Rules

RULES FOR HOLDING HOMES OVERSEAS RUSSIAN AWARDS

The Awards are held in accordance with the following Rules

1. Organizer of the Awards

The Awards are organized by OOO “LUX MEDIA”, founder of the Russian edition of Homes Overseas magazine. The Organizer has an exclusive right to accept competition entries, define members of the Jury, engage sponsors, information partners, suppliers of goods and services in behalf of the Awards.

2. Participants of the Awards

Residential estates situated outside of the Russian Federation, either ready-built or at the stage of construction or designing, that have a documents confirming legal estate in the land, construction license and a development plan approved by state authorities and in which as of 01.02.2010 real estate is being sold (hereafter the Projects) can be nominated to the Awards.

The Project can be nominated to the Awards by a legal entity immediately implementing the Project, which possesses a construction license (hereafter the Developer), as well as any legal entity or individual specifically authorized by the Developer or having an agent or other agreement with the Developer (hereafter the Representative).

The Applicant can submit applications for any number of nominations, but within each of them he can submit no more than one Project.

The sponsoring companies cannot be Applicants in sponsored nominations.

3. Jury of the Award

Decisions related to selection of the Projects and adjudging of the Awards shall be made by the Jury, the members of which are recognized experts in the sphere of foreign properties, representatives of the Organizer and the sponsors. The Jury shall independently define criteria for Projects evaluation and decision-making procedure. In case one of the Jury members is an employee of one of the nominated companies, such member of the Jury shall not have a voting right within a certain nomination.

The Jury shall have the right to request any additional information not stipulated by the Rules and the application form from the Applicants, however, provision of such information cannot serve as a condition for decision-making.

The Jury’s decisions are conclusive and shall not be subject to revision, no appeals shall be accepted.

4. Submitting an application to the Awards

The applications for participation in the Awards shall start on 24.11.2009. The list of nominations, electronic form of the application, members of the Jury, as well as the present Rules shall be placed at the Awards’ website www.homesoverseas.ru/awards. The application can be submitted electronically, given to an authorized representative of the Organizer or sent to the Organizer to the address: Homes Overseas Magazine, 3 bldg. 1 Polkovaya st., 127018 Moscow

Applications received by the Organizer until 01.02.2010 shall be allowed to participate in the Awards. Upon the Organizer’s decision this deadline can be postponed, but for not more than 15.02.2010 inclusive.

The Organizer reserves the right not to allow the Project to participate in the Awards in the following cases:

- if the Applicant fails to provide the Organizer by 15.02.2010 with the copies of a documents confirming legal estate in the land, construction license and a development plan approved by state authorities, translated into Russian or English and notarized.

- if the Applicant being the Representative by 15.02.2010 fails to provide the Organizer with the documents confirming his authorities or contractual relationship with the Developer.

- if the application includes knowingly false information. The Organizer reserves the right to undertake any legal actions to verify the information submitted by the Applicant.

The information contained in the application, in the construction license, development plan, as well as information provided upon the Jury’s request shall be considered public and can be passed by the Organizer and members of the Jury to third parties or to general public without limitation.

By submitting an application to the Awards, the Applicant thereby expresses his full consent with the present Rules and the list of the Jury members.

5. Selection of nominees

From the Projects admitted for participation in the Awards by the Organizer, the Jury shall by 01.03.2010 inclusive choose three to five best Project within each nomination, each of which shall be adjudged a Nominee title. The list of Nominees shall be published at the Awards’ website www.homesoverseas.ru/awards, as well as in Home Overseas magazine.

Shall the Jury fail to choose from the Projects submitted to a specific nomination at least three best ones, the nomination shall be cancelled, and the applications declared void.

The Nominee shall pay the Organizer an organizational fee for further participation in the Awards in the amount defined by the Organizer – 58 000 Rubles for RF residents and 1400 Euro for non-residents of the Russian Federation for participation in every nomination (VAT is not included). Shall the Nominee fail to pay the organizational fee by 22.03.2010, the Organizer shall have the right to exclude the Nominee from further participation in the Awards.

6. Results of the Awards and adjudging Prizes

The following Prizes of the Awards are established:

- “Golden Prize” and Homes Overseas Russian Golden Award diploma

- “Silver Prize” and Homes Overseas Russian Silver Award diploma

- “Bronze Prize” and Homes Overseas Russian Bronze Award diploma

Decision on adjudging Prizes to Nominees shall be made by the Jury by 07.04.2010. The Jury’s decisions shall be announced in the course of a Gala Dinner held not later than on 30.04.2010 and shall remain confidential until that time. The Prizes shall be handed out to their winners directly in the course of the Gala Dinner, and the Diplomas shall be given within 30 days thereafter.

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