Document:

Exhibit 4.25.1

Additional
Agreement No. 1

To Agreement
between OAO Rostelecom and OAO Uralsvyazinform No. 751-05-23,
dated December 28, 2005

	
  Moscow

  	
   

  	
  January 01, 2006

  

 

Rostelecom, Open Joint-Stock Company for Long-Distance and International
Telecommunications, hereinafter, “Rostelecom”, represented by OAO Rostelecom
General Director Dmitry Yevgenievich Yerokhin, authorized to act by Charter, on
the one part, and “Uralsvyazinform”, an Open Joint-Stock Company, hereinafter
referred to as the “Operator”, represented by General Director Anatoly
Yakovlevich Ufimkin, authorized to act by Charter, on the other part
hereinafter collectively referred to as the “Parties”, and severally, as “Party”,
have entered into this Additional Agreement (hereinafter, “the Agreement”) on
the incorporation of the below-listed amendments in the Contract on Network
Connection (hereinafter, “the Contract”), as follows:

1.                             Clause
1.6. of the Contract shall read as follows:

«1.6.
“Users” shall mean persons including subscribers who orders and/or uses
telecommunication services through the Operator, or through the
telecommunications operator whose telecommunication network is connected to the
Operator’s network at the local or zone level, and who is not the Associated
Operator, provided that settlements with the mentioned persons for
telecommunication services rendered by Rostelecom shall be made by the Operator
pursuant terms and conditions of this Contract. The list of telecommunications
operators whose telecommunication network is connected to the Operator’s
network at the local or zone level, who is not the Associated Operator,
settlements with whom for telecommunication services rendered by Rostelecom
shall be made by the Operator pursuant terms and conditions of this Contract,
will be provided in a separate Additional Agreement which shall be entered into
by the Parties after or concurrently with this Contract’s coming into force”».

2.                             Clause
1.4. of the Contract shall be amended as follows:

«1.4.
“Accrued income” means payments to the Operator by the Users for the Services
rendered in the corresponding month».

3.                             Clause
1.7. of the Contract shall be amended as follows:

«1.7. “Revenue earned” means  the income actually received by the Operator
from the Users in the corresponding month on account of payment for the
Telecommunication Services».

4.                             Clause
1.8. of the Contract shall be amended as follows:

« 1.8. “Billing period” means a calendar month
following the Accounting period».

5.                             Article 1
of the Contract shall be added by Paragraph 1.13. as follows:

«1.13. “Billing period”
means a calendar month during which Telecommunication Services were rendered to
the Users».

6.                             Paragraph
3.3.10 of the Contract shall be added by the following provision: “Make second
copies of invoices”.

7.                             In
Paragraph 3.3.11 of the Contract, the words “second copies of invoices” shall
be inserted before the words “billing data”.

8.                             In
Paragraph 3.3.4 the words “within 10 days following the invoice” shall be
substituted by the words “within 15 days following the invoice”.

9.                             In
Paragraph 4.1.2. of the Contract, the sentence “The amount of payment, the
settlement procedure between the Parties for the Services rendered by the
Operator to Rostelecom, shall be provided for by Appendix 2 to the Contract”
shall be substituted by the sentence “The amount of payment, the settlement
procedure between the Parties for the Services rendered by the Operator to
Rostelecom, shall be provided for by Appendix 7 to the Contract”.

10.                       Appendix 3 shall be amended in version 2:

11.                       Appendix 4 shall be amended in version 2:

12.                       Appendix 5 shall be amended in version 2:

13.                       Appendix 7 of the Agreement shall be amended as follows:

 

Appendix No. 7

Dated 01 January, 2006

PARTIES MUTUAL
SETTLEMENT PROCEDURE

1.               The monetary
obligations of the Operator to Rostelecom (para. 4.1.1 of the Agreement).

1.1.           Within the term
before the 25th day of the Billing period the Operator must transfer to
Rostelecom one hundred per cent (100%) of the Accrued income for the month
preceding the Billing period for the Telecommunication Services rendered during
all periods preceding the Billing period, in accordance with the Operator’s
Report.

1.2.           Irrespective of
any provision of para. 1.1 of this Appendix 7 contradicting the understated,
before the 25th day of the Billing period the Operator must transfer to
Rostelecom, irrespective of the amount of payment received in the month
preceding the Billing period, no less than the Minimal payment in the amount of
34 % of the Accrued income for the Services rendered during the month preceding
the Billing period (para. 4.1.1 of the Agreement).

