Common use of CONSIDERATION Clause in Contracts

CONSIDERATION. 4.1 The Company shall pay to IZSVe for all Services rendered pursuant to this Agreement a lump sum of Euro 2.700 (two thousand seven hundred euros)(taxes and pension fund included but VAT excluded) for a total of 100 (one hundred) samples, 27 (twenty-seven) euros each against presentation of regular invoice, according to the following terms: - a first installment equal to 50% of the Consideration € 1.350 (i.e. Euro one thousand three hundred and fifty taxes and pension fund included but VAT excluded) at the execution of this Agreement; - a final balance equal to 50% of the Consideration € 1.350 (i.e. Euro one thousand three hundred and fifty taxes and pension fund included but VAT excluded) upon the final report delivery. The payment shall be made by bank transfer using the following bank details: Beneficiary bank – Intesa San Paolo The Company undertakes to make all payments due under this Agreement within 45 days after the receipt of the invoice by IZSVe. All payments by the Company shall constitute admission by the Company as to the performance by IZSVe of its obligations under this Agreement. In case the delay of payment exceeds one hundred and eighty (180) days, the IZSVe may terminate this Agreement pursuant to art.12 of this Agreement, without prejudice to its right to claim for further damages, if any. 4.2 In case laboratory/instrumental test and/or additional services/activities not included in the foreseen and agreed compensation fee are deemed necessary to perform the activities during the course of the service, the Parties may integrate this agreement with an amendment that sets an increase of the agreed fee. 4.3 IZSVe shall send each invoice by email in pdf format to: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇, copy to ▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇). All invoices shall indicate the following information: - VAT number (EEC supplier), - bank details (IBAN), - currency for invoice, - invoice foot including: excluding tax amount, VAT amount, all taxes included amount, - when VAT exonerated, please indicate the relevant law reference.

CONSIDERATION. 4.1 The Company shall pay to IZSVe for all Services rendered pursuant to this Agreement a lump sum of Euro 2.700 6,423.61 (two thousand seven hundred euros)(taxes and taxes, pension fund included but and VAT excludedincluded) for a total of 100 (one hundred) samples, 27 (twenty-seven) euros each against presentation of regular invoice, according to the following terms: - a first installment equal to 50% of the Consideration € 1.350 (i.e. i.e., Euro one thousand three hundred and fifty taxes and 3211.8; taxes, pension fund included but and VAT excludedincluded) at the execution date after the approval of this Agreementthe preliminary report as detailed in the Annex A; - a final balance equal to 50% of the Consideration € 1.350 (i.e. i.e., Euro one thousand three hundred and fifty taxes and 3211.8; taxes, pension fund included but and VAT excludedincluded) upon the final report deliverytermination of this Agreement (art. 6); Invoices may be sent by regular mail or e-mail. The payment shall be made by bank transfer (after IZSVe will send the company the invoice) using the following bank details: Beneficiary bank – Intesa San Paolo Bank account – IBAN ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ BIC or SWIFT code – ▇▇▇▇▇▇▇▇. The Company undertakes to make all payments due under this Agreement within 45 30 days after the receipt of the invoice by IZSVe. All payments by the Company shall constitute admission by the Company as to the performance by IZSVe of its obligations under this Agreement. In case the payment delay of payment exceeds one hundred and eighty (180) days, the IZSVe may terminate this Agreement pursuant to art.12 art.7 of this Agreement, without prejudice to its right to claim for further damages, if any. 4.2 In case laboratory/instrumental test and/or additional services/activities . The present Agreement does not included involve travel and accommodation costs at the expense of IZSVe for the performance of the Services; but if there are any, IZSVe shall be reimbursed by the Company upon presentation of the corresponding documentation. The Parties agree that this Agreement is subject to VAT according to Italian law (D.P.R. n. 633/1972 and its amendments) that is conform to EU single market rules. The registration fee is due just in the foreseen event of judicial or administrative use, as set forth in Italian law (D.P.R. n. 131/1986) and agreed compensation fee are deemed necessary costs and expenses will be borne by the requesting Party. The Parties will contribute in equal measure to perform the activities during the course of the serviceother tax duties related to this agreement, the Parties may integrate this agreement with an amendment that sets an increase of the agreed feestamp duty included. 4.3 IZSVe shall send each invoice by email in pdf format to: ▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇, copy to ▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇). All invoices shall indicate the following information: - VAT number (EEC supplier), - bank details (IBAN), - currency for invoice, - invoice foot including: excluding tax amount, VAT amount, all taxes included amount, - when VAT exonerated, please indicate the relevant law reference.