Document:

EX-10.10

 Exhibit 10.10 

LOAN AGREEMENT 
 This agreement
(hereinafter referred to as the “Loan Agreement”) is made on 2nd day of August 2017 by and between: 

ZEMENIK TRADING LIMITED, a company incorporated in Cyprus with registered number 332806, registered office is at Dositheou, 42, Strovolos, 2028,
Nicosia, Cyprus, duly represented by its Directors Katerina Iosif and Panagiota Stylianou, acting under the Articles of Association (hereinafter referred to as the “Lender”), and 

ELQ INVESTORS VIII LTD, a company incorporated in England and Wales with registered number 9182214, having its registered office at Peterborough
Court, 133 Fleet Street, London, EC4A 2BB (hereinafter referred to as the “Borrower”), hereinafter together referred to as the “Parties”. 

 

	1.	THE LOAN 

  

	1.1	In accordance with the provisions and terms of this Loan Agreement the Lender grants the Borrower the loan in a principal amount not exceeding RUB 91 124 000 (Ninety-one million
one hundred twenty-four thousand rubles) (hereinafter referred to as the “Loan”). 

  

	1.2	The Loan shall be advanced to the Borrower in one or more tranches at Lender’s discretion within 90 (Ninety) calendar days of the date of delivery of a drawdown request from the Borrower and shall be repaid by the
Borrower in full or in part together with any accrued interest in accordance with the terms of this Loan Agreement. 

  

	1.3	The Loan shall be repaid to the following bank account of the Lender (or such other account as is notified in writing to the Borrower not later than 10 days before repayment is due): 

Beneficiary: ZEMENIK TRADING LIMITED 

IBAN: CY41 0020 0195 0000 3570 2219 3967 (RUB) 

Bank: Bank of Cyprus Public Company Ltd 

Swift BIC: BCYPCY2N 
  

	1.4	The term of the Loan is 11 months and it shall be repayable by the Borrower on the day falling 11 months after the date (if a business day in London and Cyprus, failing which it shall be repayable on the next succeeding
business day, which extension shall not be included in computing interest on the Loan) of this Agreement or earlier at any time at the Borrower’s discretion. 

 

	2.	REPRESENTATIONS 

  

	2.1	The Borrower represents that (a) it is a legal entity registered and carrying out activity in accordance with the laws of England and Wales in force; (b) all corporate procedures, statutory documents and
permissions necessary and required for the execution of this Agreement have been obtained and are effective, and this Agreement does not contradict the contractual limitations binding upon Borrower and its statutory documents; and (c) this
Agreement constitutes effective legal obligations of Borrower. 

  

	2.2	The Lender represents that: (a) it is a legal entity registered and carrying out activity in accordance with the laws of Republic of Cyprus in force; (b) all corporate procedures, statutory documents and
permissions necessary and required for the execution of this Agreement and the transactions contemplated herein have been obtained and are effective, and this Agreement does not contradict ant contractual limitations binding upon Lender and its
statutory documents; and (c) this Agreement constitutes effective legal obligations of Lender. 

  
 Page 1 of 3 

	3.	INTEREST 

  

	3.1	The interest on the Loan accrues on a monthly basis in the amount of 8.225% (the «Interest Rate») and is calculated using the formula provided in the clause 3.3. hereof. 

 

	3.2	Borrower shall pay to Lender interest on the Loan at the moment of full repayment of the total Loan amount. 

  

	3.3	Interest on the Loan Agreement shall be calculated using the following formula: 

 [The amount of
the interest for a month] = [Outstanding Loan amount] X Interest Rate/365/366 days X [the amount of calendar days in the respective month] 
  

	3.4	The interest on the Loan is not compounded. 

  

	3.5	In case of Borrower’s default on its obligations with respect to the Loan and/or interest payments, Lender has the right to charge the penalty to the defaulted amount in the amount of 0.025% (zero point zero two
five per cent) per day of default. Payment of penalty shall not discharge Borrower from repayment of the Loan and/or interest thereon. 

