GENERAL CONDITIONS OF THE PARTNERSHIP SOLIANA BONAPART & AARDENBURG

  1. Soliana Bonapart & Aardenburg ("SB&A") is a partnership of lawyers, whose partners are legal persons. A list of the partners is available upon request.
  2. All assignments shall be deemed to have been entrusted to and accepted by SB&A. The death or employment termination of a staff member or a partner´s retirement from the partnership shall not cause an assignment to terminate, regardless of whether the assignment was granted with a particular person in mind. The general conditions are applicable to all assignments entrusted by the clients to SB&A. These general conditions are also applicable to any new, additional or follow-up assignments granted by the client.
  3. SB&A can at all times require an advance payment prior to accepting an assignment and during the execution thereof.
  4. For the execution of the assignment clients are required to pay a fee (increased by administrative expenses per note of charges, and by the taxes and dues levied by the government) as well as any disbursements payable to SB&A. The calculation of attorney´s fees is in principle based on an hourly rate. The client will be notified of the amount due for fees, administrative expenses and disbursements by means of a note of charges. SB&A endeavors to send monthly notes of charges to their clients.
  5. Clients are required to effect payment of the note of charges without any deduction, discount or setoff, within 15 calendar days from the date of dispatch of the invoice. Failure to comply therewith shall be regarded as default on the part of the client, in which case a 1.5% interest per month will be charged to the client. Moreover, the client will have to pay 15% collection charges with a minimum of ANG 500.00 In the event that either SB&A or its "Stichting Gelden Derden-rekening SB&A"("SB&A Foundation for Third Party Funds Account") keeps funds in custody for a client, SB&A shall be entitled to deduct such funds from its note of charges.
  6. Entrusted assignments shall be executed exclusively for the benefit of the client. Third parties cannot derive any rights from work carried out on the client´s behalf.
  7. If necessary, SB&A, acting in consultation with the client, will enlist the services of third-party experts from outside its organization. SB&A disclaims any liability whatsoever for faults committed by these third parties.
  8. Any liability on the part of SB&A is limited to the amount that is paid out under the firm´s professional liability insurance in the matter concerned, plus the amount of the deductible that under the policy conditions is not borne by the insurer. Said limitation of liability shall also be applicable in case an assignment is wrongly refused, resulting in any damage or loss.
  9. Alterations and additions to these conditions shall be binding upon the client 30 days after the client has been notified thereof by SB&A.
  10. The legal relationship between SB&A and its clients is governed by the laws of the Netherlands Antilles. All disputes arising from this legal relationship shall be decided by the Court of First Instance of the Netherlands Antilles in Curaçao, notwithstanding the possibility for appeals and cassation against said decision.
  11. These general conditions have been drawn up in Dutch and English. In case of any disagreement as to the contents and purport, the Dutch version shall be binding.

These General Conditions have been filed with the Registry of the Court of First Instance of the Netherlands Antilles in Curaçao on January 2007.