1.3.           Rostelecom
presents to the Operator the invoice for the payment of the Revenue earned, for
the amount determined with the consideration of para. and 1.2. hereof, before
the 20th day of the Billing period.

2.               The monetary
obligations of Rostelecom to the Operator (para. 4.1.2. of the Agreement).

2.1.           Rostelecom is
obliged to pay to the Operator the consideration for the services rendered by
the Operator to Rostelecom in accordance with para. 2.2 and the
remuneration for the fulfillment by the Operator of the commission specified in
para. 2.1. of Section 2 of this Agreement, within the terms and in
the amount stated below. The total sum of the monetary obligations of
Rostelecom for the services rendered to Rostelecom by the Operator in
accordance with para. 2.2 and the remuneration for the commission
performed by the Operator, specified in para. 2.1. of Section 2 of
the Agreement, in every corresponding period is calculated on the basis of the
Acceptance Acts signed by the Parties for the corresponding periods.

2.2.           Within the term
before the 25th day of the Billing period Rostelecom is obliged to transfer to
the Operator the payment in the amount Y, which equals the sum of the payments
not transferred by Rostelecom by the above indicated date of payment for the
services under the Agreement rendered Rostelecom by the Operator during all the
periods preceding the corresponding Billing period, the cost of which has been
estimated in accordance with Appendix 2 to the Agreement. At that, the maximum
amount of payment Y, due to transfer in every Billing period equals M, the
value calculated for every Billing period by the following formula:

M
= Areceived – Amin. where

M—is
the maximal value of payment Y due to payment to the Operator by
Rostelecom  in the corresponding Billing
period.

A
received—is the Revenue earned in the month preceding the
Billing period, in accordance with the Operator’s Report, for the Telecommunication
Services rendered by Rostelecom to the Users during all periods preceding the
Billing period.

A min—the amount of
the Minimal payment, in accordance with para. 1.2. hereof.

The
calculated payment Y is included into the cost of the services rendered by the
Operator to Rostelecom under this Agreement for all periods of its validity, in
the part in which these services were not paid for by the moment of the
calculation of the payment. The Parties agree that in the first place the
payments account for the services rendered during the earlier periods.

2.3.           Rostelecom
transfers to the Operator the payments, in accordance with para. 2.2.
hereof, until the amount of all payments transferred by Rostelecom in
accordance with this para. 2 equals the total cost of the services
rendered by the Operator to Rostelecom under this Agreement.

 

2.4.           The Operator
presents to Rostelecom the invoices for the payments specified in
para. 2.2. hereof, for the sums calculated in accordance with the
mentioned paragraph, before the  20th day
of the month in which the corresponding payment is due to be performed.

3.               With the purpose
of the termination (full or partial) its obligations indicated in paras 1 and 2
of this Appendix  and the termination of
the obligations of Rostelecom to the Operator under the Contract on network
connection __________________________ in the version of ________________________
(“Contract on Connection”), the Parties to have monthly setting off the
counter-claims by signing the Acts of offsetting counter-claims on the days
when such obligations of the Parties shall be fulfilled under this Agreement
and the Contract on Connection.

14.        Appendix
8 shall be amended in version 2:

Add Clause 8 to Appendix 9 in the following version:

«8. Provision of information regarding users’ accounts
receivable in order to create a reserve on doubtful debts for taxation
purposes.»

The Operator shall on a monthly basis, by the 15th day
of the month following the month of the end of the quarter, provide Rostelecom
with the electronic report on the indebtedness for the Services of Rostelecom
as of the last date of the quarter, by form 9 (in Excel).

15.        This
Agreement is an inseparable part of the Contract.

16.        All
terms used in this Agreement have a meaning, fixed for them in the Contract.

17.        All
the rest, not indicated in this Agreement, is subject to the provisions of the
Contract.

18.        The
agreement is issued in the Russian language in two copies, one for  each Party.

19.        This
Agreement shall come into force from the date hereof. The Parties hereby
establish that terms and conditions of the Agreement entered into thereby shall
apply to their relations arisen from the date of the Contract on
Telecommunications Network Connection dated January 01, 2006.

