EX-4.43 7 d143572dex443.htm EX-4.43 EX-4.43

Exhibit 4.43

 

  

To the Moscow City Arbitration Court

17 Bolshaya Tulskaya St., 115191 Moscow

 

Plaintiff: Sberbank of Russia Public Joint-Stock Company (Sberbank PJSC)

INN 7707083893 OGRN 1027700132195

Date of incorporation: 20.06.1991

19 Vavilova St., 117997 Moscow

 

Defendant: Open Joint-Stock Company Southern Kuzbass Coal Company (Southern Kuzbass OAO)

 

INN 4214000608 OGRN 1024201388661

Date of incorporation: 04.06.1993

6 Yunosti St., Mezhdurechensk, Kemerovo

Region, 652877

 

Case No. A40-187416/15

AMICABLE AGREEMENT

 

Moscow   December 18, 2015

Sberbank of Russia Public Joint-Stock Company (Sberbank PJSC), hereinafter referred to as the Plaintiff, represented by Maxim Nikolaevich Degtiarev, Vice-President - Director of Toxic Assets Division of Sberbank PJSC, acting under Power of Attorney No. 55-Д as of February 25, 2015, on the one part, and

Open Joint-Stock Company “Southern Kuzbass Coal Company” (Southern Kuzbass OAO), hereinafter referred to as the Defendant, represented by General Director of Mechel Mining Management Company OOO (abbreviated name Mechel Mining Management Company OOO, OGRN 1085410004811, having a principal place of business at: 1 Krasnoarmeyskaya St., Moscow, 125167, Russian Federation), functioning as the sole executive body of Southern Kuzbass OAO under the agreement on delegation of authority of sole executive body of Southern Kuzbass OAO to the management company Mechel Mining Management Company OOO as of October 21, 2013, Pavel Viktorovich Shtark, acting under the Articles of Association of Mechel Mining Management Company OOO and the Articles of Association of Southern Kuzbass OAO, on the other part, hereinafter, when the Plaintiff and the Defendant are mentioned together, collectively referred to as the Parties,

being the parties to case No. A40-187416/15 involving the lawsuit of Sberbank PJSC, for the purpose of voluntary settlement of the dispute have made this Amicable Agreement as follows:

1. This Amicable Agreement is made by the Parties according to Articles 139, 140 of the Arbitration Procedural Code of the Russian Federation in order to settle the dispute arising from non-fulfilment of the Defendant’s obligation to repay the loan amount, arrears of loan interest and default interest, resulting from Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 and Novation Agreement No. 5594 as of 04.03.2013 (hereinafter referred to as the Credit Agreement), as well as the expenses for payment of the state duty in connection with the recovery by enforcement.

2. The Defendant acknowledges the Plaintiff’s claim as of 02.10.2015 (inclusive) in the amount of USD273,070,874.78 (for the First part of credit facility), including:

 

Penalty indebtedness in USD

      690,612.99   

including for principal arrears (as of 02.10.2015)

      155,415.77   

including for arrears of interest (from 18.04.2015 to 02.10.2015)

      535,197.22   

Interest for loan in USD

      14,531,374.29   

including indebtedness due

      0.00   

including past-due indebtedness (from 29.03.2015 to 01.10.2015)

      14,531,374.29   

Principal amount of loan in USD

      257,848,887.50   

including indebtedness due

      0.00   

including past-due indebtedness (as of 02.10.2015)

      257,848,887.50   

and in the amount of RUR1,698,922,048.99 (for the Second part of credit facility), including:

 

Penalty indebtedness in RUR

      2,664,578.43   

including for principal arrears (as of 02.10.2015)

      1,148,493.15   

including for arrears of interest (from 30.06.2015 to 02.10.2015)

      1,516,085.28   

Interest for loan in RUR

      96,257,470.56   

including indebtedness due

      0.00   

including past-due indebtedness (from 29.03.2015 to 01.10.2015)

      96,257,470.56   

Principal amount of loan in RUR

      1,600,000,000.00   

including indebtedness due

      0.00   

including past-due indebtedness (as of 02.10.2015)

      1,600,000,000.00   

3. As of the date of making the Amicable Agreement the amount of unpaid penalties accrued to the sum of:

3.1. the principal arrears for the First part of credit facility over the period from 02.10.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall be restated based on the penalty in the amount of 11 (eleven) per cent per annum;

3.2. the principal arrears for the Second part of credit facility over the period from 02.10.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall be restated based on the penalty in the amount of 13.1 (thirteen point one) per cent per annum;

3.3. arrears of interest for the First part of credit facility over the period from 18.04.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall not be collected from the Defendant;

3.4. arrears of interest for the Second part of credit facility over the period from 30.06.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive) shall not be collected from the Defendant.

4. Considering Article 3 of the Amicable Agreement, the Defendant’s indebtedness to the Plaintiff under the Credit Agreement as of the date of making the Amicable Agreement (inclusive) for the First part of credit facility comprises:

 

     Amount, USD  

Arrears of loan indebtedness (as of 02.10.2015)

      257,848,887.50   

Arrears of loan interest (for the period from 29.03.2015 to 01.10.2015 (inclusive both dates))

      14,531,374.29   

Penalty for late transfer of payment for credit settlement (for the period from 02.10.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive))

      5,983,507.06   
  

 

 

  

Total:

      278,363,768.85   
  

 

 

  

and for the Second part of credit facility comprises:

 

     Amount, RUR  

Arrears of loan indebtedness (as of 02.10.2015)

      1,600,000,000.00   

Arrears of loan interest (for the period from 29.03.2015 to 01.10.2015 (inclusive both dates))

      96,257,470.56   

Penalty for late transfer of payment for credit settlement (for the period from 02.10.2015 (inclusive) to the date of signing the Amicable Agreement (exclusive))

      44,216,986.30   
  

 

 

  

Total:

      1,740,474,456.86   
  

 

 

  

5. The Defendant undertakes to settle the acknowledged debt specified in Art. 4 of the Amicable Agreement in the amount of USD278,363,768.85 (for the First part of credit facility) and in the amount of RUR1,740,474,456.86 (for the Second part of credit facility) as follows:

5.1. The indebtedness specified in Art. 4 of the Amicable Agreement shall be paid off by the Defendant as a lump sum on 22.12.2015.

5.2. Should within the period till 22.12.2015 (inclusive) any of the following circumstances occur (in the aggregate):

 

  •   Sberbank Leasing AO and the companies of GC Mechel, being the parties in arbitration cases No. A40-61418/2015; A40-62474/2015; A40-61412/2015; A19-4864/2015; A19-4866/2015; A19-4863/2015; A19-4930/2015; A19-4865/2015; A19-4862/2015; A40-62069/15; A40-62071/2015; A40-61374/2015; A40-61992/2015; A58-1674/2015; A40-61208/2015; A45-6321/2015; A45-6591/2015; A45-6590/2015; A45-6589/2015; A45-10320/2015; A45-10321/2015; A45-10322/2015; A45-10324/2015; A40-61367/2015; A40-137407/2015; A40-137403/2015, A40-137399/2015; A40-99769/2015; A60-14978/2015; A60-14888/2015; A60-14982/2015; A60-14838/2015; A60-14980/2015; A60-15110/2015; A60-15218/2015; A60-15126/2015; A60-15137/2015; A60-15125/2015; A60-15124/2015; A60-15135/2015, have signed Amicable Agreements, and the companies of GC Mechel, being the parties to the above-mentioned amicable agreements, have transferred money in the aggregate amount of RUR900,000,000.00 to Sberbank Leasing AO for full reimbursement of legal expenses for all other proceedings involving Sberbank Leasing AO and fulfillment of the obligations established in the amicable agreements as for the specified arbitration cases;

 

•   the Plaintiff and Mechel OAO, Mechel Mining OAO, Mecheltrans OOO, Mechel Service OOO, Mechel Energo OOO, Mechel International Holdings GmbH, Mechel-Coke OOO have made an agreement for priority of creditor (Rights of first refusal);

 

•   the Plaintiff has received money under any agreement on cession of rights (demands) concerning the obligations of Southern Kuzbass OAO under Non-Revolving Credit Facility Agreements No. 5593 as of 09.10.2012, No. 5594 as of 09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and the Amicable Agreement to the mentioned Facility Agreements in the total amount equivalent to RUR31,500,000,000;

 

•   the Plaintiff and the Defendants, i.e. the companies of GC Mechel, being the parties in arbitration cases No. A40-187413/15, A40-187451/15, A40-187412/15, A40-187416/15, A71-8039/15, A40-135744/15, A40-83634/15, A19-9461/15, A40-110111/15, A40-86346/15, have signed Amicable Agreements;

 

  •   There are duly certified copies of resolutions of the Board of Directors of Public companies, i.e. the companies of GC Mechel, on convening general meetings of such companies’ shareholders provided to the Plaintiff with agenda including the issues on approval of such agreements to be made between the Plaintiff and each of the companies of GC Mechel (or any additional agreements thereto), being related party transactions and providing the Plaintiff with security for obligations of the companies of GC Mechel under the credit arrangement agreements made with the Plaintiff, considering any amendments as of December 21, 2015, if, according to the legislation, the resolution of such issue is attributed to the competence of the general meeting of public companies’ shareholders, i.e., the companies of GC Mechel;

•   there are no cases in charge on applications of the companies of GC Mechel and / or third parties as of 22.12.2015 on challenging:

 

  •   non-revolving credit facility agreements No. 5593 as of 09.10.2012, No. 5594 as of 09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and novation agreements thereto made between the Plaintiff and Southern Kuzbass OAO or any separate terms of such agreements and novation agreements thereto;

 

  •   agreements (or any separate terms thereof) providing the Plaintiff with security for obligations of Southern Kuzbass OAO under Non-Revolving Credit Facility Agreements No. 5593 as of 09.10.2012, No. 5594 as of 09.10.2012, No. 8507 as of 09.10.2012, No. 8508 as of 09.10.2012 and novation agreements thereto;

 

•   The Plaintiff has received the payments for reimbursement of past-due indebtedness to the Plaintiff relating to interest, fees and penalties for payment of the state duty in connection with hearing of cases in arbitration courts, equivalent to RUR3.3 bln in compliance with Appendix hereto,

The indebtedness specified in Art. 4 of the Amicable Agreement shall be paid off by the Defendant according to the following schedule:

5.2.1. for the First part of credit facility:

5.2.1.1. penalty for principal arrears (for the period from 02.10.2015 (incl.) to the date of signing the Amicable Agreement (excl.) in the amount of USD5,983,507.06 shall be paid by the Defendant on the final date of repayment of principal arrears for the First part of credit facility;

5.2.1.2. arrears of interest for the period from 29.03.2015 to 01.10.2015 (inclusive both dates) in the amount of USD14,531,374.29 shall be paid by the Defendant on the date of full repayment of principal arrears for the First part of credit facility;

5.2.1.3. Principal arrears:

5.2.1.3.1. The Defendant undertakes to settle principal arrears on 22.12.2015 in the amount calculated according to the following formula:

 

RUR28,306,889,041.09

  

 – USD445,840,072.19

 

Bank of Russia exchange rate as of 22.12.2015  

At that, if the calculated sum would have a negative value, the amount to be paid for principal arrears on 22.12.2015 will comprise USD 0 (nought).

At that, the calculated sum cannot exceed USD257,848,887.50.

5.2.1.3.2. The Defendant undertakes to settle the amount of principal arrears remaining after the payment calculated in compliance with the Art. 5.2.1.3.1 of the Amicable Agreement starting from 10.04.2017 according to the following schedule:

 

Payment

number

  

Repayment

date

  

Amount of payment in

portions from the rest

of principal arrears as

of April 10, 2017

  

Payment

number

  

Repayment

date

  

Amount of payment in
portions from the rest

of principal arrears as

of April 10, 2017

1   10.04.2017   1/37   20   10.11.2018   1/37
2   10.05.2017   1/37   21   10.12.2018   1/37
3   10.06.2017   1/37   22   10.01.2019   1/37
4   10.07.2017   1/37   23   10.02.2019   1/37
5   10.08.2017   1/37   24   10.03.2019   1/37
6   10.09.2017   1/37   25   10.04.2019   1/37
7   10.10.2017   1/37   26   10.05.2019   1/37
8   10.11.2017   1/37   27   10.06.2019   1/37
9   10.12.2017   1/37   28   10.07.2019   1/37
10   10.01.2018   1/37   29   10.08.2019   1/37
11   10.02.2018   1/37   30   10.09.2019   1/37
12   10.03.2018   1/37   31   10.10.2019   1/37
13   10.04.2018   1/37   32   10.11.2019   1/37
14   10.05.2018   1/37   33   10.12.2019   1/37
15   10.06.2018   1/37   34   10.01.2020   1/37
16   10.07.2018   1/37   35   10.02.2020   1/37
17   10.08.2018   1/37   36   10.03.2020   1/37
18   10.09.2018   1/37   37   10.04.2020   1/37
19   10.10.2018   1/37   X   X   X

5.2.1.3.3. Should within the period till 10.04.2017 (inclusive) any of the following circumstances occur (in the aggregate):

 

  •   The Plaintiff has received from the Defendant certified copies of concluded loan documentation (or written confirmations from GPB Bank (AO) and VTB Bank (PAO) correspondingly on the fact of making such loan documentation) for setting the schedule of repayment of principal arrears (loan indebtedness) similar to that specified in this paragraph under all credit agreements in force as of 01.04.2017 made between: i) GPB Bank (AO) as the creditor and the companies of GC Mechel as the borrowers; ii) VTB Bank (PAO) as the creditor and the companies of GC Mechel as the borrowers;

 

  •   the court has approved the amicable agreements between the Plaintiff and the Defendant on the following arbitration cases: No. A40-187413/15, A40-187451/15, A40-187412/15;

 

  •   The Plaintiff has been provided with duly certified excerpts from the minutes (or copies of such minutes) of general meetings of shareholders of the following companies of GC Mechel: Mechel OAO, the Defendant, ChMK PAO, Korshunov Mining Plant OAO, Izhstal OAO concerning decisions on approval of the agreements to be made between the Plaintiff and each of these companies of GC Mechel (or any additional agreements thereto), being related party transactions and providing the Plaintiff with security for obligations of the companies of GC Mechel under the credit arrangement agreements made with the Plaintiff, considering any amendments as of April 10, 2017, if, according to the legislation, the resolution of such issue is attributed to the competence of the general meeting of shareholders of such companies of GC Mechel;

instead of the schedule set in par. 5.2.1.3.2 of the Amicable Agreement, the Defendant undertakes to repay the remaining amount of principal arrears starting from 10.04.2020 according to the following schedule:

 

Payment

number

  

Repayment

date

  

Amount of payment in

portions from the rest

of principal arrears as

of April 10, 2017

  

Payment

number

  

Repayment

date

  

Amount of payment in
portions from the rest

of principal arrears as

of April 10, 2017

1   10.04.2020   1/37   20   10.11.2021   1/37
2   10.05.2020   1/37   21   10.12.2021   1/37
3   10.06.2020   1/37   22   10.01.2022   1/37
4   10.07.2020   1/37   23   10.02.2022   1/37
5   10.08.2020   1/37   24   10.03.2022   1/37
6   10.09.2020   1/37   25   10.04.2022   1/37
7   10.10.2020   1/37   26   10.05.2022   1/37
8   10.11.2020   1/37   27   10.06.2022   1/377
9   10.12.2020   1/37   28   10.07.2022   1/37
10   10.01.2021   1/37   29   10.08.2022   1/37
11   10.02.2021   1/37   30   10.09.2022   1/37
12   10.03.2021   1/37   31   10.10.2022   1/37
13   10.04.2021   1/37   32   10.11.2022   1/37
14   10.05.2021   1/37   33   10.12.2022   1/37
15   10.06.2021   1/37   34   10.01.2023   1/37
16   10.07.2021   1/37   35   10.02.2023   1/37
17   10.08.2021   1/37   36   10.03.2023   1/37
18   10.09.2021   1/37   37   10.04.2023   1/37
19   10.10.2021   1/37   X   X   X

5.2.2. for the Second part of credit facility:

5.2.2.1. penalty for principal arrears in the amount of RUR44,216,986.30 shall be paid by the Defendant on 22.12.2015;

5.2.2.2. arrears of interest in the amount of RUR96,257,470.56 shall be paid by the Defendant on 22.12.2015;

5.2.2.3. principal arrears in the amount of RUR1,600,000,000.00 shall be repaid by the Defendant on 22.12.2015.

6. The Defendant shall pay to the Plaintiff the interest accrued to the amount of principal arrears and arrears of interest specified in Art. 4 of the Amicable Agreement within the period starting from the date of signing the Amicable Agreement by the Parties to the date of full repayment of principal arrears and arrears of interest (Art. 5 of the Amicable Agreement) according to this paragraph:

6.1. Interest rate;

6.1.1. For the First part of credit facility is equal to LIBOR 3M rate as of the date of quotation plus 7 (seven) per cent per annum (hereinafter referred to as the Base Interest Rate 1).

LIBOR rate is defined as London Interbank Offered Rate in US dollars fixed by ICE Benchmark Administration Limited (published by Thomson Reuters on the page LIBOR01 of the Reuters information system).

From the date of signing the Amicable Agreement to January 10, 2016 (inclusive), the interest rate is set in the amount of LIBOR 3M as of 3 p.m. Moscow time of the date of signing the Amicable Agreement plus 7 (seven) per cent per annum.

Then the Base Interest Rate shall be set quarterly for the corresponding period for defining the rate by means of the Plaintiff’s notification in writing sent to the Defendant with indication of the interest rate set for the Period of defining the rate determined according to the following table:

 

Date of LIBOR 3M rate quotation

   

Period for defining the rate

Date 2 (two) working days preceding January 11    from January 11 to April 10 (inclusive both dates)
Date 2 (two) working days preceding April 11    from April 11 to July 10 (inclusive both dates)
Date 2 (two) working days preceding July 11    from July 11 to October 10 (inclusive both dates)
Date 2 (two) working days preceding October 11    from October 11 to January 10 (inclusive both dates)

The amount of LIBOR 3M rate is set in compliance with the data indicated on the page LIBOR01 of the Reuters information system as of 3 p.m. Moscow time of the date of quotation.

If on the date of LIBOR 3M rate quotation provided for in the Amicable Agreement:

 

  •   there is no LIBOR 3M rate published on the mentioned page (including for the reason of holiday / non-working day), the amount of LIBOR 3M rate shall be set on the basis of latest previous date of quotation;

 

  •   the period for which there is no LIBOR 3M rate published on the mentioned date comprises not less than 10 (ten) working days (for the reasons not associated with holidays / non-working days or temporary technical failure when publishing the rates), the variable interest rate shall be replaced with the fixed interest rate in the amount of 11 (eleven) per cent per annum. At that, if LIBOR rate is published again, the fixed interest rate shall be replaced with the Base Interest Rate from the next Interest Period.

At that, the interest rate shall be changed by means of the Plaintiff’s notification in writing sent to the Defendant with indication of change of the interest rate. In the event that the Defendant did not receive the mentioned notification, the interest rate is calculated by the Defendant independently in compliance with the Amicable Agreement.

The Plaintiff shall also forward the copy of such notification to the Defendant’s email corpfin@mechel.com within 5 (five) working days.

6.1.2. For the Second part of credit facility is equal to the current benchmark rate of the Bank of Russia plus 3.5 (three point five) per cent per annum (hereinafter referred to as the Base Interest Rate 2). The benchmark rate is published on the website of the Bank of Russia and available in open sources. The interest rate is changed from the date when the Bank of Russia has changed the benchmark rate.

At that, the interest rate shall be changed by means of the Plaintiff’s notification in writing sent to the Defendant with indication of change of the interest rate. In the event that the Defendant did not receive the mentioned notification, the interest rate is calculated by the Defendant independently in compliance with the Amicable Agreement. The Plaintiff shall also forward the copy of such notification to the Defendant’s email corpfin@mechel.com within 5 (five) working days.

6.2. The interest is accrued to the amount of principal arrears specified in Art. 4 of the Amicable Agreement from the date of signing the Amicable Agreement to the date of full repayment of indebtedness (inclusive).

The interest is accrued to the amount of arrears of interest specified in par. 5.2.1.2 of the Amicable Agreement from the day following the date of signing the Amicable Agreement to the date of full repayment of indebtedness (inclusive).

6.3. Interest payment procedure:

6.3.1. The interest hereunder accrued from the date of signing the Amicable Agreement by the Parties to January 10, 2016 shall be paid on January 10, 2016.

6.3.2. The interest hereunder accrued from 11.01.2016 shall be paid monthly on the 10th day of each calendar month from February, 2016 (hereinafter referred to as the Interest Payment Date) and on the date of full repayment of principal arrears.

6.3.3. For the purposes of Art. 6 hereof the term “Interest Period” shall mean each of the following periods:

 

  •   the period of time from the date of signing the Amicable Agreement by the Parties (inclusive) to 10.01.2016;

 

  •   periods between consecutive Interest Payment Dates.

6.3.4. The part of interest accrued in each Interest Period to be defined in compliance with par. 6.3.6 of the Amicable Agreement shall be paid within the time limits provided for in par. 6.3.1 and 6.3.2 of the Amicable Agreement (hereinafter referred to as the Payable Interest).

6.3.5. The part of interest accrued in each Interest Period to be defined in compliance with par. 6.3.6 of the Amicable Agreement shall be paid by the Defendant on the last date of repayment of principal arrears for the First part of credit facility (hereinafter referred to as the Capitalized Interest).

At that, the amount of the accrued Capitalized Interest is charged with the interest for the Base Interest Rate 1, which shall be paid by the Defendant together with the Capitalized Interest.

6.3.6. The relation between the Payable and Capitalized Interest for the First part of credit facility of each Interest Period shall be defined as follows:

 

Joint debt / EBIDTA

relation value

   

Payable Interest

(per cent per annum)

   

Capitalized Interest

(per cent per annum)

more than 6.01 (six point nought one)    LIBOR 3M + 5 (Five)    2 (Two)
more than 5.01 (five point nought one) to 6.01 (six point nought one)    LIBOR 3M + 5,5 (five point five)    1,5 (One point five)
more than 4.01 (four point nought one) to 5.01 (five point nought one)    LIBOR 3M + 6 (Six)    1 (One)
4,01 (four point nought one) and less    LIBOR 3M + 7(Seven)    0 (Nought)

The Parties agreed that from the date of signing the Amicable Agreement to the date of provision of the first Certificate according to the paragraph below when defining the rate of the Payable Interest the Parties shall base on the relation value Joint debt / EBITDA more than 6.01 (six point nought one).

For the purposes of Art. 6 of the Amicable Agreement, the term GC Mechel means Open Joint-Stock Company Mechel (Mechel OAO, address: 1 Krasnoarmeyskaya St., Moscow, 125167, Russian Federation, INN 7703370008, OGRN 1037703012896), and the companies, the composition of which is defined as of the certain period in the consolidated financial statements of Mechel OAO prepared in accordance with IFRS or US GAAP for the previous reporting period.

For the purposes of Art. 6 of the Amicable Agreement, the term “Joint Debt” means the total “Financial Indebtedness” of GC Mechel’s companies to third parties not belonging to GC Mechel calculated in compliance with IFRS / US GAAP.

 

Financial Indebtedness   

Any indebtedness (without double accounting) as of the end of the corresponding Accounting Period, formed as a result of:

 

(a) receiving funds in the form of a loan, credit, overdraft or project financing;

 

(b) interest or other payments capitalization;

 

(c) obtained commodities and commercial credits for the term of more than 180 calendar days, issued letter of credit and banking guarantees;

 

(d) issue of bonds, notes, bills and any other debentures;

 

(e) conclusion of financial leasing agreements and rental contracts with obligation of buy-out upon expiration of such leasing agreement or rental contract;

 

(f) sale or discounting of accounts receivable (except for any accounts receivable alienated on a non-recourse basis);

 

(g) conclusion of factoring agreements with recourse;

 

(h) making financial derivative transactions in order to protect or get a benefit from fluctuation of any rates, interests or prices: at that, the amount of such financial derivative transaction will be calculated on the basis of market indicators at any given time;

 

(i) making repo or any other transactions representing borrowing in economic terms (or in compliance with accountancy requirements);

 

(k) assumption of indemnity obligations or reimbursement commitments for financial debts informed by third parties;

 

(l) sums received by issue of redeemable shares (except for the shares redeemable according to the issuer’s decision);

 

(m) assumption of duties of the surety or guarantee liabilities in relation to performance of any obligations by third parties for reimbursing the guarantor

  

with amounts of payment under bank guarantee; accounting of such guarantees is carried out according to actual indebtedness for the obligation to be provided, at that guarantees and surety commitments of several GC Mechel’s companies for the same obligations shall not be summed up; and

 

(n) other financial instruments not specified in any paragraphs of this definition qualified as indebtedness in compliance with IFRS / US GAAP.

For the purposes of Art. 6 of the Amicable Agreement, the term “EBITDA” shall mean the stated indicator calculated in compliance with IFRS / US GAAP for the corresponding reporting period.

 

EBIDTA   

Net revenue of GC Mechel determined in GC Mechel’s financial statements for the corresponding reporting period in order to calculate relation Joint debt / EBIDTA is set according to the table below in this paragraph of the Amicable Agreement:

 

(a) before deduction of any charges or payments associated with taxes on income;

 

(b) before addition of any interests, commissions, discounts and other fees received / receivable and deductible interests, commissions, discounts and other fees, paid / payable to any companies of GC Mechel as for Financial Indebtedness;

 

(c) without regard to any items that are considered to be exclusive or extraordinary, revenues and / or costs resulting from transactions and activities other than GC Mechel’s normal course of business, including any sums relating to:

 

•      costs and revenues associated with exchange rate differences;

 

•      results of revaluation of long-term assets or any revenues and costs connected with retirement of long-term assets belonging to any company of GC Mechel;

 

•      results of revaluation of contingent liabilities of any company of GC Mechel;

 

•      any revenues and costs resulting from alienation of any part or the whole share of any company of GC Mechel;

 

•      any sums related to writing off and reserves, as well as to any changes in reserves formed for impairment of indebtedness / assets;

 

•      profits from overdue accounts payable;

 

•      any amounts of penalties, fines, forfeits and their release;

 

•      any sums of other expenses qualified in the Borrower’s financial statements prepared in compliance with IFRS / US GAAP as the costs not associated with principal activity;

 

(d) before addition of profits and deduction of losses from assets / retirement benefit obligations;

 

(e) before addition of profits from incentive plans based on equity instruments;

 

(f) before deduction of amounts associated with depreciation or devaluation of intangible assets, including goodwill, and depreciation or devaluation of fixed assets;

 

(g) before deduction of losses or addition of profits of any affiliated company of GC Mechel relating to non-controlling interests;

 

(h) before addition of profits and losses enumerated in par. a)-g) relating to terminated activity.

The indicators specified above shall be determined for each Interest Period based on the last consolidated financial statements of GC Mechel prepared in compliance with IFRS / US GAAP for the reporting semi-annual / annual period preceding the current Interest Period and published on the website of GC Mechel online at www.mechel.com.

Calculation of the Joint debt / EBIDTA relation shall be provided by the Defendant to the Plaintiff in the form of official letter signed by the authorized executive body of the Defendant (in this Amicable Agreement referred to as the Certificate) not later than the Date of Submission specified in the table below and is applicable to the Interest Period specified in the table below.

 

No.

