Exhibit10.50

Limited Liability Company‘‘Promyshlenno-finansovayakompania’’(LESSOR)

and

ZAO‘‘CTCNETWORK’’(LESSEE)

PRELIMINARYCONTRACT ON CONCLUSION OF AGREEMENTS#

Cityof Moscow

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TABLE OFCONTENTS

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| 1.  |  |  | TermsandDefinitions                                                                     |  |  |  |  | 3  |  |
| 2.  |  |  | Subject-Matterof Contract and Term ofContract                                           |  |  |  |  | 3  |  |
| 3.  |  |  | TheLessor’sObligations                                                            |  |  |  |  | 4  |  |
| 4.  |  |  | TheLessee’sObligations                                                            |  |  |  |  | 6  |  |
| 5.  |  |  | CoordinationProcedure for the Working Project and Conduction of the Lessee’sWorks |  |  |  |  | 7  |  |
| 6.  |  |  | Insurance                                                                               |  |  |  |  | 8  |  |
| 7.  |  |  | Executionof the Lease Agreement and the ParkingAgreement                                |  |  |  |  | 9  |  |
| 8.  |  |  | SecurityDeposit                                                                         |  |  |  |  | 12 |  |
| 9.  |  |  | VAT                                                                                     |  |  |  |  | 13 |  |
| 10. |  |  | Refusalof Contract Execution. Liability of theParties                                   |  |  |  |  | 13 |  |
| 11. |  |  | Procedureof DisputeResolution                                                           |  |  |  |  | 15 |  |
| 12. |  |  | ConfidentialInformation                                                                 |  |  |  |  | 15 |  |
| 13. |  |  | Notices                                                                                 |  |  |  |  | 16 |  |
| 14. |  |  | OtherProvisions                                                                         |  |  |  |  | 16 |  |
| 15. |  |  | LegalAddresses, Bank Requisites and Signatures of theParties                            |  |  |  |  | 17 |  |
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| ScheduleNo.1   |  |  | DEFINITIONS                                                                                                                       |  |  |  |  | 18 |  |
| ScheduleNo. 2  |  |  | FLOOR PLANS OF THEPREMISES                                                                                                        |  |  |  |  | 20 |  |
| Schedule No.3  |  |  | DESCRIPTION OF THE PREMISES AND OF THE BUILDING AT THE MOMENTWHEN THE PREMISES ARE ‘‘READY FORFINISHING’’ |  |  |  |  | 28 |  |
| ScheduleNo. 4  |  |  | REQUIREMENTS TO THE BUILDING AND THE PREMISES AT THEBUILDING START-UP DATE IN ACCORDANCE WITH PARAGRAPH 3.7 HEREOF                |  |  |  |  | 30 |  |
| Schedule No. 5 |  |  | FORM OF THEACT OF ACCESS                                                                                                          |  |  |  |  | 42 |  |
| Schedule No.6  |  |  | LIST OF SERVICES NECESSARY FOR CONDUCTION OF THELESSEE’S WORKS IN THEPREMISES                                               |  |  |  |  | 43 |  |
| Schedule No.7  |  |  | LEASE AGREEMENTDRAFT                                                                                                              |  |  |  |  | 45 |  |
| Schedule No.8  |  |  | COMPOSITION OF THE WORKINGPROJECT                                                                                                 |  |  |  |  | 46 |  |
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PRELIMINARY CONTRACT ON CONCLUSION OFAGREEMENTS

THE PRESENT PRELIMINARY CONTRACT ON CONCLUSION OFAGREEMENTS (hereinafter referred to as the‘‘**Contract**’’) is executed inMoscow, Russian Federation on November         , 2006between:

Limited Liability Company‘‘Promyshlenno-finansovaya kompania’’(hereinafter referred to as the‘‘**Lessor**’’), a legal entityorganized and existing under the laws of the Russian Federation,certificate Series 77 # 000662507 of state registration under No.1027731004861, issued on October  15,  2002 by the Ministryon taxes and levies of the Russian Federation, located at 23, OsennyBoulevard, Moscow, represented by the General Director, Mr.Rasskazov  Nikolay  Nikolaevitch, acting on the basis ofthe Charter, on the one hand, and

Closed joint-stockcompany ‘‘CTC Network’’ (hereinafterreferred to as the‘‘**Lessee**’’), a legal entityorganized and existing under the laws of the Russian Federation,certificate Series 77 # 004890113 of state registration under No.1027700151852, issued on August  23,  2002 by the Ministryon taxes and levies of the Russian Federation, located at 12,3rd Khoroshevskaya ul., Moscow, represented by Mr.Alezandr  Efimovich  Rodnyansky, acting on the basis of theCharter, on the other hand,

(hereinafter the Lessor andthe Lessee can be separately referred to as the‘‘**Party**’’ and jointly— as the‘‘**Parties**’’).

Herebythe Parties have agreed as follows:

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| 1.  | Terms andDefinitions |

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| 1.1.  | Definitions of theterms used in the present Contract are contained in Schedule 1 heretoor in the texts of the Lease Agreement and Parking Agreement. |

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| 1.2.  | Unless otherwise provided in thetext hereof, in the present Contract: |

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|  | 1.2.1.  | references to numbers ofarticles, sections, paragraphs and schedules shall mean references tothe corresponding articles, sections, paragraphs and scheduleshereof; |

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|  | 1.2.2.  | an obligation of aParty not to commit an action or not to omit an action shall includethe obligation to prevent any third parties from such actions oromission of such actions; |

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|  | 1.2.3.  | numeration, titles of thearticles, sections, paragraphs and schedules hereof are usedexclusively for convenience and do not affect interpretation of sucharticles, sections, paragraphs and schedules; |

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|  | 1.2.4.  | unless otherwise is provided forin the present Contract, a ‘‘day’’ shallmean a calendar day. |

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| 2.  | Subject-Matter of Contract and Termof Contract |

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| 2.1.  | The Parties haveconcluded the present Contract relying on the following: |

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|  | 2.1.1.  | The Lessor is the investor ofconstruction of the Building according to the Investment Contract withOOO ‘‘Rybstroyinvest’’ (hereinafter— the‘‘**Developer**’’). |

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|  | 2.1.2.  | The Developer constructs theBuilding on the basis of the Resolution of the Government of Moscow No.372-ПП ‘‘On projection and construction ofa multifunctional complex with an office part and parking at KrylatskyeHolmy in front of vladenie 1-3 (western administrativedistrict)’’ dated May  20,  2003, theAgreement on Lease of the Land Plot and the ConstructionAuthorization. |

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|  | 2.1.3.  | ZAO‘‘MonolitKapitalStroy’’ is the GeneralContractor of the construction of the Building. |

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|  | 2.1.4.  | In accordance withthe provisions of the Investment Contract, the Building shall be putinto service not later than December  30,  2007 and afterthis date the ownership right to the Building and all its premises,including the Premises, shall be registered in the Lessor’sname. |

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|  | 2.1.5.  | Upon termination ofconstruction, the Building shall serve as a high-class business center. |

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| 2.2.  | Subjectto terms and conditions agreed by the Parties and specified in Article7, the Lessor and the Lessee shall conclude the Lease Agreementaccording to which the Lessor will grant the Lessee, subject topayment, for temporary holding and use, and the Lessee will accept forsuch use non-residential premises located on 13 (thirteen) floors from14 to 25 floors inclusive excluding a part of the 20thfloor, and marked with green color on the floor plans contained inSchedule 2 hereto (hereinafter — the‘‘**Premises**’’). The Partiesconfirm that the above information on the Premises allows to determinewith certainty the property to be transferred to the Lessee as thelease object under the Lease Agreement. |

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| 2.3.  | Total construction area of thePremises shall constitute approximately 11,568 (eleven thousand fivehundred and sixty eight) square meters. Upon termination of theconstruction of the Building the area of the Premises will be adjustedin accordance with the data ofBTI*, and on the basis of these data the Leased Area of the Premises,Rent, Payments for Utility and Maintenance Services shall be calculatedfor the purposes of the Lease Agreement. Simultaneously with signing ofthe Lease Agreement the Parties shall conclude the Parking Agreement.The Parties shall agree on provisions of the Parking Agreement afterexecution hereof and shall execute it as an additional agreement heretonot later than February  1,  2007. For this purpose theParties shall cooperate. The maximum number of parking places to beprovided by the Lessor to the Lessee under the Parking Agreement shallbe 167 (one hundred and sixty seven) places (hereinafter — the‘‘Maximum Number of Places’’), which shallconstitute an essential term of the Parking Agreement. |

The exact price of the Lessor’s services under theParking Agreement shall be determined after the Lessee has decided onthe exact number of parking places consisting of fixed and non-fixedparking places, whereby:

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|  | 2.3.1.  | theLessee may use not more than 47 (forty seven) places, for use of which250 (two hundred fifty) Conventional Units per month for each fixedplace of the Lessee on the 2nd floor of the Building will becharged; |

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|  | 2.3.2.  | the Lessee may usenot more than the Maximum Number of Places for 225 (two hundred twentyfive) Conventional Units per month for each non-fixed place of theLessee on the 3rd and 4th floors ofthe underground parking of the Building. |

Therefore thesum of places stipulated in paragrpaphs 2.3.1. and 2.3.2. shall notexceed the Maximum Number of Places.

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| 2.4.  | The Parties also agree to fulfillwith respect to each other certain additional obligations expresslyprovided for in the present Contract. |

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| 2.5.  | The present Contract shall come intoforce upon its execution by the Parties and shall continue in forcetill July  1,  2010 (hereinafter — the‘‘**Term of the Contract**’’).The present Contract may be terminated before expiration of the Term ofthe Contract on the grounds provided for in the present Contract or bythe effective laws. Hereby the Parties agree that execution of theLease Agreement and the Parking Agreement by the Parties shall mean dueperformance thereof by the Parties with respect to fulfillment of theobligations specified in paragraphs 2.2., 2.3. and 7.3. of the Contractand shall result in termination thereof with respect to suchobligations, whereby certain separate obligations of the Partiesexpressly provided for in the present Contract may continue to existafter execution of the Lease Agreement and Parking Agreement by theParties. |

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| 3.  | The Lessor’sObligations |

The Lessor shall be obliged to:

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| 3.1.  | comply with all obligations of theinvestor under the Investment Contract. The Lessor shall promptlynotify the Lessee of all cases of breaches of the Investment Contractby any of its parties, if in the Lessor’s reasonable opinionsuch breach may impede due termination of construction of the Building,putting of the Building in service, registration of the Lessor’sownership right to the |

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| * | BTI— Technical Inventory Bureau (translator’snote) |

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|   | Building or to the Premises or fulfillment ofthe Lessor’s obligation hereunder. The Lessor shall promptlynotify the Lessee of termination of the Investment Contract beforeputting the Building in service and of all amendments, additions andmodifications of the Investment Contract. The Lessor shall provide theLessee with the effective edition of the Investment Contract at anytime throughout the Term of the Contract within 24 hours after receiptof the corresponding written request from the Lessor. |

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| 3.2.  | the Lessor shall promptly notify theLessee of all other events which in the Lessor’s reasonableopinion may impede due termination of construction of the Building,putting of the Building in service, registration of the Lessor’sownership right to the Building or to the Premises or fulfillment ofthe Lessor’s obligation under the Contract. In particular, suchevents include: suspension or annulment of the ConstructionAuthorization; annulment of the positive decision of the statecommission of experts with respect to the construction project of theBuilding entirely or in any part thereof; suspension or annulment(withdrawal) of the license of the Developer, general contractor ofconstruction of the Building; early termination of the Agreement on theLease of the Land Plot on which the Building is to be constructed. |

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| 3.3.  | provide all authorizations forconduction of corresponding works in accordance with the effective lawspermitting construction of the Building without any interruptionsthroughout the period of time starting on the day of execution hereofand ending on the date of the document permitting putting of theBuilding in service in accordance with the requirements of theeffective laws. |

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| 3.4.  | not later thanJune  30,  2007 notify the Lessee in writing of the exactdate of provision to the Lessee of access to the Premises in condition‘‘ready for finishing’’ for conduction ofthe Lessee’s Works. |

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| 3.5.  | notlater than December  31,  2007 provide the Lessee withaccess to the Premises in condition ‘‘ready forfinishing’’ for beginning of conduction of theLessee’s works. Detailed requirements to condition of thePremises and the Building at the moment of readiness of the Premises‘‘for finishing’’ are contained in Schedule3 hereto. Hereby the Parties agree that at the moment of provision tothe Lessee of the access to the Premises they shall correspond to thedescription contained in Schedule 3 hereto, except for paragraphs 3,5.1.2 and 5.7 (hereinafter — the‘‘**Requirements on the AccessDate**’’). The Lessor’s fulfillment of theobligation to provide the Premises in condition corresponding to theRequirements on the Access Date shall be confirmed by signing by theParties of an Act of Access which shall contain (1) description of theactual condition of the Premises at the moment of provision of theright of access to the Lessee; (2) all defects of the Building and thePremises discovered during inspection and the agreed terms of theirelimination by the Lessor, and (3) requirements to condition of theBuilding and the Premises which are not included into the Requirementsat the Access Date, but are contained in Schedule 3 and the terms forcompliance with such requirements by the Lessor. The Lessor shalleliminate all defects of the Building and the Premises discoveredduring such inspection in terms agreed by the Parties and specified inthe Act of Access and comply with all requirements to the Building andthe Premises not included in the Requirements on the Access Date andcontained in Schedule 3. Upon execution of the Act of Access by theParties the Lessor shall provide the Lessee’s authorizedrepresentatives with access to the Premises for conduction of theLessee’s Works 24 hours a day and 7 days a week throughout theperiod of time necessary for conduction of the Lessee’sWorks. |

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| 3.6.  | not later thanJanuary  31,  2008 notify the Lessee in writing of anapproximate date of putting of the Building into service upontermination of its construction. |

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| 3.7.  | in any case not later thanJune  30,  2008 ensure putting of the Building into serviceupon termination of its construction in accordance with allrequirements of the effective laws. Hereby the Parties agree that atthe moment of putting of the Building into service the Building and thePremises shall comply with all requirements contained in Schedule 4hereto. If for purposes of putting the Building into service isnecessary to change the Lessee’s Works already executed inconformity with the Working Project approved by the Lessor inaccordance with the provisions of Article 5 hereof, the Lessor shallconduct all necessary works at its own cost with engagement of thecontractor approved by the Lessee. |

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| 3.8.  | not laterthan October  31,  2008 provide registration of theLessor’s ownership right to the Building including the Premisesand deliver a notice of it together with a copy of the OwnershipCertificate to the Lessor. |

