Membership Agreement
of Innovation Business Club "INTELCOM"

1. GENERAL PROVISIONS

2. DEFINITIONS

3. SUBJECT OF THE AGREEMENT

4. RIGHTS AND OBLIGATIONS OF THE PARTIES

5. ANNUAL FEE FOR THE CLUB'S MEMBERSHIP, ADDITIONAL PAYMENT OF SERVICING AND SERVICES. PROCEDURE OF SETTLEMENTS

6. ORDER OF CONCLUDING AND PROLONGATION OF AGREEMENT. TERM OF AGREEMENT

7. ORDER OF INTRODUCTION OF AMENDMENTS AND CANCELLATION OF AGREEMENT

8. SIMULTANEOUS

9. LEGAL ADDRESS AND PAYMENT DETAILS

   Legal Address: 125040
   23 Leningradsky prospect, Moscow, Russia

   Payment Details: Certified checks or money orders in US dollars should be sent to:

   Russian Technology Initiative
   82 Rolling Links
   Oak Ridge, Tennessee 37830
   USA
   Phone: 865-481-0560
   Fax: 865-481-3735

   For payments made by wire transfer (in US Dollars):
   Union Planters Bank, NA
   1298 Oak Ridge Turnpike
   Oak Ridge, Tennessee 37830
   USA
   ABA# 084000084
   Beneficiary Account: "Russian Technology Initiative Inc."
   82 Rolling Links Blvd.
   Oak Ridge, Tennessee 37830
   Account: 3940013282

   Additional details for payments made by wire transfer (in Euros):
   Intermediary Bank: Dresdner Bank
   Frankfurt, Germany
   Swift Code: DRESDEFF
   
   Beneficiary Bank: Union Planters Bank
   1298 Oak Ridge Turnpike
   Oak Ridge, TN 37830
   ABA#084000084

ANNEX No.1

ANNEX No.2

ANNEX No.3