ORDER OF THE MINISTER OF INVESTMENTS AND DEVELOPMENT OF THE REPUBLIC OF KAZAKHSTAN

of May 24, 2018 No. 387

About approval of standard form of guarantee of obligation fulfillment on mitigation of consequences of transactions on subsurface use

According to item 4 of article 56 of the Code of the Republic of Kazakhstan of December 27, 2017 "About subsoil and subsurface use" I ORDER:

1. Approve the enclosed standard form of guarantee of obligation fulfillment on mitigation of consequences of transactions on subsurface use.

2. To provide to department of subsurface use of the Ministry for Investments and Development of the Republic of Kazakhstan in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this order the direction it the copy on paper and electronically in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this order on Internet resource of the Ministry for Investments and Development of the Republic of Kazakhstan;

4) within ten working days after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan submission to Legal department of the Ministry for Investments and Development of the Republic of Kazakhstan of data on execution of the actions provided by subitems 1), 2) and 3) of this Item.

3. To impose control of execution of this order on the supervising vice-minister of investments and development of the Republic of Kazakhstan.

4. This order becomes effective since June 29, 2018 and is subject to official publication.

Approved by the Order of the Minister of investments and development of the Republic of Kazakhstan of May 24, 2018 No. 387

Standard form of guarantee of obligation fulfillment on mitigation of consequences of transactions on subsurface use

_______________________________________________________________________________________________________,
   (full name of the legal entity) the legal entity founded according to the legislation 
   ___________________________________________________________________________, (Republic Kazakhstan/country
  organizations (for the foreign legal entity), business and identification number _________________________
  ____________________________________________________________, (for legal entities of the Republic of Kazakhstan and
  
  branches/representations of foreign legal entities in the Republic of Kazakhstan) ___________________________
  _________________________________________________________________________________________, performing
  activities as bank based on the license for carrying out banking activities (for guarantee,
  the Republic of Kazakhstan issued by bank of the second level or foreign bank) No. _____ from ___________ years, 
  issued _______________________________________________________________________________________________,
              
  (number and date of the license, the name of the state body which granted the license), having individual
  credit rating (for the guarantee issued by the organization which shares address on organized
  security market) ____________________________________________________________________________________,

  (the individual score assigned by the Standard & Poor agency "to s, Moody" s Investors Service or Fitch not 
   below the rating determined by competent authority)

  with the location to the address: __________________________________________________________________________
  ______________________________________________________________________________________, (postal index,

  the country (for the foreign legal entity), the area, the city, the area, the settlement, the name of the street, 
  number of the house/building) (further – the Guarantor) on behalf of ______________________________________________________________ 
   ______________________________________________________________________________________, (position and name,
  surname and middle name (in the presence) completely)

  acting on the basis of the _______________________________________________________________________________
  _________________________________________________________________________________________________________ 
  
  ________________________________________________________________________________________, (charter or other 
  constituent document, power of attorney, date and number) 

   this guarantee (further – the Guarantee)   assumes irrevocable and unconditional obligation
  pay for benefit of the Republic of Kazakhstan on behalf of which  according to the Code  of the Republic of Kazakhstan 
  of  December 27, 2017 "About subsoil and subsurface use" (further – the Code) the state body acts,
  granting  the subsurface use right for carrying out _________________________________________________
  (  depending on  license type   , respectively, to specify subsurface use: transactions on investigation
  solid  minerals, transactions on production of solid minerals, transactions on  production
  popular  minerals, transactions on use of space of subsoil, prospecting)
  (further – the Beneficiary), in ensuring proper execution of obligations 

   _________________________________________________________________________________________________________
  (completely surname, name and middle name  (in the presence), nationality,  birth date,  residence,
  legal address,  name and details   of the identity document, individual
  identification number of physical person   (in the presence), or full name, number and  date
  state registration, business and identification number (in the presence) and location of legal
  person who is the owner of the right of subsurface use (share in the subsurface use right) or the applicant on
   licensing for investigation, received the notification on  need of provision of providing
  obligation fulfillments on mitigation of consequences of transactions on investigation of solid  minerals,
  stipulated in Article 188 Codes. In case of general ownership of the right of subsurface use or joint
  statements on receipt of the license for investigation of solid  minerals, it is necessary to list all
  owners/applicants.)

  (further – the Applicant) on mitigation of consequences of transactions on subsurface use on ____________________________
  _________________________________________________________________________________________ (for operating
  to specify licenses for subsurface use "provided", when licensing for investigation of firm useful
  minerals to specify "provided")

  the subsoil plot on __________________________________________________________________________________________

_____________________________________________________________________________________________ (for operating
to specify to the license for subsurface use its type, number and date of issue; when  licensing for investigation of firm
minerals to specify "to the license for investigation of solid minerals granted on the block (blocks):"
and block code (codes of blocks) according to the notification of competent authority on need of provision
ensuring  obligation fulfillment on  mitigation of consequences of transactions on investigation of firm useful
minerals)

(further – the License) according to the first written requirement of the Beneficiary (further – the Requirement) any amount, in
sets not exceeding _________________________________________________________________________________
tenge (sum in words  within the total amount of providing calculated according to the Code) (further – the Amount
Guarantees) with the following provisions:

1. in this Guarantee of the word and expression if other is directly not provided, have the values provided by the Code and the civil legislation of the Republic of Kazakhstan.