  

Reporting period for calculation of
Joint debt / EBIDTA

relation

    

Date of Submission,
not later than

    

Interest Period

  
1     01.01.2015-31.12.2015        28.06.2016        from 11.07.2016 to 10.11.2016   
2     01.07.2015-30.06.2016        28.10.2016        from 11.11.2016 to 10.07.2017   
3     01.01.2016-31.12.2016        29.06.2017        from 11.07.2017 to 10.10.2017   
4     01.07.2016-30.06.2017        28.09.2017        from 11.10.2017 to 10.07.2018   
5     01.01.2017-31.12.2017        29.06.2018        from 11.07.2018 to 10.10.2018   
6     01.07.2017-30.06.2018        28.09.2018        from 11.10.2018 to 10.07.2019   
7     01.01.2018-31.12.2018        29.06.2019        from 11.07.2019 to 10.10.2019   
8     01.07.2018-30.06.2019        28.09.2019        from 11.10.2019 to 10.07.2020   
9     01.01.2019-31.12.2019        28.06.2020        from 11.07.2020 to 10.10.2020   
10     01.07.2019-30.06.2020        28.09.2020        from 11.10.2020 to 10.07.2021   
11     01.01.2020-31.12.2020        29.06.2021        from 11.07.2021 to 10.10.2021   
12     01.07.2020-30.06.2021        28.09.2021        from 11.10.2021 to 10.07.2022   
13     01.01.2021-31.12.2021        29.06.2022        from 11.07.2022 to 10.10.2022   
14     01.07.2021-30.06.2022        28.09.2022        from 11.10.2022 to 10.04.2023   

If there is no Certificate provided to the Date of Submission, the last provided Certificate shall be applicable to the corresponding Interest Period.

7. In case of late transfer of payment for discharge of debt and / or repayment of interest after the date of signing the Amicable Agreement the penalties are charged in the amount of Base Interest Rate 1 and Base Interest Rate 2 accordingly in force hereunder on the first date of delay multiplied by 1.5 (one point five). At that, interest for the portion of principal arrears and / or arrears of interest and / or Capitalized Interest not paid within the time limits set forth herein shall not be accrued.

8. The Defendant undertakes to compensate the Plaintiff for expenses for payment of 50% of the state duty for hearing the case at the Moscow City Arbitration Court in the amount of 100,000.00 (one hundred thousand) rubles. The Defendant undertakes to transfer money to the Plaintiff’s account specified in Details of the Parties within 45 (forty five) calendar days after the date of rendering the decision by the Arbitration Court on approval of the Amicable Agreement.

9. In the event that the purpose of payment is not indicated in invoice document, the funds received for repayment of indebtedness hereunder shall be forwarded in the following priority order:

 

  •   for compensation of the state duty (Art. 8 of the Amicable Agreement);

 

  •   for paying off the arrears of Payable Interest for the Second part of credit facility (not paid within the time limits set forth in the Amicable Agreement (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement));

 

  •   for paying off the arrears of Payable Interest (not paid within the time limits set forth in the Amicable Agreement for the First part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement));

 

  •   for repaying the part of principal arrears for the Second part of credit facility not paid within the time limits set forth in the Amicable Agreement (Art. 5 of the Amicable Agreement);

 

  •   for repaying the part of principal arrears for the First part of credit facility not paid within the time limits set forth in the Amicable Agreement (Art. 5 of the Amicable Agreement);

 

  •   for repaying the part of principal arrears due for the Second part of credit facility (Art. 5 of the Amicable Agreement);

  •   for repaying the part of principal arrears due for the First part of credit facility (Art. 5 of the Amicable Agreement);

 

  •   for paying off the Payable Interest due for the Second part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement);

 

  •   for paying off the Payable Interest due for the First part of credit facility (par. 6.3.1 - 6.3.2, 6.3.4 of the Amicable Agreement);

 

  •   for repaying the interest accrued to the Capitalized Interest for the First part of credit facility in virtue of par. 6.3.5 of the Amicable Agreement;

 

  •   for repaying the arrears of interest for the Second part of credit facility; for repaying the arrears of interest and Capitalized Interest;

 

  •   for the First part of credit facility accrued in compliance with par. 6.3.5 - 6.3.6 of the Amicable Agreement;

 

  •   for paying off the penalties for principal arrears, penalties for arrears of interest (par. 5.2.2.1 of the Amicable Agreement);

 

  •   for paying off the penalties for principal arrears, penalties for arrears of interest (par. 5.2.1.1 of the Amicable Agreement);

 

  •   for paying off the penalties for default on obligations under the Amicable Agreement within the time limits for the Second part of credit facility (Art. 7 of the Amicable Agreement);

 

  •   for paying off the penalties for default on obligations under the Amicable Agreement within the time limits for the First part of credit facility (Art. 7 of the Amicable Agreement).

10. In case of full or partial non-performance by the Defendant of its obligations provided for in Art. 5-8 of the Amicable Agreement and / or in the Credit Agreement, the Plaintiff in compliance with Part 2 Art. 142 of the Arbitration Procedural Code of the Russian Federation may obtain at the Moscow City Arbitration Court an order of recovery by enforcement from the Defendant at the discretion of the Plaintiff of the lump sum or overdue part of the outstanding amount under the Amicable Agreement after deduction of payments already made by the Defendant.5-8 of the Amicable Agreement and / or in the Credit Agreement the Plaintiff in compliance with Part 2 Art. 142 of the Arbitration Procedural Code of the Russian Federation may obtain at the Moscow City Arbitration Court an order of recovery by enforcement from the Defendant at the discretion of the Plaintiff of the lump sum or overdue part of the outstanding amount under the Amicable Agreement after deduction of payments already settled by the Defendant.

11. The Parties hereby acknowledge that the Credit Agreement with all supplement agreements thereto made on the date of signing the Amicable Agreement (in this Agreement referred to as the Credit Agreement) remains in force considering the provisions of the Amicable Agreement. Conclusion of this Amicable Agreement shall neither terminate the Credit Agreement (it is not a Novation) nor cease the Defendant’s obligation to the Plaintiff under the Credit Agreement, which are not regulated hereby. Conclusion of this Amicable Agreement does not constitute the ground for terminating any other Defendant’s obligations to the Plaintiff, including those under the Credit Agreement, which are not regulated hereby. On the Defendant’s default under the Credit Agreement regarding the obligations not regulated hereby (for example obligations for paying off arrears of loan interest and / or the penalties for other periods different from those, for which the indebtedness shall be levied within this case, other provisions, including nonpayment obligations) the Plaintiff may go to the law with independent action.

12. Making this Agreement the Parties proceed from the fact that the Agreements made for providing proper performance of obligations under the Credit Agreement shall be valid and remain in force. Starting from entry of this Amicable Agreement into legal force, the above-mentioned Agreements shall provide proper performance of obligations under the Credit Agreement and this Amicable Agreement; conclusion of supplement agreements is not obligatory.

13. The Amicable Agreement shall come into effect from the date of its approval by the Moscow City Arbitration Court.

14. This Amicable Agreement is made in 4 originals: two originals for the Plaintiff, one for the Defendant and one for the Moscow City Arbitration Court.

15. In compliance with Art. 139, 140, 141 of the Arbitration Procedural Code of the Russian Federation, the Plaintiff and the Defendant ask the Court to approve this Amicable Agreement and cease proceedings on the case according to par. 2 of Art. 150 of the Arbitration Procedural Code of the Russian Federation.

16. The consequences of ceasing proceedings on the case provided for in part 3 of Art. 151 of the Arbitration Procedural Code of the Russian Federation are known to the Plaintiff and the Defendant.

Address, Details and Signatures of the Parties:

Plaintiff:

Legal address: 19 Vavilova St., Moscow, Russian Federation

Address and postal address: 19 Vavilova St., 117997 Moscow

INN 7707083893, OGRN 1027700132195, KPP 775001001, OKPO 00032537.

For transfer in RUR: account 30301810000006000014, correspondent account 30101810400000000225

at the Main Branch of the Bank of Russia in the Central Federal District, BIC: 044525225.

For transfer in US dollars:

Account with the institution: IRVTUS3N, Bank of New York Mellon, New York, NY

Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW

Sender to Receiver Information: /BNF/ 30301840300006000014

For transfer in EURO:

Account with the institution: DEUTDEFF, Deutsche Bank AG, Frankfurt am Main.

Beneficiary Institution: SABRRUMM, SBERBANK, MOSCOW

Sender to Receiver Information: /BNF/ 30301978900006000014,

Telephone: (495) 747-37-98. Fax: (495) 957-55-68.

Defendant:

Legal address: the Russian Federation, address: 6 Yunosti St., Mezhdurechensk, 652877, Kemerovo Region, Russian Federation

Address and postal address: 6 Yunosti St.,

Mezhdurechensk, 652877, Kemerovo Region, Russian Federation

INN 4214000608, OGRN 1024201388661, KPP 421401001, OKPO 26644096.

Settlement account: 40702810026070100405 at Kemerovo branch No. 8615

Sberbank PJSC

E-mail: corpfin@mechel.com

Telephone: 8 (38475) 7-22-00 (Help Desk), 7-22-37. Telefax: 8 (38475) 7-22-41.

 

PLAINTIFF     DEFENDANT
Vice-President - Director of Toxic Assets
Division of Sberbank PJSC		     General Director of Mechel Mining
Management Company OOO
[signature]   /M.N. Degtiarev /     [signature]   /P.V. Shtark/
[Seal]       [Seal]  

Appendix to the Amicable Agreement

Register of payments of GC Mechel for interest, fees, penalties and state duty

under the credit agreements with the Bank in the amount equivalent to RUR3.3 bln

 

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

1

    22.12.2015    ChMK PAO      6,473,824.91       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 26.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15

2

    22.12.2015    ChMK PAO      43,726,334.63       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15

3

    22.12.2015    ChMK PAO      349,142,440.96       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 for the period from 26.03.2015 to 25.06.2015 according to the court judgement for case No. A40-83634/15

4

    22.12.2015    ChMK PAO      8,122,067.92       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15

5

    22.12.2015    ChMK PAO      163,356,164.39       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2105 to 07.07.2015 according to the court judgement for case No. A40-83634/15

6

    22.12.2015    ChMK PAO      888,375.07       RUR    penalty for arrears of service fee under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 31.03.2015 to 07.07.2015 according to the court judgement for case No. A40-83634/15

7

    22.12.2015    ChMK PAO      403,253,424.65       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-83634/15

8

    22.12.2015    ChMK PAO      43,551,369.86       RUR    penalty for arrears of service fee under Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-83634/15

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

9

    22.12.2015    ChMK PAO     
 
 
 
 
 
 
 
 
 
 		 To be calculated
by the formula:
1,990,845,651.60
– 26,258,151.38
US dollars at the
rate of the Bank
of Russia as of
the date of each
payment in US
dollars within
this Appendix		   
  
  
  
  
  
  
  
  
  
  		    RUR    interest for loan (in arrears) under the Non-Revolving Credit Facility Agreement No. 5703 as of 19.12.2013 and/or the Non-Revolving Credit Facility Agreement No. 5321 as of 13.10.2010

10

    22.12.2015    Mechel Trading AG      12,826.02       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.2012 for the period from 31.03.2015 to 13.05.2015 and from 30.06.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15

11

    22.12.2015    Mechel Trading AG      171,513.80       USD    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.20 12 for the period from 31.03.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15

12

    22.12.2015    Mechel Trading AG      1,127,860.02       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5609 as of 20.12.2012 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-86346/15

13

    22.12.2015    Mechel Trading AG      4,275.34       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 31.03.2015 to 13.05.2015 and from 30.06.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15

14

    22.12.2015    Mechel Trading AG      57,171.27       USD    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 31.03.2015 to 20.07.2015 according to the court judgement for case No. A40-86346/15

15

    22.12.2015    Mechel Trading AG      375,953.34       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5624 as of 30.04.2013 for the period from 29.03.2015 to 28.06.2015 according to the court judgement for case No. A40-86346/15

16

    22.12.2015    Southern Kuzbass OAO      76,134.36       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.09.2014 according to the court judgement for case No. A40-159730/2014

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

17

    22.12.2015    Southern Kuzbass OAO      1,751,090.26       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.09.2014 to 14.11.2014 according to the court judgement for case No. A40-25992/2015

18

    22.12.2015    Southern Kuzbass OAO      94,824.08       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 30.12.2014 to 17.04.2015 according to the court judgement for case No. A40-25992/2015

19

    22.12.2015    Southern Kuzbass OAO      4,002,275.23       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 29.09.2014 to 28.03.2015 according to the court judgement for case No. A40-25992/2015

20

    22.12.2015    Southern Kuzbass OAO      30,331.51       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the Second part of credit facility) for the period from 30.09.2014 according to the court judgement for case No. A40-159730/2014

21

    22.12.2015    Southern Kuzbass OAO      1,132,651.28       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.20 12 (for the Second part of credit facility) for the period from 01.10.2014 to 17.04.2015 according to the court judgement for case No. A40-25992/2015

22

    22.12.2015    Southern Kuzbass OAO      120,292.29       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period 41912 according to the court judgement for case No. A40-159730/2014

23

    22.12.2015    Southern Kuzbass OAO      2,766,722.61       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 01.10.2014 to 14.11.2014 according to the court judgement for case No. A40-25992/2015

24

    22.12.2015    Southern Kuzbass OAO      148,671.61       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 30.12.2014 to 17.04.2015 according to the court judgement for case No. A40-25992/2015

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

25

    22.12.2015    Southern Kuzbass OAO      6,356,459.33       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the First part of credit facility) for the period from 29.09.2014 to 28.03.2015 according to the court judgement for case No. A40-25992/2015

26

    22.12.2015    Southern Kuzbass OAO      32,353.62       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period 41912 according to the court judgement for case No. A40-159730/2014

27

    22.12.2015    Southern Kuzbass OAO      1,208,161.37       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 01.10.2014 to 14.11.2014 according to the court judgement for case No. A40-25992/2015

28

    22.12.2015    Southern Kuzbass OAO      2,375,392.01       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.20 12 for the period from 30.09.2014 to 14.11.2014 according to the court judgement for case No. A40-159782/2014

29

    22.12.2015    Southern Kuzbass OAO      42,939.29       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 30.12.2014 to 29.01.2015 according to the court judgement for case No. A40-159782/2014

30

    22.12.2015    Southern Kuzbass OAO      2,885,977.16       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 29.09.2014 to 28.12.2014 according to the court judgement for case No. A40-159782/2014

31

    22.12.2015    Southern Kuzbass OAO      22,840.31       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 30.09.2014 according to the court judgement for case No. A40-159790/2014

32

    22.12.2015    Southern Kuzbass OAO      559,217.68       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 01.10.2014 to 17.11.2014 according to the court judgement for case No. A404724/15

33

    22.12.2015    Southern Kuzbass OAO      34,952.59       USD    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 30.12.2014 to 12.05.2015 according to the court judgement for case No. A40-4724/15

34

    22.12.2015    Southern Kuzbass OAO      1,193,088.37       USD    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 29.09.2014 to 28.03.2014 according to the court judgement for case No. A40-4724/15

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

35

    22.12.2015    Bratsk Ferroalloy Plant OOO      212,882.02       RUR    penalty for arrears of interest under the Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 27.09.2014 to 17.11.2014 according to the court judgement for case No. A19-16095/2014

36

    22.12.2015    Bratsk Ferroalloy Plant OOO      485,992.47       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.15 to 23.07.15 according to the court judgement for case No. A19-9461/15

37

    22.12.2015    Bratsk Ferroalloy Plant OOO      1,756,629.08       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.15 to 23.07.15 according to the court judgement for case No. A19-9461/15

38

    22.12.2015    Bratsk Ferroalloy Plant OOO      20,747,213.79       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.03.2015 to 25.06.2014 according to the court judgement for case No. A40-9461/15

39

    22.12.2015    Bratsk Ferroalloy Plant OOO      16,450,593.99       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 160 as of 14.10.2010 for the period from 26.06.2015 to 10.09.2015

40

    22.12.2015    Yakutugol OAO      23,416.94       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 26.05.2015 to 10.09.2015 according to the court judgement for case No. A58-3296/2015

41

    22.32.2015    Yakutugol OAO      202,409.33       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 07.05.2015 to 10.09.2015 according to the court judgement for case No. A58-3296/2015

42

    22.12.2015    Yakutugol OAO      979,365.17       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 01.03.2015 to 30.06.2015 according to the court judgement for case No. A58-3296/2015

43

    22.12.2015    Yakutugol OAO      1,312,539.70       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12 as of 23.04.2010 for the period from 01.07.2015 to 10.09.2015

44

    22.12.2015    Korshunov Mining Plant OAO      1,060,346.09       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 028 as of 16.03.2010 for the period of charging and not paid to 10.09.2015

45

    22.12.2015    Korshunov Mining Plant OAO      293,634.92       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 029 as of 16.03.2010 for the period of charging and not paid to 10.09.2015

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

46

    22.12.2015    ChMK PAO      30,435,616.39       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 74086 as of 22.12.2009 for the period from 21.01.2015 to 10.09.2015

47

    22.12.2015    Southern Kuzbass OAO      2,442,658.68       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 13 as of March 25, 2010 for the period from 01.04.2015 to 10.09.2015

48

    22.12.2015    Izhstal OAO      3,072.61       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

49

    22.12.2015    Izhstal OAO      128.02       RUR    penalty for arrears of payment under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

50

    22.12.2015    Izhstal OAO      20,139.04       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

51

    22.12.2015    Izhstal OAO      20,878.76       RUR    fee for credit account management under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.05.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15

52

    22.12.2015    Izhstal OAO      20,638.36       RUR    fee for credit account management under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.07.2015 to 10.09.2015

53

    22.12.2015    Izhstal OAO      501,090.41       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.05.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15

54

    22.12.2015    Izhstal OAO      495,320.54       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 4-NKL-I as of 13.02.2009 for the period from 11.07.2015 to 10.09.2015

55

    22.12.2015    Izhstal OAO      26,921.57       RUR    penalty for arrears of interest under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

56

    22.12.2015    Izhstal OAO      298.46       RUR    penalty for arrears of payment under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period 11.06.2015 from 11.07.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

57

    22.12.2015    Izhstal OAO      534,331.24       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.06.2015 to 13.07.2015 according to the court judgement for case No. A71-8039/15

58

    22.12.2015    Izhstal OAO      93,808.24       RUR    fee for credit account management under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 10.09.2015

59

    22.12.2015    Izhstal OAO      5,060,920.77       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.06.2015 to 10.07.2015 according to the court judgement for case No. A71-8039/15

60

    22.12.2015    Izhstal OAO      10,742,016.65       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 12-NKL-I as of 22.07.2010 for the period from 11.07.2015 to 10.09.2015

61

    22.12.2015    Yakutugol OAO      15,558.25       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A58-7389/2014

62

    22.12.2015    Bratsk Ferroalloy Plant OOO      4,107.75       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-188070/14

63

    22.12.2015    Mecheltrans OOO      4,107.75       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-188070/14

64

    22.12.2015    Bratsk Ferroalloy Plant OOO      66,133.83       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A19-16095/2014

65

    22.12.2015    Mechel OAO      66,133.83       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A19-16095/2014

66

    22.12.2015    Mechel Trading AG      957,232.93       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. 204/2014 (ICAC)

67

    22.12.2015    Mechel Trading AG      16,491.50       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

68

    22.12.2015    Mechel OAO      16,491.48       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

69

    22.12.2015    Bratsk Ferroalloy Plant OOO      16,491.48       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

70

    22.12.2015    Mechel Service OOO      16,491.48       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

71

    22.12.2015    Mecheltrans OOO      16,491.48       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

72

    22.12.2015    ChMK PAO      16,491.48       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159766/2014

73

    22.12.2015    Southern Kuzbass OAO      10,529.26       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A45-20227/2014

74

    22.12.2015    Southern Kuzbass OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015

75

    22.12.2015    Mechel Mining OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015

76

    22.12.2015    Mechel OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015

77

    22.12.2015    Yakutugol OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-25992/2015

78

    22.12.2015    Mechel OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

79

    22.12.2015    Mecheltrans OOO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

80

    22.12.2015    Southern Kuzbass OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

81

    22.12.2015    Mechel Mining OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

82

    22.12.2015    Yakutugol OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

83

    22.12.2015    Bratsk Ferroalloy Plant OOO      33,333.33       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-47254/15

84

    22.12.2015    Mechel Mining OAO      16,147.50       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159782/2014

No.

   

Payment
Date

   

Payer

    Amount     

Payment
Currency

   

Payment Details

85

    22.12.2015    Yakutugol OAO      14,628.34       RUR    expenses of Sberbank PJSC for payment of the state duty according to the court judgement for case No. A40-159782/2014

86

    22.12.2015    Southern Kuzbass OAO      4,859,394.86       USD    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 8507 as of 09.10.2012 for the period from 02.10.2015 to 17.12.2015

87

    22.12.2015    Southern Kuzbass OAO      1,122,845.78       USD    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 8508 as of 09.10.2012 for the period from 02.10.2015 to 17.12.2015

88

    22.12.2015    Southern Kuzbass OAO      3,767,123.29       USD    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the First part of credit facility) for the period from 02.10.2015 to 17.12.2015

89

    22.12.2015    Southern Kuzbass OAO      41,453,424.66       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5593 as of 09.10.2012 (for the Second part of credit facility) for the period from 02.10.2015 to 17.12.2015

90

    22.12.2015    Southern Kuzbass OAO      44,216,986.30       RUR    penalty for principal arrears under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 02.10.2015 to 17.12.2015

91

    22.12.2015    Southern Kuzbass OAO      96,257,470.56       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 29.03.2015 to 01.10.2015

92

    22.12.2015    Southern Kuzbass OAO      3,060,885.61       RUR    interest for loan (in arrears) under Non-Revolving Credit Facility Agreement No. 5594 as of 09.10.2012 (for the Second part of credit facility) for the period from 29.03.2015 to 01.10.2015

Signatures of the Parties:

 

PLAINTIFF     DEFENDANT
Vice-President - Director of the Distressed Assets Department of Sberbank PJSC     General Director of Mechel Mining Management Company OOO
[signature]   /M.N. Degtyarev/     [signature]   /P.V. Shtark/
[Seal]       [Seal]  

LOGO

Additional Agreement No. 8 to Non-Revolving Credit Facility Agreement No. 5594

dated October 9, 2012

 

Moscow    March 4, 2016            

Public Joint Stock Company “Sberbank of Russia” (Sberbank PJSC) hereinafter referred to as Lender represented by Andrey Yuryvich Goncharenko, Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department, acting on the basis of the Charter and Power of Attorney No. 329-D dated July 16, 2015, on the one hand,

and Open Joint Stock Company “Southern Kuzbass Coal Company” (Southern Kuzbass OAO) hereinafter referred to as Borrower represented by Pavel Viktorovich Shtark, General Director of Limited Liability Company “Management Company Mechel Mining” (abbreviation – MC Mechel Mining OOO, PSRN 1085410004811, address: 1 Krasnoarmeyskaya Street, Moscow, Russian Federation 125167), performing functions of the sole executive body of Southern Kuzbass OAO on the basis of the agreement on transfer of powers of Southern Kuzbass OAO executive body to management organization – MC Mechel Mining OOO, dated October 21, 2013, acting on the basis of the Charter of MC Mechel Mining OOO and the Charter of Southern Kuzbass OAO, on the other hand, hereinafter jointly referred to as the Parties,

concluded the present Additional Agreement No. 8 (hereinafter referred to as Additional Agreement) Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012 (hereinafter referred to as Agreement) based on the intention to create legal relations established by Additional Agreement, solely provided that there exist provisions of Annex No. 6 to Additional Agreement, as follows:

1. Supplement the Agreement with clause 1.2 in the following edition

“1.2. The following terms and definitions shall be used in the Agreement:

 

Beneficial owner    Zyuzin Igor Vladimirovich
Intercompany indebtedness    Financial Indebtedness on which the Mechel Group companies act as a borrower and a lender
Revenue    It has meaning provided for this term in the consolidated financial statements of Mechel OAO prepared in accordance with IFRS or US GAAP for the previous reporting period.
Mechel Group of companies/ Mechel Group companies / Mechel Group    These include Open Joint Stock Company “Mechel” (Mechel OAO), address: 1 Krasnoarmeyskaya Street, Moscow, TIN 7703370008, PSRN 1037703012896), and companies the composition of which is determined at the certain period of time in the consolidated financial statements of Mechel OAO prepared in accordance with IFRS or US GAAP for the previous reporting period.
Financial Control Department    Department in the organizational structure of Mechel OAO, that reports to Deputy General Director and performs functions of monitoring, analysis and control of financial condition and activities of the Mechel Group of companies.
Laws    Regulations and standards acting on the territory of registration and activities of the relevant company of the Mechel Group.
Deputy General Director    Deputy General Director of Mechel OAO for financial control appointed by Mechel OAO from candidates proposed by Gazprombank (Joint Stock Company), PSRN 1027700167110, further under the Agreement text - the GPB Bank (JSC).

