Document:

Exhibit 4.15

 

SUPPLEMENTAL AGREEMENT 

No2011/83-2/4

TO AGREEMENT ON GRANTING 

OF CREDIT FACILITY

No 2011/83-1 DATED JULY, 13TH, 2011

 

This Supplemental Agreement is executed on 11 day of July 2013 in the City of Moscow

 

BETWEEN:

 

Mobile TeleSystems Open Joint Stock Company, a legal entity, established and registered in accordance with the laws of the Russian Federation, having its registered office at 4, Marksistskaya Str, 109147, Moscow, the Russian Federation, (hereinafter referred to as the “Borrower”),

 

AND

 

“ING BANK (EURASIA) ZAO” (Closed Joint Stock Company), a bank established and registered in accordance with the laws of the Russian Federation having its registered office at 36, Krasnoproletarskaya st., 127473, Moscow, the Russian Federation (hereinafter referred to as the “Bank”),

 

(jointly referred to as the “Parties” and each as the “Party”)

 

WHEREAS:

 

(1)         On July, 13th, 2011 the Parties entered into Agreement on granting of credit facility No 2011/83-1 (with all amendments and supplements – the “Agreement”), pursuant to the terms and conditions thereof the Bank agreed to make available to the Borrower the revolving credit facility in the amount of 2,500,000,000.00 (Two billion five hundred million) Rubles;

 

(2)         The Borrower has requested, and the Bank has agreed to amend and supplement the Agreement;

 

 

THE PARTIES HAVE AGREED ON THE FOLLOWING:

 

1.          DEFINITIONS

 

1.1. Save as the context of this Supplemental Agreement may expressly provide for otherwise, the terms defined in the Agreement shall have the same meaning in this Supplemental Agreement.

 

2.          AMENDMENTS

 

The Parties have agreed to make the following amendments to the Agreement:

 

1.1 The definition of <<Final Maturity Date>> contained in the sub-clause 1.1 of Clause 1 of the Agreement shall be replaced with the following wording:

 

““Final Maturity Date” shall mean July 14, 2014;”.

 

1.2 The sub-clause 1.1. of Clause 1 of the Agreement shall be supplemented with the following definition of “INGClient System” in the alphabetic order:

 

““INGOnline System” means the Bank’s electronic information exchange system for generating and transmitting instructions, information and other documents in electronic form, which is accessible to the Bank’s clients through the Internet;”.

 

1.3 Through the whole text of the Agreement all Clauses pertaining to and/or references to INGClient System shall be substituted with references to INGClient System and/ or INGOnline System.

 

1.4 The sub-point 3.5.1 of the sub-clause 3.5. of Clause 3 of the Agreement shall be replaced with the following wording:

 

“3.5.1 shall be signed by the chief executive officer of the Borrower or by a person, authorised on the Borrower’s behalf by respective power of attorney;”.

 

1.5 The sub-point 10.1.5. of the sub-clause 10.1 of Clause 10 of the Agreement shall be replaced with the following wording:

 

“10.1.5 receipt by the Bank of duly certified copies of latest financial statements of the

 

 

Borrower prepared in accordance with RAS certification of tax authorities of its acceptance or attachment of a copy of the report on receipt via electronic communication channels (for annual financial statements) or (if not applicable) signed by authorized persons of the Borrower and the Borrower’s seal;”;

 

1.6 The sub-point (ii) of sub-clause 17.1.1 of Clause 17 of  the Agreement shall be replaced with the following wording:

 

“(ii) not later than 15 (Fifteen) Business days after the end of the calendar month following the reporting period (quarter, half year, 9 (Nine) months) - the Borrower’s quarterly balance sheets and financial results accounts prepared in accordance with RAS, signed by authorized persons of the Borrower and Borrower’s seal, and not later than 15 (Fifteen) Business days after the end of the period, set by the legislation of the Russian Federation for the presentation of the annual accounting (financial) statements to the tax authorities - the Borrower’s annual financial statements (including balance sheet and financial results accounts) prepared in  accordance with RAS, stamped by tax authority on receipt or with attachment of a copy of the report on receipt via electronic communication channels;”.

 

3. MISCELLANEOUS

 

3.1. All other provisions of the Agreement shall remain unchanged.

 

3.2. This Supplemental Agreement shall enter into force on the date of its execution by all the Parties.

 

3.3. This Supplemental Agreement is executed in the Russian and English languages, whereas the Russian version of this Supplemental Agreement shall prevail in case of any discrepancies.

