FRANCHISE

General Terms and Conditions of Beautytech.

Article 1

Applicability

1. These general terms and conditions apply to all agreements entered into by Beautytech. A reference to other general terms and conditions, without written recognition of such terms and conditions, will not be accepted and these general terms and conditions will prevail.

2. Clauses and agreements that deviate from these general terms and conditions are legally valid only if Beautytech has confirmed these clauses and agreements in writing.

Article 2

Parties

a. Beautytech.: Intermediary between Franchisor and candidate, referred to hereafter as Beautytech.;

b. Franchisor: The organisation, and its affiliated companies, to whom a candidate is being introduced by Beautytech., referred to hereafter as the Franchisor;

c. Candidate: (Potential) franchisee introduced by Beautytech. to the Franchisor, referred to hereafter as the Candidate.

Article 3

Definitions

a. Beautytech.gr: An Internet community operated by Beautytech., targeting the Greek market;

c. E-Zine: A periodic e-mail newsletter published by Beautytech.

Article 4

Provision of information and Care

1. The Franchisor must timely provide Beautytech. with all (further) information that could reasonably be of importance to the intermediation.

2. The Franchisor must handle the Candidate, proposed by Beautytech., and the information provided together with this proposal in a proper and careful manner. This also means that the Franchisor must report to Beautytech. on the introductory discussion within five business days following the discussion.

3. Both parties must treat all confidential information that they become privy to within the scope of their agreement, either from each other or another source, as confidential.

4. Beautytech. is not responsible or liable for the content of the promotional material provided by the customer.

5. Publication of presentations and formula information must be done as soon as possible following the written commission and the delivery of information and promotional material, or at a point in time to be agreed upon later.

Article 5

Liability

1. Beautytech. disclaims any liability for damage or losses incurred by the Franchisor or third parties due to negligent or erroneous actions of a Candidate during the selection procedure or after the conclusion of a franchise agreement with the concerned Candidate.

2. The Franchisor will hold Beautytech. harmless against claims from third parties that are or could be directly or indirectly related to the intermediation by Beautytech.

Article 6

Invoices

1. An invoice is sent to the Franchisor on the effective date of the agreement. The invoices of Beautytech. must be paid within 14 days of the date of the invoice.

If the Franchisor remains in default of payment, despite a demand for payment with notice of indebtness for outof-court collection costs, Beautytech. has the right to augment the outstanding amount of the invoice with a 1.5% interest per month, counting from the due date of the outstanding invoice or a part thereof.

Article 7

In conclusion

1. Beautytech. will make every effort, subject naturally to all of the above, to serve Franchisors and candidates to the best of its ability.

2. Except for matters that fall within the competence of the subdistrict court, the civil court is competent to take cognisance of disputes, which have arisen pursuant to the agreements, commissions, and calculated intermediation fee between Beautytech., the Franchisor, and/or the Candidate.

3. Greek law governs all agreements concluded, offers or actions of Beautytech. subject to these terms and conditions, irrespective of whether the Franchisor and/or the Candidate are established or reside abroad.

4. Beautytech. reserves the right to change these general terms and conditions. Changes will only become applicable once Franchising Etc. has informed the Franchisor accordingly.