20.        Details
and Signatures of the Parties

	
  OAO Rostelecom:

  	
   

  	
  OAO Uralsvyazinform:

  
	
   

  	
   

  	
   

  
	
  Legal address: 127091, Moscow,

  	
   

  	
  Legal address: 620014

  
	
  Delegatskaya st., 5

  	
   

  	
  Yekaterinburg, Moskovskaya
  st., 11

  
	
   

  	
   

  	
   

  
	
  General Director

  	
   

  	
  General Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /signed/ D.Ye. Yerokhin

  	
   

  	
  /signed/ A. Ya. Ufimkin

  
	
   

  	
   

  	
   

  
	
  January 01, 2006

  	
   

  	
  January 01, 2006

  
	
   

  	
   

  	
   

  
	
  Seal here

  	
   

  	
  Seal hereExhibit 4.26

AGENCY
AGREEMENT  No. 213/24-206

	
           Moscow

  	
   

  	
  March 01, 2006

  

                This
Agreement is entered into by Rostelecom, Open Joint-Stock Company for
Long-Distance and International Telecommunications, hereinafter, “Rostelecom”,
represented by OAO Rostelecom General Director D.Ye. Yerokhin, authorized to
act by Charter, on the one part, and Uralsvyazinform, an Open Joint-Stock
Company, hereinafter referred to as the “Operator”, represented by General
Director Anatoly Yakovlevich Ufimkin, authorized to act by Charter, hereinafter
collectively referred to as the “Parties”, as follows:

SECTION I. GENERAL PROVISIONS

1                      TERMS AND DEFINITIONS

In this
Agreement the following terms and definitions have the following meanings if
not otherwise indicated by this Agreement:

1.1                       “Agreement” means the Agreement including all
Appendices, Revisions, Addenda and Additional Agreements.

1.2                       “Associated Operator” shall mean a telecommunications operator who meets all of the
following criteria:

1.2.1.1                Its telecommunications network is connected to
the Operator’s network at a local or a zonal level, or

1.2.1.2               A telecommunications operator whose
telecommunications network is connected to another telecommunications operator’s
network which is connected to the Operator’s network at a local or a zonal
level,

1.2.2                        Any long-distance and international traffic
generated inside such operator’s network is routed via the Operator’s network
and Rostelecom network,

1.2.3                        Such operators provide their users with access to
long-distance and international telephone communication service offered by
Rostelecom

1.2.4                         Such operator is not entered in the “List of
Associated Operators” as contained in Additional Agreement No. 2 to
Assistance Agreement No. 752-05-23 dt 01.01.06 entered into
between Rostelecom and the Operator.

1.3                       “Users” shall mean legal entities, including
subscribers who order and/or use telecommunications service offered by
Rostelecom via the Operator.

1.4                       “Settlement Period” shall mean a calendar month
immediately following the Accounting Period.

1.5                       “Accounting Period” shall mean a calendar month
immediately following the one in which agreements with Associated Operators and
Users are entered into by the Operator on behalf and at the expense of
Rostelecom.

2                      SUBJECT MATTER OF THE AGREEMENT

2.1                       Pursuant to this Agreement, the Operator
undertakes to perform the following legal and other acts, on behalf and at the
expense of Rostelecom:

2.1.1                        enter into agreements, on behalf of Rostelecom,
using one of the forms (Form 1 or Form 2) provided in Appendix No. 1
hereto, with each of Associated Operators, except as expressly provided for in
Paragraphs 6.2., 6.7. and 6.9. below.

2.1.2                        enter, on behalf of Rostelecom, using the form
provided in Appendix No. 2 hereto, agreements for provision, by
Rostelecom, of long-distance and international telecommunication services, with
Users which may apply to Operator for such agreements, by means of a single
document.

2.1.3                        where required in connection with the entering
into agreements referred to in Paragraph 2.1.1. above, negotiate with all
Connection Operators to agree on the terms and conditions of agreements
provided in Appendix No. 1 hereto, and generally to do anything as may be
necessary to assure that such agreements are entered into with Associated
Operators.

 

 1
 

 

3       GENERAL REQUIREMENTS TO THE FULFILLMENT
OF THE COMMISSION

3.1                       Agreements with Associated Operators as
referred to in Paragraph 2.1.1. above shall be entered into with each of the
Associated Operators, except as expressly provided for in Paragraphs 6.2., 6.7.
and 6.9. below, and further with the exception of:

3.1.1                        Associated
Operators whose telecommunication networks are effectively connected to the
Operator’s network as of the effective date of this Agreement—until the moment
when a network connection agreement is entered into between the Operator and
the respective Associated Operator whereby the Associated Operator shall
provide the call initiation service to the Operator in accordance with the “Network
connection and interaction regulations” approved by Resolution of the Russian
Government No. 161 dt. 28.03.2005, in connection with the
long-distance and international telecommunication services provided by
Rostelecom to Associated Operators’ Users;

3.1.2                        other
Connection Operators, with the exception of those referred to in Paragraph
3.1.1.—concurrently with a network interconnection agreement being entered into
between the Operator and respective Associated Operator whereby the Associated
Operator shall provide the call initiation service to the Operator in
accordance with the “Network 
interconnection and interaction regulations” approved by Resolution of
the Russian Government No. 161 dt. 28.03.2005, in connection with the
long-distance and international telecommunication services provided by
Rostelecom to Associated Operators’ Users.

