Common use of TERM OF THE FRAMEWORK AGREEMENT Clause in Contracts

TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement becomes valid upon signature by both Parties and comes into force upon its publication in the Register of Contracts. This Framework Agreement is concluded for a fixed period of 4 (words: four) years starting from the date on which it comes into effect. This Framework Agreement shall terminate: upon expiration of the term, for which it was contracted; depletion of the financial limit of the Framework Agreement stipulated in article II, para 5 of the Framework Agreement; by written agreement between the Parties; by written notice to quit from one of the Parties; by withdrawal from the Framework Agreement under the conditions stipulated below in case of substantial breach of the Framework Agreement by the other Party; The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: non-compliance with the technical specifications of the supplied Goods, recurrent, at minimum second, delay on the part of the Contractor in the delivery of the Goods according to the individual contract for a period exceeding 7 (seven) business days, use of the dandy roll with exclusive watermark in breach of the article VII, para. 1 of the Framework Agreement. In other cases and in the case of any doubt, the respective violation of the Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from the Framework Agreement shall occur on the day of delivery of written notice to the other Party. Notice of withdrawal from Framework Agreement must be sent by registered post. Withdrawal from this Framework Agreement does not terminate the contractual relationship from the outset, both Parties shall retain the mutual performances obtained till withdrawal from the Framework Agreement. The Parties are entitled to terminate this Framework Agreement at any time without stating any reason. The termination notice period is 6 (words: six) months and starts running from the first day of the month after delivery of the written notice to quit to the other Party. The notice to quit must be sent by registered post. The Parties acknowledge that for the duration of the termination notice period, they are obliged to fulfil their obligations under this Framework Agreement. Demise of this Framework Agreement does not affect the provisions regarding the contractual penalties, compensation of losses, and provisions regarding such rights and duties whose nature requires that they prevail even after demise of this Framework Agreement.

TERM OF THE FRAMEWORK AGREEMENT. This The present Framework Agreement becomes valid upon signature comes into force on the day it is signed by both Parties and comes into force upon its publication taking effect once it is published in the Register of Contracts. This Framework Agreement is concluded has been entered into for a fixed definite period of 4 (words: four) years starting from the date on which it comes into effecttime, specifically until 31.12. 2026. This Framework Agreement shall terminate: upon expiration terminate with the lapse of the term, for which it was contracted; depletion agreed-upon term of the financial limit of the Framework Agreement stipulated in article II, para 5 of the Framework AgreementContract; by a written agreement between the Parties; by a written notice to quit from one of the Partiestermination by either Party; by withdrawal from the this Framework Agreement under subject to the terms and conditions stipulated given below in case the event of a substantial breach of the Framework Agreement hereof by the other either Party; . The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: non-compliance A failure to meet the technical specification of the Sheets; delay with the technical specifications production of XXXXX design origination and/or Masterhologram compared to the supplied Goods, recurrentdeadlines specified in the Annex 2; Recurring, at minimum second, delay on the part of the Contractor in the delivery of the Goods Sheets according to the individual a partial contract for a period exceeding 7 (seven) business working days, use of the dandy roll with exclusive watermark in ; breach of the article VII, para. 1 of obligation pursuant to the Article VII paragraph 6 hereof; Other cases as per this Framework Agreement. In other cases and in the case of any doubt, the respective violation of the Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from the this Framework Agreement shall occur take effect on the day of delivery of a written notice of withdrawal delivery to the other Party. Notice The notice of withdrawal from Framework Agreement must be sent by registered postmail. Withdrawal from this Framework Agreement does not terminate the contractual relationship from the outset, both outset and the Parties shall retain the mutual performances obtained till withdrawal from the Framework Agreementany performance provided for each other up to termination hereof. The Parties are entitled to terminate this Framework Agreement at any time time, even without stating any a reason. The termination notice period is 6 (words: six) months and starts running from months, commencing on the first day of the calendar month after following delivery of the written notice to quit of termination to the other Party. The notice to quit must be sent by registered postmail. The Parties acknowledge hereby agree that for their obligations pursuant hereto shall apply until the duration end of the termination notice period, they are obliged to fulfil their obligations under this Framework Agreement. Demise Termination of this Framework Agreement does shall not affect the provisions regarding the contractual penalties, compensation of lossesdamage compensation, and provisions regarding such rights and duties whose nature requires that they prevail obligations which, by their nature, shall persist even after demise of this Framework AgreementAgreement is terminated. A partial contract expires: if such termination is agreed upon by both Parties hereto; by the Client’s withdrawal due to a substantial violation of the partial contract by the Contractor, whereas such violation mainly means when the Contractor is in default in delivering the Sheets under the partial contract for more than 4 calendar weeks.

