Common use of Security Payment Clause in Contracts

Security Payment. 4.17.1 To ensure the Lessor’s interests, the Lessee shall make the Security Payment in the amount of one-month Permanent Part of Rent to the Lessor’s settlement account within five (5) banking days from the date of the Agreement signing (clause 4.2.1 of the Agreement). The amount of the Security Payment is at the disposal of the Lessor (and can be used by it) until the amount of the Security Payment shall be returned to the Lessee in the event of the lease term expiration or the Agreement termination; however, no interest for the disposal and use of the Security Payment amount in favour of the Lessee is accrued or paid. The Lessor and the Lessee agree that the Security Payment is a method expressly specified in the Civil Code of the Russian Federation to ensure that the Lessee fulfills its obligations under this Lease Agreement. The Security Payment is not a deposit or an advance payment. 4.17.2 If the Lessee delays any of the payments due under the Agreement, or as a result of the Lessee’s guilty actions, the Facility, common areas in the Building, the Building itself, the territory adjacent to the Building and the Lessor’s property located on such territory are damaged, the Lessor has the right to deduct the amount of such damages from the Security Payment. The availability of the Security Payment and an opportunity of deductions from it do not release the Lessee from responsibility to fulfill its financial obligations stipulated in the Agreement (in full or in part). 4.17.3 The procedure for deducting an amount from the Security Payment: seven (7) business days in advance, the Lessor sends a written notification to the Lessee specifying the grounds and an amount of deduction from the Security Payment in the calculation attached. If the Lessee does not object to the received notice of deduction, the Lessee is obliged to restore the amount of the Security Payment to the originally agreed amount within seven (7) banking days from the date of receiving the notice of deduction. This obligation also occurs in the event of an increase in the Permanent Part of Rent provided for in the Agreement. 4.17.4 Upon expiration of the Agreement, the Lessor shall return the amount of the Security Payment to the Lessee, taking into account possible deductions in accordance with the provisions of clauses 4.17.2 and 4.17.3 above, within seven (7) banking days after the Lessee moves out from the leased premises in accordance with the procedures established by the Agreement.

Security Payment. 4.17.1 To ensure 7.3.1. The Lessee may, subject to the Lessor’s interestsprovisions of Clause 7.1 of the Preliminary Agreement, instead of providing the Lessee shall Lessor with the Bank Guarantee, to make the Security Payment in the amount of one-month Permanent Part of Rent equal to the Lessor’s settlement account Total Security Amount within five the time limits stipulated for providing any (5both initial and subsequent) banking days from the date of the Agreement signing (clause 4.2.1 of the Agreement)Bank Guarantee. 7.3.2. The amount of the Security Payment is at the disposal of the Lessor (and can be used by it) until the amount of the Security Payment shall be returned to a means of securing the Lessee Lessee’s performance of its obligations under the Preliminary Agreement in the event accordance with Article 381.1 of the lease term expiration Civil Code of the Russian Federation and shall not be a down payment or an advance payment, but may have a payment function and therefore includes VAT. 7.3.3. The Security Payment shall be at the Agreement termination; howeverLessor’s disposal and use, and no interest for is charged on the disposal and use of the Security Payment amount in favour favor of the Lessee is accrued or paid. The Lessor and for the Lessee agree period of time that the Security Payment amount is a method expressly specified in at the Civil Code of the Russian Federation to ensure that the Lessee fulfills its obligations under this Lease AgreementLessor’s disposal. 7.3.4. The Security Payment is secures performance of all Lessee’s obligations under the Preliminary Agreement, including, but not a deposit or an advance payment. 4.17.2 If limited to, the obligations to make payments specified by the Preliminary Agreement, to pay the value of damage caused by the Lessee delays any to the Premises and other property of the payments due under the AgreementLessor, or as a result to cover other amounts of the Lessee’s guilty actions, the Facility, common areas in the Building, the Building itself, the territory adjacent debt to the Building Lessor arising under the Preliminary Agreement, as well as only those amounts of penalties and repudiation fees that are specified in Clauses 9.2.1, 9.4.1 - 9.4.6 of the LessorPreliminary Agreement, but shall not secure any penalties other than those expressly referred to in this clause above. 7.3.5. In the event of the Lessee’s property located on such territory are damagedfailure to perform its obligations in due time, the Lessor has the right to deduct make deductions of the relevant amounts from the Security Payment amount upon expiration of such damages five (5) Business Days after sending a warning to the Lessee that the Lessor intends to make a deduction from the Security Payment. The availability of , and the Lessee shall be obliged to replenish the Security Payment and an opportunity amount within fifteen (15) Business Days upon receipt of deductions from it do not release the Lessee from responsibility to fulfill its financial obligations stipulated in the Agreement (in full or in part). 