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| 3.9.  | not toenter in any transaction with any third parties with respect to thePremises, including not to dispose of, assign or encumber in any otherway its rights to the Building entirely or in any part arising from theInvestment Contract, except for conclusion of agreements similar to thepresent Contract with respect to premises in the Building other thanthe Premises and pledge of the rights from the Investment Contractand/or mortgage of the Building, and subject to a prompt written noticeof all such transactions to the Lessee; not to change or amend theInvestment Contract without first obtaining a written consent of theLessee if such changes or amendments of the Investment Contract mayresult in any breach of the Lessor’ obligations hereunder. Incase of pledge of the rights from the Investment Contract and/ormortgage of the Building, the Lessor shall obtain a written consent ofthe mortgagee to enter into the Lease Agreement on terms, specified inSchedule 7 hereto, before signing the corresponding mortgage or pledgeagreement and provide the Lessee with a notarized copy of suchmortgagee’s consent to the terms of the Lease Agreement. |

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| 3.10.  | promptly notify the Lessor inwriting of the following changes in composition of the Lessor’sshareholders: change in composition of the direct shareholders of theLessor existing on the date of execution of the present Contractprovided that such change of shareholders results in redistribution of30% (thirty percent) or more of the shareholdings in the chartercapital of the Lessor, and redistribution of the shareholdings in thecharter capital of the Lessor among its shareholders provided that suchredistribution regards 30% (thirty percent) or more of theshareholdings in the Lessor’s charter capital, and change ofbeneficial owners of legal entities who are shareholders of the Lessoron the date of execution of the present Contract regardless of whethersuch changes took place as result of one or more transactions, —throughout the Term of the present Contract. |

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| 3.11.  | submit in writing for theLessee’s approval all changes in the construction project of theBuilding which may result in modification of constructionalcharacteristics of the Building and the Premises agreed by the Partiesand contained in Schedule 4 hereto. |

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| 4.  | TheLessee’s Obligations |

The Lessee shall be obligedto:

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| 4.1.  | not later thanDecember  31,  2007 provide the Lessee with a certifiedcopy of the contractor’s agreement concluded by the Lessee forconduction of the Lessee’s Works. |

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| 4.2.  | within 6 calendar month aftersigning the Act of Access ensure at its own cost completion of all theLessee’s Works in the Premises in accordance with the WorkingProject. All expenses of the Lessee for drafting and approval of theWorking Project and conduction of the Lessee’s Works shall beaccounted for by the Lessee; the Lessee shall have the ownership rightto all results of the Lessee’s Works until those results of theLessee’s Works which are considered Inseparable Improvements inaccordance with provisions of the present Contract or the LeaseAgreement are transferred to the Lessor. |

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| 4.3.  | Upon termination of theLessee’ Works in the Premises by the Lessee and putting of theBuilding into service in accordance with provisions of paragraph 3.7hereof the Parties may sign a Report on Advance Payments from the dateof which the Lessee shall be obliged to make monthly advance paymentson account of the Rent, due in accordance with the Lease Agreement forthe first year of the Lease Term, and Payments for Utility andMaintenance Services as follows: |

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|  | 4.3.1.  | Advance monthly payments of theRent for the first year of the Lease Term shall be made in Rubles inamount equal to  1/12 (one twelfth) of the product of617.76 (six hundred seventeen point seventy six) Conventional Units forthe area of the Premises in square meters determined on the basis ofthe Lessee’s Working Project; |

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|  | 4.3.2.  | Advancemonthly payments of the Payments for Utility and Maintenance Servicesshall be in amount equal to  1/12 (one twelfth) of theproduct of 2,754 (two thousand seven hundred fifty four) Rubles for thearea of the Premises in square meters determined on the basis of theLessee’s Working Project. |

Advance paymentsprovided for in paragraphs 4.3.1 and 4.3.2 shall be made in equaladvance monthly payments not later than the 5th day of thepaid calendar month, and such monthly payments shall be increased forthe rate of the applied VAT. For calculation of payments for a periodless than one calendar month, it shall be deemed that any month isequal to 30 (thirty) days. Such payment shall be made throughout theterm beginning on the date of execution of the Report on AdvancePayments and ending on the date of execution of the Lease Term andTransfer Act. If the Parties sign such Report on Advance Payments, theParties agree that Schedule 7 hereto containing the terms of the LeaseAgreement agreed by the Parties shall be amended so that the Rent andthe Payments for Utility and Maintenance Services for the first year ofthe Lease Term shall be recalculated under consideration of thecorresponding advance payments adjusted in accordance with the LeasedArea and paid by the Lessee in accordance with this paragraph 4.3, andsuch advance payments shall be set off in equal amounts with theLessee’s obligation to pay the Rent and for Utility andMaintenance Services during the first year of the Lease Term.

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| 4.4.  | From the date of the Report onAdvance Payments till the date of the Transfer Act the Lessee shall bealso obliged to compensate to the Lessor on a monthly basis the chargesfor electricity actually consummated in the Premises, and suchelectricity charges shall be calculated on the basis of the actualreading of the meters installed by and at the Lessor’s cost inthe place agreed by the Parties after submission of the Working Projectby the Lessee to the Lessor, and on the basis of the rates of theMoscow Utility Service being the electricity supplier for the Building(hereinafter — ‘‘Compensation of ElectricityCharges’’). The Lessee shall pay the Compensation ofElectricity Charges on a monthly basis in accordance with the actualcosts for the past month within 10 (ten) Business Days after receipt ofa duly executed invoice from the Lessor. The Lessee shall have theright to demand from the Lessor presentation of documents relating tocalculation of the Compensation of Electricity Charges indicated in theinvoice received by the Lessor from the Moscow Utility Service beingthe electricity supplier for the Building and the document confirmingthe payment of such invoice by the Lessor. |

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| 4.5.  | If the Parties decide not to executea Report on Advance Payments, the Lessee shall not be obliged to makeany payments upon termination of the Lessee’s Works in thePremises. |

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| 5.  | Coordination Procedure for theWorking Project and Conduction of the Lessee’sWorks |

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| 5.1.  | Not later thanFebruary  1,  2007 the Lessee shall submit to the Lessor afinal project for conduction of the Lessee’s Works in thePremises together with other documents specified in Schedule 8 hereto(hereinafter — the ‘‘**WorkingProject**’’), and the Parties agree that the Lesseeshall have the right to change insignificantly the Working Projectduring the period beginning on February  1,  2007 andending on June  15,  2007. For purposes of this paragraph5.1 ‘‘insignificant changes’’ shall meansuch changes which (a) do not involve any changes of the constructionproject of the Building, and (b) do not involve anyadditional approvals of the State Authorities with respect to theconstruction project of the Building. After June  15,  2007no changes of the Working Project shall be allowed and the Lessor shallnot take them into consideration. The Lessor shall at its own cost andby its own means make all necessary changes in the construction projectof the Building and receive all necessary approval and authorizationsfrom the State Authorities, so that the Lessee could begin theLessee’s Works not later than the date of signing by the Partiesof the Act of Access and could conduct the Lessee’s Works inaccordance with the Working Project. |

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| 5.2.  | For purposesof preparation of the Working Project the Parties shall cooperate witheach other in bona fide, duly provide each other with all requiredinformation and documents relating to construction of the Building andits supply systems. If the Lessee provides the Lessor not later thanDecember  30,  2006 with a requirements specification onre-project and re-equipment of the emergency power-supply system of theBuilding based on the Lessee’s necessities, the Parties shallexecute an additional agreement hereto where they will determine therights and obligations of the Parties with respect to execution by theLessor of such re-project and re-equipment of the emergencypower-supply system of the Building and compensation by the Lessee alldocument supported expenses of the Lessor. |

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| 5.3.  | Not later than March  1,2007 the Lessor shall notify the Lessee in writing of theLessor’s approval of the Working Project and the changes of theconstruction project of the Building corresponding to the WorkingProject, so that the Lessee could have the possibility to begin theLessee’s Works not later than the date of signing by the Partiesof the Act of Access. If the Lessee fulfills the obligation providedfor above in paragraph 5.1 after February  1,  2007, thedate of fulfillment by the Lessor of the obligation provided for inthis paragraph 5.3 shall be postponed for the period of theLessee’s delay in fulfilling the obligation provided for inparagraph 5.1. |

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| 5.4.  | Within 6 (six)calendar months beginning from the date of signing of the Act of Accesstill termination by the Lessee of the Lessee’s Works, the Lessorshall provide the Services to the Premises, so that the Lessee couldconduct the Lessee’s Works, and provisions of such Services inthe Premises shall comply with the terms contained in Schedule 6hereto. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.5.  | The Lessee shallcompensate the Lessor expenses incurred by the Lessor in connectionwith fulfillment of its obligations provided for in paragraph 5.4 onthe amount of 1 275 (one thousand two hundred seventy five)Rubles for 1 (one) square meter of the area of the Premises,established on the basis of the Lessee’s Working Project, perannum. The Lessee shall compensate the Lessor’s expenses inaccordance with this paragraph by equal monthly advance payments notlater than the 5th day of the paid month on the basis of theinvoices duly issued by the Lessor and delivered to the Lessee notlater than the 1st day of the paid month, and monthlypayments for a complete month shall be equal to 1/12 (one twelfth) ofproduct of 1 275 (one thousand two hundred seventy five) Rublesand the area of the Premises established on the basis of theLessee’s Working Project; payments for a period which is not acomplete calendar month shall be effectuated on the basis of the numberof days in the paid month. |

|          |           |
|----------|-----------|
| 6.  | Insurance |

|            |                                                                                                                                                                                                                                                              |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.1.  | TheLessee shall ensure that the contractor conducting the Lessee’sWorks has a contract on insurance of its civil liability againstdamages caused to life and/or property of third parties within limitsof full recovery costs of the damaged property. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.2.  | The Lessee shall insure at its owncost its civil liability in cases of any damage caused to life and/orhealth with the liability limit not less than 1 000 000(one million) US dollars and any damage caused to property of thirdparties with the liability limit not less than 200 000 (twohundred thousand) US dollars which may arise as result of theLessee’s possession of the results of the Lessee’s Worksincluding all Separable and Inseparable Improvements as defined in theLease Agreement, upon termination of the Lessee’s Works andsigning by the Parties of the Report on Advance Payments. |

|            |                                                                                                                                                                                                                                  |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.3.  | Upon termination of theLessee’s Works the Lessee shall insure the Lessee’sfinishing in the Premises including all effectuated Separable andInseparable Improvements from all kinds of risks of damage ordestruction. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.4.  | Hereby the Partiesagree that insurance agreements provided for in paragraphs 6.2 and 6.3of this Article 6 (hereinafter — the‘‘**Insurance Agreements**’’)shall cover ‘‘all risks’’ usually insuredwith respect to similar objects. At the Lessor’s first writtenrequest the Lessee shall provide the Lessor with a notarized copy ofthe insurance contract (insurance police) concluded with an insurancecompany and confirming the Lessee’s compliance with itsobligation specified in paragraphs 6.2 and |

8

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|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 6.3 within 15 (fifteen) business days uponreceipt of the Lessor’s request, but not earlier than thebeginning of the Lessee’s Works. The Lessee shall not act orfail to act, so that any of the Insurance Agreements specified in thisparagraph (insurance polices) will become invalid or that insurancepremiums will be increased. The Lessee shall comply in all materialaspects with the provisions of the Insurance Agreements and with allreasonable requirements of the insurance companies includingrequirements to pay any increase of the insurance contribution, and theLessee shall inform the Lessor of occurrence of any insurance eventcovered by the Insurance Agreement and of any other events of whichinsurance companies shall be notified. |

|            |                                                                                                                                                                                                                                                                    |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.5.  | Insurance compensation paid to theLessee shall be immediately used by the Lessee to restore the finishingof the Premises or in corresponding cases to compensate damages causedto the Lessor or to the third parties as result of occurrence of aninsurance event. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.6.  | The Lessor shallensure that all contractors conducting construction of the Buildingand/or internal finishing works in its separate premises and parts haveinsured their civil liability for damage caused to life and/or healthand/or property of third parties within limits of full recovery costsof the damaged property, and shall include such requirement in allagreements according to which third parties by their own means and byusing the contractors have the right to conduct any construction orfinishing works in the Building. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.7.  | The Lessor shall provide at its owncost immediately after putting the Building into service as it isprovided in paragraph 3.7 hereof and maintain throughout the Term ofthe present Contract insurance for damages to the Building for the fullrecovery cost of the Building and insurance of the Lessor’scivil liability to the Lessee and third parties with the limit of civilliability for damages caused to life and/or health not less than1 000 000 (one million) US dollar and with the limit ofcivil liability for damages caused to the third parties property notless than 200 000 (two hundred thousand) US dollars. The Partiesagree that insurance agreements provided for in this paragraph shallcover ‘‘all risks’’ usually insured withrespect to similar objects. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.8.  | Atthe Lessee’s first written request, the Lessor shall provide theLessee a notarized copy of the insurance agreement (insurance police)with the insurance company confirming the Lessor’s compliancewith the provisions of paragraph 6.7 not later than 15 (fifteen)business days after receipt of the corresponding request. The Lessorshall not act or fail to act, so that any of the insurance agreementsspecified in this paragraph (insurance polices) will become invalid orthat insurance premiums will be increased. The Lessor shall comply inall material aspects with the provisions of such insurance agreementsand with all reasonable requirements of the insurance companies. |

|            |                                                                                                                                                                                                                                                                                                                        |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.9.  | If the Building or any part of theBuilding is damaged or destructed as result of the events against whichthe Lessor is obliged to conclude insurance agreements in accordancewith paragraph 6.7 hereof, the Lessor shall restore those parts of theBuilding which were damaged or destructed within a reasonable time. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.10.  | With reference to insurance providedfor in paragraphs 6.2, 6.3 and 6.7 the Parties agree to concludeinsurance agreements provided for in this Article 6 with an insurancecompany chosen by the Lessee or, if the Lessor does not agree toconclude an insurance contract with the insurance company chosen by theLessee, the Parties agree that insurance agreements provided for inparagraphs 6.2, 6.3 and 6.7 hereof shall be concluded by the Partieswith the condition that the insurance companies waive their rights totake recourse actions against the wrongdoers. |

|          |                                                           |
|----------|-----------------------------------------------------------|
| 7.  | Execution of the Lease Agreement and theParking Agreement |

|            |                                                                                                                                                                                                                                                  |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.1.  | The wording ofthe Lease Agreement agreed by the Parties and attached hereto shallconstitute an integral part hereof. The wording of the Lease Agreementmay be changed only by a written agreement of the Parties. Whereby theParties agree that: |

|  |              |                                                                                                                                                                                                       |
|--|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 7.1.1.  | prior tosigning of the Lease Agreement by the Parties, the followingamendments, additions and corrections shall be made, and this list ofamendments, additions and corrections shall becomprehensive: |