Consolidated financial expenses    The total amount of interest and other financial charges (including commissions, discounts and other payments, including those related to leasing and derivative financial instruments) accrued (paid or payable to the Mechel Group), including capitalized during corresponding Period of testing, specified in clause 8.2.11 of the Agreement.
IFRS    International Financial Reporting Standard referred to Regulation No. 1606/2002 adopted by the European Parliament and the Council of Europe on July 19, 2002, to the extent applicable to respective financial statements.
Independent financial adviser    Any of the following international auditing companies: PricewaterhouseCoopers, E&Y, KPMG, Deloitte.
Liable persons    Pledgors, sureties and guarantors under the Collateral documentation.
Collateral documentation    Pledge, surety and guarantee agreements concluded to secure obligations of the Borrower under the Agreement.
Ordinary course of business    Regularly implemented economic and / or licensed activities of the Borrower and / or Liable person, information on types of which is included into the Unified State Register of Legal Entities and / or provided by the charter of corresponding Borrower and / or Liable person.
Public joint-stock companies of the Mechel Group    ChMP PJSC, Mechel OAO, Izhstal OAO, Southern Kuzbass OAO, Korshunov Mining Plant OAO
Restructuring    Transactions (set of transactions) concluded by the Mechel Group companies for restructuring of Financial Indebtedness to credit institutions during the effective term of credit agreements concluded between the Lender and the Borrower included in the Mechel Group, provided that:
     (a)   conditions of these transactions related to terms, procedure and / or schedule of final repayment of such Financial Indebtedness, terms of interest rates (including terms of their payment or capitalization), and other conditions affecting the financial condition of the relevant company of the Mechel Group, do not cause preferential treatment of relevant credit institutions compared to the Lender in respect of satisfaction of requirements for the Mechel Group company. Transactions between the Mechel Group and GPB (JSC) in the framework of the “Elga” project (related to development of the Elga coal deposit) sale do not involve provision of preference to GPB (JSC) as compared to the Lender;
     (b)   under these transactions new security is not created, except for:
       •   planned security listed in Appendix No. 3 to the Agreement;
       •   liens and sureties provided to replace existing liens and / or sureties for refinanced /

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

2

         restructured Financial Indebtedness while maintaining the same subject of lien and / or size of a guarantor’s responsibility;
     (c)   these transactions will be concluded:
       (i)   in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016;
       (ii)   in respect of other Financial Indebtedness - until June 30, 2016.
Refinancing    Transactions (set of transactions), with the exception of Restructuring transactions, concluded by the Mechel Group for the purposes of Financial Indebtedness refinancing, provided that:
     (a)   conditions of these transactions related to terms, procedure and / or schedule of final repayment of such Financial Indebtedness, terms of interest rates (including terms of their payment or capitalization), and other conditions affecting the financial condition of the relevant company of Mechel Group, do not cause preferential treatment of lenders on the refinanced Financial Indebtedness against the Lender in respect of satisfaction of requirements for the Mechel Group company;
     (b)   liens and sureties provided to replace existing liens and / or sureties for refinanced / restructured Financial Indebtedness while maintaining the same subject of lien and / or size of guarantor’s responsibility;
     (c)   these transactions will be concluded:
       (i)   in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016;
       (ii)   in respect of other Financial Indebtedness - until June 30, 2016.
Total debt    Total Financial Indebtedness of the Mechel Group companies to third parties which are not a part of the Mechel Group
Traders    Mechel Carbon AG, as well as any other company of the Mechel Group, performing functions of a commercial agent (and each of the companies - “Trader”)
Financial Indebtedness    Any indebtedness (without double counting) on transactions where one party is Borrower or any of the Mechel Group companies, for the end of the corresponding Period of testing, formed as a result of:
     (a)   receipt of funds in the form of loan, credit, overdraft or project financing;
     (b)   capitalization of interest and other payments;
     (c)   received commodity and commercial loans for a term of more than 180 (One hundred eighty) calendar days, issuing of letter of credit and bank guarantees;
     (d)   issue of bonds, notes, promissory notes and any other debt instruments;
     (e)   conclusion of financial leasing agreements and lease agreements with a commitment to repurchase at the end of the contract term;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

3

     (f)   sale or discounting of accounts receivable (excluding any receivables alienated without recourse);
     (g)   conclusion of factoring contracts with recourse;
     (h)   transactions with derivative financial instruments in order to protect or benefit from any fluctuations of rates, interest rates or prices; wherein the sum of transactions with such derivative instruments will be calculated based on market rates at any given time;
     (i)   conclusion of repo transactions or any other transactions that are in economic sense (or in accordance with accounting rules) are borrowing;
     (j)   taking on liabilities to reimburse damages or losses from financial obligations incurred by third parties;
     (k)   amounts received when issuing redeemable shares (excluding the shares redeemed by an issuer’s decision);
     (l)   taking on obligations of warranties or guarantees in respect of execution of any obligations by third parties or reimbursement of the amount of guarantee payment under the bank guarantee to the guarantor; record of such guarantees is carried out on actual debt for secured obligations, while sureties and guarantees of several Mechel Group companies are not cumulative for one and the same undertaking; and
     (m)   other financial instruments not listed in other clauses of this definition, qualified as indebtedness under IFRS / US GAAP
Financial model    Forecast model of cash flow in respect of the Mechel Group business for the period from 2015 to 2022 disaggregated by calendar quarters, confirmed by an Independent financial advisor
EBITDA    Net income of the Mechel Group designated in financial statements of the Mechel Group for the corresponding testing period laid down in clause 8.2.11 of the Agreement:
     (a)   before deducting any charges or payments in respect of taxes on income of the organization;
     (b)   before adding any interest, commissions, discounts and other fees, any interests, commissions, discounts received / due to be received and deducted and other fees paid / payable by any company included in the Mechel Group in respect of Financial Indebtedness;
     (c)   excluding any articles that are considered exceptional or extraordinary, revenues and / or expenses resulting from transactions and activities, other than the Ordinary course of business of Mechel Group, including any amounts in respect of:
       •   expenses and revenues associated with exchange rate differences;
       •   results of revaluation of long-term assets or any revenues and expenses related to disposal of long-lived assets of any Mechel Group company;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

4

       •   results of revaluation of contingent liabilities of any of Mechel Group companies;
       •   all revenues and expenses arising from alienation of a part of or the whole share of any Mechel Group company;
       •   amounts relating to write-offs or reserves, and changes in the reserves made for impairment of indebtedness / assets;
       •   profits from overdue accounts payable;
       •   any amounts of fines, delay interests, penalties and their forgiveness;
       •   any amounts of other expenses which are classified in the financial statements of the Borrower prepared in accordance with IFRS / US GAAP, as expenses not related to the main activity;
     (d)   before adding profits and subtracting losses from assets / liabilities for pension plans;
     (e)   before adding income from compensation plans based on equity instruments;
     (f)   before deduction of amortization and impairment of intangible assets including goodwill, and amortization or impairment of tangible assets;
     (g)   before deduction of losses or addition of profits related to non-controlling interests of any Mechel Group subsidiary.
     (h)   until adding of listed in clauses a) to g) gains and losses related to discontinued operations.
US GAAP    Generally Accepted Accounting Principles of the United States of America published by the Financial Accounting Standards Board (FASB) on www.fasb.org.

2. Outline clause 2.5 in the following edition

“2.5. In relation to the Borrower and Liable persons there was not initiated any judicial, arbitral or administrative proceeding in any court, arbitration or body, which could make it impossible for the Borrower to perform duly his obligations under the Agreement, with the exception of the proceedings referred to in Annex No. 4 to the Agreement.

3. To amend clauses 7-9 of the Agreement as follows:

«Article 7. RIGHTS AND OBLIGATIONS OF THE LENDER

7.1. The Lender has a right:

7.1.1. Unilaterally to produce at its own discretion:

7.1.1.1. In the case of fixed interest rates - increasing of the size of the Agreement interest rates values, including, but not limited to, in connection with the adoption of the decision to increase the discount rate by the Bank of Russia’s (Bank of Russia refinancing rate), by notifying the Borrower without issuing this change as an additional agreement to the agreement. In the event of increase in interest rates by the Lender unilaterally, the amendment shall enter into force 30 (Thirty) calendar days from the date of dispatch of the notice by the Lender, unless later effective date is specified in the notification.

Notification of the Borrower about such changes of the Agreement is made in the manner provided by the Agreement.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

5

7.1.1.2. In the case of floating interest rate:

7.1.1.2.1. Changes in size, procedure and conditions for determining the interest rate of the First part of credit line entailing an increase / decrease in value of the interest rate, including but not limited to:

 

Change

   

Change reason

replacement of LIBOR 3M by LIBOR rate established for other period    Changes in domestic and external markets situation compared with the situation as of December 31, 2015 (particularly due to increased one-day LIBOR volatility by more than ten (10) percent within thirty (30) calendar days)

7.1.1.2.2. Revision of the size of interest rates on the values of the second line of credit in case of both of the following events:

 

  •   Key interest of Bank of Russia’s is not, on a reasoned judgment of the Lender, the market benchmark for setting the interest rate on the credit / loan agreements; and

 

  •   in the event of significant change in economic conditions in the banking market and / or general economic conditions in the country,

and either to set as a different, base rates, which, in the opinion of the Lender, is a market benchmark for the interest rate on the credit / loan agreements; or, in the absence of the opinion of the Lender, the base rate, which may be in such a market benchmark, set a fixed interest rate at its sole discretion, provided that the amount of the increase unilaterally the interest rate in any case shall not exceed 20 (Twenty) per cent per annum.

7.1.1.2.3. Commensurate (proportional) increase in the size of the margin under the Agreement if during the effective term of the Agreement the interest rate under any agreement for a loan signed by the Borrower with the Bank of GPB (JSC), exceeds the “Key Bank of Russia plus 1.5 (One point five) percent per annum”.

About referred to in clause 7.1.1.2 of the Agreement changes the Lender shall notify the Borrower about the noted changes in the manner prescribed in the Agreement, without registration of this change by making an Additional agreement to the Agreement. Any correspondent amendment shall enter into force 30 (Thirty) calendar days from the date of dispatch of the notice by the Lender, unless later effective date is specified in the notification.

A copy of the notice is also sent by the Lender within 5 (five) business days to email of the Borrower corpfin@mechel.com.

7.1.2. Unilaterally, at its sole discretion, to make a reduction of the penalty size and / or establish a time period during which the penalty is not charged, notifying the Borrower without registration of this change by making an additional agreement.

Decrease of the penalty size and / or beginning of a period of time, during which the penalty is not charged, shall enter into force after 30 (thirty) calendar days from the date of sending the notice by the Lender, if another date of changes entry into force is not specified.

Notification of the Borrower about such changes of the Agreement is made in the manner provided by the Agreement.

7.1.3. To demand from the Borrower to provide information and documents confirming intended use of the credit, including a register of payment documents a (in the form agreed with the Lender), on the basis of which the transfer of credit funds is made from the settlement account of the Borrower, in accordance with a target credit purpose.

7.1.4. To refuse from the obligation to issue a credit in full or in part, with the circumstances clearly showing that the amount of debt will not be repaid by the Borrower during the terms established by the Agreement by written notice to the Borrower.

7.1.5. In case of overdue loan debts on the credit and / or interest arrears, and / or other payments provided by the Agreement, and / or penalties under the Agreement, as funds become available, to write them off from accounts of the Borrower to the Lender and other banks (at existence of an agreement providing writing off in other banks) in the currency of obligations, without Borrower’s order, for repayment of arrears and penalties.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

6

The Lender informs the Borrower in writing of the fact of funds withdrawal, without order of the Borrower, from its accounts for repayment of arrears and penalties in the manner provided under the Agreement.

7.1.6. If there are insufficient funds on the account of the Borrower from the Lender in the currency of the obligation to repay arrears and / or penalties under the Agreement, upon receipt of funds, withdraw funds from the accounts of the Borrower and the Lender and in other banks in currency different from currency of the liability, followed by conversion of debited funds at the rate and under the conditions established by the Lender and other banks to carry out foreign exchange operations on the date of the transaction, with enrollment of funds resulting from the conversion, to the account of the Borrower from the Lender and in other banks in obligation currency.

The Lender informs the Borrower in writing about the fact of funds withdrawal from its accounts, without the Borrower’s order, and conversion of these funds into the manner prescribed by the Agreement, within 5 (Five) working days from the date of writing-off, indicating type and volume of Borrower’s obligation executed in such a writing-off under the Agreement.

7.1.7. To cease issuance of credit and / or to require early repayment of the entire credit amount and payment of interest due for credit usage, penalties and other payments provided by the Agreement terms, from the Borrower, thus the Lender has a right to bring the same requirements for sureties, as well as to levy execution on mortgaged property, in cases:

7.1.7.1. Non-performance or improper performance, for more than 5 (Five) business days, by the Borrower and / or Mechel Group companies of payment obligations under the Agreement (including mandatory repayment in accordance with Annex No. 6 to the Agreement) or any of agreements (including but not limited to: credit agreement, agreement to open revolving / non-revolving line of credit, agreement to provide bank guarantee, contract of guarantee, other types of agreements) and agreements concluded (may be concluded during the effective term of Agreement) between the Borrower and / or companies of the Mechel Group and the Lender and / or Sberbank Leasing JSC, as well as payment obligations to the Lender and / or any third party for payment of bills, repayment of bonds, coupon interest payment, mandatory / voluntary offer of the Federal law “On joint stock companies”, which arose (may arise during the effective term of the Agreement).

7.1.7.2. If statements, documents, evidence or information, including the information specified in Article 2 of the Agreement, granted by the Borrower to the Lender, including in respect of the Mechel Group companies, are unreliable, incomplete or untested.

7.1.7.3. Use of credit made not for intended purpose or return of funds transferred by the Borrower by a credit in accordance with a target credit purpose, to the Borrower.

7.1.7.4. Introduction to the Borrower and / or any of the Liable persons, bankruptcy proceedings (namely, issuance by any court of decision to find third party claims valid concerning the Borrower and / or any liable parties to be insolvent (bankrupt) in accordance with applicable law), liquidation or forced reorganization or, if after December, 31, 2015 deterioration in financial condition of the Borrower or any liable person, which, in the opinion of the Lender, creates a threat, takes place:

7.1.7.4.1. default on repayment of credit;

7.1.7.4.2. institution bankruptcy, liquidation or forced reorganization proceedings against the Borrower and / or any of Liable persons;

7.1.7.4.3. presentation of third parties’ claim for payment of a monetary sum or levy of execution or delivery of property for the amount exceeding:

7.1.7.4.3.1. 500,000,000 (five hundred million) rubles (or its equivalent in another currency) for the Borrower; or

7.1.7.4.3.2. 1,500,000,000 (one billion five hundred million) rubles (or its equivalent in another currency) in total for any of the Liable persons.

7.1.7.5. In the case of issuance by any court of decision to find third party claims valid admitting any Debtor, Borrower or Liable person insolvent (bankrupt) or if after December, 31, 2015 deterioration in financial condition of the Borrower and / or any Liable person, which, in the opinion of the Lender, creates a threat for third parties claim for payment by the Borrower and / or Liable

person a sum of money or levy of execution or delivery of property for the amount exceeding:

7.1.7.5.1. 500,000,000 (Five hundred million) rubles (or its equivalent in another currency) for the Borrower, or

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

7

7.1.7.5.2. 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another currency) in total for the Mechel Group companies.

Amount of claim in foreign currency is translated into rubles at the Bank of Russia exchange rate on the date of filing a lawsuit.

7.1.7.6. In case of arrest, confiscation or other compulsory seizure of the Borrower’s property and / or any company of the Mechel Group, if:

7.1.7.6.1. cost of the property exceeds 2 (Two) percent of the balance value of assets of the Borrower and / or relevant Mechel Group company according to accounting (financial) statements for the last reporting date; or

7.1.7.6.2. aggregate value of all property arrested, confiscated or otherwise forcibly seized from the Mechel Group companies exceeds 6,000,000,000 (Six billion) rubles (or its equivalent in another currency), provided that such seizure, confiscation or forced removal was not canceled within 15 (Fifteen) business days.

Cost of property denominated in foreign currencies, is translated into rubles at the Bank of Russia exchange rate on the date of seizure, confiscation or forced removal of such property.

7.1.7.7. If from the part of the Borrower actions aimed at stopping or reducing security, recognition of the Agreement or Collateral documentation invalid or not concluded, were taken, and in the case if the court decided to consider a third party application aimed at ending or reducing security, recognition of the Agreement or the Collateral documentation invalid or not concluded.

7.1.7.8. Loss (full or partial) of security provided by the Agreement and / or the Collateral documentation, or deterioration of its conditions for any circumstances (including on circumstances beyond the control of the Borrower or Liable persons that provided security).

7.1.7.9. If for the Borrower and / or Liable parties exercise of any of its obligations under the Agreement and / or the Collateral documents becomes unlawful or the Agreement and / or Collateral documents cease to be valid and legally binding.

7.1.7.10. In the case of presentation of collection letters, payment orders, writs of execution and / or seizure of monetary funds on the accounts, to the accounts of the Borrower or Liable persons from Lender and the other credit institutions, and / or suspension of operations on the accounts by authorized state bodies in the amount equal to:

7.1.7.10.1. 500,000,000 (Five hundred million) rubles (or its equivalent in another currency) for the Borrower; or

7.1.7.10.2. 1,000,000,000 (One billion) rubles (or its equivalent in another currency) in total for all of the Mechel Group companies.

provided that such restrictions are not remedied within 5 (Five) business days from the date of their occurrence.

Amount of collection orders, payment requests, writs of execution and / or arrested monetary funds in foreign currencies is translated into rubles at the Bank of Russia exchange rate on the date of presentation of the accounts to collection letters, payment orders, writs of execution and / or seizure of monetary funds.

7.1.7.11. Detection of cases of unreliability (for the date of submission) of the documents submitted by the Borrower or by any Liable person in obtaining credit or during the period of the Agreement, unreliability (for the date of submission) of statements made by the Borrower or Liable person in accordance with the Agreement, discrepancy of accounting with rules of its maintenance.

7.1.7.12. Acceptance in the manner prescribed by law, of a decision on reorganization of the Borrower and / or Liable person, liquidation of the Borrower and / or Liable person, as well as liquidation of any of the Mechel Group companies, which carrying amount of assets, according to the accounting (financial) statements for the last reporting date, exceeds 100,000,000 (one hundred million) rubles (or its equivalent in another currency).

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

8

The carrying amount of assets in foreign currency is translated into rubles at the Bank of Russia exchange rate for the date of acceptance of the corresponding decision on reorganization or liquidation of the Borrower and / or Liable person, as well as liquidation of any of the Mechel Group companies.

7.1.7.13. If against the Borrower and / or any of the Mechel Group companies there was taken a decision or action by public authorities, local governments and other entities, which essentially make it difficult or impossible to possess to the Borrower’s property and / or any of the Mechel Group companies, if value of such property exceeds 5 (Five) percent of the book value of the Borrower assets or the Mechel companies, according to the accounting (financial) statements for the last reporting date, or impede continuation of operations of the Borrower and / or the Mechel Group companies, if these events impede the Borrower’s performance of its obligations under the Agreement, and they are not eliminated within 25 (Twenty five) business days from the date of occurrence.

7.1.7.14. Loss (or possible loss) by the Borrower and / or any of the Mechel Group companies, including under circumstances beyond the control of the Borrower and / or any of the Mechel Group companies, without getting commensurate counter-compensation of the part of the property, which carrying value exceeds:

7.1.7.14.1. for the Borrower and / or Liable persons - 0.5 (zero point five) percent of the balance value of assets of the Borrower and / or Liable person;

7.1.7.14.2. for all other Mechel Group companies - 5 (Five) percent of the carrying value of the relevant Mechel Group company,

according to the accounting (financial) statements of the respective company for the last reporting date.

7.1.7.15. Full or partial suspension, revocation and cancellation of the Borrower and / or any of the Mechel Group companies licenses necessary for implementation of basic activities of the Borrower or the Mechel Group companies, including licenses for use of subsoil plot; introduction of restrictions on the conditions of use of licenses or additional requirements for such a license; making significant changes in the license or effective term expiration of the license for use of subsoil plot or other license necessary for implementation of industrial activity, if the license was not renewed or received within 30 (Thirty) working days from the date of its withdrawal, revocation or effective term expiration.

7.1.7.16. Initiation of a criminal case or criminal responsibility in respect of the sole executive body of the Borrower, member of the Borrower’s governing body, if these circumstances were not eliminated within 95 (Ninety five) calendar days.

7.1.7.17. Changes in structure and composition of governing bodies of the Borrower, capable, in the opinion of the Lender, to cause the Borrower’s default.

7.1.7.18. Changes in the composition of the Borrower’s shareholders and / or Liable persons owning more than 25 (Twenty five) percent plus 1 (One) voting share, as well as the size of their share in the share capital of the Borrower and / or Liable persons in comparison with the size of the share for February 8, 2016, without prior written consent of the Lender, except in cases when such a change takes place as a result of alienation of the aforementioned shares and / or shares with preservation of the size of indirect (mediated) ownership of such person from the side of Mechel OAO.

7.1.7.19. Sending by the regulatory / supervisory authority of requirements / regulations, filing a claim against the Borrower or the Mechel Group company in connection with non-payment of taxes in the total amount for all the Mechel Group companies exceeding 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another currency), if these actions are not contested by a relevant person properly and / or a term of challenging has exceeded 90 (Ninety) days and / or in the case of entry into force of a court decision on payment of previously unpaid taxes by one or more obligated persons in the total amount exceeding 300 million (Three hundred million) rubles (or its equivalent in another currency).

The amount of requirements expressed in foreign currency, is translated into rubles at the exchange rate of the Bank of Russia on the date of sending of requirements / regulations or filing a claim.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

9

7.1.7.20. Presence of the Financial Indebtedness outstanding by debtors of the Borrower or any Liable person for the amount exceeding 1,500,000,000 (One billion five hundred million) rubles (or its equivalent in another currency), or existence of Financial Indebtedness in the amount exceeding 500,000,000 (Five hundred million) rubles (or its equivalent in another currency), in respect of which within 70 (Seventy) days the Borrower or the relevant Liable person has not taken actions to recover the debt in complaint and / or judicial procedure.

The amount of outstanding indebtedness denominated in foreign currencies, is translated at the exchange rate of the Bank of Russia on the date of the overdue debt.

7.1.7.21. Evasion of presentation of requested by the Lender documents necessary for the Lender’s analysis of carried out by the Borrower or the Mechel Group judicial work to collect accounts receivable.

7.1.7.22. Sending to the Borrower or any of the Mechel Group companies by the regulatory / supervisory authority, of requirements or orders to pay fine(s) in a total volume exceeding 1 billion (One billion) rubles (or its equivalent in another currency), and / or filing claims in relation to the Borrower or the Mechel Group company for the amount exceeding 500,000,000 (Five hundred million) rubles (or its equivalent in another currency), and / or imposition by the relevant body of prohibition (temporary - for more than 1 (One) month - or full) for use, development or implementation of production on subsoil plots, which are caused by violation of Laws on protection of environment if these actions are not contested by a relevant person properly and / or a term of contesting has exceeded 90 (Ninety) days, and the total volume of payment requests received from legal / regulatory / supervisory and / or other government regulatory bodies in respect of the Mechel Group companies, exceeds 1,000,000,000 (One billion) rubles (or its equivalent in another currency).

The amount of requirements or fine expressed in foreign currency, is translated into rubles at the exchange rate of the Bank of Russia on the date of sending of relevant requirements / regulations or filing a claim.

7.1.7.23. If auditors of the Mechel Group issue qualified opinion on consolidated annual audited financial statements of the Mechel Group, prepared in accordance with IFRS / US GAAP for the last reporting year, which, in the opinion of the Lender, may adversely affect performance by the Borrower and / or Liable person of obligations under the Agreement and / or the Collateral documentation.

7.1.7.24. In the case of declaration of the Borrower or any Liable person of its intention to refuse to perform or terminate the Agreement and / or any Collateral documents, or carrying out actions directed to challenge or terminate the Agreement and / or the Collateral documentation.

7.1.7.25. Termination or suspension by the Borrower and / or Liable persons, of implementation of whole or part of the economic activity, as well as termination of business activities by the Mechel Group with a carrying value of assets exceeding 100,000,000 (one hundred million) rubles (or its equivalent in another currency) according to the accounting (financial) statements on the last reporting date.

The carrying amount of assets in foreign currency is converted to rubles at the Bank of Russia exchange rate on the date of termination or suspension by the Borrower and / or Liable persons, of implementation of whole or part of the economic activity, as well as termination of business activities by the Mechel Group company.

7.1.7.26. Receipt of a notification from the Lender or any of the Liable persons who are party to a collateral agreement, ensuring fulfillment of the obligations of the Borrower under the Agreement, of intention to transfer (fully or partially) the property pledged to the Lender in accordance with the contract(s) of collateral, into subsequent pledge in favor of third persons with violation of property transfer conditions set out in the relevant contract of pledge.

7.1.7.27. Transfer by any Liable person (fully or partially) of the property pledged in subsequent pledge to the Lender, in favor of third parties with violation of the property transfer conditions set out in the relevant contract of pledge, or imposing legal or otherwise established by law ban on disposal of such property in favor of a third party.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

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7.1.7.28. Detection of circumstances clearly indicating that the loan provided to the Borrower, will not be returned on time, including as a result of deterioration of the overall economic situation in the banking sector.

7.1.7.29. Termination of powers of members of the Mechel Board of Directors, the Borrower and / or the Liable persons, which included a director appointed from among candidates proposed by the Bank of GPB (JSC), and / or non-election of the director in charge of the criteria established by the applicable laws for independent directors, into the Mechel Board of Directors, the Borrower and / or Liable persons or in any subsequent election of members of the Board of Directors of the said persons.

7.1.7.30. Termination of powers of Deputy General Director without consent of the Lender and the Bank of GPB (JSC), if within 30 (Thirty) days after the date of such termination of powers, the Mechel OAO does not provide the appointment of a new Deputy General Director from among candidates proposed by the Bank of GPB (JSC).

7.1.7.31. Appointment, without prior consent of the Lender and the Bank of GPB (JSC), as an auditor of financial statements of the Mechel Group, prepared in accordance with IFRS and / or US GAAP, of a company other than PricewaterhouseCoopers, E&Y, KPMG or Deloitte.

7.1.7.32. Default / failure to perform by the Borrower of any of the obligations and conditions provided by clause 8.2.5 and/or 8.2.6, and/or 8.2.7, and/or 8.2.8, and/or 8.2.9, and/or 8.2.10, and/or 8.2.11, and/or 8.2.12, and/or 8.2.13, and/or 8.2.14, and/or 8.2.15, and/or 8.2.16, and/or 8.2.17, and/or 8.2.18, and/or 8.2.19, and/or 8.2.20, and/or 8.2.21, and/or 8.2.22, and/or 8.2.23, and/or 8.2.24, and/or 8.2.25, and/or 8.2.26, and/or 8.2.27, and/or 8.2.28, and/or 8.2.29, and/or 8.2.30, and/or 8.2.32, and/or 9.1.1, and/or 9.1.2, and/or 9.1.3, and/or 9.1.4, and/or 9.1.5, and/or 9.1.6, and/or 9.1.7, and/or 9.1.8, and/or 9.1.9, and/or 9.1.10, and/or 9.1.11, and/or 9.1.12, and/or 9.1.13, and/or 9.1.14, and/or 9.1.15, and/or 9.1.16, and/or 9.1.17, and/or 9.1.18, and/or 9.1.19, and/or 9.1.20, and/or 9.1.21, and/or 9.1.22, and/or 9.1.23, and/or 10.1, and/or 10.2 of the Agreement , and/or conditions of Appendix 6 to the Agreement.

7.1.7.33. The Borrower’s default of obligations to ensure part of shares pledged to the Lender, in accordance with clause 9.1.1, 9.1.4 of the Agreement.

7.1.7.34. In case of violation by the Mechel Group companies - parties of the Preemptive right agreement (Right of first refusal) conditions of the agreement concluded in accordance with clause 8.2.19 of the Agreement.

7.1.7.35. Recognition by the court as invalid of liability of any of the Mechel Group companies which is a party of any of transactions with the Lender and / or persons affiliated with the Lender.

7.1.7.36. Failure up to 10.04.2017 (inclusive) the Borrower’s obligations stipulated by clause 8.2.30 of the Agreement, and in case of realization of conditions set by the second paragraph of clause 8.2.30 of the Agreement - until July 1, 2018 (inclusive).

7.1.7.37. Non-performance or improper performance by the Borrower or any of the Mechel Group companies under loan agreements (including contracts on non-revolving / revolving line of credit), which are concluded (may be concluded during the effective term of the Agreement) between the Borrower and / or the Mechel Group companies and any other lender (in terms of payment obligations) (with the exception of commercial lenders in accordance with the provisions of clause 8.2.16 of the Agreement), and caused to a claim for early repayment of the loan amounts in the aggregate amount exceeding:

 

  •   for the Borrower - 500,000,000 (Five hundred million) rubles;

 

  •   for all of the Mechel Group companies in total - 1,500,000,000 (One billion five hundred million) rubles.

The loan amount claimed for early repayment in foreign currency, is converted to rubles at the Bank of Russia exchange rate on the date of the request of early repayment of credit amount.

7.1.8. Specified in clause 7.1.7 of the Agreement breach of the Agreement and change of circumstances are essential for the Lender.

At the same time, the Lender shall notify the Borrower of its requirements in the manner provided by the Agreement.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

11

7.1.9. To carry out checks of reliability of provided by the Borrower reporting and target indicators of its economic and financial activities, as well as to request other data relevant to use of loan funds and to fulfill obligations under the Agreement.

7.1.10. To demand from the Borrower during the effective term of the Agreement, conclusion (providing conclusion) of agreement (s) on the right of the Lender to debit without order of the payer to repay overdue debt from accounts of the Borrower and guarantors to the Lender.

Notification of the Borrower about such a demand is made in the manner provided by the Agreement.

7.1.11. At its discretion, to exercise the right provided by clause 7.1.7 of the Agreement and / or to demand from the Borrower to pay a penalty provided by clause 11.5 of the Agreement in each of the cases / in the performance of each of the obligations specified in clause 8.2.5 and / or 8.2.6 and / or 8.2.7 and / or 8.2.8 and / or 8.2.9, and / or 8.2.10 and / or 8.2.13 and / or 8.2.14, and / or 8.2.15, and / or 8.2.17, and / or 8.2.22, and / or 8.2.26, and / or 8.2.28, and / or 8.2.29 of the Agreement and / or clause 1 of the Appendix No. 6 to the Agreement.

