Annual report 2010

3Subject matter of the Agreement:Participant 2 undertakes t o organize and hold the A ll-Russian P rofessionalCompetition Among High-Voltage Transmission Line Maintenance Crews of JSCIDGC Holding Distribution Networks (hereinafter, the “Event”) on the premises ofthe training ground of Penzaenergo, a branch of OAO IDGC of the Volga, in Penzafrom September 6 to 10, 2010, in accordance with the Regulations for Holding theAll-Russian Professional Competition Among High-Voltage Transmission LineMaintenance C rews of J SC I DGC H olding D istribution N etworks i n 2010, andParticipant 1 provides financing for the Event upon the terms and conditions of theAgreement.Price of the Agreement:The fi nancing of t he E vent is one m illion (1,000,000) rubles, i nclusive o f18% V AT o f o ne h undred fifty-two t housand, fi ve hu ndred f orty-two (1 52,542)rubles and 37 kopecks.Term of the Agreement:The Agreement becomes effective as of the date of its execution and remainsin force and effect until December 31, 2010.S. I. Shmatko, E. V. Dod, V. M. Kravchenko, V. V. Kudryavy,M. Yu. Kurbatov, S. V. Maslov, S. Remes, S. V. Serebryannikov, O. V. Surikov,V. V. Tatsiy, V. N. Titov, D. V. Fedorov, and P. O. Shatsky voted “For.”N. N. Shvets a nd G . F. Binko, failing t o b e i ndependent directors, did notparticipate in the voting.Approved una nimously by independent directors who w ere no t re latedparties to the transaction.2. Amendment to the d ecision adopted by the B oard o f D irectors of JSCIDGC Holding on the issue “Purchase of pr omissory notes issued by s ubsidiariesand dependent c ompanies of J SC ID GC H olding” (M inutes N o. 35 of M ay 2 1,2010).IT WAS RESOLVED AS FOLLOWS:Paragraph 1.1 of t he decision a dopted by t he B oard o f D irectors of JSCIDGC Holding on the issue “Purchase of pr omissory notes issued by s ubsidiariesand dependent c ompanies of J SC ID GC H olding” (M inutes N o. 35 of M ay 2 1,2010) shall be amended by adding a subparagraph to read as follows:“- the total price of the purchased promissory notes issued by all promisorsshall not be in excess of twelve billion (12,000,000,000) rubles.”S. I. Shmatko, N. N. Shvets, G. F. Binko, E. V. Dod, V. M. Kravchenko,V. V. Kudryavy, M. Yu. Kurbatov, S. V. Maslov, S. Remes, S. V. Serebryannikov,O. V. Surikov, V. V. Tatsiy, and V. N. Titov voted “For.”D. V. Fedorov and P. O. Shatsky “Abstained.”Approved by a majority of votes.