Annual report 2010

6OAO Nurenergo as the SellerSubject matter of the Agreement:The Seller agrees t o t ransfer t o t he ow nership of t he Buy er the pro pertyspecified in Annexes 1, 2, 3, 4, 5, and 6 to the Agreement, and the Buyer agrees toaccept such property and pay its price upon the terms and cond itions provided forin the Agreement.Price of the Agreement:The price of t he pr operty t o b e transferred t o t he B uyer u nder t heAgreement is two billion, fifty-one million, one hundred eighty-two thousand, onehundred fo rty-nine (2,051,182,149.26) r ubles an d 26 kop ecks, i nclusive of 18%VAT o f three hundred t welve mi llion, ei ght hun dred ni nety-two t housand, onehundred ninety-two (312,892,192.26) rubles and 26 kopecks.Payment procedure for property:The B uyer sha ll, w ithin 90 days a fter t he e xecution o f t he Agreement,accept the property and pay its price in cash as invoiced.S. I. Shmatko, V. M. Kravchenko, V. V. Kudryavy, S. V. Maslov,S. Remes, S. V. Serebryannikov, V. V. Tatsiy, V. N. Titov voted “For.”N. N. Shvets and G. F. Binko, fa iling to be i ndependent d irectors, did n otparticipate in the voting.Approved una nimously by independent di rectors who w ere n ot r elatedparties to the transaction.10. Defining of the position of JSC IDGC Holding (representatives of JSCIDGC Holding) on the item on the agenda of the meeting of the Board of Directorsof O AO Nurenergo concerning O AO Nurenergo’s e ntering i nto a t ransactionassociated w ith t ransferring title to t he pr operty t hat i s construction-in-progressfacilities intended for the transmission, dispatching, and distribution of electricityand heat in favor of JSC IDGC Holding.IT WAS RESOLVED AS FOLLOWS:Representatives of JSC IDGC Holding on the Board of Directors of OAONurenergo shall be instructed to vote “For” the approval of a transaction associatedwith OAO N urenergo’s transferring t itle t o t he property that is c onstruction-inprogressf acilities intended for the t ransmission, dispatching, a nd di stribution o felectricity and heat subject to the following terms and conditions:Composition of transferred property: construction-in-progress faci litiesof OAO Nurenergo (Appendices 5–10).Book value of transferred property: one billion, fou r hu ndred onemillion, f ive hundred s eventy-three t housand, n ine hundred s eventy(1,401,573,970.79) rubles and 79 kopecks.Market value of transferred property: as determined by an independentappraiser, exclusive of VAT, one billion, seven hundred thirty-eight million, twohundred eighty-nine thousand, nine hundred fifty-seven (1,738,289,957) rubles andVAT o f three hundred t welve mi llion, ei ght hun dred ni nety-two t housand, on e