7.2. The Lender accepts the following obligations:

7.2.1. Under the conditions specified in Article 3 of the Agreement, and if at the time of the loan, none of the conditions under which the Lender has a right to terminate credit issue and to demand early repayment of the loan, to produce transfer of credit amount within available balance of the credit limit line to the account of the Borrower on the basis of orders of the Borrower, designed in accordance with the terms the Agreement.

«Article 8. RIGHTS AND OBLIGATIONS OF THE BORROWER

8.1. The Borrower shall be entitled to:

8.1.1. If the Borrower does not agree with the change in interest rate on the actual loan debt (in accordance with clause 7.1.1 of the Agreement) to repay part or all of the amount of credit with payment of accrued interest for the maturity date, Commission payments and penalties on the same terms within 30 (thirty) calendar days from the date of a written notice to amend the terms of the loan sent by the Lender to the Borrower.

8.2. The Borrower accepts the following obligations:

8.2.1. Within 5 (Five) working days from the date of delivery of a notification or a message with claims of the Lender for early repayment of credit, in accordance with clause 7.1.7, 13.3 of the Agreement to repay loan debt on the credit and pay interest due for credit usage, Commission payments and penalties accrued for the maturity date.

8.2.2. To use loan strictly for the intended purpose in accordance with Article 1 of the Agreement.

8.2.3. To provide to the Lender correctly executed payment documents and applications in accordance with the purpose of credit (clause 1.1 of the Agreement), as well as on demand of the Lender - a register of specified payment documents (in the form agreed with the Lender), no later than planned date of use of respective loan.

8.2.4. To make payment of interest at the rate determined in accordance with terms of the Agreement, regardless of receipt of Lender’s notice of the amount of the interest rate by the Borrower.

8.2.5. To provide to the Lender no later than the 15th (Fifteenth) day of the second month after the end of each reporting period (quarter, half year, 9 (Nine) months), and at the end of the reporting year - until the 15th (Fifteenth) of April of the current year - a duly certified copy of the audit report (or its final part) (with mandatory under the laws of the Russian Federation audit of accounting (financial) statements).

To provide to the Lender no later than the 15th (Fifteenth) day of the second month after the end of each reporting period (quarter, half year, 9 (Nine) months), and at the end of the reporting year - until the 15th (fifteenth) of April of the current year copies of the following documents for the past reporting year:

 

•   accounting (financial) statements in the composition and according to the forms established by the laws of Russian Federation, with a note on the method of sending the document to a division of Russian Federal Tax Service (for annual accounts), certified by a head and a seal of the Borrower, and an audit report (or its final part) (with necessary under the laws of the Russian Federation audit of accounting (financial) statements);

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

12

•   decryptions of accounts payable and receivable broken down into debt with payments expected within 12 months, and more than 12 months, indicating names of lenders, debtors, debt amount and indebtedness origin dates indicating this debt status (overdue to 3 months or less / more than 3 months overdue / current);

 

•   decryptions of short-term and long term financial investments indicating species, amount of investments, types of organizations and enterprises;

 

•   decryptions of indebtedness on long-term and short-term borrowings (including promissory notes and bonds) indicating lenders, debt amount, loan term, repayment schedule, amount of overdue interest;

 

•   decryptions of received security (indicating from whom and to whom received) and issued security (indicating for whom and to whom issued, liabilities deadlines);

 

•   decryptions of other revenues and other expenses distinguishing revenue and expenses relating to operating activities;

 

•   decryption of obligations under lease payments, including finance lease contracts indicating payment amount, payment schedule;

 

•   information on the costs of financial leasing, accounted in cost of sales;

 

•   references of turnover and balances on current accounts in the currency of the Russian Federation and foreign currency and presence of claims to the accounts;

 

•   a certificate about a share of foreign exchange earnings in total revenues for the reporting date;

 

•   information for the last reporting date on subsidiaries (more than 50% in the authorized capital) indicating stakes in the authorized capital of the subsidiaries as a percentage;

 

•   a certificate from a division of the Federal Tax Service of Russia on status of settlements with the budget or an act of reconciliation with the budget (in the presence of arrears to the budgets of any level - a taxpayer’s certificate indicating timing, scope and causes of debt);

 

•   a certificate from a division of the Russian Pension Fund on the status of settlements with the fund or an act of reconciliation with the fund (in the presence of arrears to the fund - a taxpayer’s certificate indicating timing, scope and causes of debt);

 

•   copies of changes and additions to constituent documents (registered in the manner prescribed by law) and copies of Leaves of records in the USRLE of state registration of changes in constituent documents certified by a notary or by registration authority, if, during the preceding calendar quarter changes were made in the constituent documents;

 

•   information on the composition of collegiate and executive management bodies, including Supervisory Board / Board of Directors / Management Board, about person(s) executing (their) functions of a sole executive body (indicating position in the case of combining of activities - other places of work), if during the preceding calendar quarter there were changes in the composition of the executive and / or collegiate management bodies, new person(s) executing functions of a sole executive body, were appointed;

 

•   information on the composition of Management company collegiate and executive management bodies, including Supervisory Board / Board of Directors / Management Board, about person(s) executing (their) functions of a sole executive body (indicating position in the case of combining of activities - other places of work), if during the preceding calendar quarter an agreement was concluded with the Management company, there were changes in the composition of the Management company executive and / or collegiate management bodies, new person(s) executing functions of a sole executive body, were appointed, or a change of Management company happened;

 

•   information on composition of shareholders owning 5.0 percent or more of the shares, including information on shareholders, on behalf of which nominal holders are other people, if during the preceding calendar quarter there were changes in the composition of shareholders holding 5.0 percent or more shares.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

13

In addition, the Borrower shall, at the request of the Lender, provide other reporting and financial documents within 10 (Ten) business days from the date of receipt of the request.

8.2.6. During the entire effective term of the Agreement to ensure provision of the following information / documents as certified by Mechel OAO copies or originals to the Lender:

8.2.6.1. Consolidated annual audited statements of the Mechel OAO, prepared in accordance with IFRS or US GAAP - no later than 180 (One hundred eighty) calendar days from the date of the end of the relevant calendar year.

8.2.6.2. Consolidated audited statements of the Mechel OAO for the first, second and third quarters of the calendar year, including consolidated balance sheet, profit and loss statement and statement of comprehensive debt, prepared in accordance with IFRS or US GAAP:

 

  i) with respect to statements prepared in 2015 and 2016 - no later than 120 (One hundred twenty) days from the date of the end of the quarter;

 

  ii) with respect to statements prepared in 2017 - no later than 90 (Ninety) days from the date of the end of the quarter;

8.2.6.3. Consolidated quarterly report for capital expenditures (CAPEX) of the Mechel Group companies - no later than 15 (fifteen) working days from the date of the end of the relevant calendar quarter.

8.2.6.4. Certificate about a share of Traders’ revenue in consolidated revenue of the Mechel Group - together with provision of consolidated financial statements within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement.

8.2.6.5. Certificate about presence or absence of the Mechel Group companies which index of Revenue, EBITDA or book value of assets exceeds 3 (Three) percent of respective Mechel Group indicators - simultaneously with provision of consolidated financial statements within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement.

8.2.6.6. Certificate with calculation of financial indicators specified in clause 8.2.11 of the Agreement, provided within the following terms:

 

Reporting period

   

Date of provision

   

Period of current certificate

01.01.2015-31.12.2015    28.06.2016    11.07.2016-10.11.2016
01.07.2015-30.06.2016    28.10.2016    11.11.2016-10.07.2017
01.01.2016-31.12.2016    29.06.2017    11.07.2017-10.10.2017
01.07.2016-30.06.2017    28.09.2017    11.10.2017-10.07.2018
01.01.2017-31.12.2017    29.06.2018    11.07.2018-10.10.2018
01.07.2017-30.06.2018    28.09.2018    11.10.2018-10.07.2019
01.01.2018-31.12.2018    29.06.2019    11.07.2019-10.10.2019
01.07.2018-30.06.2019    28.09.2019    11.10.2019-10.07.2020
01.01.2019-31.12.2019    28.06.2020    11.07.2020-10.10.2020
01.07.2019-30.06.2020    28.09.2020    11.10.2020-10.07.2021
01.01.2020-31.12.2020    29.06.2021    11.07.2021-10.10.2021
01.07.2020-30.06.2021    28.09.2021    11.10.2021-10.07.2022
01.01.2021-31.12.2021    29.06.2022    11.07.2022-10.10.2022
01.07.2021-30.06.2022    28.09.2022    11.10.2022-10.04.2023

If during the terms of provision the Borrower do not provide the Lender with a Certificate, the latter presented certificate is used during the following period of relevance of the Certificate.

8.2.6.7. Approved annual budget (broken down by month) of the Mechel Group companies whose main activity is production, mining and production of electricity and heat with decoding of the budget of procurement by type of products and / or services, procurement volume, purchase price and counter parties (“Company budget”) - no later than March 30 of each year.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

14

8.2.6.8. Approved consolidated annual budget of the Mechel Group (broken down by month) (“Budget of Group”) - no later than April 10 of each year.

8.2.6.9. Plan-fact analysis of execution of the Budget of the company and the Budget of the Group for the last calendar month - not later than the 25th (twenty-fifth) day of the month following the reporting month

8.2.6.10. Monthly report on the state of liquidity of the Mechel Group created on the basis of the Mechel Group management accounts for the last calendar month - not later than the 20th (twentieth) day of the month following the reporting month, and a certificate of daily cash balances for each account of the Mechel Group companies, opened in credit institutions for the last calendar month - not later than 10 (Ten) business days from the date of the end of the relevant month.

8.2.6.11. Certificate of Financial Indebtedness of the Mechel Group (including information on Intercompany indebtedness) - not later than 15 (fifteen) business days from the date of the end of the month with corresponding charges.

8.2.6.12. List of contracts for supply of goods concluded between the Mechel Group companies and large end-purchasers / buyers and other Mechel Group companies, each of which has more than 1 (One) percent of revenue of the relevant Mechel Group company, during the quarter, as well as a report showing basic conditions and volumes of deliveries of the Mechel Group companies products on all contracts of delivery concluded with large end-purchasers / customers and other Mechel Group companies - not later than 15 (Fifteen) business days from the date of the end of the quarter.

8.2.6.13. Quarterly monitoring report prepared by the Department of financial control, and signed by the Deputy General Director, in the form developed by the Independent financial advisor and coordinated with the Lender, on the Mechel companies implementation of indicators provided in the Financial model, and confirmed by the Independent financial adviser, not later than 45 (Forty five) calendar days from the date of the end of the quarter.

8.2.7. In case of liquidation, reorganization or reduction of the authorized capital, to notify the Lender within 3 (Three) business days from the date of the decision of the Borrower authorized collegial management body. Notification of the Lender is made in the manner provided by the Agreement.

8.2.8. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure not to make additional emissions of shares, consolidation and / or splitting of shares specified in clause 9.1.1, 9.1.4 of the Agreement, without prior written agreement with the Lender.

8.2.9. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure non-implementation of translation of registers of shareholders of share issuers specified in clause 9.1.1, 9.1.4 of the Agreement, from an independent registrar, without prior written agreement with the Lender.

8.2.10. Quarterly not later than 5 (Five) business days from the date of the end of the calendar quarter, to ensure provision from registrars to the Lender of certificates confirming maintenance of the registers of shareholders specified in clause 9.1.1, 9.1.4 of the Agreement.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

15

8.2.11. Until complete fulfillment of obligations under the Agreement to the Lender, to ensure compliance of the Mechel Group of following financial indexes at the level specified in the table below:

 

Testing period Total debt

/ EBITDA

   

Value Total debt /

EBITDA, not higher

   

Test period EBITDA /
Consolidated financial
expenses

   

EBITDA /

Consolidated
financial expenses, no

lower:

2015    9.5    2015    0.9
01.07.2015 -30.06.2016    7.5    01.07.2015 -30.06.2016    1.25
2016    7.5    2016    1.25
01.07.2016 -30.06.2017    5.5    01.07.2016 -30.06.2017    1.50
2017    5.5    2017    1.50
01.07.2017 -30.06.2018    4.5    01.07.2017 -30.06.2018    1.75
2018    4.5    2018    1.75
01.07.2018 -30.06.2019    3.5    01.07.2018 -30.06.2019    2.00
2019    3.5    2019    2.00
01.07.2019 -30.06.2020    3.0    01.07.2019 -30.06.2020    2.50
2020    3.0    2020    2.50
01.07.2020 -30.06.2021    3.0    01.07.2020 -30.06.2021    2.50
2021    3.0    2021    2.50
01.07.2021 -30.06.2022    3.0    01.07.2021 -30.06.2022    2.50
2022    3.0    2022    2.50
01.07.2022 -30.06.2023    3.0    01.07.2022 -30.06.2023    2.50
2023    3.0    2023    2.50

Indicators specified in the table, are checked by the Lender on the basis of consolidated financial statements of the Mechel Group in accordance with IFRS / US GAAP, made for the corresponding period of testing and provided to the Lender in accordance with clause 8.2.6 of the Agreement, or published in the Internet on the website of the Mechel Group at: www.mechel.com.

8.2.12. Until complete fulfillment of obligations under the Agreement to the Lender, to provide excess value of net assets over the value of authorized capital:

 

  •   from January 1, 2016 and until January 1, 2017 - based on the results of every second calendar year in respect of the Borrower and each of guarantors under the Agreement in the case, if according to results of the previous fiscal year, the value of their net assets was lower than their share capital (respectively);

 

  •   from January 1, 2017 - based on the results of each calendar year, in respect of the Borrower and each of guarantors under the Agreement.

Net asset value is determined according to the Order No.84n of the Ministry of Finance of Russia dated 28.08.2014 “On approval of the Order of determining of net assets value”.

8.2.13. If according to consolidated financial statements of the Mechel Group, any of the Mechel Group companies, which is not a surety (guarantor) for the obligations of other Mechel Group companies to the Lender or its affiliated persons, any of the following indicators of financial statements - Revenue, EBITDA or value of assets - more than 3 (Three) percent from the corresponding figure of the Mechel Group, according to the latest consolidated financial statements of Mechel OAO, the Borrower must provide guarantees and / or sureties of such a Mechel Group company in favor of the Lender to secure obligations under the Agreement in the form agreed with the Lender, within 20 (Twenty) business days from the date of representation of respective statements of Mechel OAO (referred to in clause 8.2.6 of the Agreement).

Obligation provided for in the first indent of this clause of the Agreement, does not apply to Open Joint Stock Company “Kuzbassenergosbyt”( address: 650036 Kemerovo region, Kemerovo, 90/4 Prospekt Lenina, PSRN 1064205110133)

8.2.14. Not to perform and not to allow any of the Mechel Group companies to make the following operations, transactions, actions without the prior written consent of the Lender:

8.2.14.1. Transactions for which the Borrower and / or the Mechel Group company acts as a lender of Financial Indebtedness of persons not included in the Mechel Group, except for transactions not executed as of February 8, 2016.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

16

8.2.14.2. Transactions for which the Borrower shall and / or Liable persons act as a Lender of Financial Indebtedness of persons included in the Mechel Group and not Liable persons, except for the transactions:

a) for which the loan is provided for and / or subject to repayment within 10 (Ten) business days prior to any Financial Indebtedness of any Liable person for the same amount.

b) for which the loan is provided to repay Financial Indebtedness and / or debt to individual suppliers of persons which are members of the Mechel Group and are not Liable persons, in the amount of not more than 6,000,000,000 (Six billion) rubles in 2016, not more than 8,000,000,000 (Eight billion) in 2017, and not more than 6,000,000,000 (Six billion) in 2018 and beyond. These loans specified in this clause, may be granted without consent of the Lender, with only absence of arrears to the Lender.

c) For which the loan is provided for the benefit of the Limited Liability Company Mechel Energo (Mechel Energo LLC, address: Russia, 454047, Chelyabinsk region, Chelyabinsk, 14 2nd Paveletskaya Street, TIN 7722245108, PSRN 1027700016706) in the amount not more than 4,084,000,000 (Four billion eighty-four million) rubles, provided translation of the Financial Indebtedness of MechelEnergo LLC to any of the Liable persons, for the amount not less 3.8 billion (Three billion eight hundred million) rubles and full payment of the transfer in cash within 100 (One hundred) calendar days.

For transactions referred to in clause a), b) and c) of this clause of the Agreement, the Borrower shall undertakes to provide the Lender within terms specified in clause 8.2.6.1, 8.2.6.2 of the Agreement, a written report containing information on participants, amounts and terms of these transactions. In case of a written request of the Lender, the Borrower shall, within 10 (Ten) business days, provide duly certified copies of supporting documents for these transactions (copies of contracts, payment orders).

8.2.14.3. Attraction, as well as changes in conditions of previously borrowed loans and loans from third parties not included in the Mechel Group, or transactions (series of interrelated transactions), which result in Financial Indebtedness of the Borrower and / or the Mechel Group companies to third parties, or changing maturities of previously occurred Financial Indebtedness of the Borrower and / or the Mechel Group companies to third parties not being a part of the Mechel Group, except:

 

  •   involved and concluded in the framework of Restructuring;

 

  •   involved and concluded in the framework of Refinancing;

8.2.14.4. Early repayment of loans / borrowings on credit agreements / loan agreements concluded by the Mechel Group companies with lenders / lenders, including purchase of Mechel OAO bonds, with the exception of Refinancing transactions.

In case of violation of any by the Mechel Group companies, obligations described above, the Lender is entitled to request from one or more Mechel Group companies that are operating borrowers for the Lender, and the corresponding borrower who has received such a demand of the Lender, shall, within 5 (Five) business days from date of receipt of this claim of the Lender, to prepay part of the loan debt on the relevant credit agreement (agreement on the credit line), concluded between the Lender and the relevant borrower in the amount specified in the demand of the Lender.

The total amount of prepayment for one or more credit contracts should be, in monetary terms, the same share in the loan portfolio of the Lender, which was the amount of early repayment of credits / loans before the relevant repayment in balance of loan debt of the Mechel Group to the lender / lender whose indebtedness was repaid ahead of schedule by the Mechel Group.

8.2.14.5. Granting of sureties and / or guarantees, obligations for compensation of damages in security of obligations to the Mechel Group companies and third parties, which are not Mechel Group companies, except for guarantees and commitments to reimburse:

a) existing as at February 8, 2016;

b) issued (provided) in favor of international consultants, auditors, pledgors, investment banks as part of standard terms of implementation of services activities by given persons;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

17

c) issued (provided) in favor of the members of the Board of the Mechel Group companies (with the exception of members of the Board of Mechel OAO) in connection with performance of their duties;

d) issued (provided) at the request of auditors of a foreign subsidiary of the Mechel Group for the purpose of covering negative net assets of the respective subsidiary at the amount required to cover this;

e) issued (provided) in favor of the Lender or its affiliated persons for the obligations of the Borrower, Liable persons or other companies of the Mechel Group to the Lender or its affiliated persons;

f) issued (provided) as part of Restructuring; or

g) issued (provided) to secure transactions of Refinancing (provided that the condition (b) of the term “Refinancing” is fulfilled, as defined in clause 1.2 of the Agreement.

8.2.14.6. Acquisition and alienation by the Borrower and / or the Mechel Group companies once or in part, in one or a set of related transactions, whether for consideration or free of charge, with representation of proportionate or disproportionate compensation (counter granting), property and / or assets (including parts / shares) owned by the Borrower and / or the Mechel Group companies (including the Liable persons), in favor of third parties (including alienation of parts / shares of companies, defined in Appendix No.7 to the Agreement as Non-key assets of the Mechel Group, but with the exception of acquisition or disposal of property and / or assets (including parts / shares):

a) in the ordinary course of business; or

b) in respect of obsolete and worn-out property; or

c) between the Mechel Group companies that are not Liable persons and / or the Borrower;

d) between the Borrower and Liable persons, between the Liable persons, as well as between the Borrower and Liable persons and the Mechel Group companies, provided that:

 

  •   the amount of transactions (series of interrelated transactions) on acquisition or disposal in relation to each of the Borrowers or Liable persons, shall not exceed 1 (One) percent of the book value of the assets of the Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date, and such transaction (set of interrelated transactions) was approved by the Board of Directors of the Borrower, and the Borrower’s director appointed in accordance with clause 7.1.7.29 of the Agreement, voted in favor of the approval of this transaction.

 

  •   Such a transaction can be made without such approval, if the director of the Borrower designated in accordance with clause 7.1.7.29 of the Agreement, more than two times: (a) did not attend the meeting of the Board of Directors whose agenda included the issue of approval of the transaction, and / or (b) did not vote at this issue at the respective Board of Directors meetings; and

 

  •   the total volume of transactions of the Borrower or any Liable person (including related transactions) for disposal or acquisition of property and / or assets (including shares), does not exceed for each calendar year, 3 (Three) per cent of the aggregate book value of assets of the Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date, and for the term of the Agreement - 10 (Ten) percent of the total book value of the assets of the Borrower or the relevant Liable person, according to the relevant accounting (financial) statements on the last reporting date.

8.2.14.7. Creation and / or omission of any encumbrance or creation of conditional disposal of property and / or assets (including parts / shares) in the framework of one or several interrelated transactions, with the exception of:

a) encumbrance of assets of the Borrower and other companies of the Mechel Group existing as of February 8, 2016;

b) encumbrance of assets of the Borrower and other companies of the Mechel Group for the

obligations of companies of the Mechel Group to the Lender or its affiliated persons;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

18

c) encumbrance created in the framework of Restructuring;

d) encumbrance created to secure transactions of Refinancing (provided that the condition (b), of the term “Refinancing” is fulfilled, as defined in clause 1.2 of the Agreement.

e) in cases provided by laws.

8.2.14.8. Implementation of investment (in any form) of the share capital in the amount more than 10,000,000 (Ten million) rubles.

8.2.14.9. Execution or repayment of obligations before the due date and / or occurrence of respective maturity date or payment:

a) payment obligation (payment obligations) (excluding Financial Indebtedness) in excess of 10 (Ten) per cent of the aggregate of all payment obligations of the Borrower and / or the relevant company of the Mechel Group;

b) any Financial Indebtedness, except early performance and other financial commitments:

 

  •   in the framework of Restructuring;

 

  •   in the framework of Refinancing;

8.2.14.10. Implementation of share buyback, except in cases provided by the Law, as well as announcement and / or payment of dividends, except for:

a) announcements and / or payment of dividends on preferred shares of Mechel OAO in the amount not exceeding 8,000,000 (Eight million) in a year or in accordance with the procedure laid down in the Charter of Mechel OAO;

b) announcements and / or payment of dividends in favor of the Borrower, Liable persons and / or their subsidiaries.

8.2.14.11. Conclusion of transactions (including purchase and sale of property and assets (including shares), sales of products and services) with the Mechel Group companies, affiliated parties and third parties on terms other than market (including use of hidden commissions, bonuses , penalties, transfer pricing, which differ from ordinary course of business).

8.2.14.12. Providing of advances on contracts concluded in the ordinary course of business for a period exceeding 6 (Six) months.

8.2.14.13. Conclusion of agreements on the terms under which the Borrower and / or the Mechel Group company as a buyer, is obliged to purchase goods in the amount and at the price set in the contract, or to pay a penalty (the “take or pay” transaction).

8.2.15. Not to perform and not to allow any of Liable persons to make the following operations, transactions, actions without the prior written consent of the Lender:

a) Reorganization, reduction or increase of the authorized capital of the Borrower and Liable persons and issuance of new shares, except in the case of additional issue provided additional security to the Lender to preserve the shares pledged to the Lender, in accordance with the terms of clause 9.1.1 and 9.1.4 of the Agreement.

b) Significant change in the basic directions of its business.

c) Changes in the constituent documents, except for technical changes related to change in address, location, creation or liquidation of branches and representative offices, as well as changes needed in accordance with the Law.

d) From December 31, 2015 provision to third parties (including credit institutions or other lenders) a right of debiting of monetary funds from the accounts of the Borrower or the relevant Liable person, opened for the Lender, on the basis of accounting documents provided by the Law, including based on collection orders.

8.2.16. Not to allow presence, and to ensure that the Mechel Group company do not allow presence of overdue for more than 90 (Ninety) calendar days, of commercial debt and advance payments, with the exception of arrears in the aggregate for all Mechel Group companies in the amount not exceeding:

 

  •   from January 1, 2016 - 5 (Five) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

19

  •   from January 1, 2017 - 4 (Four) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group;

 

  •   from January 1, 2018 - 3 (Three) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group;

 

  •   from January 1, 2019 until July 1, 2019 - 2 (Two) percent of Revenue of the Mechel Group according to the latest consolidated financial statements of the Mechel Group;

 

  •   From July 1, 2019 - mentioned delay is not allowed.

8.2.17. If according to the latest consolidated financial statements of the Mechel Group, revenue of any Trader exceeded 2.5 (two point five) percent of consolidated revenues of the Mechel Group to ensure conclusion of guarantees and / or guarantee agreement between the Lender and such a Trader at a form agreed with the Lender, within 20 (Twenty) business days from the date specified in clause 8.6.2.4 of the Agreement. After conclusion of guarantees and / or guarantee, the corresponding Trader shall be deemed a Liable person.

8.2.18. At the request of the Lender or the Deputy General Director, promptly (within terms specified in the relevant requirement) to provide or ensure provision to the Lender, Deputy General Director and / or their representatives, auditors or other professional advisers, easy access to the premises, provided that the visitors stick to crossing regime and the regime of being at the facility, assets, primary documents (in paper or electronic form) of the Borrower and Liable persons, including but not limited to the following information and / or documents:

8.2.18.1. Information in respect of the Financial Indebtedness of the Mechel Group companies (including Intercompany debt), any commercial debt of the Mechel Group companies (including commercial debt between the Mechel Group companies), issued guarantees and / or guarantees for liabilities of third parties not included in the Mechel Group, as well as obligations of the Mechel Group companies to third parties.

8.2.18.2. Information and documents on compliance by the Borrower and / or Liable persons, with financial obligations referred to in clause 8.2.11 of the Agreement.

8.2.18.3. Information and documents in respect of commercial debt of the Mechel Group companies, including commercial debt between the Mechel Group companies.

8.2.18.4. Information on sale of products including contracts for supply of goods concluded with end customers / consumers and the Mechel Group companies.

8.2.18.5. Information on procurement of the Mechel Group companies, contracts with contractors and / or service companies for purchase of products and / or services.

8.2.18.6. Information and documents in respect of cash flow of the Mechel Group companies, including information and documents on cash balances on accounts of the Mechel Group companies in credit institutions, bank statements of the Mechel Group companies, information on all operations carried out on the accounts and made payments.

8.2.18.7. Decisions taken by governing bodies of the Mechel Group companies, internal committees of the Mechel Group companies, as well as information for consideration by internal committees of the Mechel Group companies and management bodies of the Mechel Group.

