0001299933-06-003870 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • June 1st, 2006 • Golden Telecom Inc • Radiotelephone communications • Delaware

THIS RESTRICTED STOCK AGREEMENT (“Agreement”), dated as of May 25, 2006 is made by and between Golden Telecom, Inc., a Delaware corporation (the “Company”), and Vladimir Bulgak, a director of the Company (the “Holder”):

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