9

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|  |          |                                                                                                                                                                           |
|--|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | i.  | on thetitle-page it shall be necessary to indicate the number of theAgreement on Lease of Premises and the exact address of the Building inwhich the Premises are leased; |

|  |           |                                                                                                                                              |
|--|-----------|----------------------------------------------------------------------------------------------------------------------------------------------|
|  | ii.  | on page 1 in the first line it shallbe necessary to indicate the number of the Lease Agreement and theexecution date of the Lease Agreement; |

|  |            |                                                                                                                                                                                                                                                                                                                                                                      |
|--|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | iii.  | on page 1 in paragraph (1) it shallbe necessary to indicate the number of the certificate of stateregistration of a legal entity issued to the Lessor, the date of issue,the Lessor’s actual address, name and surname of the signatoryof the Lease Agreement in the name of the Lessor and the details of thedocument on the basis of which this person acts; |

|  |           |                                                                                                                                                                                                                                                                                                                                                                      |
|--|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | iv.  | on page 1 in paragraph (2) it shallbe necessary to indicate the number of the certificate of stateregistration of a legal entity issued to the Lessee, the date of issue,the Lessee’s actual address, name and surname of the signatoryof the Lease Agreement in the name of the Lessee and the details of thedocument on the basis of which this person acts; |

|  |          |                                                                                                                                                            |
|--|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | v.  | in paragraph (A) of the introductionit shall be necessary to indicate the exact address of the Building andits area according to the OwnershipCertificate; |

|  |           |                                                                                                                                                                                                     |
|--|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | vi.  | in paragraph 1.1 itshall be necessary to fill in the table cells in correspondence withthe column titles according to the BTI documents of the Premises andspecify the Leased Area of the Premises; |

|  |            |                                                                                         |
|--|------------|-----------------------------------------------------------------------------------------|
|  | vii.  | in paragraph 1.4 it shall benecessary to indicate details of the Ownership Certificate; |

|  |             |                                                                                                                                                                                                                     |
|--|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | viii.  | in paragraph 1.5 it shall benecessary to indicate details of the mortgage agreement and informationabout the Mortgagee if the Building is mortgaged under the terms of thepresent Contract and the Lease Agreement; |

|  |           |                                                                                                                                                                                                                                                                               |
|--|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | ix.  | in paragraph 4.4 it shall benecessary to indicate the amount of the First Lease Payment inConventional Units calculated in accordance with the provisions of PartI of Schedule 4 to the Lease Agreement and subject to the provisions ofparagraph 4.6 of the Lease Agreement; |

|  |          |                                                                                                                                                                    |
|--|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | x.  | in paragraph 4.17 it shall benecessary to indicate the place of installation of electricity supplymeters to calculate the electricity consummated in the Premises; |

|  |           |                                                                              |
|--|-----------|------------------------------------------------------------------------------|
|  | xi.  | in paragraph 5.2 it shall benecessary to indicate the execution date hereof; |

|  |            |                                                                                                                      |
|--|------------|----------------------------------------------------------------------------------------------------------------------|
|  | xii.  | in paragraph 20.1 it shall benecessary to indicate the Lessor’s and the Lessee’s thecontact information; |

|  |             |                                                                                                      |
|--|-------------|------------------------------------------------------------------------------------------------------|
|  | xiii.  | inparagraph 22 it shall be necessary to indicate the details of theParties and of their signatories; |

|  |            |                                                                                                                                                     |
|--|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xiv.  | in paragraph 1 of Schedule 2 itshall be necessary to indicate the date in the definition of the‘‘Date of Lease Beginning’’; |

|  |           |                                                                                                                                                                     |
|--|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xv.  | in paragraph 1 of Schedule 2 itshall be necessary to indicate the address and the area of the Buildingin the definition of the‘‘Building’’; |

|  |            |                                                                                                                                                          |
|--|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xvi.  | inparagraph 1 of Schedule 2 it shall be necessary to indicate the addressof the land plot in the definition of the‘‘Territory’’; |

|  |             |                                                                                                                                                                                  |
|--|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xvii.  | in Part I of Schedule 4 it shallbe necessary to indicate in numbers and words the Leased Area of thePremises in the definition of ‘‘S’’ used informulas; |

|  |              |                                                                                                                                                                                   |
|--|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xviii.  | in Part II ofSchedule 4 it shall be necessary to indicate in numbers and words theLeased Area of the Premises in the definition of‘‘S’’ used in formulas; |

|  |            |                                                                                                           |
|--|------------|-----------------------------------------------------------------------------------------------------------|
|  | xix.  | in Schedule 6 to the Contract itshall be necessary to indicate the Contract number and its executiondate; |

10

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|  |           |                                                                                                                                                                                                                                                                                                                                                                                                 |
|--|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xx.  | inparagraph (1) of Schedule 6 of the Lease Agreement it shall benecessary to indicate the number of the certificate of stateregistration of a legal entity issued to the Lessor, the date of itsissue, the Lessor’s actual address, name and surname of thesignatory of the Transfer Act in the name of the Lessor and the detailsof the document on the basis of which this person acts; |

|  |            |                                                                                                                                                                                                                                                                                                                                                                                                |
|--|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xxi.  | in paragraph (2) of Schedule 6 tothe Lease Agreement it shall be necessary to indicate the number of thecertificate of state registration of a legal entity issued to theLessee, the date of issue, the Lessee’s actual address, name andsurname of the signatory of the Lease Agreement in the name of theLessee and the details of the document on the basis of which thisperson acts; |

|  |             |                                                                                                                                                                                                                                                             |
|--|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xxii.  | in paragraph 1 ofSchedule 6 to the Lease Agreement it shall be necessary to fill in thetable cells in correspondence to the column titles according to the BTIdocuments of the Premises and specify in numbers and in words theLeased Area of the Premises; |

|  |              |                                                                                                                                                             |
|--|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | xxiii.  | in paragraph 3 of Schedule 6 tothe Lease Agreement it shall be necessary to indicated the executiondate of the Act of Access and the execution date hereof; |

|  |              |                                                                                                                                                                               |
|--|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 7.1.2.  | from the date of the Leasebeginning under the Lease Agreement and till termination of the LeaseTerm the Parties’ relationships shall be governed by the LeaseAgreement. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                              |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.2.  | Within 7 (seven) daysafter state registration of the Lessor’s ownership right to theBuilding the Lessor shall notify the Lessee thereof in writing andattach to such notice a copy of the Ownership Certificate and the textof the Lease Agreement, executed in accordance with paragraph 7.1, andthe Parking Agreement. The Parties agree that the Ownership Certificateshall comply with the following requirements: |

|  |           |                                                                                            |
|--|-----------|--------------------------------------------------------------------------------------------|
|  | (1)  | the line‘‘Rightholder’’ shall contain theLessor’s full name; |

|  |           |                                                                                                                                                                                                                                                                           |
|--|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | (2)  | theline ‘‘Object of Right’’ shall containinformation on a non-residential building, the short description ofwhich shall correspond to the description of the Building contained inSchedule 4 hereto in extent provided for by the effective laws; |

|  |           |                                                                                                                                                                                                                                            |
|--|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | (3)  | the line ‘‘ExistingRestrictions (Encumbrances) of the Right’’ shall notcontain any entry of registered encumbrances other than those on whichthe Lessee was duly notified in accordance with paragraph 3.10hereof. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.3.  | The Parties shallexecute the Lease Agreement and the amendments, modifications andcorrections provided for in paragraph 7.1. and the Parking Agreementwithin 3 business days after receipt by the Lessee of theLessor’s written notice (the ‘‘Date ofCommencement of the Obligation to sign the LeaseAgreement’’) given in accordance with the provisionsof paragraph 7.2 hereof, for purposes of which the authorizedrepresentatives of the Parties shall meet in the place and at timewhich shall be agreed on by the Parties additionally. The Date ofCommencement of the Obligation to sign the Lease Agreement shall bedeemed to have not begun only if the Lessee notifies the Lessor inwriting of incompliance of the Ownership Certificate, the LeaseAgreement or the Parking Agreement with the conditions hereof. In suchcase the Date of Commencement of the Obligation to sign the LeaseAgreement shall be deemed to have occurred after correction by theLessor of all defects of the Ownership Certificate and the LeaseAgreement and the Parking Agreement so that they shall comply with theprovisions hereof, and any Party may give the other Party acorresponding notice thereof. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                     |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.4.  | Ifone of the Parties does not send its authorized representative inaccordance with provisions of this Article 7 hereof or such authorizedrepresentative does not arrive in the place and in time agreed by theParties for signing of the Lease Agreement and the Parking Agreement,it shall be deemed a breach of the Party’s obligation to signthe Lease Agreement and the ParkingAgreement. |

11

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|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.5.  | TheLessee shall have the right to notify the Lessor in writing of thestate registration of the Lessor’s ownership right to theBuilding subject to attaching to such notice of a copy of an extractfromEGRP1* and the text of the Lease Agreement, executed in accordance withparagraph 7.1, and the Parking Agreement, except for such informationwhich the Lessee does not possess and requirements to the Lessor tospecify in the text of the Lease Agreement such information which theLessee does not possess or provide the Lessor with documents necessaryfor specification of such information in the text of the LeaseAgreement. The Parties agree, that the extract from EGRP shall complywith the followingrequirements: |

|  |           |                                                                                                  |
|--|-----------|--------------------------------------------------------------------------------------------------|
|  | (1)  | the line‘‘Rightholder’’ shall contain theLessor’s exact full name; |

|  |           |                                                                                                                                                                                                                                                                           |
|--|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | (2)  | the line ‘‘Object ofRight’’ shall contain information on a non-residentialbuilding, the short description of which in extent provided for by theeffective laws shall correspond to the description of the Buildingcontained in Schedule 4 hereto; |

|  |           |                                                                                                                                                                                                                                               |
|--|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | (3)  | the line ‘‘ExistingRestrictions (Encumbrances) of the Right’’ shall notcontain any entrance on registered encumbrances other than those onwhich the Lessee was duly notified in accordance with paragraph 3.10hereof. |

In case of the Lessee’s notice indicatedin this paragraph, the Parties agree to comply with provisions ofparagraphs 7.3 and 7.4 correspondingly.

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.6.  | Within 7 (seven) business days afterreceipt of the Lessor’s written request the Lessee shall providethe Lessor with the Lessee’s documents and information necessaryto apply for state registration of the Lease Agreement. The Lessorshall be responsible for submission of documents to Rosregistration andfor all other actions necessary for state registration of the LeaseAgreement. The Lessee shall compensate the Lessor 50% of theLessor’s document supported expenses in connection with thestate registration. |

|          |                 |
|----------|-----------------|
| 8.  | SecurityDeposit |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.1.  | The Parties agree that‘‘Security Deposit’’ shall mean for thepurposes hereof an amount of money to be paid by the Lessee to theLessor exclusively to secure the Lessee’s obligation to sign theLease Agreement and the Parking Agreement and compensate any possibledamage of the Lessor which may arise in case of the Lessee’sfailure to sign the Lease Agreement and the Parking Agreement. Uponsigning by the Parties of the Lease Agreement and the ParkingAgreement, the entire amount of the Security Deposit shall be set offfor fulfillment of the Lessee’s obligation to pay the Depositunder the Lease Agreement. The Security Deposit shall no constitute anadvance payment made under the present Contract and the Lease Agreementto pay the Basic Rent and/or other payments. The Security Deposit shallnot be adjusted in case of adjustment of the area of the Premises onthe basis of BTI documents. The Parties agree that the amount of theSecurity Deposit shall constitute an amount in Rubles equal to1,151,550.00 (one million one hundred and fifty one thousand fivehundred and fifty) Conventional Units. |

|            |                                                                                                                                                                  |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.2.  | The Lessee shall transfer to theLessor the Security Amount together with the charged VAT within 14(fourteen) business days upon execution hereof by the Parties. |

|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.3.  | No interest shall be accrued on theamount of the Security Deposit in the Lessor’s legal possessionand no compensation for use of such amount in money shall be paid. TheParties agree that in cases provided for in the present Contract theamount in Russian Rubles equal to the amount of the Security Depositexpressed in Conventional Units shall be returned. If the Lessor failsto return the Security Deposit to the Lessee in time provided forhereby, the Lessee shall be entitled to charge the Lessor an interest(penalty) in the amount of 0.15% (zero point fifteen per cent)of the due amount for each day of the Lessor’s delay to fulfillits obligation. |

|            |                                                                                                                                                                                                     |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.4.  | All paymentshereunder shall be made in Russian Rubles on the Parties’ bankaccounts specified in the present Contract; if an amount in the presentContract is expressed in Conventional Units, |

|  |
|--|

|   |                                                                       |
|---|-----------------------------------------------------------------------|
| 1 | EGRP— Unified State Register of Rights (translator’snote) |