3.2                       Where a Form 1 or a Form 2 agreement
referred to in Paragraph 2.1.1. is entered into with Associated Operators, the
Operator shall not depart from the terms and conditions of such agreements as
stated in Form 1 or Form 2, respectively, of Appendix No. 1
hereto. If a Associated Operator refuses to enter into an agreement on terms
and conditions set forth in Form 1 or Form 2 of Appendix No. 2
to this Agreement, proposing amendments to such terms and conditions, the
Operator shall not agree to such amended terms and conditions without
Rostelecom’s prior written consent.

3.3                       Where an agreement referred to in Paragraph
2.1.2 is entered into with Users, the Operator shall not depart from the terms
and conditions of such an agreement as set forth in Appendix No. 2 hereto.

SECTION II. ENTERING INTO
AGREEMENTS WITH ASSOCIATED OPERATORS

4       AGREEMENT OFFERINGS

4.1                       Within fifteen (15) days after the effective
date of this Agreement, the Operator shall submit to Rostelecom a list of
Associated Operators (see Appendix No. 4) specifying trade name, legal and
actual address, based on information available with the Operator, with which
agreements are to entered into using forms provided in Attachment No. 1.

4.2                       Within ten (10) days after the effective
date of this Agreement, Rostelecom shall issue a power of attorney to the
Operator authorizing the latter to perform actions described in Paragraph 2.1
above of this Contract Such power of attorney shall be with the right of
sub-delegation.

4.3                       Within ten (10) days after receipt of the
power of attorney from Rostelecom as referred to in Paragraph 4.2. above, the
Operator shall send each Associated Operator a cover letter with a binding
offer prepared based on Form 1 and a binding offer prepared based on Form 2
as provided in Appendix No. 1 hereto (hereinafter collectively the “Binding
Offers” and separately “Binding Offer”) attached, each in three counterparts.
Each counterpart of the Binding Offers so given shall be signed by the Operator’s
authorized signatory. Also, a copy of the power of attorney referred to in
Paragraph 4.2. shall be enclosed with the Binding Offers. of this Contract

4.4                       A cover letter to the Associated Operator
referred to in Paragraph 4.3. above shall contain the following:

4.4.1                        An
offer to the Associated Operator to accept either of the proposed Binding Offer
options (Form 1 or Form 2), at the Associated Operator’s discretion.

4.4.2                        a
reasonable time period for the acceptance of the Binding Offer. Such time
period shall be determined by the Operator at its discretion, provided that it
shall not exceed thirty (30) days after the date on which the Binding Offers
are sent to the Associated Operator.

4.4.3                        Acceptance
format requirements as defined in Paragraph 5.1 below. of this Contract

4.5                       Within three (3) business days after
expiration of the time period referred to in Paragraph 4.3, the Operator shall
submit a report on Binding Offers sent to Associated Operators, which report
shall be sent by e-mail as an Excel attachment to ru_sales@rt.ru e-mail or by
fax to No. (343)341-37-86,  365-33-03 in the format provided in Appendix No. 3.

 2
 

 

5       ACCEPTANCE

5.1                       An acceptance of a Binding Offer by a
Associated Operator shall only be acknowledged by the Operator if executed in
the following manner and with the time period allowed for such acceptance in
the cover letter pursuant to Paragraph 4.4.1 above, and in particular provided
that:

- the
Associated Operator submitted two counterparts of accepted Binding Offer signed
by an authorized representative of the Associated Operator and verified with
the Associated Operator’s seal.

5.2                       If the Associated Operator accepts one of the
Binding Offers sent to it, one counterpart of the binding agreement signed by
the Operator and the Associated Operator shall be submitted to Rostelecom
within five (5) business days after the date on which such documents are
received by the Operator from the Associated Operator.