  

	4.	MISCELLANEOUS 

  

	4.1	The Loan Agreement comes into force on the date first written above. 

  

	4.2	Any notice sent under this Loan Agreement shall be submitted in writing personally, by mail, telex or fax to the addresses of both of the required Parties as indicated above or at any other address that the Parties may
notify the other Party. 

  

	4.3	The Parties may not transfer all or part of his rights or obligations under this Loan Agreement without written consent of the other Party. The Lenders consent to the Borrower’s assignment to an affiliate is not to
be unreasonably withheld. 

  

	4.4	Any amendments to this Loan Agreement can only be introduced in the form of a written document duly signed by the authorized representatives of Borrower and the Lender. Any changes, suspensions or extension of the term
of the Loan Agreement shall be made by additional agreement of the Parties. 

  

	4.5	This Agreement may be executed in any number of counterparts each of which when executed and delivered shall constitute a duplicate original, but all the counterparts shall together constitute the one agreement. No
counterpart shall be effective until each party has executed and delivered at least one counterpart. 

  

	4.6	No third parties shall have any rights under this Agreement under the Contracts (Rights of Third Parties) Act 1999. 

  

	4.7	The provisions of this Agreement shall be governed by the laws of England and Wales. 

  

	4.8	All disputes of the Lender with Borrower concerning the provisions of this Agreement, which cannot be settled by way of negotiations, shall be referred to and finally resolved by arbitration under the LCIA Rules, which
Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat or legal place of arbitration shall be London. The language to be used in the arbitral proceedings shall be English.

 Signature page follows 

  
 Page 2 of 3 

 IN WITNESS WHEREOF, the Parties acting through their authorised representatives have concluded and have signed
this Loan Agreement on the specified day. 
 Duly executed by the Parties: 

 

			
	For and on behalf of the Borrower:
		
	Signature:	 	  

		
	Name:	 	  

		
	Position:	 	  

	
	For and on behalf of the Lender:
		
	Signature:	 	  

		
	Name:	 	Katerina Iosif
		
	Position:	 	Director
		
	Signature:	 	  

		
	Name:	 	Panagiota Stylianou
		
	Position:	 	Director

  
 Page 3 of 3 

 Additional Agreement to the Loan Agreement dated 2 August 2017 

12 December 2017 
 ZEMENIK TRADING
LIMITED, a company incorporated in Cyprus with registered number 332806, registered office is at Dositheou, 42, Strovolos, 2028, Nicosia, Cyprus, duly represented by its Directors Katerina Iosif and Panagiota Stylianou, acting under the
Articles of Association (hereinafter referred to as the “Lender”), and 
 ELQ INVESTORS VIII LTD, a company incorporated in
England and Wales with registered number 9182214, having its registered office at Peterborough Court, 133 Fleet Street, London, EC4A 2BB (hereinafter referred to as the “Borrower”), 

hereinafter together referred to as the “Parties”, have entered into this additional agreement (the “Additional
Agreement”) to the loan agreement dated 2 August 2017 between the Parties, as amended, supplemented or restated from time to time (the “Loan Agreement”) which is attached to this Additional
Agreement in Annex 1 hereto and have agreed as follows. 
  

	1.	INTERPRETATION 

 Unless otherwise specifically defined herein, each capitalized term used herein shall
have the meaning assigned to such term in the Loan Agreement. In the event of any conflict or inconsistency between the provisions of this Additional Agreement and the Loan Agreement with respect to the matters set forth herein, the provisions of
this Additional Agreement shall prevail. 
  

	2.	AMENDMENTS 

 2.1   With effect from (and including) the Effective Date (as defined below), the
Parties agree that the following new clause 3.6 shall be added to clause 3 (Interest) of the Loan Agreement: 
 “Notwithstanding any other provisions
of this Agreement, with effect from (and including) the Effective Date and ending and (including) 31 March 2018 (such 120 day period, the “Excluded Period”), no interest shall accrue on the Loan. After the expiry
of the Excluded Period, interest shall continue to accrue on the outstanding amount of the Loan in accordance with this Agreement.” 
  