 

3.4. This Supplemental Agreement is signed in as many originals as Parties.Exhibit 4.16

 

JOINT-STOCK COMMERCIAL BANK “ROSBANK”

(OPEN JOINT-STOCK COMPANY)

 

AND

 

MOBILE TELESYSTEMS OPEN JOINT-STOCK COMPANY

 

 

ADDENDUM TO THE FACILITY AGREEMENT

 

 

 

THIS ADDENDUM TO FACILITY AGREEMENT No. RK/038/11 dated July 24th, 2012 (hereinafter, “Addendum”) entered into effect on October 26th, 2012 in the city of Moscow

 

Between:

 

(1)         The JOINT-STOCK COMMERCIAL BANK “ROSBANK” (Open Joint-Stock Company), a legal entity governed under the laws of the Russian Federation, located at: 11, Mashi Poryvayevoy street, Moscow city, 107078 (hereinafter, the “Lender”), as represented by Vladimir Yuryevich Golubkov, Chairman of the Board of Management, acting under the Articles of Association;

 

and

 

(2)         MOBILE TELESYSTEMS OPEN JOINT-STOCK COMPANY, a legal entity governed under the laws of the Russian Federation, located at: 4, Marksistskaya street, Moscow city, 109147 (hereinafter, the “Borrower”), as represented by A.V. Kornya, Vice-President and Chief Financial Officer, acting under the Power of Attorney No. 0530/10 dated June 06, 2010;

 

hereinafter, the Lender and the Borrower are collectively referred to as the “Parties”, and individually as “Party”.

 

WHEREAS:

 

(A)       The Facility Agreement No. RK/038/11 dated July 24, 2012, was entered into effect by the Parties (hereinafter, the “Facility Agreement”).

(B)       The Parties wish to modify certain terms and conditions of the Facility Agreement entered into effect by the Parties.

(C)       In accordance with paragraph 10.8 of the Facility Agreement, the Parties conferred and agreed to enter this Addendum into effect.

 

THEREFORE, THEY HAVE AGREED AS FOLLOWS:

 

1.                                      TERMS AND DEFINITIONS

 

1.1                               Capitalized terms used herein shall have the meaning set out and determined in the Facility Agreement, unless otherwise expressly provided herein.

 

2.                                      AMENDMENTS TO THE FACILITY AGREEMENT

 

2.1                               Subparagraph 8.1.3 of the Facility Agreement to be re-stated to read as follows:

 

“8.1.3. If a competent public authority of the Russian Federation or the Borrower’s authorized governance body made a decision for liquidation (reorganization in the form of a spin-off or split-up), an event occurred which, under applicable laws of the Russian Federation would result in such consequences, or if the Borrower terminated or significantly changed the nature of the activities it exercised at the time of Agreement being in effect.”

 

2.2 Subparagraph 8.1.4 of the Facility Agreement to be re-stated to read as follows:

 

“8.1.4. If a competent public authority of the Russian Federation made a decision or adopted a regulation, the implementation of which would prevent the Borrower from performance  of its obligations under the Agreement, or would result in the fact that such performance would be considered as contrary to the applicable laws of the Russian Federation.”

 

 

2.3 Subparagraph 8.1.5 of the Facility Agreement to be restated to read as follows:

 

“8.1.5. If an effective court ruling (in the Russian Federation) is available regarding recovery from the Borrower of the taxes and other payments to the budget of the Russian Federation, payable by the Borrower in accordance with the requirements of the applicable laws of the Russian Federation, to a total amount exceeding USD 250,000,000.00 (Two hundred and fifty million) or an equivalent amount in RUR at the exchange rate of the Bank of Russia at the date of such a ruling’s entry into force, failed to be executed by the Borrower within 60 (Sixty) calendar days after entry into force of a court ruling, provided that such court ruling remains in full force and effect.”

 

2.4 Subparagraph 8.1.7 of the Facility Agreement to be restated to read as follows:

 

“8.17 If the Borrower’s property, the book value of which exceeds 25% (Twenty five per cent) of the book value of the Borrower’s assets, to be determined based on consolidated financial statements prepared in accordance with the US GAAP as to the last reporting date, is seized, except for any seizures and other encumbrances in connection with:

 

· any claims filed against the Borrower, including a claim (claims) for the recovery of any amount, a claim (claims) for the transfer of the property or a claim (claims) for the invalidation of the transactions, and in connection with the entry into force of the court ruling on satisfaction of any such claim (claims) related to, based on or otherwise connected with the acquisition by the Borrower (any affiliate of the Borrower) of the interest in Bitel LLC, established and registered in accordance with the legislation of the Kyrgyz Republic, located at: 121, Chui avenue, Bishkek city, 720000, the Kyrgyz Republic;

