Common use of GOVERNING LAW, SETTLEMENT OF DISPUTES Clause in Contracts

GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to the contract, to any arising disputes and to the settlement thereof. Parties shall agree to settle the disputes relating to the Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the Natural Gas Storage Contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian. IX ENTRY INTO FORCE This contract shall enter into force upon signature. X MISCELLANEOUS PROVISIONS Contact Persons In issues related to the Contract: On behalf of MFGT: Phone: Fax: email: On behalf of the System User: Phone: Fax: email: In issues of daily operative contact: On behalf of the System User: Phone: Fax: email: On behalf of MFGT: Storage Dispatching Service Phone: 0000 00 000-000 Fax: 0000 00 000-000 email: xxxxxxxxxx@xxxx.xx This Contract shall be valid together with the attached annexes, which shall form an inseparable part thereof. Budapest, Hungarian Gas Storage Ltd. System User ..................................................................... ……………………………..……………………………………. Annexes: Annex No. 1: Description, fees and terms of using FLEX Plus Optional Service, Storage Plus Optional Service and Daily Peak Plus Optional Service and Intraday Nomination Plus Optional Service Annex No. 2: Successful bid submitted by the System User during the Auction Annex No. 3: Capacity fees payable by the System Users Annex No. 4: Declaration Annex No. 1

GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to both the contract, to contract and any arising disputes and to the settlement thereofdisputes. Parties shall agree to settle the disputes relating between each other in relation to the Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any disputes dispute arising from or relating to the Natural Gas Storage Contract or this contract, with particular regard to its breach, termination, validity or interpretation, both parties hereby exclude the state court procedure and agree to subject themselves to the exclusive and final jurisdiction of the Permanent Court of Arbitration (Commercial Arbitration Court in Budapest) operating at the Energy (Budapest)Hungarian Chamber of Commerce and Industry, provided that the Court of Arbitration proceeds according to its own Rules of ProcedureProcedure (supplemented with the provisions of the Sub-Rules of Expedited Proceedings). The number of arbitrators shall be threethree and the language of procedure shall be Hungarian. Parties exclude the possibility of the retrial of the proceedings as regulated by Chapter IX of Act No. LX of 2017 on Arbitration. In order to settle the legal dispute, the Hungarian substantive law shall apply, excluding its private international law rules. The language of procedure shall be Hungarian. IX ENTRY INTO FORCE This contract shall enter into force be concluded and effective upon signature. X MISCELLANEOUS PROVISIONS Contact Persons In issues related to the Contract: On behalf of MFGT: Phone: Fax: email: On behalf of the System User: Phone: Fax: email: In issues of daily operative contact: On behalf of the System User: Phone: Fax: email: On behalf of MFGT: Storage Dispatching Service Phone: 0000 00 000-000 Fax: 0000 00 000-000 email: xxxxxxxxxx@xxxx.xx This Contract shall be valid together with the attached annexes, which shall form an inseparable part thereof. Budapest, Hungarian Gas Storage Ltd. System User ..................................................................... ……………………………..……………………………………. Annexes: Annex No. 1: Description, fees and terms of using FLEX Plus Optional Service, Storage Plus Optional Service and Daily Peak Plus Optional Service and Intraday Nomination Plus Optional Service Annex No. 2: Successful bid submitted by the System User during the Auction Annex No. 32: Capacity fees payable by the System Users Annex No. 43: Declaration Annex No. 12

GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to both the contract, to Contract and any arising disputes and to the settlement thereofdisputes. The Parties shall agree to settle the disputes relating to the Natural Gas Storage this Contract primarily via amicable negotiation. Failing such settlement in any disputes dispute arising from or relating to the Natural Gas Storage Contract or this Contract, with regard to its breach, termination, validity or interpretation, both parties Parties hereby agree to subject themselves to the exclusive and final jurisdiction of the Permanent Court of Arbitration (Commercial Arbitration Court in Budapest) operating at the Energy (Budapest)Hungarian Chamber of Commerce and Industry, provided that the Court of Arbitration proceeds according to its own Rules of ProcedureProcedure (supplemented with the provisions of the Sub-Rules of Expedited Proceedings). The number of arbitrators shall be threethree and the language of procedure shall be Hungarian. Parties exclude the possibility of the retrial of the proceedings as regulated by Chapter IX of Act No. LX of 2017 on Arbitration. In order to settle the legal dispute, the Hungarian substantive law shall apply, excluding its private international law rules. The language of procedure shall be Hungarian. IX ENTRY INTO FORCE Entry into Force This contract shall enter into force upon signatureon condition that the Service Fee is credited to MFGT’s bank account. X MISCELLANEOUS PROVISIONS Miscellaneous Provisions Contact Persons In issues related to the Contract: On behalf of MFGT: Xxxxxxxxx Xxxx Phone: +00 00 000 0000 Fax: email+00 0 000 0000 e-mail: xxxxx@xxxx.xx On behalf of the System User: Phone: Fax: email- e-mail: In issues of daily operative contact: On behalf of the System User: Phone: Fax: email- e-mail: On behalf of MFGT: Storage Dispatching Service Phone: 0000 00 000+36 52/362-000 574 Fax: 0000 00 000+36 52/558-000 email048 e-mail: xxxxxxxxxx@xxxx.xx This Contract shall be valid together with the attached annexesschedule, which shall form an inseparable part thereof. In witness whereof, the parties have duly executed this Contract in full accordance with their will. Budapest, …………….. 20... Hungarian Gas Storage Ltd. System User ..................................................................... ……………………………..……………………………………. Annexes: Annex No. 1: Description, fees and terms of using FLEX Plus Optional Service, Storage Plus Optional Service and Daily Peak Plus Optional Service and Intraday Nomination Plus Optional Service Annex No. 2: Successful bid submitted by the System User during the Auction Annex No. 3: Capacity fees payable by the System Users Annex No. 4: Declaration Annex No. 1...................................................................... ...................................................................... Xxxx Xxxxxxx Xxxxxxxxx Xxxx Name Name