0000950133-06-005212 Sample Contracts

PLEDGE AGREEMENT
Pledge Agreement • December 6th, 2006 • Sunbird LTD • Radiotelephone communications • New York

THIS PLEDGE AGREEMENT (this “Agreement”), dated as of October 28, 2006, is made by Sunbird Limited, a company organized and existing under the laws of Cyprus (the “Pledgor”), and Open Joint-Stock Company “ALFA-BANK”, an open joint stock company organized and existing under the laws of the Russian Federation (the “Pledgee”).

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Loan Agreement No. 100130 in US Dollars 1 (6)
Sunbird LTD • December 6th, 2006 • Radiotelephone communications

OPEN JOINT STOCK COMPANY “ALFA-BANK” (OGRN 1027700067328), hereinafter referred to as the Lender, represented by Deputy Chairman of the Board Mr. Tatarchuk V.V., acting on the basis of Power of Attorney No. 5/2724D dated October 18, 2006, on the one part, and Sunbird Ltd. (Cyprus), hereinafter referred to as the Borrower, represented by Directors Mrs. Stella Herodotou and Mr. Haralambos Michaelidis acting on the basis of the Charter, on the other part, hereinafter jointly referred to as the Parties, have entered into this Agreement about the following:

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