4.17.3 The procedure for deducting an amount a written claim from the Security Payment: seven (7) business days in advance, the Lessor sends a written notification Lessor. The provisions of Appendix 8 to the Lessee specifying the grounds and an amount of deduction from Lease Agreement shall apply to the Security Payment in made under the calculation attachedPreliminary Agreement, by analogy. 7.3.6. If the Lessee does not object to the received notice of deduction, The Lessor may claim and the Lessee is obliged to restore provide (to make) the Security Payment to the Lessor in any of the following cases, subject to the provisions of this clause below: a) if the Lessee fails to provide / renew / reissue the Bank Guarantee within the time limits specified in Clause 7.2 of the Preliminary Agreement; and/or b) if the Lessee fails to provide the Bank Guarantee under the Lease Agreement or under the Supplementary Agreement to the Lease Agreement, on the date of expiration of seven (7) Business Day from the date of signing either the Lease Agreement or the Supplementary Agreement to the Lease Agreement as set forth in Clause 2.4 of the Preliminary Agreement; and/or c) if bankruptcy/liquidation proceedings have been initiated against the Guarantor Bank (including the case of applying to court to declare the Guarantor Bank insolvent/ a bankrupt) and/or in case the Guarantor Bank’s license has been revoked, and the Lessor has not been provided with the Bank Guarantee of another Guarantor Bank. The Security Payment amount to be paid by the Lessee under this clause shall be an amount equal to the Total Security Amount (as regards Subclause (a) in the part of failure to provide the Bank Guarantee and Subclause (c)) and the Total Security Amount under the Lease Agreement (as regards Subclause (b)), and, in case the Bank Guarantee amount has been reduced and not replenished, an amount to replenish the Bank Guarantee amount. 7.3.7. The Security Payment shall be payable by the Lessee to the Lessor: a) when it is necessary to provide the Bank Guarantee in connection with signing the Preliminary Agreement – on the following day after the time limit fixed by Clause 7.2.1 of the Preliminary Agreement for providing the Bank Guarantee has expired; b) when it is necessary to provide a new Bank Guarantee due to expiration of the previous one and/or when there is a need in Indexation of the Bank Guarantee amount according to Clauses 7.2.2 and/or 7.2.5 of the Preliminary Agreement – not less than ten (10) Business Days before the expiration of the previous Bank Guarantee/onset of each Indexation Date according to Clause 6.3 of the Preliminary Agreement, if by this time the new Bank Guarantee has not been provided; c) when it is necessary to provide the Bank Guarantee due to signing the Lease Agreement/Supplementary Agreement to the Lease Agreement – within seven (7) Business Days after the Lease Agreement and the Supplementary Agreement to the Lease Agreement have been signed; d) in case of failure to replenish the Bank Guarantee amount, if it has been used: within five (5) Business Days upon receipt by the Lessee of the relevant Lessor’s claim (which can be filed only after the time limit specified above for replenishing the Bank Guarantee amount has expired), if by that time the violation is not remedied; e) in cases specified in Subclause 7.3.6(c) of the Preliminary Agreement – within thirty (30) days from the date when any one of the events specified in this subclause has occurred, if by that time the Lessee has not provided the Lessor with the Bank Guarantee issued by another Guarantor Bank, under the conditions of the Preliminary Agreement. 7.3.8. Except for the case specified in Clause 7.3.9 of the Preliminary Agreement, the Parties specifically agree that the Security Payment, if made in accordance with the terms and conditions of the Preliminary Agreement (less any deductions made in respect of such Security Payment), shall be returned by the Lessor to the Lessee, only if the Lessee provides the Bank Guarantee for the Total Security Amount in accordance with Clauses 7.1-7.2 of the Preliminary Agreement, in the following procedure: (a) an amount equal to 80% of the refundable Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date when the Lessee has provided the Bank Guarantee to the Lessor; (b) an amount equal to 20% of the Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the Bank Guarantee has been provided. In addition, in Clause 7.3.11 below, the Parties separately agree upon conditions and procedure for refunding the Security Payment in case of the Bank Guarantee provision by the Lessee under the Lease Agreement and in case when the amount of the Security Payment to under the originally agreed amount within seven (7) banking days from the date of receiving the notice of deduction. This obligation also occurs in the event of an increase in the Permanent Part of Rent provided for in the Agreement. 4.17.4 Upon expiration of the Agreement, the Lessor shall return Preliminary Agreement exceeds the amount of the Security Payment to required under the Lessee, Lease Agreement (taking into account possible deductions all Supplementary Agreements to the Lease Agreement). 