Appendix

REMUNERATION

of service on time-billing remuneration bases

REMUNERATION for periods of less than one month before fulfillment of the first transaction, subject to the consultancy or financial advisior, which transaction earns profit, is calculated on time basis. It is directly attributable to the services (one hour being equivalent to £30 but not more than 100 hours of a month).

Payment on a calendar day-basis is made for time spent away from home office (one day being equivalent to £100 as 1/30th of a month but not more than 60 days of one year).

Remuneration shall be determined on the basis of time actually spent by the onsultant's/advisor's personnel in performance of the services after the commencement of service date.

It is understood that:

(i) the remuneration rates shall cover the consultant's/advisor's fee, and

(ii) bonuses or other means of profit-sharing shall not be allowed as an element of overhead (if it is not otherwise pre-arranged for the overseas personnel employed on "client-centered" fee-based only).

CONCURRENT CONDITION. Neither can recover from the other for breach, negligence of performance or in case the Client fails to complete the transaction unless he or she first tenders his or her own performance.

EXPENDITURES. The breakdown may consist of the following types of expenditures actually and reasonably incurred by the Consultant in the performance of the services, as follows:

1) A per diem allowance for each of the personnel for every day in which such personnel shall be absent from his home office and shall be outside the Country for the purpose of the Services at the rate of:

(i) £150 per day for each strategist, and

(ii) £80 per day for each expert or developer or technical staff.

The following transportation costs:

(i) The cost of international transportation of the personnel and, as specified below, eligible dependants of the personnel, by the most appropriate means of transport and the most direct practicable route to and from the Consultants’ home office or branch; in the case of air travel, this shall be by less than first class except when the President and/or CEO are travelling, and

(ii) Miscellaneous travel expenses such as the cost of the transportation to and from airports, airport taxes, entry visas, travel permits, vaccinations, etc. at a unit price of depending on any particular occasion, but not less than £100 and not exceeding £300 per round trip.

3) The cost of communications (other than those arising in the Country) reasonably required by the Consultant for the purposes of the Services.

4) The cost of printing, reproducing and shipping of the documents, reports, drawings, etc., and

5) The cost of and use of communication and computers for the purposes of the services at the rate approved by the Client.

The costs as per Paragraphs (3) to (5) above may be settled currently from the advance payment sum or Admission Fee, deposited by the Client. No any approved notifications or reports are required when the sum of such a settlement does not exceed £100 a month. The overcharges require the Clients approval and acceptance.

For more information about the business trip expenditures click here.

NOTE. Admission Fee refundable deposit making is an absolute must. For details about it click here.

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