EXHIBIT 10.19.1
SUPPLEMENTAL AGREEMENT TO AGREEMENT NO. TC-3/0100 DATED 31 JANUARY 2000
(NEW VERSION DATED 21 DECEMBER 2004)
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XXX CTC (OGRN 1027700151852) (hereinafter "CTC"), represented by its
General Director X.X. Xxxxxxxxxx, acting pursuant to CTC's charter, and ZAO
"TCV" (OGRN 1027739243399) (hereinafter "Agent"), represented by its Assistant
General Director X. X. Xxxxxxxx, acting pursuant to Power of Attorney No. B/N
dated 01.02.2006 (together, the "Parties"), entered into this agreement (the
"Agreement") for the following:
1. Add point "j" to section 3.2.1:
"j) in the event that prices for the placement of advertising on CTC is set
in Rubles, the Agent must, not later than 30 June 2006, agree with Customers and
amend its existing agreements with Advertisers entered into on or before 26
April 2006 to include the following language, and enter into new agreements with
Customers that contain the following language (provided that such amendments do
not violate applicable law):
"1. If in any calendar year during the term of this agreement the official
USD exchange rate changes more than +/- 15% (further referred to as "acceptable
exchange rate corridor or corridor") compared to the rate as of January 1st of
the relevant year (further in text - base rate), i.e. if at any date during the
term of the Agreement (further in text - "date of rate change") the USD exchange
rate will differ from base rate by more than 15%,
and
(ii) if during 30 (thirty) calendar days following the date of rate change,
the weighted average USD rate will stay outside the said corridor,
then the Parties agree to treat such a fluctuation as a force-majeure
event.
2. In the event of a forece majeure event of the type set forth in point 1
above, the Parties agree as follows:
2.1 From the moment of the force majeure event, either party has the right
to initiate negotiations on amending the agreement.
2.2 If the parties do not agree to amendments, either party may terminate
the agreement."
2. Add point "k" to section 3.2.1
"k) in connecting with the entering into force on 1 July 2006 of Federal
Law No. 38-FZ "On Advertising", which contemplates substantial reductions in the
permitted levels of advertising time, the Agent shall agree with Customers
amendments to existing agreements so as to ensure an increase in the cost of
services for the placement of advertising on CTC of not less than 15% compared
to the price levels that were anticipated prior to the entering into force of
the Law On Advertising, and the Agent will also enter into new agreements with
Customers containing such terms."
3. Add point 6.10 to Section 6 of the Agreement:
"6.10. In the event that the Agent enters into new agreements with
Customers that do not contain:
6.10.1 the provisions set forth in point 1 of this Supplemental Agreement,
and/or does not amend existing agreements to include such provisions, and the
events set forth in point 1 occur, the Agent shall reimburse CTC for any profits
it does not receive as a result of the failure of Customers to fulfill point
"j";
6.10.2 the provisions set forth in point 2 of this Supplemental Agreement,
and/or does not amend existing agreements to include such provisions, and the
events set forth in point 2 occur, the Agent shall reimburse CTC for any profits
it does not receive as a result of the failure of Customers to fulfill point
"k".
The reimbursement amount, which shall be calculated in US Dollars, shall be
agreed by the parties not later than 30 days following the occurrence of an
event set forth in points 1 and 2 of this Supplemental Agreement. The Agent
shall make payment within 30 days after the parties have agreed the amount.
4. This Supplemental Agreement takes effect from the day it is signed by
both parties and is an integral part of the Agreement.
Signatures:
ZAO TSV CTC