8.2.18.8. Information on annual investment program of the Mechel Group including:

 

  •   established limits of investment actions of the Mechel Group in the context of the Mechel Group companies;

 

  •   information on projects under the approval stage;

 

  •   indicators of the investment program implementation of the Mechel Group, including attracted (or planned to attract) funding, information on development and commissioning of major projects;

 

  •   plan-fact analysis of performance of the annual investment program of the Mechel Group for each calendar month including basic parameters of the project according to attracted (or planned to attract) financing, development and commissioning of basic objects, and in case of deviations of parameters from planned annual investment program of the Mechel Group, for 5 (Five) percent or more, detailed explanation of the reasons for such deviations and their possible adjustment;

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

20

  •   information on taken or planned actualization of the budget of investment actions without changing annual investment program of the Mechel Group total budget and / or adjustments to the general budget of the annual investment program of the Mechel Group;

 

  •   calculation of economic performance indicators of the Mechel Group investment projects;

 

  •   information on implementation of investment projects, including decisions on implementation of the corresponding investment project adopted in accordance with a schedule of set out in the framework of annual investment program of the Mechel Group, deviations from the budget, schedule and scope of work carried out within the framework of the relevant investment project.

8.2.18.9. Budgets of each of the Mechel Group companies and Budget of the Mechel Group.

8.2.18.10. Plan / fact and analysis of execution of annual budget of each of the Mechel Group companies for each calendar month and, in the case of deviations from the planned indicators in the Budget for 5 (Five) percent or more, detailed explanation of reasons for such deviations and their possible corrections.

8.2.18.11. Information on conducted or planned update and / or adjustment of the annual Budget of the relevant Mechel Group company.

8.2.18.12. Information and documents in relation to any claim made against any of the Mechel Group companies (including legal action, claim, claim for payment and / or return of funds, labor dispute requirements, etc.), by third parties for the amount exceeding: for Southern Kuzbass OAO, Yakutugol OAO and ChMP PJSC – 50,000,000 (Fifty million) rubles for each company, for all other Mechel Group companies - 10,000,000 (Ten million) rubles (for each).

8.2.18.13. Information and documents in respect to requirements of tax authorities to the Mechel companies, as well as results of audits by tax authorities of the Mechel Group companies.

8.2.18.14. Information on any claims made by public authorities to the Mechel Group companies.

8.2.18.15. Information on acquisition / disposal of property and other assets (including shares) of the Mechel Group companies, including information on sale of non-core assets of the Mechel Group companies.

8.2.18.16. Information on licenses required for ordinary course of business of the Mechel Group companies.

8.2.18.17. Information in respect of the share capital structure of the Mechel OAO to the level of the Beneficial owner.

8.2.18.18. Information on transactions concluded by the Borrower and Liable persons with affiliated persons.

8.2.18.19. Information on occurrence of any facts that may lead to significant deterioration of financial condition of the Borrower and / or Liable persons.

8.2.19. Not later than March 31, 2016 (inclusive), to ensure conclusion between the Lender and Mechel OAO, Mechel Mining OAO, Mechel Trans LLC, Mechel Service LLC, Mechel Energo LLC, Mechel International Holdings GmbH LLC, Mechel Coke LLC, agreement on preferential rights of the Lender (right of first refusal) in respect of assets listed in Appendix No. 7 to the Agreement.

8.2.20. To ensure provision to the Lender of documents confirming conclusion between the Mechel Group companies and credit institutions, in respect of which these Mechel Group companies have Financial Indebtedness, agreements on restructuring of the Financial Indebtedness of the Mechel companies and settlement of disputes related to such Financial Indebtedness:

 

  i) in respect of Financial Indebtedness on ruble bond loans of Mechel OAO - until September 30, 2016 inclusively;

 

  ii) in respect of other Financial Indebtedness - until 30 June, 2016 inclusively.

8.2.21. Not later than March 31, 2016 (inclusive), to provide duly certified by the Borrower confirmation of agreed with the Lender changes to constituent documents of the Borrower and Liable persons providing also the condition of special procedure of approval of entity transactions on alienation and encumbrance of major assets, issue, gaining of credits and loans, and other significant transactions by unanimous decision of Board of the Borrower / Liable persons.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

21

8.2.22. To ensure, starting from April 01, 2016, quarterly flow of earnings (including advance payments) on contracts of external and / or internal market to accounts of the Mechel Group companies of the Lender, in the amount determined as follows:

Share of proceeds (including advance payments) on contracts (agreements) of external and / or internal market to their accounts of the Lender, shall be equal to the share of the Lender in the existing Credit portfolio of the Mechel Group minus 1 (One) percent. Share in the Credit portfolio is calculated on the 1st (First) day of each month of the first reporting calendar quarter, and is used to determine the required amount of revenue in the current calendar quarter. The Loan portfolio, for the purposes of this clause of the Agreement, means the amount of Financial Indebtedness, as that term is defined in clause 1.2 of the Agreement.

8.2.23. To provide additional security in the amount of decrease in the value of pledge, or repay unsecured loan amount within 30 (Thirty) calendar days from the date of receipt of the relevant notification of the Lender, if during the term of the Agreement, the collateral value of pledged items specified in clause 9.1.1 - 9.1.10 of the Agreement, as a result of loss of the object (s) of the pledge (due to loss, damage, shortage, disposal, theft, or for other reasons beyond the control of lender) became less than the total collateral value of pledge items specified in clause 9.1.1 - 9.1.10 of the Agreement, for February 8, 2016.

8.2.24. Upon the occurrence of events / circumstances of default character, specified in clause 7.1.7, in part of any of the guarantors and / or mortgagors on loan, to ensure replacement of guarantor(s) and / or pledged property for the same amount for 20 (Twenty) calendar days from receipt of a request of replacement of guarantor(s) and / or pledged property for the same amount, from the Lender. At the same time the guarantor(s) and / or composition of the pledged property must be acceptable to the Lender and agreed by him.

8.2.25. To replace / to ensure replacement of items of (a) the pledge that are land plots / rights to lease land plots with located or building structures and facilities, being in pledge (that will be in pledge) under the Agreement, in accordance with clause 9.1.3, 9.1.7, 9.1.8 of the Agreement, within 30 (Thirty) business days from the date of publication in the print media, intended for official publication of legal acts of state authorities of the Russian Federation, or official publication by the local government of municipality, on whose territories items of pledge are located, or posting on the official websites of the highest executive body of state authority of the Russian Federation or a municipal formation in the information and telecommunication network “Internet”, of a report about planned withdrawal of the above items of pledge for public needs. At the same time the type and composition of the proposed property for replacement must be reasonably acceptable to the Lender and agreed by him.

8.2.26. To conclude (to ensure conclusion) an agreement of the Lender’s right to withdraw funds, without the order of the payer, in repayment of overdue debt from new accounts of the Borrower and guarantors offered by the Lender, within 5 (Five) working days from the date of notification of the Lender on opening the new account. Notification of the Borrower about such a demand is made in the manner provided by the Agreement.

8.2.27. Until complete fulfillment of obligations under the Agreement to the Lender, not to fulfill (to ensure failure), without prior written consent of the Lender, of any action(s) with property pledged to the Lender, which lead to decrease in its value (except for proper operation).

8.2.28. To notify the Lender in the manner provided by the Agreement, of possible occurrence of incidents and events, referred to in clause 7.1.7 of the Agreement, as well as about actual occurrence of these cases and events not later than 3 (Three) business days from the date following the date when the Borrower became aware of possible (actual) occurrence of the relevant event (event).

8.2.29. To ensure alignment with the Lender of conditions of made between non-affiliated with the Borrower shareholders of the Borrower, or affiliated with the Borrower shareholders of the Borrower, and third parties of corporate or another similar agreement / contract limiting its rights as a counterpart of the Lender, or in any other way affecting the ability to perform its obligations under the Agreement, concluded / being concluded with the Lender contracts / agreements.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

22

8.2.30. To provide the Lender with duly certified documents (copies of protocols) confirming the decision by the general meeting of shareholders of each of the Public companies of the Mechel Group, decisions on approval of entered into between the Lender and each of the Public companies of the Mechel Group, additional agreements that are interested party transactions and / or major transactions to contracts providing provision to the Lender of security of the obligations of the Mechel Group companies, for all concluded with the Lender loan agreements (including the Agreement), with amendments and additions as of February 10, 2016, when, in accordance with the laws, such decision of the question has been referred to competence of the general meeting of shareholders of Public Joint Stock Companies of the Mechel Group - within a reasonable time, but not later than April 9, 2017 (inclusive).

In case that the Borrower provides, up to December 1, 2016, transactions referred to in the first paragraph of this clause of the Agreement (without provision to the Lender of the documents confirming their approval), the period of performance of the obligation of the Borrower to provide the Lender with documents (copies of protocols) confirming adoption by the general meeting of shareholders, by each of the Public companies of the Mechel Group, decisions on approval of the above-mentioned transactions concluded before December 1, 2016, transfers on June 30, 2018 (inclusive).

8.2.31. To provide the Lender with duly certified documents (copies of protocols) confirming the decision by the general meeting of shareholders of each of the Public companies of the Mechel Group, decisions on approval of entered into between the Lender and each of the Public companies of the Mechel Group, additional agreements that are interested party transactions and / or major transactions to contracts providing provision to the Lender of security of the obligations of the Mechel Group companies, for all concluded with the Lender loan agreements (including the Agreement), with amendments and additions as of February 10, 2016, when, in accordance with the laws, such decision of the question has been referred to competence of the general meeting of shareholders of Public Joint Stock Company Mechel Group - within a reasonable time, but not later than April 9, 2017 (inclusive).

To avoid any doubt, the Parties agreed that the breach of the obligation under this clause 8.2.31 of the Agreement, is not a basis for application of clause 7.1.7 of the Agreement and recovery of damages from the Borrower.

8.2.32. In case of alienation by the Borrower and / or the Mechel Group companies, once or in part, in one or a set of related transactions, whether for consideration or free of charge, with representation of proportionate or disproportionate compensation (counter) belonging to the Borrower and / or the Mechel Group companies (including the Liable persons) in favor of third parties, Non-key assets of the Mechel Group, the obligation of the Borrower to repay outstanding loans (principal debt) of the Agreement, becomes urgent to fulfill in terms of price, the proportionate share of loan debt (principal debt) of the Agreement in the amount of total debt of the Mechel Group on agreements providing loans to each of the following persons: the Lender, GPB Bank (JSC) and VTB Bank (PJSC), as well as banks and financial institutions involved as lenders under:

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Southern Kuzbass Coal Company OAO as a borrower;

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Yakutugol HC OAO as a borrower,

determined (based on the certificate obtained in accordance with clause 8.2.6.11 of the Agreement) on the last date of the calendar month preceding alienation of Non-core assets of the Mechel Group.

The obligation shall be enforceable not later than 20 (Twenty) business days from the date of receipt of payment from a new owner of the alienated Non-key assets of the Mechel Group.

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

23

Non-key assets of the Mechel Group companies are specified in the Appendix 7 to the Agreement.

«Article 9. SECURITY

9.1. To ensure timely and full implementation of the Borrower obligations under the Agreement, including repayment of loan, interest, Commission payments provided by terms of the Agreement, the Borrower shall provide / ensure the provision to the Lender:

9.1.1. Not later than April 9, 2017 (inclusive) to pledge / subsequently pledge common shares of Open Joint Stock Company “Mechel Mining” (Mechel Mining OAO, address: Russia, 125993, Moscow, 1 Krasnoarmeyskaya Street, PSRN 1085406013846, TIN 5406437129), belonging to the Mechel Group, pledged under the Pledge agreement No. 3-5703 dated December 19, 2013, concluded between the Lender and the Mechel OAO, with nominal value of 7.37 (seven 37/100) rubles per share, in the amount not less than 25 (Twenty five) percent plus 1 (One) share of the total number of outstanding ordinary shares of the Mechel Mining OAO.

Later, in case of issuance and placement of additional ordinary shares of the Mechel Mining OAO, the Borrower undertakes to ensure within 10 (Ten) business days from the date of registration of the report on issuance of shares in the authorized state bodies, provision to the Lender as a pledge, such an amount of ordinary Mechel Mining OAO shares so that the share of ordinary shares of the Mechel Mining OAO, which are pledged to the Lender, would make after such issuance of additional shares, at least 25 (Twenty five) percent plus 1 (One share of the total number of outstanding ordinary shares of the Mechel Mining OAO.

In case of release of Mechel Mining OAO preferred shares and subsequent adoption by Mechel Mining OAO, of a decision to pay dividends on its own preferred shares, the Borrower shall, within 10 (Ten) business days from the date of decision of Mechel Mining OAO, on non-payment of dividends on preferred shares, to ensure the provision to the Lender as collateral, of such a number of Mechel Mining OAO shares so that the part of voting shares of Mechel Mining OAO, which are pledged to the Lender, has not been less than 25 (Twenty five) percent plus 1 (One) share of the total number of voting shares of Mechel Mining OAO, while the part of the pledged ordinary shares shall be at least not less than 25 (Twenty five) percent plus 1 (One) share of the total number of ordinary shares of Mechel Mining OAO.

9.1.2. Not later than April 9, 2017 (inclusive) to pledge / subsequently pledge movable property owned by the Public Joint Stock Company “Chelyabinsk Metallurgical Plant” (ChMP PJSC, address: Russia, 454047, Chelyabinsk, 14 2nd Paveletskaya Street, TIN 7450001007, PSRN 1027402812777), which is the subject of pledge under the Pledge agreement No.5321-ZAL-1 dated October 13, 2010, No.5321-ZAL-2 dated October 13, 2010, concluded between the Lender and the ChMP PJSC.

9.1.3. Not later than March 9, 2017 (inclusive) to pledge / subsequently pledge immovable property owned by the Bratsk Ferroalloy Plant LLC, that is the subject of pledge under the Mortgage agreement No.5321 / i-1 dated November 01, 2011, concluded between the Lender and the Bratsk Ferroalloy Plant LLC.

9.1.4. Not later than April 9, 2016 (inclusive) to pledge / subsequently pledge common shares of Open Joint Stock Company “Mechel Mining” (Mechel Mining OAO, address: Russia, 453500, Moscow, 1 Krasnoarmeyskaya Street, PSRN 1020201623716, TIN 0256006322), belonging to the Mechel Group, pledged under the Pledge agreement No. 3-5321 dated December 3, 11, concluded between the Lender and the Mechel OAO, with nominal value of 2010 (seven 1) rubles per share, in the amount not less than 25 (Twenty five) percent plus 1 (One) share of the total number of outstanding ordinary shares of the Mechel Mining OAO.

Later, in case of issuance and placement of additional ordinary shares of the Mechel Mining OAO, the Borrower undertakes to ensure within 10 (Ten) business days from the date of registration of the report on issuance of shares in the authorized state bodies, provision to the Lender as a pledge, such an amount of ordinary Mechel Mining OAO shares so that the share of ordinary shares of the

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

24

Mechel Mining OAO, which are pledged to the Lender, would make after such issuance of additional shares, at least 25 (Twenty five) percent plus 1 (One share of the total number of outstanding ordinary shares of the Mechel Mining OAO.

In case of adoption by BMP OAO of a decision to pay dividends on its own preferred shares, the Borrower shall, within 10 (Ten) business days from the date of decision of BMP OAO, on non-payment of dividends on preferred shares, to ensure the provision to the Lender as pledge/subsequent pledge of such a number of BMP OAO shares so that the part of voting shares of BMP OAO, which are pledged/subsequently pledged to the Lender, has not been less than 25 (Twenty five) percent plus 1 (One) share of the total number of voting shares of BMP OAO, while the part of the pledged ordinary shares shall be at least not less than 25 (Twenty five) percent plus 1 (One) share of the total number of ordinary shares of BMP OAO.

9.1.5. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the Limited Liability Company “Bratsk Ferroalloy Plant” (Bratsk Ferroalloy Plant LLC, address: Russian Federation, Irkutsk region, 665716, Bratsk, P 101 11 01 00, PSRN 10338008455760, TIN 380450001), which is the subject of pledge under the Pledge agreement No.159 / z-1 dated October 14, 2010, No.160 / z-1 dated November 8, 2010, concluded between the Lender and the Bratsk ferroalloy plant LLC.

9.1.6. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the Borrower, which is the subject of pledge according to the Pledge agreement No.DZ-13/1 dated March 25, 2010, No.DZ-13/2/1 dated August 31, 2010, No.DZ-13/3 dated March 17, 2014, No. Z-5593-5594-8507-8508 dated October 31, 2014, concluded between the Lender and the Borrower.

9.1.7. Not later than April 9, 2017 (inclusive) to pledge / subsequently pledge immovable property owned by the Open Joint Stock Company “Izhstal” (Izhstal OAO, address: Russia, Udmurt Republic, 426006, Izhevsk, 6 Novoazhimova Street, PSRN 1021801435325, TIN 1826000655), that is the subject of pledge under the Mortgage agreement No.31-3 dated February 13, 2009, No.186-Z dated July 6, 2009, No.119-Z dated July 22, 2010, concluded between the Lender and the of Izhstal OAO.

9.1.8. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge immovable property owned by the Bratsk Ferroalloy Plant LLC, that is the subject of pledge under the Mortgage agreement No.159 / i-1 dated November 25, 2010, concluded between the Lender and the Bratsk Ferroalloy Plant LLC.

9.1.9. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the Open Joint Stock Company “Korshunov Mining Plant” (KGOK OAO, address: Russian Federation, Irkutsk region, 665651, Zheleznogorsk-Ilimsky, 9, A/1 Ivashchenko Street, PSRN 1023802658714, TIN 3834002314), which is the subject of pledge under the Pledge agreement No.028-029 / z-1 dated March 16, 2010, No.028-029 / z-2 dated March 16, 2010, No.028-029 / z-3 dated March 16, 2010, concluded between the Lender and KGOK OAO.

9.1.10. Not later than March 9, 2016 (inclusive) to pledge / subsequently pledge movable property (including special equipment) owned by the Open Joint Stock Company Holding Company Yakutugol (Yakutugol HC OAO), address: 678960 Republic of Sakha (Yakutia), Neryungri, 3/1 Lenina, PSRN 1021401009057, TIN 1434026980), which is the subject of pledge under the Pledge agreement No.17 dated April 23, 2010, concluded between the Lender and Yakutugol OAO.

9.1.11. Not later than March 9, 2016 (inclusive) the guarantee of Mechel OAO with a limit of responsibility not more than 5,300,000,000 (Five billion three hundred million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.12. Not later than April 9, 2016 (inclusive) the guarantee of Mechel OAO for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

 

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25

9.1.13. Not later than March 9, 2016 (inclusive) the guarantee of Mechel Trans LLC (address: Russian Federation, 117437, Moscow, Ostrovityanova Street, 9, build.4, PSRN 1027739053374, TIN 7728246919) for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.14. Not later than March 9, 2016 (inclusive) the guarantee of Mechel Service LLC (address: Russian Federation, 117437, Moscow, 35 Mishina Street, PSRN 1057746840524, TIN 7704555837) for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.15. Not later than March 9, 2016 (inclusive) the guarantee of Bratsk Ferroalloy Plant LLC for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.16. Not later than March 9, 2016 (inclusive) the guarantee of ChMK PJSC with a limit of responsibility not more than 2,120,000,000 (Two billion one hundred and twenty million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.17. Not later than April 9, 2016 (inclusive) the guarantee of ChMK PJSC for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.18. Not later than March 9, 2016 (inclusive) the guarantee of Izhstal OAO with a limit of responsibility not more than 260,000,000 (Two hundred and sixty million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.19. Not later than April 9, 2016 (inclusive) the guarantee of Izhstal OAO for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.20. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO with a limit of responsibility not more than 600,000,000 (Six hundred million) rubles, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.21. Not later than April 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.22. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

9.1.23. Not later than March 9, 2016 (inclusive) the guarantee of KGOK OAO for the full amount of the Borrower’s obligations under the Agreement, with conclusion of an agreement on the rights of the Lender to debit funds without the guarantor’s order from its accounts opened from the Lender, to repay overdue debt under the Agreement.

4. To state the first paragraph of clause 10.2 in the following edition

“10.2. While late transfer payment to repay loan or pay interest to the Lender, the Borrower shall pay a penalty equal to the interest rate applicable on the date of the arrears, and established in accordance with terms of the Agreement, multiplied by 1.5 (One point five) times, in percent per annum. Penalty is charged on the overdue amount for each day of the delay from the date of

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

26

occurrence of the overdue debt (excluding that date) to the date of full repayment of the overdue debt (inclusive). At the same time interest for credit usage stated in the Agreement, on the overdue amount, is not charged from the date following the date of repayment of the corresponding payment.

5 To state the first paragraph of clause 10.5 in the following edition

“10.5. In each case / in default of the Borrower to perform each of the obligations under the Agreement, shown in the table in this clause of the Agreement, on demand of the Lender, the Borrower shall, in accordance with clause 7.1.11 of the Agreement, pay a penalty in the amount specified in the table, to the Lender.

 

Number of the Agreement clause

   

Size of penalty

8.2.5, 8.2.6, 8.2.10, 8.2.26   

5,000 (Five thousand) rubles for each day of failure

to perform obligations

8.2.7, 8.2.8, 8.2.9, 8.2.13, 8.2.14, 8.2.15,

8.2.17, 8.2.22, 8.2.28, 8.2.29 of clause 1 of the

Appendix No. 6 to the Agreement.

   

150,000 (One hundred and fifty thousand) rubles for

each case of failure to perform obligations,

but not more than 1,000,000 (One million) rubles per

year in total

The penalty shall be paid within 5 (Five) business days from the date of receipt of the relevant notification of payment of the penalty.

6. 13.1 in the following edition

“13.1. All changes and additions to the Agreement, except in the cases specified in clause 4.1, 7.1.1, 7.1.2 of the Agreement, are valid only if they are made in writing and signed by authorized persons.

7. 13.1 in the following edition

“13.9. Appendixes No. 1, No. 2, No.3, No.4, No.5, No.6, No.7, No.8 to the Agreement are its integral part.

8. Supplement the Article 13 of the Agreement with clause 13.11 as follows:

“13.11. Provisions of Article 317.1 of the Civil Code of the Russian Federation shall not apply to monetary obligations of the Parties under the Agreement”.

9. The Borrower confirms, represents and warrants that on the date of the Additional Agreement:

9.1. Pledgor(s) of the pledged property is (are) its full legal owner(s) or person(s), otherwise duly entitled thereto to dispose it.

9.2. There are no encumbrances of the pledged property by third party rights, except for encumbrances in favor of the Lender.

9.3. The pledged property does not apply to the property of mobilization purpose or the object of civil defense.

9.4. As far as it is known to the Borrower, between its shareholders and its shareholders and third parties there have not concluded any corporate or other similar agreement limiting its rights as a counterparty of the Lender, or in any other way affect possibility of conclusion or fulfillment of obligations under the Agreement, as well as other signed with the Lender contracts.

10. To state the Appendix No. 3 in the version of Appendix No. 1 to the Additional Agreement, Appendix No. 4 in the version of Annex No. 2 to the Additional Agreement, Appendix No. 5 in the version of Annex No. 3 to the Additional Agreement, Appendix No. 6 in the version of Appendix No. 4 to the Additional Agreement, and supplement the Agreement with Appendix No. 7 in the version of Appendix No. 5 to the Additional Agreement.

11. The Additional Agreement shall enter into force on the date of its signing, it extends its action to relations between the Parties from January 01, 2016, and it is an integral part of the Agreement. Appendixes No. 1, No. 2, No. 3, No. 4, No. 5, No. 6 to the Additional Agreement are its integral part.

 

Additional Agreement No.8 dated March 4, 2016 to

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12. Each condition of the Additional Agreement or terms of the Agreement, as amended by this Additional Agreement, is essential for the Parties - the Parties recognize them as essential terms in the sense of Art. 432 of the Civil Code of the Russian Federation. Invalidity of any of the provisions of the Additional Agreement or any of the provisions of the Agreement, as amended by this Additional Agreement, shall entail the invalidity of the Additional Agreement as a whole, because the Additional Agreement could not concluded by the Parties in the absence of the invalid provision.

13. Procedure for termination of the Additional Agreement is set out in the Appendix No. 6 to the Amendment.

14. The Additional agreement is executed in 2 (two) copies of equal legal force, one for the Lender and the Borrower.

Addresses and details of Parties

Lender:

Address: Russian Federation, Moscow.

Address and postal address: 117997 Moscow, Vavilova Street, 19.

E-mail address: mechel@sberbank.ru.

TIN 7707083893, PSRN 1027700132195, PPC 775001001, OKPO 00032537.

For transfers in rubles: account 30301810000006000014, c/a No.30101810400000000225 in the Main Administration of the State Bank of Russia for the Central Federal District, RCBIC 044525225.

For transfer in US dollars: Acc. No. 30301840300006000014 Sberbank, Moscow, SWIFT SABRRUMM (HEAD OFFICE – ALL OFFICES in RUSSIA) BANK OF NEW YORK MELLON NEW YORK, NY, SWIFT IRVT US 3N

For transfer in EURO: Acc. No. 30301978900006000014 Sberbank, Moscow, SWIFT SABRRUMM (HEAD OFFICE – ALL OFFICES in RUSSIA) DEUTSCHE BANK AG FRANKFURT AM MAIN, SWIFT DEUTDEFF.

Telephone: (495) 957-55-63. Fax: (495) 957-55-68.

Borrower:

Address: Russian Federation, address: Russian Federation, the Kemerovo region, Mezhdurechensk.

Address and postal address: Russian Federation, address: Russian Federation, the Kemerovo region, 652877 Mezhdurechensk, Yunosti Street, 6.

E-mail address: corpfin@mechel.com.

TIN 4214000608, PSRN 1024201388661, PPC 421401001, OKPO 26644096.

Current account No. 40702810026070100405 in the Kemerovo branch No.8615 of Sberbank PJSC.

Phone: 8 (38475) 7-22-00 (information), 7-22-37. Fax: 8 (38475) 7-22-41.

Signatures of Parties

 

Lender:       Borrower:  
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.       L.S.  

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

28

Appendix No.1 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Appendix No. 3 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Planned supplementary security of transactions concluded by the Mechel Group companies for restructuring of Financial Indebtedness to credit institutions during the effective term of credit agreements concluded between the Lender and the Borrower included in the Mechel Group

 

  1) Additional security provided by the Mechel Group on obligations to the GPB (JSC):

Pledge 25% of the Yakutugol HC OAO shares

Pledge 25% of the Urals Stampings Plant OAO shares

Pledge 25%+1 share of the ChMK PJSC

Pledge 25%+1 share of the BMP OAO

Pledge 25%+1 share of the Posiet Port OAO

Pledge 25% of the Port Mechel Temryuk LLC shares

Pledge 25% of BFP OAO shares

Pledge 25%+1 share of the Mechel Mining OAO

Pledge 20% of the Southern Kuzbass OAO shares

Mortgage on property complex of the Ulak-Elga railway

Sureties in range of 2% BVA:

Urals Stampings Plant (UralKuz)

ChMK PJSC

BMK OAO

KGOK OAO

Posiet Port OAO

Mechel Carbon AG

Mechel OAO

Southern Kuzbass OAO

Sureties for 100% (subject to appropriate approval):

Urals Stampings Plant (UralKuz)

ChMK PJSC

Mechel OAO

BMK OAO

Mechel Service Global (MSG)

Mechel Energo LLC

Mechel Mining OAO

Yakutugol HC OAO

Southern Kuzbass OAO

Mechel Coke LLC

 

  2) Additional security provided by the Mechel Group on obligations to the VTB (PJSC):

Surety for the full value of the Mechel OAO (subject to appropriate approval)

Surety for the full value of the Southern Kuzbass OAO (subject to appropriate approval)

Surety for the full value of the ChMK PJSC (subject to appropriate approval)

Pledge 5% of preferred shares of the Mechel OAO (subject to appropriate approval)

Pledge 21.66% of ordinary shares - 2 ChMK PJSC

Pledge 25% of ordinary shares + 1 Urals Stampings Plant (UralKuz) OAO

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

29

  3) Additional security provided by the Mechel Group on liabilities to banks and financial institutions involved as lenders under

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Southern Kuzbass Coal Company OAO as a borrower;

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Yakutugol HC OAO as a borrower;

Surety to the ChMK PJSC in range of 2% BVA

Surety to the Urals Stampings Plant (UralKuz) OAO in range of 2% BVA

Surety to Mechel Trading AG

Pledge of property of ChMK PJSC for amount of 2% BVA

Pledge 25%-1 share of the ChMK PJSC

Pledge 25%+1 share of the BMP OAO

Pledge 25%+1 share of the Posiet Port OAO

Pledge 25% of the Port Mechel Temryuk LLC shares

 

  4) Additional security provided by the Mechel Group on obligations to the BANK URALSIB PJSC:

Surety to the Izhstal OAO in range of 2% BVA

Pledge of property of the Izhstal OAO in range of 2% BVA

 

  5) Additional security provided by the Mechel Group on obligations to the OBRAZOVANIE (JSC):

non-residential premises located at: 94 Aviatorov Street, Novokuznetsk (original price: 2,172,835.00 rubles, residual price for 01.12.2015: 1,967,080.25 rubles) and non-residential premises located at: 35 Gorkovskaya Street, Novokuznetsk (original price: 663,998.00 rubles, residual price for 01.12.2015: 588,048.81 rubles)

 

  6) Additional security provided by the Mechel Group on obligations to the BNP PARIBAS BANK JSC under the agreement on a loan dated September 15, 2010 No. n / n in the amount of 219,444,500.00 (Two hundred nineteen million four hundred and forty-four thousand five hundred) US dollars and 192,000,000.00 (one hundred and ninety two million) Euros, concluded with ChMK PJSC as a borrower:

Additional pledge of equipment, mortgage of buildings, structures as commissioning (in strict accordance with the terms of the loan agreement dated 15.09.2010).