 

· any disposal of all or some shares of MTS UKRAINE PrJSC (established and registered in accordance with the laws of Ukraine, located at: 15, Leiptsigskaya street, the city of Kiev, 01601, Ukraine) owned by the Borrower or any entity other that the Borrower’s affiliate, performed under a court ruling awarded in respect of or in accordance with such shares;

 

· any claims filed against the Borrower (including by any competent authorities and/or third parties), including a claim (claims) for the recovery of any amount, a claim (claims) for the transfer of the property or a claim (claims) for the invalidation of the transactions, and also in connection with the entry into force of the court ruling on satisfaction of any such claim (claims), related to, based on or otherwise connected with the acquisition by the Borrower (any affiliate of the Borrower) of the interest in Foreign Enterprise UZDUNROBITA Limited Liability Company established and registered in accordance with the Civil Code of the Republic of Uzbekistan, Law of the Republic of Uzbekistan No. 310-II dated December 06, 2001 On Limited and Additional Liability Companies, with the registered address: 24, Amira Temura street, Tashkent city, 100000, the Republic of Uzbekistan, taxpayer identification number 200656475 (hereinafter, the “FE Uzdunrobita LLC”); and also in connection with the initiation of any judicial, administrative, arbitration, or extrajudicial proceedings and (or) disputes, and (or) proceedings in respect of the economic, business, and (or) other activities of FE Uzdunrobita LLC and (or) the Borrower (and (or) any affiliate of the Borrower) as a participant of FE Uzdunrobita LLC.”

 

3.                                      MISCELLANEOUS

 

3.1                               The Facility Agreement as amended by this Addendum shall apply to all transactions which have been entered into effect in accordance with the Facility Agreement prior the date hereof, the obligations under which remain outstanding as at the date hereof, as well as to all future  transactions and future obligations arising out of these transactions that will occur after the execution hereof.

 

 

3.2                               Except for the changes and amendments introduced to the Facility Agreement hereby, all other provisions of the Facility Agreement shall remain in full force and effect.

 

3.3                               This Addendum shall enter into force upon its signature by the Parties and shall be an integral part of the Facility Agreement.

 

3.4                               This Addendum shall be governed by the laws of the Russian Federation. All disputes arising between the Parties in connection herewith shall be settled by the Moscow Arbitration Court in accordance with the procedure established by the laws of the Russian Federation.

 

3.5                               This Addendum is signed in two original copies in Russian, one for each Party.

 

 

IN WITNESS WHEREOF, the Parties have entered this Addendum into effect on the date specified in the statement hereof.

 

SIGNED

 

 

	
/Signature/
    	
 
    
	
Full name: V.Yu. Golubkov
    	
 
    
	
Title: Chairman of the Board of Management
    	
 
    
	
 
    	
 
    
	
/Signature/
    	
 
    
	
Full name: K.L. Istyagin
    	
 
    
	
Title: Chief Accountant
    	
 
    
	
 
    	
 
    
	
For and on behalf of:
    	
 
    
	
JOINT-STOCK COMMERCIAL
    	
 
    
	
BANK “ROSBANK”
    	
 
    
	
(Open Joint-Stock Company)
    	
 
    
	
 
    	
 
    
	
[Seal here]
    	
 
    
	
 
    	
 
    
	
Official seal:
    	
 
    
	
MOSCOW
    	
 
    
	
OPEN JOINT-STOCK COMPANY
    	
 
    
	
Joint-Stock Commercial Bank   ROSBANK
    	
 
    
	
S.R. No. 36487
    	
 
    
	
 
    	
 
    
	
/Signature/
    	
 
    
	
Full name: A.V. Kornya
    	
 
    
	
Title: Vice-President and Chief Financial   Officer
    	
 
    
	
 
    	
 
    
	
/Signature/
    	
 
    
	
Full name: I.R. Borisenkova
    	
 
    
	
Title: Chief Accountant
    	
 
    
	
 
    	
 
    
	
For and on behalf of:
    	
 
    
	
Mobile Telesystems
    	
 
    
	
Open Joint-Stock Company
    	
 
    
	
 
    	
 
    
	
[Seal here]
    	
 
    
	
 
    	
 
    
	
Official seal:
    	
 
    
	
MOSCOW
    	
 
    
	
Mobile TeleSystems Open Joint-Stock Company
    	
 
    
	
PSRN 1027700149124
    	
 
    
	
MTS

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