Exhibit 10.74.1


 


Confidential Materials omitted and filed
separately with the Securities and Exchange Commission.  Asterisks denote
omissions.


 


Supplementary
Agreement No.    


to the
preliminary agreement on conclusion of agreements No. C-48-0691 of 10 November 2006.


 


	
  Moscow

  	
  30
  June 2008

  



 


Limited liability
company “Industrial and Financial company”, hereinafter referred to as “Lessor”, in the
person of its General Director Chernenkov I.S., acting on the basis of the
Charter, on the one side, and


 


Closed joint-stock
company “Set televissionnykh stantsiy”, hereinafter referred to as the “Lessee”, in
the person of its Chief Executive Officer Shklyar Y.B., acting on the basis of
the Power of Attorney No. 167 of 01.02.2006 , on the other side,
collectively referred to as the “Parties”, have concluded this Supplementary
Agreement (hereinafter “Agreement”) as to the following:


 


1. The wording of the para. 10.2 of the
Preliminary Agreement on conclusion of agreements No.C-48-0691 of 10 November 2006
(hereinafter - “Preliminary Agreement”) shall be amended to read as follows:


 


“10.2 The Lessee is entitled to
unilaterally  terminate this Agreement by
giving a written notice to the Lessor not later than 5 days prior to the date
of such termination in case of 
non-fulfillment by the Lessor of 
its obligations as specified in paras. 2.2, 3.7, 3.8, 3.9, 3.11 and
7.3  thereof upon sending a written
violation notice to the Lessor by the Lessee and granting an additional period
of 30 working days for elimination of such violation. In case of termination of
this Agreement by the Lessee for the reasons stipulated  in this para 10.2, (1) the Lessor
undertakes to return to the Lessee a Security Deposit and pay as a penalty 75%
(Seventy Five percent) of the value of this Security deposit calculated without
including VAT, thus amounting to 26 304 433,53 (Twenty  six million three hundred and four
thousand  four hundred thirty three
53/100) Rubles within 30 calendar days from the date of the early termination; (2) in
case of any payment arrears provided for by this Agreement the Lessee
undertakes to effect the payment of such outstanding amounts within 30 calendar
days from the date of such termination”.


 


2.  The
wording of the para. 2.10.3 of the Preliminary Agreement shall be amended to
read as follows:


 


“subject to a written notification of the
Lessor by the Lessee about appearance of the reasons for early termination of
this Agreement and granting the Lessor a reasonable period of time for
elimination of such reasons and remedial of relevant violation of the
conditions of this Agreement. In case of 
the Lessor’s refusal from execution of this Agreement for the reasons
provided for by this para. 10.3, (1) the Lessor undertakes to return to
the Lessee a Security Deposit and pay as a penalty 75% (Seventy five per cent)
of the value of the Security Deposit (exclusive of VAT) amounting to
26 304 433,53 (Twenty six million three hundred four thousand four hundred
and thirty three 53/100) Rubles within 30 calendar days from the date of the early
termination of this Agreement; (2) in case of any payment arrears herein
stipulated the Lessee the Lessee undertakes to pay such outstanding amounts
within 30 calendar days from such termination”.


 


3. As for the rest that is not provided for
by this Agreement the provisions of the Preliminary Agreement shall be applied.


 

















 


4. This Agreement is made up and signed in 2
(two) originals in the Russian language, one original for either of the
Parties.


 


Signatures of the Parties:


 




	
  Lessor

  	
   

  	
  Lessee

  
	
  Limited liability company “Industrial and
  Financial company”

  	
   

  	
  Closed joint-stock company “Set
  televissionnykh stantsiy”

  
	
   

  	
   

  	
   

  
	
  Address: 121609, Moscow, Rublevskoe shosse,
  h.28

  	
   

  	
  Address: 123298, Moscow, 3
  Khoroshevskaya street, 2

  
	
   [**]

  	
   

  	
  TIN [**], [**]

  
	
  p/c - Settlement Account No. [**]

  	
   

  	
  P/c - Settlement Account No. [**]

  
	
  Kievskoe OSB No. 5278 “Sberbank Rossii OAO”  

  	
   

  	
  In OAO “Alfa-Bank” Moscow

  
	
  Correspondent Account No. [**]

  	
   

  	
  Correspondent Account No.  [**]

  
	
   

  	
   

  	
  Moscow GTY Bank Rossii

  
	
                              
  / Chernenkov
  I. S./

  	
   

  	
  [**]

  
	
   

  	
   

  	
  [**]

  
	
   

  	
   

  	
  [**]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
                                            
  / Shklyar Y.B./