	3.	EFFECTIVE DATE 

 The Parties agree that the “Effective Date” shall be
1 December 2017. 
  

	4.	MISCELLANEOUS 

 4.1   Except as expressly amended hereby, all of the terms and provisions of
the Loan Agreement shall remain in full force and effect. 
 4.2   This Additional Agreement comes into force on the date first written above and
applies to the relations of the Parties that have arisen prior to such date. 
 4.3   The Parties agree that clause 4 (Miscellaneous) of the Loan
Agreement shall apply mutatis mutandis to this Additional Agreement. 
 Signature page follows 

  
 1 

 IN WITNESS WHEREOF, the Parties acting through their authorized representatives have concluded and have signed
this Additional Agreement on the specified day. 
 Duly executed by the Parties: 
  

			
	For and on behalf of the Borrower:
		
	Signature:	 	  

		
	Name:	 	  

		
	Position:	 	Director
	
	For and on behalf of the Lender:
		
	Signature:	 	  

		
	Name:	 	Katerina Iosif
		
	Position:	 	Director
		
	Signature:	 	  

		
	Name:	 	Panagiota Stylianou
		
	Position:	 	Director

  
 2 

 ANNEX 1 

  
 3EX-10.11

 Exhibit 10.11 

LOAN AGREEMENT’ 
 This Loan Agreement
(hereinafter referred to as the “Loan Agreement”) is made on this 10th day of October 2017 by and between: 

ZEMENIK TRADING LIMITED, a company incorporated in Cyprus with registered number 332806, registered office is at Dositheou, 42, Strovolos, 2028,
Nicosia, Cyprus, duly represented by its Directors Katerina Iosif and Panagiota Stylianou, acting under the Articles of Association, and authorized to sign all documents on behalf of the Company, acting on the basis of the Articles of Association,
(hereinafter referred to as the “Lender”), and 
 HIGHWORLD INVESTMENTS LIMITED, a company incorporated in the British Virgin
Islands (with registered number 1802016), whose registered office is at Trident Chambers, P.O. Box 146, Road Town, Tortola, BVI (hereinafter referred to as the “Borrower”), hereinafter together referred to as the
“Parties”. 
  

	1.	THE LOAN 

 1.1 Amount of the Loan 

In accordance with the provisions and terms of this Loan Agreement the Lender grants the Borrower the loan in a principal amount not exceeding RUB
1,200,000,000 (one billion two hundred million Russian rubles) (hereinafter referred to as the “Loan”). The Loan shall be disbursed to the following bank account: 

 

			
	 NAME:
	 	HIGHWORLD INVESTMENTS LIMITED
	 ACCOUNT NUMBER:
	 	357025773778
	 CURRENCY
	 	Russian Ruble
	 IBAN:
	 	CY18 0020 0195 0000 3570 2577 3778 (paper format)
		 	CY18002001950000357025773778 (electronic format)
	 SWIFT address (BIC code) of Bank of Cyprus Public Company Ltd is
BCYPCY2N.

 1.2 Terms of the Loan 
 The Loan
shall be advanced to the Borrower in one or more tranches at the Lender’s discretion within 90 (ninety) calendar days of the date of delivery of a drawdown request from the Borrower and shall be repaid by the Borrower in full or in part
together with any accrued interest in accordance with the terms of this Loan Agreement. 
 The Loan shall be repaid to the following bank account of the
Lender (or such other account as is notified in writing to the Borrower not later than 30 days before repayment is due): 
  

			
	 Beneficiary:
	 	ZEMENIK TRADING LIMITED
	 Account Number:
	 	3570 2219 3967
	 IBAN:
	 	CY41 0020 0195 0000 3570 2219 3967
	 Bank:
	 	Bank of Cyprus Public Ltd
	 Swift BIC:
	 	BCYPCY2N
	 RUB correspondent bank: JSC VTB BANK, MOSCOW

	 VORONTSOVSKAYA STR. 43,

109044 MOSCOW,

RUSSIA

  
 1 

			
	 A/C NO.:
	 	30111810055550000153
	 SWIFT NO.:
	 	VTBRRUMM XXX
	 BIK:
	 	044525187
	 INN:
	 	7702070139
	 KPP:
	 	997950001
	 Correspondent account:
	 	30101810700000000187

 The term of the Loan is 11 months and it shall be repayable by the Borrower on the day falling 11 months after the date of
this Agreement or earlier at any time at the Borrower’s discretion. 
  

