EX-4.43



 Exhibit 4.43 
  

			
		  	 To the Moscow City Arbitration Court
 17
Bolshaya Tulskaya St., 115191 Moscow
  
 Plaintiff: Sberbank of Russia Public
Joint-Stock Company (Sberbank PJSC)
 INN 7707083893 OGRN 1027700132195

Date of incorporation: 20.06.1991
 19 Vavilova St., 117997
Moscow
  
 Defendant: Open Joint-Stock Company Southern Kuzbass Coal Company (Southern
Kuzbass OAO)
  
 INN 4214000608 OGRN 1024201388661

Date of incorporation: 04.06.1993
 6 Yunosti St., Mezhdurechensk,
Kemerovo
 Region, 652877
  

Case No. A40-187416/15


 AMICABLE AGREEMENT 
  

			
	Moscow	 	December 18, 2015

 Sberbank of Russia Public Joint-Stock Company (Sberbank PJSC), hereinafter referred to as the
Plaintiff, represented by Maxim Nikolaevich Degtiarev, Vice-President - Director of Toxic Assets Division of Sberbank PJSC, acting under Power of Attorney No. 55-Д as of February 25, 2015, on the one part, and 

Open Joint-Stock Company “Southern Kuzbass Coal Company” (Southern Kuzbass OAO), hereinafter referred to as the Defendant,
represented by General Director of Mechel Mining Management Company OOO (abbreviated name Mechel Mining Management Company OOO, OGRN 1085410004811, having a principal place of business at: 1 Krasnoarmeyskaya St., Moscow, 125167, Russian Federation),
functioning as the sole executive body of Southern Kuzbass OAO under the agreement on delegation of authority of sole executive body of Southern Kuzbass OAO to the management company Mechel Mining Management Company OOO as of October 21, 2013,
Pavel Viktorovich Shtark, acting under the Articles of Association of Mechel Mining Management Company OOO and the Articles of Association of Southern Kuzbass OAO, on the other part, hereinafter, when the Plaintiff and the Defendant are mentioned
together, collectively referred to as the Parties, 
 being the parties to case No. A40-187416/15 involving the lawsuit of Sberbank
PJSC, for the purpose of voluntary settlement of the dispute have made this Amicable Agreement as follows: 
 1. This Amicable Agreement is
made by the Parties according to Articles 139, 140 of the Arbitration Procedural Code of the Russian Federation in order to settle the dispute arising from non-fulfilment of the Defendant’s obligation to repay the loan amount, arrears of loan
interest and default interest, resulting from Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 and Novation Agreement No. 5594 as of 04.03.2013 (hereinafter referred to as the Credit Agreement), as well as the
expenses for payment of the state duty in connection with the recovery by enforcement. 







 2. The Defendant acknowledges the Plaintiff’s claim as of 02.10.2015 (inclusive) in the
amount of USD273,070,874.78 (for the First part of credit facility), including: 
  

					
	 Penalty indebtedness in USD
	  	 	690,612.99	  
	 including for principal arrears (as of 02.10.2015)
	  	 	155,415.77	  
	 including for arrears of interest (from 18.04.2015 to 02.10.2015)
	  	 	535,197.22	  
	 Interest for loan in USD
	  	 	14,531,374.29	  
	 including indebtedness due
	  	 	0.00	  
	 including past-due indebtedness (from 29.03.2015 to 01.10.2015)
	  	 	14,531,374.29	  
	 Principal amount of loan in USD
	  	 	257,848,887.50	  
	 including indebtedness due
	  	 	0.00	  
	 including past-due indebtedness (as of 02.10.2015)
	  	 	257,848,887.50	  

 and in the amount of RUR1,698,922,048.99 (for the Second part of credit facility), including: 

 

					
	 Penalty indebtedness in RUR
	  	 	2,664,578.43	  
	 including for principal arrears (as of 02.10.2015)
	  	 	1,148,493.15	  
	 including for arrears of interest (from 30.06.2015 to 02.10.2015)
	  	 	1,516,085.28	  
	 Interest for loan in RUR
	  	 	96,257,470.56	  
	 including indebtedness due
	  	 	0.00	  
	 including past-due indebtedness (from 29.03.2015 to 01.10.2015)
	  	 	96,257,470.56	  
	 Principal amount of loan in RUR
	  	 	1,600,000,000.00	  
	 including indebtedness due
	  	 	0.00	  
	 including past-due indebtedness (as of 02.10.2015)
	  	 	1,600,000,000.00	  

 3. As of the date of making the Amicable Agreement the amount of unpaid penalties accrued to the sum of: 

3.1. the principal arrears for the First part of credit facility over the period from 02.10.2015 (inclusive) to the date of signing the
Amicable Agreement (exclusive) shall be restated based on the penalty in the amount of 11 (eleven) per cent per annum; 
 3.2. the principal
arrears for the Second part of credit facility over the period from 02.10.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall be restated based on the penalty in the amount of 13.1 (thirteen point one) per cent per
annum; 
 3.3. arrears of interest for the First part of credit facility over the period from 18.04.2015 (inclusive) to the date of signing
the Amicable Agreement (exclusive) shall not be collected from the Defendant; 
 3.4. arrears of interest for the Second part of credit
facility over the period from 30.06.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall not be collected from the Defendant. 

4. Considering Article 3 of the Amicable Agreement, the Defendant’s indebtedness to the Plaintiff under the Credit Agreement as of
the date of making the Amicable Agreement (inclusive) for the First part of credit facility comprises: 
  

					
	 	  	Amount, USD	 
	 Arrears of loan indebtedness (as of 02.10.2015)
	  	 	257,848,887.50	  
	 Arrears of loan interest (for the period from 29.03.2015 to 01.10.2015 (inclusive both
dates))
	  	 	14,531,374.29	  
	 Penalty for late transfer of payment for credit settlement (for the period from 02.10.2015
(inclusive) to the date of signing the Amicable Agreement (exclusive))
	  	 	5,983,507.06	  
		  	  
	  
	 
	 Total:
	  	 	278,363,768.85	  
		  	  
	  
	 








 and for the Second part of credit facility comprises: 

 

					
	 	  	Amount, RUR	 
	 Arrears of loan indebtedness (as of 02.10.2015)
	  	 	1,600,000,000.00	  
	 Arrears of loan interest (for the period from 29.03.2015 to 01.10.2015 (inclusive both
dates))
	  	 	96,257,470.56	  
	 Penalty for late transfer of payment for credit settlement (for the period from 02.10.2015
(inclusive) to the date of signing the Amicable Agreement (exclusive))
	  	 	44,216,986.30	  
		  	  
	  
	 
	 Total:
	  	 	1,740,474,456.86	  
		  	  
	  
	 

 5. The Defendant undertakes to settle the acknowledged debt specified in Art. 4 of the Amicable Agreement
in the amount of USD278,363,768.85 (for the First part of credit facility) and in the amount of RUR1,740,474,456.86 (for the Second part of credit facility) as follows: 

5.1. The indebtedness specified in Art. 4 of the Amicable Agreement shall be paid off by the Defendant as a lump sum on 22.12.2015.

 5.2. Should within the period till 22.12.2015 (inclusive) any of the following circumstances occur (in the aggregate): 

 

	 	•	 	Sberbank Leasing AO and the companies of GC Mechel, being the parties in arbitration cases No. A40-61418/2015; A40-62474/2015; A40-61412/2015; A19-4864/2015; A19-4866/2015; A19-4863/2015; A19-4930/2015;
A19-4865/2015; A19-4862/2015; A40-62069/15; A40-62071/2015; A40-61374/2015; A40-61992/2015; A58-1674/2015; A40-61208/2015; A45-6321/2015; A45-6591/2015; A45-6590/2015; A45-6589/2015; A45-10320/2015; A45-10321/2015; A45-10322/2015; A45-10324/2015;
A40-61367/2015; A40-137407/2015; A40-137403/2015, A40-137399/2015; A40-99769/2015; A60-14978/2015; A60-14888/2015; A60-14982/2015; A60-14838/2015; A60-14980/2015; A60-15110/2015; A60-15218/2015; A60-15126/2015; A60-15137/2015; A60-15125/2015;
A60-15124/2015; A60-15135/2015, have signed Amicable Agreements, and the companies of GC Mechel, being the parties to the above-mentioned amicable agreements, have transferred money in the aggregate amount of RUR900,000,000.00 to Sberbank Leasing AO
for full reimbursement of legal expenses for all other proceedings involving Sberbank Leasing AO and fulfillment of the obligations established in the amicable agreements as for the specified arbitration cases; 


 

	•	 	the Plaintiff and Mechel OAO, Mechel Mining OAO, Mecheltrans OOO, Mechel Service OOO, Mechel Energo OOO, Mechel International Holdings GmbH, Mechel-Coke OOO have made an agreement for priority of creditor (Rights of
first refusal); 

  

	•	 	the Plaintiff has received money under any agreement on cession of rights (demands) concerning the obligations of Southern Kuzbass OAO under Non-Revolving Credit Facility Agreements No. 5593 as of 09.10.2012,
No. 5594 as of 09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and the Amicable Agreement to the mentioned Facility Agreements in the total amount equivalent to RUR31,500,000,000; 


 

	•	 	the Plaintiff and the Defendants, i.e. the companies of GC Mechel, being the parties in arbitration cases No. A40-187413/15, A40-187451/15, A40-187412/15, A40-187416/15, A71-8039/15, A40-135744/15, A40-83634/15,
A19-9461/15, A40-110111/15, A40-86346/15, have signed Amicable Agreements; 

  

	 	•	 	There are duly certified copies of resolutions of the Board of Directors of Public companies, i.e. the companies of GC Mechel, on convening general meetings of such companies’ shareholders provided to the Plaintiff
with agenda including the issues on approval of such agreements to be made between the Plaintiff and each of the companies of GC Mechel (or any additional agreements thereto), being related party transactions and providing the Plaintiff with
security for obligations of the companies of GC Mechel under the credit arrangement agreements made with the Plaintiff, considering any amendments as of December 21, 2015, if, according to the legislation, the resolution of such issue is
attributed to the competence of the general meeting of public companies’ shareholders, i.e., the companies of GC Mechel; 









	•	 	there are no cases in charge on applications of the companies of GC Mechel and / or third parties as of 22.12.2015 on challenging: 


 

	 	•	 	non-revolving credit facility agreements No. 5593 as of 09.10.2012, No. 5594 as of 09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and novation agreements thereto made between the
Plaintiff and Southern Kuzbass OAO or any separate terms of such agreements and novation agreements thereto; 

  

	 	•	 	agreements (or any separate terms thereof) providing the Plaintiff with security for obligations of Southern Kuzbass OAO under Non-Revolving Credit Facility Agreements No. 5593 as of 09.10.2012, No. 5594 as of
09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and novation agreements thereto; 

  

	•	 	The Plaintiff has received the payments for reimbursement of past-due indebtedness to the Plaintiff relating to interest, fees and penalties for payment of the state duty in connection with hearing of cases in
arbitration courts, equivalent to RUR3.3 bln in compliance with Appendix hereto, 

 The indebtedness specified in
Art. 4 of the Amicable Agreement shall be paid off by the Defendant according to the following schedule: 
 5.2.1. for the First part of credit
facility: 
 5.2.1.1. penalty for principal arrears (for the period from 02.10.2015 (incl.) to the date of signing the Amicable Agreement (excl.) in the
amount of USD5,983,507.06 shall be paid by the Defendant on the final date of repayment of principal arrears for the First part of credit facility; 

5.2.1.2. arrears of interest for the period from 29.03.2015 to 01.10.2015 (inclusive both dates) in the amount of USD14,531,374.29 shall be paid by the
Defendant on the date of full repayment of principal arrears for the First part of credit facility; 
 5.2.1.3. Principal arrears: 

5.2.1.3.1. The Defendant undertakes to settle principal arrears on 22.12.2015 in the amount calculated according to the following formula: 

 

			
	 RUR28,306,889,041.09
	 	  – USD445,840,072.19
  

	Bank of Russia exchange rate as of 22.12.2015	 

 At that, if the calculated sum would have a negative value, the amount to be paid for principal arrears on 22.12.2015 will
comprise USD 0 (nought). 
 At that, the calculated sum cannot exceed USD257,848,887.50. 

5.2.1.3.2. The Defendant undertakes to settle the amount of principal arrears remaining after the
payment calculated in compliance with the Art. 5.2.1.3.1 of the Amicable Agreement starting from 10.04.2017 according to the following schedule: 
  

											
	 Payment

number
	 	 Repayment

date
	 	 Amount of payment in

portions from the rest
 of principal arrears as

of April 10, 2017
	 	 Payment

number
	 	 Repayment

date
	 	 Amount of payment in
portions from the rest

of principal arrears as

of April 10, 2017

	1	 	10.04.2017	 	1/37	 	20	 	10.11.2018	 	1/37
	2	 	10.05.2017	 	1/37	 	21	 	10.12.2018	 	1/37
	3	 	10.06.2017	 	1/37	 	22	 	10.01.2019	 	1/37
	4	 	10.07.2017	 	1/37	 	23	 	10.02.2019	 	1/37
	5	 	10.08.2017	 	1/37	 	24	 	10.03.2019	 	1/37
	6	 	10.09.2017	 	1/37	 	25	 	10.04.2019	 	1/37
	7	 	10.10.2017	 	1/37	 	26	 	10.05.2019	 	1/37
	8	 	10.11.2017	 	1/37	 	27	 	10.06.2019	 	1/37
	9	 	10.12.2017	 	1/37	 	28	 	10.07.2019	 	1/37
	10	 	10.01.2018	 	1/37	 	29	 	10.08.2019	 	1/37
	11	 	10.02.2018	 	1/37	 	30	 	10.09.2019	 	1/37
	12	 	10.03.2018	 	1/37	 	31	 	10.10.2019	 	1/37
	13	 	10.04.2018	 	1/37	 	32	 	10.11.2019	 	1/37
	14	 	10.05.2018	 	1/37	 	33	 	10.12.2019	 	1/37
	15	 	10.06.2018	 	1/37	 	34	 	10.01.2020	 	1/37
	16	 	10.07.2018	 	1/37	 	35	 	10.02.2020	 	1/37
	17	 	10.08.2018	 	1/37	 	36	 	10.03.2020	 	1/37
	18	 	10.09.2018	 	1/37	 	37	 	10.04.2020	 	1/37
	19	 	10.10.2018	 	1/37	 	X	 	X	 	X








 5.2.1.3.3. Should within the period till 10.04.2017 (inclusive) any of the following
circumstances occur (in the aggregate): 
  

	 	•	 	The Plaintiff has received from the Defendant certified copies of concluded loan documentation (or written confirmations from GPB Bank (AO) and VTB Bank (PAO) correspondingly on the fact of making such loan
documentation) for setting the schedule of repayment of principal arrears (loan indebtedness) similar to that specified in this paragraph under all credit agreements in force as of 01.04.2017 made between: i) GPB Bank (AO) as the creditor and the
companies of GC Mechel as the borrowers; ii) VTB Bank (PAO) as the creditor and the companies of GC Mechel as the borrowers; 

  

	 	•	 	the court has approved the amicable agreements between the Plaintiff and the Defendant on the following arbitration cases: No. A40-187413/15, A40-187451/15, A40-187412/15; 


 

	 	•	 	The Plaintiff has been provided with duly certified excerpts from the minutes (or copies of such minutes) of general meetings of shareholders of the following companies of GC Mechel: Mechel OAO, the Defendant, ChMK PAO,
Korshunov Mining Plant OAO, Izhstal OAO concerning decisions on approval of the agreements to be made between the Plaintiff and each of these companies of GC Mechel (or any additional agreements thereto), being related party transactions and
providing the Plaintiff with security for obligations of the companies of GC Mechel under the credit arrangement agreements made with the Plaintiff, considering any amendments as of April 10, 2017, if, according to the legislation, the
resolution of such issue is attributed to the competence of the general meeting of shareholders of such companies of GC Mechel; 

 instead of
the schedule set in par. 5.2.1.3.2 of the Amicable Agreement, the Defendant undertakes to repay the remaining amount of principal arrears starting from 10.04.2020 according to the following
schedule: 
  

											
	 Payment

number
	 	 Repayment

date
	 	 Amount of payment in

portions from the rest
 of
principal arrears as
 of April 10, 2017
	 	 Payment

number
	 	 Repayment

date
	 	 Amount of payment in
portions from the rest

of principal arrears as

of April 10, 2017

	1	 	10.04.2020	 	1/37	 	20	 	10.11.2021	 	1/37
	2	 	10.05.2020	 	1/37	 	21	 	10.12.2021	 	1/37
	3	 	10.06.2020	 	1/37	 	22	 	10.01.2022	 	1/37
	4	 	10.07.2020	 	1/37	 	23	 	10.02.2022	 	1/37
	5	 	10.08.2020	 	1/37	 	24	 	10.03.2022	 	1/37
	6	 	10.09.2020	 	1/37	 	25	 	10.04.2022	 	1/37
	7	 	10.10.2020	 	1/37	 	26	 	10.05.2022	 	1/37
	8	 	10.11.2020	 	1/37	 	27	 	10.06.2022	 	1/377
	9	 	10.12.2020	 	1/37	 	28	 	10.07.2022	 	1/37
	10	 	10.01.2021	 	1/37	 	29	 	10.08.2022	 	1/37
	11	 	10.02.2021	 	1/37	 	30	 	10.09.2022	 	1/37
	12	 	10.03.2021	 	1/37	 	31	 	10.10.2022	 	1/37
	13	 	10.04.2021	 	1/37	 	32	 	10.11.2022	 	1/37
	14	 	10.05.2021	 	1/37	 	33	 	10.12.2022	 	1/37
	15	 	10.06.2021	 	1/37	 	34	 	10.01.2023	 	1/37
	16	 	10.07.2021	 	1/37	 	35	 	10.02.2023	 	1/37
	17	 	10.08.2021	 	1/37	 	36	 	10.03.2023	 	1/37
	18	 	10.09.2021	 	1/37	 	37	 	10.04.2023	 	1/37
	19	 	10.10.2021	 	1/37	 	X	 	X	 	X








 5.2.2. for the Second part of credit facility: 

5.2.2.1. penalty for principal arrears in the amount of RUR44,216,986.30 shall be paid by the Defendant on 22.12.2015; 

5.2.2.2. arrears of interest in the amount of RUR96,257,470.56 shall be paid by the Defendant on 22.12.2015; 

5.2.2.3. principal arrears in the amount of RUR1,600,000,000.00 shall be repaid by the Defendant on 22.12.2015. 

6. The Defendant shall pay to the Plaintiff the interest accrued to the amount of principal arrears and arrears of interest specified in Art.
4 of the Amicable Agreement within the period starting from the date of signing the Amicable Agreement by the Parties to the date of full repayment of principal arrears and arrears of interest (Art. 5 of the Amicable Agreement) according to this
paragraph: 
 6.1. Interest rate; 
 6.1.1. For
the First part of credit facility is equal to LIBOR 3M rate as of the date of quotation plus 7 (seven) per cent per annum (hereinafter referred to as the Base Interest Rate 1). 

LIBOR rate is defined as London Interbank Offered Rate in US dollars fixed by ICE Benchmark Administration Limited (published by Thomson
Reuters on the page LIBOR01 of the Reuters information system). 
 From the date of signing the Amicable Agreement to January 10, 2016
(inclusive), the interest rate is set in the amount of LIBOR 3M as of 3 p.m. Moscow time of the date of signing the Amicable Agreement plus 7 (seven) per cent per annum. 

Then the Base Interest Rate shall be set quarterly for the corresponding period for defining the rate by means of the Plaintiff’s
notification in writing sent to the Defendant with indication of the interest rate set for the Period of defining the rate determined according to the following table: 
  

			
	 Date of LIBOR 3M rate quotation
	  	 Period for defining the rate

	Date 2 (two) working days preceding January 11	  	from January 11 to April 10 (inclusive both dates)
	Date 2 (two) working days preceding April 11	  	from April 11 to July 10 (inclusive both dates)
	Date 2 (two) working days preceding July 11	  	from July 11 to October 10 (inclusive both dates)
	Date 2 (two) working days preceding October 11	  	from October 11 to January 10 (inclusive both dates)








 The amount of LIBOR 3M rate is set in compliance with the data indicated on the page LIBOR01
of the Reuters information system as of 3 p.m. Moscow time of the date of quotation. 
 If on the date of LIBOR 3M rate quotation provided for in the
Amicable Agreement: 
  

	 	•	 	there is no LIBOR 3M rate published on the mentioned page (including for the reason of holiday / non-working day), the amount of LIBOR 3M rate shall be set on the basis of latest previous date of quotation;


  

	 	•	 	the period for which there is no LIBOR 3M rate published on the mentioned date comprises not less than 10 (ten) working days (for the reasons not associated with holidays / non-working days or temporary technical
failure when publishing the rates), the variable interest rate shall be replaced with the fixed interest rate in the amount of 11 (eleven) per cent per annum. At that, if LIBOR rate is published again, the fixed interest rate shall be replaced with
the Base Interest Rate from the next Interest Period. 

 At that, the interest rate shall be changed by means of the
Plaintiff’s notification in writing sent to the Defendant with indication of change of the interest rate. In the event that the Defendant did not receive the mentioned notification, the interest rate is calculated by the Defendant independently
in compliance with the Amicable Agreement. 
 The Plaintiff shall also forward the copy of such notification to the Defendant’s email
corpfin@mechel.com within 5 (five) working days. 
 6.1.2. For the Second part of credit facility is equal to the current benchmark
rate of the Bank of Russia plus 3.5 (three point five) per cent per annum (hereinafter referred to as the Base Interest Rate 2). The benchmark rate is published on the website of the Bank of Russia and available in open
sources. The interest rate is changed from the date when the Bank of Russia has changed the benchmark rate. 
 At that, the interest rate
shall be changed by means of the Plaintiff’s notification in writing sent to the Defendant with indication of change of the interest rate. In the event that the Defendant did not receive the mentioned notification, the interest rate is
calculated by the Defendant independently in compliance with the Amicable Agreement. The Plaintiff shall also forward the copy of such notification to the Defendant’s email corpfin@mechel.com within 5 (five) working days. 

6.2. The interest is accrued to the amount of principal arrears specified in Art. 4 of the Amicable Agreement from the date of signing the
Amicable Agreement to the date of full repayment of indebtedness (inclusive). 
 The interest is accrued to the amount of arrears of
interest specified in par. 5.2.1.2 of the Amicable Agreement from the day following the date of signing the Amicable Agreement to the date of full repayment of indebtedness (inclusive). 

6.3. Interest payment procedure: 

6.3.1. The interest hereunder accrued from the date of signing the Amicable Agreement by the Parties to January 10, 2016 shall be paid on
January 10, 2016. 
 6.3.2. The interest hereunder accrued from 11.01.2016 shall be paid monthly on the 10th day of each calendar month from
February, 2016 (hereinafter referred to as the Interest Payment Date) and on the date of full repayment of principal arrears. 
 6.3.3. For
the purposes of Art. 6 hereof the term “Interest Period” shall mean each of the following periods: 
  

	 	•	 	the period of time from the date of signing the Amicable Agreement by the Parties (inclusive) to 10.01.2016; 

  

	 	•	 	periods between consecutive Interest Payment Dates. 

 6.3.4. The part of interest accrued in
each Interest Period to be defined in compliance with par. 6.3.6 of the Amicable Agreement shall be paid within the time limits provided for in par. 6.3.1 and 6.3.2 of the Amicable Agreement (hereinafter referred to as the Payable Interest). 

6.3.5. The part of interest accrued in each Interest Period to be defined in compliance with par. 6.3.6 of the Amicable Agreement shall be
paid by the Defendant on the last date of repayment of principal arrears for the First part of credit facility (hereinafter referred to as the Capitalized Interest). 







 At that, the amount of the accrued Capitalized Interest is charged with the interest for the Base
Interest Rate 1, which shall be paid by the Defendant together with the Capitalized Interest. 
 6.3.6. The relation between the
Payable and Capitalized Interest for the First part of credit facility of each Interest Period shall be defined as follows: 
  

					
	 Joint debt / EBIDTA

relation value
	  	 Payable Interest

(per cent per annum)
	  	 Capitalized Interest

(per cent per annum)

	more than 6.01 (six point nought one)	  	LIBOR 3M + 5 (Five)	  	2 (Two)
	more than 5.01 (five point nought one) to 6.01 (six point nought one)	  	LIBOR 3M + 5,5 (five point five)	  	1,5 (One point five)
	more than 4.01 (four point nought one) to 5.01 (five point nought one)	  	LIBOR 3M + 6 (Six)	  	1 (One)
	4,01 (four point nought one) and less	  	LIBOR 3M + 7(Seven)	  	0 (Nought)

 The Parties agreed that from the date of signing the Amicable Agreement to the date of provision of the first
Certificate according to the paragraph below when defining the rate of the Payable Interest the Parties shall base on the relation value Joint debt / EBITDA more than 6.01 (six point nought one). 

For the purposes of Art. 6 of the Amicable Agreement, the term GC Mechel means Open Joint-Stock Company Mechel (Mechel OAO, address: 1
Krasnoarmeyskaya St., Moscow, 125167, Russian Federation, INN 7703370008, OGRN 1037703012896), and the companies, the composition of which is defined as of the certain period in the consolidated financial statements of Mechel OAO prepared in
accordance with IFRS or US GAAP for the previous reporting period. 
 For the purposes of Art. 6 of the Amicable Agreement, the term
“Joint Debt” means the total “Financial Indebtedness” of GC Mechel’s companies to third parties not belonging to GC Mechel calculated in compliance with IFRS / US GAAP. 

 

			
	Financial Indebtedness	  	 Any indebtedness (without double accounting) as of the end of the corresponding Accounting Period, formed as a result of:

 
 (a) receiving funds in the form of a loan, credit, overdraft or project financing;

 
 (b) interest or other payments capitalization;

 
 (c) obtained commodities and commercial credits for the term of more than
180 calendar days, issued letter of credit and banking guarantees;
  
 (d) issue of
bonds, notes, bills and any other debentures;
  
 (e) conclusion of financial leasing
agreements and rental contracts with obligation of buy-out upon expiration of such leasing agreement or rental contract;
  

(f) sale or discounting of accounts receivable (except for any accounts receivable alienated on a non-recourse basis);

 
 (g) conclusion of factoring agreements with recourse;

 
 (h) making financial derivative transactions in order to protect or get a benefit from
fluctuation of any rates, interests or prices: at that, the amount of such financial derivative transaction will be calculated on the basis of market indicators at any given time;

 
 (i) making repo or any other transactions representing borrowing in economic terms (or in
compliance with accountancy requirements);
  
 (k) assumption of indemnity obligations or
reimbursement commitments for financial debts informed by third parties;
  
 (l) sums
received by issue of redeemable shares (except for the shares redeemable according to the issuer’s decision);
  

(m) assumption of duties of the surety or guarantee liabilities in relation to performance of any obligations by third parties for reimbursing the
guarantor










			
		  	 with amounts of payment under bank guarantee; accounting of such guarantees is carried out according to actual indebtedness for the
obligation to be provided, at that guarantees and surety commitments of several GC Mechel’s companies for the same obligations shall not be summed up; and
  

(n) other financial instruments not specified in any paragraphs of this definition qualified as indebtedness in compliance with IFRS /
US GAAP.


 For the purposes of Art. 6 of the Amicable Agreement, the term “EBITDA” shall mean the stated
indicator calculated in compliance with IFRS / US GAAP for the corresponding reporting period. 
  

			
	EBIDTA	  	 Net revenue of GC Mechel determined in GC Mechel’s financial statements for the corresponding reporting period in order to calculate
relation Joint debt / EBIDTA is set according to the table below in this paragraph of the Amicable Agreement:
  

(a) before deduction of any charges or payments associated with taxes on income;
  

(b) before addition of any interests, commissions, discounts and other fees received / receivable and
deductible interests, commissions, discounts and other fees, paid / payable to any companies of GC Mechel as for Financial Indebtedness;
  

(c) without regard to any items that are considered to be exclusive or extraordinary, revenues and / or costs resulting from transactions and activities
other than GC Mechel’s normal course of business, including any sums relating to:
  

•      costs and revenues associated with exchange rate differences;

 
 •      results
of revaluation of long-term assets or any revenues and costs connected with retirement of long-term assets belonging to any company of GC Mechel;
  

•      results of revaluation of contingent liabilities of any company of GC
Mechel;
  

•      any revenues and costs resulting from alienation of any part or the whole
share of any company of GC Mechel;
  

•      any sums related to writing off and reserves, as well as to any changes in
reserves formed for impairment of indebtedness / assets;
  

•      profits from overdue accounts payable;

 
 •      any
amounts of penalties, fines, forfeits and their release;
  

•      any sums of other expenses qualified in the Borrower’s financial
statements prepared in compliance with IFRS / US GAAP as the costs not associated with principal activity;
  

(d) before addition of profits and deduction of losses from assets / retirement benefit obligations;

 
 (e) before addition of profits from incentive plans based on equity instruments;

 
 (f) before deduction of amounts associated with depreciation or devaluation of intangible
assets, including goodwill, and depreciation or devaluation of fixed assets;
  
 (g)
before deduction of losses or addition of profits of any affiliated company of GC Mechel relating to non-controlling interests;
  

(h) before addition of profits and losses enumerated in par. a)-g) relating to terminated activity.


