Common use of OPERATING COMPENSATION Clause in Contracts

OPERATING COMPENSATION. 7.1 Operating compensation and general principles of its payment 7.1.1 The Operating Compensation has been agreed upon in Appendix 4. The Operating Compensation shall only be paid for the actual operating of air services and for those costs incurred at the airports of Savonlinna and Helsinki that specifically apply to operations on this particular route. The Operating Compensation shall cover any and all obligations imposed on the Air Operator under this Agreement, and the compensation may only be adjusted in the cases described below in this Agreement. 7.1.2 The Operating Compensation shall include taxes and official fees, such as landing fees, route air navigation service charges, terminal navigation charges, etc., excluding the VAT which will be added to the prices and the amount of which will be determined by the legislation in force at each time. At the time of signing this Agreement, the VAT for passenger transport is ten (10%) per cent. If the amount or assessment basis of official fees imposed by authorities changes as a result of amendments to legislation or changes in taxation, the prices of this Agreement will be changed accordingly. However, as defined in the terms of tendering, an increase in VAT rate will not be compensated by the buyer. 7.2 Changes in fuel prices 7.2.1 The Operating Compensation includes fuel costs. Appendix 4 specifies which percentage of the operating costs consists of the fuel costs. If the fuel price rises or falls by more than ten (10%) per cent during a reporting month compared to the costs laid down in Appendix 4, the Operating Compensation shall be adjusted in proportion to the share of fuel costs in the Operating Compensation.

OPERATING COMPENSATION. 7.1 Operating compensation and general principles of its payment 7.1.1 The Operating Compensation has been agreed upon in Appendix 4. The Operating Compensation shall only be paid for the actual operating of air services and for those costs incurred at the airports of Savonlinna Pori and Helsinki that specifically apply to operations on this particular route. The Operating Compensation shall cover any and all obligations imposed on the Air Operator under this Agreement, and the compensation may only be adjusted in the cases described below in this Agreement. 7.1.2 The Operating Compensation shall include taxes and official fees, such as landing fees, route air navigation service charges, terminal navigation charges, etc., excluding the VAT which will be added to the prices and the amount of which will be determined by the legislation in force at each time. At the time of signing this Agreement, the VAT for passenger transport is ten (10%) per cent. If the amount or assessment basis of official fees imposed by authorities changes as a result of amendments to legislation or changes in taxation, the prices of this Agreement will be changed accordingly. However, as defined in the terms of tendering, an increase in VAT rate will not be compensated by the buyer. 7.2 Changes in fuel prices 7.2.1 The Operating Compensation includes fuel costs. Appendix 4 5 specifies which percentage of the operating costs consists of the fuel costs. If the fuel price rises or falls by more than ten (10%) per cent during a reporting month compared to the costs laid down in Appendix 45, the Operating Compensation shall be adjusted in proportion to the share of fuel costs in the Operating Compensation. 7.2.2 If the fuel price rises by more than twenty percent (20%) during the reporting period of the costs listed in Appendix 4, the Buyer has the right to renegotiate the flights for the remainder of the period and to proportion the number of flights to the available funds.

OPERATING COMPENSATION. 7.1 Operating compensation and general principles of its payment 7.1.1 The Operating Compensation has been agreed upon in Appendix 45. The Operating Compensation shall only be paid for the actual operating of air services Air Services and for those costs incurred at the airports of Savonlinna and Helsinki that specifically apply to operations on this particular route. The Operating Compensation shall cover any and all obligations imposed on the Air Operator under this Agreement, and the compensation may only be adjusted in the cases described below in this Agreement. 7.1.2 The Operating Compensation shall include taxes and official fees, such as landing fees, route air navigation service charges, terminal navigation charges, etc., excluding the VAT which will be added to the prices and the amount of which will be determined by the legislation in force at each timetime (according to Finnish legislation). At the time of signing this Agreement, the VAT for passenger transport is ten (10%) per cent. If the amount or assessment basis of official fees imposed by authorities changes as a result of amendments to legislation or changes in taxation, the prices of this Agreement will be changed accordingly. However, as defined in the terms of tendering, an increase in VAT rate will not be compensated by the buyer. 7.2 Changes in fuel prices 7.2.1 The Operating Compensation includes fuel costs. Appendix 4 specifies which percentage of the operating costs consists of the fuel costs. If the fuel price rises or falls by more than ten (1010 %) per cent during a reporting month compared to the costs laid down in Appendix 4, the Operating Compensation shall be adjusted in proportion to the share of fuel costs in the Operating Compensation. 7.2.2 If the fuel price rises by more than fifteen per cent (15 %) during the reporting period of the costs listed in Appendix 5, the Buyer has the right to renegotiate the flights for the remainder of the period and to proportion the number of flights to the available funds.