Signatures of Parties

 

Lender:     Borrower:
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.       L.S.  

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

30

Appendix No.2 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Appendix No. 4 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Judicial, arbitration, administrative proceedings of the Mechel Group as of January 25, 2016

 

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

1

    VTB Bank OAO    Southern Kuzbass OAO 
Yakutugol HC OAO 
Mechel Mining OAO		    Arbitration   

Moscow City

Arbitration Court

       A40-84670/2015    Payment of monetary funds    RUR      1,882,095,725.51         

2

    Sberbank of Russia OAO    Southern Kuzbass OAO 
Yakutugol HC OAO 
Mechel Mining OAO
Mechel OAO		    Arbitration    Moscow City Arbitration Court    22/12/2014    A40-159730/2014    Payment of monetary funds    RUR      436,213,084.38         

3

    Sberbank Leasing CJSC    Southern Kuzbass OAO 
Mechel Mining OAO		    Arbitration    Moscow City Arbitration Court       A40-61208/2015    Payment of monetary funds    RUR      392,047,319.14         

4

    Sberbank of Russia OAO, Mechel Trans LLC    Southern Kuzbass OAO    Arbitration    The Arbitration Court of the Novosibirsk region    16/12/2014    A45-20227/2014    Payment of monetary funds    RUR      386,992.87         

5

    Sberbank Leasing CJSC    Southern Kuzbass OAO 
Mechel Mining OAO		    Arbitration    Moscow City Arbitration Court    10/07/2015    A40-140658/2014    Payment of monetary funds    RUR      285,614,695.48         

6

    Sberbank Leasing CJSC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    16/09/2015    A45-6589/2015    Payment of monetary funds    RUR      24,068,790.82         

7

    Sberbank Leasing CJSC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    10/07/2015    A45-18028/2014    Payment of monetary funds    RUR      14,546,451.02         

8

    Sberbank Leasing CJSC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    16/09/2015    A45-6591/2015    Payment of money, transfer of property    RUR      9,090,903.05       Gas separating complex of the MV-0,9 type
Mobile crushing plant on crawlers Gipobak V 1170 FDR
Body shop 489535
Tanker NEFAZ-66062-10
Tanker NEFAZ-66062-10 
UKB-5C on chassis URAL-4320-1951-40
Auto-loader KOMATSU FD160E-8		   

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

9

    Sberbank Leasing CJSC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    24/08/2015    A45-6321/2015    Payment of money, transfer of property    RUR      3,088,679.39       Loader Komatsu WA470-3
Suburban bus NEFAZ-5299-11-33
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Special bus NEFAZ-4208-11-13
Combined machine KO-829A1
Autohydraulic hoist KAMAZ-65115-62 VS-28K
Tanker NEFAZ-66065-10
Tanker NEFAZ-66062-10		   

10

    Sberbank Leasing CJSC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    21/09/2015    A45-6590/2015    Payment of money, transfer of property    RUR      1,634,725.34       Universal wheeled bulldozer
“Kirovets” K-702MBA-01-BKU
Single-bucket rubber-tired loader “Kirovets” 3060		   

11

    Rudservice LLC    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region      

A27-473/2015

(integrated with the case A27-6966 / 2015)

    Payment of monetary funds    RUR      11,780,420,196.52         

12

    Uralmashzavod OAO    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    17/11/2015    A27-12382/2015    Payment of monetary funds    RUR      64,352,113.35         

13

    LLC “RDE “Factory of MDU”    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    22/04/2015    A27-18607/2014    Payment of monetary funds    RUR      54,533,778.13         

14

    Administration of the Novokuznetsk municipal district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    28/04/2015    A27-12068/2014    Payment of monetary funds    RUR      9,951,570.96         

15

    Credimundi NV - Member of the CREDENDO Group    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    The case is closed by the court ruling    A27-1875/2015    Payment of monetary funds    RUR      41,803,018.41         

16

    Uralmashzavod OAO    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    20/10/2015    A27-9546/2015    Payment of monetary funds    RUR      31,424,720.11         

17

    BVC-Ugol LLC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    15/12/2014    A27-15748/2014    Payment of monetary funds    RUR      12,922,608.13         

18

    YurMP LLC    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    25/08/2014    A27-11397/2014    Payment of monetary funds    RUR      12,594,585.46         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

32

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

19

    SAVEN ENTERPRISES LTD.    Southern Kuzbass OAO 
Tomusinsky Open-Pit Mine JSC		    Arbitration    The Arbitration court of West Siberian District       A27-18864/2013    Payment of monetary funds    RUR      16,405,374,386.40         

20

    Rudservice LLC    Southern Kuzbass OAO 
Tomusinsky Open-Pit Mine JSC		    Arbitration    8 Arbitration Court of Appeal    05/08/2015    A27-24543/2014    Payment of monetary funds    RUR      7,039,874,653.28         

21

    Rudservice LLC    Southern Kuzbass OAO    Arbitration    7 Arbitration Court of Appeal    14/09/2015    A27-23415/2014    Payment of monetary funds    RUR      4,204,942,519.21         

22

    Sberbank of Russia OAO    Southern Kuzbass OAO 
Mechel Mining OAO
KGOK OAO		    Arbitration    9 Arbitration Court of Appeal    18/05/2015    A40-159790/2014    Payment of monetary funds    RUR      39,721,470.45         

23

    Caterpillar Financial LLC    Southern Kuzbass OAO    Arbitration    Moscow City Arbitration Court       A40-128210/2015    Payment of monetary funds    USD      315,516.38       bulldozer CAT D9R, bulldozer CAT 834H, bulldozer CAT D10T   

24

    Uralmashzavod OAO    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    28/10/2015    A27-16808/2015    Payment of monetary funds    USD      621,605.16         

25

    Sberbank of Russia OAO    Southern Kuzbass OAO    Arbitration    Moscow City Arbitration Court    Settlement Agreement from 21/12/2015    A40-187416/2015    Payment of monetary funds    RUR      1,698,922,048.99         
                        USD      273,070,874.78         

26

    Sberbank of Russia OAO    Southern Kuzbass OAO    Arbitration    Moscow City Arbitration Court    Settlement Agreement from 21/12/2015    A40-187451/15    Payment of monetary funds    USD      224,078,637.62         

27

    Sberbank of Russia OAO    Southern Kuzbass OAO    Arbitration    Moscow City Arbitration Court    Settlement Agreement from 21/12/2015    A40-187413/2015    Payment of monetary funds    RUR      1,595,699,687.80         
                        USD      171,921,207.12         

28

    Sberbank of Russia OAO    Southern Kuzbass OAO    Arbitration    Moscow City Arbitration Court    Settlement Agreement from 21/12/2015    A40-187412/2015    Payment of monetary funds    USD      50,979,848.86         

29

    Energocomplex ETC LLC    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    Settlement Agreement from 18/12/2015    A27-14137/2015    Payment of monetary funds    RUR      10,293,932.38         

30

    MPMC of the Myskovo city district administration    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region       A27-20653/2015    Payment of monetary funds    RUR      35,194,297.19         

31

    Administration of the Novokuznetsk municipal district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region       A27-18784/2015    Payment of monetary funds    RUR      38,720,507.30         

32

    MPMC of the Myskovo city district administration    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region       A27-20722/2015    Payment of monetary funds    RUR      23,328,204.75         

33

    URALSIB Leasing company LLC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court    26/06/2015    A40-134589/14    Payment of monetary funds    RUR      130,188,247.19         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

33

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

34

    Sberbank Leasing CJSC   

Yakutugol HC OAO

Mechel Mining OAO

    Arbitration    Moscow City Arbitration Court    10/07/2015    A40-137923/14    Payment of monetary funds    RUR      297,618,381.75         

35

    Sberbank Leasing CJSC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court    19/05/2015    A40-137934/14    Payment of monetary funds    RUR      143,963,494.09         

36

    Ural Heavy Machine Building Plant OAO    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    12/11/2014    A58-5636/14    Payment of monetary funds    RUR      15,875,947.15         

37

    Sberbank Leasing CJSC   

Yakutugol HC OAO

Mechel Mining OAO

    Arbitration    Moscow City Arbitration Court    10/07/2015    A40-155735/14    Payment of monetary funds    USD      3,021,266.15         
                        RUR      998,074.82         

38

    Weir Minerals RFW LLC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    17/04/2015    A58-8227/14    Payment of monetary funds    RUR      20,493,044.39         

39

    Ural Heavy Machine Building Plant OAO    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    16/02/2015    A58-8240/14    Payment of monetary funds    RUR      50,455,964.66         

40

    Ural Heavy Machine Building Plant OAO    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    26/05/2015    A58-1462/15    Payment of monetary funds    RUR      56,385,411.94         

41

    Sberbank Leasing CJSC   

Yakutugol HC OAO

Mechel Mining OAO

    Arbitration    Moscow City Arbitration Court    12/10/2015    A40-61992/15    Payment of money, transfer of property    RUR      168,322,642.05       11 BelAZ dump trucks   

42

    Sberbank Leasing CJSC   

Yakutugol HC OAO

Mechel Mining OAO

    Arbitration    Moscow City Arbitration Court    10/09/2015    A40-62069/15    Payment of money, transfer of property    RUR      243,678,066.03       17 BelAZ dump trucks   

43

    Eurasian Development Bank    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    17/09/2015    A58-2716/15    Payment of monetary funds    RUR      1,985,103,772.77         

44

    Ural Heavy Machine Building Plant OAO    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    22/09/2015    A58-3300/15    Payment of monetary funds    RUR      47,054,105.56         

45

    Sberbank Leasing CJSC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    15/06/2015    A58-1674/15    Payment of money, transfer of property    RUR      3,457,151.91       Frame membrane hangar   

46

    Sberbank Leasing CJSC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court    04/09/2015    A40-62071/15    Payment of money, transfer of property    RUR      189,214,984.18       40 BelAZ dump trucks   

47

    Sberbank Leasing CJSC   

Yakutugol HC OAO

Mechel Mining OAO

    Arbitration    Moscow City Arbitration Court    13/10/2015    A40-61374/15    Payment of money, transfer of property    USD      4,522,457.15       Dragline crawler excavator   
                        RUR      4,154,085.26         

48

    Tomusinsky Open-Pit Mine JSC    Yakutugol HC OAO    Arbitration    Arbitration Court attached to
Mechel OAO		    Settlement Agreement from 09/10/2015    TC-202/2015    Payment of monetary funds    RUR      1,003,153,401.71         

49

    Sberbank of Russia OAO    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)    03/11/2015    A58-3296/15    Payment of monetary funds    RUR      2,868,359.41         

50

    Ural Heavy Machine Building Plant PJSC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)       A58-5651/15    Payment of monetary funds    RUR      47,836,815.74         

51

    URALSIB Leasing company LLC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court       A40-186906/15    Payment of monetary funds    RUR      46,998,415.90         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

34

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

52

    Ural Heavy Machine Building Plant PJSC    Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court (Ya)       A58-161/16    Payment of monetary funds    RUR      62,513,255.52         

53

    Eurasian Development Bank    Mechel Mining OAO    Arbitration    Moscow City Arbitration Court    An agreement on the peaceful settlement of the dispute was reached.    A40-91254/2015    Payment of monetary funds    RUR      2,007,753,133.05         

54

    VTB Bank    Mechel Carbon AG    Arbitration             Payment of monetary funds    CHF      190,920,704.6       -   

55

    VTB Bank    Mechel Carbon AG    Arbitration             Payment of monetary funds    CHF      111,000,228.00       -   

56

    VRK-3 OAO    Mechel Trans LLC    Arbitration    Arbitration Court of Moscow    23/12/2016    A40-211791/2014    Payment of monetary funds    RUR      17,162,329.49         

57

    FEDERAL FREIGHT JSC    Mechel Trans LLC    Arbitration    Arbitration Court of Moscow       A40-200849/2015    Payment of monetary funds    RUR      2,618,564,304.25         

58

    Sberbank of Russia OAO    Mechel Trans LLC    Arbitration    Arbitration Court of Moscow    18/12/2015    A40-110111/2015    Payment of monetary funds    RUR      95 393 620,94         

59

    FEDERAL FREIGHT JSC    Mechel Trans LLC    Arbitration    Arbitration Court of Moscow       A40-211518/15    Payment of monetary funds    RUR      149 315 670,40         

60

    Lenenergo OAO    MECHEL ENERGO LLC    Arbitration    13 Arbitration Court of Appeal    23/07/2015    A56-11904/2015    Payment of monetary funds    RUR      67 621 499,92         

61

    Interregional distributive grid company of Siberia OAO    MECHEL ENERGO LLC    Arbitration    7 Arbitration Court of Appeal    07/09/2015    A27-2262/2015    Payment of monetary funds    RUR      20,575,981.13         

62

    Interregional distributive grid company of Siberia OAO    MECHEL ENERGO LLC    Arbitration    8 Arbitration Court of Appeal    07/08/2015    A27-2508/2015    Payment of monetary funds    RUR      74,838,569.97         

63

    Interregional Distributive Grid Company of Urals OAO    MECHEL ENERGO LLC    Arbitration    18 Arbitration Court of Appeal    11/11/2015    A76-27348/2014    Payment of monetary funds    RUR      16,077,636.62         

64

    Interregional Distributive Grid Company of Urals OAO    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region    29/10/2015    A76-17224/2015    Payment of monetary funds    RUR      123,708,988.42         

65

    Federal Grid Company of Unified Energy System OAO    MECHEL ENERGO LLC    Arbitration    9 Arbitration Court of Appeal    05/10/2015    A40-177728/2014    Payment of monetary funds    RUR      15,085,496.19         

66

    Federal Grid Company of Unified Energy System OAO    MECHEL ENERGO LLC    Arbitration    Moscow City Arbitration Court       A40-193285/2015    Payment of monetary funds    RUR      138,809,018.70         

67

    NOVATEK-Chelyabinsk LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-32452/2015    Payment of monetary funds    RUR      97,032,856.24         

68

    Teplosnab LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-22803/2014    Payment of monetary funds    RUR      19,077,650.66         

69

    NOVATEK-Chelyabinsk LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-24296/2015    Payment of monetary funds    RUR      71,137,417.15         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

35

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

70

    NOVATEK-Chelyabinsk LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-28920/2015    Payment of monetary funds    RUR      20,609,591.39         

71

    Kaskad LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-24332/2015    Payment of monetary funds    RUR      37 910 405,08         

72

    Trade House “Poliflok” LLC    MECHEL ENERGO LLC    Arbitration    Arbitration Court of the Chelyabinsk region    15/12/2015    A41-83642/2015    Payment of monetary funds    RUR      34 441 640.56         

73

    Magnezit Group LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-13233/2015    Payment of monetary funds    RUR      107 949 204.69         

74

    Magnezit Group LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-13233/2015    Payment of monetary funds    RUR      50,352,661.20         

75

    Magnezit Group LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-13233/2015    Payment of monetary funds    RUR      33,273,618.40         

76

    ZMZ OAO    ChMK PJSC    Arbitration    Arbitration Court attached to
Mechel OAO		       TS-196/2015    Payment of monetary funds    RUR      69,064,974.89         

77

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    06/08/2015    A76-7253/2015    Payment of monetary funds    RUR      52,394,487.83         

78

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    02/10/2015    A76-15092/2015    Payment of monetary funds    RUR      452 959 265,87         

79

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    28/08/2015    A76-17388/2015    Payment of monetary funds    RUR      16,314,943.02         

80

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    08/10/2015    A76-20626/2015    Payment of monetary funds    RUR      415 686 260,00         

81

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    05/11/2015    A76-21576/2015    Payment of monetary funds    RUR      108 293 161,96         

82

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    06/11/2015    A76-23195/2015    Payment of monetary funds    RUR      433,512,648.00         

83

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    11/11/2015    A76-23195/2015    Payment of monetary funds    RUR      19 500 098,52         

84

    RTIC LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    23/10/2015    A76-13046/2015    Payment of monetary funds    RUR      20,007,987.86         

85

    RIP LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    01/10/2015    A76-17422/2015    Payment of monetary funds    RUR      17 416 010,64         

86

    Trading House BKO LLC    ChMK PJSC    Arbitration    Arbitration Court of the Novgorod region    09/09/2015    A44-4634/2015    Payment of monetary funds    RUR      10,298,831.88         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

36

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial /
arbitration /
administrative)

   

Body that

approved

   

Date of
decision

   

Number of

decision

   

Type of levy
(payment of money,
transfer of
property, etc.)

   

Currency

    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

87

    Karelsky okatysh JSC    ChMK PJSC    Arbitration    Arbitration Court of Moscow    19/11/2015    A40-115508/2015    Payment of monetary funds    RUR      86,891,141.06         

88

    MUP POVV    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-14307/2015    Payment of monetary funds    RUR      10,326,892.02         

89

    Triada LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    17/09/2015    A76-16624/2015    Payment of monetary funds    RUR      10,919,086.23         

90

    Uraldomnoremont-Ekaterinburg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    29/10/2015    A76-16159/2015    Payment of monetary funds    RUR      62 978 488,83         

91

    Uraldomnoremont-Ekaterinburg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    10/10/2015    A76-17705/2015    Payment of monetary funds    RUR      11,499,472.66         

92

    Uraldomnoremont-Ekaterinburg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    09/12/2015    A76-24245/2015    Payment of monetary funds    RUR      28 845 692,75         

93

    Magnezit Montazh Service LLC (MMS LLC)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-22597/2015    Payment of monetary funds    RUR      43 375 651,99         

94

    Magnezit Montazh Service LLC (MMS LLC)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    10/12/2015    A76-18310/2015    Payment of monetary funds    RUR      31 042 051,96         

95

    Santehsistemyservis LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    25/09/2015    A76-18888/2015    Payment of monetary funds    RUR      9,148,360.53         

96

    Santehsistemyservis LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    02/11/2015    A76-20367/2015    Payment of monetary funds    RUR      14,330,163.66         

97

    MUP ChKTS    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-19893/2015    Payment of monetary funds    RUR      10,581,604.98         

98

    Russian Mining Chemical Company LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-22604/2015    Payment of monetary funds    RUR      36 399 328,23         

99

    Fortum OAO    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-22928/2015    Payment of monetary funds    RUR      21 770 070,24         

100

    Lomtorg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    14/12/15    A76-23207/2015    Payment of monetary funds    RUR      21 343 450,86         

101

    Minmetals    ChMK PJSC    Arbitration    Stockholm arbitration       V2014/162    Payment of monetary funds    RUR      299,489,403.00         
                        USD      136 785 197,00         

102

    VTB-Factoring LLC    Mechel Service Global (MSG)
ChMK PJSC		    Arbitration    Arbitration Court of Moscow    Settlement Agreement from 26/08/2015    A40-175773/2014    Payment of monetary funds    RUR      954,287,975.60         

103

    Sberbank of Russia OAO    ChMK PJSC
Izhstal OAO		    Arbitration    Arbitration Court of the Udmurt republic    31/12/2015    A71-8039/2015    Payment of monetary funds    RUR      24,746,311.99         

104

    Spetsstroy-2 CJSC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    10/12/2015    A76-24082/2015    Payment of monetary funds    RUR      10,512,342.66         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

37

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

   

Balance
sheet value
of property

105

    Uraldomnoremont-Ekaterinburg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    23/12/2015    A76-25134/2015    Payment of monetary funds    RUR      24,461,000.22         

106

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    03/12/2015    A76-25589/2015    Payment of monetary funds    RUR      21,027,961.16         

107

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region    03/12/2015    A76-25891/2015    Payment of monetary funds    RUR      527,040,279.68         

108

    IE Baglyukov A.V.    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-26453/2015    Payment of monetary funds    RUR      28,504,477.38         

109

    IE Kharisova E.F.    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-26463/2015    Payment of monetary funds    RUR      29,708,757.08         

110

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-27755/2015    Payment of monetary funds    RUR      20,019,678.29         

111

    Vesuvius    ChMK PJSC    Arbitration    Stockholm arbitration    13/11/2015    V2015/029    Payment of monetary funds    EUR      784,000.00         

112

    Uralmashplant CJSC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-29001/2015    Payment of monetary funds    RUR      43,313,949.75         

113

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-28415/2015    Payment of monetary funds    RUR      611,721,422.46         

114

    Uraldomnoremont-Ekaterinburg LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-28619/2015    Payment of monetary funds    RUR      28,540,268.96         

115

    NOVATEK-Chelyabinsk (penalty for june)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-30691/2015    Payment of monetary funds    RUR      12,071,100.11         

116

    R&D and manufacturing regional organization “Ural” LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-30128/2015    Payment of monetary funds    RUR      231,520,903.60         

117

    Promyshlennaya komplektatsia LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-31257/2015    Payment of monetary funds    RUR      19,783,580.18         

118

    Uraldomnoremont-Ek LLC (july)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-30528/2015    Payment of monetary funds    RUR      47,198,717.96         

119

    NOVATEK-Chelyabinsk LLC (nov)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-31150/2015    Payment of monetary funds    RUR      573,087,404.00         

120

    Municipal clinical polyclinic No.7    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-32107/2015    Payment of monetary funds    RUR      40,568,073.84         

121

    NOVATEK-Chelyabinsk (penalty for may-dec)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-32457/2015    Payment of monetary funds    RUR      19,048,098.76         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

38

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

122

    FKU OFPS GPS in the Chelyabinsk region (MES of Russia)    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-32252/2015    Payment of monetary funds    RUR      10,795,700.00         

123

    ENRC Marketing AG (ERG Sales)    ChMK PJSC    Arbitration    London arbitration       LCIA No. 153201    Payment of monetary funds    USD      11,168,012.55         

124

    Nord Development LLC    Mechel Service Global (MSG)    Arbitration    Arbitration Court of Moscow    02/12/2015    A40-149724/2015    Payment of monetary funds    RUR      28,125,000.00         

125

    Sudostroitelny CB LLC    Mechel Service Global (MSG)    Arbitration    Arbitration Court of Moscow       A40-31510/2015    Payment of monetary funds    RUR      100,000,000.00         

126

    SAVEN ENTERPRISES LTD.   

Mechel OAO Tomusinsky Open-Pit Mine JSC

Calridge Ltd.

Armolink Ltd.

Bellasis Holdings Ltd.

Methol LLC

Mechel Mining OAO

MC Mechel Mining OOO Southern Kuzbass OAO

I.V.Zyuzin

    Arbitration    Court of Nicosia (Cyprus)          Payment of monetary funds    USD      781,000,000.00         

127

    RPFB Project Finance LLC    Mechel OAO    Arbitration    Moscow City Arbitration Court    25/02/2015    A40-126879/14    Payment of monetary funds    RUR      752,006,886.37         

128

    Russian Commercial and Industrial Bank JSC    Mechel OAO Yakutugol HC OAO    Arbitration    Moscow City Arbitration Court       A40-82279/2015    Redemption of bonds and payment of funds    RUR      51,570,000.00         

129

    VTB Bank OAO    Mechel OAO    Arbitration    Moscow City Arbitration Court    05/12/2014    A40-155575/2014    Payment of monetary funds    RUR      2,990,304,446.21         

130

    VTB Bank OAO    Mechel OAO    Arbitration    Moscow City Arbitration Court    09/04/2015    A40-15381/2015    Payment of monetary funds    RUR      50,182,475,827.01         

131

    VTB Bank OAO    Mechel OAO    Arbitration    Moscow City Arbitration Court       A40-77882/2015    Payment of monetary funds    RUR      2,600,000,000.00         

132

   

VTB Bank OAO

VTB Capital Plc

    2 claims against Mechel Carbon AG, 2 claims against Mechel Carbon Singapore Pte. Ltd., 2 claims against Yakutugol HC OAO, 2 claims against Southern Kuzbass OAO, 2 claims against Mechel OAO, 2 claims against Mechel Mining OAO, 2 claims against KGOK OAO.    Arbitration    London arbitration (LCIA)          Payment of monetary funds    USD      32,497,409.68         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

39

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of

property, etc.)

