Additional Agreement to Accessorial Loan Agreement No. 5382/A between Kazkommertsbank OJSC and Karakudukmunay JSC (July 28, 2004)

Summary

Kazkommertsbank OJSC and Karakudukmunay JSC have signed an additional agreement to modify the repayment schedule of a previous loan agreement dated May 6, 2002. The new schedule outlines specific repayment dates and amounts for both principal and interest. All other terms of the original agreement remain unchanged. This amendment is effective upon signing and is legally binding as part of the original loan agreement.

EX-10.3 4 chap10qexh103.txt ADDITIONAL AGREEMENT Exhibit 10.3 Additional agreement to Accessorial agreement # 5382/A (for granting a loan) dated May 6, 2002 Almaty July 28, 2004 1) Kazkommertsbank OJSC hereinafter referred to as "Bank" in the person of the Director of the Department of corporate relations No. 1 Mr. L. A. Satubaldina acting on the basis of Power of attorney No. 329 dated July 5, 2004, and 2) Karakudukmunay JSC hereinafter referred to as "Company" in the person of the General Director Mr. Paul Simon Ties and the Financial director Mr. K. K. Rakhishov acting on the basis of the Charter of the other side collectively referred to as "Parties" and separately as mentioned above or as "Party" have concluded this Additional agreement (hereinafter referred to as "Additional agreement") to Accessorial agreement No. 5382/A (for granting a loan) dated 6th May 2002 (hereinafter "Accessorial Agreement") to Agreement for establishing a credit line # 250 dated May 6, 2002 (hereinafter referred to as "Agreement") on the following: 1. Appendix No. 1 to the Accessorial Agreement should be modified and set forth as specified in Appendix No. 1 to this Additional agreement. 2. All the other terms and conditions of the Agreement shall remain unchanged. 3. This Additional agreement has been executed in three copies having equal legal force, two copies for the Bank and one for the Company. 4. This Additional agreement shall become effective upon signing and shall be an integral part of the Accessorial Agreement. LEGAL ADDRESSES AND BANKING DETAILS OF THE PARTIES -------------------------------------------------- BANK: Kazkommertsbank OJSC - Republic of Kazakstan, Almaty, 480060, 135/H Gagarin av., correspondent account 900161126, MFO 190501926 in the Department of payment systems of the National Bank of the Republic of Kazakstan, RNN 600400055239, residency code 1, economy sector code 4; COMPANY: Karakudukmunay JSC - Republic of Kazakstan, Mangistau oblast, Aktau, 466200, District 3, Building 82, proceeds account 06467365, currency account 05070546 in Aktau affiliate of Kazkommertsbank OJSC, RNN 430600001175, residency code 1, economy sector code 7. BANK COMPANY /x/ L. A. Satubaldina /x/ Paul Simon Ties, /x/ K. K. Rakhishov - --------------------- ----------------------------------------- L. A. Satubaldina Paul Simon Ties, K. K. Rakhishov

BANK COMPANY /x/ L. A. Satubaldina /x/ Paul Simon Ties, /x/ K. K. Rakhishov --------------------- ---------------------------------------- L. A. Satubaldina Paul Simon Ties, K. K. Rakhishov