Annual report 2010

9. Corporate Governance System of JSC IDGC HoldingHolding, members of the Board of Directors ofJSC IDGC Holding S. I. Shmatko, V. V. Kudryavy.— Agreement for the extension of funds for theconstruction of facilities included in theProgram of Construction of Olympic Facilitiesand Development of the City of Sochi as amountain ski resort approved by Resolutionof the Government of the Russian FederationNo. 991 of December 29, 2007, between JSCIDGC Holding and JSC Kubanenergo, underwhich the parties agreed to perform activitiesaimed at financing the construction andrehabilitation of facilities provided for bythis Program using the funds contributed tothe authorized capital of JSC IDGC Holdingfrom the federal budget (Minutes No. 41 ofAugust 18, 2010). Related parties: theGovernment represented by the FederalAgency for Management of Federal Property,a shareholder of JSC IDGC Holding; memberof the Board of Directors, Director General ofJSC IDGC Holding N. N. Shvets; member ofthe Board of Directors of JSC IDGC Holding V.M. Kravchenko; members of the ManagementBoard of JSC IDGC Holding A. V. Sannikov, A.V. Demidov and F. Binko.— Agreement for the payment of bills of JSCIDGC of the North Caucasus through the issueof a new bill of JSC IDGC of the NorthCaucasus between JSC IDGC Holding (the BillHolder) and JSC IDGC of the North Caucasus(the Bill Drawer); subject matter of theagreement is replacement of the obligationborne by the bills issued by JSC IDGC of theNorth Caucasus on June 17, 2008, and June20, 2008, with a par value of RUB300,000,000; RUB 1,208,735,000 and RUB32,300,000 respectively, payable on demand,yet not until July 2, 2008, through the issueby JSC IDGC of the North Caucasus of a newbill with a par value of RUB 1,541,035,000,payable on demand, yet not until October 1,2012; the purchasing price of the bill is RUB1,541,035,000 (Minutes No. 47 of November9, 2010). Related parties: members of theManagement Board of JSC IDGC Holding A. V.Demidov and F. Binko.— Agreement for premise sublease between JSCIDGC Holding (the Lessee) and JSC IDGC of theNorth Caucasus (the Sublessee), under whichthe Lessee obliges, for the monthly fee of RUB40,000, inclusive of VAT at 18% of RUB 6,101to grant to the Sublessee for temporary ownershipand use a non-residential premiseoccupying a total area of 22 square meters,located on the 6th floor, in office 212 of premiseNo. II, in the building located at: Moscow,Ulansky pereulok, d. 26, str. 1 (Minutes No. 47of November 9, 2010). Related parties: membersof the Management Board of JSC IDGCHolding A. V. Demidov and F. Binko.— Agreement for the contribution of funds fromthe federal budget to the authorized capitalbetween JSC IDGC Holding (the Company) andthe Russian Federation represented by theMinistry of Energy of the Russian Federationand the Federal Agency for Management ofFederal Property; subject matter of the agreement:in 2010, the Russian Federation representedby the Ministry of Energy of theRussian Federation invests funds from thefederal budget not exceeding RUB1,699,999,998.66 within the limits of theexpected budget appropriations in theCompany’s authorized capital for the purposesof implementing the Raspadskaya mineexternal power supply model, raising the reliabilityof power supply to the Mezhdu -rechensky District of the Kemerovo Region.The Company transfers to the RussianFederation represented by the Federal Agencyfor Management of Federal Property title to410,628,019 additionally issued shares in JSCIDGC Holding, placed in a public offering, witha par value of 1 ruble per share at the offeringprice of RUB 4.14 (Minutes No. 49 ofDecember 3, 2010). Related party: theGovernment represented by the FederalAgency for Management of Federal Property, ashareholder of JSC IDGC Holding.— Agreement between JSC IDGC Holding (thePurchaser) and JSC Kubanenergo (the Issuer)for the purchase of not more than 311,136additional ordinary shares in JSCKubanenergo at a price of RUB 184.92 pershare, placed in a public offering, upon expirationof the pre-emptive right to purchasethe shares, totaling not more than RUB57,535,269.12 (Minutes No. 50 of December51