Document:

Exhibit 10.1

 

 

[English translation from the original
Russian language document]

 

GENERAL AGREEMENT No. TR-0672

on General Conditions of Financing against
Assignment

of Monetary Claim (Factoring) within
Russia

 

	the city of St. Petersburg	September 19, 2012

  

OTKRITOE AKTSIONERNOE
OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter referred to
as the "Financial Agent", represented by Deputy Director
for Clients Relations of OAO "ALFA-BANK" Mr. A.G. Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012,
on the one hand, and TOT MONEY LLC (Principal State Registration Number 1127746225540), hereinafter referred to as
the "Client", represented by General Director Ts.Kh. Katsaev, acting under the Charter, on the other hand, together hereinafter
referred to as the "Parties", entered into this Agreement as follows.

 

1.
Terms and Definitions

 

Unless otherwise
is specified in this Agreement, the following definitions of basic terms shall be applied:

Debtor
(Debitor) — a legal entity - the Russian Federation resident to which the Client supplies goods (works or services),
monetary claims to whom are passed by the Client to the Financial Agent under the conditions specified in this Agreement;

Monetary Claim
— the Client's monetary claims to the Debtor arising from the Contract, including those assigned by the Client to the
Financial Agent as a security of fulfillment of the Client's obligations to the Financial Agent to repay the amounts of financing,
payment of remuneration (commission) of the Financial Agent and other obligations of the Client under this Agreement on the terms
and in the procedure specified in this Agreement and Supplemental Agreements to this Agreement;

Contract
— a contract of sale and purchase (supply) of goods, a contract for performance of works, a contract of compensated
rendering of services or any other contract between the Client and the Debtor and supplemental agreements thereto;

Financing Limit
— the maximum amount of the Financing established by the Financial Agent, and within which the Financial Agent shall
finance the Client against the monetary claims assigned to the Financial Agent;

"Alfa-Client
On-line'' System — a part of the corporate information
system of the Financial Agent designed for remote servicing of the Client using the Internet, which provides, inter alia, preparation,
transmission, reception, processing of electronic documents transmitted by the Client to the Financial Agent;

Factoring (factoring
operations) — operations, according to which the Client shall assign to the Financial Agent monetary claims to a third
party (hereinafter referred to as the Debtor) arising from supply of goods by the Client (performance of works or rendering of
services) to the Debtor, and the Financial Agent shall provide the Client with monetary funds (financing) under the conditions
and procedures specified in this Agreement and supplemental agreements to this Agreement and provide the following services:

a) tracking the current state of monetary
claims to the Debtor and monitoring the timeliness of payment (the administration of accounts receivable);

b) other financial services related to
the cash requirements.

Financing
— monetary funds provided by the Financial Agent of the Client on a reverse and repayment basis and against assignment
of monetary claims of the Client to the Debtor (the Debitor). The Financial Agent provides financing only in case of signing by
the Parties of appropriate supplemental agreements to this Agreement, defining the conditions and procedure for payment of the
Financing;

Bar Code
— a set of linear two-dimensional symbols printed on the document of supply, used for automatic identification of
the principal details of shipping documents. The standard of the
information contained in the bar code is determined by the Financial Agent.

 

2.
Subject of Agreement

 

2.1. The subject
of this Agreement is the fulfillment of factoring operations within Russia, according to which the Client shall assign to the Financial
Agent receivables to the Debtors for payment of goods supplied by the Client (performed works or rendered services) arising out
of contracts providing for deferred payment, and the Financial Agent shall provide to the Client monetary funds (financing) against
the assigned monetary claims within the limits of financing under the conditions specified in this Agreement and supplemental agreements
thereto, and provide the Client with services of tracking the current status of accounts receivable, monitoring the timeliness
of payment, providing other services in accordance with addendums to this Agreement.

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev      

 

    	 

    	 

    

 

	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

 2.2. The assignment
of monetary claims under this Agreement is to secure the performance of the Client's obligations to the Financial Agent for repayment
of the amounts of financing, payment of remuneration of the Financial Agent and other obligations of the Client under this Agreement.

2.3. In accordance
with this Agreement the Financial Agent undertakes to provide financing against the assignment of monetary claims to certain Debtors
which at the moment of assignment have not been fulfilled by the Debtors.

The maturity of monetary
claims to the Debtors assigned by the Client to the Financial Agent shall not exceed the term of this Agreement.

Information about
the Debtors and the details of the Contracts shall be specified in supplemental agreements to this Agreement. The existence of
a monetary claim is also confirmed by documents transmitted by the Client to the Financial Agent in accordance with this Agreement
and allow to identify the Monetary Claim.

2.4. Any monetary
claim of the Client to any of the Debtors shall be transferred to the Financial Agent at the time of transferring by the Client
to the Financial Agent of the documents referred to in Paragraph 4.1 of this Agreement, provided that the Client has outstanding
obligations to the Financial Agent to repay the amount of financing provided by the Financial Agent against the assignment of any
monetary claims.

If at the date of
receiving and transferring of documents in respect of any monetary claims the Client has no outstanding obligations to the Financial
Agent to repay the amount of financing provided by the Financial Agent for the assignment of any monetary claims, than such monetary
claims shall be transferred to the Financial Agent on the date of payment to the Client of the amount of financing against the
assignment of the respective monetary claim.

Simultaneously with
the assignment of the monetary claim for payment of goods (works / services) under the Contract all the rights to enforce the assigned
Monetary Claim, as well as other rights related to the Monetary Claim, including the right to unpaid interest for the unauthorized
use of other persons' monetary funds or other sanctions for failure to perform or improper performance of obligations under the
assigned claims (fines, penalties), and the rights to secure obligations under the assigned monetary claims and rights of the beneficiary
in all possible claims insurance claims of the Client related to the Contract, shall be transferred to the Financial Agent.

If additional procedures
are required for transfer of the mentioned rights to the Financial Agent, the Client agrees to properly arrange the procedure of
transferring these rights to the Financial Agent.

2.5. In addition
to the security referred to in Paragraph 2.2 of this Agreement, the proper execution of the Client's obligations under this Agreement
is also secured with:

- Surety of Joint
Stock Company «SAT & Company», implemented with the Guarantee Agreement No TR-0672/p1 of September 19,
2012.

 

3.
Establishing the Financing Limits to the Client in respect of the Debtor

 

3.1.
For establishing the Financing Limit by the Financial Agent, the Client shall provide the following documents:

- duly certified copy of the Contract between
the Client and the Debtor with all addendums and supplements;

- accounting and financial reporting of the
Client for the last reporting period certified by the territorial tax authority;

- the transcript of the Client's accounts
receivable;

- notice on the new buyer of goods (works,
services);

- other documents that may be required by
the Financial Agent for determining the conditions of financing.

3.2.
The Financial Agent shall establish a limit of financing of the Client in respect of each of the Debtors on the basis of
the analysis of the documents provided by the Client mentioned in Paragraph 3.1 of this Agreement and other information held by
the Financial Agent. The Financial Agent shall notify the Client by letter or by fax within two business days from the date of
the establishment or modification on the amount of the Financing Limit of the Client established in respect of each of the Client's
Debtors.

The payments under
this Agreement shall be made in rubles.

3.3. The Financing
Limits shall be set in respect of the Client's Debtors in Russian rubles. Payment of the Financing to the Client shall be effected
in Russian rubles. If the monetary claim being assigned by the Client is denominated in foreign currency, the financing against
the assignment of such claim shall be effected by the Financial Agent in rubles at the exchange rate of the respective currency
set by the Bank of Russia on the day of provision of financing.

3.4. The maximum
size of the aggregate limit of financing under this Agreement shall not exceed 300,000,000.00 (Three hundred million 00/100) Russian
rubles.

3.5.
The Financing shall be paid and repaid in accordance with this Agreement and the Supplementary Agreements thereto.

 

4.
Rights and Obligations of the Client. Guarantees and Representations of the Client

 

4.1. As goods (works
or services) are supplied to the Debtor, the Client shall within 7 (Seven) working days from the date of supply of goods (works
or services, hereinafter also - the "supply") to transfer to the Financial Agent one copy of all documents relating to
the supply of goods (works, services) furnished in accordance with applicable laws or customs of trade:

- originals or duly
certified copies of the commodity-transport documents (invoices, bills of lading, certificates of reception and transmission, etc.);

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev      

 

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	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

 - an original proforma-invoice
(invoice), as well as other documents requested by the Financial Agent.

One of the transferred
documents signed by the Debtor shall include confirmation of receipt by the Debtor (the carrier in accordance with the Contract)
of goods (service) or acceptance by the Debtor of the results of work in the amount of the assigned monetary claim.

Transfer and reception
of the abovementioned documents which allow to identify the money claim shall be performed according to the Register compiled in
the form in accordance with Annex No. 2 to this Agreement, in 2 copies (one copy for each of the Parties), on which marks on the
provision of documents by the Client and receiving of them by the Financial Agent shall be made.

Simultaneously with
the abovementioned documents the Client shall transfer to the Financial Agent a notice on the assignment of monetary claims (in
the form of Appendix No. 1 to the Agreement) signed by the Debtor, which is done by the Client in favor of the Financial Agent
(if such notice had not been sent to the Financial Agent before). In
case the Client does not notify the Debtor of the assignment of monetary claims, it may be sent by the Debtor by the Financial
Agent.

The Client agrees
to specify the Financial Agent's payment details in all original invoices.

In case the payment
details are entered in the shipping documents, the Client shall specify in these documents the Financial Agent's payment details.

The Financial Agent
shall have the right to deny financing against the assignment of monetary claims in respect of which the Client did not provide
properly executed documents.

4.2. If the assigned
monetary claim is declared invalid, then the Client within 5 (five) working days from the date of the claim of the Financial Agent
shall return to the Financial Agent received financing as well as to pay all fees (commissions) and other amounts due to the Financial
Agent in accordance with this Agreement.

4.3.
The Clients undertakes in advance (before signing) to agree with the Financial Agent the forms of Contracts with Debtor,
additions and amendments thereto, as well as other documents referred to in paragraph 4.1 of this Agreement. Certified copies of
signed contracts, and amendments thereto, the Client shall provide to the Financial Agent within five (5) working days.

4.4. The Client undertakes
to the Financial Agent to repay the amount of financing, to pay the fee of the Financial Agent and other fees in the manner and
within the deadlines established in this Agreement and its Supplementary Agreements. In this case the amounts paid by the Debtors
as receivables assigned to the Financing Agent shall be set off against the execution of monetary liabilities of the Client under
this Agreement. The Client undertakes to ensure proper performance of its obligations under the Contracts to the Debtors.

4.5. If the Financial
Agent paid the financing to the Client, and the Debtor reduced payment under the Contract, or declares his intention to reduce
the amount of the payment by the amount of sanctions arising from the failure of the Contract by the Client in the amount of value
of returned goods or other conditions stipulated by the Contract or by law, the Client shall, within 5 (Five) working days after
the Financial agent sends a notification on the abovementioned event, to transfer as a repayment of appropriate financing and payment
of remuneration to the Financing Agent an amount by which the Debtor reduced the payment under the assigned monetary claim.

4.6. The Client agrees
to immediately notify the Financial Agent on the returned shipments of goods (refusal to accept the results of works, rendered
services) with the reasons, and within 5 (five) working days from the date of the return to pass to the Financial Agent the way-bill
or other document evidencing the return of the goods (a refuse to accept the result of work).

4.7. The Client shall
promptly notify the Financial Agent about any information that has become known to him about adverse circumstances, substantially
increasing the risk in respect of the solvency of the Debtors, or increasing the risk of default by any Debtor of the monetary
claim assigned to the Financial Agent, including:

- about negative circumstances
in respect of the solvency of Debtors that can adversely affect the execution of the assigned claim;

- about events where
the Debtor for any reason, disputes the validity of the Contract or any of its terms or the size of its liabilities under the Contract;

- about events where
the rights of third parties are declared in relation to the assigned claim or its security;

- about all other changes
of legal and/or economic nature, related either to the Client or to the Debtor, influencing the performance of obligations that
are the subject of the Agreement, even in cases where the changes affect only some obligations or relationship with some Debtors.

This information
shall be reported by the Client to the Financial Agent orally by telephone immediately and in writing (by fax, e-mail or by courier)
including copies of relevant documents no later than the day following the day on which this information became known to the Client.