	2.	REPRESENTATIONS 

 2.1 Borrower represents that: 

 

	 	•	 	it is a legal entity registered and carrying out activity in accordance with the laws of the British Virgin Islands in force; 

  

	 	•	 	all corporate procedures, statutory documents and permissions required for the execution of this Agreement have been obtained and are effective, and this Agreement does not contradict the contractual limitations binding
upon Borrower and its statutory documents; and 

  

	 	•	 	this Agreement constitutes effective legal obligations of Borrower. 

 2.2 Lender represents that: 

 

	 	•	 	it is a legal entity registered and carrying out activity in accordance with the laws of Republic of Cyprus in force; 

  

	 	•	 	all corporate procedures, statutory documents and permissions required for the execution of this Agreement and the transactions contemplated herein have been obtained and are effective, and this Agreement does not
contradict ant contractual limitations binding upon Lender and its statutory documents; and 

  

	 	•	 	this Agreement constitutes effective legal obligations of Lender. 

  

	3.	LOAN CONDITIONS. INTEREST 

 3.1 The interest on the Loan accrues on an annual basis in the amount of the
key rate established by the Central Bank of Russia for the relevant interest period and determined on a daily basis (www.cbr.ru) plus 2.5% per annum (the “Interest Rate”). 

3.2 Borrower shall pay to Lender interest on the Loan at the moment of full repayment of the total Loan amount. 

3.3 The interest on the Loan is not compounded. 
 3.4 In case of
Borrower’s default on its obligations with respect to the Loan and/or interest payments, Lender has the right to charge the penalty to the defaulted amount in the amount of 0.025% (zero point zero two five per cent) per day of default. Payment
of penalty shall not discharge Borrower from repayment of the Loan and/or interest thereon. 
  

	4.	MISCELLANEOUS 

 4.1 Term of the Loan Agreement 

 The Loan Agreement comes into force on the date first written above. 

4.2 Notifications 
 Any notice sent under this Loan Agreement
shall be submitted in writing with observance of the appropriate procedures while delivered personally, by mail, telex or fax to the addresses of both of the required Parties as indicated above or at any other address that the Parties may notify to
the other Party. 
 4.3 Successors 
 The Parties may not
transfer all or part of their respective rights or obligations under this Loan Agreement without preliminary written consent of the other Party. 
 4.4
Introduction of amendments 
 Any amendments to this Loan Agreement can only be introduced in the form of a written document duly signed by the authorised
representatives of the Borrower and the Lender. Any changes, suspensions or extension of the term of the Loan Agreement shall be made by additional agreement of the Parties. 

4.5 Counterparts 
 This Agreement may be executed in any number
of counterparts each of which when executed and delivered shall constitute a duplicate original, but all the counterparts shall together constitute the one agreement. No counterpart shall be effective until each party has executed and delivered at
least one counterpart. 
 4.6 Applicable law and jurisdiction 

This Agreement shall be governed by, and construed in accordance with, the laws of England and Wales. All disputes of the Lender with Borrower concerning the
provisions of this Agreement, which cannot be settled by way of negotiations, shall be referred to and finally resolved by arbitration under the LCIA Rules, which Rules are deemed to be incorporated by reference into this clause. The number of
arbitrators shall be one. The seat or legal place of arbitration shall be London. The language to be used in the arbitral proceedings shall be English. 

IN WITNESS WHEREOF, the Parties acting through their authorised representatives have concluded and have signed this Loan Agreement on the specified day, 

Duly executed by the Parties: 
  

			
	 signature
	 	
		
	Director	 	
	
	For and on behalf of the Borrower
	
	Mrs.     signature                     / Katerina Iosif
	
	Mr.       signature                        / Panagiota
Stylianou
	
	For and on behalf of the Lender

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