 The indicators specified above shall be determined for each Interest Period based on the last consolidated
financial statements of GC Mechel prepared in compliance with IFRS / US GAAP for the reporting semi-annual / annual period preceding the current Interest Period and published on the website of GC Mechel online at www.mechel.com. 







 Calculation of the Joint debt / EBIDTA relation shall be provided by the Defendant to the
Plaintiff in the form of official letter signed by the authorized executive body of the Defendant (in this Amicable Agreement referred to as the Certificate) not later than the Date of Submission specified in the table below and is applicable to the
Interest Period specified in the table below. 
  

													
	 No.
	 	 Reporting period for calculation of
Joint debt / EBIDTA

relation
	 	 	 Date of Submission,
not
later than
	 	 	 Interest Period
	 
	1	 	 	01.01.2015-31.12.2015	  	 	 	28.06.2016	  	 	 	from 11.07.2016 to 10.11.2016	  
	2	 	 	01.07.2015-30.06.2016	  	 	 	28.10.2016	  	 	 	from 11.11.2016 to 10.07.2017	  
	3	 	 	01.01.2016-31.12.2016	  	 	 	29.06.2017	  	 	 	from 11.07.2017 to 10.10.2017	  
	4	 	 	01.07.2016-30.06.2017	  	 	 	28.09.2017	  	 	 	from 11.10.2017 to 10.07.2018	  
	5	 	 	01.01.2017-31.12.2017	  	 	 	29.06.2018	  	 	 	from 11.07.2018 to 10.10.2018	  
	6	 	 	01.07.2017-30.06.2018	  	 	 	28.09.2018	  	 	 	from 11.10.2018 to 10.07.2019	  
	7	 	 	01.01.2018-31.12.2018	  	 	 	29.06.2019	  	 	 	from 11.07.2019 to 10.10.2019	  
	8	 	 	01.07.2018-30.06.2019	  	 	 	28.09.2019	  	 	 	from 11.10.2019 to 10.07.2020	  
	9	 	 	01.01.2019-31.12.2019	  	 	 	28.06.2020	  	 	 	from 11.07.2020 to 10.10.2020	  
	10	 	 	01.07.2019-30.06.2020	  	 	 	28.09.2020	  	 	 	from 11.10.2020 to 10.07.2021	  
	11	 	 	01.01.2020-31.12.2020	  	 	 	29.06.2021	  	 	 	from 11.07.2021 to 10.10.2021	  
	12	 	 	01.07.2020-30.06.2021	  	 	 	28.09.2021	  	 	 	from 11.10.2021 to 10.07.2022	  
	13	 	 	01.01.2021-31.12.2021	  	 	 	29.06.2022	  	 	 	from 11.07.2022 to 10.10.2022	  
	14	 	 	01.07.2021-30.06.2022	  	 	 	28.09.2022	  	 	 	from 11.10.2022 to 10.04.2023	  

 If there is no Certificate provided to the Date of Submission, the last provided Certificate shall be
applicable to the corresponding Interest Period. 
 7. In case of late transfer of payment for discharge of debt and / or repayment of
interest after the date of signing the Amicable Agreement the penalties are charged in the amount of Base Interest Rate 1 and Base Interest Rate 2 accordingly in force hereunder on the first date of delay multiplied by 1.5 (one point five). At that,
interest for the portion of principal arrears and / or arrears of interest and / or Capitalized Interest not paid within the time limits set forth herein shall not be accrued. 

8. The Defendant undertakes to compensate the Plaintiff for expenses for payment of 50% of the state duty for hearing the case at the Moscow
City Arbitration Court in the amount of 100,000.00 (one hundred thousand) rubles. The Defendant undertakes to transfer money to the Plaintiff’s account specified in Details of the Parties within 45 (forty five) calendar days after the date
of rendering the decision by the Arbitration Court on approval of the Amicable Agreement. 
 9. In the event that the purpose of payment is
not indicated in invoice document, the funds received for repayment of indebtedness hereunder shall be forwarded in the following priority order: 
  

	 	•	 	for compensation of the state duty (Art. 8 of the Amicable Agreement); 

  

	 	•	 	for paying off the arrears of Payable Interest for the Second part of credit facility (not paid within the time limits set forth in the Amicable Agreement (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement));


  

	 	•	 	for paying off the arrears of Payable Interest (not paid within the time limits set forth in the Amicable Agreement for the First part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement));


  

	 	•	 	for repaying the part of principal arrears for the Second part of credit facility not paid within the time limits set forth in the Amicable Agreement (Art. 5 of the Amicable Agreement); 


 

	 	•	 	for repaying the part of principal arrears for the First part of credit facility not paid within the time limits set forth in the Amicable Agreement (Art. 5 of the Amicable Agreement); 


 

	 	•	 	for repaying the part of principal arrears due for the Second part of credit facility (Art. 5 of the Amicable Agreement); 









	 	•	 	for repaying the part of principal arrears due for the First part of credit facility (Art. 5 of the Amicable Agreement); 

  

	 	•	 	for paying off the Payable Interest due for the Second part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement); 


 

	 	•	 	for paying off the Payable Interest due for the First part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement); 


 

	 	•	 	for repaying the interest accrued to the Capitalized Interest for the First part of credit facility in virtue of par. 6.3.5 of the Amicable Agreement; 


 

	 	•	 	for repaying the arrears of interest for the Second part of credit facility; for repaying the arrears of interest and Capitalized Interest; 


 

	 	•	 	for the First part of credit facility accrued in compliance with par. 6.3.5 - 6.3.6 of the Amicable Agreement; 

  

	 	•	 	for paying off the penalties for principal arrears, penalties for arrears of interest (par. 5.2.2.1 of the Amicable Agreement); 


 

	 	•	 	for paying off the penalties for principal arrears, penalties for arrears of interest (par. 5.2.1.1 of the Amicable Agreement); 

  

	 	•	 	for paying off the penalties for default on obligations under the Amicable Agreement within the time limits for the Second part of credit facility (Art. 7 of the Amicable Agreement); 


 

	 	•	 	for paying off the penalties for default on obligations under the Amicable Agreement within the time limits for the First part of credit facility (Art. 7 of the Amicable Agreement). 


10. In case of full or partial non-performance by the Defendant of its obligations provided for in Art. 5-8 of the Amicable Agreement
and / or in the Credit Agreement, the Plaintiff in compliance with Part 2 Art. 142 of the Arbitration Procedural Code of the Russian Federation may obtain at the Moscow City Arbitration Court an order of recovery by enforcement from
the Defendant at the discretion of the Plaintiff of the lump sum or overdue part of the outstanding amount under the Amicable Agreement after deduction of payments already made by the Defendant.5-8 of the Amicable Agreement and / or in the
Credit Agreement the Plaintiff in compliance with Part 2 Art. 142 of the Arbitration Procedural Code of the Russian Federation may obtain at the Moscow City Arbitration Court an order of recovery by enforcement from the Defendant at the
discretion of the Plaintiff of the lump sum or overdue part of the outstanding amount under the Amicable Agreement after deduction of payments already settled by the Defendant. 

11. The Parties hereby acknowledge that the Credit Agreement with all supplement agreements thereto made on the date of signing the Amicable
Agreement (in this Agreement referred to as the Credit Agreement) remains in force considering the provisions of the Amicable Agreement. Conclusion of this Amicable Agreement shall neither terminate the Credit Agreement (it is not a Novation) nor
cease the Defendant’s obligation to the Plaintiff under the Credit Agreement, which are not regulated hereby. Conclusion of this Amicable Agreement does not constitute the ground for terminating any other Defendant’s obligations to the
Plaintiff, including those under the Credit Agreement, which are not regulated hereby. On the Defendant’s default under the Credit Agreement regarding the obligations not regulated hereby (for example obligations for paying off arrears of loan
interest and / or the penalties for other periods different from those, for which the indebtedness shall be levied within this case, other provisions, including nonpayment obligations) the Plaintiff may go to the law with independent action.

 12. Making this Agreement the Parties proceed from the fact that the Agreements made for providing proper performance of obligations
under the Credit Agreement shall be valid and remain in force. Starting from entry of this Amicable Agreement into legal force, the above-mentioned Agreements shall provide proper performance of obligations under the Credit Agreement and this
Amicable Agreement; conclusion of supplement agreements is not obligatory. 
 13. The Amicable Agreement shall come into effect from the
date of its approval by the Moscow City Arbitration Court. 
 14. This Amicable Agreement is made in 4 originals: two originals for the
Plaintiff, one for the Defendant and one for the Moscow City Arbitration Court. 







 15. In compliance with Art. 139, 140, 141 of the Arbitration Procedural Code of the Russian
Federation, the Plaintiff and the Defendant ask the Court to approve this Amicable Agreement and cease proceedings on the case according to par. 2 of Art. 150 of the Arbitration Procedural Code of the Russian Federation. 

16. The consequences of ceasing proceedings on the case provided for in part 3 of Art. 151 of the Arbitration Procedural Code of the
Russian Federation are known to the Plaintiff and the Defendant. 
 Address, Details and Signatures of the Parties: 

Plaintiff: 
 Legal address: 19 Vavilova St., Moscow,
Russian Federation 
 Address and postal address: 19 Vavilova St., 117997 Moscow 

INN 7707083893, OGRN 1027700132195, KPP 775001001, OKPO 00032537. 

For transfer in RUR: account 30301810000006000014, correspondent account 30101810400000000225 

at the Main Branch of the Bank of Russia in the Central Federal District, BIC: 044525225. 

For transfer in US dollars: 
 Account with the institution:
IRVTUS3N, Bank of New York Mellon, New York, NY 
 Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW 

Sender to Receiver Information: /BNF/ 30301840300006000014 
 For
transfer in EURO: 
 Account with the institution: DEUTDEFF, Deutsche Bank AG, Frankfurt am Main. 

Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW 
 Sender to
Receiver Information: /BNF/ 30301978900006000014, 
 Telephone: (495) 747-37-98. Fax: (495) 957-55-68. 

Defendant: 
 Legal address: the Russian Federation,
address: 6 Yunosti St., Mezhdurechensk, 652877, Kemerovo Region, Russian Federation 
 Address and postal address: 6 Yunosti St., 

Mezhdurechensk, 652877, Kemerovo Region, Russian Federation 
 INN
4214000608, OGRN 1024201388661, KPP 421401001, OKPO 26644096. 
 Settlement account: 40702810026070100405 at Kemerovo branch No. 8615 

Sberbank PJSC 
 E-mail: corpfin@mechel.com 

Telephone: 8 (38475) 7-22-00 (Help Desk), 7-22-37. Telefax: 8 (38475) 7-22-41. 
  

									
	PLAINTIFF	 		 	DEFENDANT
	Vice-President - Director of Toxic Assets
Division of Sberbank PJSC	 		 	General Director of Mechel Mining
Management Company OOO
					
	[signature]	 	/M.N. Degtiarev /	 		 	[signature]	 	/P.V. Shtark/
	[Seal]	 		 		 	[Seal]	 	








 Appendix to the Amicable Agreement 

Register of payments of GC Mechel for interest, fees, penalties and state duty 

under the credit agreements with the Bank in the amount equivalent to RUR3.3 bln 

 

													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 1
	  	22.12.2015	  	ChMK PAO	  	 	6,473,824.91	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 26.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15
	 2
	  	22.12.2015	  	ChMK PAO	  	 	43,726,334.63	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15
	 3
	  	22.12.2015	  	ChMK PAO	  	 	349,142,440.96	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 26.03.2015 to 25.06.2015 according to the court judgement for case No. A40-83634/15
	 4
	  	22.12.2015	  	ChMK PAO	  	 	8,122,067.92	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15
	 5
	  	22.12.2015	  	ChMK PAO	  	 	163,356,164.39	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2105 to 07.07.2015 according to the court judgement for case No. A40-83634/15
	 6
	  	22.12.2015	  	ChMK PAO	  	 	888,375.07	  	  	RUR	  	penalty for arrears of service fee under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15
	 7
	  	22.12.2015	  	ChMK PAO	  	 	403,253,424.65	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-83634/15
	 8
	  	22.12.2015	  	ChMK PAO	  	 	43,551,369.86	  	  	RUR	  	penalty for arrears of service fee under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case
No. A40-83634/15









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 9
	  	22.12.2015	  	ChMK PAO	  	 
 
 
 
 
 
 
 
 
 
 	To be calculated
by the formula:
1,990,845,651.60
– 26,258,151.38
US dollars at the
rate of the Bank
of Russia as of
the date of each
payment in US
dollars within
this Appendix	  
  
  
  
  
  
  
  
  
  
  	  	RUR	  	interest for loan (in arrears) under the Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 and/or the Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010
	 10
	  	22.12.2015	  	Mechel Trading AG	  	 	12,826.02	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.2012 for the period from 31.03.2015 to 13.05.2015 and from 30.06.2015 to 20.07.2015 according to the court judgement for case
No. A40-86346/15
	 11
	  	22.12.2015	  	Mechel Trading AG	  	 	171,513.80	  	  	USD	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.20 12 for the period from 31.03.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15
	 12
	  	22.12.2015	  	Mechel Trading AG	  	 	1,127,860.02	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.2012 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-86346/15
	 13
	  	22.12.2015	  	Mechel Trading AG	  	 	4,275.34	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 31.03.2015 to 13.05.2015 and from 30.06.2015 to 20.07.2015 according to the court judgement for case
No. A40-86346/15
	 14
	  	22.12.2015	  	Mechel Trading AG	  	 	57,171.27	  	  	USD	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 31.03.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15
	 15
	  	22.12.2015	  	Mechel Trading AG	  	 	375,953.34	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-86346/15
	 16
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	76,134.36	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.09.2014 according to the court judgement for case
No. A40-159730/2014









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 17
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	1,751,090.26	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.09.2014 to 14.11.2014 according to the court judgement for case
No. A40-25992/2015
	 18
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	94,824.08	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.12.2014 to 17.04.2015 according to the court judgement for case
No. A40-25992/2015
	 19
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	4,002,275.23	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 29.09.2014 to 28.03.2015 according to the court judgement for
case No. A40-25992/2015
	 20
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	30,331.51	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the Second part of credit facility) for the period from 30.09.2014 according to the court judgement for case
No. A40-159730/2014
	 21
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	1,132,651.28	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.20 12 (for the Second part of credit facility) for the period from 01.10.2014 to 17.04.2015 according to the court judgement for case
No. A40-25992/2015
	 22
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	120,292.29	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period 41912 according to the court judgement for case
No. A40-159730/2014
	 23
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	2,766,722.61	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 01.10.2014 to 14.11.2014 according to the court judgement for case
No. A40-25992/2015
	 24
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	148,671.61	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 30.12.2014 to 17.04.2015 according to the court judgement for case
No. A40-25992/2015









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 25
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	6,356,459.33	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 29.09.2014 to 28.03.2015 according to the court judgement for case
No. A40-25992/2015
	 26
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	32,353.62	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period 41912 according to the court judgement for case
No. A40-159730/2014
	 27
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	1,208,161.37	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 01.10.2014 to 14.11.2014 according to the court judgement for case
No. A40-25992/2015
	 28
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	2,375,392.01	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.20 12 for the period from 30.09.2014 to 14.11.2014 according to the court judgement for case No. A40-159782/2014
	 29
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	42,939.29	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 30.12.2014 to 29.01.2015 according to the court judgement for case No. A40-159782/2014
	 30
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	2,885,977.16	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 29.09.2014 to 28.12.2014 according to the court judgement for case No. A40-159782/2014
	 31
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	22,840.31	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 30.09.2014 according to the court judgement for case No. A40-159790/2014
	 32
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	559,217.68	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 01.10.2014 to 17.11.2014 according to the court judgement for case No. A404724/15
	 33
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	34,952.59	  	  	USD	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 30.12.2014 to 12.05.2015 according to the court judgement for case No. A40-4724/15
	 34
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	1,193,088.37	  	  	USD	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 29.09.2014 to 28.03.2014 according to the court judgement for case
No. A40-4724/15









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 35
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO 	  	 	212,882.02	  	  	RUR	  	penalty for arrears of interest under the Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 27.09.2014 to 17.11.2014 according to the court judgement for case No. A19-16095/2014
	 36
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	485,992.47	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.15 to 23.07.15 according to the court judgement for case No. A19-9461/15
	 37
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	1,756,629.08	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.15 to 23.07.15 according to the court judgement for case No. A19-9461/15
	 38
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	20,747,213.79	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.2015 to 25.06.2014 according to the court judgement for case No. A40-9461/15
	 39
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	16,450,593.99	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.06.2015 to 10.09.2015
	 40
	  	22.12.2015	  	Yakutugol OAO	  	 	23,416.94	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 26.05.2015 to 10.09.2015 according to the court judgement for case No. A58-3296/2015
	 41
	  	22.32.2015	  	Yakutugol OAO	  	 	202,409.33	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 07.05.2015 to 10.09.2015 according to the court judgement for case No. A58-3296/2015
	 42
	  	22.12.2015	  	Yakutugol OAO	  	 	979,365.17	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 01.03.2015 to 30.06.2015 according to the court judgement for case No. A58-3296/2015
	 43
	  	22.12.2015	  	Yakutugol OAO	  	 	1,312,539.70	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 01.07.2015 to 10.09.2015
	 44
	  	22.12.2015	  	Korshunov Mining Plant OAO	  	 	1,060,346.09	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 028 as of 16.03.2010 for the period of charging and not paid to 10.09.2015
	 45
	  	22.12.2015	  	Korshunov Mining Plant OAO	  	 	293,634.92	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 029 as of 16.03.2010 for the period of charging and not paid to 10.09.2015









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 46
	  	22.12.2015	  	ChMK PAO	  	 	30,435,616.39	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 74086 as of 22.12.2009 for the period from 21.01.2015 to 10.09.2015
	 47
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	2,442,658.68	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 13 as of March 25, 2010 for the period from 01.04.2015 to 10.09.2015
	 48
	  	22.12.2015	  	Izhstal OAO	  	 	3,072.61	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15
	 49
	  	22.12.2015	  	Izhstal OAO	  	 	128.02	  	  	RUR	  	penalty for arrears of payment under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15
	 50
	  	22.12.2015	  	Izhstal OAO	  	 	20,139.04	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15
	 51
	  	22.12.2015	  	Izhstal OAO	  	 	20,878.76	  	  	RUR	  	fee for credit account management under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.05.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15
	 52
	  	22.12.2015	  	Izhstal OAO	  	 	20,638.36	  	  	RUR	  	fee for credit account management under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.07.2015 to 10.09.2015
	 53
	  	22.12.2015	  	Izhstal OAO	  	 	501,090.41	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.05.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15
	 54
	  	22.12.2015	  	Izhstal OAO	  	 	495,320.54	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.07.2015 to 10.09.2015
	 55
	  	22.12.2015	  	Izhstal OAO	  	 	26,921.57	  	  	RUR	  	penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 13.07.2015 according to the court judgement for case
No. A71-8039/15









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 56
	  	22.12.2015	  	Izhstal OAO	  	 	298.46	  	  	RUR	  	penalty for arrears of payment under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period 11.06.2015 from 11.07.2015 to 13.07.2015 according to the court judgement for case
No. A71-8039/15
	 57
	  	22.12.2015	  	Izhstal OAO	  	 	534,331.24	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15
	 58
	  	22.12.2015	  	Izhstal OAO	  	 	93,808.24	  	  	RUR	  	fee for credit account management under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 10.09.2015
	 59
	  	22.12.2015	  	Izhstal OAO	  	 	5,060,920.77	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.06.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15
	 60
	  	22.12.2015	  	Izhstal OAO	  	 	10,742,016.65	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 10.09.2015
	 61
	  	22.12.2015	  	Yakutugol OAO	  	 	15,558.25	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A58-7389/2014
	 62
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	4,107.75	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-188070/14
	 63
	  	22.12.2015	  	Mecheltrans OOO	  	 	4,107.75	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-188070/14
	 64
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	66,133.83	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A19-16095/2014
	 65
	  	22.12.2015	  	Mechel OAO	  	 	66,133.83	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A19-16095/2014
	 66
	  	22.12.2015	  	Mechel Trading AG	  	 	957,232.93	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. 204/2014 (ICAC)
	 67
	  	22.12.2015	  	Mechel Trading AG	  	 	16,491.50	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 68
	  	22.12.2015	  	Mechel OAO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014
	 69
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014
	 70
	  	22.12.2015	  	Mechel Service OOO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014
	 71
	  	22.12.2015	  	Mecheltrans OOO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014
	 72
	  	22.12.2015	  	ChMK PAO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014
	 73
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	10,529.26	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A45-20227/2014
	 74
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015
	 75
	  	22.12.2015	  	Mechel Mining OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015
	 76
	  	22.12.2015	  	Mechel OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015
	 77
	  	22.12.2015	  	Yakutugol OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015
	 78
	  	22.12.2015	  	Mechel OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 79
	  	22.12.2015	  	Mecheltrans OOO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 80
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 81
	  	22.12.2015	  	Mechel Mining OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 82
	  	22.12.2015	  	Yakutugol OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 83
	  	22.12.2015	  	Bratsk Ferroalloy Plant OOO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15
	 84
	  	22.12.2015	  	Mechel Mining OAO	  	 	16,147.50	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159782/2014









													
	 No.
	  	 Payment
Date
	  	 Payer
	  	Amount	 	  	 Payment
Currency
	  	 Payment Details

	 85
	  	22.12.2015	  	Yakutugol OAO	  	 	14,628.34	  	  	RUR	  	expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159782/2014
	 86
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	4,859,394.86	  	  	USD	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 02.10.2015 to 17.12.2015
	 87
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	1,122,845.78	  	  	USD	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 02.10.2015 to 17.12.2015
	 88
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	3,767,123.29	  	  	USD	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 02.10.2015 to 17.12.2015
	 89
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	41,453,424.66	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the Second part of credit facility) for the period from 02.10.2015 to 17.12.2015
	 90
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	44,216,986.30	  	  	RUR	  	penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 02.10.2015 to 17.12.2015
	 91
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	96,257,470.56	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 29.03.2015 to 01.10.2015
	 92
	  	22.12.2015	  	Southern Kuzbass OAO	  	 	3,060,885.61	  	  	RUR	  	interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 29.03.2015 to 01.10.2015

 Signatures of the Parties: 
  

									
	PLAINTIFF	 		 	DEFENDANT
	Vice-President - Director of the Distressed Assets Department of Sberbank PJSC	 		 	General Director of Mechel Mining Management Company OOO
					
	[signature]	 	/M.N. Degtyarev/	 		 	[signature]	 	/P.V. Shtark/
	[Seal]	 		 		 	[Seal]	 	








 



 
 Additional Agreement No. 8 to Non-Revolving Credit Facility Agreement No. 5594

 dated October 9, 2012 
  

			
	Moscow	  	March 4, 2016            

 Public Joint Stock Company “Sberbank of Russia” (Sberbank PJSC)
hereinafter referred to as Lender represented by Andrey Yuryvich Goncharenko, Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department, acting on the basis of the Charter and Power of Attorney No. 329-D
dated July 16, 2015, on the one hand, 
 and Open Joint Stock Company “Southern Kuzbass Coal Company” (Southern Kuzbass
OAO) hereinafter referred to as Borrower represented by Pavel Viktorovich Shtark, General Director of Limited Liability Company “Management Company Mechel Mining” (abbreviation – MC Mechel Mining OOO, PSRN 1085410004811, address: 1
Krasnoarmeyskaya Street, Moscow, Russian Federation 125167), performing functions of the sole executive body of Southern Kuzbass OAO on the basis of the agreement on transfer of powers of Southern Kuzbass OAO executive body to management
organization – MC Mechel Mining OOO, dated October 21, 2013, acting on the basis of the Charter of MC Mechel Mining OOO and the Charter of Southern Kuzbass OAO, on the other hand, hereinafter jointly referred to as the Parties, 

concluded the present Additional Agreement No. 8 (hereinafter referred to as Additional Agreement) Non-Revolving Credit Facility Agreement No.
5594 dated October 9, 2012 (hereinafter referred to as Agreement) based on the intention to create legal relations established by Additional Agreement, solely provided that there exist provisions of Annex No. 6 to Additional Agreement, as follows:

 1. Supplement the Agreement with clause 1.2 in the following edition 

“1.2. The following terms and definitions shall be used in the Agreement: 

 

									
	Beneficial owner	  	Zyuzin Igor Vladimirovich
		
	Intercompany indebtedness	  	Financial Indebtedness on which the Mechel Group companies act as a borrower and a lender
		
	Revenue	  	It has meaning provided for this term in the consolidated financial statements of Mechel OAO prepared in accordance with IFRS or US GAAP for the previous reporting period.
		
	Mechel Group of companies/ Mechel Group companies / Mechel Group	  	These include Open Joint Stock Company “Mechel” (Mechel OAO), address: 1 Krasnoarmeyskaya Street, Moscow, TIN 7703370008, PSRN 1037703012896), and companies the composition of which is determined at the certain
period of time in the consolidated financial statements of Mechel OAO prepared in accordance with IFRS or US GAAP for the previous reporting period.
		
	Financial Control Department	  	Department in the organizational structure of Mechel OAO, that reports to Deputy General Director and performs functions of monitoring, analysis and control of financial condition and activities of the Mechel Group of
companies.
		
	Laws	  	Regulations and standards acting on the territory of registration and activities of the relevant company of the Mechel Group.
		
	Deputy General Director	  	Deputy General Director of Mechel OAO for financial control appointed by Mechel OAO from candidates proposed by Gazprombank (Joint Stock Company), PSRN 1027700167110, further under the Agreement text - the GPB Bank
(JSC).









									
		
	Consolidated financial expenses	  	The total amount of interest and other financial charges (including commissions, discounts and other payments, including those related to leasing and derivative financial instruments) accrued (paid or payable to the
Mechel Group), including capitalized during corresponding Period of testing, specified in clause 8.2.11 of the Agreement.
		
	IFRS	  	International Financial Reporting Standard referred to Regulation No. 1606/2002 adopted by the European Parliament and the Council of Europe on July 19, 2002, to the extent applicable to respective financial
statements.
		
	Independent financial adviser	  	Any of the following international auditing companies: PricewaterhouseCoopers, E&Y, KPMG, Deloitte.
		
	Liable persons	  	Pledgors, sureties and guarantors under the Collateral documentation.
		
	Collateral documentation	  	Pledge, surety and guarantee agreements concluded to secure obligations of the Borrower under the Agreement.
		
	Ordinary course of business	  	Regularly implemented economic and / or licensed activities of the Borrower and / or Liable person, information on types of which is included into the Unified State Register of Legal Entities and / or provided by the
charter of corresponding Borrower and / or Liable person.
		
	Public joint-stock companies of the Mechel Group	  	ChMP PJSC, Mechel OAO, Izhstal OAO, Southern Kuzbass OAO, Korshunov Mining Plant OAO
		
	Restructuring	  	Transactions (set of transactions) concluded by the Mechel Group companies for restructuring of Financial Indebtedness to credit institutions during the effective term of credit agreements concluded between the Lender
and the Borrower included in the Mechel Group, provided that:
				
		  		 	(a)	 	conditions of these transactions related to terms, procedure and / or schedule of final repayment of such Financial Indebtedness, terms of interest rates (including terms of their payment or capitalization), and other
conditions affecting the financial condition of the relevant company of the Mechel Group, do not cause preferential treatment of relevant credit institutions compared to the Lender in respect of satisfaction of requirements for the Mechel Group
company. Transactions between the Mechel Group and GPB (JSC) in the framework of the “Elga” project (related to development of the Elga coal deposit) sale do not involve provision of preference to GPB (JSC) as compared to the
Lender;
				
		  		 	(b)	 	under these transactions new security is not created, except for:
					
		  		 		 	•	 	planned security listed in Appendix No. 3 to the Agreement;
					
		  		 		 	•	 	liens and sureties provided to replace existing liens and / or sureties for refinanced /


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 2 









									
		  		 		 		 	restructured Financial Indebtedness while maintaining the same subject of lien and / or size of a guarantor’s responsibility;
				
		  		 	(c)	 	these transactions will be concluded:
					
		  		 		 	(i)	 	in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016;
					
		  		 		 	(ii)	 	in respect of other Financial Indebtedness - until June 30, 2016.
		
	Refinancing	  	Transactions (set of transactions), with the exception of Restructuring transactions, concluded by the Mechel Group for the purposes of Financial Indebtedness refinancing, provided that:
				
		  		 	(a)	 	conditions of these transactions related to terms, procedure and / or schedule of final repayment of such Financial Indebtedness, terms of interest rates (including terms of their payment or capitalization), and other
conditions affecting the financial condition of the relevant company of Mechel Group, do not cause preferential treatment of lenders on the refinanced Financial Indebtedness against the Lender in respect of satisfaction of requirements for the
Mechel Group company;
				
		  		 	(b)	 	liens and sureties provided to replace existing liens and / or sureties for refinanced / restructured Financial Indebtedness while maintaining the same subject of lien and / or size of guarantor’s
responsibility;
				
		  		 	(c)	 	these transactions will be concluded:
					
		  		 		 	(i)	 	in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016;
					
		  		 		 	(ii)	 	in respect of other Financial Indebtedness - until June 30, 2016.
		
