Document:

Exhibit 4.54

 

[National emblem of Ukraine]

 

LICENSE

 

	
  Series AA

  	
   

  	
  No. 720189

  

 

MINISTRY OF TRANSPORT AND
COMMUNICATIONS OF UKRAINE

 

STATE DEPARTMENT FOR
COMMUNICATION AND INFORMATIZATION

OF UKRAINE

 

	
  Economic activity type

  	
   

  	
  Construction and maintenance of communication
  networks with mobile objects and provision of services using these objects on
  the territory of Ukraine subject to the License terms and conditions

  
	
   

  	
   

  	
   

  
	
  Legal entity name

  	
   

  	
  Closed Joint Stock Company

  
	
   

  	
   

  	
  “Ukrainian Mobile Communications”

  
	
   

  	
   

  	
   

  
	
  Legal entity identification code

  	
   

  	
  14333937

  
	
   

  	
   

  	
   

  
	
  Legal entity location

  	
   

  	
  15 Leipzigska
  street, Kyiv, 01015, Ukraine

  
	
   

  	
   

  	
   

  
	
  Date and number of

  	
   

  	
   

  
	
  license reissue resolution

  	
   

  	
  24/12/04 No. 37

  
	
   

  	
   

  	
   

  
	
  License duration

  	
   

  	
  from 29/12/04 till 03/12/13

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Director

  	
   

  	
  [signature]

  	
  I.V. Kravets

  
	
   

  	
   

  	
   

  	
   

  
	
  Official seal:          State Department for Communication and
  Informatization of Ukraine, Kyiv, Ukraine, identification code 33240054

  
	
   

  	
   

  	
   

  	
   

  
	
  Date of issue of the license

  	
   

  	
  29/12/04

  

 

Reissued license series AA dated 12/11/02 No.
223305

 

 

SPECIAL TERMS:

 

1.             This License enables the Licensee to develop,
construct, own, and operate the NMT-450, Nordic Standard, GSM-900, PSN,
DCS-1800 public usage cellular communication networks and provide the relevant
communication services.

 

 

	
  Director

  	
  [signature]

  	
  I.V. Kravets

  

 

Official seal:          State Department for Communication and
Informatization of Ukraine, Kyiv, Ukraine, identification code 33240054Exhibit 4.55

 

[National emblem of Ukraine]

 

LICENSE

 

	
  Series AB

  	
   

  	
  No. 120375

  

 

NATIONAL
COMMISSION FOR COMMUNICATIONS REGULATION OF UKRAINE

 

	
  Economic activity type

  	
   

  	
  Provision  of portable (mobile)
  telephone communication services with the right of maintenance and operation
  of telecommunication networks and provision of use of electric communication
  channels throughout the territory of Ukraine subject to the
  License terms and conditions for provision of portable (mobile) telephone
  communication services with the right of maintenance and operation of
  telecommunication networks and provision of use of electric communication
  channels

  
	
   

  	
   

  	
   

  
	
  Legal entity name

  	
   

  	
  CLOSED JOINT STOCK COMPANY

  
	
   

  	
   

  	
  “UKRAINIAN MOBILE COMMUNICATIONS”

  
	
   

  	
   

  	
   

  
	
  Legal entity identification code

  	
   

  	
  14333937

  
	
   

  	
   

  	
   

  
	
  Legal entity location

  	
   

  	
  15 Leipzigska
  street, Kyiv, 01015, Ukraine

  
	
   

  	
   

  	
   

  
	
  Date and number of

  	
   

  	
   

  
	
  license reissue resolution

  	
   

  	
  13/07/06 No. 327

  
	
   

  	
   

  	
   

  
	
  License duration

  	
   

  	
  15 years

  

 

 

	
  Chairman

  	
   

  	
  [signature]

  	
   

  	
  O. Haiduk

  

 

Official seal:          National Commission For Communications
Regulation Of Ukraine, Kyiv, Ukraine,
identification code 33349546

 

	
  Date of issue of the license

  	
   

  	
  28/09/06

  

 

 

SPECIAL TERMS:

 

Provision of portable (mobile) telephone
communication services is allowed using CDMA-450 standard digital cellular
radio communication, with the right of maintenance and operation of
telecommunication networks and provision of use of electric communication
channels, using the radio frequencies as specified in license No. 5196 dated
28/09/06.

