0001299933-07-003272 Sample Contracts

AMENDMENT No. 1 TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • May 25th, 2007 • Golden Telecom Inc • Radiotelephone communications • New York

THIS AMENDMENT No. 1 to Stock Purchase Agreement (this “Amendment Agreement”), dated as of May 21, 2007, by and among EDN Sovintel LLC, a limited liability company duly organized and validly existing under the laws of the Russian Federation (“Buyer”), Golden Telecom, Inc., a corporation duly registered and validly existing under the laws of the State of Delaware (“Parent”), Inure Enterprises Ltd., a corporation duly organized and validly existing under the laws of the Republic of Cyprus (“Seller 1”), and Rambert Management Limited, a company duly organized and validly existing under the laws of the British Virgin Islands (“Seller 2” and collectively with Seller 1, “Sellers”) (Buyer, Parent, and Sellers are referred to collectively as the “Parties” and each individually as a “Party”)).

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