	Total debt	  	Total Financial Indebtedness of the Mechel Group companies to third parties which are not a part of the Mechel Group
		
	Traders	  	Mechel Carbon AG, as well as any other company of the Mechel Group, performing functions of a commercial agent (and each of the companies - “Trader”)
		
	Financial Indebtedness	  	Any indebtedness (without double counting) on transactions where one party is Borrower or any of the Mechel Group companies, for the end of the corresponding Period of testing, formed as a result of:
				
		  		 	(a)	 	receipt of funds in the form of loan, credit, overdraft or project financing;
				
		  		 	(b)	 	capitalization of interest and other payments;
				
		  		 	(c)	 	received commodity and commercial loans for a term of more than 180 (One hundred eighty) calendar days, issuing of letter of credit and bank guarantees;
				
		  		 	(d)	 	issue of bonds, notes, promissory notes and any other debt instruments;
				
		  		 	(e)	 	conclusion of financial leasing agreements and lease agreements with a commitment to repurchase at the end of the contract term;


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 3 









									
				
		  		 	(f)	 	sale or discounting of accounts receivable (excluding any receivables alienated without recourse);
				
		  		 	(g)	 	conclusion of factoring contracts with recourse;
				
		  		 	(h)	 	transactions with derivative financial instruments in order to protect or benefit from any fluctuations of rates, interest rates or prices; wherein the sum of transactions with such derivative instruments will be
calculated based on market rates at any given time;
				
		  		 	(i)	 	conclusion of repo transactions or any other transactions that are in economic sense (or in accordance with accounting rules) are borrowing;
				
		  		 	(j)	 	taking on liabilities to reimburse damages or losses from financial obligations incurred by third parties;
				
		  		 	(k)	 	amounts received when issuing redeemable shares (excluding the shares redeemed by an issuer’s decision);
				
		  		 	(l)	 	taking on obligations of warranties or guarantees in respect of execution of any obligations by third parties or reimbursement of the amount of guarantee payment under the bank guarantee to the guarantor; record of
such guarantees is carried out on actual debt for secured obligations, while sureties and guarantees of several Mechel Group companies are not cumulative for one and the same undertaking; and
				
		  		 	(m)	 	other financial instruments not listed in other clauses of this definition, qualified as indebtedness under IFRS / US GAAP
		
	Financial model	  	Forecast model of cash flow in respect of the Mechel Group business for the period from 2015 to 2022 disaggregated by calendar quarters, confirmed by an Independent financial advisor
		
	EBITDA	  	Net income of the Mechel Group designated in financial statements of the Mechel Group for the corresponding testing period laid down in clause 8.2.11 of the Agreement:
				
		  		 	(a)	 	before deducting any charges or payments in respect of taxes on income of the organization;
				
		  		 	(b)	 	before adding any interest, commissions, discounts and other fees, any interests, commissions, discounts received / due to be received and deducted and other fees paid / payable by any company included in the Mechel
Group in respect of Financial Indebtedness;
				
		  		 	(c)	 	excluding any articles that are considered exceptional or extraordinary, revenues and / or expenses resulting from transactions and activities, other than the Ordinary course of business of Mechel Group, including any
amounts in respect of:
					
		  		 		 	•	 	expenses and revenues associated with exchange rate differences;
					
		  		 		 	•	 	results of revaluation of long-term assets or any revenues and expenses related to disposal of long-lived assets of any Mechel Group company;


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 4 









									
					
		  		 		 	•	 	results of revaluation of contingent liabilities of any of Mechel Group companies;
					
		  		 		 	•	 	all revenues and expenses arising from alienation of a part of or the whole share of any Mechel Group company;
					
		  		 		 	•	 	amounts relating to write-offs or reserves, and changes in the reserves made for impairment of indebtedness / assets;
					
		  		 		 	•	 	profits from overdue accounts payable;
					
		  		 		 	•	 	any amounts of fines, delay interests, penalties and their forgiveness;
					
		  		 		 	•	 	any amounts of other expenses which are classified in the financial statements of the Borrower prepared in accordance with IFRS / US GAAP, as expenses not related to the main activity;
				
		  		 	(d)	 	before adding profits and subtracting losses from assets / liabilities for pension plans;
				
		  		 	(e)	 	before adding income from compensation plans based on equity instruments;
				
		  		 	(f)	 	before deduction of amortization and impairment of intangible assets including goodwill, and amortization or impairment of tangible assets;
				
		  		 	(g)	 	before deduction of losses or addition of profits related to non-controlling interests of any Mechel Group subsidiary.
				
		  		 	(h)	 	until adding of listed in clauses a) to g) gains and losses related to discontinued operations.
		
	US GAAP	  	Generally Accepted Accounting Principles of the United States of America published by the Financial Accounting Standards Board (FASB) on www.fasb.org.

 2. Outline clause 2.5 in the following edition 

“2.5. In relation to the Borrower and Liable persons there was not initiated any judicial, arbitral or administrative proceeding in any
court, arbitration or body, which could make it impossible for the Borrower to perform duly his obligations under the Agreement, with the exception of the proceedings referred to in Annex No. 4 to the Agreement. 

3. To amend clauses 7-9 of the Agreement as follows: 

«Article 7. RIGHTS AND OBLIGATIONS OF THE LENDER  

7.1. The Lender has a right: 

7.1.1. Unilaterally to produce at its own discretion: 

7.1.1.1. In the case of fixed interest rates - increasing of the size of the Agreement interest rates values, including, but not limited to,
in connection with the adoption of the decision to increase the discount rate by the Bank of Russia’s (Bank of Russia refinancing rate), by notifying the Borrower without issuing this change as an additional agreement to the agreement. In the
event of increase in interest rates by the Lender unilaterally, the amendment shall enter into force 30 (Thirty) calendar days from the date of dispatch of the notice by the Lender, unless later effective date is specified in the notification. 

Notification of the Borrower about such changes of the Agreement is made in the manner provided by the Agreement. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 5 








 7.1.1.2. In the case of floating interest rate: 

7.1.1.2.1. Changes in size, procedure and conditions for determining the interest rate of the First part of credit line entailing an increase
/ decrease in value of the interest rate, including but not limited to: 
  

			
	 Change
	  	 Change reason

	replacement of LIBOR 3M by LIBOR rate established for other period	  	Changes in domestic and external markets situation compared with the situation as of December 31, 2015 (particularly due to increased one-day LIBOR volatility by more than ten (10) percent within thirty (30) calendar
days)

 7.1.1.2.2. Revision of the size of interest rates on the values of the second line of credit in case of
both of the following events: 
  

	 	•	 	Key interest of Bank of Russia’s is not, on a reasoned judgment of the Lender, the market benchmark for setting the interest rate on the credit / loan agreements; and 


 

	 	•	 	in the event of significant change in economic conditions in the banking market and / or general economic conditions in the country, 


and either to set as a different, base rates, which, in the opinion of the Lender, is a market benchmark for the interest rate on the credit / loan
agreements; or, in the absence of the opinion of the Lender, the base rate, which may be in such a market benchmark, set a fixed interest rate at its sole discretion, provided that the amount of the increase unilaterally the interest rate in any
case shall not exceed 20 (Twenty) per cent per annum. 
 7.1.1.2.3. Commensurate (proportional) increase in the size of the margin under the
Agreement if during the effective term of the Agreement the interest rate under any agreement for a loan signed by the Borrower with the Bank of GPB (JSC), exceeds the “Key Bank of Russia plus 1.5 (One point five) percent per annum”. 

About referred to in clause 7.1.1.2 of the Agreement changes the Lender shall notify the Borrower about the noted changes in the
manner prescribed in the Agreement, without registration of this change by making an Additional agreement to the Agreement. Any correspondent amendment shall enter into force 30 (Thirty) calendar days from the date of dispatch of the notice by the
Lender, unless later effective date is specified in the notification. 
 A copy of the notice is also sent by the Lender within 5 (five)
business days to email of the Borrower corpfin@mechel.com. 
 7.1.2. Unilaterally, at its sole discretion, to make a reduction of the
penalty size and / or establish a time period during which the penalty is not charged, notifying the Borrower without registration of this change by making an additional agreement. 

Decrease of the penalty size and / or beginning of a period of time, during which the penalty is not charged, shall enter into force after 30
(thirty) calendar days from the date of sending the notice by the Lender, if another date of changes entry into force is not specified. 

Notification of the Borrower about such changes of the Agreement is made in the manner provided by the Agreement. 

7.1.3. To demand from the Borrower to provide information and documents confirming intended use of the credit, including a register of payment
documents a (in the form agreed with the Lender), on the basis of which the transfer of credit funds is made from the settlement account of the Borrower, in accordance with a target credit purpose. 

7.1.4. To refuse from the obligation to issue a credit in full or in part, with the circumstances clearly showing that the amount of debt will
not be repaid by the Borrower during the terms established by the Agreement by written notice to the Borrower. 
 7.1.5. In case of overdue
loan debts on the credit and / or interest arrears, and / or other payments provided by the Agreement, and / or penalties under the Agreement, as funds become available, to write them off from accounts of the Borrower to the Lender and other banks
(at existence of an agreement providing writing off in other banks) in the currency of obligations, without Borrower’s order, for repayment of arrears and penalties. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 6 








 The Lender informs the Borrower in writing of the fact of funds withdrawal, without order of the
Borrower, from its accounts for repayment of arrears and penalties in the manner provided under the Agreement. 
 7.1.6. If there are
insufficient funds on the account of the Borrower from the Lender in the currency of the obligation to repay arrears and / or penalties under the Agreement, upon receipt of funds, withdraw funds from the accounts of the Borrower and the Lender
and in other banks in currency different from currency of the liability, followed by conversion of debited funds at the rate and under the conditions established by the Lender and other banks to carry out foreign exchange operations on the date
of the transaction, with enrollment of funds resulting from the conversion, to the account of the Borrower from the Lender and in other banks in obligation currency. 

The Lender informs the Borrower in writing about the fact of funds withdrawal from its accounts, without the Borrower’s order, and
conversion of these funds into the manner prescribed by the Agreement, within 5 (Five) working days from the date of writing-off, indicating type and volume of Borrower’s obligation executed in such a writing-off under the Agreement. 

7.1.7. To cease issuance of credit and / or to require early repayment of the entire credit amount and payment of interest due for credit
usage, penalties and other payments provided by the Agreement terms, from the Borrower, thus the Lender has a right to bring the same requirements for sureties, as well as to levy execution on mortgaged property, in cases: 

7.1.7.1. Non-performance or improper performance, for more than 5 (Five) business days, by the Borrower and / or Mechel Group companies of
payment obligations under the Agreement (including mandatory repayment in accordance with Annex No. 6 to the Agreement) or any of agreements (including but not limited to: credit agreement, agreement to open revolving / non-revolving line of credit,
agreement to provide bank guarantee, contract of guarantee, other types of agreements) and agreements concluded (may be concluded during the effective term of Agreement) between the Borrower and / or companies of the Mechel Group and the Lender and
/ or Sberbank Leasing JSC, as well as payment obligations to the Lender and / or any third party for payment of bills, repayment of bonds, coupon interest payment, mandatory / voluntary offer of the Federal law “On joint stock companies”,
which arose (may arise during the effective term of the Agreement). 
 7.1.7.2. If statements, documents, evidence or information, including
the information specified in Article 2 of the Agreement, granted by the Borrower to the Lender, including in respect of the Mechel Group companies, are unreliable, incomplete or untested. 

7.1.7.3. Use of credit made not for intended purpose or return of funds transferred by the Borrower by a credit in accordance with a target
credit purpose, to the Borrower. 
 7.1.7.4. Introduction to the Borrower and / or any of the Liable persons, bankruptcy proceedings
(namely, issuance by any court of decision to find third party claims valid concerning the Borrower and / or any liable parties to be insolvent (bankrupt) in accordance with applicable law), liquidation or forced reorganization or, if after
December, 31, 2015 deterioration in financial condition of the Borrower or any liable person, which, in the opinion of the Lender, creates a threat, takes place: 

7.1.7.4.1. default on repayment of credit; 

7.1.7.4.2. institution bankruptcy, liquidation or forced reorganization proceedings against the Borrower and / or any of Liable persons; 

7.1.7.4.3. presentation of third parties’ claim for payment of a monetary sum or levy of execution or delivery of property for the amount
exceeding: 
 7.1.7.4.3.1. 500,000,000 (five hundred million) rubles (or its equivalent in another currency) for the Borrower; or 

7.1.7.4.3.2. 1,500,000,000 (one billion five hundred million) rubles (or its equivalent in another currency) in total for any of the Liable
persons. 
 7.1.7.5. In the case of issuance by any court of decision to find third party claims valid admitting any Debtor, Borrower or
Liable person insolvent (bankrupt) or if after December, 31, 2015 deterioration in financial condition of the Borrower and / or any Liable person, which, in the opinion of the Lender, creates a threat for third parties claim for payment by the
Borrower and / or Liable 
 person a sum of money or levy of execution or delivery of property for the amount exceeding: 

7.1.7.5.1. 500,000,000 (Five hundred million) rubles (or its equivalent in another currency) for the Borrower, or 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 7 








 7.1.7.5.2. 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another
currency) in total for the Mechel Group companies. 
 Amount of claim in foreign currency is translated into rubles at the Bank of Russia
exchange rate on the date of filing a lawsuit. 
 7.1.7.6. In case of arrest, confiscation or other compulsory seizure of the
Borrower’s property and / or any company of the Mechel Group, if: 
 7.1.7.6.1. cost of the property exceeds 2 (Two) percent of the
balance value of assets of the Borrower and / or relevant Mechel Group company according to accounting (financial) statements for the last reporting date; or 

7.1.7.6.2. aggregate value of all property arrested, confiscated or otherwise forcibly seized from the Mechel Group companies exceeds
6,000,000,000 (Six billion) rubles (or its equivalent in another currency), provided that such seizure, confiscation or forced removal was not canceled within 15 (Fifteen) business days. 

Cost of property denominated in foreign currencies, is translated into rubles at the Bank of Russia exchange rate on the date of seizure,
confiscation or forced removal of such property. 
 7.1.7.7. If from the part of the Borrower actions aimed at stopping or reducing
security, recognition of the Agreement or Collateral documentation invalid or not concluded, were taken, and in the case if the court decided to consider a third party application aimed at ending or reducing security, recognition of the Agreement or
the Collateral documentation invalid or not concluded. 
 7.1.7.8. Loss (full or partial) of security provided by the Agreement and / or the
Collateral documentation, or deterioration of its conditions for any circumstances (including on circumstances beyond the control of the Borrower or Liable persons that provided security). 

7.1.7.9. If for the Borrower and / or Liable parties exercise of any of its obligations under the Agreement and / or the Collateral
documents becomes unlawful or the Agreement and / or Collateral documents cease to be valid and legally binding. 
 7.1.7.10. In the
case of presentation of collection letters, payment orders, writs of execution and / or seizure of monetary funds on the accounts, to the accounts of the Borrower or Liable persons from Lender and the other credit institutions, and / or suspension
of operations on the accounts by authorized state bodies in the amount equal to: 
 7.1.7.10.1. 500,000,000 (Five hundred million) rubles
(or its equivalent in another currency) for the Borrower; or 
 7.1.7.10.2. 1,000,000,000 (One billion) rubles (or its equivalent in another
currency) in total for all of the Mechel Group companies. 
 provided that such restrictions are not remedied within 5 (Five) business days from the date of
their occurrence. 
 Amount of collection orders, payment requests, writs of execution and / or arrested monetary funds in foreign
currencies is translated into rubles at the Bank of Russia exchange rate on the date of presentation of the accounts to collection letters, payment orders, writs of execution and / or seizure of monetary funds. 

7.1.7.11. Detection of cases of unreliability (for the date of submission) of the documents submitted by the Borrower or by any Liable person
in obtaining credit or during the period of the Agreement, unreliability (for the date of submission) of statements made by the Borrower or Liable person in accordance with the Agreement, discrepancy of accounting with rules of its maintenance.

 7.1.7.12. Acceptance in the manner prescribed by law, of a decision on reorganization of the Borrower and / or Liable person, liquidation
of the Borrower and / or Liable person, as well as liquidation of any of the Mechel Group companies, which carrying amount of assets, according to the accounting (financial) statements for the last reporting date, exceeds 100,000,000 (one hundred
million) rubles (or its equivalent in another currency). 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 8 








 The carrying amount of assets in foreign currency is translated into rubles at the Bank of Russia
exchange rate for the date of acceptance of the corresponding decision on reorganization or liquidation of the Borrower and / or Liable person, as well as liquidation of any of the Mechel Group companies. 

7.1.7.13. If against the Borrower and / or any of the Mechel Group companies there was taken a decision or action by public authorities, local
governments and other entities, which essentially make it difficult or impossible to possess to the Borrower’s property and / or any of the Mechel Group companies, if value of such property exceeds 5 (Five) percent of the book value of the
Borrower assets or the Mechel companies, according to the accounting (financial) statements for the last reporting date, or impede continuation of operations of the Borrower and / or the Mechel Group companies, if these events impede the
Borrower’s performance of its obligations under the Agreement, and they are not eliminated within 25 (Twenty five) business days from the date of occurrence. 

7.1.7.14. Loss (or possible loss) by the Borrower and / or any of the Mechel Group companies, including under circumstances beyond the control
of the Borrower and / or any of the Mechel Group companies, without getting commensurate counter-compensation of the part of the property, which carrying value exceeds: 

7.1.7.14.1. for the Borrower and / or Liable persons - 0.5 (zero point five) percent of the balance value of assets of the Borrower and / or
Liable person; 
 7.1.7.14.2. for all other Mechel Group companies - 5 (Five) percent of the carrying value of the relevant Mechel Group
company, 
 according to the accounting (financial) statements of the respective company for the last reporting date. 

7.1.7.15. Full or partial suspension, revocation and cancellation of the Borrower and / or any of the Mechel Group companies licenses
necessary for implementation of basic activities of the Borrower or the Mechel Group companies, including licenses for use of subsoil plot; introduction of restrictions on the conditions of use of licenses or additional requirements for such a
license; making significant changes in the license or effective term expiration of the license for use of subsoil plot or other license necessary for implementation of industrial activity, if the license was not renewed or received within 30
(Thirty) working days from the date of its withdrawal, revocation or effective term expiration. 
 7.1.7.16. Initiation of a criminal case
or criminal responsibility in respect of the sole executive body of the Borrower, member of the Borrower’s governing body, if these circumstances were not eliminated within 95 (Ninety five) calendar days. 

7.1.7.17. Changes in structure and composition of governing bodies of the Borrower, capable, in the opinion of the Lender, to cause the
Borrower’s default. 
 7.1.7.18. Changes in the composition of the Borrower’s shareholders and / or Liable persons owning more
than 25 (Twenty five) percent plus 1 (One) voting share, as well as the size of their share in the share capital of the Borrower and / or Liable persons in comparison with the size of the share for February 8, 2016, without prior written
consent of the Lender, except in cases when such a change takes place as a result of alienation of the aforementioned shares and / or shares with preservation of the size of indirect (mediated) ownership of such person from the side of Mechel OAO.

 7.1.7.19. Sending by the regulatory / supervisory authority of requirements / regulations, filing a claim against the Borrower or the
Mechel Group company in connection with non-payment of taxes in the total amount for all the Mechel Group companies exceeding 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another currency), if these actions are not
contested by a relevant person properly and / or a term of challenging has exceeded 90 (Ninety) days and / or in the case of entry into force of a court decision on payment of previously unpaid taxes by one or more obligated persons in the total
amount exceeding 300 million (Three hundred million) rubles (or its equivalent in another currency). 
 The amount of requirements expressed
in foreign currency, is translated into rubles at the exchange rate of the Bank of Russia on the date of sending of requirements / regulations or filing a claim. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 9 








 7.1.7.20. Presence of the Financial Indebtedness outstanding by debtors of the Borrower or any
Liable person for the amount exceeding 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another currency), or existence of Financial Indebtedness in the amount exceeding 500,000,000 (Five hundred million) rubles (or its
equivalent in another currency), in respect of which within 70 (Seventy) days the Borrower or the relevant Liable person has not taken actions to recover the debt in complaint and / or judicial procedure. 

The amount of outstanding indebtedness denominated in foreign currencies, is translated at the exchange rate of the Bank of Russia on the date
of the overdue debt. 
 7.1.7.21. Evasion of presentation of requested by the Lender documents necessary for the Lender’s analysis of
carried out by the Borrower or the Mechel Group judicial work to collect accounts receivable. 
 7.1.7.22. Sending to the Borrower or any of
the Mechel Group companies by the regulatory / supervisory authority, of requirements or orders to pay fine(s) in a total volume exceeding 1 billion (One billion) rubles (or its equivalent in another currency), and / or filing claims in relation to
the Borrower or the Mechel Group company for the amount exceeding 500,000,000 (Five hundred million) rubles (or its equivalent in another currency), and / or imposition by the relevant body of prohibition (temporary - for more than 1 (One) month -
or full) for use, development or implementation of production on subsoil plots, which are caused by violation of Laws on protection of environment if these actions are not contested by a relevant person properly and / or a term of contesting has
exceeded 90 (Ninety) days, and the total volume of payment requests received from legal / regulatory / supervisory and / or other government regulatory bodies in respect of the Mechel Group companies, exceeds 1,000,000,000 (One billion) rubles (or
its equivalent in another currency). 
 The amount of requirements or fine expressed in foreign currency, is translated into rubles at the
exchange rate of the Bank of Russia on the date of sending of relevant requirements / regulations or filing a claim. 
 7.1.7.23. If
auditors of the Mechel Group issue qualified opinion on consolidated annual audited financial statements of the Mechel Group, prepared in accordance with IFRS / US GAAP for the last reporting year, which, in the opinion of the Lender, may adversely
affect performance by the Borrower and / or Liable person of obligations under the Agreement and / or the Collateral documentation. 

7.1.7.24. In the case of declaration of the Borrower or any Liable person of its intention to refuse to perform or terminate the Agreement and
/ or any Collateral documents, or carrying out actions directed to challenge or terminate the Agreement and / or the Collateral documentation. 

7.1.7.25. Termination or suspension by the Borrower and / or Liable persons, of implementation of whole or part of the economic activity, as
well as termination of business activities by the Mechel Group with a carrying value of assets exceeding 100,000,000 (one hundred million) rubles (or its equivalent in another currency) according to the accounting (financial) statements on the last
reporting date. 
 The carrying amount of assets in foreign currency is converted to rubles at the Bank of Russia exchange rate on the date
of termination or suspension by the Borrower and / or Liable persons, of implementation of whole or part of the economic activity, as well as termination of business activities by the Mechel Group company. 

7.1.7.26. Receipt of a notification from the Lender or any of the Liable persons who are party to a collateral agreement, ensuring fulfillment
of the obligations of the Borrower under the Agreement, of intention to transfer (fully or partially) the property pledged to the Lender in accordance with the contract(s) of collateral, into subsequent pledge in favor of third persons with
violation of property transfer conditions set out in the relevant contract of pledge. 
 7.1.7.27. Transfer by any Liable person (fully or
partially) of the property pledged in subsequent pledge to the Lender, in favor of third parties with violation of the property transfer conditions set out in the relevant contract of pledge, or imposing legal or otherwise established by law
ban on disposal of such property in favor of a third party. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 10 








 7.1.7.28. Detection of circumstances clearly indicating that the loan provided to the Borrower,
will not be returned on time, including as a result of deterioration of the overall economic situation in the banking sector. 
 7.1.7.29.
Termination of powers of members of the Mechel Board of Directors, the Borrower and / or the Liable persons, which included a director appointed from among candidates proposed by the Bank of GPB (JSC), and / or non-election of the director in charge
of the criteria established by the applicable laws for independent directors, into the Mechel Board of Directors, the Borrower and / or Liable persons or in any subsequent election of members of the Board of Directors of the said persons. 

7.1.7.30. Termination of powers of Deputy General Director without consent of the Lender and the Bank of GPB (JSC), if within 30 (Thirty) days
after the date of such termination of powers, the Mechel OAO does not provide the appointment of a new Deputy General Director from among candidates proposed by the Bank of GPB (JSC). 

7.1.7.31. Appointment, without prior consent of the Lender and the Bank of GPB (JSC), as an auditor of financial statements of the Mechel
Group, prepared in accordance with IFRS and / or US GAAP, of a company other than PricewaterhouseCoopers, E&Y, KPMG or Deloitte.

7.1.7.32. Default / failure to perform by the Borrower of any of the obligations and conditions provided by clause 8.2.5 and/or 8.2.6, and/or
8.2.7, and/or 8.2.8, and/or 8.2.9, and/or 8.2.10, and/or 8.2.11, and/or 8.2.12, and/or 8.2.13, and/or 8.2.14, and/or 8.2.15, and/or 8.2.16, and/or 8.2.17, and/or 8.2.18, and/or 8.2.19, and/or 8.2.20, and/or 8.2.21, and/or 8.2.22, and/or 8.2.23,
and/or 8.2.24, and/or 8.2.25, and/or 8.2.26, and/or 8.2.27, and/or 8.2.28, and/or 8.2.29, and/or 8.2.30, and/or 8.2.32, and/or 9.1.1, and/or 9.1.2, and/or 9.1.3, and/or 9.1.4, and/or 9.1.5, and/or 9.1.6, and/or 9.1.7, and/or 9.1.8, and/or 9.1.9,
and/or 9.1.10, and/or 9.1.11, and/or 9.1.12, and/or 9.1.13, and/or 9.1.14, and/or 9.1.15, and/or 9.1.16, and/or 9.1.17, and/or 9.1.18, and/or 9.1.19, and/or 9.1.20, and/or 9.1.21, and/or 9.1.22, and/or 9.1.23, and/or 10.1, and/or 10.2 of the
Agreement , and/or conditions of Appendix 6 to the Agreement. 
 7.1.7.33. The Borrower’s default of obligations to ensure part of
shares pledged to the Lender, in accordance with clause 9.1.1, 9.1.4 of the Agreement. 
 7.1.7.34. In case of violation by the Mechel Group
companies - parties of the Preemptive right agreement (Right of first refusal) conditions of the agreement concluded in accordance with clause 8.2.19 of the Agreement. 

7.1.7.35. Recognition by the court as invalid of liability of any of the Mechel Group companies which is a party of any of transactions with
the Lender and / or persons affiliated with the Lender. 
 7.1.7.36. Failure up to 10.04.2017 (inclusive) the Borrower’s obligations
stipulated by clause 8.2.30 of the Agreement, and in case of realization of conditions set by the second paragraph of clause 8.2.30 of the Agreement - until July 1, 2018 (inclusive). 

7.1.7.37. Non-performance or improper performance by the Borrower or any of the Mechel Group companies under loan agreements (including
contracts on non-revolving / revolving line of credit), which are concluded (may be concluded during the effective term of the Agreement) between the Borrower and / or the Mechel Group companies and any other lender (in terms of payment obligations)
(with the exception of commercial lenders in accordance with the provisions of clause 8.2.16 of the Agreement), and caused to a claim for early repayment of the loan amounts in the aggregate amount exceeding: 

 

	 	•	 	for the Borrower - 500,000,000 (Five hundred million) rubles; 

  

	 	•	 	for all of the Mechel Group companies in total - 1,500,000,000 (One billion five hundred million) rubles. 


The loan amount claimed for early repayment in foreign currency, is converted to rubles at the Bank of Russia exchange rate on the date of the
request of early repayment of credit amount. 
 7.1.8. Specified in clause 7.1.7 of the Agreement breach of the Agreement and change of
circumstances are essential for the Lender. 
 At the same time, the Lender shall notify the Borrower of its requirements in the manner
provided by the Agreement. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 11 








 7.1.9. To carry out checks of reliability of provided by the Borrower reporting and target
indicators of its economic and financial activities, as well as to request other data relevant to use of loan funds and to fulfill obligations under the Agreement. 

7.1.10. To demand from the Borrower during the effective term of the Agreement, conclusion (providing conclusion) of agreement (s) on the
right of the Lender to debit without order of the payer to repay overdue debt from accounts of the Borrower and guarantors to the Lender. 

Notification of the Borrower about such a demand is made in the manner provided by the Agreement. 

7.1.11. At its discretion, to exercise the right provided by clause 7.1.7 of the Agreement and / or to demand from the Borrower to pay a
penalty provided by clause 11.5 of the Agreement in each of the cases / in the performance of each of the obligations specified in clause 8.2.5 and / or 8.2.6 and / or 8.2.7 and / or 8.2.8 and / or 8.2.9, and / or 8.2.10 and / or 8.2.13 and / or
8.2.14, and / or 8.2.15, and / or 8.2.17, and / or 8.2.22, and / or 8.2.26, and / or 8.2.28, and / or 8.2.29 of the Agreement and / or clause 1 of the Appendix No. 6 to the Agreement. 