5.3                       This Agreement may provide for circumstances
(see Article 6 below) in which the Operator may be obligated to
acknowledge acceptance of a Binding Offer executed in a manner inconsistent
with the provision of Paragraph 5.1 above. of this Contract

6       NO ACCEPTANCE

6.1                       If a Associated Operator to whom Binding Offers
were given does not accept either of them, then, pursuant to the terms and
conditions stated in Article 5 of this Agreement, the Operator shall
notify Rostelecom to that effect within time frames referred to in Paragraphs
6.2, 6.7, 6.9 below and shall concurrently provide Rostelecom with the
following information:

6.1.1                        Associated Operator’s trade name;

6.1.2                        Associated Operator’s legal and physical
addresses;

6.1.3                        Names of contact persons;

6.1.4                        Grounds or reasons for disagreement, if the
Associated Operator submitted a letter to the Operator stating reasons for its
disagreement with the proposed agreement;

6.1.5                        Contact telephones, faxes, e-physical address.

6.2                       If within the time period provided for
acceptance of the Binding Offer by a Associated Operator, the Operator receives
a message from the Associated Operator stating its refusal to enter into the
agreement or its intent to enter into an agreement whereof subject matter is
different from that stated in Form 1 or Form 2 of Appendix No. 1,
or if no message related to the Binding Offer is received by the Operator or
Rostelecom, the Operator shall notify Rostelecom to that effect within three (3) business
days after the expiration of the time period provided for acceptance by the
Associated Operator. The Operator shall be discharged from its agency
obligations with respect to the relevant Associated Operator as from the moment
when the information referred to in Paragraph 6.1. is sent to Rostelecom.

6.3                       If within the time period provided for acceptance
of the Binding Offer by a Associated Operator, the Operator receives a message
from the Associated Operator stating its willingness to enter into the
agreement on terms and conditions (other than subject matter) different from
those stated in Form 1 or Form 2 of Appendix No. 1, i.e. a
counter-offer, the Operator shall notify Rostelecom to that effect within three
(3) business days after the expiration of the time period provided for the
acceptance by the Associated Operator.

6.4                       Within ten (10) days after receipt of
notice from the Operator as referred to in Paragraph 6.3., Rostelecom shall
notify the Operator of its full or partial consent or refusal to give consent
to the Associated Operator’s counter-proposals.

6.5                       If full consent to the Associated Operator’s
counter-proposals is given by Rostelecom, the Operator shall accept the
Associated Operator’s counter-offer; in case of Rostelecom’s partial consent or
refusal to give consent to the Associated Operator’s counter-proposals, the
Operator shall negotiate with the Associated Operator to agree on the terms and
conditions of the Binding Offer which were not accepted by the Associated
Operator. Maximum duration of such negotiations shall not exceed fifteen (15)
days after their commencement date. The Operator shall notify Rostelecom of the
results of such negotiations within three (3) business days after their
completion. If as the result of such negotiations the Associated Operator gave
full consent to the terms and conditions of the Binding Offer based on either Form 1
or Form 2 as provided in Appendix No. 1 and accepted such Binding
Offer, the Operator shall, concurrently with the negotiations results notice,
submit documents referred to in Paragraph 5.2 above to Rostelecom. of this
Contract

6.6                       If as the result of such negotiations, the
Associated Operator did not give full consent to the terms and conditions of
the Binding Offer based on either Form 1 or Form 2 as provided in
Appendix No. 1, Rostelecom shall within five (5) business days after
receipt of the negotiations result notice from the Operator as provided for in
Paragraph 6.5. above, shall resolve upon whether entering into an agreement
with the Connected  Operator on the terms
and conditions proposed by the latter (i.e. acceptance of counter-offer) is
possible.

 3
 

 

6.7                       If Rostelecom notifies the Operator within the
time period referred to in Paragraph 6.6. above of its willingness to enter
into the agreement on the terms and conditions proposed by the Associated
Operator, the Operator shall enter into an agreement with the Associated
Operator on  the terms and conditions
agreed upon as the result of negotiations, accept the Associated Operator’s
counter-offer and submit originals of executed agreement and/or documents
evidencing the entering into such agreement with the Associated Operator on
such terms and conditions within three (3) business days. If Rostelecom
notifies the Operator within the time period referred to in Paragraph 6.6.
above of its decision not to enter into the agreement on the terms and
conditions proposed by the Associated Operator, the Operator shall be relieved
from its agency obligations with respect to the relevant Associated Operator as
from the moment of receipt of such notice.

