T E R M S    A N D    C O N D I T I O N S    OF   A G R E E M E N T   WITH    C O N T U S    L V   SIA

1. PARTIES

"Contus LV" is a company with the name Contus LV SIA and Latvian organization number 40203245721. The registered adress of Contus LV is: Jelgava, Krišjāņa Barona iela 40A, Latvia. Contus LV is a company registered in Latvian business register. "The Client" is a physical or a legal person, which adheres to this agreement with Contus LV.

2. ADHERING TO THIS AGREEMENT

The agreement about delivery of services considers to be concluded when the Client sends an order, with the help of fax, mail, e-mail or web page (www.contus-accounting.se). Sending an order indicates Client's acceptance of this agreement, and Client agree to be bound by these terms and conditions. Contus LV will inform the Client by e-mail, post or telephone if further information is necessary. E-mail will be the primary communication channel between Contus LV and the Client and important information will be sent from Contus LV to the Client by e-mail. The Client also gives its approval to receive special offers from Contus LV.

3. DESCRIPTION OF THE SERVICES

The services to be delivered by Contus LV are: Production of all the required documents to register Latvian limited liability company (SIA) in Latvian Companies Registration Office (Uzņēmumu reģistrs).
Included to the services are:

a) Standartised incorporation documents and company by-laws;
b) Filling of the Latvian Companies Registration Office (Uzņēmumu reģistrs) registration form;
The company can only be formed using liquid funds. In-kind contributions cannot be used as share capital in this service.

4. THE LIABILITY OF THE CLIENT

The Client has to:

a) Return all the required documents to Contus LV within agreed time.
b) Pay the required fees before the maturity.
c) Act in agreement with the Latvian legislation.

Contus LV has right to terminate delivery of the services immediately if:

a) The Client within agreed time despite reminder does not provides the required information, which Contus LV asks it in order to delivery a service.
b) The Client according to Contus LV judgement is involved into activity, which is conflicting with Latvian legislation, or
c) The Client has not paid required fees within agreed time.

When delivery of the service is terminated Contus LV has to inform the Client about termination of services.

5. FEES

The Client has to pay the fees according to the last valid Fee Schedule applied by Contus LV.

6. PAYMENT TERMS

The services are paid fully upon the order if payment against invoice is not agreed. If payment against invoice is agreed the received invoice has to be paid in 10 days net of charges. If the payment is delayed Contus LV has right to ask the penalty interest, according to Latvian Law when the payment is delayed. In addition Contus LV has right to ask to cover expenses related to pre-court debt collection made according to Latvian the Debt Collection Act and provisions in other laws.

7. EVALUATION OF CREDITWORTHNESS

Contus LV has right to undertake evaluation of Client's credit worthness, that is collect information about the Client from public sources or special firms providing service of evaluation of creditworthness. Based on this information Contus LV has right to cancel an order.

8. CONFIDENTIALITY

Contus LV, its employees and subcontractors are obliged to keep confidentiality about the Client's use of the services. The courts of Law, prosecution and police auhtorities as well as other public authorities may get this information if they have right to do so according to the Latvian legislation.

9. DAMAGES

Contus LV is responsible for direct damages that are caused by negligence from Contus LV side. As direct damages are understood necessary and documented expenses, which the Client had to pay as a result of this negligence. The responsibility for the damages of Contus LV is limited to the ammount paid for the service, independently whether it is single damage or series of damages caused by the same reason.

10. COMMERCIAL USE OF THIS SERVICE

The Client has no right to re-sell this service to third party without a written consent from Contus LV.

11. CHOICE OF THE LEGISLATION

This agreement is concluded according to the Latvian law. This English translation of this agreement is not a separate agreement, but it has the purpose only to illustrate content of agreement concluded in Latvian. Every dispute regarding this agreement shall be solved in Latvian courts of law.