Common use of Adjustment of Indebtedness Clause in Contracts

Adjustment of Indebtedness. 4.1 In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 errors of the Operator during classification of monetary funds received from users; 4.2.2 errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction of the indebtedness can be performed on a monthly basis, from January 01 to September 30 of each year. 4.4 For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 . In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : errors of the Operator during classification of monetary funds received from users; 4.2.2 ; errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction . Adjustment of the indebtedness can be performed is carried out on a monthly basis, from January 01 to September 30 of each year. 4.4 . For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 . Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 . On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 . Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Adjustment of the indebtedness can be performed is carried out on a monthly basis, from January 01 to September 30 of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 4.3. errors of the Operator during classification of monetary funds received from users; 4.2.2 4.4. errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.5. Correction of the indebtedness can be performed twice a year — according to the balance on a monthly basis, from January 01 to September 30 the 31st of March and 30th of June of each year. 4.4 4.6. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 4.7. List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 4.8. Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 4.9. Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. 4.10. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July June of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.11. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. 4.12. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. 4.13. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.14. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.15. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present articleclause. 4.2 In accordance with the present articleclause, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications services (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction Adjustment of the indebtedness can be performed is carried out on a monthly basis, from . Adjustment reports are submitted two times each year: prior to July 31 with respect to the adjustments made during the period starting on January 01 and ending on June 30, and prior to September 30 of each yearJanuary 31 with respect to the adjustments made during the period starting on July 01 and ending on December 31. 4.4 For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; the said list is submitted on a monthly basis subject to the deadlines specified for the submission of the Operator’s report; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; the said documents are submitted by the Operator within 30 days following the date of receipt from Rostelecom of the appropriate written request. · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The said document is submitted within the time period specified in the preceding Clause. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to in the Agreement) for April and July form of each year on paper and hard copies or electronically (in Excel format, excluding with the exception of copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Correction of the indebtedness can be performed twice a year—according to the balance on a monthly basis, from January 01 to September 30 the 31st of March and 30th of June of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July June of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 . In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : errors of the Operator during classification of monetary funds received from users; 4.2.2 ; errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction . Correction of the indebtedness can be performed twice a year — according to the balance on a monthly basis, from January 01 to September 30 the 31st of March and 30th of June of each year. 4.4 . For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel DBF format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 . Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 . On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 . Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period. 5 Inventory of Indebtedness Annually, as of September 30 of each year, the Operator carries out inventory of Receivables due 1from Users and Payables due Users. The inventory is taken in accordance with inventory normative documents in force for the moment of its taking. For the moment of signing of the Contract, Guidelines on inventory of property and financial liabilities, approved by Order of RF MF No.49 dated 13.06.1995, serve as such document. As per results of inventory the Operator draws up: Inventory Deed as per Form 3 of the Regulations; Appendices to Inventory Deed as per Form 4 of the Regulations; List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims); Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. Documents are submitted by the Operator on paper (excluding Appendices to Inventory Deed) and electronically (DBF format, except document copies confirming the necessity of adjustment of Receivables due from Users and Payables due Users) not later than January 31 of the year which follows the year the inventory is taken as of September 30. Rostelecom examines the documents submitted by the Operator and, in case comments are absent, approves them within 45 days from the moment of their presentation. Approval of the said documents by Rostelecom implies: approval by Rostelecom of inventory results; approval by Rostelecom of adjustments of Receivables due from Users and Payables due Users, proposed by the Operator in relation to revelation of errors and misstatements. During 5 days from the date of approval of documents, Rostelecom forwards to the Operator: notification on approval of inventory results and adjustments of Receivables due from Users and Payables due Users in an optional form. The said notification, among other things, must contain information on the period (month) during which adjustments are made in the accounting records of Rostelecom and the Operator; approved copy of Inventory Deed; approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. On the basis of Inventory Deed and List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month indicated in Rostelecom notification on approval of inventory results and adjustments of Receivables due from Users and Payables due Users. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). If adjustments of indebtedness are related to adjustments of Received Profit for previous periods, the amount of the adjustments is considered in the course of settlement by the Parties during the period adjustments are introduced.