6.8                       If within the time period provided for the acceptance
of the Binding Offer by the Associated Operator the latter gives full and
unconditional acceptance of the Binding Offer whether based on Form 1 or Form 2,
but other than in compliance with the Binding Offer acceptance requirements set
forth in Article 5, the Operator shall notify Rostelecom to that effect
within three (3) days after receipt of such acceptance of the Binding
Offer from the Associated Operator. Rostelecom shall, within three (3) days
after receipt of such notice from the Operator, determine whether such
acceptance is to be considered valid and sufficient and shall notify the
Operator of such a determination.

If
the Associated Operator gives full and unconditional acceptance of the Binding
Offer whether based on Form 1 or Form 2, but with a delay of not more
than 30 days, and provided no other breach of Binding Offer acceptance
requirements exists, Rostelecom shall determine that such acceptance is to be
considered valid and sufficient, and shall take action described in Paragraph 6.9
below.

6.9                       If Rostelecom determines acceptance to be valid
and sufficient, the Operator shall, within three (3) business days after
receipt of a notice from Rostelecom stating such determination, submit
documents to Rostelecom evidencing the entering into an agreement on terms and
conditions as set forth in Form 1 or Form 2 of  Appendix No. 1 to this Agreement. If
Rostelecom determines acceptance by the Associated Operator to be invalid
and/or insufficient, the operator shall, within three (3) business days
after receipt of a notice from Rostelecom stating such determination, give a
message to the Associated Operator requiring it to give acceptance on the terms
and conditions provided in Paragraph 5.1 above. If the Operator does not
receive from the Associated Operator acceptance of the Binding Offer on the
above terms and conditions and before expiration of the time period provided
for such acceptance, the Operator shall be relieved from its agency obligations
with respect to the relevant Associated Operator.

SECTION III.
CONCLUDING AGREEMENTS WITH USERS

7       CONCLUDING
AGREEMENTS WITH USERS

7.1                       Whenever any User (or its properly authorized
representative) applies to the Operator for an agreement for provision by
Rostelecom of long-distance and international telecommunications service, the
Operator shall forthwith enter into an agreement with such User in accordance
with the form provided in Appendix No. 2 to this Agreement.

7.2                       Agreement with the User shall be signed in two
counterparts and sealed. One counterpart shall be delivered to the respective
User, and another one shall be delivered to Rostelecom within five (5) days
after the date on which such  agreement
is entered into and in any case not later than on the 1st day of
the month immediately following the one in which such agreement with the User
was entered into. The Operator may keep a copy of the agreement made with the
User.

7.3                       Should any proposals be received from the User
with respect to modification of terms and conditions of the agreement mentioned
in Appendix 2 hereto, the Operator shall send a notice to Rostelecom mentioning
the user and modifications proposed thereby.

SECTION IV.
MISCELLANEOUS

8       AGENCY
FEE AND REIMBURSEMENT OF AGENT’S EXPENSES

8.1                       In consideration of performance, by the Operator,
of its agency obligations hereunder, Rostelecom shall pay agency fees to the
Operator as follows:

 4
 

 

8.1.1     For
each agreement entered into with a Associated Operator pursuant to Paragraph
2.1.1. of this Agreement, Rubles twenty thousand (20,000) if the agreement is
entered into in accordance with Form 1 of Appendix No. 1, or Rubles
forty thousand (40,000) if the agreement is entered into in accordance with Form 2
of Appendix No. 1, provided that:

8.1.1.1                         
the agreement is entered into by the Operator on the terms and conditions set
forth in respective forms (Form 1 or Form 2) provided in Appendix No. 1
hereto, or

8.1.1.2                         the
agreement is entered into by the Operator on terms and conditions different
from those set forth in Appendix No. 1 hereto, based on a determination
made by Rostelecom in accordance with Paragraphs 6.6. and 6.7.

The fee is stated net of VAT which shall be calculated
at a rate applicable at the time when appropriate invoice is issued

8.1.2              For
each agreement entered into with the User pursuant to Paragraph 2.1.2. of this
Agreement, a single fee of Rubles three hundred (300) (fixed part of the agency
fee) plus 5% of the amount of paid bills for services of OAO Rostelecom
provided to the User for the first three full calendar months of the agreement
with the User, pursuant to Paragraph 2.1.2. hereof. The fee is stated net of
VAT which shall be calculated at a rate applicable at the time when appropriate
invoice is issued

8.2                       Rostelecom further undertakes to reimburse the
Operator for any properly evidenced expenses incurred by it in connection with
performance of its agency obligations hereunder.

