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Registered office address

This Agreement was entered into this …………….. by and between:

……………………, UIC …………….., represented by ………………………, hereinafter referred to as the CLIENT,

and

VELARK LTD, UIC  207478186, represented by Boyan Kralev, hereinafter referred to as the CONTRACTOR. The Agreement was concluded as follows:

 

SUBJECT OF AGREEMENT

  1. The Contractor shall be bound to provide the following package of services Premium HQ to the CLIENT:

Registered office address in the REPUBLIC OF BULGARIA: Sofia, Sredets District, 33, Alabin street, floor 3, office 318 and the respective representation before public administration officers at entity’s address, as well as timely acceptance and signing of documents according to explicit instructions of the Client.

  1. The Contractor shall agree to provide the above specified package of services within the following working time from 09:00 to 17:00 for the exception of the weekend days, national holidays and official non-working days.
  2. The Contractor reserves the right to amend the terms and conditions of this agreement depending on the specifics of the business activities of the CLIENT. Such amendments shall be made by giving explicit written notice.
  3. This Agreement is concluded for an indefinite period of time and the date of its execution shall be considered the date of commencement, as specified above.

FEES

  1. The Client shall pay the Contractor a one-off initial fixed fee to the amount of 0 /zero BGN/ for the service package provided under this Agreement.
  2. The Client shall pay the Contractor a six-monthly subscription fee of 348 (three hundred forty-eight BGN) for the service package described above in the subject of agreement section.

RIGHTS AND OBLIGATIONS OF THE PARTIES

  1. Rights and obligations of the Client:

/1/ The Client shall have the right to use the address of the Contractor as a correspondence address of one commercial enterprise.

/2/ shall provide the following information on signing this Agreement:

/2.1./ Email of a natural person (persons) representing the Client.

/2.2./Telephone number of a natural person (persons) representing the Client in the event of required urgent communication.

/2.3./ Client’s address in connection with forwarding written correspondence or contact person (persons) in the event that the mail is kept at the Contractor’s office.

/3/ The Client shall pay the fees under this Agreement within the specified amount and term.

  1. Rights and obligations of the Contractor:

/1/ The Contractor shall strictly and timely perform Client’s instructions relating to the implementation of this Agreement.

/2/ The Contractor shall inform the Client in due time about any messages, invitations and other information received and intended for the Client, within one day from the receipt.

/3/ The Contractor shall use the information provided solely for the purposes of this Agreement;

/4/ The Contractor shall not provide to third parties any information constituting a trade secret of the Client, as well as information that has become known to the Contractor in connection with the implementation of this Agreement, without Client’s explicit consent;

/5/ The Contractor shall carry out the assigned works covered by this agreement while strictly abiding by the legal provisions regulating these activities;

/6/ The Contractor shall keep all the commercial and other information and documentation of the Client for the term of this Agreement, unless otherwise agreed. 

LIABILITY

  1. The Contractor shall not be liable in the following cases:

/1/ on claims by third parties against the Client in relation to the use of the service package.       

/3/ for distribution of messages with obscene or insulting texts and/or images, on religion, belief, or political basis.

/4/ for imprecisely, incorrectly, or untimely claimed information on behalf of the Client.

/5/ for any damages caused by the Client to third parties.

CONFIDENTIALITY

  1. The parties under this Agreement agree that, in the process of work, the Contractor shall receive confidential information and documents and shall respectively have access to such information or documents.
  2. Confidential information and documents, within the meaning of the foregoing paragraph, shall be understood to mean any information and documents, as well as parts of them, regardless of whether the information has been communicated in verbal or written form, without limitations, including but not limited only to: specifications, any and all materials and information relating to the business activity of the Client, terms and provisions of agreements, terms of sales, technology of commercial offering, etc. Within the meaning of this Agreement, confidential is also any information or documentation which, without being provided to the Contractor, has become available to the Contractor during, on, or in connection with the implementation of its obligations under this Agreement, which concerns Client’s activities, relations with other partners, clients, and any other conditions and information, which by becoming available to third parties, might result in damage to the reputation and credibility of the Client and/or to impairment of its interests.
  3. The Contractor shall be obliged not to disclose in any manner confidential information within the meaning of the foregoing paragraphs of this Agreement, which has come to Contractor’s knowledge including but not limited only to: information about Client’s employees and clients; Client’s contracts, data of Client’s offers, any other information the disclosure of which might bring unfavourable consequences for the Client.
  4. The terms and conditions under this Agreement, as well as any information regarding the terms and condition of the Agreement provided by one of the parties to the other, shall be deemed confidential for the parties and must not be disclosed, either in full or in part, to third parties, as well as published without prior written consent of the parties on condition that this clause does not prevent from making disclosures required by law.

INVOICING

  1. The invoicing of the fees for the package of services provided to the Client shall be done each six months.
  2. The payment of the fees shall be made by bank transfers to the bank account specified by the Contractor.
  3. The bank charges relating to payment of the invoices shall be borne by the Contractor.

DISSOLUTION AND TERMINATION OF AGREEMENT

  1. This Agreement can be terminated by the Client at any time with a one-month’s written notice.
  2. This Agreement can be terminated at any time by the Contractor with a two-months’ notice.
  3. This Agreement shall be deemed dissolved without any notice being needed if the Client delays the payment of a fee for a period longer the 14 /fourteen days/ calendar days.
  4. When terminating this Agreement, regardless of the reason for its termination, the Client shall lose its right to use the address provided by the Contractor as its registered office address.

/1/ The Client shall be obliged to change its registered office address within one month from the date of termination of this Agreement.

APPLICABLE LAW

  1. This Agreement shall be subject to the laws of the Republic of Bulgaria. Any disputes arising from this agreement, as well as from possible additional agreements that might be concluded by the parties under this agreement, shall be referred to the Court of Arbitration at the Bulgarian Chamber of Commerce and Industry.

CORRESPONDENCE

  1. The correspondence between the parties in connection with this Agreement shall be performed in writing by duly authorized representatives of the parties and shall be delivered in one of the following manners:
  2. in person, or
  3. by fax or email
  4. by registered mail /courier service/

/1/ The date of receipt of the notice shall be:

  1. in the event of serving the notice in person – the date of handing it over, provided that there is a confirmation document.
  2. in the event of sending by postal/courier service – the date indicated on the acknowledgement of receipt/courier delivery receipt.
  3. on sending by fax – the date of acceptance.

/2/ The party which has changed its address and contact information as specified in the foregoing paragraph shall be obliged to inform the other party in writing within 3 (three) days as of the change. Otherwise, it will be deemed that the party has been duly notified if the other party has sent documents to the party’s old address.

 

This Agreement was made in 2 (two) identical counterparts – one for each of the parties.

FOR THE CLIENT

FOR THE CONTRACTOR