may, after the date of this Agreement, from time to time be amended, supplemented or re-enacted and any subordinate legislation made under such statutory provision; 3 (d) references to "Clauses" are to clauses of this Agreement; and (e) words denoting the singular shall include the plural and vice versa and words denoting any gender shall include all genders. 1.3 The headings in this Agreement are inserted for convenience only and shall not affect its interpretation or construction. 2. Joint Cooperation to Further Business. 2.1 Subject to Applicable Law, fiduciary duties and obligations, the best interests of their respective customers, existing contractual agreements, business and market conditions, the protection of confidential or competitively sensitive information and commercial determinations as to appropriate business, product and marketing efforts, each of Otkritie and QIWI Group agree to strategically cooperate with each other in order to carry out certain joint projects related to certain areas of their respective businesses, including by virtue of establishing the Steering Committee described further herein. 3. Steering Committee. 3.1 The Parties shall form a steering committee (the "Steering Committee"), which shall analyse and develop potential areas of strategic cooperation between the Parties and oversee the Parties' cooperation in these areas. 3.2 The Steering Committee shall consist of three representatives of QIWI Group and three representatives of Otkritie (each, a "Committee Member"). The representatives shall include: (a) at least one representative from Otkritie occupying the position of Chief Executive Officer or the Chairman of the Management Board orsimilar within Otkritie Holding JSC, PJSC Khanty-Mansiysk Bank Otkritie or JSC Bank Otkritie Financial Corporation; and (b) QIWI's Chief Executive Officer. Each of Otkritie and QIWI Group shall have the exclusive right to remove and replace any of its designees to the Steering Committee at any time by notice to the other party. 3.3