 

 

	
  Chairman

  	
  [signature]

  	
   

  	
  O. Haiduk

  

 

Official seal:          National Commission For Communications
Regulation Of Ukraine, Kyiv, Ukraine,
identification code 33349546Exhibit 10.1

 

	
   

  	
  APPROVED

  
	
   

  	
  by

  
	
   

  	
  Mobile TeleSystems

  
	
   

  	
  Open Joint Stock Company

  
	
   

  	
  Board of Directors Resolution

  
	
   

  	
  Dated May
  18, 2006, Protocol No 82

  

 

MOBILE TELESYSTEMS OJSC

CODE OF ETHICS FOR SENIOR OFFICERS

 

Moscow

2006

 

 

1.                                      INTRODUCTION

 

1.1 Purpose

 

This Code of Ethics contains general guidelines for conducting the
business of Mobile TeleSystems Open
Joint Stock Company (the “Company”) consistent with the highest
standards of business ethics. To the extent this Code requires a higher
standard than required by commercial practice or applicable laws, rules or
regulations, we adhere to these higher standards.

 

This Code applies to the
Company’s president, vice-presidents and directors of the departments of the
Company, including the directors of Macro Regions, and Regions where the
Company operates and any other person who performs similar functions for the
Company (collectively referred to herein as “senior officers”).

 

1.1.1                     Seeking Help and Information

 

This Code is not intended to be a comprehensive rulebook and cannot
address every situation that you may face. If you feel uncomfortable about a
situation or have any doubts about whether it is consistent with the Company’s
ethical standards, please contact the General Counsel meaning a Director of the Legal Department of MTS OJSC for the purposes
of this Code or, if you believe that the General Counsel is involved in
the matter, the Audit Committee meaning a Director of Internal Audit Department
of MTS OJSC for the purpose of this Code.

 

1.1.2                     Reporting Violations of the Code

 

All senior officers have a duty to report any known or suspected
violations of this Code, including any violations of laws, rules, regulations
or policies that apply to the Company. Reporting a known or suspected violation
by others should not be considered an act of disloyalty, but an action to
safeguard the reputation and integrity of the Company and its employees.

 

Compliance with terms and conditions of this Code is an official duty
of all senior officers supported by the corresponding record in the agreement
signed between them and the Company.

 

If you know of or suspect a violation of this Code, immediately report
the conduct to the General Auditor. The General Auditor will work with you to
investigate your concern. All reports of known or suspected violations of the
law or this Code will be handled sensitively and with discretion. The General
Auditor and the Company will protect your confidentiality to the extent
possible, consistent with law and the Company’s need to investigate your
concern. If you believe that the General Auditor is involved in the conduct
giving rise to the violation, you may report the conduct to the Audit
Committee.

 

It is prohibited to retaliate a senior officer who in good faith seeks
an assistance or informs on known or suspects a violation. Every repressions or
retaliation against a senior officer due to the fact that he or she in good
faith has been seeking an assistance or forwarded a notification shall be
reviewed and guilty persons shall be subject to discipline that may include
possible dismissal (termination of the employment).

 

It is Company policy that any senior officer who violates this Code
will be subject to appropriate discipline. This determination will be based
upon the facts and circumstances of

 

2

 

each particular situation. Senior officers who violate the law or this
Code shall be responsible in accordance with the effective legislation. Such
violation may expose the Company to substantial fines and penalties, damage the
Company’s reputation and standing in the community. Your conduct as a
representative of the Company, if it does not comply with the law or with this
Code, can result in serious consequences for both you and the Company.

 

1.2                               Waivers of the Code

 

Waivers of this Code will be granted on a case-by-case basis and only
in extraordinary circumstances. Waivers of this Code may be made only by our
Board of Directors or the Audit Committee and will be disclosed to the public
to the extent required by law.

 

2.                                      CONFLICTS OF INTEREST

 

2.1.                            Identifying Potential
Conflicts of Interest

 

A conflict of interest can occur when a senior officer’s private
interest interferes, or appears to interfere, with the interests of the Company
as a whole. You should avoid any private interest that influences your ability
to act in the interests of the Company or that makes it difficult to perform
your work objectively and effectively.

 

Identifying potential conflicts of interest may not always be clear-cut.
The following situations are examples of conflicts of interest:

 

•                  Outside
Employment. No senior officer should be employed by, serve as a director
of, or provide any services to a company that is a customer, supplier or
competitor of the Company.

