Terms of Business as per 1 October 2009

Our Terms of Business are the foundation for our good working relationship with you. They govern the services that Chas. Hude A/S provides to you unless otherwise agreed.

1. Introduction and scope of services
2. Instructions
3. Fees and payment terms
4. Disclosure, confidentiality and insider information
5. Files
6. Email communication
7. Termination of relationship
8. Insurance and Limitation of Liability
9. Applicable law and jurisdiction
10. Contact us

1. Introduction and scope of services

At Chas. Hude we strive to provide you with prompt, attentive consultancy within the field of Intellectual Property (IP).

Our point of departure is always strategic consulting. This means that Intellectual Property is more than protecting knowledge and innovation through Intellectual Property Rights such as patents, trade marks, designs, copyrights and utility models. To us, IP is also about using - and commercializing - technological inventions and business identifiers.

Professional know-how, accuracy and quality combined with a strong personal commitment to find the right solutions are the qualities that characterize Chas. Hude.

All of our employees are bound by confidentiality agreements and all inquiries are handled in a strictly confidential manner.

We have a large international network and cooperate with local attorneys in more than 150 countries. We work with these attorneys when representing you before national authorities throughout the world, and our relationships with them have been developed through many years of collaboration and trustworthy service. We, however, cannot accept liability on their behalf for any of their errors.

We are member of The Association of Danish Patent Agents and FICPI (Fédération Inter-nationale des Conseils en Propriété Industrielle).

2. Instructions

We will agree with you on an ongoing basis as to the nature of our IP services and the scope of each task.

In order to meet official deadlines imposed by patent and trade mark offices, we rely on you to supply us with timely, clear and complete instructions and information. Failure to meet of-ficial deadlines can result in irrevocable loss of rights. Chas. Hude cannot accept liability for any loss of rights incurred as a result of insufficient and late instructions. We will notify you of everything required to meet all official deadlines.

In cases where urgent action is required, we will commence work based on oral instructions. However, we require written instructions or confirmation when an application will be revoked or will lapse, and in cases where Chas. Hude is disbursing payment on your behalf, for example when filing new applications and instructing foreign associates to act in cases where local fees will be incurred.

When requested, we will provide price estimates for our work. Estimates are based on our current fee schedules and exchange rates, and are to be regarded as approximations only, and are therefore not binding. Matters beyond our control may affect the actual costs and, particularly where costs are based on hourly fees, the amount of work cannot always be accurately predicted.

3. Fees and payment terms

All of our services are charged according to our hourly rates and standard fees, which are based on the pricing set out in our schedule of charges. Chargeable services include, but are not limited to, time spent on telephone calls, correspondence regarding deadlines and handling communication we receive as your IP consultants.

We also charge for any disbursements, for example official fees, administrative fees and fees for our foreign associates.

As a Danish client, payment is due within 21 days net from the invoice date.

As a foreign client, payment is due within 30 days net from the invoice date.

If an invoice is not settled within the above time limit, we will send a reminder and reserve the right to charge interests according to the Danish Interest Act. We further reserve the right to seize all work on your cases until any outstanding invoices have been settled.

In certain cases, we require down payment before executing a requested service.

We also require payment to cover certain outgoings, for example fees from overseas trade mark and patent offices and expenses for global IP consultancy firms.

4. Disclosure, confidentiality and insider information

All information generated or obtained by us in connection with our working relationship is confidential. We do not disclose any information to third parties in any situation other than those listed below.

We will keep all your business information confidential and:

• use your business information for the sole purpose of conducting our services
• refrain from making any commercial use of your business information without your ex-press written consent
• disclose your business information only to our employees, agents and authorities who need access to this information for the purpose of the task. And we will do our utmost to ensure that all employees and agents keep this information confidential to the degree we have detailed here.

The above confidentiality guidelines do not apply to, or will cease to apply to, any part of the business information that:

• has become generally available to the public
• was already in our possession prior to its acquisition from you
• was received from a third party who did not acquire it directly or indirectly from you

All of our employees are subject to special rules in accordance with current legislation that prohibits the disclosure of insider information about listed companies and prohibits trading of securities in listed companies.

5. Files

Our files remain our property at all times. If you request work to be transferred from Chas. Hude to another professional advisor, we will either supply copies or provide access to the files. The processing time for this service is billable.

6. Email communication

Unless you prefer otherwise, we will primarily communicate with you via email.

Please note that the security of email cannot be guaranteed over a public network. Please let us know if you would prefer to not use email for exchanging information, or if you would like to have the email encrypted.

7. Termination of relationship

You may terminate our agreement at any time in writing with due notice.

We also maintain the right to terminate our agreement when there are sufficient grounds to do so. This includes unpaid invoices and the failure to pay in advance when required.

We reserve the right to terminate our services in case of a possible conflict of interest.

You are obligated to keep us informed of any potential conflicts of interest. We are always paying attention to matters that could negatively impact our ability to act on your behalf.

In the event that our partnership is terminated either by you or Chas. Hude, we are enti-tled to payment of any fees incurred, whether they have been invoiced or not, including dis-bursements and VAT, up to the date of termination.

8. Insurance and Limitation of Liability

Chas. Hude is subject to the Danish Damages Act, but shall not be liable for loss of profits or other indirect losses suffered by you or your clients.

Our insurance covers the usual professional liability for damages.

9. Applicable law and jurisdiction

All of our services and these terms of business are governed by Danish law.

The Danish courts have exclusive jurisdiction to settle any claim or dispute.

These terms of business supersede and replace all previous terms of business.

No material change to the above terms of business is valid unless agreed in writing by a partner.

In case of conflict between our Terms of Business and yours, our Terms of Business shall prevail.

10. Contact us

Do not hesitate to contact us if you have questions regarding any of our Terms of Business.

We look forward to working with you.

Chas. Hude A/S