7.2. The Lender accepts the following obligations: 

7.2.1. Under the conditions specified in Article 3 of the Agreement, and if at the time of the loan, none of the conditions under which the
Lender has a right to terminate credit issue and to demand early repayment of the loan, to produce transfer of credit amount within available balance of the credit limit line to the account of the Borrower on the basis of orders of the Borrower,
designed in accordance with the terms the Agreement. 
 «Article 8. RIGHTS AND OBLIGATIONS OF THE BORROWER 

8.1. The Borrower shall be entitled to: 

8.1.1. If the Borrower does not agree with the change in interest rate on the actual loan debt (in accordance with clause 7.1.1 of the
Agreement) to repay part or all of the amount of credit with payment of accrued interest for the maturity date, Commission payments and penalties on the same terms within 30 (thirty) calendar days from the date of a written notice to amend the terms
of the loan sent by the Lender to the Borrower. 
 8.2. The Borrower accepts the following obligations: 

8.2.1. Within 5 (Five) working days from the date of delivery of a notification or a message with claims of the Lender for early repayment of
credit, in accordance with clause 7.1.7, 13.3 of the Agreement to repay loan debt on the credit and pay interest due for credit usage, Commission payments and penalties accrued for the maturity date. 

8.2.2. To use loan strictly for the intended purpose in accordance with Article 1 of the Agreement. 

8.2.3. To provide to the Lender correctly executed payment documents and applications in accordance with the purpose of credit (clause 1.1 of
the Agreement), as well as on demand of the Lender - a register of specified payment documents (in the form agreed with the Lender), no later than planned date of use of respective loan. 

8.2.4. To make payment of interest at the rate determined in accordance with terms of the Agreement, regardless of receipt of Lender’s
notice of the amount of the interest rate by the Borrower. 
 8.2.5. To provide to the Lender no later than the 15th (Fifteenth) day of the
second month after the end of each reporting period (quarter, half year, 9 (Nine) months), and at the end of the reporting year - until the 15th (Fifteenth) of April of the current year - a duly certified copy of the audit report (or its final part)
(with mandatory under the laws of the Russian Federation audit of accounting (financial) statements). 
 To provide to the Lender no later
than the 15th (Fifteenth) day of the second month after the end of each reporting period (quarter, half year, 9 (Nine) months), and at the end of the reporting year - until the 15th (fifteenth) of April of the current year copies of the following
documents for the past reporting year: 
  

	•	 	accounting (financial) statements in the composition and according to the forms established by the laws of Russian Federation, with a note on the method of sending the document to a division of Russian Federal Tax
Service (for annual accounts), certified by a head and a seal of the Borrower, and an audit report (or its final part) (with necessary under the laws of the Russian Federation audit of accounting (financial) statements); 


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 12 









	•	 	decryptions of accounts payable and receivable broken down into debt with payments expected within 12 months, and more than 12 months, indicating names of lenders, debtors, debt amount and indebtedness origin dates
indicating this debt status (overdue to 3 months or less / more than 3 months overdue / current); 

  

	•	 	decryptions of short-term and long term financial investments indicating species, amount of investments, types of organizations and enterprises; 


 

	•	 	decryptions of indebtedness on long-term and short-term borrowings (including promissory notes and bonds) indicating lenders, debt amount, loan term, repayment schedule, amount of overdue interest; 


 

	•	 	decryptions of received security (indicating from whom and to whom received) and issued security (indicating for whom and to whom issued, liabilities deadlines); 


 

	•	 	decryptions of other revenues and other expenses distinguishing revenue and expenses relating to operating activities; 

  

	•	 	decryption of obligations under lease payments, including finance lease contracts indicating payment amount, payment schedule; 

  

	•	 	information on the costs of financial leasing, accounted in cost of sales; 

  

	•	 	references of turnover and balances on current accounts in the currency of the Russian Federation and foreign currency and presence of claims to the accounts; 


 

	•	 	a certificate about a share of foreign exchange earnings in total revenues for the reporting date; 

  

	•	 	information for the last reporting date on subsidiaries (more than 50% in the authorized capital) indicating stakes in the authorized capital of the subsidiaries as a percentage; 


 

	•	 	a certificate from a division of the Federal Tax Service of Russia on status of settlements with the budget or an act of reconciliation with the budget (in the presence of arrears to the budgets of any level - a
taxpayer’s certificate indicating timing, scope and causes of debt); 

  

	•	 	a certificate from a division of the Russian Pension Fund on the status of settlements with the fund or an act of reconciliation with the fund (in the presence of arrears to the fund - a taxpayer’s certificate
indicating timing, scope and causes of debt); 

  

	•	 	copies of changes and additions to constituent documents (registered in the manner prescribed by law) and copies of Leaves of records in the USRLE of state registration of changes in constituent documents certified by a
notary or by registration authority, if, during the preceding calendar quarter changes were made in the constituent documents; 

  

	•	 	information on the composition of collegiate and executive management bodies, including Supervisory Board / Board of Directors / Management Board, about person(s) executing (their) functions of a sole executive body
(indicating position in the case of combining of activities - other places of work), if during the preceding calendar quarter there were changes in the composition of the executive and / or collegiate management bodies, new person(s) executing
functions of a sole executive body, were appointed; 

  

	•	 	information on the composition of Management company collegiate and executive management bodies, including Supervisory Board / Board of Directors / Management Board, about person(s) executing (their) functions of a sole
executive body (indicating position in the case of combining of activities - other places of work), if during the preceding calendar quarter an agreement was concluded with the Management company, there were changes in the composition of the
Management company executive and / or collegiate management bodies, new person(s) executing functions of a sole executive body, were appointed, or a change of Management company happened; 


 

	•	 	information on composition of shareholders owning 5.0 percent or more of the shares, including information on shareholders, on behalf of which nominal holders are other people, if during the preceding calendar quarter
there were changes in the composition of shareholders holding 5.0 percent or more shares. 


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 13 








 In addition, the Borrower shall, at the request of the Lender, provide other reporting and
financial documents within 10 (Ten) business days from the date of receipt of the request. 
 8.2.6. During the entire effective term of the
Agreement to ensure provision of the following information / documents as certified by Mechel OAO copies or originals to the Lender: 

8.2.6.1. Consolidated annual audited statements of the Mechel OAO, prepared in accordance with IFRS or US GAAP - no later than 180 (One
hundred eighty) calendar days from the date of the end of the relevant calendar year. 
 8.2.6.2. Consolidated audited statements of the
Mechel OAO for the first, second and third quarters of the calendar year, including consolidated balance sheet, profit and loss statement and statement of comprehensive debt, prepared in accordance with IFRS or US GAAP: 

 

	 	i)	with respect to statements prepared in 2015 and 2016 - no later than 120 (One hundred twenty) days from the date of the end of the quarter; 


 

	 	ii)	with respect to statements prepared in 2017 - no later than 90 (Ninety) days from the date of the end of the quarter; 


8.2.6.3. Consolidated quarterly report for capital expenditures (CAPEX) of the Mechel Group companies - no later than 15 (fifteen) working
days from the date of the end of the relevant calendar quarter. 
 8.2.6.4. Certificate about a share of Traders’ revenue in
consolidated revenue of the Mechel Group - together with provision of consolidated financial statements within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement. 

8.2.6.5. Certificate about presence or absence of the Mechel Group companies which index of Revenue, EBITDA or book value of assets exceeds 3
(Three) percent of respective Mechel Group indicators - simultaneously with provision of consolidated financial statements within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement. 

8.2.6.6. Certificate with calculation of financial indicators specified in clause 8.2.11 of the Agreement, provided within the following
terms: 
  

					
	 Reporting period
	  	 Date of provision
	  	 Period of current
certificate

	01.01.2015-31.12.2015	  	28.06.2016	  	11.07.2016-10.11.2016
	01.07.2015-30.06.2016	  	28.10.2016	  	11.11.2016-10.07.2017
	01.01.2016-31.12.2016	  	29.06.2017	  	11.07.2017-10.10.2017
	01.07.2016-30.06.2017	  	28.09.2017	  	11.10.2017-10.07.2018
	01.01.2017-31.12.2017	  	29.06.2018	  	11.07.2018-10.10.2018
	01.07.2017-30.06.2018	  	28.09.2018	  	11.10.2018-10.07.2019
	01.01.2018-31.12.2018	  	29.06.2019	  	11.07.2019-10.10.2019
	01.07.2018-30.06.2019	  	28.09.2019	  	11.10.2019-10.07.2020
	01.01.2019-31.12.2019	  	28.06.2020	  	11.07.2020-10.10.2020
	01.07.2019-30.06.2020	  	28.09.2020	  	11.10.2020-10.07.2021
	01.01.2020-31.12.2020	  	29.06.2021	  	11.07.2021-10.10.2021
	01.07.2020-30.06.2021	  	28.09.2021	  	11.10.2021-10.07.2022
	01.01.2021-31.12.2021	  	29.06.2022	  	11.07.2022-10.10.2022
	01.07.2021-30.06.2022	  	28.09.2022	  	11.10.2022-10.04.2023

 If during the terms of provision the Borrower do not provide the Lender with a Certificate, the latter
presented certificate is used during the following period of relevance of the Certificate. 
 8.2.6.7. Approved annual budget (broken down
by month) of the Mechel Group companies whose main activity is production, mining and production of electricity and heat with decoding of the budget of procurement by type of products and / or services, procurement volume, purchase price and counter
parties (“Company budget”) - no later than March 30 of each year. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 14 








 8.2.6.8. Approved consolidated annual budget of the Mechel Group (broken down by month)
(“Budget of Group”) - no later than April 10 of each year. 
 8.2.6.9. Plan-fact analysis of execution of the Budget
of the company and the Budget of the Group for the last calendar month - not later than the 25th (twenty-fifth) day of the month following the reporting month 

8.2.6.10. Monthly report on the state of liquidity of the Mechel Group created on the basis of the Mechel Group management accounts for the
last calendar month - not later than the 20th (twentieth) day of the month following the reporting month, and a certificate of daily cash balances for each account of the Mechel Group companies, opened in credit institutions for the last calendar
month - not later than 10 (Ten) business days from the date of the end of the relevant month. 
 8.2.6.11. Certificate of Financial
Indebtedness of the Mechel Group (including information on Intercompany indebtedness) - not later than 15 (fifteen) business days from the date of the end of the month with corresponding charges. 

8.2.6.12. List of contracts for supply of goods concluded between the Mechel Group companies and large end-purchasers / buyers and other
Mechel Group companies, each of which has more than 1 (One) percent of revenue of the relevant Mechel Group company, during the quarter, as well as a report showing basic conditions and volumes of deliveries of the Mechel Group companies products on
all contracts of delivery concluded with large end-purchasers / customers and other Mechel Group companies - not later than 15 (Fifteen) business days from the date of the end of the quarter. 

8.2.6.13. Quarterly monitoring report prepared by the Department of financial control, and signed by the Deputy General Director, in the form
developed by the Independent financial advisor and coordinated with the Lender, on the Mechel companies implementation of indicators provided in the Financial model, and confirmed by the Independent financial adviser, not later than 45 (Forty
five) calendar days from the date of the end of the quarter. 
 8.2.7. In case of liquidation, reorganization or reduction of the authorized
capital, to notify the Lender within 3 (Three) business days from the date of the decision of the Borrower authorized collegial management body. Notification of the Lender is made in the manner provided by the Agreement. 

8.2.8. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure not to make additional emissions of shares,
consolidation and / or splitting of shares specified in clause 9.1.1, 9.1.4 of the Agreement, without prior written agreement with the Lender. 

8.2.9. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure non-implementation of translation of registers
of shareholders of share issuers specified in clause 9.1.1, 9.1.4 of the Agreement, from an independent registrar, without prior written agreement with the Lender. 

8.2.10. Quarterly not later than 5 (Five) business days from the date of the end of the calendar quarter, to ensure provision from
registrars to the Lender of certificates confirming maintenance of the registers of shareholders specified in clause 9.1.1, 9.1.4 of the Agreement. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 15 








 8.2.11. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure
compliance of the Mechel Group of following financial indexes at the level specified in the table below: 
  

							
	 Testing period Total debt

/ EBITDA
	  	 Value Total debt /

EBITDA, not higher
	  	 Test period EBITDA /
Consolidated
financial
expenses
	  	 EBITDA /

Consolidated
financial expenses, no

lower:

	2015	  	9.5	  	2015	  	0.9
	01.07.2015 -30.06.2016	  	7.5	  	01.07.2015 -30.06.2016	  	1.25
	2016	  	7.5	  	2016	  	1.25
	01.07.2016 -30.06.2017	  	5.5	  	01.07.2016 -30.06.2017	  	1.50
	2017	  	5.5	  	2017	  	1.50
	01.07.2017 -30.06.2018	  	4.5	  	01.07.2017 -30.06.2018	  	1.75
	2018	  	4.5	  	2018	  	1.75
	01.07.2018 -30.06.2019	  	3.5	  	01.07.2018 -30.06.2019	  	2.00
	2019	  	3.5	  	2019	  	2.00
	01.07.2019 -30.06.2020	  	3.0	  	01.07.2019 -30.06.2020	  	2.50
	2020	  	3.0	  	2020	  	2.50
	01.07.2020 -30.06.2021	  	3.0	  	01.07.2020 -30.06.2021	  	2.50
	2021	  	3.0	  	2021	  	2.50
	01.07.2021 -30.06.2022	  	3.0	  	01.07.2021 -30.06.2022	  	2.50
	2022	  	3.0	  	2022	  	2.50
	01.07.2022 -30.06.2023	  	3.0	  	01.07.2022 -30.06.2023	  	2.50
	2023	  	3.0	  	2023	  	2.50

 Indicators specified in the table, are checked by the Lender on the basis of consolidated financial statements
of the Mechel Group in accordance with IFRS / US GAAP, made for the corresponding period of testing and provided to the Lender in accordance with clause 8.2.6 of the Agreement, or published in the Internet on the website of the Mechel Group at:
www.mechel.com. 
 8.2.12. Until complete fulfillment of obligations under the Agreement to the Lender, to provide excess value of net
assets over the value of authorized capital: 
  

	 	•	 	from January 1, 2016 and until January 1, 2017 - based on the results of every second calendar year in respect of the Borrower and each of guarantors under the Agreement in the case, if according to results of the
previous fiscal year, the value of their net assets was lower than their share capital (respectively); 

  

	 	•	 	from January 1, 2017 - based on the results of each calendar year, in respect of the Borrower and each of guarantors under the Agreement. 


Net asset value is determined according to the Order No.84n of the Ministry of Finance of Russia dated 28.08.2014 “On approval of the
Order of determining of net assets value”. 
 8.2.13. If according to consolidated financial statements of the Mechel Group, any of the
Mechel Group companies, which is not a surety (guarantor) for the obligations of other Mechel Group companies to the Lender or its affiliated persons, any of the following indicators of financial statements - Revenue, EBITDA or value of assets -
more than 3 (Three) percent from the corresponding figure of the Mechel Group, according to the latest consolidated financial statements of Mechel OAO, the Borrower must provide guarantees and / or sureties of such a Mechel Group company in favor of
the Lender to secure obligations under the Agreement in the form agreed with the Lender, within 20 (Twenty) business days from the date of representation of respective statements of Mechel OAO (referred to in clause 8.2.6 of the Agreement). 

Obligation provided for in the first indent of this clause of the Agreement, does not apply to Open Joint Stock Company
“Kuzbassenergosbyt”( address: 650036 Kemerovo region, Kemerovo, 90/4 Prospekt Lenina, PSRN 1064205110133) 
 8.2.14. Not to
perform and not to allow any of the Mechel Group companies to make the following operations, transactions, actions without the prior written consent of the Lender: 

8.2.14.1. Transactions for which the Borrower and / or the Mechel Group company acts as a lender of Financial Indebtedness of persons not
included in the Mechel Group, except for transactions not executed as of February 8, 2016. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 16 








 8.2.14.2. Transactions for which the Borrower shall and / or Liable persons act as a Lender of
Financial Indebtedness of persons included in the Mechel Group and not Liable persons, except for the transactions: 
 a) for which the loan
is provided for and / or subject to repayment within 10 (Ten) business days prior to any Financial Indebtedness of any Liable person for the same amount. 

b) for which the loan is provided to repay Financial Indebtedness and / or debt to individual suppliers of persons which are members of the
Mechel Group and are not Liable persons, in the amount of not more than 6,000,000,000 (Six billion) rubles in 2016, not more than 8,000,000,000 (Eight billion) in 2017, and not more than 6,000,000,000 (Six billion) in 2018 and beyond. These loans
specified in this clause, may be granted without consent of the Lender, with only absence of arrears to the Lender. 
 c) For which the loan
is provided for the benefit of the Limited Liability Company Mechel Energo (Mechel Energo LLC, address: Russia, 454047, Chelyabinsk region, Chelyabinsk, 14 2nd Paveletskaya Street, TIN 7722245108, PSRN 1027700016706) in the amount not more than
4,084,000,000 (Four billion eighty-four million) rubles, provided translation of the Financial Indebtedness of MechelEnergo LLC to any of the Liable persons, for the amount not less 3.8 billion (Three billion eight hundred million) rubles and full
payment of the transfer in cash within 100 (One hundred) calendar days. 
 For transactions referred to in clause a), b) and c) of this
clause of the Agreement, the Borrower shall undertakes to provide the Lender within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement, a written report containing information on participants, amounts and terms of these transactions. In
case of a written request of the Lender, the Borrower shall, within 10 (Ten) business days, provide duly certified copies of supporting documents for these transactions (copies of contracts, payment orders).

8.2.14.3. Attraction, as well as changes in conditions of previously borrowed loans and loans from third parties not included in the Mechel
Group, or transactions (series of interrelated transactions), which result in Financial Indebtedness of the Borrower and / or the Mechel Group companies to third parties, or changing maturities of previously occurred Financial Indebtedness of the
Borrower and / or the Mechel Group companies to third parties not being a part of the Mechel Group, except: 
  

	 	•	 	involved and concluded in the framework of Restructuring; 

  

	 	•	 	involved and concluded in the framework of Refinancing; 

 8.2.14.4. Early repayment of loans /
borrowings on credit agreements / loan agreements concluded by the Mechel Group companies with lenders / lenders, including purchase of Mechel OAO bonds, with the exception of Refinancing transactions. 

In case of violation of any by the Mechel Group companies, obligations described above, the Lender is entitled to request from one or more
Mechel Group companies that are operating borrowers for the Lender, and the corresponding borrower who has received such a demand of the Lender, shall, within 5 (Five) business days from date of receipt of this claim of the Lender, to prepay
part of the loan debt on the relevant credit agreement (agreement on the credit line), concluded between the Lender and the relevant borrower in the amount specified in the demand of the Lender. 

The total amount of prepayment for one or more credit contracts should be, in monetary terms, the same share in the loan portfolio of the
Lender, which was the amount of early repayment of credits / loans before the relevant repayment in balance of loan debt of the Mechel Group to the lender / lender whose indebtedness was repaid ahead of schedule by the Mechel Group. 

8.2.14.5. Granting of sureties and / or guarantees, obligations for compensation of damages in security of obligations to the Mechel Group
companies and third parties, which are not Mechel Group companies, except for guarantees and commitments to reimburse: 
 a) existing as at
February 8, 2016; 
 b) issued (provided) in favor of international consultants, auditors, pledgors, investment banks as part of standard
terms of implementation of services activities by given persons; 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 17 








 c) issued (provided) in favor of the members of the Board of the Mechel Group companies (with the
exception of members of the Board of Mechel OAO) in connection with performance of their duties; 
 d) issued (provided) at the request of
auditors of a foreign subsidiary of the Mechel Group for the purpose of covering negative net assets of the respective subsidiary at the amount required to cover this; 

e) issued (provided) in favor of the Lender or its affiliated persons for the obligations of the Borrower, Liable persons or other companies of
the Mechel Group to the Lender or its affiliated persons; 
 f) issued (provided) as part of Restructuring; or 

g) issued (provided) to secure transactions of Refinancing (provided that the condition (b) of the term “Refinancing” is fulfilled,
as defined in clause 1.2 of the Agreement. 
 8.2.14.6. Acquisition and alienation by the Borrower and / or the Mechel Group companies once
or in part, in one or a set of related transactions, whether for consideration or free of charge, with representation of proportionate or disproportionate compensation (counter granting), property and / or assets (including parts / shares) owned by
the Borrower and / or the Mechel Group companies (including the Liable persons), in favor of third parties (including alienation of parts / shares of companies, defined in Appendix No.7 to the Agreement as Non-key assets of the Mechel Group,
but with the exception of acquisition or disposal of property and / or assets (including parts / shares): 
 a) in the ordinary course of
business; or 
 b) in respect of obsolete and worn-out property; or 

c) between the Mechel Group companies that are not Liable persons and / or the Borrower; 

d) between the Borrower and Liable persons, between the Liable persons, as well as between the Borrower and Liable persons and the Mechel
Group companies, provided that: 
  

	 	•	 	the amount of transactions (series of interrelated transactions) on acquisition or disposal in relation to each of the Borrowers or Liable persons, shall not exceed 1 (One) percent of the book value of the assets of the
Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date, and such transaction (set of interrelated transactions) was approved by the Board of Directors of the Borrower, and the
Borrower’s director appointed in accordance with clause 7.1.7.29 of the Agreement, voted in favor of the approval of this transaction. 

  

	 	•	 	Such a transaction can be made without such approval, if the director of the Borrower designated in accordance with clause 7.1.7.29 of the Agreement, more than two times: (a) did not attend the meeting of the Board of
Directors whose agenda included the issue of approval of the transaction, and / or (b) did not vote at this issue at the respective Board of Directors meetings; and 


 

	 	•	 	the total volume of transactions of the Borrower or any Liable person (including related transactions) for disposal or acquisition of property and / or assets (including shares), does not exceed for each calendar year,
3 (Three) per cent of the aggregate book value of assets of the Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date, and for the term of the Agreement - 10 (Ten) percent of
the total book value of the assets of the Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date. 


8.2.14.7. Creation and / or omission of any encumbrance or creation of conditional disposal of property and / or assets (including parts /
shares) in the framework of one or several interrelated transactions, with the exception of: 
 a) encumbrance of assets of the Borrower and
other companies of the Mechel Group existing as of February 8, 2016; 
 b) encumbrance of assets of the Borrower and other companies of the
Mechel Group for the 
 obligations of companies of the Mechel Group to the Lender or its affiliated persons; 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 18 








 c) encumbrance created in the framework of Restructuring; 

d) encumbrance created to secure transactions of Refinancing (provided that the condition (b), of the term “Refinancing” is
fulfilled, as defined in clause 1.2 of the Agreement. 
 e) in cases provided by laws. 

8.2.14.8. Implementation of investment (in any form) of the share capital in the amount more than 10,000,000 (Ten million) rubles. 

8.2.14.9. Execution or repayment of obligations before the due date and / or occurrence of respective maturity date or payment: 

a) payment obligation (payment obligations) (excluding Financial Indebtedness) in excess of 10 (Ten) per cent of the aggregate of all payment
obligations of the Borrower and / or the relevant company of the Mechel Group; 
 b) any Financial Indebtedness, except early performance
and other financial commitments: 
  

	 	•	 	in the framework of Restructuring; 

  

	 	•	 	in the framework of Refinancing; 

 8.2.14.10. Implementation of share buyback, except in cases
provided by the Law, as well as announcement and / or payment of dividends, except for: 
 a) announcements and / or payment of dividends on
preferred shares of Mechel OAO in the amount not exceeding 8,000,000 (Eight million) in a year or in accordance with the procedure laid down in the Charter of Mechel OAO; 

b) announcements and / or payment of dividends in favor of the Borrower, Liable persons and / or their subsidiaries. 

8.2.14.11. Conclusion of transactions (including purchase and sale of property and assets (including shares), sales of products and services)
with the Mechel Group companies, affiliated parties and third parties on terms other than market (including use of hidden commissions, bonuses , penalties, transfer pricing, which differ from ordinary course of business). 

8.2.14.12. Providing of advances on contracts concluded in the ordinary course of business for a period exceeding 6 (Six) months. 

8.2.14.13. Conclusion of agreements on the terms under which the Borrower and / or the Mechel Group company as a buyer, is obliged to purchase
goods in the amount and at the price set in the contract, or to pay a penalty (the “take or pay” transaction). 
 8.2.15. Not to
perform and not to allow any of Liable persons to make the following operations, transactions, actions without the prior written consent of the Lender: 

a) Reorganization, reduction or increase of the authorized capital of the Borrower and Liable persons and issuance of new shares, except in
the case of additional issue provided additional security to the Lender to preserve the shares pledged to the Lender, in accordance with the terms of clause 9.1.1 and 9.1.4 of the Agreement. 

b) Significant change in the basic directions of its business. 

c) Changes in the constituent documents, except for technical changes related to change in address, location, creation or liquidation of
branches and representative offices, as well as changes needed in accordance with the Law.
 d) From December 31, 2015 provision to third
parties (including credit institutions or other lenders) a right of debiting of monetary funds from the accounts of the Borrower or the relevant Liable person, opened for the Lender, on the basis of accounting documents provided by the Law,
including based on collection orders. 
 8.2.16. Not to allow presence, and to ensure that the Mechel Group company do not allow presence of
overdue for more than 90 (Ninety) calendar days, of commercial debt and advance payments, with the exception of arrears in the aggregate for all Mechel Group companies in the amount not exceeding: 

 

	 	•	 	from January 1, 2016 - 5 (Five) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group; 


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 19 









	 	•	 	from January 1, 2017 - 4 (Four) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group; 


 

	 	•	 	from January 1, 2018 - 3 (Three) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group; 


 

	 	•	 	from January 1, 2019 until July 1, 2019 - 2 (Two) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group; 


 

	 	•	 	From July 1, 2019 - mentioned delay is not allowed. 

 8.2.17. If according to the latest
consolidated financial statements of the Mechel Group, revenue of any Trader exceeded 2.5 (two point five) percent of consolidated revenues of the Mechel Group to ensure conclusion of guarantees and / or guarantee agreement between the Lender and
such a Trader at a form agreed with the Lender, within 20 (Twenty) business days from the date specified in clause 8.6.2.4 of the Agreement. After conclusion of guarantees and / or guarantee, the corresponding Trader shall be deemed a Liable person.

 8.2.18. At the request of the Lender or the Deputy General Director, promptly (within terms specified in the relevant requirement) to
provide or ensure provision to the Lender, Deputy General Director and / or their representatives, auditors or other professional advisers, easy access to the premises, provided that the visitors stick to crossing regime and the regime of being at
the facility, assets, primary documents (in paper or electronic form) of the Borrower and Liable persons, including but not limited to the following information and / or documents: 

8.2.18.1. Information in respect of the Financial Indebtedness of the Mechel Group companies (including Intercompany debt), any commercial
debt of the Mechel Group companies (including commercial debt between the Mechel Group companies), issued guarantees and / or guarantees for liabilities of third parties not included in the Mechel Group, as well as obligations of the Mechel Group
companies to third parties. 
 8.2.18.2. Information and documents on compliance by the Borrower and / or Liable persons, with
financial obligations referred to in clause 8.2.11 of the Agreement. 
 8.2.18.3. Information and documents in respect of commercial debt of
the Mechel Group companies, including commercial debt between the Mechel Group companies. 
 8.2.18.4. Information on sale of products
including contracts for supply of goods concluded with end customers / consumers and the Mechel Group companies. 
 8.2.18.5. Information on
procurement of the Mechel Group companies, contracts with contractors and / or service companies for purchase of products and / or services. 

8.2.18.6. Information and documents in respect of cash flow of the Mechel Group companies, including information and documents on cash
balances on accounts of the Mechel Group companies in credit institutions, bank statements of the Mechel Group companies, information on all operations carried out on the accounts and made payments. 

8.2.18.7. Decisions taken by governing bodies of the Mechel Group companies, internal committees of the Mechel Group companies, as well as
information for consideration by internal committees of the Mechel Group companies and management bodies of the Mechel Group. 
 8.2.18.8.
Information on annual investment program of the Mechel Group including: 
  

	 	•	 	established limits of investment actions of the Mechel Group in the context of the Mechel Group companies; 

  

	 	•	 	information on projects under the approval stage; 

  

	 	•	 	indicators of the investment program implementation of the Mechel Group, including attracted (or planned to attract) funding, information on development and commissioning of major projects; 


 

	 	•	 	plan-fact analysis of performance of the annual investment program of the Mechel Group for each calendar month including basic parameters of the project according to attracted (or planned to attract) financing,
development and commissioning of basic objects, and in case of deviations of parameters from planned annual investment program of the Mechel Group, for 5 (Five) percent or more, detailed explanation of the reasons for such deviations and their
possible adjustment; 


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 20 









	 	•	 	information on taken or planned actualization of the budget of investment actions without changing annual investment program of the Mechel Group total budget and / or adjustments to the general budget of the annual
investment program of the Mechel Group; 

  

	 	•	 	calculation of economic performance indicators of the Mechel Group investment projects; 

  

	 	•	 	information on implementation of investment projects, including decisions on implementation of the corresponding investment project adopted in accordance with a schedule of set out in the framework of annual investment
program of the Mechel Group, deviations from the budget, schedule and scope of work carried out within the framework of the relevant investment project. 


