These Standard Terms of Engagement (“Terms”) apply in respect of all work carrIed out by Lance-Kamaka Capital Ltd and/or Kamaka Ltd (”Lance”), for the party represented by the signatory to this agreement (“Party 2”), except to the extent that Lance otherwise agrees with in writing.
1.1 The assessment and development of commercial projects and opportunities by Lance (or assignee) on behalf of Party 2.
1.2 The assessment by Lance (or assignee), of Party 2, its representatives, partners, assignees and stakeholders and their suitability to
participate in commercial projects and opportunities.
1.3 Any other services requested of Lance by Party 2.
2.1 Party 2 agrees to reimburse Lance, in full, for the following expenses:
2.2 Lance may require an advance payment of expenses from Party 2, or for Party 2 to make and pay in advance for suitable arrangements on
behalf of Lance.
2.3 If Lance incurs expenses for an activity that provides services for multiple Parties that have engaged Lance, Party 2 will still be required to
reimburse Lance for the full expense.
4.1 Invoices for expenses will be sent by e-mail monthly.
4.2 Invoices are payable within 14 days of the date of the invoice.
4.3 Lance may require interest to be paid, at the rate of 3% per month, on any overdue amount.
5.1 Lance is entitled to change the Terms of this agreement from time to time, in which case Party 2 will be advised of the amended Terms.
5.2 Lance and Party 2 can end this engagement in writing at any time, for any reason, and without notice.
5.3 If the engagement is ended by Lance or Party 2, all outstanding expenses and fees become due.