The agreement between the Government of the Kyrgyz Republic and the Government of the Russian Federation on repayment of part of public debt in property form and write-off of the remained debt of the Kyrgyz Republic to the Russian Federation

of September 3, 2009

The government of the Kyrgyz Republic and the Government of the Russian Federation which are hereinafter referred to as with the Parties

in view of difficult financial position of the Kyrgyz Republic,

for the purpose of further strengthening of friendship and development of mutually beneficial cooperation between two countries,

in accordance with the terms of the Multilateral memorandum of consolidation of the debt of the Kyrgyz Republic signed on March 11, 2005 in Paris by representatives of the Government of the Kyrgyz Republic and representatives of the governments of the participating states creditors of the Paris Club

proceeding from article 8 of the Agreement between the Government of the Kyrgyz Republic and the Government of the Russian Federation about settlement of debt of the Kyrgyz Republic to the Russian Federation on earlier granted loans of September 5, 2005 (further hereinafter is referred to as - the Agreement of September 5, 2005),

agreed as follows:

Article 1

The total amount of debt of the Kyrgyz Republic on principal debt on public credits settled according to the Agreement of September 5, 2005 as of January 1, 2009 constitutes 193.561.458,33 of US dollars (further - debt on the Agreement).

Article 2

1. Part of the debt of the Kyrgyz Republic to the Russian Federation specified in Article 1 of this agreement is settled ahead of schedule in the way:

a) transfer into the ownership of the Russian Federation of the block of shares of open joint stock company which is in property of the Kyrgyz Republic of 48% "Dastan multinational corporation (далееОАО "Dastan MNC) worth 19.405. 624, 86th US dollar;

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