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EXHIBIT 99.11
AMENDMENT
TO TRADEMARK TRANSFER AGREEMENT
This is an Amendment (the "Amendment") dated as of May 11, 2001 to the
Trademark Transfer Agreement dated as of October 5, 1999 (the "Agreement")
between Global TeleSystems Group, Inc. ("GTS") and Golden Telecom, Inc., (the
"Company"). Capitalized terms not defined herein shall have the meanings
designated in the Agreement.
RECITALS
WHEREAS, GTS has changed its name to Global TeleSystems, Inc; and
WHEREAS, GTS and the Company desire to enter into this Amendment to
make certain amendments to the Agreement.
NOW, THEREFORE, GTS and the Company agree as follows:
1. Transfer, Governmental Filings and License. The License granted by GTS
to the Company under subsection 2(c) of the Agreement is terminated as
of the date of this Amendment.
2. Change of Control. Section 4 of the Agreement shall be of no force and
effect from the date of this Amendment.
3. Assignment. Section 6 of the Agreement is amended so that as amended it
shall read in its entirety as follows:
"6. Assignment. This Agreement shall be binding upon, and
inure to the benefit of, the parties hereto and their
respective successors and permitted assigns. This Agreement
may be assigned by the Company to any directly or indirectly
wholly-owned subsidiary of the Company provided that the
Company shall continue to be bound by this Agreement after
such assignment."
4. Schedule 1A. Schedule 1A of the Agreement is amended so that as amended
it shall read in its entirety as indicated in Appendix A to this
Amendment.
5. No Other Modifications. All other provisions of the Agreement shall
remain in full force and effect without modification.
6. Further Assurances. GTS and the Company each agree to use all
reasonable efforts to take, or cause to be taken, all actions and to
do, or cause to be done, all things necessary, proper or advisable to
consummate and make effective the transactions contemplated by the
Agreement and this Amendment.
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IN WITNESS WHEREOF, GTS and the Company have executed this Amendment as
of the date first written above.
GLOBAL TELESYSTEMS, INC.
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
Title: Deputy General Counsel and Assistant
Secretary
GOLDEN TELECOM, INC.
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
Title: Senior Vice President and Corporate
Secretary
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