4.8.
The Client agrees on a quarterly basis, no later than 3 (Three) working days from the date of delivery of documents to the
tax authority to provide the Financial Agent with copies of the following of documents with a mark of tax authority, certified
by the director and the seal of the Client:

- balance sheet (form No. 1);

- profit and loss statement (form No. 2);

- transcript of accounts receivable and other
documents that allow, in accordance with the regulatory requirements of the Bank of Russia to reclassify the financial standing
of the Client.

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev       

 

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	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

 4.9. In the
event of a dispute between the Debtor and the Financial Agent for issues related to the implementation by the Financial Agent
of its rights under the assigned monetary claims, the Client shall within 3 (Three) working days from the date of the relevant
request of the Financial Agent to provide the Financial Agent with all necessary documents, which it has or can obtain and provide
all the information which it knows or can get, that can contribute to settlement of the dispute.

4.10.
The Client provides the Financial Agent with assistance in possible repayment under the assigned claims at the expense of
security of the Debtor's obligations under the Contract. The Client shall promptly transmit to the Financial Agent copies of relevant
documents, which it exchanges with the Debtor, and that may have a significant impact on the performance of the Debtor's obligations
to the Financial Agent, within 3 (three) working days after the sending or receipt of such documents.

4.11.
Payments of the Debtors under the monetary claims assigned to the Financial Agent, received mistakenly directly by the Client,
shall be transferred by the Client within 2 (Two) working days from the date of transfer of funds on the Client's account, as repayment
of the respective monetary claim, executed by the Debtor, to the Financing Agent's account which payment details are specified
in Paragraph 12.1 of this Agreement. If the monetary claim against the Debtor was not financed, the Client undertakes to transfer
to the Financial Agent due remuneration (commission) for services actually rendered for administration of accounts receivable and
within 3 (Three) working days from the date of receipt of payment send to the Financial Agent a written notice of no claims to
the Debtor in respect of the payment under the mentioned monetary claim.

4.12. In the event
of non-payment in full by the Debtor of the monetary claim assigned to the Financing Agent covered by the terms of this Agreement
within 42 (forty two) days beyond the due date of payment under the Contract, provided that financial assets received by the Financial
Agent from the Debtor are not sufficient to repay the amount of financing provided under the assignment of this Monetary Claim,
remuneration of the Financial Agent and other obligations of the Client secured by assignment of the monetary claim, the Client
responsible for any failure to perform by the Debtor money claims pursuant to Paragraph 6.4 of this Agreement, shall within 3 (Three)
working days after the expiration of the aforesaid period, as the repayment of the respective monetary claims, unfulfilled or improperly
executed by the Debtor transfer to the account of the Financial Agent payment details of which are specified in Paragraph 12.1
of this Agreement, the rest of the amount not received from the Debtor under the assigned monetary claim amount.

At that the Financial
Agent shall be considered as assigned back the appropriate balance of the Monetary Claim, settled by the Client in accordance with
the terms of the first subparagraph of this paragraph, in the amount equal to the amount of repayment, including the security related
to this balance of the Monetary Claim. The balance of the respective Monetary Claim, settled by the Client in accordance with the
terms of the first subparagraph of this paragraph shall be considered to be the assigned back to the Client at the moment of receipt
of the Client's payment as a settlement of the Monetary Claim balance. The Financial Agent at the Client's request shall return
the documents previously received from the Client that identify a monetary claim under the documents reception and transfer act.
The obligation to send to the Debtor a notice of reverse assignment shall be performed back by the Client.

4.13.
The Client shall be entitled to transfer the appropriate amount of the Financial Agent for the unperformed or improperly
executed by Debtor money claims before the deadline specified in Paragraph 4.12 of this Agreement.

4.14.
In the event that the monetary claim assigned to the Financial Agent is paid, but the incoming payment (s) is (are) not
sufficient to repay the Client's debt under provided financing and commissions payable to the Financial Agent under the claim,
the Client shall within 5 (Five) working days from receipt of payment under the assigned monetary claim to pay to the Financing
Agent the balance between the amount of debt of the Client to the Financial Agent and the amount actually received under the monetary
claim.

4.15.
The Client undertakes to return the countersigned act, in accordance with Paragraph 5.2 of this Agreement, no later than
3 (three) working days from the date of its receipt by the Financial Agent.

4.16. The Client
may submit to the Financial Agent queries about current status of its relationship with the Debtors, transferred to the factoring
service, and request copies of documents that contain information directly relating to the execution of this Agreement.

4.17.
The Client may apply to the Financial Agent asking to change the Financing Limit in respect of any Debtors transferred for
factoring services.

4.18.
The Client may refuse to transfer to the Financial Agent monetary claims to all the Debtors, if the Client notify in writing
the Financial Agent of the intention to refuse the transfer monetary claims writing. The Client continues to pay all its obligations
under the monetary claims transferred before.

4.19. If any amount
paid (including the amounts by means of debiting by the Financial agent without additional orders (accept) of the Client) or collect
as a debt repayment to the Financial agent under this Agreement is less than the amount due to the Financial agent for repayment
in full, this amount is used in the following order:

1) first, to pay
the costs of the Financial agent to obtain the performance;

2) second, to the
payment of remuneration (commission) of the Financial Agent

3) third, to repay
the debt to repay the amounts of funding;

4) fourth, to pay
the amount of a penalty (fine, penalty);

5) fifth, for the
payment of any other sums due to the Financial agent of the present Agreement.

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev       

 

    	4(9)

    	 

    

 

	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

 If the Financial
agent has the claims relating to the same queue, the other made with the Client’s contracts (agreements) order of maturity
of such indebtedness under this Agreement and any other agreement (contract) is determined by the Financial agent alone.

4.20. The Client
hereby certifies financial agent and ensures that the date of this Agreement, the date of grant of any funding under this Agreement:

4.20.1. the Client
is a duly incorporated legal entity, acting in accordance with the legislation of the Russian Federation;

4.20.2. the Client
respected the corporate procedures necessary to enter into this Agreement;

4.20.3. this Agreement
on behalf of the Client is signed by a person who is duly authorized to perform such acts;

4.20.4. entering
into this Agreement and performing its terms will not break and will not lead to a breach of statutory documents, any provision
of the legislation of the Russian Federation or any agreement or instrument to which a party to the Client;

4.20.5. there are
no circumstances that may restrict, prohibit or otherwise have a material adverse effect on the performance of obligations by the
Client under this Agreement.

 

5.
Rights and obligations of the Financial Agent

 

5.1.
Upon receipt full or partial payment of monetary claims from the Debtor to the account of the Financial Agent which payment
details are specified in Paragraph 12.1 of this Agreement, and obtaining the payment document (payment order, etc.) by the Financial
Agent, the Financial Agent no later than the next working day shall send to the Client's account specified in Paragraph 12.2 of
this Agreement, the remainder of the payment amount, received from the Debtor minus the Financing Agent's remuneration, the amount
of financing provided against the appropriate assignment of monetary claims, and other amounts that the Financial Agent may withhold
in accordance with this Agreement.

5.2. At the Client's
request the Financial Agent shall send to the Client all information available to the Financial Agent concerning the execution
of this Agreement and allowing the Client to monitor the status of the relationship with the Financial Agent and the Debtor, transferred
to the factoring service. Quarterly, not later than 7th business day of the month following the last month of the quarter, a reconciliation
shall be made the results of which are reflected in the reconciliation act.

5.3.
Unless otherwise established by this Agreement or the supplemental agreement of the Parties, all costs related to filing
a claim by the Financial Agent for the conduct of the court proceedings on the fact of non-payment on time assigned his monetary
claims, is the financial agent. If in the course of the trial will
be set following circumstances:

- deliberate actions (inaction) of the
Client, the Client's employees;

- inconsistency of the Contract to the
legislation of the Russian Federation, which resulted in the recognition thereof invalid (not concluded);

- debt cancellation under the Contract
with the Debtor;

- non-fulfillment or improper fulfillment
by the Client its obligations to the Debtor;

- invalidity of the assigned monetary
claims,

the Client shall
reimburse the Financial Agent all expenses incurred according to invoice issued by the Financial Agents, as well as the applicable
VAT.

5.4.
The Financial Agent shall be entitled to establish and change of Financing Limit of the Client.

5.5. If the Financing
Limit is not set in respect of any Debtor of the Client, it is considered to be zero.

5.6. In the event
that any Monetary Claim initially exceeding the original Financing Limit is under the financing limit after payments effected by
the Debtor, and term of payment of this claim under the Contract has not expired, the Financial Agent provides financing in accordance
with the terms of the Agreement.

5.7. The Financing
Agent shall not be liable to pay the financing to the Client, if the period of payment of monetary claims by the Debtor under the
Contract, is the same as occurred before the date of receipt from the Client of the complete set of documents relevant to the supply
of and information about the respective Debtor.

5.8. The Financial
Agent may apply any measures that do not contradict the current legislation, and to reach agreements with the Debtors of the Client,
as well as with third parties as it deems appropriate in order to receive payment under the Contract. In this case the Financial
Agent shall take into account the financial interests of the Client and inform the Client on such measures. The Client agrees to
reimburse the Financial Agent documented reasonable costs under the agreements reached with third parties for payment of Monetary
Claim, and also applicable of VAT.

5.9. The Financial
Agent has a right to demand the provision of accounting and other documents of the Client for checking received proforma-invoices
and other documents confirming performance by the Clients the obligations under the Contract.

5.10. The Client
requests the Financial Agent to write off without additional orders (acceptance) of the Client from the Client's current accounts
in currency of the Russian Federation opened and also to be opened by the Client in the future in the Financial Agent, monetary
funds in the amount of any unsettled liabilities of the Client under this Contract.

The Client acknowledges
that the order of the Financial Agent set out in this paragraph 5.10 is the acceptance by the Client of any claim of the Financial
Agent to withdraw funds from current accounts of the Client in accordance with this Agreement (pre-acceptance of this).

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev        

 

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	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

In the absence or insufficiency of monetary
funds in the current accounts of the Client, opened in the Financial Agent in the currency of the Russian Federation, and in the
presence of current accounts in foreign currency, the Client agrees to issue and up to the full performance of its obligations
under this Agreement not to revoke the order to the Financial Agent to sell foreign currency from the Client's current accounts
in foreign currency under conditions of the Financial Agent, and credit earnings to the Client's current account in the currency
of the Russian Federation for the debiting by the Financial Agent in accordance with this Agreement, also the Client agrees to
provide financial documents to the Financial Agent needed to sell this foreign currency and make appropriate supplemental agreements
to contracts of bank accounts with the Financial Agent. [In addition to the Client account in rubles, and also the current account
in a foreign currency, the Client must sign a financial agent of a separate agreement to additional bank accounts in foreign currency
on the order of sale of foreign exchange for the replenishment of the Client 'account in rubles to is exposed to the payment by
the Financial agent].

5.10.1. The client
provides the financial agent of the right to deduct without additional orders (accept) the Client on the basis of payment by the
Financial Agent with the Client's current account in the currency of the Russian Federation, opened, and in the future with other
banks (hereinafter - the "service bank"), the funds in the amount of any default by the Client hereunder.

In order to implement
the financial agent to withdraw funds from the Client's current account established by this Agreement, the Client shall:

- Not later than
three (3) working days from the date of opening an account in a bank serving written notice to the fiscal agent, said details of
the account;

- Set in the agreement
with the servicing bank to the full performance of its obligations hereunder shall not revoke the right of the Financial Agent
to debit funds from the Client's current account in the currency of the Russian Federation on the basis of payment by the Financial
Agent, and the servicing bank to issue in advance and to the complete fulfillment of their obligations hereunder shall not revoke
the acceptance of payment by the Financial agent, including by the Financial agent corresponding to conclude a tripartite agreement
between the financial agent, the Client and maintain the bank;

- In the absence
or insufficiency of funds in the Client's current account in the currency of the Russian Federation, which is open to the servicing
bank, and with the settlement of foreign currency accounts opened by the Client in a servicing bank, issues, and to the complete
fulfillment of its obligations hereunder shall not revoke the order servicing bank to sell foreign currency with Client's current
account in foreign currency under the servicing bank and credited with proceeds to the account of the Client in the currency of
the financial agent for cancellation in accordance with this Agreement, including, Client agrees to provide the servicing bank
documents required to sell such foreign currency as well as to make appropriate additional agreement to the bank account with the
account bank and, by the Financial agent, the tripartite agreement between the Financial agent to the Client and maintain the bank.