    Currency    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

133

    VTB Bank OAO    Mechel OAO Skyblock Limited    Arbitration    London international arbitration court          Payment of monetary funds    USD      101,912,000.00         

134

    Sberbank of Russia OAO   

Mechel OAO ChMK PJSC Mechel Trans LLC

Mechel Service

Global (MSG)

BFP LLC

    Arbitration    Moscow City Arbitration Court    10/04/2015    A40-158988/2014    Payment of monetary funds    RUR      348,107,596.04         

135

    Sberbank of Russia OAO   

Mechel OAO ChMK PJSC Mechel Trans LLC

Mechel Service

Global (MSG)

BFP LLC

Mechel Trading AG

    Arbitration    Moscow City Arbitration Court    03/08/2015    A40-159766/2014    Payment of monetary funds    RUR      98,948.90         

136

    Sberbank of Russia OAO   

Southern Kuzbass OAO

Mechel Mining

OAO

Yakutugol HC OAO

Mechel OAO

    Arbitration    Moscow City Arbitration Court    02/04/2015    A40-159782/2014    Payment of monetary funds    RUR

USD

     

 

 174,501,763.94

2,928,916.45

   

  

      

137

    Sberbank of Russia OAO   

Southern Kuzbass OAO

Mechel Mining

OAO

Yakutugol HC OAO

Mechel OAO

    Arbitration    Moscow City Arbitration Court    25/05/2015    A40-25992/2015    Payment of monetary funds    USD

RUR

     

 

 6,017,133.00

6,857,625.00

   

  

      

138

    Sberbank of Russia OAO   

Southern Kuzbass OAO

Mechel Mining

OAO

Yakutugol HC OAO

Mechel OAO

Mechel Trans LLC

BFP LLC

    Arbitration    Moscow City Arbitration Court    15/06/2015    A40-47254/2015    Payment of monetary funds    RUR

USD

     

 

 759,217.66

1,228,040.96

   

  

      

139

    Sberbank of Russia OAO   

ChMK PJSC Mechel Service Global (MSG) Mechel OAO Mechel Trans LLC

BFP LLC

    Arbitration    Moscow City Arbitration Court    17/08/2015    A40-83634/2015    Payment of monetary funds    RUR      6,761,713,334.17         

140

    Sberbank of Russia OAO   

ChMK PJSC Mechel Service Global (MSG) Mechel OAO Mechel Trans LLC

BFP LLC

Mechel Traiding AG

    Arbitration    Moscow City Arbitration Court       A40-86346/2015    Payment of monetary funds    USD      6,576,447.60         

141

    Sberbank of Russia OAO   

Mechel OAO

BFP LLC

    Arbitration    Arbitration Court of the Irkutsk region    28/09/2015    A19-9461/2015    Payment of monetary funds    RUR      95,193,620.94         

142

    Sberbank of Russia OAO   

BFP LLC

Mechel Service

Global (MSG)

Mechel Trans LLC

Mechel OAO

    Arbitration    Moscow City Arbitration Court       A40-135744/2015    Payment of monetary funds    RUR      24,600,309.99         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

40

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary funds     

Type of property

   

Balance
sheet value
of property

143

    Bank of China (ELOS) JSCB    Mechel OAO    Arbitration    Moscow City Arbitration Court    Settlement
Agreement
from
02/09/2015		    A40-116491/2015    Payment of monetary funds    RUR      54,715,172.45         

144

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    09/10/2015    A60-15135/2015    Payment of monetary funds    RUR      2,091,831.16         

145

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    16/09/2015    A60-15125/2015    Payment of monetary funds, return of leased asset    RUR      124,249.08       Frontal loader LIUGONG CLG 856   

146

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    16/09/2015    A60-15137/2015    Payment of monetary funds    RUR      7,676.83         

147

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    31/08/2015    A60-15218/2015    Payment of monetary funds, return of leased asset    RUR      337,843.87       Tractor T-20.01KBR-1   

148

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    26/08/2015    A60-15110/2015    Payment of monetary funds, return of leased asset    RUR      8,186,877.55       Equipment for processing of slag - 2 sets   

149

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    31/08/2015    A60-15124/2015    Payment of monetary funds, return of leased asset    RUR      682,979.37       Jumper bit DX1800 Terminator   

150

    Sberbank Leasing CJSC    Mechel Materials LLC Mechel OAO    Arbitration    Arbitration Court of the Sverlovsk region    07/09/2015    A60-15126/2015    Payment of monetary funds, return of leased asset    RUR      524,254.91       Loader TEREX-FUCHS MHL 331   

151

    Caterpillar Financial LLC    Mechel Materials LLC Mechel OAO    Arbitration    Moscow City Arbitration Court    13/10/2015    A40-128231/2015    Payment of monetary funds    USD

RUR

     

 

 22,169.21

44,793.03

   

  

      

152

    Caterpillar Financial LLC    Mechel Engineering LLC Mechel OAO    Arbitration    Moscow City Arbitration Court    13/10/2015    A40-128207/2015    Payment of monetary funds    RUR      4 001 828, 35 (penalty)         

153

    Sberbank of Russia OAO    Mechel OAO    Arbitration    Moscow City Arbitration Court    30/10/2015
(proceedings
were
terminated
because of
rejection of
the plaintiff
from his
claim)		    A40-157278/2015    Payment of monetary funds    RUR      3,398,821.79         

154

    Gradostroy BCP CJSC    Uralkuz OAO    Arbitration    Arbitration Court of the Chelyabinsk region       A76-2644/2015    Payment of monetary funds    RUR      3,080,161.09         

155

    Gazprom gas distribution Chelyabinsk JSC    Uralkuz OAO    Arbitration    Arbitration Court of the Chelyabinsk region    04/12/2015    A76-25675/2015    Payment of monetary funds    RUR      1,745,890.52         

156

    Kompressornyie mashiny LLC    Uralkuz OAO    Arbitration    Arbitration Court of the Chelyabinsk region    12/11/2015    A76-25224/2015    Payment of monetary funds    RUR      2,527,670.91         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

41

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

   

Balance
sheet value
of property

157

    MASTER SACI LLC    Uralkuz OAO subsidiary in Chelyabinsk    Arbitration    Arbitration Court of the Chelyabinsk region       A76-18850/2015    Payment of monetary funds    RUR      1,130,837.52         

158

    A&T Group LLC    KGOK OAO    Arbitration    Arbitration Court of the Altai Territory    12/12/2014    A03-13799/2013    Payment of monetary funds    RUR      14,489,781.78         

159

    Radian management company LLC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    14/03/2014    A19-17730/2013    Payment of monetary funds    RUR      10,170,374.30         

160

    Engineering Complect LLC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    29/04/2015    A19-986/2015    Payment of monetary funds    RUR      15,295,922.35         

161

    Vesta Stal LLC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    02/06/2014    A19-6588/2014    Payment of monetary funds    RUR      29,942,841.12         

162

    Mining Solutions CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    06/05/2015    A19-418/2015    Payment of monetary funds    RUR      10,057,154.87         

163

    Mining machines CJSC    KGOK OAO    Arbitration    Moscow City Arbitration Court    25/05/2015    A40-36821/2015    Payment of monetary funds    RUR      13,165,907.82         

164

    Cosmo-sib LLC    KGOK OAO    Arbitration    The Arbitration Court of the Novosibirsk region    22/06/2015    A45-8694/2015    Payment of monetary funds    RUR      22,513,571.46         

165

    Remelectro LLC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    01/09/2015    A19-10842/2015    Payment of monetary funds    RUR      11,766,332.11         

166

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    18/12/2014    A19-14255/2014    Payment of monetary funds    RUR      14,588,314.62         

167

    Sberbank Leasing CJSC    KGOK OAO Mechel Mining OAO    Arbitration    Moscow City Arbitration Court    30/06/2015    A40-140652/14    Payment of monetary funds    RUR      80,912,465.14         

168

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Moscow City Arbitration Court    18/02/2015    A40-140664/2014    Payment of monetary funds    RUR      29,993,081.59         

169

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    29/12/2014    A19-16300/2014    Payment of monetary funds    RUR      4,579,517.50         

170

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    28/09/2015    A19-4862/2015    Payment of money, transfer of property    RUR      4,091,784.73       Mill MShR-36H50   

171

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    02/06/2015    A19-4930/2015    Payment of money, transfer of property    RUR      1,152,894.07       Pump 1GRT 4000/71   

172

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    25/06/2015    A19-4864/2015    Payment of money, transfer of property    RUR      2,744,264.55       Grab crane, load capacity 20 tons   

173

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    10/11/2015    A19-4863/2015    Payment of money, transfer of property    RUR      5,901,065.64       Mill MShR-36H50   

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

42

No.
p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

   

Balance
sheet value
of property

175

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    28/09/2015    A19-4865/2015    Payment of money, transfer of property    RUR      3,921,260.53       Mills pivotal MSC-32x45   

176

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Arbitration Court of the Irkutsk region    16/10/2015    A19-4866/2015    Payment of money, transfer of property    RUR      4,870,788.02       Mills pivotal MSC-32x45   

177

    Sberbank Leasing CJSC    KGOK OAO    Arbitration    Moscow City Arbitration Court    26/10/2015    A40-61412/2015    Payment of money, transfer of property    RUR      35,247,226.69       Dump truck BelAZ-75131 PSM: TC 376174   
                              Dump truck BelAZ-75131 PSM: TC 376170   
                              Dump truck BelAZ-75131 PSM: TC 011510   
                              Dump truck BelAZ-75131 PSM: TC 011507   
                              Dump truck BelAZ-75131 PSM: TC 011511   
                              Dump truck BelAZ-75131 PSM: TC 011508   

178

    Sberbank Leasing CJSC    KGOK OAO Mechel Mining OAO    Arbitration    Moscow City Arbitration Court    26/10/2015    A40-61418/2015    Payment of money, transfer of property    RUR      63,815,768.81      

Dump truck BelAZ-75131 - 2 pcs.

Dump truck BelAZ-75131 - 4 pcs.

   

179

    Sberbank Leasing CJSC    KGOK OAO
Mechel Mining OAO		    Arbitration    Moscow City Arbitration Court    18/09/2015    A40-62474/2015    Payment of money, transfer of property    RUR      47,555,587.55       Motor grader JOHN DEERE 872G - 2 pcs.   
                              Dump truck BelAZ-75131 PSM: TC 789566   
                              Dump truck BelAZ-75131 PSM: TC 789772   
                              Dump truck BelAZ-75131 PSM: TC 376076   
                              Dump truck BelAZ-75131 PSM: TC 789565   

180

    Caterpillar Financial LLC    KGOK OAO    Arbitration    Moscow City Arbitration Court    30/11/2015    A40-147639/2015    Payment of money, transfer of property    RUR      7,434,658.49       Bulldozer CAT D9R   

181

    Sberbank of Russia OAO   

Mechel OAO

BFP LLC

ChMK PJSC

Mechel Trans LLC

Mechel Service

Global (MSG)

    Arbitration    Moscow City Arbitration Court    24/02/2015    A40-159753/14    Payment of monetary funds    RUR      20,763,178.98         

182

    Sberbank of Russia OAO    BFP LLC Mechel Trans LLC    Arbitration    Moscow City Arbitration Court    30/10/2015    A40-110036/2015    Payment of monetary funds    RUR      6,454,922.32         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

43

No.

p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

    Balance
sheet value
of property

183

    Sberbank of Russia OAO    BFP LLC
Mechel OAO		    Arbitration    Arbitration Court of the Irkutsk region    21/01/2015    A19-16095/2014    Payment of monetary funds    RUR      352,407.68         

184

    MPMC MO Mezhdurechensk city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
9,807,368.75		    A27-24380/2015    Payment of monetary funds    RUR      42,873,857.09         

185

    MPMC MO Mezhdurechensk city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
20,350,409.34		    A27-24338/2015    Payment of monetary funds    RUR      88,429,325.09         

186

    MPMC MO Mezhdurechensk city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
14,464,000.00		    A27-24548/2015    Payment of monetary funds    RUR      104,377,512.46         

187

    MPMC MO Mezhdurechensk city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
3,582,840.62		    A27-24376/2015    Payment of monetary funds    RUR      14,776,479.01         

188

    MPMC MO Myskovo city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
288,670.11		    A27-24666/2015    Payment of monetary funds    RUR      23,040,384.81         

189

    MPMC MO Myskovo city district    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    indebtedness
is partially
repaid in the
amount of
3,300,000.00		    A27-24670/2015    Payment of monetary funds    RUR      34,705,250.84         

190

    Ural Heavy Machine Building Plant PJSC    Southern Kuzbass OAO    Arbitration    Arbitration Court of the Kemerovo region    30/11/2015    A27-19069/2015    Payment of monetary funds    RUR      19,305,274.58         

191

    Caterpillar Financial LLC    Yakutugol HC OAO Mechel OAO    Arbitration    Moscow City Arbitration Court       A40-134903/15    Payment of monetary funds    USD

EUR

     

 

 3,989,154.79

467,585.63

   

  

      

192

    Department of Rosprirodnadzor    BMK OAO    Arbitration    Arbitration Court of the Republic of Bashkortostan    19/06/2015

25/12/2015
Decision of
Arbitration
Court of the
Republic of
Bashkortostan
on change in
method and
procedure of
execution of
the decision.

    A07-1681/2015    Payment of monetary funds, implementation of a package of measures    RUR      200,000         

193

    MPMC MO Mezhdurechensk city district    Tomusinsky Open-Pit Mine JSC    Arbitration    7 Arbitration Court of Appeal    02/02/2015    A27-5947/2014    Payment of monetary funds    RUR      104,773,800.35         

194

    Caterpillar Financial LLC    Tomusinsky Open-Pit Mine JSC    Arbitration    Moscow City Arbitration Court       A40-114357/2015    Payment of monetary funds    USD      138,687.89         

195

    Ural Heavy Machine Building Plant PJSC    Izhstal OAO    Arbitration    Arbitration Court of the Udmurt republic       A71-10886/2015    Payment of monetary funds    RUR      10,507,561.40         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

44

No.

p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

    Balance
sheet value
of property

196

    VTB Bank    Mechel Trading AG    Arbitration       The claim
review is
expected		       Payment of monetary funds    CHF      747,272,888.23         

197

    Vostsibtransproekt CJSC    Mechel Engineering LLC    Arbitration    Arbitration Court of the Irkutsk region    15/10/2015    A19-10970/2015    Payment of monetary funds    RUR      10,382,177.78         

198

    Neryungristroyizyskaniya OAO    Mechel Engineering LLC    Arbitration    Arbitration Court of the Kemerovo region    18/01/2016    A27-18661/2015    Payment of monetary funds    RUR      12,346,222.08         

199

    Uralmostostroy CJSC    MShSS CJSC    Arbitration    Moscow City Arbitration Court (Ya) 4 AAS    07/08/2015    A58-917/2015    Payment of monetary funds    RUR      14,604,836.54         

200

    StroyEuroKom OAO    MShSS CJSC    Arbitration    Moscow City Arbitration Court    19/11/2015    A40-120254/2015    Payment of monetary funds    RUR      37,122,517.25         

201

    Sberbank Leasing CJSC    MShSS CJSC    Arbitration    Moscow City Arbitration Court    10/09/2015    A40-61367/2015    Payment of money, transfer of property    RUR      42,176,495.85       Truck crane GROVE GMK 3050-1 - 3 units
Articulated haulers VOLVO A40E - 25 units Excavators VOLVO EC 460 BLC - 6 units
Excavators VOLVO EC 360 BLC - 4 units Towing tractor SAV 585 097 based on an articulated truck without a body VOLVO A30E with a semitrailer CAB 99402-000005		   

202

    StroyEuroKom OAO    MShSS CJSC    Arbitration    Moscow City Arbitration Court (Ya) 4 AAS    30/04/2015    A58-8295/2015    Payment of monetary funds    RUR      55,725,773.28         

203

    Mostostroy-9 CJSC    MShSS CJSC    Arbitration    Arbitration Court of the Irkutsk region 4AAS    25/08/2015    A19-6007/2015    Payment of monetary funds    RUR      21,986,289.90         

204

    Dalmostostroy OAO    MShSS CJSC    Arbitration    Arbitration Court of the Khabarovsk territory 6AAS    16/09/2015    A73-5298/2015    Payment of monetary funds    RUR      33,130,229.42         

205

    Dalmostostroy OAO    MShSS CJSC    Arbitration    Moscow City Arbitration Court    13/01/2016    A40-90311/2015    Payment of monetary funds    RUR      15,348,392.38         

206

    Stroipromtekhmash LLC    MShSS CJSC    Arbitration    Moscow City Arbitration Court (Ya)    29/09/2015    A58-2977/2015    Payment of monetary funds    RUR      33,878,747.50         

207

    Mechanized column No.99 LLC    MShSS CJSC    Arbitration    Arbitration Court of the Saratov region 12AAS    06/11/2015    A57-13406/2015    Payment of monetary funds    RUR      96,361,407.98         

208

    Mostootryad-43 LLC    MShSS CJSC    Arbitration    Moscow City Arbitration Court (Ya)    17/09/2015    A58-3723/2015    Payment of monetary funds    RUR      17,254,991.54         

209

    Caterpillar Financial LLC    MShSS CJSC Mechel OAO    Arbitration    Moscow City Arbitration Court    08/12/2015    A40-171652/2015    Payment of money, transfer of property    USD      406,197.36      

Bulldozer CAT D9R

WDM02478

Bulldozer CAT D9R WDM02383
Bulldozer CAT D9R

WDM02264
Bulldozer CAT D9R

WDM02270

Bulldozer CAT D9R

WDM02480

   

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

45

No.

p/p

   

Plaintiff

   

Defendant

   

Type of decision
(judicial / arbitration /
administrative)

   

Body that
approved

    Date of
decision		    Number of
decision		   

Type of levy
(payment of money,
transfer of
property, etc.)

    Currency    Amount of requirement by decision
                           Monetary
funds		     

Type of property

    Balance
sheet value
of property

210

    TransSpetsStroy CJSC represented by a bankruptcy surety    MShSS CJSC    Arbitration    Moscow City Arbitration Court    not made

court/z –
25/01/16

    A40-103449/2014    Recognition of the transaction as invalid, payment of monetary funds    RUR      32,759,020.83         

211

    National Construction Corporation CJSC represented by a bankruptcy surety    MShSS CJSC    Arbitration    Arbitration Court of the Moscow region    not made

court/z –
24/02/16

    A41-24723/2014    Recognition of the transaction as invalid, payment of monetary funds    RUR      23,883,681.41         

212

    Metakhimservis LLC    Moskoks OAO    Arbitration    9 Arbitration Court of Appeal    12/10/2015    A40-46722/15    Payment of monetary funds    USD

RUR

     

 

 414,454.96

130,434.00

   

  

      

213

    Sberbank Leasing CJSC    Mechel Materials LLC    Arbitration    Arbitration Court of the Sverlovsk region    27/08/2015    A60-14888/2015    Payment of monetary funds, return of leased asset    RUR      1,842,729.28       Mine trucks BelAZ 7547 - 2 units   

214

    Sberbank Leasing CJSC    Mechel Materials LLC    Arbitration    Arbitration Court of the Sverlovsk region    03/09/2015    A60-14982/2015    Payment of monetary funds, return of leased asset    RUR      357,703.30       Loader HANGCHA CPCD100-RW 14   

215

    Sberbank Leasing CJSC    Mechel Materials LLC    Arbitration    Arbitration Court of the Sverlovsk region    07/09/2015    A60-14838/2015    Payment of monetary funds, return of leased asset    RUR      1,910,961.64       Loader TEREX-FUCHS MHL 331   

217

    Sberbank Leasing CJSC    Mechel Materials LLC    Arbitration    Arbitration Court of the Sverlovsk region    04/09/2015    A60-14980/2015    Payment of monetary funds, return of leased asset    RUR      1,393,812.71       Tractor T-20.01KBR-1   

218

    Sberbank Leasing CJSC    Mechel Materials LLC    Arbitration    Arbitration Court of the Sverlovsk region    17/09/2015    A60-14978/2015    Payment of monetary funds, return of leased asset    RUR      1,215,200.58       Mine trucks BelAZ - 7540S - 3 units   

219

    Transgarant LLC    Mecheltrans Vostok LLC    Arbitration    Moscow City Arbitration Court       A40-46952/2014    Payment of money, transfer of property    RUR      28,530,490.71       Mainline diesel 2TE116No.0708   

220

    Fercometal SAS    Mechel Service Belgium BVBA
Mechel Trading AG (Belgian office)
Mechel OAO		    Judicial    Commercial Court of Antwerp          Payment of monetary funds    EUR      1,678,010.00         

221

    Mr. Fedele    Mechel Service Italy srl    Judicial    District Court of Monza, Italy          Payment of monetary funds    EUR      2,144,469.00         

222

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-1227/2016    Payment of monetary funds    RUR      592,232.796         

223

    NOVATEK-Chelyabinsk LLC    ChMK PJSC    Arbitration    Arbitration Court of the Chelyabinsk region       A76-1043/2016    Payment of monetary funds    RUR      13,843,582.21         

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

46

Signatures of Parties

 

Lender:       Borrower:  
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of management company - MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.       L.S.  

 

Additional Agreement No. 8 dated March 4, 2016 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

47

Appendix No. 3 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Appendix No. 5 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Register of interest payments, fees, penalties and state fees of the Mechel Group

on credit agreements with the Lender in the amount equivalent to 3,300,000,000 (Three billion three hundred million) rubles

 

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

1

    31/03/2016    ChMK PJSC      6,473,824.91       RUR    penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 for the period from 26/03/2015 to 07/07/2015 by the court decision on the case No. A40-83634/15

2

    31/03/2016    ChMK PJSC      43,726,334.63       RUR    penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No. A40-83634/15

3

    31/03/2016    ChMK PJSC      349,142,440.96       RUR    Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5703 from 19/12/2013 for the period dated 26/03/2015 to 25/06/2015 by the court decision on the case No. A40-83634/15

4

    31/03/2016    ChMK PJSC      8,122,067.92       RUR    penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No. A40-83634/15

5

    31/03/2016    ChMK PJSC      163,356,164.39       RUR    penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No. A40-83634/15

6

    31/03/2016    ChMK PJSC      888,375.07       RUR    penalty for overdue payment for loans service under the Agreement on opening of a non-revolving credit line No.5703 dated 13/10/2010 for the period from 31/03/2015 to 07/07/2015 by the court decision on the case No. A40-83634/15

7

    31/03/2016    ChMK PJSC      403,253,424.65       RUR    Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5321 from 13/10/2010 for the period dated 29/03/2015 to 28/06/2015 by the court decision on the case No. A40-83634/15

8

    31/03/2016    ChMK PJSC      43,551,369.86       RUR    Payment for loan service (overdue) under the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010 for the period from 29/03/2015 to 28/06/2015 by the court decision on the case No. A40-83634/15

9

    31/03/2016    ChMK PJSC     
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 

 It is calculated
by the formula:
2,073,240,846.92
- 26,258,151.38
US dollars
according to the
Bank of Russia
exchange rate on
the date of each
payment in US
dollars under this
Appendix.

While negative
value the amount
of payment is
recognized equal
to 0 (zero).

   
  
  
  
  
  
  
  
  
  
  
  

  
  
  
  
  

    RUR    Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5703 dated 19/12/2013 and / or the Agreement on opening of a non-revolving credit line No.5321 dated 13/10/2010

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

10

    31/03/2016    Mechel Trading AG      12,826.02       USD    penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5609 dated 20/12/2012 for the period from 31/03/2015 to 13/05/2015; and 30/06/2015-20/07/2015

11

    31/03/2016    Mechel Trading AG      171,513.80       USD    penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5609 dated 20/12/2012 for the period from 31/03/2015 to 20/07/2015

12

    31/03/2016    Mechel Trading AG      1,127,860.02       USD    Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5609 from 20/12/2012 for the period dated 29/03/2015 to 28/06/2015

13

    31/03/2016    Mechel Trading AG      4,275.34       USD    penalty for overdue indebtedness on interest under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 31/03/2015 to 13/05/2015; and from 30/06/2015 to 20/07/2015

14

    31/03/2016    Mechel Trading AG      57,171.27       USD    penalty for overdue indebtedness on main debt under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 31/03/2015 to 20/07/2015

15

    31/03/2016    Mechel Trading AG      375,953.34       USD    Interest on loan (overdue) under the Agreement on opening of a non-revolving credit line No.5624 dated 30/04/2013 for the period from 29/03/2015 to 28/06/2015

16

    31/03/2016    Southern Kuzbass OAO      76,134.36       RUR    penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/09/2015 by the court decision on the case No. A40-159730/2014

17

    31/03/2016    Southern Kuzbass OAO      1,751,090.26       RUR    penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/09/2015 to 14/11/2014 by the court decision on the case No. A40-25992/2015

18

    31/03/2016    Southern Kuzbass OAO      94,824.08       USD    penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/12/2014 to 17/04/2015 by the court decision on the case No. A40-25992/2015

19

    31/03/2016    Southern Kuzbass OAO      4,002,275.23       USD    Interest on loan (overdue) under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 29/09/2014 to 28/03/2015 by the court decision on the case No. A40-25992/2015

20

    31/03/2016    Southern Kuzbass OAO      30,331.51       RUR    penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for 30/09/2015 by the court decision on the case No. A40-159730/2014

21

    31/03/2016    Southern Kuzbass OAO      1,132,651.28       RUR    penalty for overdue indebtedness on interest under the Agreement No.5593 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 01/10/2014 to 17/04/2015 by the court decision on the case No. A40-25992/2015

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

49

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

22

    31/03/2016    Southern Kuzbass OAO      120,292.29       RUR    penalty for overdue indebtedness on interest under the Agreement No. 5593 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for 30/09/2015 by the court decision on the case No. A40-159730/2014

23

    31/03/2016    Southern Kuzbass OAO      2,766,722.61       RUR    penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 01/10/2014 to 14/11/2014 by the court decision on the case No. A40-25992/2015

24

    31/03/2016    Southern Kuzbass OAO      148,671.61       USD    penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 30/12/2014 to 17/04/2015 by the court decision on the case No. A40-25992/2015

25

    31/03/2016    Southern Kuzbass OAO      6,356,459.33       USD    Interest on loan (overdue) under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the First part of the credit line) for the period from 29/09/2014 to 28/03/2015 by the court decision on the case No. A40-25992/2015

26

    31/03/2016    Southern Kuzbass OAO      32,353.62       RUR    penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for 30/09/2015 by the court decision on the case No. A40-159730/2014

27

    31/03/2016    Southern Kuzbass OAO      1,208,161.37       RUR    penalty for overdue indebtedness on interest under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 01/10/2014 to 14/11/2014 by the court decision on the case No. A40-25992/2015

28

    31/03/2016    Southern Kuzbass OAO      2,375,392.01       RUR    penalty for overdue indebtedness on interest under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/09/2014 to 14/11/2014 by the court decision on the case No. A40-159782/2014

29

    31/03/2016    Southern Kuzbass OAO      42,939.29       USD    penalty for overdue indebtedness on interest under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/12/2014 to 29/01/2015 by the court decision on the case No. A40-159782/2014

30

    31/03/2016    Southern Kuzbass OAO      2,885,977.16       USD    Interest on loan (overdue) under the Agreement No. 8507 on opening of a non-revolving credit line dated 09/10/2012 for the period from 29/09/2014 to 28/12/2014 by the court decision on the case No. A40-159782/2014

31

    31/03/2016    Southern Kuzbass OAO      22,840.31       RUR    penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for 30/09/2015 by the court decision on the case No. A40-159782/2014

32

    31/03/2016    Southern Kuzbass OAO      559,217.68       RUR    penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 01/10/2014 to 17/11/2014 by the court decision on the case No. A40-4724/15

33

    31/03/2016    Southern Kuzbass OAO      34,952.59       USD    penalty for overdue indebtedness on interest under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 30/12/2014 to 12/05/2015 by the court decision on the case No. A40-4724/15

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

50

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

34

    31/03/2016    Southern Kuzbass OAO      1,193,088.37       USD    Interest on loan (overdue) under the Agreement No. 8508 on opening of a non-revolving credit line dated 09/10/2012 for the period from 29/09/2014 to 28/03/2015 by the court decision on the case No. A40-4724/15

35

    31/03/2016    BFP LLC      295,004.43       RUR    penalty for overdue indebtedness on interest under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/15 to 06/05/15 by the court decision on the case No. A40-16095/2014

36

    31/03/2016    BFP LLC      190,988.04       RUR    penalty for overdue indebtedness on interest under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/06/15 to 23/07/15 by the court decision on the case No. A19-9461/15

37

    31/03/2016    BFP LLC      1,756,629.08       RUR    penalty for overdue indebtedness on main debt under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/15 to 23/07/15 by the court decision on the case No. A19-9461/15

38

    31/03/2016    BFP LLC      20,747,213.79       RUR    Interest on loan (overdue) under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/03/2015 to 25/06/2015 by the court decision on the case No. A19-9461/15

39

    31/03/2016    BFP LLC      16,450,593.99       RUR    Interest on loan (overdue) under the Agreement No. 160 on opening of a non-revolving credit line dated 14/10/2010 for the period from 26/06/2015 to 10/09/2015

40

    31/03/2016    Yakutugol HC OAO      23,416.94       RUR    penalty for overdue indebtedness on interest under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 26/05/2015 to 10/09/2015 by the court decision on the case No. A58-3296/2015

