Common use of Rights and Obligations of the Agent Clause in Contracts

Rights and Obligations of the Agent. 5.1 The Agent shall take all measures necessary to block the Shares on the Pledgor’s Account on the date of this Pledge. 5.2 Upon execution of this Pledge the Agent shall take all measures necessary to open and maintain the Pledgor’s Account and the Pledgeholder’s Account. 5.3 The Agent shall monitor the price of American Depositary Shares representing the Shares on a day-to-day basis and shall inform in writing both the Pledgor and Pledgeholder immediately on the occurrence of any event resulting in the decreasing or increasing of the Collateral Value. If the Collateral Value decreases to the level mentioned, and for the period specified, in Clause 3.4, the Agent shall calculate the amount of the Margin Call to be made by the Pledgeholder in accordance with Clause 3.5 hereof and shall within 12 (twelve) hours after such decrease of the Collateral Value inform both the Pledgeholder and Pledgor of the number of additional Shares to be pledged in accordance with Clause 3.4 hereof (in which case the Agent shall send a notice to that effect (the “Margin Call Notice”)). If the Collateral Value increases to the level mentioned, and for the period specified in Clause 4.4, the Agent shall calculate the amount of the shares to be released by the Pledgeholder in accordance with Clause 4.4 hereof and shall within 12 (twelve) hours after such increase of the Collateral Value inform both the Pledgeholder and Pledgor of the Shares to be released (in which case the Agent shall send a notice to that effect, the (“Release Notice”)). 5.4 Upon the obtaining of a Notification the Agent shall immediately (without the requirement to obtain the prior consent of the Pledgor) transfer the Shares from the Pledgor’s Account to the Pledgeholder’s Account with the Agent or any other safekeeping account provided by the Pledgeholder in the Notification according to the terms of the Irrevocable Instruction. 5.5 Upon the obtaining of the Release Notification, the Agent shall immediately cancel the blocking of the Shares in accordance with this Pledge and transfer the Shares from the Pledgor’s Account to the Pledgor’s depo account or any other account of set out by the Pledgor in the Release Notification. 5.6 The Agent shall at all times during the term of this Pledge, maintain the valid and operational nominee account with the Registrar, and maintain the validity of its licence for the depositary activity in the Russian Federation.

Rights and Obligations of the Agent. 5.1 The Agent shall take all measures necessary to block the Shares on the Pledgor’s 's Account on the date of this Pledge. 5.2 Upon execution of this Pledge the Agent shall take all measures necessary to open and maintain the Pledgor’s 's Account and the Pledgeholder’s 's Account. 5.3 The Agent shall monitor the price of American Depositary Shares representing the Shares on a day-to-day basis and shall inform in writing both the Pledgor and Pledgeholder immediately on the occurrence of any event resulting in the decreasing or increasing of the Collateral Value. If the Collateral Value decreases to the level mentioned, and for the period specified, in Clause 3.4, the Agent shall calculate the amount of the Margin Call to be made by the Pledgeholder in accordance with Clause 3.5 hereof and shall within 12 (twelve) hours after such decrease of the Collateral Value inform both the Pledgeholder and Pledgor of the number of additional Shares to be pledged in accordance with Clause 3.4 hereof (in which case the Agent shall send a notice to that effect (the “"Margin Call Notice”")). If the Collateral Value increases to the level mentioned, and for the period specified in Clause 4.4, the Agent shall calculate the amount of the shares to be released by the Pledgeholder in accordance with Clause 4.4 hereof and shall within 12 (twelve) hours after such increase of the Collateral Value inform both the Pledgeholder and Pledgor of the Shares to be released (in which case the Agent shall send a notice to that effect, the (“"Release Notice”")). 5.4 Upon the obtaining of a Notification the Agent shall immediately (without the requirement to obtain the prior consent of the Pledgor) transfer the Shares from the Pledgor’s 's Account to the Pledgeholder’s 's Account with the Agent or any other safekeeping account provided by the Pledgeholder in the Notification according to the terms of the Irrevocable Instruction. 5.5 Upon the obtaining of the Release Notification, the Agent shall immediately (without the requirement to obtain the prior consent of the Pledgeholder) cancel the blocking of the Shares in accordance with this Pledge and transfer the Shares from the Pledgor’s 's Account to the Pledgor’s 's depo account or any other account of set out by the Pledgor in the Release Notification. 5.6 The Agent shall at all times during the term of this Pledge, maintain the valid and operational nominee account with the Registrar, and maintain the validity of its licence for the depositary activity in the Russian Federation.

Rights and Obligations of the Agent. 5.1 The Agent shall take all measures necessary to block the Shares on the Pledgor’s Account on the date of this Pledge. 5.2 Upon execution of this Pledge the Agent shall take all measures necessary to open and maintain the Pledgor’s Account and the Pledgeholder’s Account. 5.3 The Agent shall monitor the price of American Depositary Shares representing the Shares on a day-to-day basis and shall inform in writing both the Pledgor and Pledgeholder immediately on the occurrence of any event resulting in the decreasing or increasing of the Collateral Value. If the Collateral Value decreases to the level mentioned, and for the period specified, in Clause 3.4, the Agent shall calculate the amount of the Margin Call to be made by the Pledgeholder in accordance with Clause 3.5 hereof and shall within 12 (twelve) hours after such decrease of the Collateral Value inform both the Pledgeholder and Pledgor of the number of additional Shares to be pledged in accordance with Clause 3.4 hereof (in which case the Agent shall send a notice to that effect (the “Margin Call Notice”)). If the Collateral Value increases to the level mentioned, and for the period specified in Clause 4.4, the Agent shall calculate the amount of the shares to be released by the Pledgeholder in accordance with Clause 4.4 hereof and shall within 12 (twelve) hours after such increase of the Collateral Value inform both the Pledgeholder and Pledgor of the Shares to be released (in which case the Agent shall send a notice to that effect, the (“Release Notice”)). 5.4 Upon the obtaining of a Notification the Agent shall immediately (without the requirement to obtain the prior consent of the Pledgor) transfer the Shares from the Pledgor’s Account to the Pledgeholder’s Account with the Agent or any other safekeeping account provided by the Pledgeholder in the Notification according to the terms of the Irrevocable Instruction. 5.5 Upon the obtaining of the Release Notification, the Agent shall immediately (without the requirement to obtain the prior consent of the Pledgeholder) cancel the blocking of the Shares in accordance with this Pledge and transfer the Shares from the Pledgor’s Account to the Pledgor’s depo account or any other account of set out by the Pledgor in the Release Notification. 5.6 The Agent shall at all times during the term of this Pledge, maintain the valid and operational nominee account with the Registrar, and maintain the validity of its licence for the depositary activity in the Russian Federation.