Share Retention Agreement

“CONTRACTING PARTIES” means all signatories to this Agreement collectively (each is referred to as the “Contracting Party”). The Company has obtained extensions from shareholders listed in Schedule 3.5 for each share reserve agreement, copies of which have been provided to ———— investor (the “Hold Agreements”). `hedging transaction` means any agreement or security intended or intended to offset or reduce the risk of price fluctuations or decreases in the prices of equivalents of ordinary shares or securities that may be converted into ordinary share equivalents, and a cover covers the sale of a covered call, the purchase of a put or collar, the conclusion of a forward sale contract and the purchase or sale of other securities or transactions which correspond to the interests of the holder or participant, if any, and those of the other shareholders of the company. This is the refinancing of the former mechanism of the Industrial and Commercial Bank of China Ltd (“ICBC”), under which Petropawlovsk was the guarantor of the IRCs. Following the approval of Petropavlovsk shareholders at a general meeting on March 12, 2019, the commitments of Kimkano-Sutarsky Mining and Beneficiation Plant LLC (“K&S”, on March 19, 2019, a first resort to a new $240 million facility by K&S. Change of control was made under two new installation agreements, largely identical, with Gazprombank. The deadlines for putting on the criminal are immediate. “beneficial owner” means, in respect of each ordinary share equivalent, any person who, directly or indirectly, has or shares, through a contract, agreement, understanding, relationship or otherwise, a direct or indirect financial interest in that equivalent of ordinary shares, subject to the following conditions: Petropavlovsk PLC (“Petropavlovsk” or “the Company”) and CRI Limited (“CRI”), a producer and developer of industrial raw materials; of which the company is a significant shareholder (31.1%), have entered into a share hold agreement containing certain agreements in favour of JSC Gazprombank (“Gazprombank”) regarding the company`s stake in CRI. .

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