Correspondence pertaining to completion of contractual obligations

Dear Sirs,

Please note that we are completing the contractual obligations under our contract for the construction of the Power Station and are making arrangements to take back to Russia part of the building equipment and unused materials brought in on a re-exportation basis.

As you know it has recently become standard practice to sell building equipment and unused materials in the country of the Customer upon completion of the works on a “turn-key” basis. We intend to use it in the situation.

Since you have expressed intention to have the first option in purchasing our building equipment, we are sending you a list of our equipment and materials available for sale in your country.

All the equipment is serviceable and is going to be sold complete with a standard set of spare parts. The equipment will be available at reasonable prices and allowance is made for depreciation.

The prices do not include import duties, which should be paid by the Buyer in compliance with the customs regulations in force in your country.

Inspection of the equipment and materials can be made at any time convenient for you.

Yours faithfully,

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