7.3.9. If the Preliminary Agreement is terminated due to circumstances within the Lessor’s control or if the Lease Agreement is not signed due to circumstances within the Lessor’s control, the Security Payment (if paid in accordance exchange for the Bank Guarantee) shall be refunded by the Lessor to the Lessee in full within twenty (20) Business Days from the date of the Preliminary Agreement termination. 7.3.10. On each Indexation Date, the Security Payment amount shall be indexed automatically as follows: the Security Payment amount due from the Lessee to the Lessor under the Preliminary Agreement is recognized as equal to the Total Security Amount as of the Indexation Date. The Lessee shall replenish the amount of the Security Payment in order to meet the above indexation requirements by transferring additional funds to the Lessor towards the Security Payment within ten (10) Business Days from each Indexation Date. 7.3.11. Except for the cases described in this clause below, upon signing the Lease Agreement, the Security Payment provided by the Lessee under the Lease Agreement shall not be refunded by the Lessor to the Lessee (in the relevant creditable part), but shall be credited towards the Security Payment under the Lease Agreement. In so doing, that part of the Security Payment provided under the Preliminary Agreement is subject to offset, which is calculated on the basis of the Leased Area of the Premises leased out under the Lease Agreement. The remaining part of the Security Payment provided to the Lessor under the Preliminary Agreement remains at the Lessor’s disposal under the Preliminary Agreement until the date of signing the Supplementary Agreement to the Lease Agreement by the Parties according to Clauses 2.4 – 2.5 of the Preliminary Agreement. After the Supplementary Agreement to the Lease Agreement has been signed, a part of the Security Payment available to the Lessor under the Preliminary Agreement shall be credited towards the Security Payment under the Supplementary Agreement to the Lease Agreement to be calculated on the basis of the Leased Area of the Premises leased out under the Supplementary Agreement to the Lease Agreement. If the Bank Guarantee under the Lease Agreement is provided to the Lessor for the Total Security Amount under the Lease Agreement within the period as per Clause 2.4 of the Preliminary Agreement for all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of all Supplementary Agreements to the Lease Agreement, the Security Payment made under the Preliminary Agreement shall be, subject to the provisions of clauses 4.17.2 the first and 4.17.3 abovesecond paragraphs of this Clause, refunded under the following procedure: (a) the amount equal to 80% of the refundable Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date when the Lessee provided the Lessor with the Bank Guarantee for the Total Security Amount under the Lease Agreement on the basis of all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of the Supplementary Agreement to the Lease Agreement, or from the date of signing the Supplementary Agreement to the Lease Agreement by the Parties according to Clauses 2.4 - 2.5 of the Preliminary Agreement, whichever comes later; (b) the amount equal to 20% of the refundable Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the Bank Guarantee was provided for the Total Security Amount under the Lease Agreement on the basis of all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of the Supplementary Agreement to the Lease Agreement, or from the end date of the quarter in which the Supplementary Agreement to the Lease Agreement was signed by the Parties according to Clauses 2.4—2.5 of the Preliminary Agreement, whichever comes later. If the Bank Guarantee under the Lease Agreement/Supplementary Agreement to the Lease Agreement is not provided to the Lessor in due time according to Clause 2.4 of the Preliminary Agreement and the amount of the Security Payment under the Preliminary Agreement available to the Lessor is insufficient for credit towards the full amount of the Security Payment to be paid under the Lease Agreement/Supplementary Agreement to the Lease Agreement, the Lessee shall, within seven (7) banking days after the Lessee moves out Business Days from the leased premises date of signing the Lease Agreement/Supplementary Agreement to the Lease Agreement, pay the deficient amount of the Security Payment required to be made under the Lease Agreement/Supplementary Agreement to the Lease Agreement. If the amount of the Security Payment under the Preliminary Agreement exceeds the amount of the Security Payment required to be made under the Lease Agreement with account of the Supplementary Agreements to the Lease Agreement as of the date of signing the Supplementary Agreement to the Lease Agreement, the difference shall be refunded in accordance with the procedures established following procedure: (a) the amount equal to 80% of the Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date of signing the last Supplementary Agreement to the Lease Agreement by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement; (b) the amount equal to 20% of the refundable Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the Supplementary Agreement to the Lease Agreement has been signed by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement.

