Annual report 2010

98.2. The related party transaction, namely the agreement for the purchaseand sale of shares in OAO Chirkeygesstroy (hereinafter, the “Agreement”), shall beapproved subject to the following terms and conditions:- Parties to t he A greement: JSC ID GC H olding (“Seller”) and JSCRusHydro (“Buyer”).- Subject matter o f t he A greement: the S eller a grees t o t ransfer t o t heownership of the Buyer, and the Buyer agrees to accept and pay for 25% + 1 sharein OAO Chirkeygesstroy, namely one hundred sixty-six million, four hundred sixtythousand, fo rty-nine ( 166,460,049) shares, in acco rdance with t he t erms andconditions of the Agreement.- Total price of the Agreement: seventy million (70,000.000) rubles.- Payment procedure (period) for shares: cash, before the transfer of title toshares, b ut no t l ater t han 1 0 bus iness da ys a fter t he da te of e xecution o f t hepurchase and sale agreement.V. M. Kravchenko, G. P. Kutovoy, S. V. Maslov, S. Remes,S. V. Serebryannikov, V. V. Tatsiy, A. P. Terekhov, V. N. Titov, and I. V. Khvalinvoted “For.”V. A. Gulyaev and P. O. Shatsky “Abstained.”S. I. Shmatko an d V . V. Kudryavy, de emed t o be r elated pa rties t o t hetransaction, and N . N. Shvets, fa iling to be a n independent di rector, did notparticipate in the voting.Approved by a m ajority of v otes of i ndependent di rectors w ho w ere no trelated parties to the transaction.Ballots attached.S. I. ShmatkoChairman of the Board of DirectorsS. I. KozlovSecretary of the Board of Directors