5.11. The Financial
Agent shall notify the Client not later than 3 (three) working days before the end of the period specified in Paragraph 4.12 of
this Agreement, on the obligation of the Client to make payment in accordance with Paragraph 4.12 of this Agreement. The notification
is made in writing (by mail or fax).

5.12. The Financial
Agent, having received from the Client monetary funds in consideration for fulfillment of the obligations in accordance with Paragraph
4.12 of this Agreement no later than the next business day, shall send to the Client's account the remainder of the payment amount
minus its fees, financing, and other amounts that the Financial Agent shall be entitled to retain in accordance with this Agreement.

5.13. The Financial
Agent shall be entitled till the expiration of the periods specified in Paragraphs 4.12, 4.14 of this Agreement, require the Client
to repay the debt in respect of provided financing and payment of commissions on monetary claims due to the Financial Agent, the
maturity of which according the Contract have occurred, and/or terminate this Agreement unilaterally, upon the occurrence of any
of the following events:

a) in violation by
the Client of any obligations under this Agreement and supplemental agreements thereto, including the obligations set out in Section
4 of this Agreement;

b) the commencement
(or renewal) of court proceedings against the Client or raising a claim against the Client for payment of taxes or fees, or commencement
in respect of the Client the proceedings related to the tax, or an administrative offense, which may result of deteriorating financial
standing of the Client;

c) seizure of the
Client's property;

d) identification
of false or incomplete information provided by the Client Financial Agent in accordance with this Agreement;

e) initiation of
proceedings for compulsory liquidation or insolvency (bankruptcy) of the Client;

f) reorganization
or voluntary liquidation of the Client without a prior written notice to the Financial Agent;

g) termination or
modification without a written notice to the Financial Agent of the type of activity of the Client carried out on the date of signing
this Agreement;

h) indictment of
the Borrower's general director(s) as a defendant in a criminal case;

i) the transfer of
property by the Client without the Financial Agent's prior written consent into mortgage, lease, trust management, as well as the
encumbrance of assets of the Client in other ways;

j) significant changes
in the Client's corporate bodies (the change of CEO, the Board of Directors (Supervisory Board) and other bodies);

k) violation by the
Client of the conditions of other contracts and other agreements concluded between the Client and the Financial Agent;

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev       

 

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	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

  l) the occurrence
of the circumstances listed in paragraphs "b", "c", "d", "e", "s", this paragraph
in respect of the Guarantor (s) under the Contract (s) guarantee, signed (ies) in the enforcement of client's obligations under
this Agreement

m) the occurrence
of the circumstances listed in paragraphs "b", "c", "d", "g" of this paragraph with respect
to any of the debtor

n) the termination
of the contract (s) guarantee, the prisoner (s) to secure the performance of the Client's obligations under this Agreement;

o) in the event of
arrears for more than five (5) working days to the existing loan products provided by OJSC "Alfa-Bank" in favor of the
Client, OOO "RM-Invest" (St. Petersburg) (BIN 5067847074246), SC "SAT & Company »(Kazakhstan) (RNN 600700233440)."

5.14. The Financial
Agent may refuse to make payments of financing and/or not to accept for servicing under this Agreement money claims to the Debtors
assigned by the Client for up to 90 (ninety) calendar days in case of nonperformance or improper performance by the Client of the
obligations under this Agreement.

5.15. In case of
failure or improper performance of obligations by the Client under this Agreement, the Financial Agent may terminate this agreement
unilaterally by means of the unilateral renunciation of its performance by giving the Client a written notice at least 90 (ninety)
calendar days. Upon termination of this Agreement the Client's obligations do not cease and are valid until they are fulfilled
properly by the Client.

5.16. The Financial
Agent shall have the right to refuse to accept money from the Client money claims to all or specified Debtors, if the Financial
Agent less than 30 (thirty) calendar days before the date of the
refusal notify the Client in writing of the intention to refuse to accept such claims. At that the Financial Agent continues to
perform all its obligations under the money claims transferred earlier.

5.17.
In the case of full or partial non-payment by the Debtor of delivered goods (services, works) under the monetary claims
assigned to the Financial Agent and financed within the period prescribed by the Contract, the Financial Agent shall be entitled
to repayment of financing previously paid to the Client, related to the abovementioned monetary claim, as well as retention by
the Financial Agent's remuneration on account of the Debtor's payments due on other supplies.

 

6.
Responsibilites of the Parties

 

6.1. The Client is
responsible for the validity of all monetary claims, assigned in accordance with this Agreement, the ability to transfer and the
absence of objection related to them.

Money claim is considered
to be not valid, in particular, in the following cases:

- in the event that the Contract, under
which the monetary claim appeared, void;

- if the money claim ceased before its
transition to the Financial Agent;

- in case of nonperformance or improper
performance by the Client of its obligations under the relevant Contract, which is the basis of non-performance or improper performance
of the assigned monetary claim and the presence of the Debtor's other objections, legally allowing the latter not to fulfill a
monetary claim, including related to non-compliance of the Contract form and the invalidity of the documents submitted by the Client
to the Financial Agent in accordance with Paragraph 4.1.this Agreement;

-in the event that the monetary claim
ceases after its transition to the Financial Agent by offsetting counterclaims of the Debtor;

- the Client at the time of the assignment
was not the owner of a monetary claim, including in connection with assignment thereof according to the previously signed agreement,
as well as other events where the Client has no right to transfer the monetary claim;

- in the event that the monetary claim
ceases in connection with the termination of the Contract for any reason.

If the monetary claim assigned by the
Client to the Financial Agent, will be null and void, and if there are other circumstances in connection with which the Debtor
may not fulfill the monetary claim, the Client agrees to reimburse the Financial Agent the amounts of financing in the order provided
in Paragraph 4.2 of this Agreement .

6.2. The Financial
Agent shall have the right to refuse to pay the financing to the Client on account of monetary claim to the particular Debtor,
if the Debtor fails to perform or improperly performs its obligations under the Contract, including effecting the payments not
within the terms stipulated by the Contract, disputes its payment obligations, as well as in the events referred to in Paragraph
6.1 of this Agreement. The date of the refusal of the Financial Agent to pay the financing is the date of receipt of the Debtor's
written notice of objections and protests, or termination of the Debtor's obligations under the Contract by means of offset the
oncoming uniform monetary claim. In case of the abovementioned circumstances after the transfer of the financing by the Financial
Agent to the Client, the Client agrees to reimburse the Financial Agent previously the financing paid earlier and pay to the Financial
Agent the remuneration within 3 (three) working days from the date of the giving the Financial Agent's notice to the Client.

6.3.
In the event of delayed payment by the Client of any sums due to the Financial Agent under this contract, the Financial
Agent may demand payment of a penalty (fine) in the amount of 0.2% (zero
and two tenth percent) (excluding VAT) of the outstanding amount
for each day of delay.

6.4. The Client shall
be responsible for any failure of the Debtor to perform all monetary claims assigned by the Client in favor of the Financial Agent
under this Agreement.

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev      

 

    	7(9)

    	 

    

 

	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

 6.5. The responsibility
of the Client shall apply to all Debtors of all monetary claims, against which the Financial Agent paid by the financing.

6.6.
In the event of full or partial non-payment by the Debtor of the monetary claims that are not financed, the Financial Agent
shall not be liable to the Client for transferring of payments due to the Client.

 

7.
Circumstances of Insuperable Force (Force Majeure)

 

7.1. The Parties
shall not be responsible for the partial or complete default of its obligations under this Agreement if such failure is due to
the influence of extreme and unavoidable circumstances under the given conditions (force majeure). Such circumstances, in particular,
include: flood, fire, earthquake, war, and the establishment by law of the Russian Federation, a stay of execution of obligations
(a moratorium).

7.2.
Upon occurrence the circumstances referred to in Paragraph 7.1 of this Agreement, a Party not later than 3 (three) business
days shall notify about them in writing to the other Party. The
notice must contain information about the nature of the circumstances, an assessment of their impact on the performance of obligations
under this Agreement and be confirmed by the state organization.

 

8.
Financial Agent's Remuneration

 

8.1.
For providing financing and other services under this Agreement, the Client shall pay to the Financial Agent remuneration
(commission) in the amount specified in the Supplementary Agreement No. 3 dated "____" ________ 2012 to this Agreement.

 

9.
Assignment of Claims under this Agreement

 

9.1. The Client's
rights to claim under this Agreement may be assigned to third parties only with the written consent of the Financial Agent.

9.2.
The Financial Agent has the right to a subsequent assignment of monetary claims to third parties without the consent of
the Client.

 

10. Resolution of Disputes

 

10.1. Any disputes,
controversies or claims arising out of this Agreement or in connection thereto be settled by the Parties by means of negotiation.
In the absence of agreement, the dispute between the Parties shall be considered by the Commercial Court of the city of Moscow.

 

11.
Final Provisions

 

11.1. This Agreement
shall come into force from the date of its signing and is valid until December 5, 2013 (inclusive). Expiration of this Agreement
shall result in termination of liabilities of the Financial Agent. With respect to the Client this Agreement is valid until the
Client fulfills its obligations under this Agreement.

11.2.
This Agreement shall be governed by Chapter 43 of the Civil Code of the Russian Federation.

11.3. This Agreement
may be terminated unilaterally on grounds provided for in this Agreement or the legislation of the Russian Federation, or by agreement
of the Parties.

11.4.
Upon termination of this Agreement, the Parties undertake to make all payments on previous Financing and the assigned monetary
claims.

11.5.
All addendums and changes to this Agreement are shall made in writing.

11.6. Except as otherwise
provided in this Agreement or a separate agreement of the Parties, with the view of execution of this Agreement the Parties may
provide each other with the necessary information in writing, as well as by fax.

If the document was
provided by fax, the Party which has provided it, undertakes to provide the original or a duly certified copy of the document no
later than 3 (three) working days from the date of fax transmission, while in case of discrepancy of statements submitted by fax
and the original copy of the relevant document, the content of the original shall prevail.

11.7.
The invalidity of any provision of this Agreement shall not entail the invalidity of the remaining provisions of this Agreement.

11.8.
Each Party undertakes to maintain the confidentiality of information received from another Party in connection with the
execution of this Agreement.

11.9.
In cases and order determined by the laws of the Russian Federation, the information to be disclosed is not classified as
confidential in terms of this Agreement.

 

	 
	The Financial Agent	The Client
	 	 
	/s/ Sokolov	 	 	/s/ Katsaev         

 

    	8(9)

    	 

    

 

	General Agreement No TR-_____ on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia

11.10.
All addendums and supplemental agreements hereto are an integral part of this Agreement.

11.11.
This Agreement is made in triplicate, with equal validity, of which two copies are for the Financial Agent and one copy
is for the Client.

 

12. Addresses
and details of the Parties:

 

	12.1 The Financial Agent	 	12.2. The Client
	
        OAO "ALFA-BANK"

        OGRN (Principal State Registration Number) 1027700067328

        INN (Taxpayer Identification Number) 7728168971, KPP (Tax Registration
        Reason Code) 775001001

        Registered office: 107078, the city of Moscow,

        ul, Kalanchevskaya, dom 27

        Address for correspondence: 107078, the city of Moscow, ul.
        Mashy Poryvaevoy, dom 9

        correspondent account No. 30101810200000000593

        in OPERU in Moscow GTU of the Bank of Russia

        BIC (Banc Identification Code) 044525593

        Account ________________________

        tel. / fax: +7 (495) 620-91-91
	 	
        TOT MONEY LLC

        OGRN 1127746225540

        INN 7714868349, KPP 771401001

        Registered office: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        Mailing address: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        p/c 40702810602720000110,

        in DO "Kutuzovskiy" of OAO "Alfa-Bank"

        c / a 30101810200000000593

        BIC 044525593,

        Tel.:  8-903-007-19-19

 

13. SIGNATURES OF THE PARTIES

 

	THE FINANCIAL AGENT	THE CLIENT
	
        Deputy Director of Customer Service

        Branch of the "St. Petersburg"

        OJSC "Alfa-Bank"
	General director of TOT MONEY LLC
	/s/ Sokolov	(A.G. Sokolov)	/s/ Katsaev	(Ts.Kh. Katsaev)

 

	 
	The Financial Agent	The Client
	 	 
	 	 	 	/s/ Katsaev        

 

    	9(9)

    	 

    

 

 

[English translation from the original
Russian language document]

 

APPENDIX No. 1

to the General Agreement No TR-0672

on General Conditions of Financing against
Assignment

of Monetary Claims (Factoring) within
Russia

dated September 19, 2012

To be issued on the letterhead

 

	{name of the Client}	{position of the debtor's head}
	«___» ___________________ 

No. ______________	{name of the Debtor}

{name of the debtor's head}
	date	

 

This is to inform you that TOT MONEY Limited
liability company (hereinafter - the "Supplier" or the "Contractor") and OTKRITOE AKTSIONERNOE OBSCHESTVO
"ALFA-BANK" (hereinafter - the "Financial Agent") entered into a General Agreement No TR-0672 of _______
__, 2012 was on General Conditions of Financing against Assignment of Monetary Claims (Factoring) within Russia (hereinafter -
the "General Agreement"). The rights and obligations
of the parties under this agreement shall be governed by Chapter 43 of the Civil Code of the Russian Federation.

