Article 6. Method of payment

All amounts payable by the Borrower to the Lender under this Agreement, including, but not limited to, repayments of the Loan, payments of the Interest, the Overdue Interest, the Expenses, the Management Fee, shall be payable in the United States Dollars in net amounts receivable by the Lender and shall be paid by the Borrower in the full amount stated under this Agreement, without deduction or offset of any present or future income or other taxes, levies, charges or other with holdings or impositions of any nature whatsoever. If the Borrower is required to withhold income or other taxes or levies imposed on repayment of the Loan, payment of the Interest, the Overdue Interest, or other payments due to the Lender by or within Russia under this Agreement, the Borrower shall bear the taxes and/or levies regardless of their nature, and pay them to the relevant authorities.

Unless otherwise provided under this Agreement, all payments by the Borrower to the Lender under this Agreement, including, but not limited to repayments of the Loan, payments of the Interest, the Overdue Interest, the Expenses and the Management Fee, shall be made by telegraphic transfer, for good value, in the United States Dollars to the Lender’s account No. 15012 with the Chase Manhattan Bank N.A, London, Wallgate House, Coleman Street, London EC 2, England not later than 10: 00a.m. London time on the date each payment is due.

The Borrower shall sent pre-payment order by telex which provides amount with its value date to be paid, two business days before each due date to the Lender’s Bank as described above.

Unit 5

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