Security Payment. 4.17.1 To ensure 7.3.1. The Lessee may, subject to the Lessor’s interestsprovisions of Clause 7.1 of the Preliminary Agreement, instead of providing the Lessee shall Lessor with the Bank Guarantee, to make the Security Payment in the amount of one-month Permanent Part of Rent equal to the Lessor’s settlement account Total Security Amount within five the time limits stipulated for providing any (5both initial and subsequent) banking days from the date of the Agreement signing (clause 4.2.1 of the Agreement)Bank Guarantee. 7.3.2. The amount of the Security Payment is at the disposal of the Lessor (and can be used by it) until the amount of the Security Payment shall be returned to a means of securing the Lessee Lessee’s performance of its obligations under the Preliminary Agreement in the event accordance with Article 381.1 of the lease term expiration Civil Code of the Russian Federation and shall not be a down payment or an advance payment, but may have a payment function and therefore includes VAT. 7.3.3. The Security Payment shall be at the Agreement termination; howeverLessor’s disposal and use, and no interest for is charged on the disposal and use of the Security Payment amount in favour favor of the Lessee is accrued or paid. The Lessor and for the Lessee agree period of time that the Security Payment amount is a method expressly specified in at the Civil Code of the Russian Federation to ensure that the Lessee fulfills its obligations under this Lease AgreementLessor’s disposal. 7.3.4. The Security Payment is secures performance of all Lessee’s obligations under the Preliminary Agreement, including, but not a deposit or an advance payment. 4.17.2 If limited to, the obligations to make payments specified by the Preliminary Agreement, to pay the value of damage caused by the Lessee delays any to the Premises and other property of the payments due under the AgreementLessor, or as a result to cover other amounts of the Lessee’s guilty actions, the Facility, common areas in the Building, the Building itself, the territory adjacent debt to the Building Lessor arising under the Preliminary Agreement, as well as only those amounts of penalties and repudiation fees that are specified in Clauses 9.2.1, 9.4.1 - 9.4.6 of the LessorPreliminary Agreement, but shall not secure any penalties other than those expressly referred to in this clause above. 7.3.5. In the event of the Lessee’s property located on such territory are damagedfailure to perform its obligations in due time, the Lessor has the right to deduct make deductions of the relevant amounts from the Security Payment amount upon expiration of such damages five (5) Business Days after sending a warning to the Lessee that the Lessor intends to make a deduction from the Security Payment. The availability of , and the Lessee shall be obliged to replenish the Security Payment and an opportunity amount within fifteen (15) Business Days upon receipt of deductions from it do not release the Lessee from responsibility to fulfill its financial obligations stipulated in the Agreement (in full or in part). 4.17.3 The procedure for deducting an amount a written claim from the Security Payment: seven (7) business days in advance, the Lessor sends a written notification Lessor. The provisions of Appendix 8 to the Lessee specifying the grounds and an amount of deduction from Lease Agreement shall apply to the Security Payment in made under the calculation attachedPreliminary Agreement, by analogy. 7.3.6. If the Lessee does not object to the received notice of deduction, The Lessor may claim and the Lessee is obliged to restore provide (to make) the Security Payment to the Lessor in any of the following cases, subject to the provisions of this clause below: a) if the Lessee fails to provide / renew / reissue the Bank Guarantee within the time limits specified in Clause 7.2 of the Preliminary Agreement; and/or b) if the Lessee fails to provide the Bank Guarantee under the Lease Agreement or under any of the Supplementary Agreements to the Lease Agreement, on the date of expiration of seven (7) Business Day from the date of signing either the Lease Agreement or any Supplementary Agreement to the Lease Agreement; and/or c) if bankruptcy/liquidation proceedings have been initiated against the Guarantor Bank (including the case of applying to court to declare the Guarantor Bank insolvent/ a bankrupt) and/or in case the Guarantor Bank’s license has been revoked, and the Lessor has not been provided with the Bank Guarantee of another Guarantor Bank. The Security Payment amount to be paid by the Lessee under this clause shall be an amount equal to the Total Security Amount (as regards Subclause (a) in the part of failure to provide the Bank Guarantee and Subclause (c)) and the Total Security Amount under the Lease Agreement (as regards Subclause (b)), and, in case the Bank Guarantee amount has been reduced and not replenished, an amount to replenish the Bank Guarantee amount. 