goods

US$456,990,OOO.OO

For and on behalf of

OT I1MeHI1 Ii no nopyxenaio

Clusseter Limited __

Vadirn Popov! BaAliM n600u

.>

(

Date ()lara) 26~Q.'Z..2Ge'

Date (Ilara) 26.07.2007

IIp0J10metlHe N~ 3 AnncxN.3

YCJlOBHSI, CpOKH lIOCTaBKH H naozia B 3KCIIJIyaTa~HIo 6YPoBoro 060PYllOBaHHJI na MeCTOpmK,l:leHHH.

(B COOTBeTCTBHH C n, 4.1. Cornameuas)

Terms and conditions of supply and placing into operation of drilling equipment on the field

(in accordance with point 4.1. of the Agreement)

](2/# THn 6Y / ,ll,aTbl OTI'py3KH ).J;aTbl nOCTaBKH CpOIm asona JJ
drilling rig Toaapa na CT. IIypnc JKCflJIyaTallHIO 6ypOBor'O
type Dates of shipment Dates of delivery o6opYi1:0BaHUD WI
of the Goods on Purpe Station MCCTOP°>KACUOO
(2008) Terms of placing into
operation of driUing
equipment on the field
1. Z.J50DBS 2007.11.31 2008.0l.31 2008.03.15
2. ZJ50DBS 2007.12.30 2008.02.29 2008.04.15
3. ZJ50DBS 2007.12.31 2008.02.29 2008.04.15
4. ZJ50DBS 2008.01.31 2008.03.31 2008.05. 15
5. ZJ50DBS 2008.01.30 2008.03.31 2008.05. 15
6. ZJ50DBS 2008.01.30 2008.03.31 2008.05. 15
7. ZJ50DBS 2008.01.31 2008.01.31 2008.05. 15
8. ZJ50DBS 2008.02.31 2008.04 . .30 2008.06. 15
9. ZJ50DBS 2008..02.31 2008.04.30 2008.06. 15
10 ZJ50DBS 2008.02.31 2008.04.30 2008.06, 15
11 ZJ50DBS 2008.03.29 2008.05.31 2008.07. IS
12 ZJ50DBS 2008.03.29 2008.05.31 2008.07. 15
13 ZJ50DBS 2008.03.29 2008.05.31 2008.07. 15
14 ZJ50DBS 2008.04.30 2008.06.30 2008.08. IS
15 ZJ50DBS 2008.04.30 2008.06.30 2008.08. 15
16 lJ50DBS 2008..04.30 2008.06.30 2008.08. 15
17 lJ50DBS 2008..05.30 2008.07.31 2008.09,15
18 ZJ50DBS 2008.05.30 2008.07.31 2008.09. 15
19 ZJ50DBS 2008.05.30 2008.07.31 2008.09. 15
20 ZJ50DBS 2008.05.30 2008.07.31 2008.09. 15
21 Z.J50DBS 2008.06.31 2008.08.31 2008.10.15
22 lJ50DBS 2008.06.31 2008.08.31 2008.10. 15
23 lJ50DBS 2008.06.31 2008.08.31 2008.10.15
24 ZJ50DBS 2008.06.31 2008.08.31 2008.10.15 I
25 ZJ50DBS 2008.06.31 2008.08.31 2008.10. 15
26 ZJ50DBS 2008.07.30 2008 .. 09.30 200S.11. 15
27 lJ50DBS 2008.07.30 2008.09.30 200S.11. 15
28 lJ50DBS 2008.07.30 2008.09.30 200S.II. 15 ---.------------------------~-

ZJ50DBS

2008.07.30

2008.09.30

2008.11. 15

ZJ50DBS

2008.08.30

2008..10.31

2008.12. 15

For and on behalf of

OT HMeHH IT no nopyxeamo Clusseter Limited

Vadim Popov /7M or B

/ ,-

... "'"

f I

F or and on behalf of

OT HMeHH H no nopysenmo JSC VTB Leasing

•

For and on behalf of

llplIJIO:>KeOHe N24 Annex J(~4

AKTN2

HOD,TBepiKD.CHIHI llpHOblTml Q6oPYJl.OBamUI Ha 'KJI. CTalU(HIO n ne

I'opcn 200_ rena

ACTN._

HaCT05l111Hft Asr COCTallJ1el-I B COOTBeTCTBRH c KOHTpaKToM N2 __ , O'T __ 2007, .!I,aJJee ~ «,lIloroBOp», 3aKJlfO'!eHHbIM MeJKAY:

This Act is drawn in accordance with the Contract

No dated 2007, hereinafter

referred to as the "Contract" signed by and between:

KOMnaHHeH Clusseter Limited B xaxecrse

Ilponaaua,

Clusseter Limited in the capacity of the Seller,

OAO «BTB-JIHlHUn) B K6.'leCTBe Iloxyrrarenn H

000 ~<BenJ1 )J,pI1JJJ1lmr KOPIlOPCHlJIH)}, B xasecrae JlH3HHrono.nY'laTeJ1H, nanee ~ «CTOPOHbD), 11

000 «f'parrr» B Ka"leCTBe T1onY'laTCJ1il

060pYAoBaHHR, .L\ei:J:cTB)'!Olllero D HHTepecax

Iloxynarens, llanee ~ «I'pyaononysare.n,».

Open Joint-Stock Company "VTB-Leasing" in the ca acit of the Purchaserv and

Limited Liability Company "Well Drilling Corporation" in the capacity of the Consignee, hereinafter referred to as the Parties, and

Limited Liability Company "Grant" in the capacity of the Recipient of the Equipment, acting in the interests of the Purchaser, hereinafter referred to as the Consi nee.

HaCTO)lllJ,HM AKT COCTallJleH B TOM, -rro:

This Act is drawn in support that:

1.

EypOBaJI YCTaHOBKa ZJ50DBS Ng __J

nOCTaBJlCHHaJl no .uorOBOpy (aanee

«06opYAonaHJ-Ie»), rrormocrsro )lOCTaSlleHa aa )l(eJ1C3HOllOPOJKHYIO CT8HUI110 Ilypne __ 200_ rona,

1. Drilling Rig ZJ50DBS No _. __ ' supplied

under Contract on 200~ (hereinafter

referred to as the "Equipment"), has been fully delivered to Purpe railway station on

200_

2.

060PYAOBaHHe nOCTaBJJeliO cornacuo

CneUI1<pHl<allliB B COOTBeTCTBHH C )J,orOBopOM.

2. Equipment has been delivered in compliance with specification in accordance with the Contract.

n eTeH3HH.

CTOPOHb! He HMefOT .KaKI!X-J1u60 B3aUMHblX 3. The Parties have no mutual claims.

3. HacTolIIUHI1 ART COCTaBJ1.lIeTcl! B qe:t'E.lpeX

3K3eMnJtJl.paX, no OAHOMY DJU! KalK,llOrO

noztnxcasurero HaCTO.l{ll\I1H AKT 1llH.(a, 11 sansercs HeOTbeMneMOH LfaCTblO Iloroso a.

4.-This Act is drawn in four originals, each for either of the signatories, being integral' part of the Agreement.

B nO,ll,TBeplK,ueHHe BbIWeH3J10)!(eHHOrO

Cro OHb! nO.ll[]J.!caJ111 HacTOlllll,J-IH AKT:

In conformity of the above the Parties have signed this Act: