TERMS AND CONDITIONS

FEES

For services rendered, the CLIENT shall pay the amounts as indicated in ANNEX A of this Agreement.

The aforesaid fees shall be subject to withholding taxes and 12% VAT as may be required under Philippine law. International billing from the Philippines is VAT free.

Fees are presented in full on an official invoice in Philippine Pesos on the 15th of the previous month (or next business day) including adjustments for the previous month for the subsequent monthly Service Period.

Fees are payable on a monthly in advance basis by the 15th calendar day of the current Service Period. Overdue payments may result in termination of the agreement in accordance with section 9 Late Payment.

Staff Lease Fees are subject to an increase equal to the advertised CPI published by the Philippines Bureau of Statistics or 5% whichever is the greater on the 1st of January each year.

LATE PAYMENT

Should a late payment be greater than 15 days overdue the SERVICE PROVIDER may terminate this Service Agreement with 7 days notice of termination and release the related Leased Staff if the CLIENT has not paid the overdue amount during that period. In such an event the Security Deposit will be surrendered to service the outstanding payment and notice period.

PAYMENT TERMS

Payment is to be received in full on the 15th of the current billing month. Billing will be presented in full in Philippine Pesos on the 15th of the previous month (or next business day) including adjustments for the previous month. Note all AUD quoted for evaluation purposes only.

In the event that the invoice remains unpaid by the 15th of the current billing month (or next business day), an Overdue Payment remainder notice will be sent.

In the event that the invoice remains unpaid by the 23rd of the current billing month (or next business day), a 7 day notice of termination reminder notice will be sent. If payment is not received by the last day of the billing month our Automated Deactivation System, will commence suspension of your account and until payment is received.