English translation from the original Russian language document] CONTRACT No. СPА/ML-17Contract No. Cpa/Ml-17 • May 15th, 2013 • Net Element International, Inc. • Services-computer processing & data preparation
ZAO "MegaLabs", incorporated and registered in accordance with laws of the Russian Federation, hereinafter referred to as the "Customer", represented by the Director on Operating activities V.Y. Starodubov, acting on the basis of power of attorney No. 16-CEO-Ish-459/12 dated 07.12.2012, on the one hand, and and TOT MONEY LLC, incorporated and registered in accordance with laws of the Russian Federation, hereinafter referred to as the "Provider", represented by its General director, Ts.Kh. Katsaev, acting on the basis of the Articles of Association, on the other hand (hereinafter collectively referred to as the "Parties" and individually as the "Party"), whereas the Parties warrant to each other that they have all necessary rights, licenses, authorizations to enter into the above mentioned relations, have concluded this Contract (hereinafter referred to as the "Contract") to the following effect:
