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    N O R G E

1. PARTIES

"CONTUS NORGE" is a company with the name CONTUS NORGE and Norwegian organization number (organisasjonsnummer) 998 729 963. The registered adress of CONTUS NORGE is: c/o AA Regnskap AS, Ringsveien 3, 1368 STABEKK. CONTUS NORGE is a foreign (EU) company registered in Norwegian business register. "The Client" is a physical or a legal person, which adheres to this agreement with CONTUS NORGE.

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.no). Sending an order indicates Client's acceptance of this agreement, and Client agree to be bound by these terms and conditions. The Client also gives its approval to receive special offers from CONTUS NORGE.

3. DESCRIPTION OF THE SERVICES

The services to be delivered by CONTUS NORGE are: Production of all the required documents to register Norwegian limited liability company (aksjeselskap) in Brønnøysund registers.
Included to the services are:

a) Standartised incorporation documents and company by-laws,
b) Filling of Brønnøysund register form called "Samordnet registermelding del 1" in Altinn,
c) Approval of opening balance by the auditor, given the share capital is paid in cash,
d) Declaration of willingness to accept the customer from the auditor, if the Client has chosen to audit his company (Required by Brønnøysund register if the Client has chosen to audit his company.).

Assets can not be used to form the share capital in the company and the Client has to use the auditor reccommended by CONTUS NORGE. The running costs for the audit are not included into this service.

4. THE LIABILITY OF THE CLIENT

The Client has to:

a) Return all the required documents to CONTUS NORGE within agreed time.
b) Pay the required fees before the maturity.
c) Act in agreement with the prescriptions of Norwegian law.

CONTUS NORGE 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 NORGE asks it in order to delivery a service.
b) The Client according to CONTUS NORGE judgement is involved into activity, which is conflicting with Norwegian legislation, or
c) The Client has not paid required fees within agreed time.

When delivery of the service is terminated CONTUS NORGE 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 NORGE.

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 NORGE has right to ask the penalty interest, according to Norwegian Law when the payment is delayed. In addition CONTUS NORGE has right to ask to cover expenses related to pre-court debt collection made according to Norwegian Debt Collection Law.

7. EVALUATION OF CREDITWORTHNESS

CONTUS NORGE 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 NORGE has right to cancel an order.

8. CONFIDENTIALITY

CONTUS NORGE, 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 Norwegian legislation.

9. DAMAGES

CONTUS NORGE is responsible for direct damages that are caused by negligence from CONTUS NORGE 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 NORGE 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 NORGE.

11. CHOICE OF THE LEGISLATION

This agreement is concluded according to the Norwegian 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 Norwegian. Every dispute regarding this agreement shall be solved in Nowegian courts of law. Parties choose Oslo Byrett as a main court.