Annual report 2010

9. Corporate Governance System of JSC IDGC Holding9.2.2. Information About Related-Party Transactionsof the Company and Major TransactionsIn 2010, the Board of Directors of JSC IDGCHolding adopted resolutions on the approval ofthe following related-party transactions:— Agreement for the use of electronic documentexchange system between JSC IDGCHolding (the Company), JSC Kubanenergo(the Entity) and Gazprombank (Open Joint-Stock Company) (the Bank), under which theBank, for a fee payable in accordance with theexisting tariffs, provides to the Company andthe Entity services related to the use of electronicdocument exchange system in the executionof transactions in the Company’sruble- and foreign-currency-denominatedaccounts opened with the Bank as of theAgreement execution (Minutes No. 28 ofMarch 4, 2010). Related parties: member ofthe Board of Directors of JSC IDGC Holding V.M. Kravchenko, members of the ManagementBoard of JSC IDGC Holding P. I. Oklei, A. Yu.Perepyolkin, S. V. Vasilyev.— Agreement for the purchase and sale of propertybetween JSC IDGC Holding (the Buyer)and JSC Nurenergo (the Seller); the price ofthe property transferred to the Buyer is RUB2,051,182,149.26, inclusive of VAT at 18% ofRUB 312,892,192.26 (Minutes No. 29 ofMarch 18, 2010). Related party: member ofthe Management Board of JSC IDGC HoldingA. V. Demidov.— Agreement for the offset of mutual counterclaimsby JSC IDGC Holding and JSCNurenergo; the price of homogenous counterclaimsto be offset under the Agreement isRUB 1,997,102,324.45, inclusive of VAT(Minutes No. 29 of March 18, 2010). Relatedparty: member of the Management Board ofJSC IDGC Holding A. V. Demidov.— Agreement between JSC IDGC Holding (thePurchaser) and JSC Kubanenergo (the Issuer)for the purchase of 15,780,600 additionalordinary shares in JSC Kubanenergo at theoffering price of RUB 126.26 per share in theIssuer to be paid for in the Russian rubles,totaling RUB 1,992,458,556 (Minutes No. 32of April 20, 2010). Related party: member ofthe Board of Directors of JSC IDGC Holding V.M. Kravchenko, members of the ManagementBoard of JSC IDGC Holding P. I. Oklei, A. Yu.Perepyolkin, S. V. Vasilyev.— Agreement for the mandatory centralizedstorage of the certificates for securitiesissues between JSC IDGC Holding (the Issuer)and National Depository Center; the procedure,time limits and fee for the service providedby National Depository Center to theIssuer are specified in a separate issuer’s custodyaccount agreement to be executed uponstate registration of the Bonds by the FederalFinancial Markets Service of the RussianFederation (Minutes No. 32 of April 20,2010). Related party: member of the Board ofDirectors of JSC IDGC Holding V. V. Tatsiy.— Agreement for the protection of informationconstituting commercial secret between JSCIDGC Holding and JSC IDGC of the Northwest,under which the parties arrange mutualaccess to the information of the parties containingdetails constituting commercialsecret and the conditions for the communicationof such information (Minutes No. 32of April 20, 2010). Related parties: member ofthe Board of Directors, Director General ofJSC IDGC Holding N. N. Shvets, member of theBoard of Directors of JSC IDGC Holding S.Remes, member of the Management Board ofJSC IDGC Holding A. V. Demidov.— Agreement for the protection of informationconstituting commercial secret between JSCIDGC Holding and JSC IDGC of the Urals, underwhich the parties arrange mutual access to theinformation of the parties containing detailsconstituting commercial secret and the conditionsfor the communication of such information(Minutes No. 32 of April 20, 2010).Related parties: member of the Board ofDirectors, Director General of JSC IDGC HoldingN. N. Shvets, member of the ManagementBoard of JSC IDGC Holding A. V. Demidov.47