12

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|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | the payment shall be made in Rubles in theamount equal to the amount expressed in Conventional Units at theofficial exchange rate of the Central Bank of the Russian Federation(hereinafter — the ‘‘CB of the RF’’)on the payment date which for purposes hereof shall be the date ofwriting-off of the amount from the banc account of the paying Party. Apayment obligation hereunder shall be deemed fulfilled at the momentwhen the corresponding amount is written off from the correspondentaccount of the bank of the paying Party. |

|            |                                                                                                                                                                                                                                                                                                                                                       |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.5.  | Any Party may change its bank accountby giving a notice thereof to the other Party at least 20 (twenty) daysbefore the corresponding amount is to be paid. The paying Party shallpay all bank charges and commissions due to the bank in connection withthe payments hereunder, except for charges and commissions of the bankof the receiving Party. |

|          |     |
|----------|-----|
| 9.  | VAT |

|            |                                                                                                                                                                    |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 9.1.  | Inaddition to the amounts paid by the Parties hereunder, the Party makinga payment shall also pay VAT if such VAT is applied in accordance withthe effective laws. |

|           |                                                       |
|-----------|-------------------------------------------------------|
| 10.  | Refusal of ContractExecution. Liability of theParties |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1.  | The Lessee shall beentitled to refuse unilaterally execution of the present Contractwithout any ground and to terminate it by giving a written noticethereof to the Lessor at least 5 (five) days prior to such termination.If the Lessee exercises this right, (1) the entire amount of theSecurity Deposit shall remain by the Lessor and shall not be returnedto the Lessee; (2) in case of any debts with respect to any paymentshereunder, the Lessee shall pay such amounts within 30 (thirty) daysafter the date of such termination; (3) the Lessee shall compensate theLessor’s document supported expenses on re-projecting withrespect to bearing structures of the Building in connection with theLessee’s Working Project. The Lessee shall not be liable to theLessor for refusal of execution hereof in any other way. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.2.  | The Lessee shall be entitled torefuse unilaterally execution of the present Contract by giving awritten notice thereof to the Lessor at least 5 days prior to suchtermination in case of the Lessor’s failure to fulfill itsobligations provided for in paragraphs 2.2, 3.7, 3.8, 3.9, 3.11 and 7.3hereof, after the Lessee has given the Lessor a written notice of suchdefault and an additional time of 30 business days to cure suchdefault. If the Lessee refuses to execute the present Contract on thegrounds provided for in this paragraph 10.2, (1) the Lessor shallreturn to the Lessee the Security Deposit in double amount andcompensate to the full extent the Lessee’s document supportedexpenses in connection with the Lessee’s Works in the amount notexceeding the amount in Rubles equal to the product of 170 (one hundredseventy) Conventional Units for 1 sq. m. of the finished area of thePremises determined on the basis of the Lessee’s WorkingProject, within 30 days after such early termination hereof; (2) incase of any debts with respect to any payments hereunder, the Lesseeshall pay such amounts within 30 (thirty) days after the date of suchtermination. |

|             |                                                                                                                                                                                                                 |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.3.  | The Lessee shall beentitled to refuse unilaterally execution of the present Contract bygiving a written notice thereof to the Lessor at least 30 (thirty) daysprior to such termination in the following cases: |

|  |          |                                                                                                               |
|--|----------|---------------------------------------------------------------------------------------------------------------|
|  | a)  | termination of the InvestmentContract prior to putting of the Building into service regardless ofthe reasons; |

|  |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | b)  | if the Lesseebecomes aware of the circumstances which in the Lessee’sreasonable opinion may impede the due termination of construction ofthe Building, putting of the Building into service, registration of theLessor’s ownership right to the Building or to the Premises orfulfillment of the Lessor’s obligations hereunder (inparticular, such circumstances include: suspension or annulment of theConstruction Authorization; annulment of the positive decision of thestate commission of experts on the construction project of the Buildingentirely or in any part; suspension or cancellation (withdrawal) of theDeveloper’s or the general contractor’s license, earlytermination of the Agreement on Lease of the Land Plot on which theBuilding is being constructed); |

13

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|  |          |                                                                                                                                                                                                           |
|--|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | c)  | if at anytime during the Term of the present Contract any authorization forconduction of any works in the Building, which the Developer or itscontractors are responsible for, is suspended or withdrawn; |

|  |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | d)  | change in composition of the directshareholders of the Lessor existing on the date of execution of thepresent Contract provided that such change of shareholders results inredistribution of 30% (thirty percent) or more of theshareholdings in the charter capital of the Lessor, and redistributionof the shareholdings in the charter capital of the Lessor among itsshareholders provided that such redistribution regards 30%(thirty percent) or more of the shareholdings in the Lessor’scharter capital, and change of beneficial owners of legal entities whoare shareholders of the Lessor on the date of execution of the presentContract regardless of whether such changes took place as result of oneor more transactions; |

subject to the Lessee’swritten notice to the Lessor of occurrence of such grounds for earlytermination hereof and provision to the Lessor of a reasonable time toeliminate such grounds and to cure a corresponding default hereunder.In case of the Lessee’s refusal to execute the present Contracton the grounds provided for in this paragraph 10.3, (1) the Lessorshall return to the Lessee the Security Deposit in double amount andcompensate to the full extent the Lessee’s document supportedexpenses in connection with the Lessee’s Works in the amount notexceeding the amount in Rubles equal to the product of 170 (one hundredseventy) Conventional Units for 1 sq. m. of the finished area of thePremises determined on the basis of the Lessee’s WorkingProject, within 30 days after such early termination hereof; (2) incase of any debts with respect to any payments hereunder, the Lesseeshall pay such amounts within 30 (thirty) days after the date of suchtermination.

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.4.  | The Lessor shall beentitled to refuse unilaterally execution hereof by giving a writtennotice thereof to the Lessee at least 5 days prior to such terminationin case of the Lessee’s failure to fulfill its obligationsprovided for in paragraphs 2.2, 7.3 and 8.2 hereof, after the Lessorhas given the Lessee a written notice of such default and an additionaltime of 5 business days to cure such default. If the Lessor exercisesits right provided for in this paragraph 10.4 in connection with theLessee’s failure to fulfill obligations specified in paragraphs2.2 and 7.3, (1) the entire amount of the Security Deposit shall remainby the Lessor and shall not be returned to the Lessee, and the expenseson the Lessee’s Works and other expenses incurred by the Lesseein connection with execution hereof shall not be returned orcompensated to the Lessee; (2) the Lessee shall compensate theLessor’s document supported expenses on modification of theconstruction project with respect to bearing structures of the Buildingin connection with the Lessee’s Working Project; (3) in case ofany debts with respect to any payments hereunder, the Lessee shall paysuch amounts within 30 (thirty) days after the date of suchtermination. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.5.  | In case of theLessor’s delay in fulfilling its obligation stipulated inparagraph 3.5 hereof or breach of the obligation stipulated inparagraph 3.5 hereof, the Lessee shall be entitled to reduction of theRent for the first year of the Lease Term for the amount equal to theamount of the daily Rent (calculated on the basis of the rate of 617,76(six hundred seventeen point seventy six) Conventional Units for 1square meter of the Premises per annum without VAT, whereby the area ofthe Premises shall be equal to the Leased Area) for each day of suchdelay, provided that the total period of delay shall not exceed 90(ninety) days, and the Parties agree that such reduction of the Rentfor the first year of the Lease Term in accordance with this paragraphshall not be applied to the entire period of the Lessee’s breachof its obligations stipulated in paragraph 5.1 hereof, provided thatsuch breach of the Lessee’s obligations has caused theLessor’s breach of its obligation stipulated in paragraph 3.5hereof. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.6.  | In case of theLessor’s delay in fulfilling its obligation stipulated inparagraph 3.7 hereof or breach of the obligation stipulated inparagraph 3.7 hereof, the Lessee shall be entitled to reduction of theRent for the first year of the Lease Term for the amount equal: (a) tothe amount of the daily Rent (calculated on the basis of the rate of617,76 (six hundred seventeen point seventy six) Conventional Units for1 square meter of the Premises per annum without VAT, whereby the area |

14

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|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | of the Premises shall be equal to the are ofthe Premises in accordance with BTI information) for each day of suchdelay, provided that the total period of delay shall not exceed 90(ninety) days, and (b) to the double amount of the daily Rent(calculated on the basis of the rent of 617,76 (six hundred seventeenpoint seventy six) Conventional Units for 1 square meter of thePremises per annum without VAT, whereby the area of thePremises shall be equal to the Leased Area) for each day of delay uponexpiration of 90 (ninety) days of the delay provided for in paragraph10.5, but not more than 45 (forty five) days, and the Parties agreethat such reduction of the Rent for the first year of the Lease Term inaccordance with this paragraph shall not be applied to the entireperiod of the Lessee’s breach of its obligations stipulated inparagraph 5.1 hereof, provided that such breach of the Lessee’sobligations has caused the Lessor’s breach of its obligationstipulated in paragraph 3.7 hereof. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7.  | When applying the consequences ofthe Lessor’s breach of its obligations specified in paragraphs10.5 and 10.6, the Parties agree that the Lessor’s fulfillmentof its obligations stipulated in paragraphs 3.5 and 3.7 hereof shall bepostponed for the period (a) equal to the period of the Lessee’sdelay in fulfilling its obligation provided for in paragraph 5.1hereof, provided that the total period of such delay does not exceed 90(ninety) days, and (b) equal to the double period of theLessee’s delay in fulfilling its obligation provided for inparagraph 5.1 hereof after expiration of 90 (ninety) days of delay ifthe total period of such Lessee’s delay has exceeded 90 (ninety)days, but not more than for 45 (forty five) days. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.8.  | The Lessor shall be entitled torefuse unilaterally execution of the present Contract by giving awritten notice thereof to the Lessee at least 5 (five) days prior tosuch termination in case of the Lessee’s failure to fulfill itsobligation stipulated in paragraph 5.1 hereof within 90 (ninety) daysafter the term provided for in paragraph 5.1 and after theLessor’s written notice to the Lessee of the default andprovision of an additional term of 30 business days to the Lessee tocure such default. In case of the Lessor’s refusal to executethe present Contract on the grounds provided for on this paragraph10.8, (1) the Lessor shall return to the Lessee 50 (fifty) per cent ofthe amount of the Security Deposit, (2) the cost of the Lessee’sWorks and other expenses incurred by the Lessee in connection withexecution hereof shall not be returned or compensated to theLessee. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.9.  | If any Party exercisesits right of unilateral refusal of execution hereof granted to it underthis Article 10, the present Contract shall be deemed terminated fromthe date indicated in the corresponding notice which, unless theParties agree otherwise, shall not be earlier than 5 (five) BusinessDays after the date of delivery to the other Party of the notice of theParty’s refusal to execute the present Agreement in accordancewith the provisions of this Article 10. |

|           |                                |
|-----------|--------------------------------|
| 11.  | Procedure of DisputeResolution |

|             |                                                                                                                                                                                                                                                |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 11.1.  | All disputes whichmay arise between the Parties with respect to the present Contractshall be resolved by the Arbitration Court of Moscow in accordance withthe procedure stipulated by the effective procedural laws of theRussian Federation. |

|             |                                                                              |
|-------------|------------------------------------------------------------------------------|
| 11.2.  | The presentContract shall be governed by the laws of the Russian Federation. |

|           |                         |
|-----------|-------------------------|
| 12.  | ConfidentialInformation |

|             |                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 12.1.  | The Parties agreethat information provided by them to each other in connection with thepresent Contract shall be deemed confidential and shall constitutecommercial secret of the Parties within the limits provided for by theeffective laws. The Parties shall not in any way disclose anyinformation in connection with execution of the present Contract to anythird parties, unless: |

|  |              |                                                                                                                                                                                                                                        |
|--|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | •  | suchdisclosure is required under the effective laws of the RussianFederation and/or any other state, and/or under the regulations ondisclosure by the stock market participants of any state, and/orrequired by any State Authorities; |

|  |              |                                                                                                                                                                                                         |
|--|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | •  | such information becomes publicthrough other sources, except when such information was illegallydisclosed to such source by the Party received such information inconnection with the present Contract; |

15

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|  |              |                                                                                                  |
|--|--------------|--------------------------------------------------------------------------------------------------|
|  | •  | theParty providing such information hereunder has consented to disclosureof such information; or |

|  |              |                                                                             |
|--|--------------|-----------------------------------------------------------------------------|
|  | •  | suchinformation was disclosed to the Party’s professionalconsultants. |

|           |         |
|-----------|---------|
| 13.  | Notices |

|             |                                                                                                                                                                                                                |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 13.1.  | Allnotices, information, communications and requests which the Parties mayor must give or make hereunder shall be executed in writing in Russianand delivered to the Parties’ addresses indicated below: |

For the Lessor:OOO‘‘Promyshlenno-finansovaya kompania’’(ООО«Промышленно-финансоваякомпания»)

23,Osenny boulevard, 121609 Moscow,Russia(Россия, 121609,г. Москва,Осеннийбульвар, д.23)Attention: Mr.  Rasskazov  NikolayNikolayevitch(РассказовНиколайНиколаевич)

Forthe Lessee:ZAO ‘‘CTC Network’’

12, 3rd Khoroshevskaya ul., Moscow,123298, Russia(Россия,125124, г. Москва,ул. Правды,д. 15А)Attention: Mr.  YuryBorisovich  Shklyar

All invoices, notices,information, correspondence, requests and other documents of theParties hereunder shall be given or made in the manner determined inthis Article and shall be deemed to have been duly sent and deliveredto the Party to which they are addressed:

|  |               |                                                                                               |
|--|---------------|-----------------------------------------------------------------------------------------------|
|  | 13.1.1.  | at the moment of the deliveryon receipt in case of personal delivery or delivery by acourier; |

|  |               |                                                                                                                                                                                    |
|--|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 13.1.2.  | at the moment ofdelivery of the letter to the addressee indicated in the deliverynotice in case of delivery by an insured mail with the list ofenclosures or by a registered mail. |

|             |                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 13.2.  | The Parties shall notify each otherin writing of any changes of the requisites specified in paragraph 14.1of the present Contract in case of such changes. Such changes shallcome into force after receipt by the other Party of the notice on suchchange. All risks arising from an undue notification shall be on theParty failed to execute its obligations under this Article hereof. |

|           |                 |
|-----------|-----------------|
| 14.  | OtherProvisions |

|             |                               |
|-------------|-------------------------------|
| 14.1.  | The present Contractcontains: |

|  |               |                                                                                                                                                                                                                                                                                                                                  |
|--|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 14.1.1.  | provisions havingforce of a preliminary contract according to Article 429 of the CivilCode of the Russian Federation and stipulating the Parties’obligation to conclude the Lease Agreement and the Parking Agreement onterms provided for hereby and by the attached text of the LeaseAgreement and schedules thereto,and |

|  |               |                                                                                                                                                                                                                                                                                                       |
|--|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 14.1.2.  | other obligations of theParties coming into force upon execution hereof. The present Contracttogether with the Schedules hereto shall constitute the entireagreement of the Parties as to its subject and shall supersede allprior correspondence, written agreements and negotiations of theParties. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 14.2.  | Obligations hereunderrelating to execution of the Lease Agreement and the Parking Agreementshall be valid till execution of the Lease Agreement and the ParkingAgreement. Obligations hereunder not relating to execution of the LeaseAgreement and the Parking Agreement shall remain in force till theircomplete fulfillment. In case of any discrepancies between provisionshereof and of the Lease Agreement, the provisions of the LeaseAgreement shall prevail. |

|             |                                                                                      |
|-------------|--------------------------------------------------------------------------------------|
| 14.3.  | Thepresent Contract shall be binding for the corresponding successors ofthe Parties. |

16

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|             |                                                                                                                                                                                                                                                      |
|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 14.4.  | TheLessee shall have the right to assign its rights and obligationshereunder to its affiliates without first obtaining the Lessor’sconsent of such assignment subject to a written notice to the Lessor ofthe assignment that has taken place. |

|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 14.5.  | If any provision (or its part)hereof becomes invalid at any time in accordance with a court decisionor in any other way, it shall not affect the validity of otherprovisions hereof. If any provision (or its part) hereof is consideredinvalid, the Lessor and the Lessee shall take all necessary andreasonable measures to introduce such amendments and additions into thepresent Contract that correspond the most to the intentions containedin the invalid provision, subject to compliance with all requirementsof the laws of the Russian Federation. |

|             |                                                                                                         |
|-------------|---------------------------------------------------------------------------------------------------------|
| 14.6.  | The present Contract is executed intwo counterparts of equal legal force in Russian, one for eachParty. |

|             |                                                                                               |
|-------------|-----------------------------------------------------------------------------------------------|
| 14.7.  | The present Contractcontains the following Schedules which shall constitute its integralpart: |