Under the terms of the General Agreement
the Supplier assigns to the Financial Agents the monetary claims the maturity of which has not occurred, as well as monetary claims
that shall arise after the date of this notice (future monetary claims), to pay for goods supplied (produced works / rendered services)
(as well as any execution of obligations under them) to ____________________________ (name of Debtor), arising from the Agreement
_____________ No. __________ dated _______ ____, _____ made between TOT MONEY LLC and _______________ (Name of Debtor) (with all
amendments and appendices) (hereinafter – the "Agreement").

In accordance with the General Agreement
from now on we ask you to make payments under the Contract solely to account of the Financial Agent with the following details:

OAO "ALAFA-BANK", OGRN (Principal
State Registration Number) 1027700067328, INN (Taxpayer Identification Number 7728168971, KPP (Tax Registration Reason Code 775001001,

account No. 61212810300000000779, BIC (Banc
Identification Code) 044525593, correspondent account 30101810200000000593.

In the payment order please make reference
to the following: "In payment for goods/works/services under the contract No. __________ dated ________ ____, _____, profoma-invoice
dated ________ ____, _____ No. ____________ (factoring)".

In accordance with Article 830 of the Civil
Code of the Russian Federation execution of the monetary claim to the Financial Agent in accordance with this notice shall set
free __________________________ (name of Debtor) from the obligation to TOT MONEY LLC.

This Notice may be withdrawn by us, and
its terms cannot be changed without prior approval of the Financial Agent.

If you have any questions with regard to
the order of settlements between us, you can contact the Division of Factoring of the Financial Agent (tel. _______________ fax
________________).

 

	Sincerely,	 
	{Head of the Client }	{Initials, last name}
	STAMP HERE	 

 

Hereby _______________________ (name of
the Debtor) expresses its consent to an assignment by TOT MONEY LLC to the Financial Agent of a monetary claim under the Agreement
No. ________ dated __________ ___, _____, and confirms that from the moment of the receipt of this Notice is duly notified of the
fact of the assignment.

_________________ (name of debtor)
confirms that from the date of receipt of this Notice the changes to the Agreement No. ________ of "___" ______________,
at frequent amendment of the terms of the order of execution of claims that are subject to the conclusion of the written consent
of the Financial Agent.

 

	{Name of Debtor}	 
	{Head of the Debtor }	{Initials, last name}
	STAMP HERE	 

 

"THE FORM IS APPROVED"

 

	THE FINANCAIL AGENT	CL IENT	 
	Deputy Director of Customer Service	General Director of TOT MONEY LLC	 
	Branch of the "St. Petersburg"	 	 
	OJSC "Alfa-Bank"	 	 

 

	/s/ Sokolov	 	(A.G. Sokolov)	 	/s/ Katsaev	 
	 	 	 	 	(Ts.Kh. Katsaev)	 

 

	 
	The Financial Agent	The Client
	 	 
	 	 	 	/s/ Katsaev         

 

    	 

    	 

    

 

 

[English translation from the original
Russian language document]

 

APPENDIX No. 2

to the General Agreement No. TR-0672

on General Conditions of Financing against
Assignment

of Monetary Claims (Factoring) within
Russia

dated September 19, 2012

Register of transferred documents

	 	_______________, 20	 

 

The Client – TOT MONEY LLC under
the General Agreement No TR-0672 dated _______ ___, 2012 on General Conditions of Financing against Assignment of Monetary
Claims (Factoring) within Russia transfers, and the Financial Agent - OAO"ALFA-BANK" accepts the following documents:

 

	No.	 	Debtor	 	Date of the

 document	 	Name of the document	 	Number of document	 	Amount	 	Currency
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total 	 	 	 	 	 	 	 	 	 	 

 

	Transferred:	 	Accepted:
	 	 	 
	On behalf of ОАО «ALFA-BANK»	 	 
	 	 	 
	 	 	 	 	 	 	 
	(signature)	 	(signature)
	 	 	 
	STAMP HERE	 	 

 

"THE FORM IS APPROVED"

 

	THE FINANCIAL AGENT	THE CLIENT
	
        Deputy Director of Customer Service

          Branch of the "St. Petersburg"

        OJSC "Alfa-Bank"
	
        General Director

        TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	/s/ Katsaev	(Ts.Kh. Katsaev)

 

	 
	The Financial Agent	The Client
	 	 
	 	 	 	/s/ Katsaev        

 

    	 

    	 

    

 

 

[English translation from the original
Russian language document]

 

SUPPLEMENTARY
AGREEMENT No. 1

 

to the General Agreement No. TR-0672
on General Conditions of Financing against Assignment of Monetary Claim (Factoring) within Russia dated September
19, 2012

on factoring services in the form of

administrative management of accounts
receivables

 

	the city of St. Petersburg	September 19, 2012

 

OTKRITOE AKTSIONERNOE
OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter referred to
as the "Financial Agent", represented by Deputy Director
for Clients Relations of OAO "ALFA-BANK" Mr. A.G. Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012,
on the one hand, and TOT MONEY LLC (Principal State Registration Number 1127746225540), hereinafter referred to as
the "Client", represented by General Director Mr. Ts.Kh. Katsaev, acting under the Charter, on the other hand, together
hereinafter referred to as the "Parties", entered into this Supplementary Agreement to the General Agreement No. TR-0672
on General Conditions of Financing against Assignment of Monetary Claim (Factoring) within Russia dated September
19, 2012 (further referred to as the ''General Agreement'') as follows:

 

1. Subject of Supplementary Agreement

 

1.1. The Financial
Agent shall provide to the Client services of tracking the current state of monetary claims to the Debtors and monitoring the timeliness
of their payments under the General Agreement and the services of the credits received by the Financial Agent of the Debtors' funds
on account of performance of the Debtors obligations to supply financing of which was not carried out, to the current account of
the Client opened in the Financial Agent (the administrative management of accounts receivable).

 

2. The Client's Obligations

 

2.1. The Client undertakes
within terms set forth in the General Agreement to transfer to the Financial Agent a complete set of duly completed documents listed
in Paragraph 4.1 of the General Agreement, for all their supplies of goods (performed work, rendered services) in respect of the
Debtors.

2.2. The Client agrees
to pay to the Financial Agent the fee (commission) for the administrative management of accounts receivable in the amount and under
conditions in accordance with the Supplementary Agreement No. 3 dated September 19, 2012 to the General Agreement.

 

3. The rights and obligations of the
Financial Agent

 

3.1. The Financial
Agent must keep records of the current state of the Monetary Claims of the Client to the Debtors in respect of monetary claims
assigned to the Financial Agent.

3.2. The Financial
Agent on the basis of the analysis of the current state of monetary claims shall provide the Client with the following information:

- on the supply (works or services), registered
by the Financial Agent for the reporting period;

- on statistics on payments of the Debtors;

- on the transferred amounts of financing;

- on the amounts of commission fee withheld
by the Financial Agent from the Client

This information is
provided by the Financial Agent to the Client as the data update, but not more frequently than once a day in written or electronic
form.

3.3. In the event
of any the Debtors' delay of payment of monetary claims submitted by the Client to the Financial Agent, the Financial Agent shall
have a right to send a notice to such Debtor.

The notification shall
be made in writing (by mail, fax, or courier) or orally by telephone within the time frame defined by the Financial Agent.

For receiving monetary
funds from Debtors under the monetary claims assigned by the Client the Financial Agent shall be entitled to perform all actions
that do not contradict the legislation of the Russian Federation.

3.4. In the event
that the Client does not pay timely the amounts of remuneration (commission), specified in Paragraph 2.2 of this Additional Agreement,
the Financial Agent has a right to debit these amounts without additional orders (acceptance) of the Client from the accounts of
the Client.

 

	 
	Financial agent	The Client
	 	 
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	1(2)

    	 

    

 

	Supplemental Agreement No. 1 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

4.
Other Terms and Conditions

 

4.1. This Supplementary
Agreement shall enter into force upon signing thereof by the Parties.

4.2. This Supplementary Agreement is an integral part
of the General Agreement. Relationship of the Parties which are not regulated by this Supplementary Agreement shall be governed
by the General Agreement.

4.3. This Supplementary
Agreement is executed in triplicate, with equal validity of each copy, of which two copies are for the Financial Agent and one
copy is for the Client.

 

5. Addresses and Details of the Parties:

 

	5.1 The Financial Agent	 	5.2. The Client
	
        OAO "ALFA-BANK"

        OGRN (Principal State Registration Number) 1027700067328

        INN (Taxpayer Identification Number) 7728168971, KPP (Tax Registration
        Reason Code) 775001001

        Registered office: 107078, the city of Moscow,

        ul, Kalanchevskaya, dom 27

        Address for correspondence: 107078, the city of Moscow, ul.
        Mashy Poryvaevoy, dom 9

        correspondent account No. 30101810200000000593

        in OPERU in Moscow GTU of the Bank of Russia

        BIC (Banc Identification Code) 044525593

        Account 61212810300000000779

        tel./fax: +7 (495) 620-91-91
	 	
        TOT MONEY LLC

        OGRN 1127746225540

        INN 7714868349, KPP 771401001

        Registered office: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        Mailing address: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        p/c 40702810602720000110,

        in DO "Kutuzovskiy" of OAO "Alfa-Bank"

        c / a 30101810200000000593

        BIC 044525593,

        Tel.:  8-903-007-19-19

 

SIGNATURES OF THE PARTIES

 

	Financial Agent	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	
        General director

        of TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	/s/ Katsaev	(Ts.Kh. Katsaev)
	STAMP HERE	STAMP HERE

 

    	2(2)

    	 

    

 

 

[English
translation from the original Russian language document]

 

Supplemental
Agreement No. 2

 

to the General Agreement on General Conditions
of Financing against Assignment of Monetary Claim (Factoring) within Russia No. TR-0672 dated September 19,
2012

on Factoring Services in the Form of
Payment of Financing to the Client

 

	the city of St. Petersburg	 September 19, 2012

 

OTKRITOE AKTSIONERNOE
OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter referred to
as the "Financial Agent", represented by Deputy Director for Clients Relations of OAO "ALFA-BANK" Mr. A.G.
Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012, on the one hand, and TOT MONEY LLC (Principal
State Registration Number 1127746225540), hereinafter referred to as the "Client", represented by General Director
Mr. Ts.Kh. Katsaev, acting under the Charter, on the other hand, together hereinafter referred to as the "Parties", entered
into this Supplementary Agreement to the General Agreement No. TR-0672 on General Conditions of Financing against Assignment of
Monetary Claim (Factoring) within Russia dated September 19, 2012 (further referred to as the ''General Agreement'')
as follows:

 

1.
Subject of Supplementary Agreement

 

1.1. In accordance
with the General Agreement entered into between the Parties the Client shall assign to the Financial Agent monetary claims for
payment of goods (works/services), maturity of which has not come, as well as monetary claims, which arise in the future, according
to the following Contract (Contracts) with the following Debtor (Debtors).

