Legal Status of the Company

4.1. The Company shall be deemed established as a legal entity from the moment of its state

registration.

4.2. The Company shall have a round seal with the full corporate name of the Company in Russian

and the location of the Company. The seal may be specified company name in English.

The Company may use in their activities stamps and letterheads with its name, logo, and a duly

registered trademark, and other means of visual identification.

4.3. The Company has the right to speak on their own behalf in court, arbitration court, arbitration

court. The Company has a separate property accounted for on a separate sheet of the Company.

The Company may open in the prescribed manner and banking and other accounts, as in the

Russian Federation and abroad.

4.4. The Company may enter into contractual relations with other economic entities and public

authorities on the implementation of any of the lawful activities, including on issues that were not

reflected explicitly in the present Charter, but are related to the goals of the Company.

4.5. The Company is liable for its obligations with all its assets. The Company is not liable for the

obligations of its shareholders. Shareholders are not liable for the obligations of the Company

and bear the risk of losses associated with the Company's activities in the value of their shares.

Shareholders who have not fully paid shares are jointly and severally liable for the obligations of

the Company within the unpaid value of their shares.

4.6. The Company has civil rights and obligations provided for by the legislation of the Russian

Federation needed to carry out any activities that are not prohibited by federal law.

The Company has a total civil legal capacity and, in the case of obtaining the appropriate licenses

and permits (for certain activities) - also a special legal capacity in terms of the types of activity for

which such permits and licenses are obtained.

4.7. Company by the Board of Directors may establish its own or jointly with other companies,

partnerships, cooperatives, enterprises, institutions, organizations and citizens on the territory of

the Russian Federation and abroad enterprises and organizations with legal personality in any

permissible by applicable law organizational -pravovyh forms.

4.8. The Company may have subsidiaries and affiliated companies as a legal entity in the Russian

Federation, created in accordance with the legislation of the Russian Federation and outside

the Russian Federation - in accordance with the laws of a foreign country where the subsidiary

or affiliated companies, except as otherwise provided by an international treaty of the Russian

Federation. Subsidiaries are not responsible for the debts of the Company. Conditions and

procedure for the prosecution in the relationship between the Company and its subsidiaries

(affiliates) determined in accordance with the law applicable to the relationship between the

Company and its subsidiaries and affiliates.

4.9. Company is obliged to pay the legally established taxes and other mandatory payments.

4.10. In relations with the employees the Company shall follow the norms of labor legislation of the

Russian Federation and other normative legal acts containing norms of labor law.