Schedule No. 1 — Definitions;

Schedule No. 2 — Floor Plans of the Premises;

|  |                    |                                                                                                                                              |
|--|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|
|  | Schedule No.  | 3 — Description ofthe Premises and of the Building at the moment when the Premises are‘‘ready for finishing’’; |

|  |                    |                                                                                                                                  |
|--|--------------------|----------------------------------------------------------------------------------------------------------------------------------|
|  | Schedule No.  | 4 — Description ofthe Premises and of the Building on the Building Start-up Date inaccordance with parapgraph 3.7. hereof; |

Schedule No. 5— Form of the Act of Access;

Schedule No. 6— List of Services necessary for conduction of theLessee’s Works in the Premises;

Schedule No. 7— Approved Text of the Lease Agreement;

ScheduleNo. 8 — Composition of the Working Project.

|           |                                                              |
|-----------|--------------------------------------------------------------|
| 15.  | Legal Addresses, Bank Requisites andSignatures of theParties |

|                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |                                                                                                                                                                                                                                                                                                                                                   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| TheLessor: OOO ‘‘Promyshlenno-finansovayakompania’’     Legal Address: 23,Osenny boulevard, 121609 Moscow,Russia     INN7731262460 KPP 773101001Requisites for payments inRubles: Settlement Account No. 40702810138260105245 inOCB Kievskoye No. 5278 of Sberbank of Russia, Moscow CorrespondentAccount No. 30101810400000000225 BIK 044525225 |  |  | TheLessee:ZAO ‘‘CTCNetwork’’    Legal Address:12,3rd Horoshevskaya Ul., Moscow, 123298,Russia    INN 7707115217KPP773401001Requisites for payments inRubles:Settlement Account No. 40702810100000006624in OAOAlfa-Bank Correspondent Account No. 30101810200000000593BIK044525593 |
| Signatures ofthe Parties:                                                                                                                                                                                                                                                                                                                                                                                        |  |  |                                                                                                                                                                                                                                                                                                                                              |
| On behalf of theLessor:                                                                                                                                                                                                                                                                                                                                                                                          |  |  | On behalf of the Lessee:                                                                                                                                                                                                                                                                                                                          |
| ______________________________ Name: NikolayNikolayevitch Rasskazov Position: General Director SS                                                                                                                                                                                                                                                                                                                |  |  | ______________________________ Name: Alexandr Efimovich RodnyanskyPosition: General DirectorSS                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                                                  |

17

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Schedule No.1

DEFINITIONS 

‘‘**Actof Access**’’ shall mean and act under the formstipulated in Schedule # 5 hereto confirming the transfer of thePremises to the Lessee in ‘‘for finishing’’condition.

‘‘**BTI**’’ shall meanthe corresponding department of Moscow branch of the Federal stateunitary enterprise ‘‘The Russian state center forinventory and accounting of the real estate objects’’ (orits successor) at the place of location of the Building.

‘‘**StateAuthority**’’ shall mean any state body authorizedpursuant to the effective legislation to issue acts binding for all theparticipants of business activities, as well as officers of any suchauthority acting within their powers.

‘‘**State acceptancecommission**’’ shall mean a temporary collectivebody appointed by the respective State authority and exercising theacceptance of the real estate object finished with construction intooperation, authorized to adopt decision on compliance of the realestate object to the project documents and the requirements and normsstipulated by the legislation.

‘‘**LeaseAgreement**’’ shall mean the Lease Agreement on thePremises, the approved text of which is contained in Schedule NO.7hereto.

‘‘**Agreement on Lease of theLand Plot**’’ shall mean Contract on granting ofthe land plot for use on the lease terms (land lease agreement) #M-07-025219 dated November  24,  2003 between Moscow landcommittee and the Developer, and registered on January09,  2004 by the Institution of justice on the state registrationof the rights regarding the real estate and transactions therewith inthe territory of the City of Moscow under No. 77-01/05-119/2003-536together with the additional agreement dated December  08,2003.

‘‘**ParkingAgreement**’’ shall mean the contract, whichprovisions shall be agreed by the Parties upon execution hereof inaccordance with paragraph 2.3 hereof.‘‘**EGRP**’’ shall mean theUnified state register of the rights to the real estate andtransactions therewith.

‘‘**Building**’’ shallmean 26-floor multi-functional building with an office part and parkingwith the construction address: in front of vladenie 1-3, ul. KrylatskyeKholmy, Moscow (Western Administrative district, rayon Krylatskoe).

‘‘**Investmentcontract**’’ shall mean Investment contract # 1-04dated September  12,  2003 concluded between the Developerand the Lessor.

‘‘**VAT**’’ shall meanvalue added tax.

‘‘**ConstructionAuthorization**’’ shall mean Constructionauthorization of the object of city-planning activity # P-0114/98registered with the City-planning cadastre on February  2005under No. 77-ГГК/3.7.1.000129.

‘‘**The Lessee’sWorks**’’ shall mean construction and assembly,engineer and other works in the Premises executed pursuant hereto andthe Working project of the Lessee.

‘‘**Rosregistration**’’shall mean the Head Department of the Federal Registration Service forMoscow, (GU FRS for Moscow) or any other authorized body exercising thestate registration of real estate lease agreements.

‘‘Ownership Certificate’’ shallmean the Certificate on the state registration of the Lessor’sright of ownership to the Building.

‘‘Conventional Units(C.U.)’’ shall mean a unit agreed by the Parties formeasuring Rent rate, which is equal to the sum of USD half and EUROhalf, i.e. 1 C.U. = 1⁄2 USD + 1⁄2EURO.

18

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|                                                                   |  |  |                                                                  |
|-------------------------------------------------------------------|--|--|------------------------------------------------------------------|
| TheLessor:                                                        |  |  | The Lessee:                                                      |
| ______________________________                               |  |  | ______________________________                              |
| Name:Nikolay Nikolayevitch Rasskazov Position: General DirectorSS |  |  | Name: Alexandr Efimovich Rodnyansky Position: GeneralDirector SS |
|                                                                   |

19

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Schedule No. 2

FLOOR PLANS OFTHE PREMISES

Plan of Floors14-18

|  | Appendix #______ To Contract#____ Dated        ,2006 |
|--|----------------------------------------------------------------------------------------------|

20

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The area of the premises subjectto lease = 1040.3 sq.m.

The area of loggia is 3.2 sq.m,with index 0.5

** Loggia

Leased premises(explanation of the sign in the lower part of the picture —translator’snote)

|                                                                                                  |  |  |                                                                                               |
|--------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------|
| TheLessor:                                                                                       |  |  | The Lessee:                                                                                   |
| ______________________________Name: NikolayNikolayevitch Rasskazov Position: General Director SS |  |  | ______________________________Name: Alexandr Efimovich RodnyanskyPosition: General DirectorSS |
|                                                                                                  |

21

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Plan of Floor 20

|  | Appendix #______ To Contract#____ Dated        ,2006 |
|--|----------------------------------------------------------------------------------------------|

22

----

The area of loggia is 3.2sq.m, with index 0.5

** Loggia

Leasedpremises (explanation of the sign in the lower part of the picture— translator’snote)

|                                                                                                 |  |  |                                                                                               |
|-------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------|
| TheLessor:                                                                                      |  |  | The Lessee:                                                                                   |
| ______________________________Name:Nikolay Nikolayevitch Rasskazov Position: General DirectorSS |  |  | ______________________________Name: Alexandr EfimovichRodnyansky Position: General DirectorSS |
|                                                                                                 |

23

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Plan of Floor 24

|  | Appendix #______ To Contract#____ Dated        ,2006 |
|--|----------------------------------------------------------------------------------------------|

24

----

The area of the premisessubject to lease = 910.84 sq.m.

The area of the balcony,Sgen= 188.8 sq.m., with index 0.3

The area of loggia is3.2 sq.m, with index 0.5

** Loggia        *Balcony (Roof under operation)

Leased premises(explanation of the sign in the lower part of the picture —translator’snote)

|                                                                                                  |  |  |                                                                                               |
|--------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------|
| TheLessor:                                                                                       |  |  | The Lessee:                                                                                   |
| ______________________________Name: NikolayNikolayevitch Rasskazov Position: General Director SS |  |  | ______________________________Name: Alexandr Efimovich RodnyanskyPosition: General DirectorSS |
|                                                                                                  |

25

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Plan of Floor 25

|  | Appendix #______ To Contract#____ Dated         ,2006 |
|--|-----------------------------------------------------------------------------------------------|

26

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The area of the premises subjectto lease = 495.5 sq.m.

The area of loggia is 3.2 sq.m,with index 0.5

** Loggia

Leased premises(explanation of the sign in the lower part of the picture —translator’snote)

|                                                                                                  |  |  |                                                                                               |
|--------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------|
| TheLessor:                                                                                       |  |  | The Lessee:                                                                                   |
| ______________________________Name: NikolayNikolayevitch Rasskazov Position: General Director SS |  |  | ______________________________Name: Alexandr Efimovich RodnyanskyPosition: General DirectorSS |
|                                                                                                  |

27

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Schedule No. 3

DESCRIPTION OFTHE PREMISES AND OF THE BUILDING AT THE MOMENT WHEN THE PREMISESARE ‘‘READY FORFINISHING’’

|          |                       |
|----------|-----------------------|
| 1.  | Generalspecifications |

Office premises assigned for allocationof lessees shall be leased in the form of open area (not finished, withthe executed preparatory works for final finishing of thepremises).

Baffles are made dividing public space andoffice premises, as well as vertical services well walls.

|          |                    |
|----------|--------------------|
| 2.  | Premises condition |

|            |                       |
|------------|-----------------------|
| 2.1.  | Windows, leaded panes |

|  |         |                                                |
|--|---------|------------------------------------------------|
|  | *  | one-chamber glass package withthermo-isolation |

|  |         |                                |
|--|---------|--------------------------------|
|  | *  | slopes — paintedaluminum |

|            |                              |
|------------|------------------------------|
| 2.2.  | Outside walls of theBuilding |

|  |         |                                                                                                                                                                                                |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | *  | Façade panels (modules) coveredwith one-layer drywall with setting the shrinkage-expansion joints (forthe finishing an additional fixing with drywall with decorated cover isnecessary) |

|  |         |                                                      |
|--|---------|------------------------------------------------------|
|  | *  | Heating devices are installedaccording to theproject |

|            |                                                            |
|------------|------------------------------------------------------------|
| 2.3.  | Ceilings* Monolithreinforced concrete plates of the floors |

Ceiling heightfrom floor to floor: floors 14-23 — 3.9 m, floors 24-25 —in part 7.8 m, in part — 3.9 m, floor 26 — 6.3m.

|            |        |
|------------|--------|
| 2.4.  | Floors |

|  |         |                                                                                                    |
|--|---------|----------------------------------------------------------------------------------------------------|
|  | *  | Blackfloors made of two-layer GVL plates on 5-fraction expanded clay, totalthickness up to 100 mm. |

|          |                                                                                     |
|----------|-------------------------------------------------------------------------------------|
| 3.  | Finishing of Public places(entrance group, corridor, staircase and elevator halls): |

|  |         |                                                        |
|--|---------|--------------------------------------------------------|
|  | *  | according to architectural plan (presented upondemand) |

|          |           |
|----------|-----------|
| 4.  | Elevators |

|  |         |                                                                                                                           |
|--|---------|---------------------------------------------------------------------------------------------------------------------------|
|  | *  | putting into operation of elevators is exercisedonly after finishing works are done according to the constructionschedule |

|  |         |                                                                                                            |
|--|---------|------------------------------------------------------------------------------------------------------------|
|  | *  | cargo lift or elevating machine ispresented for the time of finishing works to the Lessee’sPremises. |

|          |                    |
|----------|--------------------|
| 5.  | Engineeringsystems |

|            |                                  |
|------------|----------------------------------|
| 5.1.  | Ventilation and airconditioning: |

|  |              |                                                                                                                    |
|--|--------------|--------------------------------------------------------------------------------------------------------------------|
|  | 5.1.1.  | The System isexecuted to the extent of central air-exchange standpipes without enddevices and layout in the floor. |

|  |              |                                                          |
|--|--------------|----------------------------------------------------------|
|  | 5.1.2.  | Ventilation system of elevatorhalls is executed in full. |

|  |              |                                                                    |
|--|--------------|--------------------------------------------------------------------|
|  | 5.1.3.  | Sanitary block ventilation systemis delivered without end devices. |

|  |              |                                                                                                                                                       |
|--|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | 5.1.4.  | VRV-3 conditioning system shallassume exit of freon pipes from the standpipe to the floor without userlayout and installation of the internal blocks. |

|            |                                                                        |
|------------|------------------------------------------------------------------------|
| 5.2.  | Heating system in full with heatingradiators according to the project. |

|            |                                                                                      |
|------------|--------------------------------------------------------------------------------------|
| 5.3.  | Water supply and sewerage networksare assigned for ensuring sanitary-hygienic norms. |

Executed in the volumes of to sanitary blocks.

|            |                                                                                                                |
|------------|----------------------------------------------------------------------------------------------------------------|
| 5.4.  | Lighting system, general andcomputer electrical network is executed without layout to distributingswitchboard. |

28

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Separate capacity for the Premise— 686 Kwa (set capacity). On the basis of the followingcalculation: 50 Kwa (of the set capacity) for 1,000 sq.m. Two suppliedhigh-voltage feeders.