 

	
        Name and
        details of the Debtor (the
        Debtors)

        (full firm name, including organizational-legal form, OGRN (Principal
        State Registration Number, INN (Taxpayer Identification Number))
	
        Details
        of the Contract (the Contracts)

        (name, number, date of conclusion)

	
        Otkrytoe aktsionernoe obschestvo «Mobilnie TeleSistemi»

        (INN  7740000076 OGRN  1027700149124)

        Registered address: 109147, Moscow, ul. Marksistskaya, d..4

        Actual address: 109147, Moscow, ul. Marksistskaya, d..4

         
	
        1.Agreement D0811373 dated 01.07.2008г.

        2.Agreement on Transfer the Rights and Obligations
        under the Agreement No. D0811373 dated 01.07.2008, concluded by and between ОАО «Mobilnie TeleSistemi»
        and ООО «RM-Invest»

	
        Otkrytoe aktsionernoe obschestvo «MegaFon»

        (INN  7812014560 OGRN  1027809169585)

        Registered address: 115035, Moscow, ul. Kadashevskaya nab..,
        d.30

        Actual address: 115035, Moscow, ul. Kadashevskaya nab.., d.30
	1 Agreement No.СРА-86 dated 01.09.2012

 

1.2. This Supplemental
Agreement establishes the conditions and procedure for payment by the Financial Agent to the Client financing within a specified
limit of financing against monetary claims assigned by the Client to the Debtor (Debtors) referred to in Paragraph 1.1 of this
Supplementary Agreement, and the order and timing of the return by the Client of the provided financing.

2. Payment of Financing Terms and Conditions

 

2.1. The maximum amount
of the aggregate limit of financing is determined by Paragraph 3.4 of the General Agreement.

2.2. The maximum amount
of financing on account of the monetary claim assigned by the Client to the Debtor, is 80% (Eighty percent) of the amount of Monetary
Claim against assignment of which the payment of funding is effected.

2.3. The financing
shall not be applied in respect to the money claims, in respect of which the Financial Agent did not provide services of administrative
management of accounts receivable.

2.4. The Financial
Agent may reduce, suspend or discontinue the payment of financing against the assignment of monetary claims by the Client in the
event that:

- the Client improperly
perform the terms and conditions of the General Agreement and/or Supplementary Agreements;

- the Debtors improperly
perform the terms and conditions of the Contracts referred to in Paragraph 1.1 of this Supplementary Agreement.

 

	the Financial agent	the Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	1(2)

    	 

    

 

	Supplemental Agreement No. 1 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

3.
Order of Payment and Repayment of Financing

 

3.1. The Financing
is paid by the Financial Agent in the event of the adequacy of financing limit for a three 3 (Three) (inclusive) working days from
the moment when the Client provides all necessary documents in accordance with Paragraph 4.1 of the General Agreement, subject
to available financing limit established to the Client in respect of the particular Debtor.

3.2. The Financial
Agent is not liable for failure to comply with the terms specified in Paragraph 3.1 of this Supplementary Agreement, in the event
of non-compliance by the Client of the terms of provision of the documents mentioned in Paragraph 4.1 of the General Agreement.

3.3. The amounts received
by the Financial Agent in respect of the monetary claims assigned by the Client shall be credited to the execution of monetary
liabilities of the Client to return the financing provided under the appropriate assignment of monetary claims and payment of remuneration
(commission) of the Financial Agent.

If the monetary funds
received by the Financial Agent are sufficient to reimburse the amount of financing and commissions, the Client agrees to repay
the amount of financing in full and pay the fee (commission) to the Financial Agent for the provision of financing according to
the terms and in the manner specified in Paragraph 4.14 of the contract.

In case of violation
of the specified terms the Client shall pay to the Financial Agent interest at a rate prescribed by the General Agreement.

Financial Agent has
a right to write-off the debt of the Client in respect of return of the amounts of financing and payment of remuneration (commission)
from the accounts of the Client without more orders (acceptance) of the Client from the Client's current accounts.

3.4. The General Agreement
establishes events when the Client has the obligation of early repayment of the provided amount of financing.

3.5. The Client has
a right to make early repayment of the amount of financing and payment of remuneration of the Financial Agent.

3.6. The remuneration
(commission) of the Financial Agent for the provision of Financing is established in accordance with the Supplementary Agreement
No. 3 dated September 19, 2012 to the General Agreement.

3.7. The payment of
remuneration for the provision of Financing shall not remove the Client's obligation to pay remuneration for other services to
the Financial Agent, established by other Supplemental Agreements to the General Agreement.

3.8. Terms and procedure
of payment of remuneration is determined in the Supplementary Agreement No. 3 dated September 19, 2012
to the General Agreement.

 

4. Other Terms and Conditions

 

4.1. This Supplementary
Agreement shall enter into force upon signing thereof by the Parties.

4.2. This Supplementary
Agreement is an integral part of the General Agreement. Relationship of the Parties which are not regulated by this Supplementary
Agreement shall be governed by the General Agreement.

4.3. This Supplementary
Agreement is executed in triplicate, with equal validity of each copy, of which two copies are for the Financial Agent and one
copy is for the Client.

 

5.
Addresses and Details of the Parties

 

	5.1 The Financial Agent	 	5.2. The Client
	
        OAO "ALFA-BANK"

        OGRN (Principal State Registration Number) 1027700067328

        INN (Taxpayer Identification Number) 7728168971, KPP (Tax Registration
        Reason Code) 775001001

        Registered office: 107078, the city of Moscow,

        ul, Kalanchevskaya, dom 27

        Address for correspondence: 107078, the city of Moscow, ul.
        Mashy Poryvaevoy, dom 9

        correspondent account No. 30101810200000000593

        in OPERU in Moscow GTU of the Bank of Russia

        BIC (Banc Identification Code) 044525593

        Account 61212810300000000779

        tel./fax: +7 (495) 620-91-91
	 	
        TOT MONEY LLC

        OGRN 1127746225540

        INN 7714868349, KPP 771401001

        Registered office: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        Mailing address: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        p/c 40702810602720000110,

        in DO "Kutuzovskiy" of OAO "Alfa-Bank"

        c / a 30101810200000000593

        BIC 044525593,

        Tel.:  8-903-007-19-19

 

SIGNATURES OF THE PARTIES

 

	The Financial Agent	 	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	 	
        General director

        of TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	 	/s/ Katsaev	(Ts.Kh. Katsaev)
	STAMP HERE	 	STAMP HERE

 

    	2(2)

    	 

    

 

 

[English translation from the original
Russian language document]

 

Supplemental
AGREEMENT No 3

 

to the General Agreement on General Conditions
of Financing against Assignment of Monetary Claim (Factoring) within Russia No. TR-0672 dated September 19,
2012

of the Commission for the Factoring Service

 

	the city of St. Petersburg	September 19, 2012

 

OTKRITOE AKTSIONERNOE
OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter referred to
as the "Financial Agent", represented by Deputy Director for Clients Relations of OAO "ALFA-BANK" Mr. A.G.
Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012, on the one hand, and TOT MONEY LLC (Principal
State Registration Number 1127746225540), hereinafter referred to as the "Client", represented by General Director
Mr. Ts.Kh. Katsaev, acting under the Charter, on the other hand, together hereinafter referred to as the "Parties", entered
into this Supplementary Agreement to the General Agreement No. TR-0672 on General Conditions of Financing against Assignment of
Monetary Claim (Factoring) within Russia dated September 19, 2012 (further referred to as the ''General
Agreement'') as follows:

 

1. Subject of the Supplementary Agreement

 

1.1.
The subject of this Supplemental Agreement is the order of calculating and payment by the Client remuneration (commissions)
of the Financial Agent under the General Agreement.

 

2. Remuneration (Commission) for
the provision of services for the administrative management of accounts receivable

 

2.1.
For the provision of services for the administrative management of accounts receivable the Financial Agent shall withhold
a fixed remuneration (commission) for each supply transferred by the Client to the factoring service. The size of the fixed commission
shall be determined in accordance with the following table No. 1.

 

Table No. 1 "Commission for the
administrative management of accounts receivable"

 

	Presence of a bar code in the standard of the Financial Agent on at least one of the documents submitted for the supply or use of an electronic document with information about the supply	 	Type of factoring service of delivery of goods (works, services), performance of work
	 	 	without payment of financing	 	with payment of financing
	1. Does not contains a bar code in the standard of the Financial Agent	 	100 rubles	 	50 rubles
	2.Contains a bar code in the standard of the Financial Agent	 	20 rubles	 	10 rubles
	3. With the use of an electronic document with information about the delivery	 	20 rubles	 	10 rubles

 

2.2. The commission
for the administrative management of accounts receivable in the presence of a bar code in the standard of the Financial Agent referred
to in Paragraph 2 of Table No. 1 above shall be applied subject to the unconditioned scanning by means of the Financial Agent's
software.

2.3.
The commission for the administrative management of accounts receivable using an electronic document, referred to in Paragraph
3 of Table No. 1 above shall apply irrespective of whether the bar code in the standard of the Financial Agent, provided the Client
transfers the documents in accordance with Paragraph 4.1 of the General Agreement, together with information on delivery of goods
electronically in a format agreed by the Financial Agent, and its absolute reading. The transfer by the Client of the information
for the supply of goods is carried out electronically via secure communication channels with the help of "Alfa-Client On-line»
system in accordance with the terms of the Agreement on Servicing the clients by means of the "Alfa-Client On-line»
system dated May 14, 2012 No. without number.

2.4.
Commission for the administrative management of accounts receivable shall be charged for the period from the date of transfer
by the Client in favor of the Financial Agent of documents certifying the monetary claim to pay for goods (works, services), according
to the Register in accordance with paragraph 4.1 of the General Agreement until the moment of full payment of a monetary claim,
or until the receipt by the Financial Agent of the Client's written notice specified in Paragraph 4.11 of the General Agreement,
about the absence of claims against the Debtor on this monetary claim.

 

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	1(4)

    	 

    

 

	Supplemental Agreement No. 1 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

3.
Remuneration (Commission) for the Provision of monetary resources (Financing)

 

3.1. The remuneration
(commission) for providing by the Financial Agent the Client with monetary resources (financing) under the factoring services (hereinafter
- "the Commission", "remuneration (commission) for the provision of financing") shall be charged for the period
from the day following the date of payment by the Financial Agent of the financing till the day of maturity of repayment of financing
by the Client specified in Paragraph 4.12 of the General Agreement, or before the date of repayment of the financing before this
moment, inclusive, in the amount calculated based on the rates according to the table No. 2 below.

 

Table No. 2. "Remuneration (Commission) for the provision
of funding" (percent per annum)

 

	Period for	 	Turnover of factoring services for the previous month, rubles.	 
	determining the	 	1	 	 	2	 	 	3	 
	rate of financing	 	more than 300 000 000	 	 	200 000 000 - 300 000 000	 	 	less than 200 000 000	 
	1 - 7 days	 	 	9,70	%	 	 	9,75	%	 	 	9,80	%
	8 – 14 days	 	 	10,30	%	 	 	10,35	%	 	 	10,40	%
	15-21 days	 	 	10,30	%	 	 	10,35	%	 	 	10,40	%
	22-30 days	 	 	10,55	%	 	 	10,60	%	 	 	10,65	%
	31 - 60 days	 	 	10,98	%	 	 	11,05	%	 	 	11,10	%
	61 – 90 days	 	 	11,25	%	 	 	11,30	%	 	 	11,35	%
	91 – 120 days	 	 	11,50	%	 	 	11,55	%	 	 	11,60	%
	121-150 days	 	 	11,85	%	 	 	11,90	%	 	 	11,95	%
	151-180 days	 	 	11,85	%	 	 	11,90	%	 	 	11,95	%

 

In this case:

- the period for determining
the financing rate shall be calculated based on the period from the date of providing the financing till the day of the end of
the deferred payment under the Contract, plus 5 (Five) calendar days;

- turnover of factoring
services shall be defined as the sum of supplies of goods effected and registered by the Financial Agent (works, services) for
the previous month, when was the last revision of the turnover of factoring services (including VAT);

- the rate shall be
determined on the day of provision of the monetary resources (financing) to the Client by the Financial Agent, depending on the
period for determining the rate of funding and turnover of factoring services.

3.2. The basis for
calculating the size of the Commission shall be the Client's outstanding balance to the Financial Agent in respect of return the
financing provided.