8.2.18.9. Budgets of each of the Mechel Group companies and Budget of the Mechel Group. 

8.2.18.10. Plan / fact and analysis of execution of annual budget of each of the Mechel Group companies for each calendar month and, in the
case of deviations from the planned indicators in the Budget for 5 (Five) percent or more, detailed explanation of reasons for such deviations and their possible corrections. 

8.2.18.11. Information on conducted or planned update and / or adjustment of the annual Budget of the relevant Mechel Group company. 

8.2.18.12. Information and documents in relation to any claim made against any of the Mechel Group companies (including legal action, claim,
claim for payment and / or return of funds, labor dispute requirements, etc.), by third parties for the amount exceeding: for Southern Kuzbass OAO, Yakutugol OAO and ChMP PJSC – 50,000,000 (Fifty million) rubles for each company, for all other
Mechel Group companies - 10,000,000 (Ten million) rubles (for each). 
 8.2.18.13. Information and documents in respect to requirements of
tax authorities to the Mechel companies, as well as results of audits by tax authorities of the Mechel Group companies. 
 8.2.18.14.
Information on any claims made by public authorities to the Mechel Group companies.
 8.2.18.15. Information on acquisition / disposal of
property and other assets (including shares) of the Mechel Group companies, including information on sale of non-core assets of the Mechel Group companies. 

8.2.18.16. Information on licenses required for ordinary course of business of the Mechel Group companies. 

8.2.18.17. Information in respect of the share capital structure of the Mechel OAO to the level of the Beneficial owner. 

8.2.18.18. Information on transactions concluded by the Borrower and Liable persons with affiliated persons. 

8.2.18.19. Information on occurrence of any facts that may lead to significant deterioration of financial condition of the Borrower and / or
Liable persons. 
 8.2.19. Not later than March 31, 2016 (inclusive), to ensure conclusion between the Lender and Mechel OAO, Mechel Mining
OAO, Mechel Trans LLC, Mechel Service LLC, Mechel Energo LLC, Mechel International Holdings GmbH LLC, Mechel Coke LLC, agreement on preferential rights of the Lender (right of first refusal) in respect of assets listed in Appendix No. 7 to the
Agreement. 
 8.2.20. To ensure provision to the Lender of documents confirming conclusion between the Mechel Group companies and credit
institutions, in respect of which these Mechel Group companies have Financial Indebtedness, agreements on restructuring of the Financial Indebtedness of the Mechel companies and settlement of disputes related to such Financial Indebtedness: 

 

	 	i)	in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016 inclusively; 

  

	 	ii)	in respect of other Financial Indebtedness - until 30 June, 2016 inclusively. 

 8.2.21.
Not later than March 31, 2016 (inclusive), to provide duly certified by the Borrower confirmation of agreed with the Lender changes to constituent documents of the Borrower and Liable persons providing also the condition of special procedure of
approval of entity transactions on alienation and encumbrance of major assets, issue, gaining of credits and loans, and other significant transactions by unanimous decision of Board of the Borrower / Liable persons. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 21 








 8.2.22. To ensure, starting from April 01, 2016, quarterly flow of earnings (including advance
payments) on contracts of external and / or internal market to accounts of the Mechel Group companies of the Lender, in the amount determined as follows: 

Share of proceeds (including advance payments) on contracts (agreements) of external and / or internal market to their accounts of the Lender,
shall be equal to the share of the Lender in the existing Credit portfolio of the Mechel Group minus 1 (One) percent. Share in the Credit portfolio is calculated on the 1st (First) day of each month of the first reporting calendar quarter, and is
used to determine the required amount of revenue in the current calendar quarter. The Loan portfolio, for the purposes of this clause of the Agreement, means the amount of Financial Indebtedness, as that term is defined in clause 1.2 of the
Agreement. 
 8.2.23. To provide additional security in the amount of decrease in the value of pledge, or repay unsecured loan amount within
30 (Thirty) calendar days from the date of receipt of the relevant notification of the Lender, if during the term of the Agreement, the collateral value of pledged items specified in clause 9.1.1 - 9.1.10 of the Agreement, as a result of loss of the
object (s) of the pledge (due to loss, damage, shortage, disposal, theft, or for other reasons beyond the control of lender) became less than the total collateral value of pledge items specified in clause 9.1.1 - 9.1.10 of the Agreement, for
February 8, 2016. 
 8.2.24. Upon the occurrence of events / circumstances of default character, specified in clause 7.1.7, in part of any
of the guarantors and / or mortgagors on loan, to ensure replacement of guarantor(s) and / or pledged property for the same amount for 20 (Twenty) calendar days from receipt of a request of replacement of guarantor(s) and / or pledged property for
the same amount, from the Lender. At the same time the guarantor(s) and / or composition of the pledged property must be acceptable to the Lender and agreed by him. 

8.2.25. To replace / to ensure replacement of items of (a) the pledge that are land plots / rights to lease land plots with located or
building structures and facilities, being in pledge (that will be in pledge) under the Agreement, in accordance with clause 9.1.3, 9.1.7, 9.1.8 of the Agreement, within 30 (Thirty) business days from the date of publication in the print media,
intended for official publication of legal acts of state authorities of the Russian Federation, or official publication by the local government of municipality, on whose territories items of pledge are located, or posting on the official websites of
the highest executive body of state authority of the Russian Federation or a municipal formation in the information and telecommunication network “Internet”, of a report about planned withdrawal of the above items of pledge for public
needs. At the same time the type and composition of the proposed property for replacement must be reasonably acceptable to the Lender and agreed by him. 

8.2.26. To conclude (to ensure conclusion) an agreement of the Lender’s right to withdraw funds, without the order of the payer, in
repayment of overdue debt from new accounts of the Borrower and guarantors offered by the Lender, within 5 (Five) working days from the date of notification of the Lender on opening the new account. Notification of the Borrower about such a demand
is made in the manner provided by the Agreement. 
 8.2.27. Until complete fulfillment of obligations under the Agreement to the Lender, not
to fulfill (to ensure failure), without prior written consent of the Lender, of any action(s) with property pledged to the Lender, which lead to decrease in its value (except for proper operation). 

8.2.28. To notify the Lender in the manner provided by the Agreement, of possible occurrence of incidents and events, referred to in clause
7.1.7 of the Agreement, as well as about actual occurrence of these cases and events not later than 3 (Three) business days from the date following the date when the Borrower became aware of possible (actual) occurrence of the relevant event
(event). 
 8.2.29. To ensure alignment with the Lender of conditions of made between non-affiliated with the Borrower shareholders of the
Borrower, or affiliated with the Borrower shareholders of the Borrower, and third parties of corporate or another similar agreement / contract limiting its rights as a counterpart of the Lender, or in any other way affecting the ability to perform
its obligations under the Agreement, concluded / being concluded with the Lender contracts / agreements. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 22 








 8.2.30. To provide the Lender with duly certified documents (copies of protocols) confirming the
decision by the general meeting of shareholders of each of the Public companies of the Mechel Group, decisions on approval of entered into between the Lender and each of the Public companies of the Mechel Group, additional agreements that are
interested party transactions and / or major transactions to contracts providing provision to the Lender of security of the obligations of the Mechel Group companies, for all concluded with the Lender loan agreements (including the Agreement), with
amendments and additions as of February 10, 2016, when, in accordance with the laws, such decision of the question has been referred to competence of the general meeting of shareholders of Public Joint Stock Companies of the Mechel Group - within a
reasonable time, but not later than April 9, 2017 (inclusive). 
 In case that the Borrower provides, up to December 1, 2016, transactions
referred to in the first paragraph of this clause of the Agreement (without provision to the Lender of the documents confirming their approval), the period of performance of the obligation of the Borrower to provide the Lender with documents (copies
of protocols) confirming adoption by the general meeting of shareholders, by each of the Public companies of the Mechel Group, decisions on approval of the above-mentioned transactions concluded before December 1, 2016, transfers on June 30, 2018
(inclusive). 
 8.2.31. To provide the Lender with duly certified documents (copies of protocols) confirming the decision by the general
meeting of shareholders of each of the Public companies of the Mechel Group, decisions on approval of entered into between the Lender and each of the Public companies of the Mechel Group, additional agreements that are interested party transactions
and / or major transactions to contracts providing provision to the Lender of security of the obligations of the Mechel Group companies, for all concluded with the Lender loan agreements (including the Agreement), with amendments and additions as of
February 10, 2016, when, in accordance with the laws, such decision of the question has been referred to competence of the general meeting of shareholders of Public Joint Stock Company Mechel Group - within a reasonable time, but not later than
April 9, 2017 (inclusive). 
 To avoid any doubt, the Parties agreed that the breach of the obligation under this clause 8.2.31 of the
Agreement, is not a basis for application of clause 7.1.7 of the Agreement and recovery of damages from the Borrower. 
 8.2.32. In case of
alienation by the Borrower and / or the Mechel Group companies, once or in part, in one or a set of related transactions, whether for consideration or free of charge, with representation of proportionate or disproportionate compensation (counter)
belonging to the Borrower and / or the Mechel Group companies (including the Liable persons) in favor of third parties, Non-key assets of the Mechel Group, the obligation of the Borrower to repay outstanding loans (principal debt) of the
Agreement, becomes urgent to fulfill in terms of price, the proportionate share of loan debt (principal debt) of the Agreement in the amount of total debt of the Mechel Group on agreements providing loans to each of the following persons: the
Lender, GPB Bank (JSC) and VTB Bank (PJSC), as well as banks and financial institutions involved as lenders under: 
  

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed
with the Southern Kuzbass Coal Company OAO as a borrower; 

  

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed
with the Yakutugol HC OAO as a borrower, 

 determined (based on the certificate obtained in accordance with clause 8.2.6.11
of the Agreement) on the last date of the calendar month preceding alienation of Non-core assets of the Mechel Group. 
 The obligation
shall be enforceable not later than 20 (Twenty) business days from the date of receipt of payment from a new owner of the alienated Non-key assets of the Mechel Group. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 23 








 Non-key assets of the Mechel Group companies are specified in the Appendix 7 to the Agreement.

 «Article 9. SECURITY 

9.1. To ensure timely and full implementation of the Borrower obligations under the Agreement, including repayment of loan, interest,
Commission payments provided by terms of the Agreement, the Borrower shall provide / ensure the provision to the Lender: 
 9.1.1. Not later
than April 9, 2017 (inclusive) to pledge / subsequently pledge common shares of Open Joint Stock Company “Mechel Mining” (Mechel Mining OAO, address: Russia, 125993, Moscow, 1 Krasnoarmeyskaya Street, PSRN 1085406013846, TIN 5406437129),
belonging to the Mechel Group, pledged under the Pledge agreement No. 3-5703 dated December 19, 2013, concluded between the Lender and the Mechel OAO, with nominal value of 7.37 (seven 37/100) rubles per share, in the amount not less than 25 (Twenty
five) percent plus 1 (One) share of the total number of outstanding ordinary shares of the Mechel Mining OAO. 
 Later, in case of issuance
and placement of additional ordinary shares of the Mechel Mining OAO, the Borrower undertakes to ensure within 10 (Ten) business days from the date of registration of the report on issuance of shares in the authorized state bodies, provision to the
Lender as a pledge, such an amount of ordinary Mechel Mining OAO shares so that the share of ordinary shares of the Mechel Mining OAO, which are pledged to the Lender, would make after such issuance of additional shares, at least 25 (Twenty five)
percent plus 1 (One share of the total number of outstanding ordinary shares of the Mechel Mining OAO. 
 In case of release of Mechel
Mining OAO preferred shares and subsequent adoption by Mechel Mining OAO, of a decision to pay dividends on its own preferred shares, the Borrower shall, within 10 (Ten) business days from the date of decision of Mechel Mining OAO, on non-payment of
dividends on preferred shares, to ensure the provision to the Lender as collateral, of such a number of Mechel Mining OAO shares so that the part of voting shares of Mechel Mining OAO, which are pledged to the Lender, has not been less than 25
(Twenty five) percent plus 1 (One) share of the total number of voting shares of Mechel Mining OAO, while the part of the pledged ordinary shares shall be at least not less than 25 (Twenty five) percent plus 1 (One) share of the total number of
ordinary shares of Mechel Mining OAO. 
 9.1.2. Not later than April 9, 2017 (inclusive) to pledge / subsequently pledge movable property
owned by the Public Joint Stock Company “Chelyabinsk Metallurgical Plant” (ChMP PJSC, address: Russia, 454047, Chelyabinsk, 14 2nd Paveletskaya Street, TIN 7450001007, PSRN 1027402812777), which is the subject of pledge under the Pledge
agreement No.5321-ZAL-1 dated October 13, 2010, No.5321-ZAL-2 dated October 13, 2010, concluded between the Lender and the ChMP PJSC. 

9.1.3. Not later than March 9, 2017 (inclusive) to pledge / subsequently pledge immovable property owned by the Bratsk Ferroalloy Plant LLC,
that is the subject of pledge under the Mortgage agreement No.5321 / i-1 dated November 01, 2011, concluded between the Lender and the Bratsk Ferroalloy Plant LLC. 

9.1.4. Not later than April 9, 2016 (inclusive) to pledge / subsequently pledge common shares of Open Joint Stock Company “Mechel
Mining” (Mechel Mining OAO, address: Russia, 453500, Moscow, 1 Krasnoarmeyskaya Street, PSRN 1020201623716, TIN 0256006322), belonging to the Mechel Group, pledged under the Pledge agreement No. 3-5321 dated December 3, 11, concluded between
the Lender and the Mechel OAO, with nominal value of 2010 (seven 1) rubles per share, in the amount not less than 25 (Twenty five) percent plus 1 (One) share of the total number of outstanding ordinary shares of the Mechel Mining OAO. 

Later, in case of issuance and placement of additional ordinary shares of the Mechel Mining OAO, the Borrower undertakes to ensure within 10
(Ten) business days from the date of registration of the report on issuance of shares in the authorized state bodies, provision to the Lender as a pledge, such an amount of ordinary Mechel Mining OAO shares so that the share of ordinary shares of
the 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 24 








 
Mechel Mining OAO, which are pledged to the Lender, would make after such issuance of additional shares, at least 25 (Twenty five) percent plus 1 (One share of the total number of outstanding
ordinary shares of the Mechel Mining OAO. 
 In case of adoption by BMP OAO of a decision to pay dividends on its own preferred shares, the
Borrower shall, within 10 (Ten) business days from the date of decision of BMP OAO, on non-payment of dividends on preferred shares, to ensure the provision to the Lender as pledge/subsequent pledge of such a number of BMP OAO shares so that the
part of voting shares of BMP OAO, which are pledged/subsequently pledged to the Lender, has not been less than 25 (Twenty five) percent plus 1 (One) share of the total number of voting shares of BMP OAO, while the part of the pledged ordinary shares
shall be at least not less than 25 (Twenty five) percent plus 1 (One) share of the total number of ordinary shares of BMP OAO. 
 9.1.5. Not
later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the Limited Liability Company “Bratsk Ferroalloy Plant” (Bratsk Ferroalloy Plant LLC, address: Russian Federation,
Irkutsk region, 665716, Bratsk, P 101 11 01 00, PSRN 10338008455760, TIN 380450001), which is the subject of pledge under the Pledge agreement No.159 / z-1 dated October 14, 2010, No.160 / z-1 dated November 8, 2010, concluded between the Lender and
the Bratsk ferroalloy plant LLC. 
 9.1.6. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property
(including special equipment) owned by the Borrower, which is the subject of pledge according to the Pledge agreement No.DZ-13/1 dated March 25, 2010, No.DZ-13/2/1 dated August 31, 2010, No.DZ-13/3 dated March 17, 2014, No. Z-5593-5594-8507-8508
dated October 31, 2014, concluded between the Lender and the Borrower. 
 9.1.7. Not later than April 9, 2017 (inclusive) to pledge /
subsequently pledge immovable property owned by the Open Joint Stock Company “Izhstal” (Izhstal OAO, address: Russia, Udmurt Republic, 426006, Izhevsk, 6 Novoazhimova Street, PSRN 1021801435325, TIN 1826000655), that is the subject of
pledge under the Mortgage agreement No.31-3 dated February 13, 2009, No.186-Z dated July 6, 2009, No.119-Z dated July 22, 2010, concluded between the Lender and the of Izhstal OAO. 

9.1.8. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge immovable property owned by the Bratsk Ferroalloy Plant LLC,
that is the subject of pledge under the Mortgage agreement No.159 / i-1 dated November 25, 2010, concluded between the Lender and the Bratsk Ferroalloy Plant LLC. 

9.1.9. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the
Open Joint Stock Company “Korshunov Mining Plant” (KGOK OAO, address: Russian Federation, Irkutsk region, 665651, Zheleznogorsk-Ilimsky, 9, A/1 Ivashchenko Street, PSRN 1023802658714, TIN 3834002314), which is the subject of pledge under
the Pledge agreement No.028-029 / z-1 dated March 16, 2010, No.028-029 / z-2 dated March 16, 2010, No.028-029 / z-3 dated March 16, 2010, concluded between the Lender and KGOK OAO. 

9.1.10. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the
Open Joint Stock Company Holding Company Yakutugol (Yakutugol HC OAO), address: 678960 Republic of Sakha (Yakutia), Neryungri, 3/1 Lenina, PSRN 1021401009057, TIN 1434026980), which is the subject of pledge under the Pledge agreement No.17 dated
April 23, 2010, concluded between the Lender and Yakutugol OAO. 
 9.1.11. Not later than March 9, 2016 (inclusive) the guarantee of Mechel
OAO with a limit of responsibility not more than 5,300,000,000 (Five billion three hundred million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from
the Lender, to repay overdue debt under the Agreement. 
 9.1.12. Not later than April 9, 2016 (inclusive) the guarantee of Mechel OAO for
the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt
under the Agreement. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
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 9.1.13. Not later than March 9, 2016 (inclusive) the guarantee of Mechel Trans LLC (address:
Russian Federation, 117437, Moscow, Ostrovityanova Street, 9, build.4, PSRN 1027739053374, TIN 7728246919) for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to
debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

9.1.14. Not later than March 9, 2016 (inclusive) the guarantee of Mechel Service LLC (address: Russian Federation, 117437, Moscow, 35 Mishina
Street, PSRN 1057746840524, TIN 7704555837) for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts
opened from the Lender, to repay overdue debt under the Agreement. 
 9.1.15. Not later than March 9, 2016 (inclusive) the guarantee of
Bratsk Ferroalloy Plant LLC for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the
Lender, to repay overdue debt under the Agreement. 
 9.1.16. Not later than March 9, 2016 (inclusive) the guarantee of ChMK PJSC with a
limit of responsibility not more than 2,120,000,000 (Two billion one hundred and twenty million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the
Lender, to repay overdue debt under the Agreement. 
 9.1.17. Not later than April 9, 2016 (inclusive) the guarantee of ChMK PJSC for the
full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under
the Agreement. 
 9.1.18. Not later than March 9, 2016 (inclusive) the guarantee of Izhstal OAO with a limit of responsibility not more than
260,000,000 (Two hundred and sixty million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

 9.1.19. Not later than April 9, 2016 (inclusive) the guarantee of Izhstal OAO for the full amount of the Borrower’s obligations
under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

9.1.20. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO with a limit of responsibility not more than 600,000,000 (Six
hundred million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

9.1.21. Not later than April 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the
Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

9.1.22. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the
Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

9.1.23. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the
Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement. 

4. To state the first paragraph of clause 10.2 in the following edition 

“10.2. While late transfer payment to repay loan or pay interest to the Lender, the Borrower shall pay a penalty equal to the interest
rate applicable on the date of the arrears, and established in accordance with terms of the Agreement, multiplied by 1.5 (One point five) times, in percent per annum. Penalty is charged on the overdue amount for each day of the delay from the date
of 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 26 








 
occurrence of the overdue debt (excluding that date) to the date of full repayment of the overdue debt (inclusive). At the same time interest for credit usage stated in the Agreement, on the
overdue amount, is not charged from the date following the date of repayment of the corresponding payment. 
 5 To state the first paragraph
of clause 10.5 in the following edition 
 “10.5. In each case / in default of the Borrower to perform each of the obligations under
the Agreement, shown in the table in this clause of the Agreement, on demand of the Lender, the Borrower shall, in accordance with clause 7.1.11 of the Agreement, pay a penalty in the amount specified in the table, to the Lender. 

 

			
	 Number of the Agreement clause
	  	 Size of penalty

	8.2.5, 8.2.6, 8.2.10, 8.2.26	  	 5,000 (Five thousand) rubles for each day of failure

to perform obligations

	 8.2.7, 8.2.8, 8.2.9, 8.2.13, 8.2.14, 8.2.15,

8.2.17, 8.2.22, 8.2.28, 8.2.29 of clause 1 of the

Appendix No. 6 to the Agreement.
	  	 150,000 (One hundred and fifty thousand) rubles for

each case of failure to perform obligations,

but not more than 1,000,000 (One million) rubles per

year in total


 The penalty shall be paid within 5 (Five) business days from the date of receipt of the relevant notification
of payment of the penalty. 
 6. 13.1 in the following edition 

“13.1. All changes and additions to the Agreement, except in the cases specified in clause 4.1, 7.1.1, 7.1.2 of the Agreement, are valid
only if they are made in writing and signed by authorized persons. 
 7. 13.1 in the following edition 

“13.9. Appendixes No. 1, No. 2, No.3, No.4, No.5, No.6, No.7, No.8 to the Agreement are its integral part. 

8. Supplement the Article 13 of the Agreement with clause 13.11 as follows: 

“13.11. Provisions of Article 317.1 of the Civil Code of the Russian Federation shall not apply to monetary obligations of the Parties
under the Agreement”. 
 9. The Borrower confirms, represents and warrants that on the date of the Additional Agreement: 

9.1. Pledgor(s) of the pledged property is (are) its full legal owner(s) or person(s), otherwise duly entitled thereto to dispose it.

 9.2. There are no encumbrances of the pledged property by third party rights, except for encumbrances in favor of the Lender. 

9.3. The pledged property does not apply to the property of mobilization purpose or the object of civil defense. 

9.4. As far as it is known to the Borrower, between its shareholders and its shareholders and third parties there have not concluded any
corporate or other similar agreement limiting its rights as a counterparty of the Lender, or in any other way affect possibility of conclusion or fulfillment of obligations under the Agreement, as well as other signed with the Lender contracts. 

10. To state the Appendix No. 3 in the version of Appendix No. 1 to the Additional Agreement, Appendix No. 4 in the version of Annex No. 2 to
the Additional Agreement, Appendix No. 5 in the version of Annex No. 3 to the Additional Agreement, Appendix No. 6 in the version of Appendix No. 4 to the Additional Agreement, and supplement the Agreement with Appendix No. 7 in the version of
Appendix No. 5 to the Additional Agreement. 
 11. The Additional Agreement shall enter into force on the date of its signing, it extends
its action to relations between the Parties from January 01, 2016, and it is an integral part of the Agreement. Appendixes No. 1, No. 2, No. 3, No. 4, No. 5, No. 6 to the Additional Agreement are its integral part. 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 27 








 12. Each condition of the Additional Agreement or terms of the Agreement, as amended by this
Additional Agreement, is essential for the Parties - the Parties recognize them as essential terms in the sense of Art. 432 of the Civil Code of the Russian Federation. Invalidity of any of the provisions of the Additional Agreement or any of the
provisions of the Agreement, as amended by this Additional Agreement, shall entail the invalidity of the Additional Agreement as a whole, because the Additional Agreement could not concluded by the Parties in the absence of the invalid provision.

 13. Procedure for termination of the Additional Agreement is set out in the Appendix No. 6 to the Amendment. 

14. The Additional agreement is executed in 2 (two) copies of equal legal force, one for the Lender and the Borrower. 

Addresses and details of Parties 

Lender: 
 Address: Russian Federation, Moscow. 

Address and postal address: 117997 Moscow, Vavilova Street, 19. 

E-mail address: mechel@sberbank.ru. 
 TIN 7707083893, PSRN
1027700132195, PPC 775001001, OKPO 00032537. 
 For transfers in rubles: account 30301810000006000014, c/a No.30101810400000000225 in the Main
Administration of the State Bank of Russia for the Central Federal District, RCBIC 044525225. 
 For transfer in US dollars: Acc. No. 30301840300006000014
Sberbank, Moscow, SWIFT SABRRUMM (HEAD OFFICE – ALL OFFICES in RUSSIA) BANK OF NEW YORK MELLON NEW YORK, NY, SWIFT IRVT US 3N 
 For transfer in EURO:
Acc. No. 30301978900006000014 Sberbank, Moscow, SWIFT SABRRUMM (HEAD OFFICE – ALL OFFICES in RUSSIA) DEUTSCHE BANK AG FRANKFURT AM MAIN, SWIFT DEUTDEFF. 

Telephone: (495) 957-55-63. Fax: (495) 957-55-68. 
 Borrower:

 Address: Russian Federation, address: Russian Federation, the Kemerovo region, Mezhdurechensk. 

Address and postal address: Russian Federation, address: Russian Federation, the Kemerovo region, 652877 Mezhdurechensk, Yunosti Street, 6. 

E-mail address: corpfin@mechel.com. 
 TIN 4214000608, PSRN
1024201388661, PPC 421401001, OKPO 26644096. 
 Current account No. 40702810026070100405 in the Kemerovo branch No.8615 of Sberbank PJSC. 

Phone: 8 (38475) 7-22-00 (information), 7-22-37. Fax: 8 (38475) 7-22-41. 

Signatures of Parties 
  

									
	Lender:	 		 		 	Borrower:	 	
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 		 	L.S.	 	


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 28 








 Appendix No.1 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Appendix No. 3 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Planned supplementary security of transactions concluded by the Mechel Group companies for restructuring of Financial Indebtedness to credit
institutions during the effective term of credit agreements concluded between the Lender and the Borrower included in the Mechel Group 
  

	 	1)	Additional security provided by the Mechel Group on obligations to the GPB (JSC): 

 Pledge 25% of
the Yakutugol HC OAO shares 
 Pledge 25% of the Urals Stampings Plant OAO shares 

Pledge 25%+1 share of the ChMK PJSC 
 Pledge 25%+1 share of the
BMP OAO 
 Pledge 25%+1 share of the Posiet Port OAO 
 Pledge
25% of the Port Mechel Temryuk LLC shares 
 Pledge 25% of BFP OAO shares 

Pledge 25%+1 share of the Mechel Mining OAO 
 Pledge 20% of the
Southern Kuzbass OAO shares 
 Mortgage on property complex of the Ulak-Elga railway 

Sureties in range of 2% BVA: 
 Urals Stampings Plant (UralKuz)

 ChMK PJSC 
 BMK OAO 

KGOK OAO 
 Posiet Port OAO 

Mechel Carbon AG 
 Mechel OAO 

Southern Kuzbass OAO 
 Sureties for 100% (subject to appropriate
approval): 
 Urals Stampings Plant (UralKuz) 
 ChMK PJSC 

Mechel OAO 
 BMK OAO 

Mechel Service Global (MSG) 
 Mechel Energo LLC 

Mechel Mining OAO 
 Yakutugol HC OAO 

Southern Kuzbass OAO 
 Mechel Coke LLC 

 

	 	2)	Additional security provided by the Mechel Group on obligations to the VTB (PJSC): 

 Surety for
the full value of the Mechel OAO (subject to appropriate approval) 
 Surety for the full value of the Southern Kuzbass OAO (subject to appropriate approval)

 Surety for the full value of the ChMK PJSC (subject to appropriate approval) 

Pledge 5% of preferred shares of the Mechel OAO (subject to appropriate approval) 

Pledge 21.66% of ordinary shares - 2 ChMK PJSC 
 Pledge 25% of
ordinary shares + 1 Urals Stampings Plant (UralKuz) OAO 

  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 29 









	 	3)	Additional security provided by the Mechel Group on liabilities to banks and financial institutions involved as lenders under 


 

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with
the Southern Kuzbass Coal Company OAO as a borrower; 

  

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with
the Yakutugol HC OAO as a borrower; 

 Surety to the ChMK PJSC in range of 2% BVA 

Surety to the Urals Stampings Plant (UralKuz) OAO in range of 2% BVA 

Surety to Mechel Trading AG 
 Pledge of property of ChMK PJSC for
amount of 2% BVA 
 Pledge 25%-1 share of the ChMK PJSC 
 Pledge
25%+1 share of the BMP OAO 
 Pledge 25%+1 share of the Posiet Port OAO 

Pledge 25% of the Port Mechel Temryuk LLC shares 
  

	 	4)	Additional security provided by the Mechel Group on obligations to the BANK URALSIB PJSC: 

 Surety
to the Izhstal OAO in range of 2% BVA 
 Pledge of property of the Izhstal OAO in range of 2% BVA 

 

	 	5)	Additional security provided by the Mechel Group on obligations to the OBRAZOVANIE (JSC): 


non-residential premises located at: 94 Aviatorov Street, Novokuznetsk (original price: 2,172,835.00 rubles, residual price for 01.12.2015: 1,967,080.25
rubles) and non-residential premises located at: 35 Gorkovskaya Street, Novokuznetsk (original price: 663,998.00 rubles, residual price for 01.12.2015: 588,048.81 rubles) 
  

	 	6)	Additional security provided by the Mechel Group on obligations to the BNP PARIBAS BANK JSC under the agreement on a loan dated September 15, 2010 No. n / n in the amount of 219,444,500.00 (Two hundred nineteen
million four hundred and forty-four thousand five hundred) US dollars and 192,000,000.00 (one hundred and ninety two million) Euros, concluded with ChMK PJSC as a borrower: 


Additional pledge of equipment, mortgage of buildings, structures as commissioning (in strict accordance with the terms of the loan agreement dated
15.09.2010). 
 Signatures of Parties 
  

									
	Lender:	 		 	Borrower:
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 		 	L.S.	 	