Existence of reserve power supplysources projected on the basis of the technical task issued by theLessee (provided execution by the latter of obligations on financing ofthe project creation and erection of the said schemes).

|            |                                                                                                                                                                                                                                                                                              |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.5.  | Sprinkler and waterfire-extinguishing system as well as automatics of fire-fightingsystems is executed to the extent necessary for protection of theBuilding. The system is accumulated upon occurrence of floor planningdecisions according to the project and at the account of theLessee. |

|            |                                                                                                                                                                                                                                                                          |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.6.  | Notification andpeople’s evacuation management system under fire is executed tothe extent necessary for protection of the Building. The system isaccumulated upon occurrence of floor planning decisions according tothe project and at the account of the Lessee. |

|            |                                                                                                                                                                                            |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.7.  | Dispatcher system of the building isassigned for managing of engineering systems of the building, iscombined of the equipment of the leading engineering companies. It isexecuted in full. |

|            |                                                                                                                                                    |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.8.  | Access controland video control systems are executed to the extent of the Buildingperimeter control, entrances from staircases and elevator halls. |

|            |                                                                                                                                                |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.9.  | Low-voltage sewerage system,low-voltage and computer networks, radio-, telephone-set up areexecuted to the extent of central floor standpipes. |

|             |                                                                                      |
|-------------|--------------------------------------------------------------------------------------|
| 5.10.  | Television and radio networks areexecuted to the extent of leading-out to the floor. |

|                                                                                                 |  |  |                                                                                               |
|-------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------|
| TheLessor:                                                                                      |  |  | The Lessee:                                                                                   |
| ______________________________Name:Nikolay Nikolayevitch Rasskazov Position: General DirectorSS |  |  | ______________________________Name:Alexandr Efimovich Rodnyansky Position: General DirectorSS |
|                                                                                                 |

29

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Schedule No. 4

REQUIREMENTS TOTHE BUILDING AND THE PREMISES AT THE BUILDING START-UPDATE IN ACCORDANCE WITH PARAGRAPH 3.7HEREOF

|          |          |
|----------|----------|
| 1.  | Location |

‘‘Profico’’ office businesscenter is located at the following address: in front of vladenie 1-3,ul. Krylatskie Kholmy, at the nearest distance to underground stations‘‘Molodezhanya’’ and‘‘Krylatskoe’’.

Theconstruction site has a triangular shape and stretches out fromnorth-east to south-west. In south-est it is limited by s aside slopleading to Krylatskaya uliza. The north border and boundary lineadjoins a specially guarded natural territory. From the western sidethe construction site is limited by uliza Krylatskie Kholmy.

Depending on the traffic density, approach to the two maincity street-roads from ‘‘Profico’’ businesscenter takes: to Rublevskoe shosse — 2-5 minutes, toKrasnopresnensky prospect (under construction) 10-20 minutes, to Moscowring-road (МКАД) 15 minutes.

|          |                        |
|----------|------------------------|
| 2.  | Architecture solutions |

Theoutside of the Building combines the elements of modern architectureand modern design solutions in the shape of a rectangular. The Buildingis located on the land plot of 0.67 hectare.

The numberof the Building floors corresponds to the number of floors as it isdetermined in the Building construction project, and according theretothe permission to construction was given and is valid as of the date ofexecution hereof.

In the Building socle floors(-2,-3,-4,-5) a 4-level underground parking for 400 vehicles issituated. Beside the Building a ground level guest parking for 35vehicles is stipulated.

On floor — 1 there willbe a dining-room, a café, a car washer and technical rooms. Onthe first floor a conference hall and a bank branch will be placed.

|          |                                     |
|----------|-------------------------------------|
| 3.  | Design and structure of theBuilding |

The Building was erected as a monolithreinforced concrete frame with an attached module facade. On the roofof the Building there is a platform for baskets reserved forpeople’s evacuation.

|            |                                           |
|------------|-------------------------------------------|
| 3.1.  | Main structural parameters of theBuilding |

|                      |  |                             |
|----------------------|--|-----------------------------|
| Constructionmaterial |  | monolith reinforcedconcrete |
|                      |  |                             |

|                    |  |                                       |
|--------------------|--|---------------------------------------|
| Column net spacing |  | 8100x8100 m, except axesE-D*4050*8100 |
|                    |  |                                       |

|             |  |                                                                              |
|-------------|--|------------------------------------------------------------------------------|
| Floorheight |  | 2-24 floors — 3.9 m, 24-25 floors —7.8 m, floor 26 — 6.3 m |
|             |  |                                                                              |

|                    |  |                           |
|--------------------|--|---------------------------|
| Buildingtotal area |  | About 50,000 squaremeters |
|                    |  |                           |

|                        |  |                                       |
|------------------------|--|---------------------------------------|
| Office space totalarea |  | About 30,000 square meters(29,723.80) |
|                        |  |                                       |

|      |  |                                 |
|------|--|---------------------------------|
| Hall |  | Generalheight 7.8 m, two lights |
|      |  |                                 |

|             |  |                                                                                                                |
|-------------|--|----------------------------------------------------------------------------------------------------------------|
| Floorlength |  | From window to core from 8.1 m to 12.3 m, the coreof the Building has a rectangular shape of the size 25 m*11m |
|             |  |                                                                                                                |

|                          |  |                          |
|--------------------------|--|--------------------------|
| Maximum permissible load |  | 450kg per 1 square meter |
|                          |  |                          |

|                    |  |  |
|--------------------|--|--|
| Intermediatefloors |  |  |
|                    |  |  |

|          |                                               |
|----------|-----------------------------------------------|
| 4.  | Outsidefinishing and dressing of the Building |

In the outsidefinishing and dressing of the Building mostly panorama glazing is used,which provided an optimal use of the sun light. The modulefaçade technology is developed by SCHUCO (Germany).

30

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|            |                                       |
|------------|---------------------------------------|
| 4.1.  | Elements of thefaçade dressing |

4.2.

|                             |  |                                                                                                                          |
|-----------------------------|--|--------------------------------------------------------------------------------------------------------------------------|
| Transparent glazingelements |  | One chamber tinted glass package and StopRay Safirenergy saving glass of ‘‘Giaverbel’’(Belgium). |
|                             |  |                                                                                                                          |

|                                  |  |                                                             |
|----------------------------------|--|-------------------------------------------------------------|
| Non-transparent glazing elements |  | Glass package, outside hardened glass, insideglass-stemalit |
|                                  |  |                                                             |

|                                      |  |                  |
|--------------------------------------|--|------------------|
| Non-transparent façademodules |  | Composite plates |
|                                      |  |                  |

|                          |  |                       |
|--------------------------|--|-----------------------|
| Socle floorfaçade |  | Natural stone-granite |
|                          |  |                       |

|          |              |
|----------|--------------|
| 5.  | Generalareas |

|            |                              |
|------------|------------------------------|
| 5.1.  | Inside finishing of therooms |

The Building is offered for rent with generalareas of quality finishing, office premises are offered for rentwithout any inside finishing.

|                        |  |                                                                                                            |
|------------------------|--|------------------------------------------------------------------------------------------------------------|
| Hall ofthe first floor |  | High quality design, natural stoneflooring. Walls are finished with natural stone or other modernmaterials |
|                        |  |                                                                                                            |

|                            |  |                              |
|----------------------------|--|------------------------------|
| Flooring of elevator halls |  | Natural stone —granite |
|                            |  |                              |

|                        |  |                       |
|------------------------|--|-----------------------|
| Flooring of staircases |  | Graniteceramics tiles |
|                        |  |                       |

|                        |  |                                                                                           |
|------------------------|--|-------------------------------------------------------------------------------------------|
| Walls of elevatorhalls |  | Walls of elevator halls are lined exclusively withnatural stone — granite or marble |
|                        |  |                                                                                           |

|                                           |  |                                           |
|-------------------------------------------|--|-------------------------------------------|
| Walls ofstaircases and technical premises |  | Plaster and high qualitydispersion paints |
|                                           |  |                                           |

|      |  |                                 |
|------|--|---------------------------------|
| Hall |  | General height7.8 m, two lights |
|      |  |                                 |

|          |  |                                                                                                                                                                        |
|----------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Ceilings |  | In allpremises and area of public use hanging ceilings are mounted accordingto the Armstrong type standards. Behind them the main engineeringcommunications areplaced. |
|          |  |                                                                                                                                                                        |

|          |      |
|----------|------|
| 6.  | Roof |

The roof is operational, inversable with hydro-isolationcover, above which the warming layer is laid out, extrusionpolystyrene, geotextile, crushed stone, plates.

|          |           |
|----------|-----------|
| 7.  | Elevators |

13 elevators areto be installed in the Building to provide a convenient and comfortabletransportation to all Building floors. Finishing of all elevator cabinswas executed in ‘‘lux option’.

|                          |  |                                                     |
|--------------------------|--|-----------------------------------------------------|
| l. Schindler ID(PLl-PL8) |  | 8 ps for 26 stops,loading lifting capacity 1,350 kg |
|                          |  |                                                     |

|                      |  |                                                     |
|----------------------|--|-----------------------------------------------------|
| 2. Schindler ID(PL9) |  | 1 ps for 28 stops, loading lifting capacity 1,000kg |
|                      |  |                                                     |

|                            |  |                                                                                     |
|----------------------------|--|-------------------------------------------------------------------------------------|
| 3. Schindler ID (L1O, L11) |  | 2 ps for6 stops (for fire brigade transportation), loading lifting capacity1,000 kg |
|                            |  |                                                                                     |

31

----

|                   |  |                                                  |
|-------------------|--|--------------------------------------------------|
| 4. Thyssen (L I2) |  | 1 ps for 3 stops, loading lifting capacity 630kg |
|                   |  |                                                  |

|                  |  |                                                 |
|------------------|--|-------------------------------------------------|
| 5. Monitor (L13) |  | 1 ps for 2 stops,loading lifting capacity 100kg |
|                  |  |                                                 |

|          |                                         |
|----------|-----------------------------------------|
| 8.  | Main engineeringsystems of the Building |

|             |  |                                                                                                                                                                     |
|-------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Ventilation |  | Forced and exhaust ventilation, smoke removal system. TheBuilding ventilation system provides inflow of 60 m3 air per a personper hour (calculated 10 m2 perperson) |
|             |  |                                                                                                                                                                     |

|              |  |                                                                                        |
|--------------|--|----------------------------------------------------------------------------------------|
| Conditioning |  | DAIKIN (Japan)central conditioning with independent regulation of climate in eachroom. |
|              |  |                                                                                        |

|         |  |                                         |
|---------|--|-----------------------------------------|
| Heating |  | Central heating fromthe main city nets. |
|         |  |                                         |

|                   |  |                                                                                                    |
|-------------------|--|----------------------------------------------------------------------------------------------------|
| Main power supply |  | Input with double reservation from the Mosenergo city netswith independent transformer substation. |
|                   |  |                                                                                                    |

|                     |  |                                                                                                                                           |
|---------------------|--|-------------------------------------------------------------------------------------------------------------------------------------------|
| Reservepower supply |  | Two FG Wilson diesel generators for constantkeeping in the operating conditions of the main maintenance and safetysystems in the Building |
|                     |  |                                                                                                                                           |

|              |  |                             |
|--------------|--|-----------------------------|
| Water supply |  | From Mosvodokanal city nets |
|              |  |                             |

|                       |  |                                                                                               |
|-----------------------|--|-----------------------------------------------------------------------------------------------|
| Safety ofthe Building |  | Integrated systems of fire alarming, warningand evacuation, security systems and videocontrol |
|                       |  |                                                                                               |

|                |  |                                                                                  |
|----------------|--|----------------------------------------------------------------------------------|
| Access control |  | Modern systemsof access control and regulation based on non-contact plasticcards |
|                |  |                                                                                  |

|          |                                                |
|----------|------------------------------------------------|
| 9.  | HVC (Heating,ventilation and air conditioning) |

|            |                                           |
|------------|-------------------------------------------|
| 9.1.  | Ventilation, air conditioning, coldsupply |

Ambient air temperature in the rooms with airconditioning is 20-22oC. Acustic noise level in these rooms doesnot exceed 36 dB.

Autonomous conditioning systems with50% reserve capacity are installed to keep constant temperatureround the year in server and commutation rooms.

Coldconsumption for inflow installations

Qx inflow = 840kilowatt

Heat amount to be assimilated by inflow air

Q =236000x0.288x6x1.16=473000Bt=473kilowatt

Coldconsumption for cooling machines

ΣQ =2280+30+13+27+840-470=2720x1.1=3000 kilowatt

To providerated meteorological conditions and air purity in the rooms accordingto GOST (State standard) 12.1.005-88 standards, inflow-exhaustventilation with mechanical impulse is stipulated in all rooms of thecomplex.

Air exchange and its regulation for differentgroups of rooms are as follows:

32

----

Parking — due to theterms of dissolving of noxious substances to the permissibleconcentration in the air of operating zones. Inflow air is pumped intothe upper room zone along the driving way and exhaust air is pumped outin equal parts from the upper and lower zones.

Ramps— due to the terms of dissolving of noxious substances to thepermissible concentration;

Offices — due to theterm of supplying of the minimum consumption of outside air, 60 m/hourper person.

The amount of inflow and exhaust systems isdetermined by the functional purpose of the rooms to be services and bythe space design solutions.

Ventilation andconditioning systems equipment producers

|                                        |  |  |                      |
|----------------------------------------|--|--|----------------------|
| Equipment                              |  |  | Potentialproducer    |
| Coolingmachines                        |  |  | DAIKIN               |
| Main inflow-exhaustinstallations       |  |  | AIRSETTROGES         |
| Additionalinflow-exhaust installations |  |  | SYSTEMAIR            |
| Exhaust ventilators                    |  |  | SYSTEMAIR, TROGES    |
| Diffusers                              |  |  | IMPKLIMAT            |
| Air regulating valves                  |  |  | IMPKLIMAT            |
| Pumps                                  |  |  | WILD,GRUNDFOSS       |
| Regulating-closing valves              |  |  | DANFOSS              |
| Thermo-isolation                       |  |  | THERMAFLEX,WIRED MAT |
|                                        |

|            |                                   |
|------------|-----------------------------------|
| 9.2.  | Heating andheating supply systems |

For the higher sections of theBuilding two independent heating systems were designed. System# 1 services office premises in floors 1-13, system # 2services office premises in floors 14-26. Systems # 1 and # 2 aredouble piped with horizontal blind lines on every floor. The verticalstandpipes are laid in the communication shaft. The floor horizontalpipelines are laid in the flooring construction.

Fordining rooms, the restaurant, shopping zones, the bank and car washerindependent horizontal double-piped heating systems were designed.Heating system # 3 services dining-rooms and their premises (-1 floor),heating system # 4 services the restaurant (1 floor), heating system #5 services shopping zones (1 floor), heating system # 6 services thebank, heating system # 7 services car washer chambers.

The main horizontal pipelines of the systems ## 3-6 arelaid in the flooring construction of the premises to be serviced. Inthe car washer chambers the main pipelines are laid at the flooring.All heating systems have separate independent heat control records.

During business hours air heating is designed in theparkings. The air heating is combined with inflow ventilation. Airheating units operate in the car washer chambers under decrease of theinside air temperature during idle hours.

Acceptedtemperature of the inside heated air:

For parking— 5oC

For car washer —18oC

For office premises —20oC

For technical premises —12oC

For café premises — dependingon their purposes.

The heating system keeps the airtemperature at about 10-12oC during idle hours in the officepremises, the air temperature goes up to 20oC to the beginningof the business day. The heating system keeps air temperature at20oC round the clock 7 days a week, 365 days a year in therented or leased premises. Vertical standpipes of the heating systemand pipelines of the heat supply 

33

----

system in the inflow units are made of steelwater-gas-pipes according to GOST 3262-75, pipe diameter up to 57 mm,and of steel electro-welded pipes according to GOST 10704-91, pipediameter above 57 mm.

