Entry payment — side letter between Voinova and Fedorov
Private agreement between two individuals · not a corporate document · not filed with any authority · draft
Kept privately between the parties, referring to share sale entry (the notarial deed) without forming any part of it. This letter records the payment actually made between the parties for the entry stake — a receipt fixing the real price behind the deed's recital. It is not delivered to the Notary, not submitted with the deed, and not part of the notarial file or any document handed to the Notary. Nothing attaches to the shares themselves: they are the Buyer's outright, and no repayment or re-transfer arises on any exit (president director §8 — no buyout, no buyback).
Operative text
SIDE LETTER — ENTRY PAYMENT RECEIPT
This letter is made on 31 August 2026 between:
ALISA VOINOVA, Russian citizen, holder of a Russian passport [number on file with the Company], residing in Russia (the "Seller"); and
OLEKSANDR FEDOROV, Ukrainian citizen, holder of a Ukrainian passport [number on file with the Company], of [address on file with the Company] (the "Buyer").
1. Receipt of payment. The Seller acknowledges having received from the Buyer the sum of USD 40,000 (forty thousand United States dollars) as the consideration agreed between the parties personally for 80 (eighty) shares in PT. CYBER VALLEY ESTATE, being 1% of the issued capital of 8,040 shares (the "Entry Shares"). This letter is a valid receipt for that sum.
2. Relationship to the notarial deed. The number of Entry Shares is the number stated in the notarial deed — 80 (eighty) shares. This letter governs the price: the sum in paragraph 1 is the amount actually paid between the parties for those shares, and it is full and final — nothing further is owed by either party for the Entry Shares, and no repayment or re-transfer obligation attaches to them, whatever office the Buyer later holds or leaves.
3. Scope. This letter covers the Entry Shares only. Shares acquired by the Buyer under the option package in president director §6, and equity earned under the KPI ladder in president director §7, are outside this letter and are governed by their own terms.
4. Confidentiality. The parties keep the terms of this letter confidential, save where disclosure is required by law or by a competent authority.
5. Governing law and disputes. This letter is governed by the laws of the Republic of Indonesia. Disputes are settled by good-faith negotiation and, failing agreement within 30 days, by arbitration under BANI rules, seat Bali, in English, and the Denpasar District Court (Pengadilan Negeri Denpasar) for enforcement of the award and for interim relief.
6. Counterparts. This letter may be signed in counterparts, each of which is an original, together forming one instrument.
ALISA VOINOVA __________________ OLEKSANDR FEDOROV __________________