41

    31/03/2016    Yakutugol HC OAO      202,409.33       RUR    penalty for overdue indebtedness on main debt under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 07/05/2015 to 10/09/2015 by the court decision on the case No. A58-3296/2015

42

    31/03/2016    Yakutugol HC OAO      316,778.67       RUR    Interest on loan (overdue) under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 01/03/2015 to 30/06/2015 by the court decision on the case No. A58-3296/2015

43

    31/03/2016    Yakutugol HC OAO      1,312,539.70       RUR    Interest on loan (overdue) under the Agreement No. 12 on opening of a non-revolving credit line dated 23/04/2010 for the period from 01/07/2015 to 10/09/2015

44

    31/03/2016    KGOK OAO      1,709,902.63       RUR    Interest on loan (overdue) under the Agreement No. 028 on opening of a non-revolving credit line dated 16/03/2010 accrued and unpaid as of 31/12/2015

45

    31/03/2016    KGOK OAO      497,331.99       RUR    Interest on loan (overdue) under the Agreement No. 029 on opening of a non-revolving credit line dated 16/03/2010 accrued and unpaid as of 31/12/2015

46

    31/03/2016    ChMK PJSC      30,435,616.45       RUR    Interest on loan (overdue) under the Agreement No. 74086 on opening of a non-revolving credit line dated 22/12/2009 for the period from 21/01/2015 to 10/09/2015

47

    31/03/2016    Southern Kuzbass OAO      5,287,222.58       RUR    Interest on loan (overdue) under the Agreement No. 13 on opening of a non-revolving credit line dated 25/03/2010 accrued and unpaid as of 31/12/2015

48

    31/03/2016    Izhstal OAO      3,072.61       RUR    penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

51

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

49

    31/03/2016    Izhstal OAO      128.02       RUR    penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

50

    31/03/2016    Izhstal OAO      20,139.04       RUR    penalty for overdue indebtedness on interest under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

51

    31/03/2016    Izhstal OAO      20,878.76       RUR    Payment for maintaining the loan account under the Agreement No. 4-NKL-I and opening of a non-revolving credit facility dated 13/02/2009 for the period from 11/05/2015 to 10/07/2015 by the court decision on the case No. A71-8039/15

52

    31/03/2016    Izhstal OAO      20,638.36       RUR    Payment for maintaining the loan account under the Agreement No. 4-NKL-I and opening of a non-revolving credit facility dated 13/02/2009 for the period from 11/07/2015 to 10/09/2015

53

    31/03/2016    Izhstal OAO      501,090.41       RUR    Interest on loan (overdue) under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/05/2015 to 10/07/2015 by the court decision on the case No. A71-8039/15

54

    31/03/2016    Izhstal OAO      495,320.54       RUR    Interest on loan (overdue) under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 for the period from 11/07/2015 to 10/09/2015

55

    31/03/2016    Izhstal OAO      26,921.57       RUR    penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/07/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

56

    31/03/2016    Izhstal OAO      298.46       RUR    penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 from 11/07/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

57

    31/03/2016    Izhstal OAO      534,331.24       RUR    penalty for overdue indebtedness on interest under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 to 13/07/2015 by the court decision on the case No. A71-8039/15

58

    31/03/2016    Izhstal OAO      93,808.24       RUR    Payment for maintaining the loan account under the Agreement No. 12-NKL-I and opening of a non-revolving credit facility dated 22/07/2010 for the period from 11/07/2015 to 10/09/2015

59

    31/03/2016    Izhstal OAO      5,060,920.77       RUR    Interest on loan (overdue) under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/06/2015 to 10/07/2015 by the court decision on the case No. A71-8039/15

60

    31/03/2016    Izhstal OAO      10,742,016.65       RUR    Interest on loan (overdue) under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 for the period from 11/07/2015 to 10/09/2015

61

    31/03/2016    Yakutugol HC OAO      15,558.25       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-7389/2014

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

52

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

62

    31/03/2016    BFP LLC      4,107.75       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-188070/14

63

    31/03/2016    Mechel Trans LLC      4,107.75       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-188070/14

64

    31/03/2016    BFP LLC      66,133.83       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-16095/2014

65

    31/03/2016    Mechel OAO      66,133.83       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-16095/2014

66

    31/03/2016    Mechel Trading AG      957,232.93       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-204/2014

67

    31/03/2016    Mechel Trading AG      16,491.50       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

68

    31/03/2016    Mechel OAO      16,491.48       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

69

    31/03/2016    BFP LLC      16,491.48       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

70

    31/03/2016    Mechel Service Global (MSG)      16,491.48       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

71

    31/03/2016    Mechel Trans LLC      16,491.48       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

72

    31/03/2016    ChMK PJSC      16,491.48       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-159766/2014

73

    31/03/2016    Southern Kuzbass OAO      10,529.26       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A45-20227/2014

74

    31/03/2016    Southern Kuzbass OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015

75

    31/03/2016    Mechel Mining OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015

76

    31/03/2016    Mechel OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

53

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

77

    31/03/2016    Yakutugol HC OAO      50,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case A40-25992/2015

78

    31/03/2016    Mechel OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

79

    31/03/2016    Mechel Trans LLC      33,333.33       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

80

    31/03/2016    Southern Kuzbass OAO      33,333.35       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

81

    31/03/2016    Mechel Mining OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

82

    31/03/2016    Yakutugol HC OAO      33,333.33       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

83

    31/03/2016    BFP LLC      33,333.33       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-47254/15

84

    31/03/2016    Mechel Mining OAO      16,147.50       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159782/2014

85

    31/03/2016    Yakutugol HC OAO      14,628.34       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159782/2014

86

    31/03/2016    Southern Kuzbass OAO      4,859,394.86       USD    penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187451/15 for the period from 02/10/2015 on 17/12/2015

87

    31/03/2016    Southern Kuzbass OAO      1,122,845.78       USD    penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187412/15 for the period from 02/10/2015 on 17/12/2015

88

    31/03/2016    Southern Kuzbass OAO      3,767,123.29       USD    penalty for overdue debt on principal debt under the Settlement Agreement concluded in the framework of the arbitration proceedings No. A40-187412/15 (for the First part of the credit line) for the period from 02/10/2015 on 17/12/2015

89

    31/03/2016    Southern Kuzbass OAO      3,060,885.61       RUR    Interest on loan (overdue) under the Agreement No. 5594 on opening of a non-revolving credit line dated 09/10/2012 (for the Second part of the credit line) for the period from 29/03/2015 to 01/10/2015

90

    31/03/2016    BFP LLC      72,203,785.60       RUR    principal debt under the Agreement No. 160 on opening of a non-revolving line of credit dated 14/10/2010 by the court decision on cases No. A19-9461/15; A40-110111/15

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

54

No.

    Date of
payment		   

Payer

    Amount     

Currency of
payment

   

Purpose of payment

91

    31/03/2016    Izhstal OAO      16,595,504.67       RUR    principal debt under the Agreement No. 12-NKL-I on opening of a non-revolving credit line dated 22/07/2010 by the court decision on the case No. A40-135744/15; A71-8039/15

92

    31/03/2016    Izhstal OAO      1,350,000.00       RUR    principal debt under the Agreement No. 4-NKL-I on opening of a non-revolving credit line dated 13/02/2009 by the court decision on the case No. A40-135744/15; A71-8039/15

93

    31/03/2016    Yakutugol HC OAO      5,194,730.88       RUR    principal debt under the Agreement No. 12 on opening of a non-revolving line of credit dated 23/04/2010 by the court decision on cases No. A19-3296/2015; A40-110036/15

94

    31/03/2016    Southern Kuzbass OAO      400,000.00       RUR    expenses of Sberbank PJSC for payment of state fee under international agreements concluded within the framework of arbitration cases No. No. A40-187413/15; A40-187416/15; A40-187451/15; A40-187412/15

95

    31/03/2016    Southern Kuzbass OAO      200,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-159730/2014

96

    31/03/2016    ChMK PJSC      200,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-83634/15

97

    31/03/2016    BFP LLC      200,000.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A19-9461/15; A40-110111/15

98

    31/03/2016    Izhstal OAO      292,004.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A40-135744/15; A71-8039/15

99

    31/03/2016    Yakutugol HC OAO      74,312.00       RUR    expenses of Sberbank PJSC for payment of state fee by the court decision on the case No. A58-3296/2015; No. A40-110036/15
        

 

 

        
     

TOTAL

      3,300,000,000.00       RUR   
        

 

 

        

Signatures of Parties

 

Lender:       Borrower:  
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of management company - MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.       L.S.  

 

Additional Agreement No.8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

55

Appendix No.4 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Appendix No. 6 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Terms of mandatory repayment (Cash-sweep mechanism)

(hereinafter referred to as “Terms”)

Unless otherwise provided, the terms used in the Conditions, have the same meaning as in the Agreement.

For the purposes of the Conditions, the following terms and definitions are used:

“Lenders - participants of Cash-sweep” - Lender, GPB (JSC), VTB Bank (PJSC) as well as banks and financial institutions involved as lenders under:

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Southern Kuzbass Coal Company OAO as a borrower;

 

  •   an agreement for syndicated credit dated September 6, 2010, in the amount of 501,981,997.35 (Five hundred and one million nine hundred and eighty-one thousand nine hundred ninety-seven 35/100) US dollars, signed with the Yakutugol HC OAO as a borrower;

“Compulsory payments” means payments of the Mechel Group companies payable in the calendar month following the reporting month to:

(a) repay loan debt in accordance with loan debt repayment schedule and pay interest on the entire Loan debt of the Mechel Group;

(b) repay bond loans of Mechel Group and pay interest on them.

“Reporting month” means relevant calendar month within the effective term of the Agreement starting from January 2016.

“Control period” means every three consecutive reporting months. Each Reporting month can belong to only one Control period.

“Monetary funds” means at any given time total amount of cash and monetary equivalents of any of the Mechel Group companies, according to the methodology used for preparing financial statements according to US GAAP.

“Minimum limit of monetary funds” means 5,000,000,000 (Five billion) rubles.

“Free Monetary funds of the Mechel Group” means positive value of average daily balance of Monetary funds for the Reporting month minus the Minimum limit of monetary funds and reduced by the amount of Compulsory payments divided by the number of calendar days in the Reporting month. If the difference is negative, the amount of Free Monetary funds of the Mechel Group is assumed to be 0 (zero) rubles.

“Credit indebtedness of the Mechel Group” means total amount of loan indebtedness (principal debt) under all contracts on loans signed with the Mechel Group companies

“Credit indebtedness of the Mechel Group to lenders - members of Cash-sweep” means total amount of principal debt (loan indebtedness) of the Mechel Group companies to lenders - members of Cash-sweep.

1. Within 10 (Ten) business days after the end of the Reporting month, the Borrower shall provide from the side of the Mechel OAO to the Lender and the Independent financial adviser / Deputy General Director:

(a) Confirming certificate signed by an authorized person, containing:

(i) results of calculation of average daily balance of Monetary funds for the Reporting month and calculation of Free monetary funds of the Mechel Group denominated in rubles (this calculation must be also sent to the Lender in the “MS Excel” format to the email address mechel@sberbank.ru). Daily balance of Monetary funds in foreign currencies is translated into rubles at the exchange rate of the Bank of Russia set for the respective day.

(ii) Compulsory payments (indicating a lender, bank details, credit agreements, currency of payment, payment amount in the currency of destination and date of payment) denominated in rubles. Compulsory payments in foreign currencies are translated into rubles at the exchange rate of the Bank of Russia set for the last date of the Reporting month.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

(b) statements (certificates) for all bank accounts of the Mechel Group companies for the Reporting month containing amount of balance of monetary funds for the end of each day in paper form certified by respective banks (and also their electronic copies in the «MS Excel» format must be sent to the Lender to his electronic address mechel@sberbank.ru) upon receipt of a written request from the Lender (but not more than one request per quarter) from Independent financial adviser / Deputy General Director at their discretion.

(c) a certificate from tax authority about actual accounts of Liable persons in the Reporting month in electronic form with a digital signature of the tax authority, upon receipt of written request from the Lender (but not more than one request per quarter) from Independent Financial Adviser / Deputy General Director at their discretion.

(d) decoding of Balance sheet accounts of each Mechel Group company for the reporting month containing amounts of Monetary funds for the end of each day in the “MS Excel” format, upon receipt of written request from the Lender (but not more than one request per quarter) from Independent financial advisor / Deputy General Director at their discretion.

2. The Borrower shall provide the following documents in the form of copies certified by the Mechel OAO, or originals from the side of the Mechel OAO to Independent financial adviser:

(a) Consolidated annual audited statements of the Mechel OAO, prepared in accordance with IFRS or US GAAP - no later than 180 (one hundred eighty) calendar days from the date of the end of the relevant calendar year.

(b) Consolidated audited statements of the Mechel OAO for the first, second and third quarters of the calendar year, including consolidated balance sheet, profit and loss statement and statement of comprehensive debt, prepared in accordance with IFRS or US GAAP:

(i) with respect to statements prepared in 2015 and 2016 - no later than 120 (one hundred twenty) days from the date of the end of the quarter;

(ii) with respect to statements prepared in 2017 - no later than 90 (ninety) days from the date of the end of the quarter;

3. At the end of each Reporting month within 5 (Five) working days from the date of expiry of the documents listed in clause 1 of Terms and Conditions, Deputy General Director on the basis of all documents and information available to him, checks results of calculations of average daily balance of Monetary funds and Free monetary funds of the Mechel Group for the Reporting month contained in Confirming certificates, and transfers preliminary conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates and results of calculations carried out by the Deputy General Director for the reporting month, to the Lender and to Liable persons.

4. In the case of non-receipt of all documents listed in clause 1 of Terms and Conditions for each of the Reporting month from the Mechel OAO:

 

  4.1. Deputy General Director during test period carried out in accordance with clause 3 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to Liable persons.

 

  4.2. The Borrower shall, within 3 (Three) business days from the date of receipt of the requirement with a list of not received documents from the Deputy General Director, ensure the provision of specified in requirements documents from the Mechel OAO to Deputy General Director and the Lender.

 

  4.3. In the case of non-receipt from the Mechel OAO of all the documents listed in this clause 4.1 Conditions of requirements, Deputy General Director at the end of the period specified in clause 4.2 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to the Lender and Liable persons.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

57

5. At the end of each Control period, within 10 (Ten) business days from the date of expiry of the reporting for the Control period specified in clause 1 of Terms and Conditions, the Independent financial adviser on the basis of all documents and information available to him, checks results of calculations of average daily balance of Monetary funds and Free monetary funds of the Mechel Group for each of Reporting months included in the Control period, and transfers preliminary conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates and results of calculations carried out by the Independent financial adviser for the reporting months, to the Lender and to Liable persons.

6. In the case of non-receipt of all documents listed in clause 1 and 2 of Terms and Conditions, for each of the Reporting month in the relevant Control period:

 

  6.1. Independent financial adviser during the period of testing carried out in accordance with clause 5 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to Liable persons.

 

  6.2. The Borrower shall, within 3 (Three) business days from the date of receipt of the requirement with a list of not received documents from the Independent financial adviser, ensure the provision of specified in requirements documents from the Mechel OAO to the Independent financial adviser and the Lender.

 

  6.3. In the case of non-receipt from the Mechel OAO of all the documents listed in this clause 6.1 of Conditions of requirements, the Independent financial adviser at the end of the date specified in clause 6.2 of Terms and Conditions, shall immediately send a requirement containing a list of not received documents, to the Lender and Liable persons.

7. Upon receipt of a preliminary conclusion in accordance with clauses 3 or 5 of the Terms (hereinafter - the “Preliminary conclusion”) from the Independent financial adviser / Deputy General Director:

 

  7.1. The Lender may, within 3 (Three) working days from the date of receipt of the preliminary conclusion from the Independent financial adviser / Deputy General Director, provide the Independent financial adviser / Deputy General Director and the Mechel OAO with its explanations and objections regarding received preliminary conclusion attaching supporting documents;

 

  7.2. The Lender may, within 3 (Three) business days from the date of receipt of the preliminary conclusion from the Independent financial adviser / Deputy General Director, provide the Mechel OAO representation of its explanations and objections regarding received preliminary conclusion attaching supporting documents, to Independent financial adviser / Deputy General Director;

 

  7.3. Independent financial adviser and / Deputy General Director shall send the Lender and Liable persons final conclusion about presence / absence of discrepancies between results of calculations of Confirming certificates and results of calculations carried out by the Independent financial adviser / Deputy General Director (hereinafter referred to as “Final conclusion”):

 

  (a) not later than 3 (Three) business days from the date of receipt of explanations and objections from the Lender and / or the Mechel Group, or

 

  (b) on the 6 (sixth) business day from the date of receipt by Mechel OAO from the Independent Financial Adviser / Deputy General Director, a preliminary conclusion specified in clause 5 of Terms and Conditions - if the Independent financial adviser / Deputy General Director has not received explanations and objections to the preliminary conclusion from the Lender and / or Mechel OAO.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

58

8. When in the Reporting month Free Monetary funds of the Mechel Group have been identified in the amount of more than 100,000,000 (One hundred million) rubles, the Borrower’s obligation to repay the principal debt (loan debt) under the Agreement, becomes urgent to fulfill in terms of amount of the Free Monetary funds of the Mechel Group in proportion to the loan debt ( principal debt) under the Agreement, in the total credit debt of the Mechel Group to Lenders - Cash-sweep participants on the last day of the Reporting month. The obligation having become urgent to fulfill, is enforceable by the Borrower to the Lender within 10 (Ten) business days from the date of sending to the Lender Final conclusions of the Independent financial adviser / Deputy General Director, about discrepancy between results of calculations in Confirming Certificates and results of calculations carried out by the Independent financial adviser / Deputy General director.

9. The Borrower provides and ensures provision from the side of the Mechel Group and all companies of the Mechel Group to the Independent financial adviser / Deputy General Director, of financial control function over the Mechel Group:

(i) Verification of the Financial model of the Mechel Group for technical correctness and validity of laid down preconditions, including development of recommendations for correcting prerequisites (Bank-Case development), performed by the Independent financial adviser annually.

(ii) monthly / quarterly monitoring of financial and operating activities of the Mechel Group, including:

 

  •   analysis of the fact of the past month to the fact of the previous month;

 

  •   analysis of the fact of the past month to the plan of the previous month;

 

  •   analysis of corrections of plans for long-term Financial model of the Mechel Group;

 

  •   analysis of performance of covenants under agreements of Lender banks.

(iii) Monthly / quarterly inspection of concluded transactions (including but not limited to sale of finished products, procurement of goods / services, receipt / delivery of loans / bills) to suit market conditions and economic feasibility, including random checks of primary documentation (contracts, invoices, payment orders) at the request of the Lender and / or the Independent financial adviser.

(iv) Monthly / quarterly monitoring of transactions with related parties to show suitability to market conditions and economic feasibility, including random checks of primary documents (contracts, invoices, payment orders) at the request of the Lender and / or the Independent financial adviser.

(v) Monthly / quarterly monitoring of primary documents confirming the amount of Compulsory payments.

The Borrower shall ensure that Mechel OAO makes audit of the annual consolidated financial statements of Mechel OAO by international standards. Audit of international reporting must be carried out by an auditor of PricewaterhouseCoopers, E&Y, Deloitte or KPMG before repayment of debts to the Lender.

10. For financial control purposes in accordance with clause 9 of Terms and Conditions the Borrower shall provide a report of the Independent financial adviser from the side of Mechel OAO to the Lender no later than the 25th day of the first month of each calendar quarter, and not later than the 25th day of each calendar month - a report of the Deputy General Director containing information in accordance with clause (i) - (v) of clause 9 of Terms and Conditions

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

59

11. The Borrower shall, before March 31, 2016, conclude / provide conclusion of an agreement between Mechel OAO and the Independent financial adviser, providing implementation of functions stipulated by Terms and Conditions, by the Independent financial adviser, and to ensure coordination with the Lender of conditions of the agreement with the Independent financial adviser. At the same time, taking into account proposals of the Independent financial adviser, conditions can be changed by agreement of the Parties.

12. The Borrower shall provide / ensure the provision of all necessary information (access to information) to carry out its (their) obligations under the Terms and Conditions, from the side of the Mechel Group to the Independent financial adviser / Deputy General Director.

Signatures of Parties

 

Lender:     Borrower:
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.     L.S.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

60

Appendix No.5 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Appendix No. 7 to Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

List of Non-key assets for disposal

 

No.

   

Name of Asset

   

Location

   

Identification of asset

1    Share of 100% of the share capital of the Bratsk Ferroalloy Plant (BFP LLC)    665716 Russian Federation, Irkutsk region, Bratsk, Central residential district, P 01 11 01 00    PSRN 1033800845760; TIN 3804028227
2    91.45% of the share capital of the Beloretsk Metallurgical Plant OAO (BMC OAO)    453502 Russian Federation, Republic of Bashkortostan, Beloretsk, 1 Blyuhera Street    PSRN 1020201623716; TIN 0256006322
3    93.76% of the share capital of the Urals Stampings Plant (Urals Stampings Plant OAO)    456440 Russian Federation, Chelyabinsk region, Chebarkul, 7 Dzerzhinskogo Street    PSRN 1027401141240; TIN 7420000133
4    90.00% of the share capital of the Izhstal OAO (Izhstal OAO)    426006 Russian Federation, Republic of Udmurtia, Izhevsk, 6 Novoazhimova Street    PSRN 1021801435325; TIN 1826000655
5    90.04% of the share capital of the KGOK OAO (KGOK OAO)    665651 Irkutsk region, Russian Federation, Zheleznogorsk-Ilim, 9A / 1 Ivashchenko Street    PSRN 1023802658714; TIN 3834002314
6    72.14% of the share capital of the Kuzbass Power Sales Company OAO (Kuzbassenergosbyt OAO)    650036 Kemerovo region, Kemerovo, 90/4 Prospekt Lenina    PSRN 1064205110133
7    99.52% of the share capital of the Moscow Coke and Gas Plant OAO (Moskoks OAO)    142703 Moscow Region, Vidnoe, 13 Belokamennoye Highway    PSRN 1025000657660
8    100% of the share capital of the UAB “Mechel Nemunas” (Mechel Nemunas)    Kaunas, 83 R. Kalantos Street, LT-52308, Lithuania    PSRN 111790066
9    93.35% of the share capital of the Vyartsilya Hardware Plant CJSC (Vyartsilya Hardware Plant CJSC)    186757 Republic of Karelia, Sortavala, urban type settlement Vyartsilya, 1 Zavodskaya Street    PSRN 1021000941785
10    84.10% of the share capital of the Southern Urals Nickel Plant OAO (Yuzhuralnickel OAO)    462424 Orenburg region, Orsk, 1 Prizavodskaya Street    PSRN 1025601931410
11    Land plot of 13.41 hectares, owned by MechelService LLC (MechelService LLC)    Russian Federation, Moscow region, Vidnoe, 13 Belokamennoye highway    cadastral number 50:21:0020102:368
12    Share of 100% of the share capital of the Port Mechel Temryuk LLC (Port Mechel Temryuk LLC)    353500 Russia, Krasnodar region, Temryuk district, port “Temryuk”    PSRN 1082352000521; TIN 2352042694
13    90.36% of the share capital of the Port Kambarka OAO (Port Kambarka OAO)    427958 Republic of Udmurtia, Kambarsky District, village Kama, 2 Nizhnekamskaya Street    PSRN 1021800717839

Signatures of Parties

 

Lender:     Borrower:
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.     L.S.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

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Appendix No.6 to Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

Conditions of termination of the Additional Agreement

1. On the basis of Articles 157, 327.1 of the Civil Code of the Russian Federation, the Parties put termination of rights and obligations of the Parties under this Additional Agreement, dependent on occurrence of any of the following circumstances:

a) non-receipt by the Lender in the period until March 31, 2016 (inclusive) payments from the Mechel Group companies to repay overdue debt to the Lender on interest, fees, penalties and repayment of the Lender’s expenses for payment of state fee for examination cases by courts of arbitration in the amount (in rubles or US dollars) equivalent to 3.3 billion (Three billion three hundred million) rubles, in accordance with Appendix No.5 to the Agreement;

b) non-transfer until 30 April, 2016 (inclusive), by the Mechel Group companies that are lessees of Sberbank Leasing JSC, monetary funds in the total amount of 900,000,000 (Nine hundred million) rubles (including amounts transferred starting from 19.11.2015) in favor of Sberbank Leasing JSC in account of full compensation of legal costs in court cases with Sberbank Leasing JSC, as well as in account of performance of obligations established by international agreements on arbitration cases;

c) failure of conclusion until March 31, 2016 (inclusive) of the agreement of cession by the Lender, and non-receipt of payment on it (in rubles or US dollars) in total equivalent to 31,500,000,000 (Thirty-one billion five hundred million) rubles at the Bank of Russia exchange rate on the date of payment for ceded rights (claims) or part of the rights (claims) to Southern Kuzbass OAO, belonging to the Lender on one or more Agreements on opening of a non-revolving credit facility No.5593 dated 09.10.2012, No.5594 dated 09.10.2012, No.8507 dated 09.10.2012, No.8508 dated 09.10.2012, made between the Lender and Southern Kuzbass OAO, taking into account global agreements concluded between the Lender and of Southern Kuzbass OAO in the process of judicial review of arbitration cases No. A40-187413/15, A40-187451/15, A40-187412/15, A40-187416/15;

d) occurrence, in the period from the date of signing of the Additional Agreement on March 31, 2016 (inclusive), of delay in the payment of interest under the Agreement, payable in accordance with the procedure specified in Article 4 of the Agreement (as amended in the Additional Agreement), of more than 10 (Ten) business days;

e) occurrence of legal disputes under Agreements on opening of a non-revolving credit line No. 5593 dated 09.10.2012, No. 5594 dated 09.10.2012, No. 8507 dated 09.10.2012, No. 8508 dated 09.10.2012, concluded between the Lender and Southern Kuzbass OAO, initiated by the Mechel Group companies and / or any third party (including on appeal of approved settlement agreements in the framework of arbitration proceedings claims No. A 40-187413/15, A40-187451/15, A-40-187412/15, A40-187416/15 and previously adopted legal acts in arbitration cases No. A40-159782/2014, A40-25992/2015, A40-47254/2015);

f) adoption of judicial decisions about invalidation of any of the obligations of the Mechel Group companies to the Lender on any of credit agreements / contracts on opening of a credit line / agreements / contracts of pledge / surety agreements concluded between them.

2. In the event of occurrence of any listed in clause 1 of this Appendix No. 6 to the Additional Agreement circumstances, rights and obligations of the Parties under the Additional Agreement terminate on expiry of 10 (Ten) calendar days from the date of the Lender’s written notice to the Borrower.

3. Inclusion of conditions listed in clause 1 of this Appendix No. 6 to the Additional Agreement, is an compulsory condition of conclusion of the Additional Agreement between the Lender and the Borrower.

4. In case of termination of rights and obligations of the Parties under this Additional Agreement, conditions of the Agreement No. 5594 on opening of a non-revolving credit facility dated October 9, 2012 in the version in force until conclusion of the Additional Agreement between the Parties, is applied to legal relations between the Parties.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

62

Signatures of Parties

 

Lender:     Borrower:
Senior Managing Director - Head of the Credit and Project Finance Division of the Credit Department of Sberbank PJSC     General Director of MC Mechel Mining OOO

 

   A.Yu. Goncharenko    

 

   P.V. Shtark
L.S.     L.S.

 

Additional Agreement No. 8 dated March 4, 2016 to

Non-Revolving Credit Facility Agreement No. 5594 dated October 9, 2012

 

63