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 30 








 Appendix No.2 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Appendix No. 4 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Judicial, arbitration, administrative proceedings of the Mechel Group as of January 25, 2016 

 

																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 1
	  	VTB Bank OAO	  	Southern Kuzbass OAO 
Yakutugol HC OAO 
Mechel Mining OAO	  	Arbitration	  	 Moscow City
 Arbitration Court
	  		  	A40-84670/2015	  	Payment of monetary funds	  	RUR	  	 	1,882,095,725.51	  	  		  	
	 2
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO 
Yakutugol HC OAO 
Mechel Mining OAO 
Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	22/12/2014	  	A40-159730/2014	  	Payment of monetary funds	  	RUR	  	 	436,213,084.38	  	  		  	
	 3
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO 
Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-61208/2015	  	Payment of monetary funds	  	RUR	  	 	392,047,319.14	  	  		  	
	 4
	  	Sberbank of Russia OAO, Mechel Trans LLC	  	Southern Kuzbass OAO	  	Arbitration	  	The Arbitration Court of the Novosibirsk region	  	16/12/2014	  	A45-20227/2014	  	Payment of monetary funds	  	RUR	  	 	386,992.87	  	  		  	
	 5
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO 
Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  	10/07/2015	  	A40-140658/2014	  	Payment of monetary funds	  	RUR	  	 	285,614,695.48	  	  		  	
	 6
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	16/09/2015	  	A45-6589/2015	  	Payment of monetary funds	  	RUR	  	 	24,068,790.82	  	  		  	
	 7
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	10/07/2015	  	A45-18028/2014	  	Payment of monetary funds	  	RUR	  	 	14,546,451.02	  	  		  	
	 8
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	16/09/2015	  	A45-6591/2015	  	Payment of money, transfer of property	  	RUR	  	 	9,090,903.05	  	  	Gas separating complex of the MV-0,9 type 
Mobile crushing plant on crawlers Gipobak V 1170 FDR
Body shop 489535
Tanker NEFAZ-66062-10
Tanker NEFAZ-66062-10 
UKB-5C on chassis URAL-4320-1951-40
Auto-loader
KOMATSU FD160E-8	  	









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 9
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	24/08/2015	  	A45-6321/2015	  	Payment of money, transfer of property	  	RUR	  	 	3,088,679.39	  	  	Loader Komatsu WA470-3
Suburban bus NEFAZ-5299-11-33
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus
NEFAZ-4208-11-13
Combined machine KO-829A1
Autohydraulic hoist KAMAZ-65115-62 VS-28K
Tanker NEFAZ-66065-10
Tanker NEFAZ-66062-10	  	
	 10
	  	Sberbank Leasing CJSC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	21/09/2015	  	A45-6590/2015	  	Payment of money, transfer of property	  	RUR	  	 	1,634,725.34	  	  	Universal wheeled bulldozer 
“Kirovets” K-702MBA-01-BKU 
Single-bucket rubber-tired loader “Kirovets” 3060	  	
	 11
	  	Rudservice LLC	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  		  	 A27-473/2015
 (integrated with the
case A27-6966 / 2015)
	  	Payment of monetary funds	  	RUR	  	 	11,780,420,196.52	  	  		  	
	 12
	  	Uralmashzavod OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	17/11/2015	  	A27-12382/2015	  	Payment of monetary funds	  	RUR	  	 	64,352,113.35	  	  		  	
	 13
	  	LLC “RDE “Factory of MDU”	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	22/04/2015	  	A27-18607/2014	  	Payment of monetary funds	  	RUR	  	 	54,533,778.13	  	  		  	
	 14
	  	Administration of the Novokuznetsk municipal district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	28/04/2015	  	A27-12068/2014	  	Payment of monetary funds	  	RUR	  	 	9,951,570.96	  	  		  	
	 15
	  	Credimundi NV - Member of the CREDENDO Group	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	The case is closed by the court ruling	  	A27-1875/2015	  	Payment of monetary funds	  	RUR	  	 	41,803,018.41	  	  		  	
	 16
	  	Uralmashzavod OAO	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	20/10/2015	  	A27-9546/2015	  	Payment of monetary funds	  	RUR	  	 	31,424,720.11	  	  		  	
	 17
	  	BVC-Ugol LLC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	15/12/2014	  	A27-15748/2014	  	Payment of monetary funds	  	RUR	  	 	12,922,608.13	  	  		  	
	 18
	  	YurMP LLC	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	25/08/2014	  	A27-11397/2014	  	Payment of monetary funds	  	RUR	  	 	12,594,585.46	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 32 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 19
	  	SAVEN ENTERPRISES LTD.	  	Southern Kuzbass OAO 
Tomusinsky Open-Pit Mine JSC	  	Arbitration	  	The Arbitration court of West Siberian District	  		  	A27-18864/2013	  	Payment of monetary funds	  	RUR	  	 	16,405,374,386.40	  	  		  	
	 20
	  	Rudservice LLC	  	Southern Kuzbass OAO 
Tomusinsky Open-Pit Mine JSC	  	Arbitration	  	8 Arbitration Court of Appeal	  	05/08/2015	  	A27-24543/2014	  	Payment of monetary funds	  	RUR	  	 	7,039,874,653.28	  	  		  	
	 21
	  	Rudservice LLC	  	Southern Kuzbass OAO	  	Arbitration	  	7 Arbitration Court of Appeal	  	14/09/2015	  	A27-23415/2014	  	Payment of monetary funds	  	RUR	  	 	4,204,942,519.21	  	  		  	
	 22
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO 
Mechel Mining OAO 
KGOK OAO	  	Arbitration	  	9 Arbitration Court of Appeal	  	18/05/2015	  	A40-159790/2014	  	Payment of monetary funds	  	RUR	  	 	39,721,470.45	  	  		  	
	 23
	  	Caterpillar Financial LLC	  	Southern Kuzbass OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-128210/2015	  	Payment of monetary funds	  	USD	  	 	315,516.38	  	  	bulldozer CAT D9R, bulldozer CAT 834H, bulldozer CAT D10T	  	
	 24
	  	Uralmashzavod OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	28/10/2015	  	A27-16808/2015	  	Payment of monetary funds	  	USD	  	 	621,605.16	  	  		  	
	 25
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Moscow City Arbitration Court	  	Settlement Agreement from 21/12/2015	  	A40-187416/2015	  	Payment of monetary funds	  	RUR	  	 	1,698,922,048.99	  	  		  	
	  	  	  	  	  	  	  	  	USD	  	 	273,070,874.78	  	  	  
	 26
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Moscow City Arbitration Court	  	Settlement Agreement from 21/12/2015	  	A40-187451/15	  	Payment of monetary funds	  	USD	  	 	224,078,637.62	  	  		  	
	 27
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Moscow City Arbitration Court	  	Settlement Agreement from 21/12/2015	  	A40-187413/2015	  	Payment of monetary funds	  	RUR	  	 	1,595,699,687.80	  	  		  	
	  	  	  	  	  	  	  	  	USD	  	 	171,921,207.12	  	  	  
	 28
	  	Sberbank of Russia OAO	  	Southern Kuzbass OAO	  	Arbitration	  	Moscow City Arbitration Court	  	Settlement Agreement from 21/12/2015	  	A40-187412/2015	  	Payment of monetary funds	  	USD	  	 	50,979,848.86	  	  		  	
	 29
	  	Energocomplex ETC LLC	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	Settlement Agreement from 18/12/2015	  	A27-14137/2015	  	Payment of monetary funds	  	RUR	  	 	10,293,932.38	  	  		  	
	 30
	  	MPMC of the Myskovo city district administration	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  		  	A27-20653/2015	  	Payment of monetary funds	  	RUR	  	 	35,194,297.19	  	  		  	
	 31
	  	Administration of the Novokuznetsk municipal district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  		  	A27-18784/2015	  	Payment of monetary funds	  	RUR	  	 	38,720,507.30	  	  		  	
	 32
	  	MPMC of the Myskovo city district administration	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  		  	A27-20722/2015	  	Payment of monetary funds	  	RUR	  	 	23,328,204.75	  	  		  	
	 33
	  	URALSIB Leasing company LLC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court	  	26/06/2015	  	A40-134589/14	  	Payment of monetary funds	  	RUR	  	 	130,188,247.19	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 33 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 34
	  	Sberbank Leasing CJSC	  	 Yakutugol HC OAO
 Mechel Mining OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	10/07/2015	  	A40-137923/14	  	Payment of monetary funds	  	RUR	  	 	297,618,381.75	  	  		  	
	 35
	  	Sberbank Leasing CJSC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court	  	19/05/2015	  	A40-137934/14	  	Payment of monetary funds	  	RUR	  	 	143,963,494.09	  	  		  	
	 36
	  	Ural Heavy Machine Building Plant OAO	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	12/11/2014	  	A58-5636/14	  	Payment of monetary funds	  	RUR	  	 	15,875,947.15	  	  		  	
	 37
	  	Sberbank Leasing CJSC	  	 Yakutugol HC OAO
 Mechel Mining
OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	10/07/2015	  	A40-155735/14	  	Payment of monetary funds	  	USD	  	 	3,021,266.15	  	  		  	
	  	  	  	  	  	  	  	  	RUR	  	 	998,074.82	  	  	  
	 38
	  	Weir Minerals RFW LLC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	17/04/2015	  	A58-8227/14	  	Payment of monetary funds	  	RUR	  	 	20,493,044.39	  	  		  	
	 39
	  	Ural Heavy Machine Building Plant OAO	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	16/02/2015	  	A58-8240/14	  	Payment of monetary funds	  	RUR	  	 	50,455,964.66	  	  		  	
	 40
	  	Ural Heavy Machine Building Plant OAO	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	26/05/2015	  	A58-1462/15	  	Payment of monetary funds	  	RUR	  	 	56,385,411.94	  	  		  	
	 41
	  	Sberbank Leasing CJSC	  	 Yakutugol HC OAO
 Mechel Mining OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	12/10/2015	  	A40-61992/15	  	Payment of money, transfer of property	  	RUR	  	 	168,322,642.05	  	  	11 BelAZ dump trucks	  	
	 42
	  	Sberbank Leasing CJSC	  	 Yakutugol HC OAO
 Mechel Mining OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	10/09/2015	  	A40-62069/15	  	Payment of money, transfer of property	  	RUR	  	 	243,678,066.03	  	  	17 BelAZ dump trucks	  	
	 43
	  	Eurasian Development Bank	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	17/09/2015	  	A58-2716/15	  	Payment of monetary funds	  	RUR	  	 	1,985,103,772.77	  	  		  	
	 44
	  	Ural Heavy Machine Building Plant OAO	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	22/09/2015	  	A58-3300/15	  	Payment of monetary funds	  	RUR	  	 	47,054,105.56	  	  		  	
	 45
	  	Sberbank Leasing CJSC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	15/06/2015	  	A58-1674/15	  	Payment of money, transfer of property	  	RUR	  	 	3,457,151.91	  	  	Frame membrane hangar	  	
	 46
	  	Sberbank Leasing CJSC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court	  	04/09/2015	  	A40-62071/15	  	Payment of money, transfer of property	  	RUR	  	 	189,214,984.18	  	  	40 BelAZ dump trucks	  	
	 47
	  	Sberbank Leasing CJSC	  	 Yakutugol HC OAO
 Mechel Mining
OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	13/10/2015	  	A40-61374/15	  	Payment of money, transfer of property	  	USD	  	 	4,522,457.15	  	  	Dragline crawler excavator	  	
	  	  	  	  	  	  	  	  	RUR	  	 	4,154,085.26	  	  	  
	 48
	  	Tomusinsky Open-Pit Mine JSC	  	Yakutugol HC OAO	  	Arbitration	  	Arbitration Court attached to 
Mechel OAO	  	Settlement Agreement from 09/10/2015	  	TC-202/2015	  	Payment of monetary funds	  	RUR	  	 	1,003,153,401.71	  	  		  	
	 49
	  	Sberbank of Russia OAO	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	03/11/2015	  	A58-3296/15	  	Payment of monetary funds	  	RUR	  	 	2,868,359.41	  	  		  	
	 50
	  	Ural Heavy Machine Building Plant PJSC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  		  	A58-5651/15	  	Payment of monetary funds	  	RUR	  	 	47,836,815.74	  	  		  	
	 51
	  	URALSIB Leasing company LLC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-186906/15	  	Payment of monetary funds	  	RUR	  	 	46,998,415.90	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 34 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 52
	  	Ural Heavy Machine Building Plant PJSC	  	Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  		  	A58-161/16	  	Payment of monetary funds	  	RUR	  	 	62,513,255.52	  	  		  	
	 53
	  	Eurasian Development Bank	  	Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  	An agreement on the peaceful settlement of the dispute was reached.	  	A40-91254/2015	  	Payment of monetary funds	  	RUR	  	 	2,007,753,133.05	  	  		  	
	 54
	  	VTB Bank	  	Mechel Carbon AG	  	Arbitration	  		  		  		  	Payment of monetary funds	  	CHF	  	 	190,920,704.6	  	  	-	  	
	 55
	  	VTB Bank	  	Mechel Carbon AG	  	Arbitration	  		  		  		  	Payment of monetary funds	  	CHF	  	 	111,000,228.00	  	  	-	  	
	 56
	  	VRK-3 OAO	  	Mechel Trans LLC	  	Arbitration	  	Arbitration Court of Moscow	  	23/12/2016	  	A40-211791/2014	  	Payment of monetary funds	  	RUR	  	 	17,162,329.49	  	  		  	
	 57
	  	FEDERAL FREIGHT JSC	  	Mechel Trans LLC	  	Arbitration	  	Arbitration Court of Moscow	  		  	A40-200849/2015	  	Payment of monetary funds	  	RUR	  	 	2,618,564,304.25	  	  		  	
	 58
	  	Sberbank of Russia OAO	  	Mechel Trans LLC	  	Arbitration	  	Arbitration Court of Moscow	  	18/12/2015	  	A40-110111/2015	  	Payment of monetary funds	  	RUR	  	 	95 393 620,94	  	  		  	
	 59
	  	FEDERAL FREIGHT JSC	  	Mechel Trans LLC	  	Arbitration	  	Arbitration Court of Moscow	  		  	A40-211518/15	  	Payment of monetary funds	  	RUR	  	 	149 315 670,40	  	  		  	
	 60
	  	Lenenergo OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	13 Arbitration Court of Appeal	  	23/07/2015	  	A56-11904/2015	  	Payment of monetary funds	  	RUR	  	 	67 621 499,92	  	  		  	
	 61
	  	Interregional distributive grid company of Siberia OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	7 Arbitration Court of Appeal	  	07/09/2015	  	A27-2262/2015	  	Payment of monetary funds	  	RUR	  	 	20,575,981.13	  	  		  	
	 62
	  	Interregional distributive grid company of Siberia OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	8 Arbitration Court of Appeal	  	07/08/2015	  	A27-2508/2015	  	Payment of monetary funds	  	RUR	  	 	74,838,569.97	  	  		  	
	 63
	  	Interregional Distributive Grid Company of Urals OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	18 Arbitration Court of Appeal	  	11/11/2015	  	A76-27348/2014	  	Payment of monetary funds	  	RUR	  	 	16,077,636.62	  	  		  	
	 64
	  	Interregional Distributive Grid Company of Urals OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	29/10/2015	  	A76-17224/2015	  	Payment of monetary funds	  	RUR	  	 	123,708,988.42	  	  		  	
	 65
	  	Federal Grid Company of Unified Energy System OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	9 Arbitration Court of Appeal	  	05/10/2015	  	A40-177728/2014	  	Payment of monetary funds	  	RUR	  	 	15,085,496.19	  	  		  	
	 66
	  	Federal Grid Company of Unified Energy System OAO	  	MECHEL ENERGO LLC	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-193285/2015	  	Payment of monetary funds	  	RUR	  	 	138,809,018.70	  	  		  	
	 67
	  	NOVATEK-Chelyabinsk LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-32452/2015	  	Payment of monetary funds	  	RUR	  	 	97,032,856.24	  	  		  	
	 68
	  	Teplosnab LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-22803/2014	  	Payment of monetary funds	  	RUR	  	 	19,077,650.66	  	  		  	
	 69
	  	NOVATEK-Chelyabinsk LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-24296/2015	  	Payment of monetary funds	  	RUR	  	 	71,137,417.15	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 35 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 70
	  	NOVATEK-Chelyabinsk LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-28920/2015	  	Payment of monetary funds	  	RUR	  	 	20,609,591.39	  	  		  	
	 71
	  	Kaskad LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-24332/2015	  	Payment of monetary funds	  	RUR	  	 	37 910 405,08	  	  		  	
	 72
	  	Trade House “Poliflok” LLC	  	MECHEL ENERGO LLC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	15/12/2015	  	A41-83642/2015	  	Payment of monetary funds	  	RUR	  	 	34 441 640.56	  	  		  	
	 73
	  	Magnezit Group LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-13233/2015	  	Payment of monetary funds	  	RUR	  	 	107 949 204.69	  	  		  	
	 74
	  	Magnezit Group LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-13233/2015	  	Payment of monetary funds	  	RUR	  	 	50,352,661.20	  	  		  	
	 75
	  	Magnezit Group LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-13233/2015	  	Payment of monetary funds	  	RUR	  	 	33,273,618.40	  	  		  	
	 76
	  	ZMZ OAO	  	ChMK PJSC	  	Arbitration	  	Arbitration Court attached to 
Mechel OAO	  		  	TS-196/2015	  	Payment of monetary funds	  	RUR	  	 	69,064,974.89	  	  		  	
	 77
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	06/08/2015	  	A76-7253/2015	  	Payment of monetary funds	  	RUR	  	 	52,394,487.83	  	  		  	
	 78
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	02/10/2015	  	A76-15092/2015	  	Payment of monetary funds	  	RUR	  	 	452 959 265,87	  	  		  	
	 79
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	28/08/2015	  	A76-17388/2015	  	Payment of monetary funds	  	RUR	  	 	16,314,943.02	  	  		  	
	 80
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	08/10/2015	  	A76-20626/2015	  	Payment of monetary funds	  	RUR	  	 	415 686 260,00	  	  		  	
	 81
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	05/11/2015	  	A76-21576/2015	  	Payment of monetary funds	  	RUR	  	 	108 293 161,96	  	  		  	
	 82
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	06/11/2015	  	A76-23195/2015	  	Payment of monetary funds	  	RUR	  	 	433,512,648.00	  	  		  	
	 83
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	11/11/2015	  	A76-23195/2015	  	Payment of monetary funds	  	RUR	  	 	19 500 098,52	  	  		  	
	 84
	  	RTIC LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	23/10/2015	  	A76-13046/2015	  	Payment of monetary funds	  	RUR	  	 	20,007,987.86	  	  		  	
	 85
	  	RIP LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	01/10/2015	  	A76-17422/2015	  	Payment of monetary funds	  	RUR	  	 	17 416 010,64	  	  		  	
	 86
	  	Trading House BKO LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Novgorod region	  	09/09/2015	  	A44-4634/2015	  	Payment of monetary funds	  	RUR	  	 	10,298,831.88	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 36 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	 Type of decision
(judicial
/
arbitration /
administrative)
	  	 Body that

approved
	  	 Date of
decision
	  	 Number of

decision
	  	 Type of levy
(payment of money,
transfer
of
property, etc.)
	  	 Currency
	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 87
	  	Karelsky okatysh JSC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of Moscow	  	19/11/2015	  	A40-115508/2015	  	Payment of monetary funds	  	RUR	  	 	86,891,141.06	  	  		  	
	 88
	  	MUP POVV	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-14307/2015	  	Payment of monetary funds	  	RUR	  	 	10,326,892.02	  	  		  	
	 89
	  	Triada LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	17/09/2015	  	A76-16624/2015	  	Payment of monetary funds	  	RUR	  	 	10,919,086.23	  	  		  	
	 90
	  	Uraldomnoremont-Ekaterinburg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	29/10/2015	  	A76-16159/2015	  	Payment of monetary funds	  	RUR	  	 	62 978 488,83	  	  		  	
	 91
	  	Uraldomnoremont-Ekaterinburg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	10/10/2015	  	A76-17705/2015	  	Payment of monetary funds	  	RUR	  	 	11,499,472.66	  	  		  	
	 92
	  	Uraldomnoremont-Ekaterinburg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	09/12/2015	  	A76-24245/2015	  	Payment of monetary funds	  	RUR	  	 	28 845 692,75	  	  		  	
	 93
	  	Magnezit Montazh Service LLC (MMS LLC)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-22597/2015	  	Payment of monetary funds	  	RUR	  	 	43 375 651,99	  	  		  	
	 94
	  	Magnezit Montazh Service LLC (MMS LLC)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	10/12/2015	  	A76-18310/2015	  	Payment of monetary funds	  	RUR	  	 	31 042 051,96	  	  		  	
	 95
	  	Santehsistemyservis LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	25/09/2015	  	A76-18888/2015	  	Payment of monetary funds	  	RUR	  	 	9,148,360.53	  	  		  	
	 96
	  	Santehsistemyservis LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	02/11/2015	  	A76-20367/2015	  	Payment of monetary funds	  	RUR	  	 	14,330,163.66	  	  		  	
	 97
	  	MUP ChKTS	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-19893/2015	  	Payment of monetary funds	  	RUR	  	 	10,581,604.98	  	  		  	
	 98
	  	Russian Mining Chemical Company LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-22604/2015	  	Payment of monetary funds	  	RUR	  	 	36 399 328,23	  	  		  	
	 99
	  	Fortum OAO	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-22928/2015	  	Payment of monetary funds	  	RUR	  	 	21 770 070,24	  	  		  	
	 100
	  	Lomtorg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	14/12/15	  	A76-23207/2015	  	Payment of monetary funds	  	RUR	  	 	21 343 450,86	  	  		  	
	 101
	  	Minmetals	  	ChMK PJSC	  	Arbitration	  	Stockholm arbitration	  		  	V2014/162	  	Payment of monetary funds	  	RUR	  	 	299,489,403.00	  	  		  	
	  	  	  	  	  	  	  	  	USD	  	 	136 785 197,00	  	  		  	
	 102
	  	VTB-Factoring LLC	  	Mechel Service Global (MSG) 
ChMK PJSC	  	Arbitration	  	Arbitration Court of Moscow	  	Settlement Agreement from 26/08/2015	  	A40-175773/2014	  	Payment of monetary funds	  	RUR	  	 	954,287,975.60	  	  		  	
	 103
	  	Sberbank of Russia OAO	  	ChMK PJSC 
Izhstal OAO	  	Arbitration	  	Arbitration Court of the Udmurt republic	  	31/12/2015	  	A71-8039/2015	  	Payment of monetary funds	  	RUR	  	 	24,746,311.99	  	  		  	
	 104
	  	Spetsstroy-2 CJSC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	10/12/2015	  	A76-24082/2015	  	Payment of monetary funds	  	RUR	  	 	10,512,342.66	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 37 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	
Type of levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 105
	  	Uraldomnoremont-Ekaterinburg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	23/12/2015	  	A76-25134/2015	  	Payment of monetary funds	  	RUR	  	 	24,461,000.22	  	  		  	
	 106
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	03/12/2015	  	A76-25589/2015	  	Payment of monetary funds	  	RUR	  	 	21,027,961.16	  	  		  	
	 107
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	03/12/2015	  	A76-25891/2015	  	Payment of monetary funds	  	RUR	  	 	527,040,279.68	  	  		  	
	 108
	  	IE Baglyukov A.V.	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-26453/2015	  	Payment of monetary funds	  	RUR	  	 	28,504,477.38	  	  		  	
	 109
	  	IE Kharisova E.F.	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-26463/2015	  	Payment of monetary funds	  	RUR	  	 	29,708,757.08	  	  		  	
	 110
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-27755/2015	  	Payment of monetary funds	  	RUR	  	 	20,019,678.29	  	  		  	
	 111
	  	Vesuvius	  	ChMK PJSC	  	Arbitration	  	Stockholm arbitration	  	13/11/2015	  	V2015/029	  	Payment of monetary funds	  	EUR	  	 	784,000.00	  	  		  	
	 112
	  	Uralmashplant CJSC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-29001/2015	  	Payment of monetary funds	  	RUR	  	 	43,313,949.75	  	  		  	
	 113
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-28415/2015	  	Payment of monetary funds	  	RUR	  	 	611,721,422.46	  	  		  	
	 114
	  	Uraldomnoremont-Ekaterinburg LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-28619/2015	  	Payment of monetary funds	  	RUR	  	 	28,540,268.96	  	  		  	
	 115
	  	NOVATEK-Chelyabinsk (penalty for june)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-30691/2015	  	Payment of monetary funds	  	RUR	  	 	12,071,100.11	  	  		  	
	 116
	  	R&D and manufacturing regional organization “Ural” LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-30128/2015	  	Payment of monetary funds	  	RUR	  	 	231,520,903.60	  	  		  	
	 117
	  	Promyshlennaya komplektatsia LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-31257/2015	  	Payment of monetary funds	  	RUR	  	 	19,783,580.18	  	  		  	
	 118
	  	Uraldomnoremont-Ek LLC (july)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-30528/2015	  	Payment of monetary funds	  	RUR	  	 	47,198,717.96	  	  		  	
	 119
	  	NOVATEK-Chelyabinsk LLC (nov)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-31150/2015	  	Payment of monetary funds	  	RUR	  	 	573,087,404.00	  	  		  	
	 120
	  	Municipal clinical polyclinic No.7	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-32107/2015	  	Payment of monetary funds	  	RUR	  	 	40,568,073.84	  	  		  	
	 121
	  	NOVATEK-Chelyabinsk (penalty for may-dec)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-32457/2015	  	Payment of monetary funds	  	RUR	  	 	19,048,098.76	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 38 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	
Type of levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 122
	  	FKU OFPS GPS in the Chelyabinsk region (MES of Russia)	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-32252/2015	  	Payment of monetary funds	  	RUR	  	 	10,795,700.00	  	  		  	
	 123
	  	ENRC Marketing AG (ERG Sales)	  	ChMK PJSC	  	Arbitration	  	London arbitration	  		  	LCIA No. 153201	  	Payment of monetary funds	  	USD	  	 	11,168,012.55	  	  		  	
	 124
	  	Nord Development LLC	  	Mechel Service Global (MSG)	  	Arbitration	  	Arbitration Court of Moscow	  	02/12/2015	  	A40-149724/2015	  	Payment of monetary funds	  	RUR	  	 	28,125,000.00	  	  		  	
	 125
	  	Sudostroitelny CB LLC	  	Mechel Service Global (MSG)	  	Arbitration	  	Arbitration Court of Moscow	  		  	A40-31510/2015	  	Payment of monetary funds	  	RUR	  	 	100,000,000.00	  	  		  	
	 126
	  	SAVEN ENTERPRISES LTD.	  	 Mechel OAO Tomusinsky Open-Pit Mine JSC
 Calridge
Ltd.
 Armolink Ltd.
 Bellasis Holdings Ltd.