7.3.7. The Security Payment shall be payable by the Lessee to the Lessor: a) when it is necessary to provide the Bank Guarantee in connection with signing the Preliminary Agreement – on the following day after the time limit fixed by Clause 7.2.1 of the Preliminary Agreement for providing the Bank Guarantee has expired; b) when it is necessary to provide a new Bank Guarantee due to expiration of the previous one and/or when there is a need in Indexation of the Bank Guarantee amount according to Clauses 7.2.2 and/or 7.2.5 of the Preliminary Agreement – not less than ten (10) Business Days before the expiration of the previous Bank Guarantee/onset of each Indexation Date according to Clause 6.3 of the Preliminary Agreement, if by this time the new Bank Guarantee has not been provided; c) when it is necessary to provide the Bank Guarantee due to signing the Lease Agreement/Supplementary Agreement to the Lease Agreement – within seven (7) Business Days after the Lease Agreement and each Supplementary Agreement to the Lease Agreement have been signed; d) in case of failure to replenish the Bank Guarantee amount, if it has been used: within five (5) Business Days upon receipt by the Lessee of the relevant Lessor’s claim (which can be filed only after the time limit specified above for replenishing the Bank Guarantee amount has expired), if by that time the violation is not remedied; e) in cases specified in Subclause 7.3.6(c) of the Preliminary Agreement – within thirty (30) days from the date when any one of the events specified in this subclause has occurred, if by that time the Lessee has not provided the Lessor with the Bank Guarantee issued by another Guarantor Bank, under the conditions of the Preliminary Agreement. 7.3.8. Except for the case specified in Clause 7.3.9 of the Preliminary Agreement, the Parties specifically agree that the Security Payment, if made in accordance with the terms and conditions of the Preliminary Agreement (less any deductions made in respect of such Security Payment), shall be returned by the Lessor to the Lessee, only if the Lessee provides the Bank Guarantee for the Total Security Amount in accordance with Clauses 7.1-7.2 of the Preliminary Agreement, in the following procedure: (a) an amount equal to 80% of the refundable Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date when the Lessee has provided the Bank Guarantee to the Lessor; (b) an amount equal to 20% of the Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the Bank Guarantee has been provided. In addition, in Clause 7.3.11 below, the Parties separately agree upon conditions and procedure for refunding the Security Payment in case of the Bank Guarantee provision by the Lessee under the Lease Agreement and in case when the amount of the Security Payment to under the originally agreed amount within seven (7) banking days from the date of receiving the notice of deduction. This obligation also occurs in the event of an increase in the Permanent Part of Rent provided for in the Agreement. 4.17.4 Upon expiration of the Agreement, the Lessor shall return Preliminary Agreement exceeds the amount of the Security Payment to required under the Lessee, Lease Agreement (taking into account possible deductions all Supplementary Agreements to the Lease Agreement). 7.3.9. If the Preliminary Agreement is terminated due to circumstances within the Lessor’s control or if the Lease Agreement is not signed due to circumstances within the Lessor’s control, the Security Payment (if paid in accordance exchange for the Bank Guarantee) shall be refunded by the Lessor to the Lessee in full within twenty (20) Business Days from the date of the Preliminary Agreement termination. 