0001282187-05-000001 Sample Contracts

WARRANT AGREEMENT by and between MOSCOW CABLECOM CORP. and COLUMBUS NOVA INVESTMENTS VIII LTD. Dated January 13, 2005
Warrant Agreement • February 1st, 2005 • Moscow Telecommunications Corp • Cable & other pay television services • New York
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EXECUTION COPY AMENDMENT NO. 2 TO SHAREHOLDERS AGREEMENT
Shareholders Agreement • February 1st, 2005 • Moscow Telecommunications Corp • Cable & other pay television services • New York

This AMENDMENT NO. 2 (this "Amendment") with respect to the Shareholders Agreement (the "Agreement") dated August 26, 2004, between Moskovskaya Telecommunikatsionnaya Corporatsiya, an open joint stock company organized under the laws of the Russian Federation ("COMCOR"), and Columbus Nova Investments VIII Ltd., a Bahamas company ("CNI" and together with COMCOR, the "Parties" and each individually, a "Party"), is made and entered into by the Parties as of December 30, 2004. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement.

EXECUTION COPY AMENDMENT NO. 1 TO SHAREHOLDERS AGREEMENT
Shareholders Agreement • February 1st, 2005 • Moscow Telecommunications Corp • Cable & other pay television services • New York

This AMENDMENT NO. 1 (this "Amendment") with respect to the Shareholders Agreement (the "Agreement") dated August 26, 2004, between Moskovskaya Telecommunikatsionnaya Corporatsiya, an open joint stock company organized under the laws of the Russian Federation ("COMCOR"), and Columbus Nova Investments VIII Ltd., a Bahamas company ("CNI" and together with COMCOR, the "Parties" and each individually, a "Party"), is made and entered into by the Parties as of December 1, 2004. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement.

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