2ND TERRACE WEST, CENTREVILLE
Exhibit 10.35
2ND TERRACE WEST, CENTREVILLE
P.O. BOX N-7755
NASSAU, BAHAMAS
TEL. (242) 326 2150
FAX. (242) 326 2151
April 17, 2007
Board of Directors
Moscow CableCom Corp.
590 Madison Ave 38th Floor
New York, NY 10022
Re: | Moscow CableCom Corp. |
Dear Board of Directors of Moscow CableCom Corp.:
This is a guarantee by Renova Industries Ltd., of the commitment of Renova Media Enterprises Ltd., on behalf of itself and its affiliates (collectively, Renova Media) set forth in that certain letter dated April 17, 2007, to you (the Commitment Letter).
If Renova Media does not provide sufficient funding to Moscow CableCom Corp (MOCC) and/or its subsidiaries to ensure that its operations will continue uninterrupted for a period of one year from the Companys filing with the SEC of its Form 10-K for the period ending December 31, 2006 as required by the Commitment Letter, then MOCC may request in writing that Renova Industries Ltd. provide such funding. Within ten (10) days after receipt of such written request, Renova Industries Ltd. shall provide such funding to MOCC.
The guarantee provided in this letter shall expire one year from the date MOCC filed with the SEC its Form 10-K for the period ending December 31, 2006.
Renova Industries Ltd. | Moscow CableCom Corp. | |||||||
/s/ Marco Montanari | /s/ Andrew M. OShea | |||||||
By: | By: | |||||||
Name: | Marco Montanari | Name: | Andrew M. OShea | |||||
Title: | Director | Title: | Secretary |