CONTRACT ON DELIVERY

                       Of Printed Production # 05-02/00-p

Novosibirsk                                                   February 10, 2000

Limited liability company [Top-Kniga]  hereinafter named as [The Vendor], in the
person of General Director Lyamin Georgii Aleksandrovich, acting on the basis of
the  Charter,  on  one  part,  and  ZAO  [OXIRIS],  hereinafter  named  as  [the
Purchaser],  in the person of General Director Dolgov V. A., acting on the basis
of Power of Attorney,  on the other part, have concluded the present Contract on
the following:

                           1. SUBJECT OF THE CONTRACT

         1.1. The Vendor  undertakes to transfer into the  proprietary  right of
the Purchaser  printed  production named hereinafter as goods, and the Purchaser
undertakes to accept it and pay for it in an amount and within a period of time,
as foreseen by the present contract.

         1.2. Assortment,  quantity  and  price of the goods  are  indicated  in
invoices, which are inherent parts of the present contract.

                       2. PRICE AND SETTLEMENT PROCEDURE

         2.1. Prices for the goods are  determined  by the Vendor on his own and
indicated in invoices.

         2.2.  Payment  for the goods is  performed  in  rubles  of the  Russian
Federation.  As the date of  payment,  one  should  consider  either the date of
entering of money  resources into the Vendor  settlement  account or the date on
the cash credit - order.

         2.3. The Purchaser  performs payment for the goods within the period of
time as follows:

         - Pre-payment 100 %.

         The parties for each delivery of goods may additionally  agree terms of
         payment.

         2.4. Any form of payment is allowed, including mutual reckoning.

                             3. DELIVERY CONDITIONS

         3.1. The delivery of goods is implemented: - in case of delivery within
one city - in the Vendor's warehouse,  by self - delivery; - in case of delivery
to another town, the date of transferring the goods to either transport  company
-  conveyer  or  organization  of  communication  is  considered  as the date of
delivery;

         the statement of goods delivery is signed by both parties and stamped.
         3.3.  Transfer of risk of casual  destruction  or damage is established
since the moment of goods reception at the Vendor's warehouse or since moment of
goods  transfer  by  the  Vendor  to  transport   company  or   organization  of
communication for sending.

         3.4. Acceptance of the goods in respect of quantity is performed either
in the Vendor's  warehouse or at the moment of goods  reception from a Transport
Company. While transferring the goods in package or in packing,  checking of the
package  contents  is not  performed  at the place of  transferring  the  goods.
Checking  the  quantity  and  quality  of goods  with  opening  the  package  is
implemented  in a manner and within the period of time, as  established by valid
instructions # P-6 of 15.06.65,  # P-7 of 25.04.66.  Of all drawbacks  revealed,
The  Purchaser  informs the Vendor in written form within the period of time, as
established by above - mentioned instructions.

         3.4. Certification of the goods is within the Vendor's  responsibility.
The  quality  of  goods  should   correspond  to  valid  normative  -  technical
documentation for this branch of activity in Russian  Federation.  The defective
goods is subject to be  exchanged  or to be re - accounted in respect of payment
sums, if the rejects were formed not through the Purchaser's fault.

         3.5.  The  Vendor  transfer  to the  Purchaser  the  goods  in  package
corresponding to goods safety and other conditions,  as required for storage and
shipment.

                        4. RESPONSIBILITY, FORCE MAJEURE

         4.1.  For  infringement  of item  2.3.  of the  present  contract,  the
Purchaser  pays forfeit in an amount of 0.5 % of the sum of payment  delayed per
each  calendar  day of delay.  The  payment of  forfeit  does not  release  from
execution of the commitments in accordance with the contract.

         4.2. In case of  inopportune  (within more than 3 days since the moment
of reception of information  from the Purchaser)  exchange of defective goods or
payment re - calculation,  the Vendor pays to the Purchaser forfeit in an amount
of the value of the defective goods.

         4.3.  In other  respects  not  foreseen by the  present  contract,  the
parties bear  responsibility  in accordance  with the valid  legislation  of the
Russian Federation.

         4.4.  The  arguments in  connection  with the contract are settled in a
voluntary manner, and in case of failure to reach an agreement - in the Court of
arbitration at the whereabouts of respondent.

         4.5. The parties are  released  from mutual  responsibility  in case of
approaching  circumstances  of  force -  majeure,  namely:  natural  calamities,
accidents  or  transport  strike,  military  actions,   legislative  regulations
preventing the contract from being executed. Each party immediately notifies the
other party on the approach of such circumstances or cessation thereof.  In this
case,  execution  in  accordance  with the  contract  suspends for the period of
validity of force - majeure circumstances.

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                 5. TERM OF CONTRACT VALIDITY. OTHER PROVISIONS

         5.1. The  contract  comes into force since the moment of signing and is
valid till December 31, 2000 or to the final settlement of parties. The contract
is considered as  prolonged,  if none of the parties  informs in written form on
the intention to cancel the contract. The contract may be canceled in unilateral
manner 30 days before the cancellation date supposed,  after execution of mutual
settlements in respect of deliveries.

         5.2. The contract is  considered  as concluded and is valid in the form
of facsimile copy having necessary signatures and seals on a condition, that the
original will be further sent to The Vendor by post within 3 days.

         5.3. The parties  undertake  to inform each other on requisite  changes
within 3 days. Losses caused by non - execution of this provision are completely
indemnified to the party, which has incurred them.

         5.4.

ADDRESSES, BANK DETAILS AND SIGNATURES OF PARTIES
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THE VENDOR:                                           THE PURCHASER:
-----------                                           --------------
<S>                                                   <C>
OOO[TOP-Kniga]                                        ZAO[OXIRIS]
Novosibirsk - 8,                                      legal address:  117802,  Moscow,  Nauchny passage,
K. Libknekht street, 125                              building 12
settlement account 40702810544050180176               settlement account 40702810700030000049
in Novosibirsk bank CB RF                             in KB[Evrozapsibbank], Moscow
Novosibirsk                                           correspondent account 301018100000000726
BIK 045004641                                         BIK 044585726
correspondent account 30101810500000000641            INN 7706200205
INN 5405164630                                        OKONKh code 71100, 71200, 71500
OKONKh code 71500                                     OKPO code 51260913
OKPO code 41373724                                    postal address: Moscow,. Nauchny passage, 117802,
postal   address:   630117,                           Novosibirsk,   Arbuzov  building 12, office 28
street, 1 / 1                                         telephone 334 44 11
tel. / fax: 36 - 10 - 26                              fax 937 50 60

General director of                                   General director of
OOO[Top - kniga]                                      ZAO[OXIRIS]
(Lyamin G. A.)                                        (Dolgov V. A.)
(Signature)                                           (Signature)
(Seal)                                                (Seal)
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