7.3.10. On each Indexation Date, the Security Payment amount shall be indexed automatically as follows: the Security Payment amount due from the Lessee to the Lessor under the Preliminary Agreement is recognized as equal to the Total Security Amount as of the Indexation Date. The Lessee shall replenish the amount of the Security Payment in order to meet the above indexation requirements by transferring additional funds to the Lessor towards the Security Payment within ten (10) Business Days from each Indexation Date. 7.3.11. Except for the cases described in this clause below, upon signing the Lease Agreement, the Security Payment provided by the Lessee under the Lease Agreement shall not be refunded by the Lessor to the Lessee (in the relevant creditable part), but shall be credited towards the Security Payment under the Lease Agreement. In so doing, that part of the Security Payment provided under the Preliminary Agreement is subject to offset, which is calculated on the basis of the Leased Area of the Premises leased out under the Lease Agreement. The remaining part of the Security Payment provided to the Lessor under the Preliminary Agreement remains at the Lessor’s disposal under the Preliminary Agreement until the date of signing the last Supplementary Agreement to the Lease Agreement by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement. After the Supplementary Agreement to the Lease Agreement has been signed, a part of the Security Payment available to the Lessor under the Preliminary Agreement shall be credited towards the Security Payment under the Supplementary Agreement to the Lease Agreement to be calculated on the basis of the Leased Area of the Premises leased out under the Supplementary Agreement to the Lease Agreement. If the Bank Guarantee under the Lease Agreement is provided to the Lessor for the Total Security Amount under the Lease Agreement for all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of all Supplementary Agreements to the Lease Agreement, the Security Payment made under the Preliminary Agreement shall be, subject to the provisions of clauses 4.17.2 the first and 4.17.3 abovesecond paragraphs of this clause, refunded in the following procedure: (a) the amount equal to 80% of the refundable Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date when the Lessee has provided the Lessor with the Bank Guarantee for the Total Security Amount under the Lease Agreement on the basis of all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of all Supplementary Agreements to the Lease Agreement, or from the date of signing the last Supplementary Agreement to the Lease Agreement by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement, whichever comes later; (b) the amount equal to 20% of the refundable Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the Lessee has provided the Lessor with the Bank Guarantee for the Total Security Amount under the Lease Agreement on the basis of all Premises to be transferred to the Lessee under this Preliminary Agreement and the Lease Agreement with account of all Supplementary Agreements to the Lease Agreement, or from the end date of the quarter, in which the last Supplementary Agreement to the Lease Agreement has been signed by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement, whichever comes later. If the Bank Guarantee under the Lease Agreement/Supplementary Agreement to the Lease Agreement is not provided to the Lessor in due time according to Clause 2.4 of the Preliminary Agreement and the amount of the Security Payment under the Preliminary Agreement available to the Lessor is insufficient for credit towards the full amount of the Security Payment to be paid under the Lease Agreement/Supplementary Agreement to the Lease Agreement, the Lessee shall, within seven (7) banking days after the Lessee moves out Business Days from the leased premises date of signing the Lease Agreement/Supplementary Agreement to the Lease Agreement, pay the deficient amount of the Security Payment required to be made under the Lease Agreement/Supplementary Agreement to the Lease Agreement. If the amount of the Security Payment under the Preliminary Agreement exceeds the amount of the Security Payment required to be made under the Lease Agreement with account of all Supplementary Agreements to the Lease Agreement as of the date of signing the last Supplementary Agreement to the Lease Agreement, the difference shall be refunded in accordance with the procedures established following procedure: (a) the amount equal to 80% of the Security Payment amount, including VAT, is to be refunded within ten (10) Business Days from the date of signing the last Supplementary Agreement to the Lease Agreement by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement; (b) the amount equal to 20% of the refundable Security Payment amount, including VAT, is to be refunded within four (4) months from the end date of the quarter, in which the last Supplementary Agreement to the Lease Agreement has been signed by the Parties under Clauses 2.4 - 2.5 of the Preliminary Agreement.