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This document ceased to be valid is also removed from the state register by the Order of the Minister of Justice of the Republic of Uzbekistan of August 17, 2001 No. 129-mkh

IT IS REGISTERED

Ministry of Justice

Republic of Uzbekistan

On March 13, 1999 No. 667

Approved the State Property Committee of the Republic of Uzbekistan of December 15, 1998, No. 19 by the Ministry of Finance of the Republic of Uzbekistan of February 5, 1999 No. EG/30-01-12/7

Approximate Charter of investment fund

I. General provisions

1.1. Name of investment fund:

in Uzbek:

complete: "___________________" ochik акциядорлик zhamiyat investment fund,

reduced: "__________" IF.

in Russian:

complete: open joint stock company _____________ investment fund,

reduced: IF "___________".

1.2. Location: _________________________________________.

1.3. Postal address: __________________________________________.

II. Legal position of IFA

2.1. _______________ investment fund (further referred to as "IF"), are the open joint stock company operating according to the laws of the Republic of Uzbekistan "About the companies in the Republic of Uzbekistan", "About the mechanism of functioning of the security market", "About joint-stock companies and protection of shareholder rights", "Provision on investment funds", other acts of the legislation of the Republic of Uzbekistan, and also constituent documents and this charter.

2.2. IF is investment fund: open type (shall redeem own shares upon the demand of their owners) or the closed type (has no obligations of the redemption own shares).

2.3. The rights and obligations of the legal entity of IF acquires from the date of its state registration. IF has round stamp with the name, logo (symbolics), settlement and other accounts.

2.4. Effective period of IFA _________ of years (or "is unrestricted").

2.5. Founders of IFA: __________________________________________________ (legal entities);

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