Invoicing

13.

The hourly rates will be indexed annually (to wit, as per January 1) in accordance with the Consumer Price Index All Households of Statistics Netherlands (Centraal Bureau voor de Statistiek) of December of the previous year. The hourly rates will be rounded up to whole Euros. Apart from the aforementioned indexing, the hourly rates of trainees and associates agreed on at the intake of a case will be adjusted annually in accordance with the relevant hourly rate scales of De Roos & Pen. A copy of the hourly rates scales will be forwarded upon request. The Client shall be informed timely of any interim changes in the agreed rate other than those in connection with the abovementioned indexing.

14.

In addition to the hourly rates, 6,25% office expenses will be charged in connection with, inter alia, telephone, fax and postage costs. Other expenses will be charged separately.

15.

In case of activities to be carried out forthwith or over the weekend the agreed hourly rate may be increased by 50% to 100%.

16.

Activities will only be performed on the basis of a retainer.

17.

The hours worked and the expenses made will be invoiced on a regular basis. Invoices should be paid within the agreed term of payment. If desired, invoices can be sent on a monthly or quarterly basis. If an invoice remains unpaid, even after several reminders, the PLC shall be forced to charge the statutory interest rate and costs connected therewith.

18.

Except when agreed upon otherwise in writing, the retainer shall not be offset against interim invoices. Only upon termination of the activities shall the retainer be settled with the final invoice. A credit balance, if any, will be refunded.

19.

However, the retainer may be offset in case interim invoices are not paid in a timely manner. The lawyer working for the Client will suspend his activities until an advance payment has been made anew.

20.

If desired, the Client may ask the lawyer for an estimate of the amount of the final invoice as soon as the latter has sufficient information to make such an estimate.

21.

Without prejudice to the provisions in the Bookkeeping Ordinance of the Netherlands Bar Association (Boekhoudverordening van de Orde van Advocaten), outstanding invoices may be settled with any funds that the lawyer may hold in deposit for the client, insofar as those funds can be paid to the Client without any impediment.

22.

If outstanding invoices remain unpaid, even after various reminders, then the PLC will engage a debt-collection agency. The interests and costs of the debt-collection agency shall be borne by the client.