Methol LLC
 Mechel Mining OAO

MC Mechel Mining OOO Southern Kuzbass OAO
 I.V.Zyuzin
	  	Arbitration	  	Court of Nicosia (Cyprus)	  		  		  	Payment of monetary funds	  	USD	  	 	781,000,000.00	  	  		  	
	 127
	  	RPFB Project Finance LLC	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	25/02/2015	  	A40-126879/14	  	Payment of monetary funds	  	RUR	  	 	752,006,886.37	  	  		  	
	 128
	  	Russian Commercial and Industrial Bank JSC	  	Mechel OAO Yakutugol HC OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-82279/2015	  	Redemption of bonds and payment of funds	  	RUR	  	 	51,570,000.00	  	  		  	
	 129
	  	VTB Bank OAO	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	05/12/2014	  	A40-155575/2014	  	Payment of monetary funds	  	RUR	  	 	2,990,304,446.21	  	  		  	
	 130
	  	VTB Bank OAO	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	09/04/2015	  	A40-15381/2015	  	Payment of monetary funds	  	RUR	  	 	50,182,475,827.01	  	  		  	
	 131
	  	VTB Bank OAO	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-77882/2015	  	Payment of monetary funds	  	RUR	  	 	2,600,000,000.00	  	  		  	
	 132
	  	 VTB Bank OAO
 VTB Capital Plc
	  	2 claims against Mechel Carbon AG, 2 claims against Mechel Carbon Singapore Pte. Ltd., 2 claims against Yakutugol HC OAO, 2 claims against Southern Kuzbass OAO, 2 claims against Mechel OAO, 2 claims against Mechel Mining OAO, 2
claims against KGOK OAO.	  	Arbitration	  	London arbitration (LCIA)	  		  		  	Payment of monetary funds	  	USD	  	 	32,497,409.68	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 39 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	
Type of levy
(payment of money,
transfer of

property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 133
	  	VTB Bank OAO	  	Mechel OAO Skyblock Limited	  	Arbitration	  	London international arbitration court	  		  		  	Payment of monetary funds	  	USD	  	 	101,912,000.00	  	  		  	
	 134
	  	Sberbank of Russia OAO	  	 Mechel OAO ChMK PJSC Mechel Trans LLC
 Mechel
Service
 Global (MSG)
 BFP LLC
	  	Arbitration	  	Moscow City Arbitration Court	  	10/04/2015	  	A40-158988/2014	  	Payment of monetary funds	  	RUR	  	 	348,107,596.04	  	  		  	
	 135
	  	Sberbank of Russia OAO	  	 Mechel OAO ChMK PJSC Mechel Trans LLC
 Mechel
Service
 Global (MSG)
 BFP LLC

Mechel Trading AG
	  	Arbitration	  	Moscow City Arbitration Court	  	03/08/2015	  	A40-159766/2014	  	Payment of monetary funds	  	RUR	  	 	98,948.90	  	  		  	
	 136
	  	Sberbank of Russia OAO	  	 Southern Kuzbass OAO
 Mechel Mining

OAO
 Yakutugol HC OAO

Mechel OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	02/04/2015	  	A40-159782/2014	  	Payment of monetary funds	  	RUR
 USD
	  	 
  
	174,501,763.94
 2,928,916.45
	  
   
	  		  	
	 137
	  	Sberbank of Russia OAO	  	 Southern Kuzbass OAO
 Mechel Mining

OAO
 Yakutugol HC OAO

Mechel OAO
	  	Arbitration	  	Moscow City Arbitration Court	  	25/05/2015	  	A40-25992/2015	  	Payment of monetary funds	  	USD
 RUR
	  	 
  
	6,017,133.00
 6,857,625.00
	  
   
	  		  	
	 138
	  	Sberbank of Russia OAO	  	 Southern Kuzbass OAO
 Mechel Mining

OAO
 Yakutugol HC OAO

Mechel OAO
 Mechel Trans LLC

BFP LLC
	  	Arbitration	  	Moscow City Arbitration Court	  	15/06/2015	  	A40-47254/2015	  	Payment of monetary funds	  	RUR
 USD
	  	 
  
	759,217.66
 1,228,040.96
	  
   
	  		  	
	 139
	  	Sberbank of Russia OAO	  	 ChMK PJSC Mechel Service Global (MSG) Mechel OAO Mechel Trans LLC

BFP LLC
	  	Arbitration	  	Moscow City Arbitration Court	  	17/08/2015	  	A40-83634/2015	  	Payment of monetary funds	  	RUR	  	 	6,761,713,334.17	  	  		  	
	 140
	  	Sberbank of Russia OAO	  	 ChMK PJSC Mechel Service Global (MSG) Mechel OAO Mechel Trans LLC

BFP LLC
 Mechel Traiding AG
	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-86346/2015	  	Payment of monetary funds	  	USD	  	 	6,576,447.60	  	  		  	
	 141
	  	Sberbank of Russia OAO	  	 Mechel OAO
 BFP LLC
	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	28/09/2015	  	A19-9461/2015	  	Payment of monetary funds	  	RUR	  	 	95,193,620.94	  	  		  	
	 142
	  	Sberbank of Russia OAO	  	 BFP LLC
 Mechel Service

Global (MSG)
 Mechel Trans LLC

Mechel OAO
	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-135744/2015	  	Payment of monetary funds	  	RUR	  	 	24,600,309.99	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 40 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	
Type of levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 143
	  	Bank of China (ELOS) JSCB	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	Settlement
Agreement
from
02/09/2015	  	A40-116491/2015	  	Payment of monetary funds	  	RUR	  	 	54,715,172.45	  	  		  	
	 144
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	09/10/2015	  	A60-15135/2015	  	Payment of monetary funds	  	RUR	  	 	2,091,831.16	  	  		  	
	 145
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	16/09/2015	  	A60-15125/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	124,249.08	  	  	Frontal loader LIUGONG CLG 856	  	
	 146
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	16/09/2015	  	A60-15137/2015	  	Payment of monetary funds	  	RUR	  	 	7,676.83	  	  		  	
	 147
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	31/08/2015	  	A60-15218/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	337,843.87	  	  	Tractor T-20.01KBR-1	  	
	 148
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	26/08/2015	  	A60-15110/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	8,186,877.55	  	  	Equipment for processing of slag - 2 sets	  	
	 149
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	31/08/2015	  	A60-15124/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	682,979.37	  	  	Jumper bit DX1800 Terminator	  	
	 150
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	07/09/2015	  	A60-15126/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	524,254.91	  	  	Loader TEREX-FUCHS MHL 331	  	
	 151
	  	Caterpillar Financial LLC	  	Mechel Materials LLC Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	13/10/2015	  	A40-128231/2015	  	Payment of monetary funds	  	USD
 RUR
	  	 
  
	22,169.21
 44,793.03
	  
   
	  		  	
	 152
	  	Caterpillar Financial LLC	  	Mechel Engineering LLC Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	13/10/2015	  	A40-128207/2015	  	Payment of monetary funds	  	RUR	  	 	4 001 828, 35 (penalty)	  	  		  	
	 153
	  	Sberbank of Russia OAO	  	Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	30/10/2015
(proceedings
were
terminated
because of
rejection of
the plaintiff
from his
claim)	  	A40-157278/2015	  	Payment of monetary funds	  	RUR	  	 	3,398,821.79	  	  		  	
	 154
	  	Gradostroy BCP CJSC	  	Uralkuz OAO	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-2644/2015	  	Payment of monetary funds	  	RUR	  	 	3,080,161.09	  	  		  	
	 155
	  	Gazprom gas distribution Chelyabinsk JSC	  	Uralkuz OAO	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	04/12/2015	  	A76-25675/2015	  	Payment of monetary funds	  	RUR	  	 	1,745,890.52	  	  		  	
	 156
	  	Kompressornyie mashiny LLC	  	Uralkuz OAO	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  	12/11/2015	  	A76-25224/2015	  	Payment of monetary funds	  	RUR	  	 	2,527,670.91	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 41 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	
Type of levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 157
	  	MASTER SACI LLC	  	Uralkuz OAO subsidiary in Chelyabinsk	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-18850/2015	  	Payment of monetary funds	  	RUR	  	 	1,130,837.52	  	  		  	
	 158
	  	A&T Group LLC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Altai Territory	  	12/12/2014	  	A03-13799/2013	  	Payment of monetary funds	  	RUR	  	 	14,489,781.78	  	  		  	
	 159
	  	Radian management company LLC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	14/03/2014	  	A19-17730/2013	  	Payment of monetary funds	  	RUR	  	 	10,170,374.30	  	  		  	
	 160
	  	Engineering Complect LLC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	29/04/2015	  	A19-986/2015	  	Payment of monetary funds	  	RUR	  	 	15,295,922.35	  	  		  	
	 161
	  	Vesta Stal LLC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	02/06/2014	  	A19-6588/2014	  	Payment of monetary funds	  	RUR	  	 	29,942,841.12	  	  		  	
	 162
	  	Mining Solutions CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	06/05/2015	  	A19-418/2015	  	Payment of monetary funds	  	RUR	  	 	10,057,154.87	  	  		  	
	 163
	  	Mining machines CJSC	  	KGOK OAO	  	Arbitration	  	Moscow City Arbitration Court	  	25/05/2015	  	A40-36821/2015	  	Payment of monetary funds	  	RUR	  	 	13,165,907.82	  	  		  	
	 164
	  	Cosmo-sib LLC	  	KGOK OAO	  	Arbitration	  	The Arbitration Court of the Novosibirsk region	  	22/06/2015	  	A45-8694/2015	  	Payment of monetary funds	  	RUR	  	 	22,513,571.46	  	  		  	
	 165
	  	Remelectro LLC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	01/09/2015	  	A19-10842/2015	  	Payment of monetary funds	  	RUR	  	 	11,766,332.11	  	  		  	
	 166
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	18/12/2014	  	A19-14255/2014	  	Payment of monetary funds	  	RUR	  	 	14,588,314.62	  	  		  	
	 167
	  	Sberbank Leasing CJSC	  	KGOK OAO Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  	30/06/2015	  	A40-140652/14	  	Payment of monetary funds	  	RUR	  	 	80,912,465.14	  	  		  	
	 168
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Moscow City Arbitration Court	  	18/02/2015	  	A40-140664/2014	  	Payment of monetary funds	  	RUR	  	 	29,993,081.59	  	  		  	
	 169
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	29/12/2014	  	A19-16300/2014	  	Payment of monetary funds	  	RUR	  	 	4,579,517.50	  	  		  	
	 170
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	28/09/2015	  	A19-4862/2015	  	Payment of money, transfer of property	  	RUR	  	 	4,091,784.73	  	  	Mill MShR-36H50	  	
	 171
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	02/06/2015	  	A19-4930/2015	  	Payment of money, transfer of property	  	RUR	  	 	1,152,894.07	  	  	Pump 1GRT 4000/71	  	
	 172
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	25/06/2015	  	A19-4864/2015	  	Payment of money, transfer of property	  	RUR	  	 	2,744,264.55	  	  	Grab crane, load capacity 20 tons	  	
	 173
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	10/11/2015	  	A19-4863/2015	  	Payment of money, transfer of property	  	RUR	  	 	5,901,065.64	  	  	Mill MShR-36H50	  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 42 









																									
	 No.
p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	 Type of
levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	
Balance
sheet value
of property

	 175
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	28/09/2015	  	A19-4865/2015	  	Payment of money, transfer of property	  	RUR	  	 	3,921,260.53	  	  	Mills pivotal MSC-32x45	  	
	 176
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	16/10/2015	  	A19-4866/2015	  	Payment of money, transfer of property	  	RUR	  	 	4,870,788.02	  	  	Mills pivotal MSC-32x45	  	
	 177
	  	Sberbank Leasing CJSC	  	KGOK OAO	  	Arbitration	  	Moscow City Arbitration Court	  	26/10/2015	  	A40-61412/2015	  	Payment of money, transfer of property	  	RUR	  	 	35,247,226.69	  	  	Dump truck BelAZ-75131 PSM: TC 376174	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 376170	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 011510	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 011507	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 011511	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 011508	  	
	 178
	  	Sberbank Leasing CJSC	  	KGOK OAO Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  	26/10/2015	  	A40-61418/2015	  	Payment of money, transfer of property	  	RUR	  	 	63,815,768.81	  	  	 Dump truck BelAZ-75131 - 2 pcs.
 Dump truck
BelAZ-75131 - 4 pcs.
	  	
	 179
	  	Sberbank Leasing CJSC	  	KGOK OAO
Mechel Mining OAO	  	Arbitration	  	Moscow City Arbitration Court	  	18/09/2015	  	A40-62474/2015	  	Payment of money, transfer of property	  	RUR	  	 	47,555,587.55	  	  	Motor grader JOHN DEERE 872G - 2 pcs.	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 789566	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 789772	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 376076	  	
	  	  	  	  	  	  	  	  	  	  	Dump truck BelAZ-75131 PSM: TC 789565	  	
	 180
	  	Caterpillar Financial LLC	  	KGOK OAO	  	Arbitration	  	Moscow City Arbitration Court	  	30/11/2015	  	A40-147639/2015	  	Payment of money, transfer of property	  	RUR	  	 	7,434,658.49	  	  	Bulldozer CAT D9R	  	
	 181
	  	Sberbank of Russia OAO	  	 Mechel OAO
 BFP LLC

ChMK PJSC
 Mechel Trans LLC

Mechel Service
 Global (MSG)
	  	Arbitration	  	Moscow City Arbitration Court	  	24/02/2015	  	A40-159753/14	  	Payment of monetary funds	  	RUR	  	 	20,763,178.98	  	  		  	
	 182
	  	Sberbank of Russia OAO	  	BFP LLC Mechel Trans LLC	  	Arbitration	  	Moscow City Arbitration Court	  	30/10/2015	  	A40-110036/2015	  	Payment of monetary funds	  	RUR	  	 	6,454,922.32	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 43 









																									
	 No.

p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	 Type of
levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	Balance
sheet value
of property
	 183
	  	Sberbank of Russia OAO	  	BFP LLC
Mechel OAO	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	21/01/2015	  	A19-16095/2014	  	Payment of monetary funds	  	RUR	  	 	352,407.68	  	  		  	
	 184
	  	MPMC MO Mezhdurechensk city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
9,807,368.75	  	A27-24380/2015	  	Payment of monetary funds	  	RUR	  	 	42,873,857.09	  	  		  	
	 185
	  	MPMC MO Mezhdurechensk city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
20,350,409.34	  	A27-24338/2015	  	Payment of monetary funds	  	RUR	  	 	88,429,325.09	  	  		  	
	 186
	  	MPMC MO Mezhdurechensk city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
14,464,000.00	  	A27-24548/2015	  	Payment of monetary funds	  	RUR	  	 	104,377,512.46	  	  		  	
	 187
	  	MPMC MO Mezhdurechensk city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
3,582,840.62	  	A27-24376/2015	  	Payment of monetary funds	  	RUR	  	 	14,776,479.01	  	  		  	
	 188
	  	MPMC MO Myskovo city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
288,670.11	  	A27-24666/2015	  	Payment of monetary funds	  	RUR	  	 	23,040,384.81	  	  		  	
	 189
	  	MPMC MO Myskovo city district	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	indebtedness
is partially
repaid in the
amount of 
3,300,000.00	  	A27-24670/2015	  	Payment of monetary funds	  	RUR	  	 	34,705,250.84	  	  		  	
	 190
	  	Ural Heavy Machine Building Plant PJSC	  	Southern Kuzbass OAO	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	30/11/2015	  	A27-19069/2015	  	Payment of monetary funds	  	RUR	  	 	19,305,274.58	  	  		  	
	 191
	  	Caterpillar Financial LLC	  	Yakutugol HC OAO Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-134903/15	  	Payment of monetary funds	  	USD
 EUR
	  	 
  
	3,989,154.79
 467,585.63
	  
   
	  		  	
	 192
	  	Department of Rosprirodnadzor	  	BMK OAO	  	Arbitration	  	Arbitration Court of the Republic of Bashkortostan	  	19/06/2015
 25/12/2015
Decision of
Arbitration
Court of the
Republic of
Bashkortostan
on change in
method
and
procedure of
execution of
the decision.
	  	A07-1681/2015	  	Payment of monetary funds, implementation of a package of measures	  	RUR	  	 	200,000	  	  		  	
	 193
	  	MPMC MO Mezhdurechensk city district	  	Tomusinsky Open-Pit Mine JSC	  	Arbitration	  	7 Arbitration Court of Appeal	  	02/02/2015	  	A27-5947/2014	  	Payment of monetary funds	  	RUR	  	 	104,773,800.35	  	  		  	
	 194
	  	Caterpillar Financial LLC	  	Tomusinsky Open-Pit Mine JSC	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-114357/2015	  	Payment of monetary funds	  	USD	  	 	138,687.89	  	  		  	
	 195
	  	Ural Heavy Machine Building Plant PJSC	  	Izhstal OAO	  	Arbitration	  	Arbitration Court of the Udmurt republic	  		  	A71-10886/2015	  	Payment of monetary funds	  	RUR	  	 	10,507,561.40	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 44 









																									
	 No.

p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	 Type of
levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	Balance
sheet value
of property
	 196
	  	VTB Bank	  	Mechel Trading AG	  	Arbitration	  		  	The claim
review is
expected	  		  	Payment of monetary funds	  	CHF	  	 	747,272,888.23	  	  		  	
	 197
	  	Vostsibtransproekt CJSC	  	Mechel Engineering LLC	  	Arbitration	  	Arbitration Court of the Irkutsk region	  	15/10/2015	  	A19-10970/2015	  	Payment of monetary funds	  	RUR	  	 	10,382,177.78	  	  		  	
	 198
	  	Neryungristroyizyskaniya OAO	  	Mechel Engineering LLC	  	Arbitration	  	Arbitration Court of the Kemerovo region	  	18/01/2016	  	A27-18661/2015	  	Payment of monetary funds	  	RUR	  	 	12,346,222.08	  	  		  	
	 199
	  	Uralmostostroy CJSC	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court (Ya) 4 AAS	  	07/08/2015	  	A58-917/2015	  	Payment of monetary funds	  	RUR	  	 	14,604,836.54	  	  		  	
	 200
	  	StroyEuroKom OAO	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court	  	19/11/2015	  	A40-120254/2015	  	Payment of monetary funds	  	RUR	  	 	37,122,517.25	  	  		  	
	 201
	  	Sberbank Leasing CJSC	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court	  	10/09/2015	  	A40-61367/2015	  	Payment of money, transfer of property	  	RUR	  	 	42,176,495.85	  	  	Truck crane GROVE GMK 3050-1 - 3 units
Articulated haulers VOLVO A40E - 25 units Excavators VOLVO EC 460 BLC - 6 units
Excavators VOLVO EC 360 BLC - 4 units Towing tractor SAV 585 097 based on an articulated truck without a
body VOLVO A30E with a semitrailer CAB 99402-000005	  	
	 202
	  	StroyEuroKom OAO	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court (Ya) 4 AAS	  	30/04/2015	  	A58-8295/2015	  	Payment of monetary funds	  	RUR	  	 	55,725,773.28	  	  		  	
	 203
	  	Mostostroy-9 CJSC	  	MShSS CJSC	  	Arbitration	  	Arbitration Court of the Irkutsk region 4AAS	  	25/08/2015	  	A19-6007/2015	  	Payment of monetary funds	  	RUR	  	 	21,986,289.90	  	  		  	
	 204
	  	Dalmostostroy OAO	  	MShSS CJSC	  	Arbitration	  	Arbitration Court of the Khabarovsk territory 6AAS	  	16/09/2015	  	A73-5298/2015	  	Payment of monetary funds	  	RUR	  	 	33,130,229.42	  	  		  	
	 205
	  	Dalmostostroy OAO	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court	  	13/01/2016	  	A40-90311/2015	  	Payment of monetary funds	  	RUR	  	 	15,348,392.38	  	  		  	
	 206
	  	Stroipromtekhmash LLC	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	29/09/2015	  	A58-2977/2015	  	Payment of monetary funds	  	RUR	  	 	33,878,747.50	  	  		  	
	 207
	  	Mechanized column No.99 LLC	  	MShSS CJSC	  	Arbitration	  	Arbitration Court of the Saratov region 12AAS	  	06/11/2015	  	A57-13406/2015	  	Payment of monetary funds	  	RUR	  	 	96,361,407.98	  	  		  	
	 208
	  	Mostootryad-43 LLC	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court (Ya)	  	17/09/2015	  	A58-3723/2015	  	Payment of monetary funds	  	RUR	  	 	17,254,991.54	  	  		  	
	 209
	  	Caterpillar Financial LLC	  	MShSS CJSC Mechel OAO	  	Arbitration	  	Moscow City Arbitration Court	  	08/12/2015	  	A40-171652/2015	  	Payment of money, transfer of property	  	USD	  	 	406,197.36	  	  	 Bulldozer CAT D9R
 WDM02478

Bulldozer CAT D9R WDM02383
Bulldozer CAT D9R

WDM02264
Bulldozer CAT D9R
 WDM02270

Bulldozer CAT D9R
 WDM02480
	  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 45 









																									
	 No.

p/p
	  	 Plaintiff
	  	 Defendant
	  	
Type of decision
(judicial / arbitration /
administrative)
	  	 Body that
approved
	  	Date of
decision	  	Number of
decision	  	 Type of
levy
(payment of money,
transfer of
property, etc.)
	  	Currency	  	Amount of requirement by decision
	  	  	  	  	  	  	  	  	  	Monetary
funds	 	  	 Type of property
	  	Balance
sheet value
of property
	 210
	  	TransSpetsStroy CJSC represented by a bankruptcy surety	  	MShSS CJSC	  	Arbitration	  	Moscow City Arbitration Court	  	not made
 court/z –
25/01/16
	  	A40-103449/2014	  	Recognition of the transaction as invalid, payment of monetary funds	  	RUR	  	 	32,759,020.83	  	  		  	
	 211
	  	National Construction Corporation CJSC represented by a bankruptcy surety	  	MShSS CJSC	  	Arbitration	  	Arbitration Court of the Moscow region	  	not made
 court/z –
24/02/16
	  	A41-24723/2014	  	Recognition of the transaction as invalid, payment of monetary funds	  	RUR	  	 	23,883,681.41	  	  		  	
	 212
	  	Metakhimservis LLC	  	Moskoks OAO	  	Arbitration	  	9 Arbitration Court of Appeal	  	12/10/2015	  	A40-46722/15	  	Payment of monetary funds	  	USD
 RUR
	  	 
  
	414,454.96
 130,434.00
	  
   
	  		  	
	 213
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	27/08/2015	  	A60-14888/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	1,842,729.28	  	  	Mine trucks BelAZ 7547 - 2 units	  	
	 214
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	03/09/2015	  	A60-14982/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	357,703.30	  	  	Loader HANGCHA CPCD100-RW 14	  	
	 215
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	07/09/2015	  	A60-14838/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	1,910,961.64	  	  	Loader TEREX-FUCHS MHL 331	  	
	 217
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	04/09/2015	  	A60-14980/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	1,393,812.71	  	  	Tractor T-20.01KBR-1	  	
	 218
	  	Sberbank Leasing CJSC	  	Mechel Materials LLC	  	Arbitration	  	Arbitration Court of the Sverlovsk region	  	17/09/2015	  	A60-14978/2015	  	Payment of monetary funds, return of leased asset	  	RUR	  	 	1,215,200.58	  	  	Mine trucks BelAZ - 7540S - 3 units	  	
	 219
	  	Transgarant LLC	  	Mecheltrans Vostok LLC	  	Arbitration	  	Moscow City Arbitration Court	  		  	A40-46952/2014	  	Payment of money, transfer of property	  	RUR	  	 	28,530,490.71	  	  	Mainline diesel 2TE116No.0708	  	
	 220
	  	Fercometal SAS	  	Mechel Service Belgium BVBA 
Mechel Trading AG (Belgian office) 
Mechel OAO	  	Judicial	  	Commercial Court of Antwerp	  		  		  	Payment of monetary funds	  	EUR	  	 	1,678,010.00	  	  		  	
	 221
	  	Mr. Fedele	  	Mechel Service Italy srl	  	Judicial	  	District Court of Monza, Italy	  		  		  	Payment of monetary funds	  	EUR	  	 	2,144,469.00	  	  		  	
	 222
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-1227/2016	  	Payment of monetary funds	  	RUR	  	 	592,232.796	  	  		  	
	 223
	  	NOVATEK-Chelyabinsk LLC	  	ChMK PJSC	  	Arbitration	  	Arbitration Court of the Chelyabinsk region	  		  	A76-1043/2016	  	Payment of monetary funds	  	RUR	  	 	13,843,582.21	  	  		  	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 46 








 Signatures of Parties 

 

									
	Lender:	 		 		 	Borrower:	 	
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of management company - MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 		 	L.S.	 	


  
 Additional
Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 47 








 Appendix No. 3 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Appendix No. 5 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Register of interest payments, fees, penalties and state fees of the Mechel Group 

on credit agreements with the Lender in the amount equivalent to 3,300,000,000 (Three billion three hundred million) rubles 

 

													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 1
	  	31/03/2016	  	ChMK PJSC	  	 	6,473,824.91	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 for the period from 26/03/2015 to 07/07/2015 by the court decision on the case No.
A40-83634/15
	 2
	  	31/03/2016	  	ChMK PJSC	  	 	43,726,334.63	  	  	RUR	  	penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No.
A40-83634/15
	 3
	  	31/03/2016	  	ChMK PJSC	  	 	349,142,440.96	  	  	RUR	  	Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5703 from 19/12/2013 for the period dated 26/03/2015 to 25/06/2015 by the court decision on the case No. A40-83634/15
	 4
	  	31/03/2016	  	ChMK PJSC	  	 	8,122,067.92	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No.
A40-83634/15
	 5
	  	31/03/2016	  	ChMK PJSC	  	 	163,356,164.39	  	  	RUR	  	penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No.
A40-83634/15
	 6
	  	31/03/2016	  	ChMK PJSC	  	 	888,375.07	  	  	RUR	  	penalty for overdue payment for loans service under the Agreement on opening of a non-revolving credit line No.5703 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No.
A40-83634/15
	 7
	  	31/03/2016	  	ChMK PJSC	  	 	403,253,424.65	  	  	RUR	  	Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5321 from 13/10/2010 for the period dated 29/03/2015 to 28/06/2015 by the court decision on the case No. A40-83634/15
	 8
	  	31/03/2016	  	ChMK PJSC	  	 	43,551,369.86	  	  	RUR	  	Payment for loan service (overdue) under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 29/03/2015 to 28/06/2015 by the court decision on the case No. A40-83634/15
	 9
	  	31/03/2016	  	ChMK PJSC	  	 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
	It is calculated
by the formula:
2,073,240,846.92
- 26,258,151.38
US dollars
according to the
Bank of Russia
exchange rate on
the date of each
payment in US
dollars under
this
Appendix.
 While negative
value the amount
of payment is
recognized equal
to 0 (zero).
	  
