LAW OF UKRAINE

of June 3, 2008 No. 309-VI

About modification of some legal acts of Ukraine

The Verkhovna Rada of Ukraine decides:

I. Make changes to the following legal acts of Ukraine:

1. Ceased to be valid.

2. In the Law of Ukraine "About lease of land" (Sheets of the Verkhovna Rada of Ukraine, 2004, N 10, Art. 102 with subsequent changes):

Second and third Article 6 to state 1) to part in the following edition:

"In case of acquisition of right of lease of the parcel of land on competitive bases the basis for the conclusion of the lease agreement are results of auction.

In case of early termination of the land lease agreement at the initiative of the lessor of the parcel of land (except early termination of the lease agreement in connection with failure to carry out by the lessee of the obligations) which right of lease is acquired by results of auction, the lessor refunds to the lessee expenses on its acquisition in the terms determined by terms of the contract and the law and losses which will be suffered by the lessee owing to early termination of the lease agreement if another is not provided by the lease agreement";

To add 2) with Article 8-1 of the following content:

"Article 8-1. Prohibition of alienation by the lessee of the right to lease of the parcel of land of the state-owned and utility property

The right to lease of the parcel of land of the state-owned and utility property cannot be sold or is otherwise alienated by his lessee to other persons";

The text of Article 9 to state 3) in the following edition:

"The lessee who according to the law can have the leased parcel of land in property has the privilege to acquisition it in property in case of sale of this parcel of land provided that it pays the price at which it is on sale, and in case of sale at auction - if its offer is equal with the offer which is the greatest of offered by participants of auction.

The lessor shall notify in writing the lessee on intention to sell the parcel of land to the third party.

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