The general date of
payment of the Commission shall be determined by the maturity of repayment of the financing under Paragraph 4.12 of the General
Agreement. In the event of early repayment of the financing the term of payment of the Commission in respect of repayment of a
portion of financing shall be determined by the date of early repayment of the financing.
In the event of early repayment of the financing in full the date of payment of the Commission shall be determined by the
date of such early repayment.

3.3. During the first
two months of the date of this Supplementary Agreement the Client shall be charged the Commission according to the column 2 of
the abovementioned table. If the actual turnover of the Client in the factoring services for the first month exceeds the value
of column 2, than starting from the second month, the size of the Commission of the Client shall be calculated based on the actual
turnover in accordance with the table No. 2.

3.4.
Revision of turnover in the factoring services shall be effected each month on the date, which is the effective date of
the General Contract, or the last day of the month if in the month of the revision does not have a date corresponding to the date
of the contract.

Revision of the turnover
of factoring services in respect of related companies2 shall
be the day of the next calendar month corresponding to the day of the month of entry into force of the first General Agreement
signed with one of the companies of the group, or the last day of the month if the month of the revision does not have a date
corresponding to the date of the contract.

  

 

2 Under the related companies are understood organizations
with a participatory interest in the charter capital of each other, or if the same legal or natural persons own shares in the charter
capital of these entities (including via 3rd parties) or are in the controlling bodies of these entities, or the entities are affiliates
in accordance with the law, or are the associated (dependent) entities in relation to each other, or one organization acting as
the sole executive body of the other entities under a contract.

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	2(4)

    	 

    

 

	Supplemental Agreement No. 1 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

The turnover of factoring
services for a month in respect of related companies shall be summarized, that is all the supplies that are registered in this
month for all related companies shall be summed up.

If the day of the
revision of the turnover of the factoring services falls on a weekend or holiday, the revision shall be effected on the first business
day following the weekend or holiday.

3.5. In cases of change
of the Bank of Russia refinancing rate, the rate of LIBOR, lending rates on the interbank market, change of the situation on the
domestic or foreign financial markets, as well as in other cases, in the reasonable opinion of the Financial Agent, the Financial
Agent shall have the right to unilaterally modify all or part of the Commission's rate set forth in Table No. 2 of this Supplementary
Agreement.

The Financial Agent
in writing or by telegram shall notify the Client on modification of the rates of the Commission on the date of the change.

The Client within
three days after receipt of the notification referred to in this paragraph shall send to the Financial Agent the written consent
of to pay the Commission according to newly established rates.

In case of disagreement
with the modification of the rate of the Commission the Client has a right to return ahead of schedule the amount of funding provided
within ten days of receipt of notification on the modification of the rates of the Commission.

In the event that
the Client fails to send to the Financial Agent the written consent (the Financial Agent does not have the Client's written consent)
or non-return of the financing ahead of schedule within ten days of receipt of written notice on modification of the rates of the
Commission specified in this paragraph, the Client shall pay the Commission according to the newly established rates.

3.6. The new rates
of the Commission shall be applied to the financing paid to the Client after the introduction of the new rates of the Commission.

 

4. Procedure for withholding the commissions
of the Financial Agent

 

4.1.
Payment of remunerations (commissions) provided for in this Supplemental Agreement shall be made in Russian rubles.

4.2.
The remunerations (commissions) shall be withheld by the Financial Agent of the monetary funds coming from the Debtor as
payment of monetary claims in the following order:

- firstly, the commission
of the Financial Agent for the factoring services in the form of administrative management of accounts receivable and VAT;

- secondly, the remuneration
(commission) for the provision of financing and VAT. The remuneration (commission) for the provision of financing shall be calculated
and withheld based on the amount of the repayable financing.

4.3. If the remuneration
(commission) of the Financial Agent was not fully withheld because of insufficient amount of the Debtor's payment (in the event
of the partial payment), then the remaining part of the remuneration (commission) may be withheld by the Financial Agent out of
subsequent payments of the Debtor in the same manner.

4.4.
If the monetary funds coming from the Debtor are insufficient to fully repay the debt of the Client in respect of remunerations
(commissions) of the Financial Agent, the Client undertakes to pay the remuneration (commission) to the Financial Agent in full
on their own no later than the date established by the General Agreement and supplemental agreements thereto, or the debt in respect
of the payment of commissions shall be charged by debited by the Financial Agent with no additional instructions (acceptance) of
the Client from the Client's accounts.

 

5. Value Added Tax

 

5.1.
All commissions in this Supplemental Agreement are exclusive of VAT. VAT shall be charged in addition to the size of the
commissions.

5.2. The Financial
Agent shall issue combined proforma-invoices for the reporting month (calendar month) in respect of services rendered in the reporting
month according to the General Contract, once a month, not later than 5 calendar days of the month following the reporting period.

 

6. Other Terms and Conditions

 

6.1. This Supplementary
Agreement shall enter into force upon signing thereof by the Parties.

6.2. This Supplementary
Agreement is an integral part of the General Agreement. Relationship of the Parties which are not regulated by this Supplementary
Agreement shall be governed by the General Agreement.

6.3. This Supplementary
Agreement is executed in triplicate, with equal validity of each copy, of which two copies are for the Financial Agent and one
copy is for the Client.

  

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

   

    	3(4)

    	 

    

 

 

7. Addresses and Details of the Parties

 

	7.1 The Financial Agent	 	7.2. The Client
	
        OAO "ALFA-BANK"

        OGRN (Principal State Registration Number) 1027700067328

        INN (Taxpayer Identification Number) 7728168971, KPP (Tax Registration
        Reason Code) 775001001

        Registered office: 107078, the city of Moscow,

        ul, Kalanchevskaya, dom 27

        Address for correspondence: 107078, the city of Moscow, ul.
        Mashy Poryvaevoy, dom 9

        correspondent account No. 30101810200000000593

        in OPERU in Moscow GTU of the Bank of Russia

        BIC (Banc Identification Code) 044525593

        Account ________________________

        tel./fax: +7 (495) 620-91-91
	 	
        TOT MONEY LLC

        OGRN 1127746225540

        INN 7714868349, KPP 771401001

        Registered office: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        Mailing address: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        p/c 40702810602720000110,

        in DO "Kutuzovskiy" of OAO "Alfa-Bank"

        c / a 30101810200000000593

        BIC 044525593,

        Tel.:  8-903-007-19-19

 

SIGNATURES OF THE PARTIES

 

	The Financial Agent	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	
        General director

        of TOT MONEY LLC

	 	/s/ Sokolov	 	 	/s/ Katsaev	 
	(A.G. Sokolov)	(Ts.Kh. Katsaev)
	 	 
	STAMP HERE	STAMP HERE

  

 

	 
	The Financial Agent	The Client
	 	 	 	 	/s/ Katsaev	 

 

    	4(4)

    	 

    

 

	Supplemental Agreement No. 4 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

[English translation from the original
Russian language document]

 

SUPPLEMENTARY AGREEMENT No. 4

to the General Agreement on General Conditions
of Financing against Assignment of Monetary Claim (Factoring) within Russia No. TR-0672 dated September 19,
2012

on factoring services in the form of
administrative management of accounts receivables

 

	the city of St. Petersburg	September 19, 2012

 

OTKRITOE AKTSIONERNOE
OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter referred to
as the "Financial Agent", represented by Deputy Director for Clients Relations of OAO "ALFA-BANK" Mr. A.G.
Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012, on the one hand, and TOT MONEY LLC (Principal
State Registration Number 1127746225540), hereinafter referred to as the "Client", represented by General Director
Ts.Kh. Katsaev, acting under the Charter, on the other hand, together hereinafter referred to as the "Parties", entered
into this Supplementary Agreement to the General Agreement No. TR-0672 on General Conditions of Financing against Assignment of
Monetary Claim (Factoring) within Russia dated September 19, 2012 (further referred to as the ''General
Agreement'') as follows:

 

1. The Parties have agreed to make changes
to the General Agreement as follows:

1.1. To modify
the definition of "Alfa-Client On-line System" in Section "Terms and Definitions'' as follows:

"Alfa-Client
On-line System" – a part of the corporate information system of the Financial Agent designed for remote servicing
of the Client using the Internet, which provides, inter alia, preparation, transmission, reception, processing of electronic documents
transferred by the Client to the Financial Agent. The procedure of servicing of the Client in the "Alfa-Client On-line System'',
including the procedure of registration, signing and transferring by the Client to the Financial Agent of electronic documents
set forth herein shall be established by the Agreement on Servicing of the clients using "Alfa-Client On-line System'' between
the Parties to meet the requirements established by the Parties in the Agreement on the Electronic Document Management dated September
19, 2012."

1.2. The Parties
agreed to add to Section 1 of the General Agreement a new definition "Electronic Register" as follows:

"Electronic Register"
– an electronic document directed by the Client using "Alfa-Client On-line System'' that contains information sufficient
to identify a monetary claim assigned to the Financial Agent, and made in accordance with the form in Supplement No. 3 of this
Agreement, subject to the absolute reading thereof using the software of the Financial Agent. "

1.3. The Parties
agreed that Paragraph 2.4 of the General Agreement shall be modified as follows:

"2.4. If the
Client has outstanding obligations to the Financial Agent to return the amount of financing provided by the Financial Agent against
the assignment of any monetary claims, the monetary claim of the Client to any of the Debtors shall be transferred to the Financial
Agent at the moment of the transfer by the Client to the Financial Agent of documents referred to in Paragraphs 4.1.1, 4.1.2 of
this Agreement, and in the event of forwarding by the Client to the Financial Agent of the electronic register that is specified
in Paragraph 4.1.3 of this Agreement, - on the date of receipt by the Financial Agent of the electronic register properly made,
subject to its absolute reading.

If on the date of
receipt by the Financial Agent of the documents mentioned in Paragraphs 4.1.1, 4.1.2 of this Agreement, or the electronic register
referred to in Paragraphs 4.1.3 of this Agreement in respect of any cash requirements of the Client has no outstanding obligations
to the Financial Agent to return the amount of financing provided by the Financial Agent against the assignment of any monetary
claims, such monetary claims shall be transferred to the Financial Agent on the date of payment to the Client of the amount of
financing against assignment of the respective monetary claims.

Simultaneously with
the assignment of the monetary claim for payment of goods (works / services) under the Contract all the rights to enforce the assigned
monetary claim, as well as other related rights of monetary claims, including the right to unpaid interest for the unauthorized
use of the other person's money funds or other sanctions for failure to perform or improper performance of obligations under the
assigned claims (fines, penalties), and the right to secure obligations under the assigned monetary claims and rights of the beneficiary
in all the possible insurance claims of the Client related to Contract shall be transferred to the Financial Agent.

If for transfer of
to the Financial Agent of human needs additional processing, the Client agrees to properly arrange the transition of these rights
to the Financial Agent.''

1.4. To amend
Paragraph 4.1 of the General Agreement as follows:

"4.1. As the
supply of goods (works or services) to the Debtor is effected, the Client within 7 (Seven) working days from the date of supply
of goods (works or services, hereinafter - the "supply") shall transfer to the Financial Agent one copy of all documents
relating to the supply of goods (works, services) furnished in accordance with applicable laws or customs of trade:

4.1.1. fax or scanned
copy of the transport and inventory documents (invoices, bills of lading, certificates of reception and transmission, etc.);

4.1.2. fax or scanned
copy of the proforma-invoices (invoice), as well as other documents requested by the Financial Agent.

One of the transmitted
documents signed by the Debtor shall include confirmation of receipt of the Debtor (the carrier in accordance with the contract)
of goods (service) or acceptance the results of works by the Debtor in the amount of ceded monetary claim. 

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	1(5)

    	 

    

 

	Supplemental Agreement No. 4 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

Transmission and reception
of documents according to Subparagraphs 4.1.1 and 4.1.2 of this paragraph for the identification of money claim shall be effected
according to the Register, compiled in the form in accordance with Annex No. 2 to this Agreement, in 2 copies (one copy for each
of the Parties), on which marks on the provision of documents by the Acceptance and acceptance thereof by the Financial Agent shall
be put.