9                      REPORTS AND MUTUAL SETTLEMENTS PROCEDURE

9.1                       Mutual settlements shall be effected on a
monthly basis, pursuant to this Agreement and on the basis of the Operator’s
Agency Report (the “Operator’s Report”) substantially in the form provided in
Appendix No. 3.

9.2                       The Operator shall, before the 8th day of
the Billing Period, submit the Operator’s Report, together with a bill and VAT
invoice, to Rostelecom. These documents shall also be supported by originals of
source documents evidencing expenses incurred by the Operator to perform its
agency obligations hereunder. Copies of the Operator’s Report, bills and VAT
invoices shall be given to Rostelecom by a facsimile transmission with
confirmation report, while original documents shall be sent by registered mail
with receipt acknowledged. The date of facsimile transmission shall be the
effective date of documents delivery.

9.3                       Rostelecom shall review the documents submitted
by the Operator and, provided it does not have any objections, shall approve
the Operator’s Report within two (2) business days after the receipt of
the Operator’s Report. If Rostelecom has objections against the documents
submitted by the Operator, Rostelecom shall give written notice to the Operator
of such objections within two (2) business days after receipt of documents
by facsimile. In any such case, Rostelecom shall approve the Operator’s Report
with such objections. A copy of the approved Operator’s Report shall be given
to the Operator by facsimile, while original documents shall be sent by
registered mai with receipt acknowledged.

9.4                       Rostelecom shall, within ten (10) days
after approval of the Operator’s Report, pay the Operator agency fee calculated
in accordance with Paragraph 8.1. above, and shall reimburse the Operator
for  any and all properly evidenced
expenses incurred by the Operator in connection with performance of its agency
obligations hereunder. If the Operator’s Report is approved with objections,
payment shall be limited to the uncontested amount.

9.5                       To eliminate objections against the documents
submitted by the Operator, the Parties shall, within 10 business days after the
date when Rostelecom gives written notice of such objections to the Operator,
hold negotiations and shall reconcile / analyze their respective data. Based on
the results of such reconciliation, the Parties shall execute a Report of
reconciliation of mutual accounts (the “Reconciliation Report”) and, where
necessary, shall adjust payments due for future Billing Periods. By signing the
Reconciliation Report between the Parties, Rostelecom shall acknowledge
approval of the Operator’s Report.

9.6                       Quarterly and upon necessity Rostelecom and the
Operator perform the inspection of mutual settlements. The Reconciliation
Report of Mutual Settlements is drawn up by the penaltyed party in two
counterparts and signed by the authorized representatives of the Parties. The
Party to which a Reconciliation Report is given shall either sign the
Reconciliation Report or raise objectives regarding reliability of the
information contained therein within twenty (20) days after the date on which
the Reconciliation Report is sent.

10     RESPONSIBILITY
OF PARTIES

10.1                 The Parties shall be held responsible for their
failure to perform, or improper performance, of their respective obligations
hereunder in the manner and within the scope as provided for by the applicable
law of the Russian Federation and this Agreement.

 5
 

 

10.2                 Indemnity shall be given for actual damage
inflicted upon the other Party by the Party’s failure to perform or improper
performance of its obligations hereunder.

10.3                 If either Party breaches any deadline for the
performance of its obligations hereunder, or performs such obligations in an
unsatisfactory manner, the delinquent Party shall pay the other Party, upon the
latter’s request, a penalty of 0.01% of the total agency fee specified in
Paragraphs 8.1.1 and 8.1.2. above in respect of the calendar month during which
such breach occurred, for each day of a delay with proper performance of its
obligations, but not more than 10% of such agency fee amount. The penalty shall
be paid within 10 days after receipt of an appropriate request from the other
Party.

11     CONFIDENTIALITY

11.1                 The entire relationship of the Parties
hereunder shall be subject to the confidentiality terms and conditions as set
forth in the Confidentiality Agreement No. ______ entered into by the
Parties on _____________.

11.2                 Any exchange of information between the Parties
hereunder shall be in a manner which shall allow for it to be kept in
confidence in accordance with the Confidentiality Agreement Provisions.

12     EFFECTIVE
PERIOD AND TERMINATION PROVISIONS

12.1                 This Agreement is entered into for one year and
shall take effect from the moment when it is signed by the Parties. If neither
Party announces termination of this Agreement thirty (30) calendar days before
its stated expiration, this Agreement shall be automatically extended for each
subsequent year. There shall not be any limit to the number of periods for
which this Agreement may be extended. The rights and obligations of the Parties
arise from the moment of the ratification by the competent authorities of the
Parties if such decision is required by the current law of the Russian
Federation.