 

•                  Improper
Personal Benefits. No senior officer should obtain any material (as to him
or her) personal benefits or favors because of his or her position with the
Company.

 

•                  Financial
Interests. No senior officer should have a significant financial interest
(ownership or otherwise) in any company that is a customer, supplier or
competitor of the Company. A “significant financial interest” means (i)
ownership of greater than [1]% of the equity of a customer, supplier or
competitor or (ii) an investment in a customer, supplier or competitor that
represents more than [50]% of an annual salary of the senior
officer.

 

•                  Loans or
Other Financial Transactions. No senior officer should obtain loans or
guarantees of personal obligations from, or enter into any other personal
financial transaction with, any company that is a customer, supplier or
competitor of the Company. This guideline does not prohibit arm’s-length
transactions with banks, brokerage firms or other financial institutions.

 

•                  Service on
Boards and Committees. No senior officer should serve on a board of
directors or trustees or on a committee of any entity (whether profit or
not-for-profit) whose interests reasonably would be expected to conflict with
those of the Company.

 

3

 

•                  Actions of
Family Members. The actions of family members outside the workplace may
also give rise to the conflicts of interest described above because they may
influence a senior officer’s objectivity in making decisions on behalf of the Company.
For purposes of this Code, “family members” include your spouse or
life-partner, brothers, sisters and parents, in-laws and children whether such
relationships are by blood or adoption.

 

In the event of an interested-party transaction/involvement of a family
member of a senior officer, a senior officer shall:

 

1.                                       inform the
Company on interest/involvement of a family member of the officer in this
company,

2.                                       avoid
participation in making a resolution on the transaction.

 

•                  Gifts,
representation actions and exerting pressure. Senior officers are
prohibited to accept from and give gifts1 in any form to clients, business
partners, their representatives or affiliated parties, enter into agreements
with third parties giving the right to receive cash as a remuneration for the
work performed being employed by the Company.

 

Please find below basic recommendations related to gifts and
participation in entertainment:

 

• It is
allowed to receive or offer formal gifts generally accepted in business
communication including gifts with value not exceeding 5.000 rubles.

 

• It is
allowed to accept invitations and invite to participate in meetings,
congresses, conferences related to business activity (e.g., training course,
business breakfast/lunch).

 

•                  Personal
relationships. Personal relationships may exist or be established between
senior officers and employees of the Company or between senior officers of the
Company and employees of a competitor, client company. Such relationships may
threaten independence or lead to a conflict of interests either de facto or
from the point of view of business circles of our employees or employees of the
competitors. In these situations senior officers shall either resolve the
situation affecting their independency (de facto or by implication), or seek
advice of the General Counsel to prevent a 
professional risk arising for the Company and relevant employees.

 

If you are uncertain whether a particular
company is a material customer, supplier or competitor, please contact the
General Counsel for assistance.

 

2.2                               Disclosure of Conflicts
of Interest

 

The Company requires that senior officers
disclose any situations that reasonably would be expected to give rise to a
conflict of interest. If you suspect that you have a conflict of interest, or
something that others could reasonably perceive as a conflict of interest, you
must report it to the General Auditor. The General Auditor will work with you
to determine whether you have a conflict of interest and, if so, how best to
address it. Although conflicts of interest are not automatically prohibited,
they are not desirable and may only be waived as described in “Waivers of the
Code” above.

 

4

 

3.                                      COMPANY RECORDS

 

Accurate and reliable records are crucial to our business. Our records
are the basis of our earnings statements, financial reports and other
disclosures to the public and guide our business decision-making and strategic
planning. Company records include booking information, payroll, travel and
expense reports, e-mails, accounting and financial data, evaluation and
performance records, electronic data files and all other records maintained in
the ordinary course of our business.

 

All Company records must be complete, accurate and reliable in all
material respects. Undisclosed or unrecorded funds, payments or receipts are
inconsistent with our business practices and are prohibited. You are
responsible for understanding and complying with our record keeping policy. Contact
the General Counsel if you have any questions.

 

4.                                      ACCURACY OF FINANCIAL REPORTS AND OTHER PUBLIC
COMMUNICATIONS

 

As a public company in the United States and the Russian Federation we
are subject to various securities laws, regulations and reporting obligations. Both
applicable law and our policies require the disclosure of accurate and complete
information regarding the Company’s business, financial condition and results
of operations to shareholders, potential investors, stock exchanges, Federal
Service on Financial Markets and Federal Antimonopoly Service and other
executive authorities. Inaccurate, incomplete or untimely reporting will not be
tolerated and may severely damage the Company and result in legal liability.

