Liquidation of the Company.

The Company may be voluntarily liquidated in accordance with the Civil Code, subject to the

requirements of the Federal law and the Charter of the Company.

Company may be liquidated by a court on the grounds stipulated by the Civil Code of the Russian

Federation.

Liquidation of a company results in its termination without the transfer of rights and obligations in

the order of succession to other persons.

Liquidation of the Company in a manner and within the time limits set out in Articles 21 - 24 of the

Federal Law, the Civil Code and the laws of the Russian Federation.

General Meeting of Shareholders of the Company liquidated voluntarily decides to liquidate the

Company and the appointment of the liquidation commission.

Since the appointment of the liquidation commission shall have all powers to manage the affairs

of the Company. The liquidation commission on behalf of the Company in liquidation appears in

court.

Liquidation of the Company shall be deemed completed and the Company - ceased to exist from

the moment of state registration authority a corresponding entry in the Unified State Register of

Legal Entities.

Distribution of assets in liquidation of the Company among its shareholders in accordance with the

procedure set forth in Article 23 of the Federal law.

Upon completion of the liquidation of the Company's permanent records, scientific and historical

value are transferred to the state archives, personnel documents (orders, personal and business

cards, personal accounts, etc.) shall be deposited in the archives of the administrative district the

territory of which the Company is located.

Transfer and ordering of documents is carried out by the Company and at the expense of the

Company in accordance with the requirements of the archival authorities.