2. this Guarantee is subject to execution based on only the Requirement of the Beneficiary in which it shall be specified:

1) the license based on which there was obligation on mitigation of consequences of subsurface use which execution is provided with this Guarantee;

2) specifying on what the Applicant did not perform or inadequate image fulfilled the obligation on liquidation 
  effects of transactions on subsurface use according to the License according to ____________________________________
   __________________________________________________________________________________________________________
   _________________________________________________________________________________________________________;
      (specify Item and Article of provision of the Code (and also liquidation plan Item – for the license for production
      solid (popular) minerals and the license to use of space of subsoil for
    placements and (or) operation of subjects to placement of technogenic mineral formations of mining
        or mining and processing production), according to which the obligation on liquidation
              effects of subsurface use it shall be performed at the scheduled time)

3) the sum in words which is subject to payment within the Guarantee Amount;

4) the account of the Beneficiary in bodies of treasury of the Republic of Kazakhstan on which the required amount is paid;

5) date and number of the letter of the Beneficiary on the form of the established sample containing the Requirement;

6) completely name, surname and middle name (in the presence), position of person authorized according to the legislation of the Republic of Kazakhstan to represent the Beneficiary, its signature and impress of a seal of the Beneficiary.

3. The beneficiary has the right to direct one or several Requirements for this Guarantee in total within the Guarantee Amount.

4. The guarantor has no right to push objections against Requirements of the Beneficiary.

5. The requirement of the Beneficiary for this Guarantee shall be directed by mail or is handed personally on the location of the Guarantor.

6. Untimely execution by the Guarantor of obligations on this Guarantee is provided with penalty in the amount of percent 0,1 from outstanding amount within the Requirement for each day of delay.

7. The guarantor agrees present that any agreement between the Guarantor and the Applicant or the third party does not exempt the Guarantor from obligations on this Guarantee.

8. Obligations of the Guarantor to the Beneficiary on this Guarantee are limited to the Guarantee Amount.

9. This Guarantee submits to the legislation of the Republic of Kazakhstan and the Unified rules for on-demand guarantees ("Uniform Rules for Demand Guarantees"), the publication MTP No. 758, the editorial office 2010.

10. This Guarantee is valid from date of its issue by the Guarantor and stops to be effective in case of approach of earlier of the next events:

1) representation of the act of liquidation to the Guarantor Zayavitelem of the original or the act of inspection which is drawn up and signed according to the Code and testimonial of the termination of the obligation on mitigation of consequences of transactions on subsurface use which execution is provided with this Guarantee;

2) the expirations of one year from the date of when according to the legislation on subsoil and subsurface use the obligation on mitigation of consequences of transactions on subsurface use provided with this Guarantee owed be properly performed if in the specified time the Beneficiary did not impose to the Guarantor Trebovaniya;

3) representation of the signed statement of the Beneficiary to the Guarantor about release from obligations on the Guarantee in case of transition of the right of subsurface use according to the License to the third party if such person according to the Code provided to the Beneficiary ensuring obligation fulfillment on mitigation of consequences of transactions on subsurface use according to the License;

4) refusal in licensing by state body.

11. All payments which shall be made on this Guarantee shall be performed into the account specified in the relevant requirement. The obligations of the Guarantor provided by this Guarantee are considered performed from the moment of transfer of money in full, specified in the Requirement of the Beneficiary, into the corresponding account of the Beneficiary in bodies of treasury of the Republic of Kazakhstan.

12. The amount of the Guarantee can be reduced only with the consent of the Beneficiary.

The amount of the Guarantee can be increased by the Guarantor without the consent of the Beneficiary. In this case the Guarantor without delay notifies on it the Beneficiary.

In case of change of information about the Applicant Garantiya it can be changed by the Guarantor with the consent of the Beneficiary.

13. This Guarantee ________________________________________________________________________________
                        (specify "completely" or "partially". If the guarantee is the only way
                        providing, covering all amount of providing created  according to 
                        The code, it is necessary to specify "completely". In other cases it is necessary to specify
                        "partially") covers the amount of ensuring  obligation fulfillment on liquidation
                       effects of transactions on subsurface use according to the License.

14. All disputes between the Guarantor and the Beneficiary connected with this Guarantee are subject to settlement according to the civil legislation of the Republic of Kazakhstan.

15. Present the Guarantor assures that the undersigned has full authority for signing of this Guarantee on behalf of the Guarantor.

16. This Guarantee is issued in the Kazakh and Russian languages (to specify other language in case of issue of the Guarantee by the foreign legal entity) in three authentic copies, in one copy for the Beneficiary and the Applicant, and one copy of this Guarantee is stored at the Guarantor.

Note:

The guarantee constituted in foreign language is represented with transfer into the Kazakh and Russian languages which fidelity is subject to the notarial certificate.

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