OPERATING COMPENSATION. 7.1 Operating compensation and general principles of its payment 7.1.1 The Operating Compensation has been agreed upon in Appendix 4. The Operating Compensation shall only be paid for the actual operating of air services and for those costs incurred at the airports of Savonlinna XXX and Helsinki that specifically apply to operations on this particular route. The Operating Compensation shall cover any and all obligations imposed on the Air Operator under this Agreement, and the compensation may only be adjusted in the cases described below in this Agreement. 7.1.2 The Operating Compensation shall include taxes and official fees, such as landing fees, route air navigation service charges, terminal navigation charges, etc., excluding the VAT which will be added to the prices and the amount of which will be determined by the legislation in force at each time. At the time of signing this Agreement, the VAT for passenger transport is ten (10%) per cent. If the amount or assessment basis of official fees imposed by authorities changes as a result of amendments to legislation or changes in taxation, the prices of this Agreement will be changed accordingly. However, as defined in the terms of tendering, an increase in VAT rate will not be compensated by the buyer. 7.2 Changes in fuel prices 7.2.1 The Operating Compensation includes fuel costs. Appendix 4 specifies which percentage of the operating costs consists of the fuel costs. If the fuel price rises or falls by more than ten (10%) per cent during a reporting month compared to the costs laid down in Appendix 4, the Operating Compensation shall be adjusted in proportion to the share of fuel costs in the Operating Compensation. 7.2.2 If the fuel price rises by more than twenty percent (20%) during the reporting period of the costs listed in Appendix 4, the Buyer has the right to renegotiate the flights for the remainder of the period and to proportion the number of flights to the available funds.

OPERATING COMPENSATION. 7.1 Operating compensation and general principles of its payment 7.1.1 The Operating Compensation has been agreed upon in Appendix 4. The Operating Compensation shall only be paid for the actual operating of air services and for those costs incurred at the airports of Savonlinna XXX and Helsinki that specifically apply to operations on this particular route. The Operating Compensation shall cover any and all obligations imposed on the Air Operator under this Agreement, and the compensation may only be adjusted in the cases described below in this Agreement. 7.1.2 The Operating Compensation shall include taxes and official fees, such as landing fees, route air navigation service charges, terminal navigation charges, etc., excluding the VAT which will be added to the prices and the amount of which will be determined by the legislation in force at each time. At the time of signing this Agreement, the VAT for passenger transport is ten (10%) per cent. If the amount or assessment basis of official fees imposed by authorities changes as a result of amendments to legislation or changes in taxation, the prices of this Agreement will be changed accordingly. However, as defined in From the terms beginning of tendering, an increase in the year 2025 the VAT rate will not for passenger transport is planned to be compensated by the buyerfourteen (14%) per cent. 7.2 Changes in fuel prices 7.2.1 The Operating Compensation includes fuel costs. Appendix 4 specifies which percentage of the operating costs consists of the fuel costs. If the fuel price rises or falls by more than ten (10%) per cent during a reporting month compared to the costs laid down in Appendix 4, the Operating Compensation shall be adjusted in proportion to the share of fuel costs in the Operating Compensation. 7.2.2 If the fuel price rises by more than twenty percent (20%) during the reporting period of the costs listed in Appendix 4, the Buyer has the right to renegotiate the flights for the remainder of the period and to proportion the number of flights to the available funds.