The main horizontal pipelines onthe floors to be laid in the flooring construction are maid ofmetal-layer pipes.

Kermi radiators with lowerconnection are accepted as heating units. Smooth pipe registers areinstalled in the car washer.

To provide heat comfort inthe premises and to endure heat saving, the heating units are equippedwith separate independent thermo-regulators of the leading Europeancompanies and isolated with pipe isolation material.

Main pipelines, vertical standpipes of the heating systemand heat supply pipelines are isolated with pipe isolationmaterial.

The air from the heating system is removedthrough air valves installed in the upper plug of the heating unit andthrough automatic air outlet ports.

The air removalfrom the heat supply system is carried out through air collectors andautomatic air outlet ports.

Some branch pipelines ofthe heating system and the heat supply system are provided withclosing-regulating (balancing) valves with connections for measuringdevice.

Drainage lines were designed for draining theheating system, that go to into the IHP (ИТП)drainage pit. Installation of drainage valves with hose composition isstipulated in the heat supply system. Closing-regulating valves of theleading producers are used for both systems.

Installation of water-air heat screens is planned at theentrances into garage-parking and the Building.

Thecomplete net of the pipelines with connections to the heating units,necessary closing-regulating valves and heating units will be presentedat the disposal of a lessee.

Central heating system isa horizontal two-pipe system with pumped circulation and passingmovement of the heat carrier. The heating system ois connected to theoutside heating nets through plate heat exchangers according to theindependent connection scheme. Heat carrier parameters in the heatingsystem — 95-70.

Preparation of the heat carrieris executed in the individual heat point (IHP) located in the technicalzone on floor — 1. the heat control unit is installed in theheat point.

Separate branch pipelines are stipulatedfor perimeter heating of each group of premises divided according totheir functional purposes.

Each branch pipeline willhave closing-regulating valves and a discharge outlet valve.

Heating system equipment

|                                          |  |  |                    |
|------------------------------------------|--|--|--------------------|
| Equipment                                |  |  | Potentialproducers |
| Convectors                               |  |  | Kermi              |
| Under-flooring convectors                |  |  | Kermi              |
| Closing-regulating valves andaccessories |  |  | Danfoss,Oventrop   |
|                                          |

|           |                     |
|-----------|---------------------|
| 10.  | Fire-fightingsystem |

fire preventing treatment of the ventilationand heating systems is stipulated according to SNIP(СНИП—set of norms and rules(translator’s note)) 2.04.05-91*, SNIP 21-02-99, MGSN(МГСН) 5.01.54, MGSN4.04-94.

The principle solutions and calculations were made by thespecialists of FGU VNIIPO of the Ministry for extraordinary situationsof Russia (ФГУВНИИПОМЧСРоссии).

34

----

Antismoke ventilation wasdesigned for people’s evacuation from the Building premises atthe first stage of fire.

The smoke removal isstipulated from:

– parking

–isolated ramps space

– main entrance hall

– corridors of floors — 1 and 1 withoutnatural lighting

– dining hall, without naturallighting

– corridors of the office sections ofthe Building (floors 2-26)

A separate smoke removalsystem is stipulated for each fire section.

Gases andsmoke removal after fire from the premises protected by gas firefighting units is also stipulated. Fire setback valves withrefractoriness limit of not less than 0.5 hours are installed in thecrossing points of air ducts and premises railing.

Inflow antismoke ventilation is stipulated. Outside airsupply is designed:

– to air locks separatingparking from technical premises not belonging to theparking;

– to elevator shafts;

– to air locks in front of elevators in the basementfloors;

– to smoke-proof staircases;

– to ari screens above fire gates of the1st type at the entrance to the parking (according to .2.26of MGSN 5.01-01.

Ventilators of the leading producersare installed in the smoke removal systems. Their working capacityunder temperature of 600oC is not less than 1 hour and under thetemperature of 400oC is not less than 2 hours. Smoke exhaustinto the atmosphere is stipulated for 2 m from the roof or from theground.

Air ducts of the smoke removal system in theparking and ramps are made of sheet steel, thickness 1.2 mm, bywelding, with fire protection coating that ensures refractoriness limitof EI 60 (1 hour) within the parking space and EI 150 (2.5 hours) inthe Building constructions beyond the service floor. The smoke removalshafts servicing the corridors are made of building constructions thatensure refractoriness limit of EI 45 (0.75 hour) within the firesection and EП 50 (2.5 hours) beyond the fire section. Air ductsof the smoke removal system in the dining hall have refractorinesslimit of EI 60 (1 hour). Air ducts of the systems removing gas afterthe fire have refractoriness limit of EI 15 (0.25 hour). Air ducts ofthe inflow antismoke ventilation are made of zinc coated steel, grade‘‘П’’, with fire protection coatingthat ensures refractoriness limit of EI 30 (0.5 hour).

KDM-2 smoke valves installed in the smoke protectionsystems have refractoriness limit of EI 60 (1 hour).

Smoke ventilation system starting occurs automatically, byremote control and by pushing buttons manually on the evacuationpath.

Automatic switch off of inflow and exhaustsystems is also stipulated, if the fire comes up.

Allventilation equipment is grounded.

Electrically drivenfire setback valves with rated refractoriness limit are installed inthe crossing points of air ducts and fire protection blocks.

Each fire section has independent inflow and exhaustventilation systems.

35

----

Space for ventilation equipmentis located according to para. 4.102 of SNIP 2.04.05-91.

The gaps where air ducts and pipelines go through floorsand partitions are closed by fire-proof materials.

|           |                     |
|-----------|---------------------|
| 11.  | Power supply system |

Powersupply to fire-fighting systems, security systems and elevators isprovided in category I. The Building maintenance systems belong to aspecial electroreceiver group of category I.

The systemof steady power supply (3rd independent power supply source)on the basis of 2 diesel generators is anticipated in the Building.

The load of the first category consumers is 799kWA.

To the Building maintenance systems belong:

Electrical motors of the pumps for fire fighting;

Water pipelines in the Building;

Equipmentfor the systems of automatic fire extinguishing in the Building;

Elevators equipment;

Electro-equipment forsmoke ventilation;

Equipment for fire alarmwarning;

Equipment for the Building safety systems;

Equipment for dispatching systems;

Emergency lighting of the Building;

Firesetback valves;

Bank equipment;

Smokeremoval valves.

Video access control sources ofcontinuous feeding are installed for steady reliable power supply tosuch equipment as automatic fire alarm warning and signaling.

Power supply to the complex of other electro-receivers inthe Building will be provided on category II.

|             |                                               |
|-------------|-----------------------------------------------|
| 11.1.  | Main distributing switchboards of theBuilding |

four main distributing switchboards arestipulated in the Building. Automatic devices for reserve switch on arestipulated too ensure reliable power supply of the first category.

|             |                 |
|-------------|-----------------|
| 11.2.  | Energy metering |

Meteringboxes are stipulated in the premises of MDS (main distributingswitchboards), where energy meters are installed. Electronic countersof active and reactive energy with digital outputs are installed on theinputs of MDS.

Separate energy metering is stipulatedfor all water distributing units.

|             |                                    |
|-------------|------------------------------------|
| 11.3.  | Protective grounding and zero-wire |

TN-C-S grounding system is designed in the Building.

The main grounding bars (MGB) must be installed for eachMDS. MGBVs must be installed separately in the switchboard areas andconnected to each other by the conductors of the potential equalizingsystem. The conductor cross-section must be equal to the smaller barcross-section from the two paired bars (Technical instructions # 6/2004of ‘‘ROSELECTROMONTAZH’’(«РОСЭЛЕКТРОМОНТАЖ»).

36

----

|             |                      |
|-------------|----------------------|
| 11.4.  | Informationgrounding |

Functional grounding for the equipment ofinformation technologies is planned.

|             |          |
|-------------|----------|
| 11.5.  | Lighting |

There are thefollowing kinds of lighting in the Building: ordinary working lightingand extraordinary lighting consisting of emergency lighting andevacuation lighting. Maintenance lighting through transformer feedersockets of 220/36 V is stipulated in switchboards, ventilation chambersand pump houses.

For emergency lighting lams withbuilt-in batteries (autonomous time — 1 hour) are used.

The control of lighting in the public zones is centralizedand being executed from the dispatcher post. The lighting control fortechnical and office premises is local through switches. The feeding ofemergency lighting is independent of ordinary working lighting andcarried out from different sections of the main distributingswitchboard.

The calculation of the required capacityfor lighting switchboards is exercised taking into account ensuring ofthe following illumination levels in the premises:

Thefollowing minimal levels of illumination intensity are stipulated:

Offices and conference halls 500 lux on the working surface(0.8 m from the floor)

Information and computation units500 lux on the working surface

Corridors in the officesection 200 lux on the floor

Technical premises withmechanical equipment 200 lux on the floor

Switchboards300 lux on the floor

Service corridors 150 lux on thefloor

Toilets150-250 lux on thefloor

Cloak-rooms 150 lux on the floor

In the office (administrative) premises it is supposed touse luminescent lamps (600x600) with a mirror screening grid ofcategory 2, fixed into the hanging ceiling.

In thefloor corridors the lighting is provided with fixed luminescent compactlamps 2x18 Watt.

Lamps for technical and storagepremises, service corridors and other services sections are supposed tobe of ceiling type with prismatic or opalescent diffuser. Linearluminescent lamps and glow lamps can be used.

Illumination in the remaining premises corresponds tostandards СП 31-110-2003 and MGSN 2.06-99.

Power for outside lighting of the Building is stipulated inthe Project.

|             |                     |
|-------------|---------------------|
| 11.6.  | Equipment producers |

|  |                 |                    |
|--|-----------------|--------------------|
|  | Equipment  | Potentialproducers |

|  |                                |                   |
|--|--------------------------------|-------------------|
|  | Distributionswitchboards  | SchneiderElectric |

|  |                          |                   |
|--|--------------------------|-------------------|
|  | Switchingequipment  | SchneiderElectric |

|  |                      |                 |
|--|----------------------|-----------------|
|  | Lightingdevice  | Sonlux(Germany) |

|  |           |                   |
|--|-----------|-------------------|
|  | UPS  | SchneiderElectric |

|  |                      |                                                 |
|--|----------------------|-------------------------------------------------|
|  | Cable conduits  | VVGngLS (ВВГнгLS) |

Redesign of this section is possible to transfersome of the energy consumers (floors) into category I with installationof the 5th main distributing switchboard in case ofreceiving of the Technical task (T3) from the Lessee and financing ofcertain project, construction-erection works.

37

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|           |                          |
|-----------|--------------------------|
| 12.  | Securitytechnical system |

Complex technical system of securityis used in the Building. It consists of guard signaling system (COC =GSS) and video access control system (СКУД=VACS) combined in the joint-program-instrument complex.

GSS is designed to detect a break through into the premisesof the object or an attempt thereof and transfer of the warring signalto the round the clock guard post with further translation to thecentralized control panel.

Video system is designed tocontrol the situation on the object and along the perimeter thereof andto keep the coming information on the digital record unit.

VACS allows controlling the moving of employees andvisitors through the guarded territory and to restrict the access tothe premises of higher security.

The following isinstalled at the guard room: guard panel, VACS computer, equipment forvideo control and record, telephone.

At the receptiondesk the following is installed: GSS emergency button, warming systemmicrophone panel, telephone.

|             |                                                                           |
|-------------|---------------------------------------------------------------------------|
| 12.1.  | Mainprinciples of protection of the Building from the unauthorizedaccess: |

|  |              |                                                                                                          |
|--|--------------|----------------------------------------------------------------------------------------------------------|
|  | •  | during daytime theunauthorized access into the Building is permitted till tourniquets onthe first floor; |

|  |              |                                                                                                                 |
|--|--------------|-----------------------------------------------------------------------------------------------------------------|
|  | •  | for asingle access to lessees’ premises a visitor can get a guestcard upon request of the inviting party; |

|  |              |                                                       |
|--|--------------|-------------------------------------------------------|
|  | •  | access into office and servicepremises is impossible; |

|  |              |                                                                          |
|--|--------------|--------------------------------------------------------------------------|
|  | •  | during the night theunauthorized access into the Building is impossible; |

|  |              |                                                                      |
|--|--------------|----------------------------------------------------------------------|
|  | •  | all access paths into theBuilding are controlled with video cameras. |

|             |                        |
|-------------|------------------------|
| 12.2.  | Guard signaling system |

|  |              |                                                           |
|--|--------------|-----------------------------------------------------------|
|  | •  | Guard signaling systemconsists of the following elements: |

|  |              |                   |
|--|--------------|-------------------|
|  | •  | Detections means; |

|  |              |                  |
|--|--------------|------------------|
|  | •  | Warning buttons; |

|  |              |                                         |
|--|--------------|-----------------------------------------|
|  | •  | Guard signaling panel withcontrol unit. |

The following is equipped with the guardsignaling system:

|  |              |                             |
|--|--------------|-----------------------------|
|  | •  | Entrances into theBuilding; |

|  |              |                                   |
|--|--------------|-----------------------------------|
|  | •  | The Buildingfirst floorperimeter; |

|  |              |                   |
|--|--------------|-------------------|
|  | •  | Exits to theroof; |

|  |              |                    |
|--|--------------|--------------------|
|  | •  | Technicalpremises; |

|  |              |                                                                                                                |
|--|--------------|----------------------------------------------------------------------------------------------------------------|
|  | •  | Entrance doors of the officepremises from the elevator halls are equipped with the video accesscontrol system. |

Doors to the fire non-operatedstaircases and from the staircases outside are provided with‘‘anti-panic’’ locks ensuring free exit ofthe staff outside in any emergency situation.

Alarmwarning buttons are installed into reception desk and in the guarddesks.

Server room is a space of higher security andprotected by a magnetocontact indicator.

Guardindicators are combines to the guard panel integrated with otherengineering systems through the interface line.

38

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The main guard signaling panelis located in the guard room and connected to the system of the guardvideo control in such a way that the picture from the nearest videocamera goes to a monitor in the guard room simultaneously throughindicator impulse.

|             |                            |
|-------------|----------------------------|
| 12.3.  | Video accesscontrol system |

The following is equipped with the videoaccess control system:

|  |              |                                                                                                 |
|--|--------------|-------------------------------------------------------------------------------------------------|
|  | •  | Elevator hall and the firstfloor (either control system or access managing system isinstalled); |

|  |              |             |
|--|--------------|-------------|
|  | •  | Serverroom; |

|  |              |                  |
|--|--------------|------------------|
|  | •  | Dispatcher room; |

|  |              |             |
|--|--------------|-------------|
|  | •  | Guard room; |

|  |              |                                                                                                                                                                                                                                    |
|--|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | •  | Main premises with technological units andequipment for the Building maintenance (main distributing switchboards,transformer substation, UPS room, diesel generator, pump housesventilation chambers, central heating desk, etc.). |

One-level VACS is designed in the Building, identificationis exercised upon one feature —  electronic key-card.