12.2                 Early termination of this Agreement shall be
possible upon mutual consent of the Parties or for other causes provided for by
the applicable law of the Russian Federation.

12.3                 Upon termination of this Contract, the Parties
shall settle mutual accounts within thirty days after the termination date.

13     MISCELLANEOUS

13.1                 This Agreement is prepared in two counterparts
of equal legal effect, one counterpart for each Party.

13.2                 Neither Party shall assign any of its rights
and obligations hereunder within prior written consent of the other Party.

13.3                 Each Party acknowledges the other Party’s
rights to all brands, trademarks and names and covenants not to make any use
thereof within prior written consent. The covenants undertaken herein shall
survive termination of this Agreement.

13.4                 Authority to enter into agreements with
Associated Operators in accordance with the form provided in Attachment No. 1
shall not be delegated to any third parties within Rostelecom’s consent.

13.5                 Any notices and communications may be given by
the Parties via facsimile, electronic mail, registered mail or courier delivery
service with receipt acknowledged. A delivery confirmation generated by
appropriate e-mail software or, in case of facsimile transmission of a notice,
a copy of the notice with sender’s fax machine stamp (report) evidencing normal
transmission to proper telephone number, shall be sufficient evidence of
delivery.

13.6                 Appendix List:

Appendix No. 1 Agency
Agreement Forms (Form 1 and Form 2).

Appendix No. 2 Form of agreement for
provision of long-distance and international telecommunications by Rostelecom.

Appendix No. 3 Operator’s Agency Report.

Appendix No. 4 List of Associated Operators

13.7                 Either Party to this Agreement may propose on
amendments hereto. Any amendments and additions properly agreed upon and
executed shall constitute integral parts of this Agreement.

 6
 

 

14               SIGNATURES OF PARTIES

	
  Rostelecom

  	
   

  	
  Operator

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  OAO Rostelecom

  	
   

  	
  OAO Rostelecom:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Physical address: 127091,

  	
   

  	
  Physical address:
  620014, Yekaterinburg,

  	
   

  
	
   

  	
   

  	
  Moskovskaya st., 11

  	
   

  
	
  127091, Moscow, Delegatskaya st., 0.5

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Postal address

  	
   

  	
  Postal address

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  127091, Moscow, Delegatskaya st., 0.5

  	
   

  	
  620014, Yekaterinburg,
  Moskovskaya st., 11

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  OAO Rostelecom

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  TIN: 7707049388

  	
   

  	
  TIN: 5902183094

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Contact tel: (095) 787-2849

  	
   

  	
  Contact tel: (343)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Contact person:

  	
   

  	
  Contact person:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Tel/Fax: (095) 787-2850

  	
   

  	
  Tel/Fax: (343)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  e-mail:

  	
   

  	
  e-mail

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Acc.: 40702810800000001375 with
  ZAO Russian Industrial Bank,

  	
   

  	
  Acc.:
  4070281074902101137 West-Urals Bank of RF CB

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Perm

  	
   

  
	
  Moscow

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  BIC 044552202

  	
   

  	
  BIC 045773603

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Correspondent account 30101810500000000202

  	
   

  	
  Correspondent account
  30101810900000000603

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Postal address of the Bank: 

  129110, Moscow, 

  Schepkina st., 40, building 1

  	
   

  	
   

  	
   

  

 

	
  OKVED code:

  	
   

  	
  64.20

  	
   

  	
  OKVED code:

  	
   

  	
  64.20.11

  
	
  OKPO code:

  	
   

  	
  17514186

  	
   

  	
  OKPO code:

  	
   

  	
  01134530

  
	
  KPP code:

  	
   

  	
  774050001

  	
   

  	
  KPP code:

  	
   

  	
  997750001

  

 

	
  OAO Rostelecom:

  	
   

  	
  OAO Uralsveyazinform:

  
	
   

  	
   

  	
   

  
	
  General Director

  	
   

  	
  General Director

  
	
   

  	
   

  	
   

  
	
  OAO Rostelecom

  	
   

  	
  OAO Uralsveyazinform:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /signed/ D.Ye. Yerokhin

  	
   

  	
  /signed/ A. Ya. Ufimkin

  
	
   

  	
   

  	
   

  
	
  March 01, 2006

  	
   

  	
  March 01, 2006

  
	
   

  	
   

  	
   

  
	
  Seal here

  	
   

  	
  Seal here

  

 

 7

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