AGREEMENT FOR SALE AND PURCHASE OF SHARES OF ... - NIS

The Parties hereby agree to take or cause to be taken slIch actions, necessary to
perform this Agreement, and to obtain all required consents in order to fully
achieve the purposes of this Agreement in its entirety.
10.9. Waiver
None of the provisions of this Agreement shall be deemed to have been waived
by any Party hereto, unless such waiver is in wri ting and signed by that Party.
The waiver by any Party hereto of a claim concerning the breach of any provision
of this Agreement shall not operate or be construed as a waiver of any
other provision of this Agreement or of any further claims concerning the
breach of the provision so waived. No extension of time for the performance of
any obligation or act hereunder shall be deemed an extension of time for the
performance of any other obligation or act.
10.10. Notices
After Transfer Closing Date, all notices, requests and other communications
under this Agreement shall be delivered in writing by registered mail or express
courier service, and shall be deemed to have been de livered 10 (ten) days
after being deposited in the mail, postage prepaid, or in the case of express
courier service, on the date of de livery 10 such courier service, to the addresses
of the Parties as follows (or such other address as a Party may notify to each
other in accordance with this Clause 10.10.):
If to the Seller:
The Government of the Republic of Serbia
11 Nemanjina;
Mi nistry of Mining and Energy
36 Kralja Milana,
11 000 Belgrade, Serbia
Ann.: Mr. Petar Skundric, PhD, Minister of Mining and Energy
Phone: + 381 11 3346755
Fax: + 381 113616603
If to the Buyer:
125A, ul. Profsoyuznaya,
11 7647, Moscow, Russia
Aun.: Vadim Yakovlev, Chief Financial Officer, Deputy Chairman of the
Management Board
Phone: + 7 495 777 3153
Fax: + 7 495777 3121
If to the Treasury Department