Adjustment of Indebtedness. 4.1 In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 errors of the Operator during classification of monetary funds received from users; 4.2.2 errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction Correction of the indebtedness can shall be performed on a monthly basis, from January 01 to September 30 basis as of the last reporting day of each yearmonth excluding October, November, and December. 4.4 For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper (on documents) and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 In 4.1. n case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Adjustment of the indebtedness can be performed is carried out on a monthly basis, from January 01 to September 30 of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilementreconciliation, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 No. 3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Adjustment of the indebtedness can be performed is carried out on a monthly basis, from January 01 to September 30 of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilementreconciliation, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : · errors of the Operator during classification of monetary funds received from users; 4.2.2 ; · errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Adjustment of the indebtedness can be performed is carried out on a monthly basis, from January 01 to September 30 of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : · List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; · Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilementreconciliation, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; · Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 . Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users and Payables due Users are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users and Payables due Users, which have emerged in the result of: 4.2.1 : – errors of the Operator during classification of monetary funds received from users; 4.2.2 ; – errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 4.3. The correction of the indebtedness can be performed on a monthly basis, from January 01 to September 30 of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : – List of adjustments of Receivables due from Users and Payables due Users as per Form 1 of the Regulations; 4.4.2 ; – Copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; – Register of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July June of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users and Payables due Users). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users and Payables due Users. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users and Payables due Users. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users and Payables due Users approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.

Adjustment of Indebtedness. 4.1 4.1. In case of errors that have caused misstatement of amount of Receivables due from Users Subscribers and Payables due Users Subscribers are detected, the indebtedness can be adjusted in accordance with the procedure outlined in the present article. 4.2 4.2. In accordance with the present article, it is required to conduct adjustment of misstatements of Receivables due from Users Subscribers and Payables due UsersSubscribers, which have emerged in the result of: 4.2.1 : - errors of the Operator during classification of monetary funds received from users; 4.2.2 subscribers; - errors during accrual of indebtedness for Rostelecom long-distance and international telecommunications (excluding cases of illegal and unauthorized connection to the Operator’s communication network). 4.3 The correction 4.3. Correction of the indebtedness can be performed twice a year — according to the balance on a monthly basis, from January 01 to September 30 the 31st of March and 30th of June of each year. 4.4 4.4. For adjustment of indebtedness the Operator draws up and submits to Rostelecom the following documents: 4.4.1 : - List of adjustments of Receivables due from Users Subscribers and Payables due Users Subscribers as per Form 1 of the Regulations; 4.4.2 ; - Copies of documents confirming necessity of adjustment of Receivables due from Users Subscribers and Payables due Users Subscribers (acts of settlements reconcilement, invoices, payment documents, claims, judicial decisions, etc.); 4.4.3 ; - Register of documents confirming necessity of adjustment of Receivables due from Users Subscribers and Payables due Users Subscribers as per Form 2 of the present Regulations. The documents are submitted by the Operator along with Operator’s Report (Appendix No. 3 to the Agreement) for April and July of each year on paper and electronically (Excel format, excluding copies of documents confirming necessity of adjustment of Receivables due from Users Subscribers and Payables due UsersSubscribers). 4.5 4.5. Rostelecom studies the documents submitted by the Operator and, provided comments are absent, approves them within 45 days from the date of submitting. The approval implies a respective endorsement on List of adjustments of Receivables due from Users Subscribers and Payables due UsersSubscribers. During 5 days from the approval of documents Rostelecom forwards to the Operator the approved copy of List of adjustments of Receivables due from Users Subscribers and Payables due UsersSubscribers. In case comments on the documents submitted by the Operator are present, Rostelecom notifies the Operator in writing not later than 45 days from the date of presentation of documents. During 30 days from the moment of receipt of such notification the Operator must remove the revealed comments and submit to Rostelecom documents, which have been commented on by Rostelecom, anew. 4.6 4.6. On the basis of List of adjustments of Receivables due from Users Subscribers and Payables due Users Subscribers approved by Rostelecom, the Parties introduce adjustments into accounting records during the month in which Rostelecom approved the List. During the same month adjustments of indebtedness are included into forms 2.1 and 2.2 of the Operator’s Report (Appendix No.3 to the Agreement). 4.7 4.7. Where debt corrections are connected with corrections of Previous Revenues, the amount of these corrections is to be taken by the parties into account during the correction period.