 

The Company’s senior officers have a special responsibility to ensure
that all of our disclosures are full, fair, accurate, timely and understandable.
The senior officers must also understand and strictly comply with generally
accepted accounting principles and all standards, laws and regulations for
accounting and financial reporting of transactions, estimates and forecasts.

 

Senior officers shall exercise vigilance in relation to facts of
inaccurate information reported and inform the General Auditor on these facts
on a timely basis. The following relates to the facts of suspicious activity to
be reported:

 

•                  Financial
results that are not in line with transactions used as a basis for these
results;

 

•                  Transactions
that have no justified business purpose;

 

•                  Requests to
avoid regular agreement and approval procedures.

 

5.                                      COMPLIANCE WITH LAWS AND REGULATIONS

 

Each senior officer has an obligation to comply with all laws, rules
and regulations applicable to the Company. These include laws covering bribery
and kickbacks, copyrights, trademarks and trade secrets, information privacy,
confidentiality of personal information, insider trading, illegal political
contributions, antitrust prohibitions, foreign corrupt practices, offering or
receiving gratuities, environmental hazards, employment discrimination or harassment,
occupational health and safety, false or misleading financial information or
misuse of corporate assets. Senior officers of the Company are expected to
understand and comply with all laws,

 

5

 

rules and regulations that apply to your position. If any doubt exists
about whether a course of action is lawful, you should seek advice from the
General Counsel.

 

6.                                      CONFIDENTIALITY

 

Every senior
officer shall keep confidentiality of information disclosed by the Company or
the Company’s customers except for the disclosure made under the sanction or
statutory requirement. Confidential information shall include all non-public
information that is in the event of disclosure may become beneficial to
competitors and damage the Company and its customers.

 

Please contact the
General Counsel if you have any doubts whether a specific information can be
disclosed or not. Confidentiality requirement shall survive termination of
employment of a senior officer. Unauthorized disclosure of confidential
information may damage competitiveness of the Company and its customers and
give rise to legal liability of a senior officer and/or the Company.

 

7.                                      CONDUCT OF BUSINESS

 

Every senior
officer shall make an effort to interact with customers, suppliers, competitors
and staff of the Company in good faith. No advantage shall be given to anybody
due to manipulations, intentional dissemblance, misuse of insider information,
misrepresentation of significant facts or any other dishonest behavior in
business practice.

 

In the event of any
disputes and arguments arising in a competitive struggle a priority shall be
given to negotiations and finding a compromise.

 

8.                                      SECURITY AND USE OF CORPORATE ASSETS

 

Senior officers of
the Company shall ensure security of the Company’s assets and efficiency of
their use. Theft, negligence and waste directly affect the Company’s
profitability. All assets of the Company shall be used for legal business
purposes.

 

For security and
proper use of the Company’s assets a senior officer shall:

 

•                  Take reasonable actions to
prevent theft of the company’s assets, their damage or misuse.

•                  Inform the General Auditor on
the theft of the Company’s assets, damage, misuse or suspicion of the above.

•                  Use the Company’s telephone
system, other electronic communication services, written materials and other
assets mainly for business purposes.

•                  Use the Company’s assets solely
for a legal business.

 

6

 

9.                                      CORPORATE INFORMATION AND RESOURCES

 

Senior officers of
the Companies shall be prohibited the following:

 

•                  Use corporate assets,
information or position for a mercenary motive;

•                  Use corporate assets,
information or position for a personal profit;

•                  Compete with the Company.

 

Senior officers of
the Company shall act for the Company’s benefit to promote the Company’s legal
interests under the above circumstances.

 

10.                               CONCLUSION

 

We expect all senior officers to adhere to these standards. Each senior
officer is separately responsible for his or her actions. Conduct that violates
the law or this Code cannot be justified by claiming that it was ordered by
someone in higher management or directors. If you engage in conduct prohibited
by the law or this Code, you will be deemed to have acted outside the scope of
your employment.

 

This Code and the matters contained herein are neither a contract of
employment nor a guarantee of continuing Company policy. We reserve the right
to amend, supplement or discontinue this Code and the matters addressed herein,
without prior notice, at any time.

 

This Code shall be our “code of ethics”
within the meaning of Section 406 of the Sarbanes-Oxley Act of 2002 and the
rules promulgated thereunder.

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]