General Terms and Conditions.

1.            These general terms and conditions (‘General Terms and Conditions’) apply to every agreement of assignment (including ongoing assignments, follow-up assignments, modified or additional assignments) or legal relationship between the partnership SETTL Law (‘SETTL Law’) and a client (‘Client’) whereby SETTLE Law is to perform or has performed work.

2.            The applicability of any general or other terms and conditions of the Client is expressly rejected.

3.            Only SETTL Law is considered the contractor towards the Client, even if it is the explicit or implicit intention that an assignment will be carried out by a specific person. The operation of Articles 7:404 and 7:407 paragraph 2 of the Dutch Civil Code is fully excluded.

4.            Employees and/or partners and/or associates and/or contractors acting in the exercise of professional activities on behalf of SETTL Law cannot be held liable by the Client.

5.            Work is performed exclusively for the benefit of the Client. Third parties cannot derive any rights from the content of work performed by SETTL Law for the Client or from the manner in which the assignment has been executed or not executed.

6.            SETTL Law is authorized to engage third parties in connection with the execution of the assignment. Any limitations of liability that third parties may apply can be accepted by SETTL Law on behalf of the Client. Any liability of SETTL Law for acts or omissions of these third parties is excluded. SETTL Law excludes any liability resulting from or in any way related to the insolvency or other failure to meet obligations by any bank, financial institution, or other third party.

7.            Unless expressly agreed otherwise, the services performed by SETTL Law for the Client will be charged based on the time spent on the matter, recorded in six-minute increments, and multiplied by the applicable hourly rate. All rates quoted by SETTL Law are exclusive of VAT and any additional costs incurred or to be incurred in connection with the assignment, including, but not limited to, travel and accommodation expenses, court fees, and other disbursements.

8.            Unless expressly agreed otherwise, SETTL Law will send invoices at the end of each month for the services rendered and costs incurred. Payment of the invoices must be made within fourteen (14) days of the invoice date, failing which the Client is in default by operation of law. In the event of non-payment, SETTL Law reserves the right to charge a delay interest, including statutory interest, at a rate of 1.25% per month on the outstanding amount. A part of a month is considered a full month for this purpose. The Client is also responsible for any collection costs, which are calculated according to the collection rates of the Dutch Bar Association.

9.            In the event of non-payment (timely) of work performed by or on behalf of SETTL Law, SETTL Law is entitled to suspend its work until full payment of the outstanding invoices has been made. Liability for any damage resulting from this for the Client is excluded.

10.         If it has been agreed with the Client that an advance payment must be made before the work will commence, this advance payment will be settled with the final invoice. If multiple invoices are outstanding, SETTL Law is entitled to offset the paid advance against the oldest outstanding invoice. If SETTL Law for any reason has wrongly not charged VAT, where it later appears that VAT should have been charged, SETTL Law may still charge the amount not considered as VAT to the Client, and the Client is obliged to pay that amount to SETTL Law.

11.         The hourly rates for each lawyer are reviewed and adjusted annually on January 1, taking into account, among other things, wage and price trends within the sector. The Client will be informed of any changes in the hourly rates in the invoice for the services rendered in the first month of the relevant year.

12.         The Client indemnifies SETTL Law and any persons directly or indirectly affiliated with SETTL Law for claims from third parties arising from the work performed by SETTL Law for the Client. The costs that SETTL Law must incur in connection with such claims from third parties will be reimbursed by the Client to SETTL Law upon first request. This indemnification also includes the costs of legal assistance.

13.         Any liability of SETTL Law is limited to the amount paid out by SETTL Law's insurance policy in the relevant case, plus the amount of SETTL Law's deductible under that insurance. If the insurance policy does not cover in any case, the total liability is limited to the amount paid by the Client to SETTL Law for the work in connection with which the damage arose in the 12 months preceding the liability claim, with a maximum of EUR 20,000 (twenty thousand euros). Any claim for damages against employees and/or partners and/or contractors of SETTL Law is excluded.

14.         All claims of the Client, on any grounds whatsoever, expire thirteen months after the work to which the claims relate has been performed, unless the Client's possible rights have expired earlier in accordance with the law.

15.         SETTL Law is required by law and regulations to establish the identity of the Client. SETTL Law is authorized and in certain circumstances obliged to report unusual transactions to the competent authorities without informing the Client.

16.         SETTL Law processes personal data as described in the privacy statement, which can be found at www.settllaw.com.

17.         The limitations and exclusions of liability set out in these General Terms and Conditions also apply in the event that an assignment has been wrongly refused and damage results from this.

18.         SETTL Law's office complaints procedure applies to the services provided. This office complaints procedure can be consulted at www.settllaw.com.

19.         The legal relationship between SETTL Law and the Client is exclusively governed by Dutch law. Except as otherwise provided in the office complaints procedure, disputes between the Client and SETTL Law will be submitted exclusively to the competent court of the Amsterdam District Court.

20.         These General Terms and Conditions are drawn up in Dutch and English. In the event of any dispute about the content or interpretation of these General Terms and Conditions, the Dutch version prevails.

21.         The most recent version of these General Terms and Conditions can be consulted at www.settllaw.com. SETTL Law is entitled to unilaterally amend these General Terms and Conditions. The amended General Terms and Conditions will take effect after the Client has been informed thereof.