TERM OF THE FRAMEWORK AGREEMENT. This The present Framework Agreement becomes valid upon signature comes into force on the day it is signed by both Parties and comes into force upon its publication taking effect once it is published in the Register of Contracts. This Framework Agreement is concluded has been entered into for a fixed definite period of 4 (words: four) time, namely for a period of 2 years starting from the date on which it comes of its entry into effectforce. The expiration and effectiveness of this Framework Agreement does not affect orders under this Framework Agreement that have already been delivered to the Seller at the time of expiry and effectiveness of this Framework Agreement (such partial deliveries will be confirmed and performed by the Seller in accordance with this framework agreement, partial order). This Framework Agreement shall terminate: upon expiration terminate with the lapse of the agreed term, for which it was contracted; depletion fulfilment of the financial Financial limit in the sense of the Framework Agreement stipulated in article II, para Article II paragraph 5 of the this Framework Agreement; by written agreement between of the Parties; by written notice to quit from one of the Partiestermination by either Party; by withdrawal from the this Framework Agreement under subject to the conditions stipulated terms given below in case the event of a substantial breach of the Framework Agreement hereof by the other either Party; . The Parties have agreed agree that they consider the following cases in particular to constitute a substantial breach hereof: a failure to meet technical specification of the Framework Agreement shall particularly be: non-compliance Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto or do not comply with the relevant detailed drawing or the specified technical specifications specification, ie the approved dimensioned technical drawing in accordance with Article III, paragraphs 5 and 6 of the supplied Goods, recurrentthis Framework Agreement; repeated, at minimum the second, delay on the part of the Contractor Seller in the delivery of the Goods according to the individual contract partial contracts for a period exceeding 10 days; if the quantity of defective Prelaminates in deliveries is repeatedly higher than that referred to in Article IV (8) of this Framework Agreement; breach of Article VIII hereof which has not been remedied following a previous notice for correction, breach of obligation under Article XIII Paragraph 1 hereof; breach of obligation under Article XIII Paragraph 7 (seven) business days, use hereof. The partial contract shall terminate: if such termination is agreed upon by both of the dandy roll with exclusive watermark in breach Parties hereto; By withdrawal of the article VII, para. 1 of Buyer in the Framework Agreement. In other cases and case pursuant to Article VII Paragraph 10 letter (d) hereof; or in the case of any doubt, the respective violation a breach of the partial contract by the Seller in a substantial manner, whereas the Parties consider such a breach of the partial contract in a substantial manner to be in particular the case pursuant to Article XII Paragraph 4 letters (a), (c), and (d) hereof and the case where the Seller is in delay with the delivery of Goods according to specific partial contract for more than 2 calendar weeks. The written notice of withdrawal from this Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from the Framework Agreement or a specific partial contract shall occur take effect on the day of delivery of the written notice of withdrawal is delivered to the other Party. Notice The notice of withdrawal from this Framework Agreement or a specific partial contract must be sent by registered postmail. Withdrawal from this Framework Agreement or from a specific partial contract does not terminate the contractual relationship from the outsetvery beginning, both Parties shall retain the mutual performances obtained till withdrawal from provided by the Parties until the termination of this Framework AgreementAgreement or a specific partial contract shall be retained by both Parties. The Parties are entitled to terminate this Framework Agreement at any time time, without stating any reason. The termination notice period is shall be 6 (words: six) months and starts running from shall begin on the first day of the calendar month after following the delivery of the written notice to quit of termination to the other Party. The notice to quit must be sent by registered postmail. The Parties acknowledge take into consideration that for the duration of the termination notice period, they are obliged to fulfil their the obligations under arising from this Framework AgreementAgreement during the notice period. Demise Termination of this Framework Agreement does shall not affect the provisions regarding the contractual penalties, compensation of lossesdamage compensation, and provisions regarding such rights and duties whose nature requires that they prevail obligations which, by their nature, shall persist even after demise of this Framework AgreementAgreement is terminated. This Framework Agreement is also to be applied to the relations, including partial contracts, formed during this Framework Agreement even after this Framework Agreement is terminated.

TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement becomes valid upon signature The present Contract comes into force on the day it is signed by both Parties and comes into force upon its publication taking effect once it is published in the Register of Contracts. This Framework Agreement is concluded Contract has been entered into for a fixed definite period of 4 (words: four) years starting from the date on which it comes into effect. This Framework Agreement time, whereas this Contract shall terminate: upon expiration at the time of delivery of the term, for which it was contracted; depletion agreed quantity of the financial limit goods according to Article II paragraph 2 of the Framework Agreement stipulated in article II, para 5 of the Framework Agreement; this Article by written agreement between the Parties; by written notice to quit from one of the Parties; by withdrawal from this Contract subject to the Framework Agreement under the conditions stipulated terms given below in case the event of a substantial breach hereof by either Party. The Parties agree that they consider the following cases in particular to constitute a substantial breach hereof: a failure to meet technical specification of Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto or do not comply with the relevant detailed drawing or the specified technical specification according to Annex 1 of this Contract; delay of the Framework Agreement by the other Party; The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: non-compliance with the technical specifications of the supplied Goods, recurrent, at minimum second, delay on the part of the Contractor Seller in the delivery of the Goods according to the individual contract agreed Time Schedule according to Article III of paragraph 1 of this Contract (Annex No. 2) for a period exceeding 7 10 days; if the quantity of defective Prelaminates in deliveries is repeatedly higher than that referred to in Article IV (seven5) business days, use of the dandy roll with exclusive watermark in this Contract; breach of the article VIIArticle VIII hereof which has not been remedied following a previous notice for correction, para. breach of obligation under Article XIII Paragraph 1 hereof; breach of the Framework Agreement. In other cases and in the case of any doubt, the respective violation of the Framework Agreement will be considered as immaterialobligation under Article XIV Paragraph 8 hereof. The legal effects written notice of the withdrawal from the Framework Agreement this Contract shall occur take effect on the day of delivery of the written notice of withdrawal is delivered to the other Party. Notice The notice of withdrawal from Framework Agreement this Contract must be sent by registered postmail. Withdrawal from this Framework Agreement Contract does not terminate the contractual relationship from the outsetvery beginning, both Parties shall retain the mutual performances obtained till withdrawal from provided by the Framework Agreement. The Parties are entitled to terminate this Framework Agreement at any time without stating any reason. The termination notice period is 6 (words: six) months and starts running from the first day of the month after delivery of the written notice to quit to the other Party. The notice to quit must be sent by registered post. The Parties acknowledge that for the duration of until the termination notice period, they are obliged to fulfil their obligations under this Framework Agreement. Demise of this Framework Agreement does Contract shall be retained by both Parties. Termination of this Contract shall not affect the provisions regarding the contractual penalties, compensation of lossesdamage compensation, and provisions regarding such rights and duties whose nature requires that they prevail obligations which, by their nature, shall persist even after demise of this Framework AgreementContract is terminated.

TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement becomes valid upon signature by both Parties and comes into force upon its publication in the Register of Contracts. This Framework Agreement is concluded has been entered into for a fixed definite period of time, namely for a period of 4 (words: four) years starting from the date on which it comes of its entry into effectforce, or until the maximum financial limit agreed in Article II Paragraph 5 hereof has been exhausted, whichever is the earlier. This Framework Agreement shall terminate: upon expiration terminate with the lapse of the agreed term, for which it was contracted; depletion upon the exhaustion of the maximum financial limit of the Framework Agreement stipulated stated in article II, para Article II Paragraph 5 of the Framework Agreementhereof; by written agreement between of the Parties; by written notice to quit from one of the Partiestermination by either Party; by withdrawal from the this Framework Agreement under subject to the conditions stipulated terms given below in case the event of a substantial breach of the Framework Agreement hereof by the other either Party; . The Parties have agreed agree that they consider the following cases in particular to constitute a substantial breach hereof: a failure to meet technical specification of the Framework Agreement shall particularly be: non-compliance with the technical specifications of the supplied Goods, recurrentGoods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto; repeated, at minimum the second, delay on the part of the Contractor in the delivery of the Goods according to the individual contract partial contracts for a period exceeding 7 (seven) business days, ; use of the dandy Dandy roll with exclusive watermark in breach of the article VII, para. 1 Article VII paragraph 6 of the Framework Agreement. In other cases and breach of Article X hereof which has not been remedied following a previous notice for correction, breach of obligation under Article VII Paragraph 8 hereof; breach of obligation under Article VII Paragraph 15 hereof. The partial contract shall terminate: if such termination is agreed upon by both of the Parties hereto; by withdrawal of the Client in the case pursuant to Article VIII Paragraph 5 letter (d) hereof; or in the case of any doubt, the respective violation a breach of the partial contract by the Contractor in a substantial manner, whereas the Parties consider such a breach of the partial contract in a substantial manner to be in particular the case pursuant to Article XIII Paragraph 4 letters (a), (d), and (e) hereof and the case where the Contractor is in delay with the delivery of Goods according to specific partial contract for more than 2 calendar weeks. The written notice of withdrawal from this Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from the Framework Agreement or a specific partial contract shall occur take effect on the day of delivery of the written notice of withdrawal is delivered to the other Party. Notice The notice of withdrawal from this Framework Agreement or a specific partial contract must be sent by registered postmail. Withdrawal from this Framework Agreement or from a specific partial contract does not terminate the contractual relationship from the outsetvery beginning, both Parties shall retain the mutual performances obtained till withdrawal from provided by the Parties until the termination of this Framework AgreementAgreement or a specific partial contract shall be retained by both Parties. The Parties are entitled to terminate this Framework Agreement at any time time, without stating any reason. The termination notice period is shall be 6 (words: six) months and starts running from shall begin on the first day of the calendar month after following the delivery of the written notice to quit of termination to the other Party. The notice to quit must be sent by registered postmail. The Parties acknowledge take into consideration that for the duration of the termination notice period, they are obliged to fulfil their the obligations under arising from this Framework AgreementAgreement during the notice period. Demise Termination of this Framework Agreement does shall not affect the provisions regarding the contractual penalties, compensation of lossesdamage compensation, and provisions regarding such rights and duties whose nature requires that they prevail obligations which, by their nature, shall persist even after demise this Framework Agreement is terminated. This Framework Agreement is also to be applied to the relations, including partial contracts, formed during this Framework Agreement even after this Framework Agreement is terminated. Within 30 calendar days as of termination of this Framework Agreement, or within the term stipulated by agreement of the Parties, the Contractor agrees to submit the Dandy roll, more precisely the Work under this Framework Agreement, to the Client against an acceptance protocol.