Common use of Parties’ Settlement Clause in Contracts

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment for services rendered by the Operator to Rostelecom in accordance with para. 2 hereof. The amount of payment, the procedure of settlement of the accounts between the Parties for the services rendered by the Operator to Rostelecom, is negotiated in Appendix 2 to the Agreement. The sums indicated are calculated on the basis of the Acceptance Act. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three (5) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunicationsTelecommunication Services. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to and 7 hereto. All the Agreement. The sums indicated are calculated on the basis of the Acceptance ActAct and the Operator’s Report. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal minimum payment to Rostelecom in the amount of no not less than 34 50 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three two (52) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to themcomments thereto, and draws up the Invoice for the payments in the amount of the undisputed sumamount. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity as may be necessary Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party concerned in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered to them by Rostelecom is constitutes the Receivables accounts receivable of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. 4.1 The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. 4.1.1 The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. 4.1.2 Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to and 7 hereto. All the Agreement. The sums indicated are calculated on o the basis of the Acceptance ActAct and the Operator’s Report. 4.1.3. 4.1.3 The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. 4.1.4 Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 50 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. 4.2 The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. 4.3 Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three two (52) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. 4.4 To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. 4.5 Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. 4.6 The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. 4.7 All payments by the Users are to be charged to the Operator’s accounts. 4.8. 4.8 Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. 4.9 The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. 4.10 All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunicationsTelecommunication Services. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to and 7 hereto. All the Agreement. The sums indicated are calculated on the basis of the Acceptance ActAct and the Operator’s Report. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs paras 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal minimum payment to Rostelecom in the amount of no not less than 34 50 % of the Accrued income Revenue on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three two (52) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to themcomments thereto, and draws up the Invoice for the payments in the amount of the undisputed sumamount. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity as may be necessary Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party concerned in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix No. 7 to the Agreement.

Parties’ Settlement. 4.1. 4.1 The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. 4.1.1 The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. 4.1.2 Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount of payment, the procedure of settlement of the accounts between the Parties for the services rendered by the Operator to Rostelecom, is negotiated in Appendix 2 to the Agreement. The sums indicated are calculated on the basis of the Acceptance Act. 4.1.3. 4.1.3 The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. 4.1.4 Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 30 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. 4.1.5 The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th 5th day of the Billing period. Together with the Operator’s Report, Report the Operator sends to Rostelecom an Acceptance Act and invoices with the Actsprice of services and the refund of the Operator. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. 4.2 Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three five (5) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. 4.3 To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. 4.4 Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. 4.5 The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. 4.6 All payments by the Users are to be charged to the Operator’s accounts. 4.8. 4.7 Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. 4.8 The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. 4.9 All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to the Agreementand 7 hereto. The sums indicated are calculated on the basis of the Acceptance Act. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 27 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report Report, Acceptance Act and Acts invoices shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three (5) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users Subscribers for the Telecommunication Services rendered to them by Rostelecom is constitutes the Receivables accounts receivable of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue Income earned for the telecommunicationsTelecommunication services. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to and 7 hereto. All the Agreement. The sums indicated are calculated on the basis of the Acceptance ActAct and the Operator’s Report. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no not less than 34 50 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three (5) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.the

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to and 7 hereto. All the Agreement. The sums indicated are calculated on o the basis of the Acceptance ActAct and the Operator’s Report. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 50 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three two (52) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered to them by Rostelecom is constitutes the Receivables accounts receivable of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.