Car entrances into the Building are equipped with liftinggates or barriers and contactless card readers.

Bothentrance and exit is controlled in the elevators.

|             |                         |
|-------------|-------------------------|
| 12.4.  | Guard television system |

The following is equipped with the guard televisionsystem:

|  |              |                           |
|--|--------------|---------------------------|
|  | •  | Perimeter of theBuilding; |

|  |              |                             |
|--|--------------|-----------------------------|
|  | •  | Entrances intothe Building; |

|  |              |                                 |
|--|--------------|---------------------------------|
|  | •  | Car entrancesinto the Building; |

|  |              |                 |
|--|--------------|-----------------|
|  | •  | Elevator halls; |

Guard television system ensures round the clock controlover key desks and recording of video information to magnetic carriersfrom all video cameras. If necessary, any camera can be shown to theguard monitor without recording breaking. Control monitors andrecording units are located in the guard room. The cameras of mainentrances into the Building are shown in the guard monitors forpermanent control.

|           |                     |
|-----------|---------------------|
| 13.  | Communicationsystem |

The Building is provided with the moderntelecommunication facilities. The main feeder consists of twoindependent opto-fiber cables. Telecommunication services in theBuilding are provided by three operators.

|             |                         |
|-------------|-------------------------|
| 13.1.  | Structured cable system |

Laying out of the structured cable system(СКС = SCS) is planned for providing the wholecomplex with the general telecommunication system including telephonecommunication, data transfer system (local computer net, connection toInternet). User net is executed as SCS.

Centralcommunication room is set for installation of active and passiveequipment.

|             |                    |
|-------------|--------------------|
| 13.2.  | Access to Internet |

Structural cable system of the Building is used fordistribution of access to Internet. Active equipment of the commutationcenter is installed in the central commutation room.

39

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|             |                               |
|-------------|-------------------------------|
| 13.3.  | Telephonecommunication system |

Telephone communication systemincludes the following elements:

|  |              |                   |
|--|--------------|-------------------|
|  | •  | Local telephones; |

|  |              |                  |
|--|--------------|------------------|
|  | •  | City telephones; |

|  |              |                                                          |
|--|--------------|----------------------------------------------------------|
|  | •  | Short-distance andlong-distance telephone communication. |

|           |                         |
|-----------|-------------------------|
| 14.  | Air TV receiving system |

MWand DMW (МВ и ДМВ) antennasare installed to provide receiving of air TV programs.

|           |                                                      |
|-----------|------------------------------------------------------|
| 15.  | Authomatization and dispatcher system ofthe Building |

Authomatization and dispatcher system ofthe Building is based on the programmed logic controllers. Operation ofthe Building engineering systems and regulation of the technologicalprocesses is managed by means of controllers.

Thesystem ensures control, regulation, management, blocking and protectionfrom emergency regimes of the following technical equipment in theBuilding:

|  |              |                    |
|--|--------------|--------------------|
|  | •  | Heat supplysystem; |

|  |              |                    |
|--|--------------|--------------------|
|  | •  | Cold supplysystem; |

|  |              |                                                 |
|--|--------------|-------------------------------------------------|
|  | •  | Inflow-exhaustventilation and air conditioning; |

|  |              |                           |
|--|--------------|---------------------------|
|  | •  | Power supply andlighting; |

|  |              |             |
|--|--------------|-------------|
|  | •  | Watersupply |

Automatic systems operate independently, in caseone of them breaks down.

|           |                                |
|-----------|--------------------------------|
| 16.  | Water supplyand sewerage lines |

|             |                                     |
|-------------|-------------------------------------|
| 16.1.  | Industrial anddrinking water supply |

Water supply source is the citywater pipeline. There is a separate system of industrial and drinkingwater pipeline and that of fire-fighting water pipeline. Branchpipelines to automatic fire fighting are stipulated from the waterpipeline inlet to the water gage unit.

|             |                     |
|-------------|---------------------|
| 16.2.  | Waste sewerage line |

Standpipes and main pipelines for waste water drainage fromthe planned sanitary zones for lessees are installed in the Building.Sanitary blocks and allocation of sanitary equipment therein ensuresconnection of sewerage line over the floor.

The net isa self-flowing system with outlets for the connection to the outsidenets.

|             |                    |
|-------------|--------------------|
| 16.3.  | Rain sewerage line |

To the system of rain sewerage line belong:

|  |              |                                                                                  |
|--|--------------|----------------------------------------------------------------------------------|
|  | •  | Rain and thawed waters fromthe roof through heated drain cone-shaped pipe heads; |

|  |              |                                                                                                               |
|--|--------------|---------------------------------------------------------------------------------------------------------------|
|  | •  | Drainage waters from ventilation chambersand pump-houses with installation of drainage pumps in thepit-wells. |

40

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|             |                                      |
|-------------|--------------------------------------|
| 16.4.  | Drainagesewerage line in the parking |

The system is designedfor collection and drainage of water from the floor of the 4-levelunderground parking by switching on of the automatic fire fightingsystem.

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| TheLessor:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |  | TheLessee:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                              |  |  |                                                                              |
| Name: Nikolay Nikolayevitch Rasskazov Position: GeneralDirector SS                                                                                                                                                                                                                                                                                                                                                                                                       |  |  | Name: Alexandr Efimovich RodnyanskyPosition: General DirectorSS                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

41

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Schedule No. 5

FORM OF THE ACTOFACCESS

                            ,2006City ofMoscow            

                                                                                                                                                        ,(‘‘Lessor’’) and                                                                                                                    (‘‘Lessee) hereby confirm that the authorizedrepresentatives of the Lessee were granted access to the Premises forconduction of the Lessee’s Works on the basis of the PreliminaryContract on concluding agreements #            dated                                ,2006 as of the date of signing of the present Act by the Lessor and theLessee.

The Premises are transferred in the conditionsdescribed in Appendix 1 hereto.

The Parties agree on thefollowing Defects, that the Lessor is obliged to recover.

[Defects]    [to be filled uponsigning]

|                                                                                                                                                                                                                                                                                                                                                                                                                   |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Lessor:                                                                                                                                                                                                                                                                                                                                                                                                           |  |  | Lessor:                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                 Name:Position: SS |  |  |                                                                 Name:Position: SS |
|                                                                                                                                                                                                                                                                                                                                                                                                                   |

|  | I agree with the abovestated in the Act of Access. GeneralContractor |
|--|----------------------------------------------------------------------|

|  | [                            ] |
|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |                                                                 Name:Position: Date: |
|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

42

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Schedule No. 6

LIST OF SERVICESNECESSARY FOR CONDUCTION OF THE LESSEE’SWORKS IN THEPREMISES

|          |                  |
|----------|------------------|
| 1.  | Utility Services |

|            |               |
|------------|---------------|
| 1.1.  | Power supply: |

|  |               |                                         |
|--|---------------|-----------------------------------------|
|  | –  | powersypply system on temporary scheme; |

|  |               |                                     |
|--|---------------|-------------------------------------|
|  | –  | lighting system on temporaryscheme. |

|            |               |
|------------|---------------|
| 1.2.  | Water sypply: |

|  |               |                           |
|--|---------------|---------------------------|
|  | –  | cold water supply system. |

|            |                                 |
|------------|---------------------------------|
| 1.3.  | Sewerage and waterpipe in full. |

|            |                  |
|------------|------------------|
| 1.4.  | Heating in full. |

|          |                       |
|----------|-----------------------|
| 2.  | Maintenance services: |

|            |                                         |
|------------|-----------------------------------------|
| 2.1.  | Elevator / elevating machine servicing. |

|            |                                                                                         |
|------------|-----------------------------------------------------------------------------------------|
| 2.2.  | Removal of containers with construction wastefrom the territory ajourning the building. |

|            |                                                                                                                                                                                               |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.3.  | Security of the building for the constructionperiod, direct ensuring of control–passing and inner–objectregime is imposed to the security division exercising the followingtasks: |

|  |               |                                                                                                              |
|--|---------------|--------------------------------------------------------------------------------------------------------------|
|  | –  | to accept under control in theidle time the construction site with the existing material values andproperty, |

|  |               |                                                                                                                                                          |
|--|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | –  | to control the entrance andexit of persons, bringing-in and bringing-out of the material valuesand property to and from the construction site territory; |

|  |               |                                                                                                                                                           |
|--|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | –  | to control the entrance and exit ofvehicles, bringing-in and bringing-out of the material values andproperty to and from the construction site territory. |

Official rights and duties of the security divisionemployees regarding the building and the territory protection shall bedetermied by the job istructions approved by the management of thesecurity agency and agreed upon by the Profico business-centermanagement. Responsibility for organization and quality of conductingservice at the object shall be imposed to the security chief, to whomthe division personnel is reporting.

|            |                                                                                                                                                                  |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.4.  | Control-passing regime during construction andconduction of finishing works shall be the integral part of the genrealsecurity and is introduced with the aim to: |

|  |               |                                                                                                                                                                                           |
|--|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | –  | ensure sanctioned passage of constructioncompanies’ employees, bringing–in (bringing–out) ofthe material values and property , systematic operation of theorganization; |

|  |               |                                                                                                                  |
|--|---------------|------------------------------------------------------------------------------------------------------------------|
|  | –  | prevent the uncontrolledpassage of strangers and outside vehicles to the protected territoryand to the building; |

|  |               |                                                                                                                                                  |
|--|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
|  | –  | duly reveal ofthreats to the organizations’ interests, as well as ofpotentially dangerous consitions facilitating material or moraldamage; |

|  |               |                                                                                                                                                                                                         |
|--|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | –  | establish good guarantees ofmaintening the organizational stability if outer and inner relations ofthe organization, practice of the operational reaction meachanism tothe threats and negative trends; |

|  |               |                                                                         |
|--|---------------|-------------------------------------------------------------------------|
|  | –  | suppresion of infridgements to the legalinterests of the organizations. |

43

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| TheLessor:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  | The Lessee:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                         Name:Nikolay Nikolayevitch Rasskazov Position: General DirectorSS |  |  |                                                                         Name:Alexandr Efimovich Rodnyansky Position: General DirectorSS |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

44

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Schedule No. 7

LEASEAGREEMENT DRAFT

45

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Schedule No. 8

COMPOSITION OFTHE WORKING PROJECT

...in accordance with therequirements of the Resolution of the major # 378-PM dated April11,  2000, Regulations on the unified procedure of pre-projectand project preparation of the construction in the city of Moscow, SNIP11-01-95, MPP-3.2.06.03-99 approved by the Decree of the major of thecity of Moscow # 294-PM dated 05.04.00 (in the 3rd edition),including:

1.    Task for making project of initialmaterials for the project.

2.    General explanatorynote.

3.    Architecture and constructionsolutions.

Explanatory note.

Main drawings(in variants):

|  |               |                                                              |
|--|---------------|--------------------------------------------------------------|
|  | –  | floor plans ofnon-repeated floors M 1:100 (M 1:50, M 1:200); |

|  |               |                               |
|--|---------------|-------------------------------|
|  | –  | facades and sections M 1:100; |

|  |               |                                                                         |
|--|---------------|-------------------------------------------------------------------------|
|  | –  | constructive schemes (units-fornon-traditional constructive solutions); |

|  |               |                                                                           |
|--|---------------|---------------------------------------------------------------------------|
|  | –  | main drawings of frameworks (as a part ofthe approved working documents). |

4. Working documents onengineering equipments and systems.

4.1. Cold watersupply and air conditioning;

4.2. Ventilation;

4.3. Anti-smoke inflow ventilation;

4.4. Smokeremoval;

4.5. Heat supply;

|            |          |
|------------|----------|
| 4.6.  | Heating; |

|            |                              |
|------------|------------------------------|
| 4.7.  | Water-pipeline and sewerage; |

|            |                                                               |
|------------|---------------------------------------------------------------|
| 4.8.  | Automatic sprinkler installations ofwater fire-extinguishing; |

|            |                               |
|------------|-------------------------------|
| 4.9.  | Fire-fighting water pipeline; |

|             |                           |
|-------------|---------------------------|
| 4.10.  | Electric power equipment; |

|             |                    |
|-------------|--------------------|
| 4.11.  | Electric lighting; |

|             |                                                                                  |
|-------------|----------------------------------------------------------------------------------|
| 4.12.  | Dispatching and engineering systemsmanagement (to the extent of Technical task); |

|             |                                                                                                                                     |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------|
| 4.13.  | Automatic installing of foamextinguishing (Automatic system of gas fire extinguishing in accordancewith a separate technical task); |

|             |                                                              |
|-------------|--------------------------------------------------------------|
| 4.14.  | Signaling system and system ofnotifying of people upon fire; |

|             |                                                                             |
|-------------|-----------------------------------------------------------------------------|
| 4.15.  | Automatic installing of fire alarmand automatics of fire-fighting measures; |

|             |                       |
|-------------|-----------------------|
| 4.16.  | TV monitoring system; |

|             |                                                    |
|-------------|----------------------------------------------------|
| 4.17.  | Telephone communication net andlocal computer net; |

|             |                                           |
|-------------|-------------------------------------------|
| 4.18.  | Cityradio-transmission communication net; |

|             |                  |
|-------------|------------------|
| 4.19.  | Broadcasting TV; |

|             |                         |
|-------------|-------------------------|
| 4.20.  | Lower-voltage sewerage; |

5. Technological solutions.

46

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|            |                   |
|------------|-------------------|
| 5.1.  | Explanatory note. |

|            |                                                                          |
|------------|--------------------------------------------------------------------------|
| 5.2.  | Floor plans with locations and specifications oftechnological equipment. |

|          |                                                             |
|----------|-------------------------------------------------------------|
| 6.  | Organization of theconstruction (Works Conduction Project). |

|          |                                                      |
|----------|------------------------------------------------------|
| 7.  | Jointestimated calculation of the construction cost. |

Paragraphs 2-7 shall be worked out and delivered to theLessor to the extent as it is stipulated in Appendix 13 to # 378-PMdated April  11,  2000.

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| TheLessor:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  | The Lessee:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                         Name:Nikolay Nikolayevitch Rasskazov Position: General DirectorSS |  |  |                                                                         Name:Alexandr Efimovich Rodnyansky Position: General DirectorSS |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

47

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