EXHIBIT 10.16
CHANGES (ADDITIONS) TO THE
CONTRACT DATED 25 MAY 2004
OF PURCHASE AND SALE OF THE SHARE IN AUTHORIZED CAPITAL STOCK
between LIMITED LIABILITY COMPANY "REGION", - 1024500514598, legal address:
Russian Federation, Kurgan province, Lenin Street, 27/X, index 640000, in the
person of Director Alexander Efimovich Rochev, on the one part, and SIBERIAN
ENERGY GROUP INC. 000 Xxxxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx XX 00000, in the person
of Chairman Xxxxx Xxxxxx.
Xxxxxx city 30 June 2004
Clause number subject to Subject of Changes (Additions)
changes (additions)
============================================ ================================================================
Clause 1.3 of the Contract:
Limited Liability Company "Region" agrees to sell its Share of
Add Clause No. 1.3 LLC "Zauralneftegaz" to SIBERIAN ENERGY GROUP INC.
under section for the price of the book value of the 49% of "Zauralneftegaz"
1. SUBJECT OF THE worth 4,900 rubles ($172 US) plus 6,900,000 common shares of
CONTRACT the Buyer.
Clause 2.2.1 of the Contract:
Pay the share of the authorized capital stock of LLC
Change Clause No. "Zauralneftegaz". Transfer 172 $US to the dollar account
2.2.1 under section of the Sellers after the receiving the appropriate
2. PARTY permission to settle the currency transaction.
LIABILITY
Add Clause No. 2.2.2 Clause 2.2.2 of the Contract:
under section Transfer 6,900,000 common shares to person (persons) in
2. PARTY accordance with written instructions of the Seller by 2004.
LIABILITY
Clause No. 5.4
Added under Section
5.TERMS OF THE Clause 5.4 of the Contract:
CONTRACT The effective date of the purchase is June 30, 2004. On this day
SEG receives 100% control over Zauralneftegaz operations.
Approved:
By joint decision of the parties to the Contract
Buyers: SIBERIAN ENERGY GROUP INC.
000 Xxxxxxx Xxxxxx,
0xx Xxxxx Xxx Xxxx XX 00000
/s/ Xxxxx Xxxxxx
__________________________________________
Xxxxx Xxxxxx: Chairman
Sellers: "REGION LTD."
Xxxxxx, 000000
Xxxxxx xxxxxxxx,
Xxxxxx, Lenin Street, 27/X
/s/ Alexander Efimovich Rochev
__________________________________________
Alexander Efimovich Rochev: Director
1 June 2004