Along with the documents
in accordance with Subparagraphs 4.1.1 and 4.1.2 of this paragraph the Client shall transfer to the Financial Agent notice of the
assignment of monetary claims (in the form of Appendix No. 1 to the Agreement) signed by the Debtor, issued by the Client in favor
of the Financial Agent (if such notice had not been sent to the Financial Agent before). In the event that the Client does not
notify the Debtor of the assignment of monetary claims, it may be forwarded to the Debtor by the Financial Agent.

The Client agrees
to enter the payment details of the Financial Agent in all the original invoices.

In the event that
the payment details are entered into the shipping documents, the Client shall indicate in these documents payment details of the
Financial Agent.

The Financial Agent
shall have the right to refuse funding or demand early repayment of financing against the assignment of monetary claims in respect
of which the Client has not provided properly executed documents.

If the Client use
an electronic register, the Client shall within seven (7) business days from the date of delivery of goods (work or services, hereinafter
- the "delivery") transfer to the Financial agent an Electronic register via the System "Alpha Client On-line».

4.1.3. It is allowed
to provide the Client with financing against the assignment of monetary claims before the transfer of documents in accordance with
Subparagraphs 4.1.1 and 4.1.2 of this paragraph, subject to the Financial Agent and the absolute reading of the electronic registry
in the System "Alfa-Client On-line», drawn up in compliance with Annex No. 3 hereto.

The Client agrees
to provide within sixty (60) calendar days the Financial agent with the documents (originals), referred to in Paragraphs 4.1.1
and 4.1.2. In case of violation of the conditions specified in this paragraph, the financing shall not be effected until the date
when the said documents are delivered.

Transferring-receiving
the original documents under Paragraphs 4.1.1 and 4.1.2 of this Article, which allow to identify a monetary claim, shall be performed
according to the Register, compiled in compliance with Appendix No. 3 to this Agreement, in 2 copies (one copy for each of the
Parties), which makes a note about providing documents to the Client and accepted by the Financing agent.

The Financial agent
may refuse to finance or demand early repayment of financing with assignment of monetary claims in respect of which the Client
did not provide duly executed documents under Paragraphs. 4.1.1 and 4.1.2 of this Article in a timely manner.

In the event of failure
by the Client to fulfill the obligation to transfer electronic register and/or documents under Subparagraphs 4.1.1 and 4.1.2 of
this paragraph in due course, the Financial Agent shall have the right not to provide the Client with new amounts of financing
until the elimination of the relevant breach by the Client.".

In the event of any
litigation between the Financial agent and the Client and/or the Debtor, the Client shall, upon written request to the Financial
agent, represent original and certified by the Client's stamp and the Client's authorized signature copies for requirements repaid
by the Debtor.

1.5. To amend
the first subparagraph of Paragraph 4.1 of the General Agreement as follows:

"11.6. Except
as otherwise provided in this Agreement or a separate agreement of the Parties to the execution of this Agreement, the Parties
may provide each other with the necessary information, in writing, as well as by fax. "

1.6. The Parties
agreed to set out the Table 1 in Subparagraph 2.1 of Paragraph 2 of Supplementary Agreement No. 3 of dated September
19, 2012 to the General Agreement as follows:

 

Table No. 1 "Commission for the
administrative management of accounts receivable"

  

	Presence of a bar code in the standard of the Financial Agent2 on at least one of the documents submitted for the supply or use of an electronic document with information about the supply	 	Type of factoring service of delivery of goods (works, services), performance of work
	 	without payment of financing	 	with payment of financing
	1. Does not contains a bar code in the standard of the Financial Agent	 	100 rubles	 	50 rubles
	2.Contains a bar code in the standard of the Financial Agent	 	20 rubles	 	10 rubles
	3. Using an electronic document with information about the delivery specified by the Agreement on on Electronic Documents Management dated September 19, 2012	 	20 rubles	 	10 rubles

   

 

2 For the application of the correct bar code on
the invoice, the Financial agent recommends to the Client a specialized company. Development and implementation the necessary software
by the specialized company at the expense of the Client.

	The Financial Agent	The Client
	 		 	 	/s/ Katsaev	 

 

    	2(5)

    	 

    

 

	Supplemental Agreement No. 4 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

1.7. The Parties
agreed to modify Subparagraph 2.3 of Section 2 of the Supplementary Agreement No. 3 dated September 19,
2012 to the General Agreement as follows:

"2.3.
The Commission for the administrative management of accounts receivable using the electronic document specified in Item 3 of the
Table No. 1 mentioned above, shall be applied regardless of whether the bar code in the standard of the Financial Agent, provided
that the Client transfers the Electronic Register in the System "Alfa-Client On-line'' in accordance with Paragraph 4.1 of
the contract in the format agreed with the Financial Agent, and at its absolute reading. The Transfer of the Electronic Register
by the Client shall be carried out via secure communication channels via the System "Alfa-Client On-line'' in accordance with
the terms of the Agreement on Servicing the Clients by the System "Alfa-Client On-line'' dated May 14,
2012 No. without number and the Agreement on the Electronic Document Management dated September 19,
2012"

 

2. Other Terms and Conditions

2.1. This Supplementary
Agreement shall enter into force upon signing thereof by the Parties.

2.2. This Supplementary
Agreement is an integral part of the General Agreement. Relationship of the Parties which are not regulated by this Supplementary
Agreement shall be governed by the General Agreement.

2.3. This Supplementary
Agreement is executed in triplicate, with equal validity of each copy, of which two copies are for the Financial Agent and one
copy is for the Client.

 

3. SIGNATURES OF THE PARTIES

 

	The Financial Agent	 	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	 	
        General director

        of TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	 	/s/ Katsaev	(Ts.Kh. Katsaev)
	STAMP HERE	 	STAMP HERE

 

	The Financial Agent	The Client
	 	 	 	 	/s/ Katsaev	 

 

    	3(5)

    	 

    

 

	Supplemental Agreement No. 4 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

[English translation from the original
Russian language document]

 

APPENDIX No. 3

to the General Agreement No. TR-0672

on General Conditions of Financing against
Assignment

of Monetary Claims (Factoring) within
Russia

dated September 19,
2012

 

	the city of ________	_________, 2012

 

The format of the data file for transmission
to the Financial Agent

 

The name of the file

The file name format is rst_ssssss_n_ddmmyy.txt

ssssss – pin-code of the client in
the "Alpha Client On-line» (format, Latin letters and numbers)

n - the ordinal number of the file for
one year (format, an integer in the range 1 ... 999 999 999)

ddmmyy - the date of formation of the file
(format dd - day, mm - month, yy - last two digits of the year)

Before sending the file shall be archived
with RAR or ZIP archiving utility.

File Structure

Text file encoding WIN1251 Tag line terminator
symbols are CRLF (CR symbolwith code 13, LF symbol with code 10)

 

The header format of the file

The header of the file consists of lines
in the format.

INN = 999999999999CRLF

KPP = 999999999CRLF

NAME = A. .. ACRLF

DATETIME = dd.mm.yyyy hh: mi: ssCRLF

NUMBER = nCRLF

TYPE = REESTR POSTAVSCHIKACRLF

CRLF

A. .. ACRLF

CRLF

	 	CRLF

 

The data on supplies shall be generated
as a text lines, the format of rows in Table 1.

Table 1

 

	No.	 	Field	 	The starting position in the line	 	Length	 	Format	 	Description
	 	 	 	 	A	 	6	 	spaces	 	Six symbols code 32 (space)
	1	 	INN (Taxpayer's Identification Number) of the Supplier	 	7	 	12	 	999999999999	 	
        9 - digits 0 .. 9

        the right is filled with character code
        32 (space)

	2	 	INN (Taxpayer's Identification Number) of the Debtor	 	20	 	12	 	999999999999	 	
        9 - digits 0 .. 9

        the right is filled with character code
        32 (space)

	3	 	Amount	 	33	 	11	 	99,999,999.99	 	
        9 - digits 0 .. 9

        The decimal separator - comma

        the right is filled with character code
        32 (space)

	4	 	
        Delivery date

        (Date of the document)
	 	45	 	10	 	dd.mm.yyyy	 	
        Date format dd - day mm - month yyyy -
        year

        in the right shall be filled with symbol
        with the code 32 (space)

   

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

  

    	4(5)

    	 

    

 

	Supplemental Agreement No. 4 to the General Agreement No.  ТР-0672  on General Conditions of Financing
	against Assignment of Monetary Claim (Factoring) within Russia

 

	5	 	Number of delivery (Number of the document)	 	56	 	3 0	 	
        AAAAAAAAAA

        AAAAAAAAAA AAAAAAAAAA
	 	
        A - number or letter

        in the right shall be filled with the symbol
        with the code 32 (space)

	6	 	Currency of the supply	 	87	 	3	 	999	 	
        Figures, an example

        810 - Euro

        978 - EUR

        840 - Dollars

	7	 	Name of contract seller-debtor	 	91	 	100	 	A ... A	 	
        A - number or letter

        on the right is filled with symbol with
        the code 32 (space)

	8	 	Sign of the end of the line	 	291	 	2	 	CRLF	 	The sign of the end of line - symbols with code 13 and 10

Sign of the end of the data – the line starting with
text 'TOTAL', which specifies the totals of the sums of the documents register.

The format of the line

TOTAL: 999999 documents in the amount of
999999999999,99 CRLF

 

Archiving the file of supplies registry

Before sending the text file shall be archived
in the archived file with WINRAR or WINZIP archiving utility.

The name of the archive file must match
the text file to the extension txt

Text file format: rs t_ssssss_n_ddmmyy.txt

Archive file format: rs t_ssssss_n_ddmmyy.rar
or rs t_ssssss_n_ddmmyy. Zip

 

"THE FORM IS AGREED"

 

	The Financial Agent	 	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	 	
        General director

        of TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	 	/s/ Katsaev 	 (Ts.Kh. Katsaev)
	STAMP HERE	 	STAMP HERE

  

	The Financial Agent	The Client
	 	 	 	 	/s/ Katsaev	 

  

    	5(5)

    	 

    

 

	Agreement dated September 19, 2012

 [English translation from the original Russian language
document]

 

AGREEMENT

on Electronic Documents Management

related to the General Agreement No.
TR-0672 on General Conditions of Financing 

against Assignment of Monetary Claim
(Factoring) within Russia dated September 19, 2012

 

	the city of St. Petersburg	September 19, 2012

 

OTKRITOE
AKTSIONERNOE OBSCHESTVO "ALFA-BANK", OGRN (Principal State Registration Number) 1027700067328, hereinafter
referred to as the "Financial Agent", represented by Deputy Director for Clients
Relations of OAO "ALFA-BANK" Mr. A.G. Sokolov, acting under Power of attorney No5/2046D dated 04.06.2012, on the
one hand, and TOT MONEY LLC (Principal State Registration Number 1127746225540), hereinafter referred to as the "Client",
represented by General Director Mr. Ts.Kh. Katsaev, acting under the Charter, on the other
hand, together hereinafter referred to as the "Parties", entered into this Additional Agreement to the General Agreement
No. TR-0672 on General Conditions of Financing against Assignment of Monetary Claim (Factoring) within Russia dated September
19, 2012 (further referred to as the ''General Agreement'') as follows:

 

1. Definitions

 

1.1.
Debtor (Debitor) - under this Agreement only resident legal entities of the Russian Federation,
to which the Client supplies the goods (works or services), and monetary claims to whom are passed by the Client to the Financial
Agent under the conditions defined in the General Agreement No. TR-0672 on General Conditions of Financing against Assignment of
Monetary Claim (Factoring) within Russia dated September 19, 2012 (hereinafter – the "General Agreement")
with regard to this Agreement.

1.2.
Electronic Register - a document in electronic form, containing information on the supply
of goods by the Client in favor of any Debtor (the "Information"), directed by the Client pursuant via the System
"Alpha-Client On-line'' as a part of an electronic document "Official Letter". The requirements for content and
format of this electronic document are set in Annex No. 3 to the General Agreement.

1.3.
System "Alfa-Client On-line" – a part of the corporate information system of the Financial Agent designed
for remote servicing the Client using the Internet, which provides, inter alia, the preparation, transmission, reception, processing
of electronic documents sent by the Client to the Financial Agent. The procedure of servicing the Client via the System "Alfa-Client
On-line'', including the procedure of registration, signing and forwarding the Electronic Register by the Client to the Financial
Agent shall be established by the Agreement on servicing clients of the "Alfa-Client On-line'' between the Parties taking
into account the requirements set by the Parties in this Agreement. If at the time of signing
of this Agreement, the Client is not connected to the System "Alfa-Client On-line'' the Parties shall enter into an additional
Agreement for Servicing the Clients via the System "Alfa-Client On-line''.

