Joinder Agreement to Operating Agreement by Pioglobal First Russia, LLC and Alexander Chernyshov
This agreement adds Alexander Chernyshov as a member and restricted unit holder to the Operating Agreement of Pioglobal First Russia, LLC, originally dated April 12, 2004. By signing, Chernyshov agrees to be bound by the terms of the Operating Agreement, with a specific amendment to Section 8.7(b) that changes a date reference for his participation. The agreement is acknowledged by both Chernyshov and the company, represented by its Vice President and Treasurer.
Exhibit 10.2
JOINDER AGREEMENT
The undersigned hereby agrees, effective as of the date hereof, to become a party to that certain Operating Agreement (the “Agreement”) dated as of April 12, 2004 by and among Pioglobal First Russia, LLC (the “Company”), its Board of Directors, Pioglobal Omega, LLC, Andrei Uspensky, and any other unit holder, warrant holder or option holder who from time to time becomes a party to the Agreement by execution of a Joinder Agreement. The undersigned acknowledges and agrees that the undersigned will be included within the meaning of the term “Restricted Unit Holder” as defined and used in the Agreement.
As a condition to accepting the undersigned as a Member and Restricted Unit Holder, as those terms are defined and used in the Agreement, the Company and the undersigned agree that Section 8.7(b) of the Agreement shall be amended with respect to the undersigned as follows:
The reference to “January 1, 2003” in Section 8.7(b) shall be replaced with “the date of the grant of such Call Securities”.
| May 19, 2004 | /s/ ALEXANDER CHERNYSHOV | |||||||
| Date | Name: | Alexander Chernyshov (Sign name on signature line and print name | ||||||
| Address: | Moscow, Kizovogradskaya Str., 42/1/122 | |||||||
| Telephone: | ||||||||
| Facsimile: | ||||||||
Acknowledged and agreed to:
| PIOGLOBAL FIRST RUSSIA, LLC | ||
| By: | /s/ DONALD H. HUNTER | |
| Name: | Donald H. Hunter | |
| Title: | Vice President and Treasurer | |
