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The agreement between the Government of the Republic of Uzbekistan and the Government of the Russian Federation on cooperation in creation and activities of limited liability company "The Uzbek-Russian joint business "UZROSAVIA"

of March 7, 2007

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

being guided by the Contract on bases of the interstate relations, friendship and cooperation between the Republic of Uzbekistan and the Russian Federation of May 30, 1992, the Agreement between the Government of the Republic of Uzbekistan and the Government of the Russian Federation on production and scientific and technical cooperation of the companies of defensive industries of January 26, 1994, the Agreement between the Republic of Uzbekistan and the Russian Federation on the principles of mutual technical and material security of their armed forces of March 2, 1994, the Agreement between the Government of the Republic of Uzbekistan and the Government of the Russian Federation on military and technical cooperation of July 27, 1995, the Agreement between the Government of the Republic of Uzbekistan and the Government of the Russian Federation on control of product quality delivered for Armed Forces of the Republic of Uzbekistan and the Armed Forces of the Russian Federation of July 27, 1995 The contract between the Republic of Uzbekistan and the Russian Federation on further deepening of full cooperation in military and military and technical areas of December 11, 1999, the Contract on strategic partnership between the Republic of Uzbekistan and the Russian Federation of June 16, 2004, the Agreement on the allied relations between the Republic of Uzbekistan and the Russian Federation of November 14, 2005,

aiming to keep and develop traditionally developed scientific and technical, production, commercial and financial communications between the Uzbek and Russian companies and the organizations,

considering importance of further integration and more effective use of potential, scientific and technical and investment potential, and also high level of cooperation communications of industrial complexes of Uzbekistan and Russia,

agreed as follows:

Article 1

The parties promote creation of the Uzbek-Russian joint business on repair of helicopters of the Mi-24 Mi-8, types and their modifications based on affiliated enterprise of "Tashkent Aviation Production Association of V. P. Chkalov" State joint-stock company "Chirchiq aircraft mechanical-repair factory" in the form of limited liability company "The Uzbek-Russian joint business "UZROSAVIA" (further - the Company) according to the foundation agreement (with the location and registration to Chirchiq, the Tashkent region, the Republic of Uzbekistan).

The company is created for implementation of business activity on carrying out repair of helicopters of the Mi-24 Mi-8, types and their modifications, completions (upgrade) of the helicopters and their systems provided by bulletins of the industry, other design technical documentation and other repair work and services according to constituent documents or as agreed by the parties, mainly for the benefit of Armed Forces of the Republic of Uzbekistan, and also as agreed by the parties for the benefit of other states.

The company acquires the rights of the legal entity from the moment of state registration in the Republic of Uzbekistan. It has the right to sign on its own behalf contracts (contracts), to acquire the property and personal non-property rights and to perform duties, to be claimant and the defendant in court of law, arbitral and arbitration courts.

The company performs the activities according to this agreement, the legislation of the Republic of Uzbekistan, the foundation agreement and the charter of the company, and also international treaties of the states of the Parties.

Article 2

Authorized bodies of the Parties on accomplishment of provisions of this agreement are:

from the Uzbek Side - the Ministry of Economics and the Ministry of Defence of the Republic of Uzbekistan;

from the Russian Side - Federal Service for Military-Technical Cooperation and Federal agency on the industry.

Article 3

Participate in creation of the company:

from the Uzbek Side - "Tashkent Aviation Production Association It V. P. Chkalova" State joint-stock company and the State company "Uzmakhsusimpeks";

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