1.4.
Authorized Representative of the Client - a person authorized to conclude and sign the Contracts
on behalf of the Client, as well as authorized by the Client to sign electronic documents defined by the General Agreement, in
the System "Alfa-Client On-line''.

 

2.
Subject of Agreement

 

2.1.
The subject of this Agreement is the procedure of interaction between the Client and the Financial
Agent of the use of electronic document management in order to finance the Client against the assigned monetary claims to the Debtor(s)

2.2. The Client transfers
to the Financial Agent the Electronic Register for the supply of goods in favor of each individual Debtor in electronic format
in accordance with Annex No. 3 to the General Agreement on the System "Alfa-Client On-line''.

Upon receipt of the
proper Electronic Register from the Client (and in the event its absolute reading) of the supplies made to the Debtor, the Financial
Agent shall take a decision on granting financing to the Client.

At the same time providing
by the Client of the documents in paper form shall be effected in accordance with the terms and requirements in Paragraph 4.1 of
the General Agreement.

2.3.
The parties confirm that Electronic Registers that are passed via the System "Alfa-Client On-line''
according to this Agreement may be used by the Parties along with primary documents as a confirmation of rights to the relevant
claims of the Client to the Debtor.

2.4. The Parties confirm
that Electronic Registers transferred by the Client via the System "Alfa-Client On-line'', with proper execution in accordance
with the requirements of this Agreement and the Agreement on Servicing the clients via the system "Alfa-Client On-line'' of
the Parties and the certification with electronic signature, have a legal force of documents on paper, drawn up in accordance with
the requirements of legislation and signed by the appropriate number of signatures of Authorized Representatives of the Client
and stamped with the Client's seal, and they generate the same rights and obligations of the Parties.

 

3.
Rights and obligations of the Client

 

3.1. The Client agrees
on a regular basis, according to the dates specified in Paragraph 4.1 of the General Agreement, provide via the System "Alfa-Client
On-line'' to the Financial Agent the Electronic Registers about all supplies in favor of the Debtors.

3.2. In respect of
financing provided to the Client in connection with the transfer of the Electronic Register to the Financial Agent, the Client
agrees to provide documents on paper, referred to in Paragraph 4.1 of the General Agreement.

3.3. The Client agrees
to pay remuneration (commissions) for the administrative management of accounts receivable in the amount and in the procedure provided
in the Supplementary Agreement No. 3 dated September 19, 2012 to the General Agreement.

3.4. The Client hereby
confirms the accuracy of all information transmitted to the Financial Agent.

 

4.
Rights and Obligations of the Financial Agent

 

4.1. The Financial
Agent shall receive from the Client the Electronic Registers and store them until the full execution of Client's obligations under
the General Agreement.

4.2. The Financial
Agent agrees to provide financing to the Client within 3 (Three) (inclusive) working days from receipt by the Financial Agent of
the Electronic Register from the Client (and its absolute reading) about supplies made to the Debtor.

The financing of the
Client shall be effected subject to the availability of established Financing Limit in respect of the particular Debtor.

 

	The Financial Agent	The Client
	 	/s/ Sokolov	 	 	/s/ Katsaev	 

 

    	1(2)

    	 

    

 

	Agreement dated September 19, 2012

 

5. Other Terms and Conditions

 

5.1. This Agreement
shall enter into force upon signing thereof by the Parties.

5.2. This Agreement
is an integral part of the General Agreement. Relationship of the Parties which are not regulated by this Supplementary Agreement
shall be governed by the General Agreement.

5.3. Unless otherwise
is directly said in the text of this Agreement, the terms and definitions in this Agreement shall have the same meaning as those
of the General Agreement

5.4. This Agreement
is executed in triplicate, with equal validity of each copy, of which two copies are for the Financial Agent and one copy is for
the Client.

 

6.
Resolution of Disputes

 

6.1.
Any dispute, controversy or claim arising out of this Agreement or in connection thereto shall be
settled with the Parties by means negotiation. In the absence of agreement, the dispute between
the Parties shall be considered by the Commercial Court of the city of Moscow.

 

7.
Addresses and Details of the Parties

  

	7.1 The Financial Agent	 	7.2. The Client
	
        OAO "ALFA-BANK"

        OGRN (Principal State Registration Number) 1027700067328

        INN (Taxpayer Identification Number) 7728168971, KPP (Tax Registration
        Reason Code) 775001001

        Registered office: 107078, the city of Moscow,

        ul, Kalanchevskaya, dom 27

        Address for correspondence: 107078, the city of Moscow, ul.
        Mashy Poryvaevoy, dom 9

        correspondent account No. 30101810200000000593

        in OPERU in Moscow GTU of the Bank of Russia

        BIC (Banc Identification Code) 044525593

        Account 61212810200000000688

        tel./fax: +7 (495) 620-91-91
	 	
        TOT MONEY LLC

        OGRN 1127746225540

        INN 7714868349, KPP 771401001

        Registered office: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        Mailing address: 127220, Moscow, ul.1 Kvesisskaya th, 9,

        p/c 40702810602720000110,

        in DO "Kutuzovskiy" of OAO "Alfa-Bank"

        c / a 30101810200000000593

        BIC 044525593,

        Tel.:  8-903-007-19-19

 

8.
Signatures of the parties

 

	The Financial Agent	The Client
	
        Deputy Director for Clients Relations

        of the Branch "St. Petersburg"

        of OAO "ALFA-BANK"
	
        General director

        of TOT MONEY LLC

	/s/ Sokolov	(A.G. Sokolov)	/s/ Katsaev	(Ts.Kh. Katsaev)
	STAMP HERE	STAMP HERE

 

	The Financial Agent	The Client
	 	 	 	 	/s/ Katsaev	 

 

    	2(2)MANAGEMENT AGREEMENT

 

This Management Agreement (the “Management Agreement”)
made as of October 22, 2011, by and between KeyMedia Management Inc., 269 S Beverly Drive 435 Beverly Hills, CA 90212, USA
(KMM “) and Powerstorm Capital Corporation, 2321 Rosecrans Avenue, Suite 4265, El Segundo, CA 90245 (the “Company”).

 

WITNESSETH

 

WHEREAS, the Company requires and will continue to require Management
services relating to management, strategic planning and marketing in connection with its business; and

 

WHEREAS, KMM to provide management and business
strategies services to the Company. KMM declares that it has significant experience in business development, building
and implementing corporate infrastructure and business strategies, funds raising and project financing strategic planning
and marketing Management services and is desirous of performing such services for the Company; and

 

WHEREAS, the Company wishes to induce KMM to provide these Management
services to the Company,

 

NOW, THEREFORE, in consideration of the mutual covenants hereinafter
stated, it is agreed as follows:

 

		1.	APPOINTMENT.

 

The Company hereby engages KMM and KMM agrees to render services
to the Company as a KMM upon the terms and conditions hereinafter set forth.

 

		2.	TERM.

 

The term of this Management Agreement began as of the date of
this Agreement, and shall terminate on December 31, 2013, unless earlier terminated in accordance with paragraph 7 herein or extended
as agreed to between the parties.

 

		3.	SERVICES.

 

During the term of this Agreement, KMM shall provide advice
to, undertake for and consult with the Company concerning going public, management, marketing management, strategic planning, corporate
organization and structure, financial matters in connection with the operation of the businesses of the Company, expansion of services,
acquisitions and business opportunities, and shall review and advise the Company regarding its overall progress, needs and condition.

 

KMM agrees to provide on a timely basis the following enumerated
services plus any additional services contemplated thereby:

 

Advise the Company regarding the in the process to establish
it self as a Public Company through a self filling process.

 

    	 

    	 	

    
 

 

The implementation of short-range and long-term strategic planning
to fully develop and enhance the Company’s assets, resources, products and services;

 

Advise the Company relative to the recruitment and employment
of key executives consistent with the expansion of operations of the Company;

 

The identification, evaluation, structuring, negotiating and
closing of international joint ventures, strategic alliances, business acquisitions and advice with regard to the ongoing managing
and operating of such acquisitions upon consummation thereof; and

 

Advice and recommendations regarding corporate financing including
the structure, terms and content of bank loans, institutional loans, private debt funding, mezzanine financing, blind pool financing
and other preferred and common stock equity private or public financing.

 

		4.	DUTIES OF THE COMPANY.

 

The Company shall provide KMM, on a regular and timely basis,
with all approved data and information about it, its subsidiaries, its management, its products and services and its operations
as shall be reasonably requested by KMM, and shall advise KMM of any facts which would affect the accuracy of any data and information
previously supplied pursuant to this paragraph. The Company shall promptly supply KMM with full and complete copies of all financial
reports, all fillings with all federal and state securities agencies; with full and complete copies of all stockholder reports;
with all data and information supplied by any financial analyst, and with all brochures or other sales materials relating to its
products or services.

 

		5.	COMPENSATION.

 

The Company will retain KMM on a yearly non-recoupable
fee of 120,000 Euro, payable in one or more installments. The first payment will be received not later than that the company was
be successful in filling to become public and its ability to raise moneys in exes of $1.00.000. KMM shall invoice periodically.

 

KMM in providing the foregoing services shall be reimbursed
for any pre-approved out-of-pocket costs, including, without limitation, Business class travel, lodging, telephone, postage and
Federal Express charges.

 

		6.	REPRESENTATIONS AND INDEMNIFICATION.

 

The Company shall be deemed to have been made a continuing representation
of the accuracy of any and all facts, material information and data which it supplies to KMM and acknowledges its awareness that
KMM will rely on such continuing representation in disseminating such information and otherwise performing its advisory functions.
KMM in the absence of notice in writing from the Company will rely on the continuing accuracy of material, information and data
supplied by the Company. KMM represents that he has knowledge of and is experienced in providing the aforementioned services.

 

    	 

    	 	

    
 

 

		7.	MISCELLANEOUS.

 

Termination: Either Party upon written notice to the other Party
may terminate This Agreement for any reason, which shall be effective five (5) business days from the date of such notice. This
Agreement shall be terminated immediately upon written notice for material breach of this Agreement.

 

Modification: This Management Agreement sets forth the entire
understanding of the Parties with respect to the subject matter hereof. This Management Agreement may be amended only in writing
signed by both Parties.

 

Notices: Any notice required or permitted to be given hereunder
shall be in writing and shall be mailed or otherwise delivered in person or by facsimile transmission at the address of such Party
set forth above or to such other address or facsimile telephone number, as the Party shall have furnished in writing to the other
Party.

 

Waiver: Any waiver by either Party of a breach of any provision
of this Management Agreement shall not operate as or be construed to be a waiver of any other breach of that provision or of any
breach of any other provision of this Management Agreement. The failure of a Party to insist upon strict adherence to any term
of this Management Agreement on one or more occasions will not be considered a waiver or deprive that Party of the right thereafter
to insist upon adherence to that term of any other term of this Management Agreement.

 

Assignment: The Options under this Agreement are assignable
at the discretion of the KMM.

 

Severability: If any provision of this Management Agreement
is invalid, illegal, or unenforceable, the balance of this Management Agreement shall remain in effect, and if any provision is
inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.

 

Disagreements: Any dispute or other disagreement arising from
or out of this Management Agreement shall be submitted to arbitration under the rules of the American Arbitration Association and
the decision of the arbiter(s) shall be enforceable in any court having jurisdiction thereof. Arbitration shall occur only in Los
Angeles, CA. Californian Law shall govern the interpretation and the enforcement of this Agreement as applied to residents of the
State of California relating to contracts executed in and to be performed solely within the State of California. In the event any
dispute is arbitrated, the prevailing Party (as determined by the arbiter(s)) shall be entitled to recover that Party’s reasonable
attorney’s fees incurred (as determined by the arbiter(s)).

 

N
WITNESS WHEREOF, the Parties as of the date first above written have executed this Management Agreement.

 

	POWERSTORM CAPITAL CORP.	KeyMedia Management (KMM)
	 	 
	 	 
	/s/ AnamariaPruteanu CEO	/s/ Mike J Freni

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