GTC

GENERAL TERMS OF CONTRACT

Last Updated: July 01, 2020

1. THE LANGUAGE OF GTC

1.1 General Terms of Contract, Hungarian-English loan translation made. The authentic text of this eneral Terms and Conditions and only the English texts.

2. DISPUTE RESOLUTION

2.1 Any dispute arising out of or in connection with the contract shall be finnaly settled in accordance with the Rules of Conciliation and Arbitration of the International Chamber of Commerce by one or more arbitrators designated in accordance to said Rules. Address can be found in the 1. number annex of Agreement.

3.FULFILLMENT OF THE PAYMENT OBLIGATION

3.1 All prices are in HUF / EUR or harm include the Amount of VAT as well. The service fee Shall be paid before the start of the service. In case, where the client has make a down payment to the service provider, from your service provider will receive an acknowledgment of your payment. The customer is required to complete 50% of the service charge to pay the Remaining 50% service charge arrears to the service end of to be charged. Any payment obligation of Parties under any Contract shall be deemed to have been fulfilled, if its amount is credited on the bank account of enterprise.

4. CONTENT OF THE SERVICE TERMS

4.1 Service contract shall be concluded between and client of the service provider. In the case of a natural person, the copy of their ID/Passport, and address registration sheet,identity card No., Given Name, Surname, Mother's name, place of birth, date of birth. In case are legal entities, the copies of the abstract from the commercial registry and Expor/ Import Registration number, VAT number, Full corporate name and contact person name. In both cases their e-mail addresses, post addresses, Bank name, Bank invoice and bank addresses, which documents shall be provided to service upon entering into force and effect of the legal relationship of the client or Other Services as certified int he Specific Agreement.

4.2 In carrying out their obligations under this agreement the parties will act in accordence with good faith and fair dealing.

4.3 When negotiating with costumers, the service provider shall offer Products/Services strictly in accordance with the terms and conditions of the contract of the contract of sale that the principal has communicated to him.

4.4 Unless otherwise specifically agreed, the services provider has no authority to make contracts on behalf of, or in any way to bind, the principal towards third parties. He only solicits orders from customers for the principal, who is free to accept or to reject them.

4.5 The Client shall inform the Agent without undue delay of his acceptance or rejection of the orders transmitted by the latter. The Client may accept or reject any individual order transmitted by the Agent at his own discretion. He shall furthermore inform (within 2 working days) the service provider without undue delay of his acceptance, refusal and/or non-execution of any business transmitted by the service provider.

4.6 Without the prior written authorisation of the Client, the Service provider shall not represent, or distribute any Products/Service that are in competition with the Products, for the entire term of this contract the given on a geographical area and/ or in group of customers.

4.7 The Service provider may engage sub-agents. The Service provider shall be responsible for the activities of his sub-agents.

4.8 Delivery will be conveying in the Office under the following conditions. In case of export to deliver shall be CIF or DAP Incoterms® 2020. In case of Import to deliver shall be EXW or FCA Incoterms® 2020.

4.9 The Service provider shall use the client`s trademarks, trade names or any other symbols, but for the only purpose of identifying and advertising the Products, within the scope of this contract and in the Client`s sole interest.

4.10 The right to use the principal`s trade names or symbols, as provided for under the 4.9 paragraph of this article, shall cease immediately for the service provider, on the expiration or termination, for any reason, of the present contract.4.11 The Service provider shall immediately inform the Client of any observations or complaints received from buyers is respect of the Products. The Service provider has no authority to engage in any way the Client, unless after he has received a specific written authorisation to such effect.

4.12 The Client shall provide the Service provider with all necessary written information relating to the Products (such as price lists, brochures, etc.) as well as with the information needed by the Service provider for carrying out his obligations under the contract.

5. TERMINATION OF CONTRACT

5.1 Furthermore, the parties agree that the following situations shall be considered as exceptional circumstances that justify the earlier termination by the other party, bankruptcy, moratorium, or any circumstances that are likely to affect substantially one party`s ability to carry out his obligations under this contract. Moreover, any violation of the contractual obligations may be considered as a substantial breach, if such violation is repeated notwithstanding a request by the other party to fulfill the contract obligations.

5.2 If a partyterminates the contract according to this article, but the arbitrators ascertain that the reasons put forward by that party did not justify the earlier termination, the termination will be effective, but the other party will be entitled to damages for the unjustified earlier termination.

6. APPLICABLE LAW

6.1 This provider is governed by the domestic law of Hungary. The sprovider provider is established within the EEC, the mandatory provisions of the EEC Directive of 18 December 1986 (86/653/ ECC) shall also apply.6.2 The contract annexes attached trained integral part of this contract. Comments on amendments and supplements to the contract shall be valid only if they are certified and recognized by both parties in writing. In order to avoid misunderstandings the parties should, when signing the contract, put their signature on each page, in order to make sure what were in Agreement.

6.3 The nullity of a particular clause of this contract shall not entail the nullity of the whole agreement, unless such clause is to be considered as substantial, i. e. if the clause is of such importance that the parties would not have entered into the contract if it had known that the clause would not be valid.

6.4 The present contract cannot be assigned without prior written agreement between the two parties.