Of buying and selling of untenantable premises

Taganrog, Rostov region.

The fourth of November nineteen ninety-five.

The joint-stock company of productive-commercial en­terprise "Sotsium", represented by KHREBTOVA Raisa Romanovna, acting by power of attorney № 387-72, dated 02.11.1995. and on the grounds of the Charter and trans­actions of the founders of the assembly of the JSC of closed type "Sotsium" № 387-73 dated 30.10.1995, hereinafter referred to as "SELLER" and ZABOLOTNI Boris Romano-vich, residing in Vishnyovaya st., 54/1, apt. 77, Taganrog, hereinafter referred to as "PURCHASER" have entered this contract about the following:

The "SELLER" has sold and the "PURCHASER" has bought a built-in untenantable premises, having actual useful space of 93.9 square metres on the ground floor marked by "A" type, situated in Mendeleyev st., 14, Taganrog.

The alienable premises belong to the "SELLER" on the grounds of contract № 74 dated 19.07.1994 between Property Control Committee of Taganrog and JSC "Sotsium", and on the grounds of assignation act № 74 dated 5.08.1994, which is also confirmed by the reference of Taganrog Technical

Inventory Bureau dated 26.10.1995 № 5-57-5 and is sold to the "PURCHASER" FOR 5,000,000,000 (FIVE BILLION) rubles, paid by the "PURCHASER" to the "SELLER" com­pletely before entering this contract.

Inventory value of the untenantable premises makes 23.506.569 (twenty three million five hundred and six thousand five hundred and sixty nine) rubles according to the reference of Taganrog TIB № 5-57-5, dated 26.10.1995.

3. SPECIAL CONDITIONS OF THIS CONTRACT:

Re-planning of rooms and changing of functions is permitted and possible within the limits of laws currently in force.

Proprietor of the object of buying and selling or of its part has no right to hinder exploitation and repairs of rooms or buildings adjoining the purchased ones (common entrance, common communications).

If the property purchased is alienated the conditions of this contract (issue 3) must be included into the contract of alienation without any changes. Otherwise registration of such a contract by the state registration bodies will be invalid.

All the expenses connected with conclusion of this contract are to be covered by the "PURCHASER".

Before this contract the alienable property has not been sold, mortgaged, under dispute or arrest.

A copy of this contract is kept at the office of ILYA-NOVA Т. M., notary, Taganrog, Rostov region, another copy is given to the "PURCHASER".

SIGNATURES: Khrebtova Raisa Romanovna

Zabolotni Boris Romanovich

November 4, 1995 this contract is certified by me, ILYA-NOVA Т. M., notary, Taganrog, Rostov region.

The contract was signed in my presence. The identity of those who signed it and legality of JSC "Sotsium" as well as proxy of its representative and the fact of belonging of the alienable premises is proved.

This contract is to be registered in the Technical Inventory Bureau of Taganrog.

It is registered. Entry № 6018
Paid according to tariff notary — 705.197 rub.
SEAL Notary (signature)

This document is registered in Taganrog Technical

Inventory Bureau

Recorded 13.11.1995

Entry № 11

Signature (signature)

SEAL

June 29, 1999. I, the undersigned ISAKOVA N. V., notary, Taganrog, Rostov region, testify that this copy is true.

Any erasures, additions, crossings out or other such amendments in the original of this document were not found.

It is registered. Entry № 5138

Paid according to tariff notary 4-00 rub.

Notary (signature).

SEAL