  
  
  
  
  
  
  
  
  
  
  

  
  
  
  
  
	  	RUR	  	Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 and / or the Agreement on opening of a non-revolving credit line No.5321 dated
13/10/2010


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 10
	  	31/03/2016	  	Mechel Trading AG	  	 	12,826.02	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5609 dated 20/12/2012 for the period from 31/03/2015 to 13/05/2015; and 30/06/2015-20/07/2015
	 11
	  	31/03/2016	  	Mechel Trading AG	  	 	171,513.80	  	  	USD	  	penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5609 dated 20/12/2012 for the period from 31/03/2015 to 20/07/2015
	 12
	  	31/03/2016	  	Mechel Trading AG	  	 	1,127,860.02	  	  	USD	  	Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5609 from 20/12/2012 for the period dated 29/03/2015 to 28/06/2015
	 13
	  	31/03/2016	  	Mechel Trading AG	  	 	4,275.34	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 31/03/2015 to 13/05/2015; and from 30/06/2015 to 20/07/2015
	 14
	  	31/03/2016	  	Mechel Trading AG	  	 	57,171.27	  	  	USD	  	penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 31/03/2015 to 20/07/2015
	 15
	  	31/03/2016	  	Mechel Trading AG	  	 	375,953.34	  	  	USD	  	Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 29/03/2015 to 28/06/2015
	 16
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	76,134.36	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/09/2015 by the court decision on the
case No. A40-159730/2014
	 17
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	1,751,090.26	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/09/2015 to 14/11/2014 by the court
decision on the case No. A40-25992/2015
	 18
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	94,824.08	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/12/2014 to 17/04/2015 by the court
decision on the case No. A40-25992/2015
	 19
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	4,002,275.23	  	  	USD	  	Interest on loan (overdue) under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 29/09/2014 to 28/03/2015 by the court decision on the case
No. A40-25992/2015
	 20
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	30,331.51	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for 30/09/2015 by the court decision on the case No.
A40-159730/2014
	 21
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	1,132,651.28	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 01/10/2014 to 17/04/2015 by the court
decision on the case No. A40-25992/2015


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 49 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 22
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	120,292.29	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for 30/09/2015 by the court decision on the case No.
A40-159730/2014
	 23
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	2,766,722.61	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 01/10/2014 to 14/11/2014 by the court
decision on the case No. A40-25992/2015
	 24
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	148,671.61	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/12/2014 to 17/04/2015 by the court
decision on the case No. A40-25992/2015
	 25
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	6,356,459.33	  	  	USD	  	Interest on loan (overdue) under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 29/09/2014 to 28/03/2015 by the court decision on the
case No. A40-25992/2015
	 26
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	32,353.62	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for 30/09/2015 by the court decision on the case No.
A40-159730/2014
	 27
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	1,208,161.37	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 01/10/2014 to 14/11/2014 by the court
decision on the case No. A40-25992/2015
	 28
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	2,375,392.01	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/09/2014 to 14/11/2014 by the court decision on the case No.
A40-159782/2014
	 29
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	42,939.29	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/12/2014 to 29/01/2015 by the court decision on the case No.
A40-159782/2014
	 30
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	2,885,977.16	  	  	USD	  	Interest on loan (overdue) under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 29/09/2014 to 28/12/2014 by the court decision on the case
No. A40-159782/2014
	 31
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	22,840.31	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for 30/09/2015 by the court decision on the case No. A40-159782/2014
	 32
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	559,217.68	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 01/10/2014 to 17/11/2014 by the court decision on the case No.
A40-4724/15
	 33
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	34,952.59	  	  	USD	  	penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/12/2014 to 12/05/2015 by the court decision on the case No.
A40-4724/15


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 50 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 34
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	1,193,088.37	  	  	USD	  	Interest on loan (overdue) under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 29/09/2014 to 28/03/2015 by the court decision on the case No. A40-4724/15
	 35
	  	31/03/2016	  	BFP LLC	  	 	295,004.43	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/15 to 06/05/15 by the court decision on the case No.
A40-16095/2014
	 36
	  	31/03/2016	  	BFP LLC	  	 	190,988.04	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/06/15 to 23/07/15 by the court decision on the case No. A19-9461/15
	 37
	  	31/03/2016	  	BFP LLC	  	 	1,756,629.08	  	  	RUR	  	penalty for overdue indebtedness on main debt under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/15 to 23/07/15 by the court decision on the case No.
A19-9461/15
	 38
	  	31/03/2016	  	BFP LLC	  	 	20,747,213.79	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/2015 to 25/06/2015 by the court decision on the case No. A19-9461/15
	 39
	  	31/03/2016	  	BFP LLC	  	 	16,450,593.99	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/06/2015 to 10/09/2015
	 40
	  	31/03/2016	  	Yakutugol HC OAO	  	 	23,416.94	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 26/05/2015 to 10/09/2015 by the court decision on the case No.
A58-3296/2015
	 41
	  	31/03/2016	  	Yakutugol HC OAO	  	 	202,409.33	  	  	RUR	  	penalty for overdue indebtedness on main debt under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 07/05/2015 to 10/09/2015 by the court decision on the case No.
A58-3296/2015
	 42
	  	31/03/2016	  	Yakutugol HC OAO	  	 	316,778.67	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 01/03/2015 to 30/06/2015 by the court decision on the case No. A58-3296/2015
	 43
	  	31/03/2016	  	Yakutugol HC OAO	  	 	1,312,539.70	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 01/07/2015 to 10/09/2015
	 44
	  	31/03/2016	  	KGOK OAO	  	 	1,709,902.63	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 028 on opening of a non-revolving credit line dated 16/03/2010 accrued and unpaid as of 31/12/2015
	 45
	  	31/03/2016	  	KGOK OAO	  	 	497,331.99	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 029 on opening of a non-revolving credit line dated 16/03/2010 accrued and unpaid as of 31/12/2015
	 46
	  	31/03/2016	  	ChMK PJSC	  	 	30,435,616.45	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 74086 on opening of a non-revolving credit line dated 22/12/2009 for the period from 21/01/2015 to 10/09/2015
	 47
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	5,287,222.58	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 13 on opening of a non-revolving credit line dated 25/03/2010 accrued and unpaid as of 31/12/2015
	 48
	  	31/03/2016	  	Izhstal OAO	  	 	3,072.61	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No.
A71-8039/15


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 51 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 49
	  	31/03/2016	  	Izhstal OAO	  	 	128.02	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No.
A71-8039/15
	 50
	  	31/03/2016	  	Izhstal OAO	  	 	20,139.04	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No.
A71-8039/15
	 51
	  	31/03/2016	  	Izhstal OAO	  	 	20,878.76	  	  	RUR	  	Payment for maintaining the loan account under the Agreement No. 4-NKL-I and opening of a non-revolving credit facility dated 13/02/2009 for the period from 11/05/2015 to 10/07/2015 by the court decision on the case No.
A71-8039/15
	 52
	  	31/03/2016	  	Izhstal OAO	  	 	20,638.36	  	  	RUR	  	Payment for maintaining the loan account under the Agreement No. 4-NKL-I and opening of a non-revolving credit facility dated 13/02/2009 for the period from 11/07/2015 to 10/09/2015
	 53
	  	31/03/2016	  	Izhstal OAO	  	 	501,090.41	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/05/2015 to 10/07/2015 by the court decision on the case No. A71-8039/15
	 54
	  	31/03/2016	  	Izhstal OAO	  	 	495,320.54	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/07/2015 to 10/09/2015
	 55
	  	31/03/2016	  	Izhstal OAO	  	 	26,921.57	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/07/2015 to 13/07/2015 by the court decision on the case No.
A71-8039/15
	 56
	  	31/03/2016	  	Izhstal OAO	  	 	298.46	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 from 11/07/2015 to 13/07/2015 by the court decision on
the case No. A71-8039/15
	 57
	  	31/03/2016	  	Izhstal OAO	  	 	534,331.24	  	  	RUR	  	penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No.
A71-8039/15
	 58
	  	31/03/2016	  	Izhstal OAO	  	 	93,808.24	  	  	RUR	  	Payment for maintaining the loan account under the Agreement No. 12-NKL-I and opening of a non-revolving credit facility dated 22/07/2010 for the period from 11/07/2015 to 10/09/2015
	 59
	  	31/03/2016	  	Izhstal OAO	  	 	5,060,920.77	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 to 10/07/2015 by the court decision on the case No.
A71-8039/15
	 60
	  	31/03/2016	  	Izhstal OAO	  	 	10,742,016.65	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/07/2015 to 10/09/2015
	 61
	  	31/03/2016	  	Yakutugol HC OAO	  	 	15,558.25	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-7389/2014


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 52 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 62
	  	31/03/2016	  	BFP LLC	  	 	4,107.75	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-188070/14
	 63
	  	31/03/2016	  	Mechel Trans LLC	  	 	4,107.75	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-188070/14
	 64
	  	31/03/2016	  	BFP LLC	  	 	66,133.83	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-16095/2014
	 65
	  	31/03/2016	  	Mechel OAO	  	 	66,133.83	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-16095/2014
	 66
	  	31/03/2016	  	Mechel Trading AG	  	 	957,232.93	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-204/2014
	 67
	  	31/03/2016	  	Mechel Trading AG	  	 	16,491.50	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 68
	  	31/03/2016	  	Mechel OAO	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 69
	  	31/03/2016	  	BFP LLC	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 70
	  	31/03/2016	  	Mechel Service Global (MSG)	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 71
	  	31/03/2016	  	Mechel Trans LLC	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 72
	  	31/03/2016	  	ChMK PJSC	  	 	16,491.48	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014
	 73
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	10,529.26	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A45-20227/2014
	 74
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015
	 75
	  	31/03/2016	  	Mechel Mining OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015
	 76
	  	31/03/2016	  	Mechel OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 53 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 77
	  	31/03/2016	  	Yakutugol HC OAO	  	 	50,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015
	 78
	  	31/03/2016	  	Mechel OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 79
	  	31/03/2016	  	Mechel Trans LLC	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 80
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	33,333.35	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 81
	  	31/03/2016	  	Mechel Mining OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 82
	  	31/03/2016	  	Yakutugol HC OAO	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 83
	  	31/03/2016	  	BFP LLC	  	 	33,333.33	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15
	 84
	  	31/03/2016	  	Mechel Mining OAO	  	 	16,147.50	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159782/2014
	 85
	  	31/03/2016	  	Yakutugol HC OAO	  	 	14,628.34	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159782/2014
	 86
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	4,859,394.86	  	  	USD	  	penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187451/15 for the period from 02/10/2015 on 17/12/2015
	 87
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	1,122,845.78	  	  	USD	  	penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187412/15 for the period from 02/10/2015 on 17/12/2015
	 88
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	3,767,123.29	  	  	USD	  	penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187412/15 (for the First part of the credit line) for the period from 02/10/2015 on
17/12/2015
	 89
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	3,060,885.61	  	  	RUR	  	Interest on loan (overdue) under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 29/03/2015 to 01/10/2015
	 90
	  	31/03/2016	  	BFP LLC	  	 	72,203,785.60	  	  	RUR	  	principal debt under the Agreement No. 160 on opening of a non-revolving line of credit dated 14/10/2010 by the court decision on cases No. A19-9461/15; A40-110111/15



  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 54 









													
	 No.
	  	Date of
payment	  	 Payer
	  	Amount	 	  	 Currency of
payment
	  	 Purpose of payment

	 91
	  	31/03/2016	  	Izhstal OAO	  	 	16,595,504.67	  	  	RUR	  	principal debt under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 by the court decision on the case No. A40-135744/15; A71-8039/15
	 92
	  	31/03/2016	  	Izhstal OAO	  	 	1,350,000.00	  	  	RUR	  	principal debt under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 by the court decision on the case No. A40-135744/15; A71-8039/15
	 93
	  	31/03/2016	  	Yakutugol HC OAO	  	 	5,194,730.88	  	  	RUR	  	principal debt under the Agreement No. 12 on opening of a non-revolving line of credit dated 23/04/2010 by the court decision on cases No. A19-3296/2015; A40-110036/15
	 94
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	400,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee under international agreements concluded within the framework of arbitration cases No. No. A40-187413/15; A40-187416/15; A40-187451/15; A40-187412/15
	 95
	  	31/03/2016	  	Southern Kuzbass OAO	  	 	200,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159730/2014
	 96
	  	31/03/2016	  	ChMK PJSC	  	 	200,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-83634/15
	 97
	  	31/03/2016	  	BFP LLC	  	 	200,000.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-9461/15; A40-110111/15
	 98
	  	31/03/2016	  	Izhstal OAO	  	 	292,004.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-135744/15; A71-8039/15
	 99
	  	31/03/2016	  	Yakutugol HC OAO	  	 	74,312.00	  	  	RUR	  	expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-3296/2015; No. A40-110036/15
		  		  		  	  
	  
	 	  		  	
		  		  	 TOTAL
	  	 	3,300,000,000.00	  	  	RUR	  	
		  		  		  	  
	  
	 	  		  	

 Signatures of Parties 
  

									
	Lender:	 		 		 	Borrower:	 	
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of management company - MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 		 	L.S.	 	


  
 Additional
Agreement No.8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 55 








 Appendix No.4 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Appendix No. 6 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Terms of mandatory repayment (Cash-sweep mechanism) 

(hereinafter referred to as “Terms”) 

Unless otherwise provided, the terms used in the Conditions, have the same meaning as in the Agreement. 

For the purposes of the Conditions, the following terms and definitions are used: 

“Lenders - participants of Cash-sweep” - Lender, GPB (JSC), VTB Bank (PJSC) as well as banks and financial institutions
involved as lenders under: 
  

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed
with the Southern Kuzbass Coal Company OAO as a borrower; 

  

	 	•	 	an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed
with the Yakutugol HC OAO as a borrower; 

 “Compulsory payments” means payments of the Mechel Group
companies payable in the calendar month following the reporting month to: 
 (a) repay loan debt in accordance with loan debt repayment
schedule and pay interest on the entire Loan debt of the Mechel Group; 
 (b) repay bond loans of Mechel Group and pay interest on them.

 “Reporting month” means relevant calendar month within the effective term of the Agreement starting from January 2016.

 “Control period” means every three consecutive reporting months. Each Reporting month can belong to only one Control
period. 
 “Monetary funds” means at any given time total amount of cash and monetary equivalents of any of the Mechel
Group companies, according to the methodology used for preparing financial statements according to US GAAP. 
 “Minimum limit of
monetary funds” means 5,000,000,000 (Five billion) rubles. 
 “Free Monetary funds of the Mechel Group” means
positive value of average daily balance of Monetary funds for the Reporting month minus the Minimum limit of monetary funds and reduced by the amount of Compulsory payments divided by the number of calendar days in the Reporting month. If the
difference is negative, the amount of Free Monetary funds of the Mechel Group is assumed to be 0 (zero) rubles. 
 “Credit
indebtedness of the Mechel Group” means total amount of loan indebtedness (principal debt) under all contracts on loans signed with the Mechel Group companies 

“Credit indebtedness of the Mechel Group to lenders - members of Cash-sweep” means total amount of principal debt (loan
indebtedness) of the Mechel Group companies to lenders - members of Cash-sweep. 
 1. Within 10 (Ten) business days after the end of the
Reporting month, the Borrower shall provide from the side of the Mechel OAO to the Lender and the Independent financial adviser / Deputy General Director: 

(a) Confirming certificate signed by an authorized person, containing: 

(i) results of calculation of average daily balance of Monetary funds for the Reporting month and calculation of Free monetary funds of the
Mechel Group denominated in rubles (this calculation must be also sent to the Lender in the “MS Excel” format to the email address mechel@sberbank.ru). Daily balance of Monetary funds in foreign currencies is translated into rubles at the
exchange rate of the Bank of Russia set for the respective day. 
 (ii) Compulsory payments (indicating a lender, bank details, credit
agreements, currency of payment, payment amount in the currency of destination and date of payment) denominated in rubles. Compulsory payments in foreign currencies are translated into rubles at the exchange rate of the Bank of Russia set for the
last date of the Reporting month. 

  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 








 (b) statements (certificates) for all bank accounts of the Mechel Group companies for the
Reporting month containing amount of balance of monetary funds for the end of each day in paper form certified by respective banks (and also their electronic copies in the «MS Excel» format must be sent to the Lender to his electronic
address mechel@sberbank.ru) upon receipt of a written request from the Lender (but not more than one request per quarter) from Independent financial adviser / Deputy General Director at their discretion. 

(c) a certificate from tax authority about actual accounts of Liable persons in the Reporting month in electronic form with a digital
signature of the tax authority, upon receipt of written request from the Lender (but not more than one request per quarter) from Independent Financial Adviser / Deputy General Director at their discretion. 

(d) decoding of Balance sheet accounts of each Mechel Group company for the reporting month containing amounts of Monetary funds for the end
of each day in the “MS Excel” format, upon receipt of written request from the Lender (but not more than one request per quarter) from Independent financial advisor / Deputy General Director at their discretion. 

2. The Borrower shall provide the following documents in the form of copies certified by the Mechel OAO, or originals from the side of
the Mechel OAO to Independent financial adviser: 
 (a) Consolidated annual audited statements of the Mechel OAO, prepared in accordance
with IFRS or US GAAP - no later than 180 (one hundred eighty) calendar days from the date of the end of the relevant calendar year. 
 (b)
Consolidated audited statements of the Mechel OAO for the first, second and third quarters of the calendar year, including consolidated balance sheet, profit and loss statement and statement of comprehensive debt, prepared in accordance with IFRS or
US GAAP: 
 (i) with respect to statements prepared in 2015 and 2016 - no later than 120 (one hundred twenty) days from the date of the end
of the quarter; 
 (ii) with respect to statements prepared in 2017 - no later than 90 (ninety) days from the date of the end of the
quarter; 
 3. At the end of each Reporting month within 5 (Five) working days from the date of expiry of the documents listed in clause 1
of Terms and Conditions, Deputy General Director on the basis of all documents and information available to him, checks results of calculations of average daily balance of Monetary funds and Free monetary funds of the Mechel Group for the Reporting
month contained in Confirming certificates, and transfers preliminary conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates and results of calculations carried out by the Deputy General
Director for the reporting month, to the Lender and to Liable persons. 
 4. In the case of non-receipt of all documents listed in clause 1
of Terms and Conditions for each of the Reporting month from the Mechel OAO: 
  

	 	4.1.	Deputy General Director during test period carried out in accordance with clause 3 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to Liable persons.


  

	 	4.2.	The Borrower shall, within 3 (Three) business days from the date of receipt of the requirement with a list of not received documents from the Deputy General Director, ensure the provision of specified in requirements
documents from the Mechel OAO to Deputy General Director and the Lender. 

  

	 	4.3.	In the case of non-receipt from the Mechel OAO of all the documents listed in this clause 4.1 Conditions of requirements, Deputy General Director at the end of the period specified in clause 4.2 of Terms and Conditions,
shall immediately send a requirement containing a list of not received documents, to the Lender and Liable persons. 


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 57 








 5. At the end of each Control period, within 10 (Ten) business days from the date of expiry of
the reporting for the Control period specified in clause 1 of Terms and Conditions, the Independent financial adviser on the basis of all documents and information available to him, checks results of calculations of average daily balance of Monetary
funds and Free monetary funds of the Mechel Group for each of Reporting months included in the Control period, and transfers preliminary conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates
and results of calculations carried out by the Independent financial adviser for the reporting months, to the Lender and to Liable persons. 

6. In the case of non-receipt of all documents listed in clause 1 and 2 of Terms and Conditions, for each of the Reporting month in the
relevant Control period: 
  

	 	6.1.	Independent financial adviser during the period of testing carried out in accordance with clause 5 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to Liable
persons. 

  

	 	6.2.	The Borrower shall, within 3 (Three) business days from the date of receipt of the requirement with a list of not received documents from the Independent financial adviser, ensure the provision of specified in
requirements documents from the Mechel OAO to the Independent financial adviser and the Lender. 

  

	 	6.3.	In the case of non-receipt from the Mechel OAO of all the documents listed in this clause 6.1 of Conditions of requirements, the Independent financial adviser at the end of the date specified in clause 6.2 of Terms and
Conditions, shall immediately send a requirement containing a list of not received documents, to the Lender and Liable persons. 


7. Upon receipt of a preliminary conclusion in accordance with clauses 3 or 5 of the Terms (hereinafter - the “Preliminary
conclusion”) from the Independent financial adviser / Deputy General Director: 
  

	 	7.1.	The Lender may, within 3 (Three) working days from the date of receipt of the preliminary conclusion from the Independent financial adviser / Deputy General Director, provide the Independent financial adviser / Deputy
General Director and the Mechel OAO with its explanations and objections regarding received preliminary conclusion attaching supporting documents; 

  

	 	7.2.	The Lender may, within 3 (Three) business days from the date of receipt of the preliminary conclusion from the Independent financial adviser / Deputy General Director, provide the Mechel OAO representation of its
explanations and objections regarding received preliminary conclusion attaching supporting documents, to Independent financial adviser / Deputy General Director; 

  


	 	7.3.	Independent financial adviser and / Deputy General Director shall send the Lender and Liable persons final conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates
and results of calculations carried out by the Independent financial adviser / Deputy General Director (hereinafter referred to as “Final conclusion”): 

  


	 	(a)	not later than 3 (Three) business days from the date of receipt of explanations and objections from the Lender and / or the Mechel Group, or 


 

	 	(b)	on the 6 (sixth) business day from the date of receipt by Mechel OAO from the Independent Financial Adviser / Deputy General Director, a preliminary conclusion specified in clause 5 of Terms and Conditions - if the
Independent financial adviser / Deputy General Director has not received explanations and objections to the preliminary conclusion from the Lender and / or Mechel OAO. 


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 58 








 8. When in the Reporting month Free Monetary funds of the Mechel Group have been identified in
the amount of more than 100,000,000 (One hundred million) rubles, the Borrower’s obligation to repay the principal debt (loan debt) under the Agreement, becomes urgent to fulfill in terms of amount of the Free Monetary funds of the Mechel Group
in proportion to the loan debt ( principal debt) under the Agreement, in the total credit debt of the Mechel Group to Lenders - Cash-sweep participants on the last day of the Reporting month. The obligation having become urgent to fulfill, is
enforceable by the Borrower to the Lender within 10 (Ten) business days from the date of sending to the Lender Final conclusions of the Independent financial adviser / Deputy General Director, about discrepancy between results of calculations in
Confirming Certificates and results of calculations carried out by the Independent financial adviser / Deputy General director. 
 9. The
Borrower provides and ensures provision from the side of the Mechel Group and all companies of the Mechel Group to the Independent financial adviser / Deputy General Director, of financial control function over the Mechel Group: 

(i) Verification of the Financial model of the Mechel Group for technical correctness and validity of laid down preconditions, including
development of recommendations for correcting prerequisites (Bank-Case development), performed by the Independent financial adviser annually. 

(ii) monthly / quarterly monitoring of financial and operating activities of the Mechel Group, including: 

 

	 	•	 	analysis of the fact of the past month to the fact of the previous month; 

  

	 	•	 	analysis of the fact of the past month to the plan of the previous month; 

  

	 	•	 	analysis of corrections of plans for long-term Financial model of the Mechel Group; 

  

	 	•	 	analysis of performance of covenants under agreements of Lender banks. 

 (iii) Monthly /
quarterly inspection of concluded transactions (including but not limited to sale of finished products, procurement of goods / services, receipt / delivery of loans / bills) to suit market conditions and economic feasibility, including random checks
of primary documentation (contracts, invoices, payment orders) at the request of the Lender and / or the Independent financial adviser. 

(iv) Monthly / quarterly monitoring of transactions with related parties to show suitability to market conditions and economic feasibility,
including random checks of primary documents (contracts, invoices, payment orders) at the request of the Lender and / or the Independent financial adviser. 

(v) Monthly / quarterly monitoring of primary documents confirming the amount of Compulsory payments. 

The Borrower shall ensure that Mechel OAO makes audit of the annual consolidated financial statements of Mechel OAO by international
standards. Audit of international reporting must be carried out by an auditor of PricewaterhouseCoopers, E&Y, Deloitte or KPMG before repayment of debts to the Lender. 

10. For financial control purposes in accordance with clause 9 of Terms and Conditions the Borrower shall provide a report of the Independent
financial adviser from the side of Mechel OAO to the Lender no later than the 25th day of the first month of each calendar quarter, and not later than the 25th day of each calendar month - a report of the Deputy General Director containing
information in accordance with clause (i) - (v) of clause 9 of Terms and Conditions 

  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 59 








 11. The Borrower shall, before March 31, 2016, conclude / provide conclusion of an agreement
between Mechel OAO and the Independent financial adviser, providing implementation of functions stipulated by Terms and Conditions, by the Independent financial adviser, and to ensure coordination with the Lender of conditions of the agreement with
the Independent financial adviser. At the same time, taking into account proposals of the Independent financial adviser, conditions can be changed by agreement of the Parties. 

12. The Borrower shall provide / ensure the provision of all necessary information (access to information) to carry out its (their)
obligations under the Terms and Conditions, from the side of the Mechel Group to the Independent financial adviser / Deputy General Director. 

Signatures of Parties 
  

									
	Lender:	 		 	Borrower:
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 	L.S.


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 60 








 Appendix No.5 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Appendix No. 7 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

List of Non-key assets for disposal 
  

							
	 No.
	  	 Name of Asset
	  	 Location
	  	 Identification of asset

	1	  	Share of 100% of the share capital of the Bratsk Ferroalloy Plant (BFP LLC)	  	665716 Russian Federation, Irkutsk region, Bratsk, Central residential district, P 01 11 01 00	  	PSRN 1033800845760; TIN 3804028227
	2	  	91.45% of the share capital of the Beloretsk Metallurgical Plant OAO (BMC OAO)	  	453502 Russian Federation, Republic of Bashkortostan, Beloretsk, 1 Blyuhera Street	  	PSRN 1020201623716; TIN 0256006322
	3	  	93.76% of the share capital of the Urals Stampings Plant (Urals Stampings Plant OAO)	  	456440 Russian Federation, Chelyabinsk region, Chebarkul, 7 Dzerzhinskogo Street	  	PSRN 1027401141240; TIN 7420000133
	4	  	90.00% of the share capital of the Izhstal OAO (Izhstal OAO)	  	426006 Russian Federation, Republic of Udmurtia, Izhevsk, 6 Novoazhimova Street	  	PSRN 1021801435325; TIN 1826000655
	5	  	90.04% of the share capital of the KGOK OAO (KGOK OAO)	  	665651 Irkutsk region, Russian Federation, Zheleznogorsk-Ilim, 9A / 1 Ivashchenko Street	  	PSRN 1023802658714; TIN 3834002314
	6	  	72.14% of the share capital of the Kuzbass Power Sales Company OAO (Kuzbassenergosbyt OAO)	  	650036 Kemerovo region, Kemerovo, 90/4 Prospekt Lenina	  	PSRN 1064205110133
	7	  	99.52% of the share capital of the Moscow Coke and Gas Plant OAO (Moskoks OAO)	  	142703 Moscow Region, Vidnoe, 13 Belokamennoye Highway	  	PSRN 1025000657660
	8	  	100% of the share capital of the UAB “Mechel Nemunas” (Mechel Nemunas)	  	Kaunas, 83 R. Kalantos Street, LT-52308, Lithuania	  	PSRN 111790066
	9	  	93.35% of the share capital of the Vyartsilya Hardware Plant CJSC (Vyartsilya Hardware Plant CJSC)	  	186757 Republic of Karelia, Sortavala, urban type settlement Vyartsilya, 1 Zavodskaya Street	  	PSRN 1021000941785
	10	  	84.10% of the share capital of the Southern Urals Nickel Plant OAO (Yuzhuralnickel OAO)	  	462424 Orenburg region, Orsk, 1 Prizavodskaya Street	  	PSRN 1025601931410
	11	  	Land plot of 13.41 hectares, owned by MechelService LLC (MechelService LLC)	  	Russian Federation, Moscow region, Vidnoe, 13 Belokamennoye highway	  	cadastral number 50:21:0020102:368
	12	  	Share of 100% of the share capital of the Port Mechel Temryuk LLC (Port Mechel Temryuk LLC)	  	353500 Russia, Krasnodar region, Temryuk district, port “Temryuk”	  	PSRN 1082352000521; TIN 2352042694
	13	  	90.36% of the share capital of the Port Kambarka OAO (Port Kambarka OAO)	  	427958 Republic of Udmurtia, Kambarsky District, village Kama, 2 Nizhnekamskaya Street	  	PSRN 1021800717839

 Signatures of Parties 
  

									
	Lender:	 		 	Borrower:
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 	L.S.


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 61 








 Appendix No.6 to Additional Agreement No. 8 dated March 4, 2016 to 

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 

Conditions of termination of the Additional Agreement 

1. On the basis of Articles 157, 327.1 of the Civil Code of the Russian Federation, the Parties put termination of rights and obligations of
the Parties under this Additional Agreement, dependent on occurrence of any of the following circumstances: 
 a) non-receipt by the Lender
in the period until March 31, 2016 (inclusive) payments from the Mechel Group companies to repay overdue debt to the Lender on interest, fees, penalties and repayment of the Lender’s expenses for payment of state fee for examination cases by
courts of arbitration in the amount (in rubles or US dollars) equivalent to 3.3 billion (Three billion three hundred million) rubles, in accordance with Appendix No.5 to the Agreement; 

b) non-transfer until 30 April, 2016 (inclusive), by the Mechel Group companies that are lessees of Sberbank Leasing JSC, monetary funds
in the total amount of 900,000,000 (Nine hundred million) rubles (including amounts transferred starting from 19.11.2015) in favor of Sberbank Leasing JSC in account of full compensation of legal costs in court cases with Sberbank Leasing JSC, as
well as in account of performance of obligations established by international agreements on arbitration cases; 
 c) failure of conclusion
until March 31, 2016 (inclusive) of the agreement of cession by the Lender, and non-receipt of payment on it (in rubles or US dollars) in total equivalent to 31,500,000,000 (Thirty-one billion five hundred million) rubles at the Bank of Russia
exchange rate on the date of payment for ceded rights (claims) or part of the rights (claims) to Southern Kuzbass OAO, belonging to the Lender on one or more Agreements on opening of a non-revolving credit facility No.5593 dated 09.10.2012, No.5594
dated 09.10.2012, No.8507 dated 09.10.2012, No.8508 dated 09.10.2012, made between the Lender and Southern Kuzbass OAO, taking into account global agreements concluded between the Lender and of Southern Kuzbass OAO in the process of judicial review
of arbitration cases No. A40-187413/15, A40-187451/15, A40-187412/15, A40-187416/15; 
 d) occurrence, in the period from the date of
signing of the Additional Agreement on March 31, 2016 (inclusive), of delay in the payment of interest under the Agreement, payable in accordance with the procedure specified in Article 4 of the Agreement (as amended in the Additional Agreement), of
more than 10 (Ten) business days; 
 e) occurrence of legal disputes under Agreements on opening of a non-revolving credit line No. 5593
dated 09.10.2012, No. 5594 dated 09.10.2012, No. 8507 dated 09.10.2012, No. 8508 dated 09.10.2012, concluded between the Lender and Southern Kuzbass OAO, initiated by the Mechel Group companies and / or any third party (including on appeal of
approved settlement agreements in the framework of arbitration proceedings claims No. A 40-187413/15, A40-187451/15, A-40-187412/15, A40-187416/15 and previously adopted legal acts in arbitration cases No. A40-159782/2014, A40-25992/2015,
A40-47254/2015); 
 f) adoption of judicial decisions about invalidation of any of the obligations of the Mechel Group companies to the
Lender on any of credit agreements / contracts on opening of a credit line / agreements / contracts of pledge / surety agreements concluded between them. 

2. In the event of occurrence of any listed in clause 1 of this Appendix No. 6 to the Additional Agreement circumstances, rights and
obligations of the Parties under the Additional Agreement terminate on expiry of 10 (Ten) calendar days from the date of the Lender’s written notice to the Borrower. 

3. Inclusion of conditions listed in clause 1 of this Appendix No. 6 to the Additional Agreement, is an compulsory condition of conclusion of
the Additional Agreement between the Lender and the Borrower. 
 4. In case of termination of rights and obligations of the Parties under
this Additional Agreement, conditions of the Agreement No. 5594 on opening of a non-revolving credit facility dated October 9, 2012 in the version in force until conclusion of the Additional Agreement between the Parties, is applied to legal
relations between the Parties. 

  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 62 








 Signatures of Parties 

 

									
	Lender:	 		 	Borrower:
			
	Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC	 		 	General Director of MC Mechel Mining OOO
					
	  
	 	A.Yu. Goncharenko	 		 	  
	 	P.V. Shtark
	L.S.	 		 	L.S.


  
 Additional
Agreement No. 8 dated March 4, 2016 to 
 Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 


  
 63