Parties’ Settlement. 4.1. The mutual settlements between the Parties are performed monthly on the basis of this Agreement, the Operator’s Report in accordance with the form established in Appendix 3 hereto (“Operator’s Report”), the Acceptance Act for services rendered in accordance with the form established in Appendix 5 (hereinafter “Acceptance Act”), the Act of offsetting of claims (“Offset Act”) and the invoice for payment (“Invoice”). The amounts of payments hereunder payable by the Parties are estimated based on the following: 4.1.1. The Operator is obliged to transfer to Rostelecom 100% (one hundred per cent) of the Revenue earned for the telecommunications. The sums indicated are calculated on the basis of the Operator’s Report. 4.1.2. Rostelecom is obliged to transfer to the Operator payment the consideration for the services rendered to Rostelecom by the Operator to Rostelecom in accordance with paraparagraph 2.2. and the consideration for the performance by the Operator of the actions indicated in paragraph 2.1. of Section 2 hereof. The amount amounts of the payment, the procedure order of the settlement of the accounts between the Parties Parties’ for the services rendered to Rostelecom by the Operator to Rostelecom, is negotiated are indicated in Appendix Appendices 2 to the Agreementand 7 hereto. The sums indicated are calculated on the basis of the Acceptance Act. 4.1.3. The Parties agree on the possibility of the offsetting of mutual demands (claims) indicated in paragraphs 4.1.1. and 4.1.2. of the Agreement by means of signing of the Offset Act. The transfer by the Operator to Rostelecom of the payments not liquidated by the offset is performed on the basis of the xxxx presented by Rostelecom. 4.1.4. Regardless of the provisions of paragraph 4.1.3., on account of the fulfillment of the obligations indicated in paragraph 4.1.1., the Operator is obliged to perform monthly not later than the 25th day of the Billing period the transfer of the minimal payment to Rostelecom in the amount of no less than 34 % of the Accrued income on the basis of the xxxx presented by Rostelecom, in accordance with paragraph 4.3. hereof. 4.2. The Operator sends to Rostelecom the Operator’s Report within the term no later than the 8th day of the Billing period. Together with the Operator’s Report, the Operator sends to Rostelecom the Acts. Copies of the Operator’s Report and Acts shall be given to Rostelecom by a facsimile transmission with confirmation report, while original documents shall be sent by registered mail with receipt acknowledged. The date of facsimile transmission shall be the effective date of documents delivery. 4.3. Rostelecom considers the documentation presented by the Operator and, in the absence of comments, approves the Operator’s report, the Acceptance Act and the Offset Act. Together with this, Rostelecom presents to the Operator the xxxx. If Rostelecom has objections against the documents submitted by the Operator, Rostelecom shall give written notice to the Operator of such objections within three two (52) business days after receipt of documents by facsimile. Together with this, Rostelecom approves the Operator’s Report, the Acceptance Act and the Offset Act with the commentaries to them, and draws up the Invoice for the payments in the amount of the undisputed sum. Copies of the Invoice and the approved Operator’s Report, Acceptance Act and Offset Act are sent to the Operator by a facsimile transmission, while the original documents shall be sent by registered mail with receipt acknowledged. 4.4. To eliminate objections against the documents submitted by the Operator, the Parties shall, within 10 business days after the date when Rostelecom gives written notice of such objections to the Operator, hold negotiations and shall reconcile / analyze their respective data. Based on the results of such reconciliation, the Parties shall execute a Report of reconciliation of mutual settlements (the “Reconciliation Report”) and, where necessary, shall adjust payments due for future Billing Periods. By signing the Reconciliation Report between the Parties, Rostelecom shall acknowledge approval of the Operator’s Report. 4.5. Not limited by the provisions of paragraph 4.1.3., the Parties agree upon the performance of the offsets of other mutual demands (obligations) on the basis of the Offset Acts. 4.6. The date of charge-off of the money from the Operator’s account is considered the date of transfer by the Operator of the payments hereunder. 4.7. All payments by the Users are to be charged to the Operator’s accounts. 4.8. Quarterly and upon necessity Rostelecom and the Operator perform the inspection of mutual settlements. The Reconciliation Report of Mutual Settlements is drawn up by the penaltyed party in two counterparts and signed by the authorized representatives of the Parties. The Party receiving the Reconciliation Report of Mutual Settlements must sign the Reconciliation Report of Mutual Settlements or present its objections concerning the reliability of the information contained in it within the period of twenty (20) days from the date of dispatch of the Reconciliation Report of Mutual Settlements. 4.9. The indebtedness of the Users for the Telecommunication Services rendered by Rostelecom is the Receivables of Rostelecom. The order of collection of such accounts receivable is established by Article 5 of the Agreement. 4.10. All other questions concerning the settlement of accounts between the Parties not indicated in this Section 4 are regulated by Appendix 7 to the Agreement.