BNS NON-MEDIA AGREEMENT

Baltic News Service Ltd. (hereinafter BNS), located at Toompuiestee 35, 15043 Tallinn, Estonia, and the Subscriber, as specified above, agree in the following:

1.

Scope of the Agreement.

BNS will provide the Subscriber access to and permit the Subscriber to use in its work the Information Services that are specified in Appendix 1 to this Agreement.

The Subscriber will pay to BNS for the services in accordance with the Charges specified in Appendix 1 to this agreement.

The Information Services may be produced by BNS, its subsidiaries or partners.

2.

Duration of the Agreement

The Agreement will take effect from the Date of Commencement and will continue until the Date of Renewal, which is set out in Appendix 1 to this Agreement.

If neither party has, by written notice 30 days prior to the Date of Renewal, expressed the wish to terminate or revise the Agreement, the Agreement will automatically extend over the next 12 months, in accordance with the conditions of renewal of the Agreement as set out in Article 5

3.

Termination of the Agreement

3.1.

The Subscriber may terminate the Agreement if BNS is in breach of its obligations in respect of production or delivery of the Information Services and fails to remedy such breach within 30 days of the Subscriber's written notice of the breach, except in cases mentioned in Art.10.4.

3.2.

BNS may terminate the agreement if the Subscriber has defaulted by more than 30 days on payments set out in the Agreement.

3.3.

Either party may terminate the agreement if the other is declared, or declares itself, insolvent, or bankruptcy proceedings are initiated in respect of it, or an order is made for its winding up or liquidation.

3.4.

BNS may cancel the Information Services it supplies to the Subscriber, or a part of such Information Services, by written notice, if the provision of all or part of the Information Services:

(a).

depends on an agreement between BNS and a third party and that agreement is modified or terminated for any reason or breached by the third party and as a result BNS is unable to continue to provide all or part of the Information Services upon terms reasonably acceptable to it; or

(b).

becomes illegal or contrary to any rule, regulation, guideline or request of any exchange or regulatory authority.

3.5.

If clause 3.1., 3.3 or 3.4 applies, the only obligation of BNS will be to refund the Charges which have been paid by the Subscriber in advance for the part of the service it did not receive

3.6.

If clause 3.3 or 3.4 applies, the Subscriber will have to pay the Charges for the Information Services that it received but which it has not paid for.

3.7.

Upon expiration or termination of the Agreement in whole or in part, the Subscriber must delete from its computers and other information carriers any content contained in the terminated Information Services, unless such content constitutes a part of the Subscriber's own documents and materials and makes up no more than five percent of the total volume of the Information Services provided to the Subscriber during the duration of the Agreement.

If requested by BNS, the Subscriber must certify the deletion in writing.

4.

Cancellation of the Agreement

BNS may cancel the Agreement without notice if the Subscriber is in breach of its obligations set out in Article 7 of this Agreement.

If the Subscriber fails to remedy such breach within 30 days of BNS' notice of cancellation of the agreement, BNS has the right to terminate the Agreement.

The Charges paid by the Subscriber in advance in such case will be deemed as damages and won't be refunded to the Subscriber.

5.

Renewal of the Agreement

If neither party has, until 30 days prior to the Date of Renewal, notified the other of its wish to terminate or revise the Agreement, the Agreement will extend, in respect of the same Information Services, over the next 12 months.

In such case the Subscriber must pay for the Information Services a Charge that equals the Charge specified in Appendix 1 to this Agreement, multiplied by the official consumer price index in Estonia for the past 12 months.

Any change in subscription fees for the next running subscription period will be negotiated and agreed between both parties prior to the new invoicing.

6.

Delivery

BNS must make the Information Services accessible to the Subscriber in such a way and on such conditions as set out in Appendix 1 to the Agreement (Terms of Delivery).

7.

Using of the Information Services

7.1.

The Subscriber is entitled to use the Information Services only in its main line of business, whereby the Information Services must be accessed exclusively either on the Subscriber's premises or by its employees.

7.2.

Unless otherwise agreed by BNS in writing, permitting of access to third parties to the Information Services in whole or in part, including disseminating of the Information Services in the media or by electronic means, transfer of the Information Services in whole or in part to the Subscriber's clients, subsidiaries or partners, is a breach of this Agreement and will result in immediate cancellation of the Agreement as set out in Article 4.

7.3.

When disseminating the Information Services under permission from BNS, the Subscriber must supply them with a visible and repeated reference to the source of the Information Services.

When transferring the Information Services to third parties under permission from BNS, the Subscriber must require full compliance by the third party with the conditions and restrictions of the Agreement at an equal level with the Subscriber.

The responsibility for the fulfillment of these conditions by third parties lies with the Subscriber.

7.4.

The Subscriber will do everything within their reasonable powers to see to it that the Information Services cannot be accessed by third parties.

The Subscriber must notify BNS immediately of any information it has received about third parties having gained access to the Information Services which is not provided by the Agreement.

The Subscriber will fully cooperate with BNS to halt and prevent such practice.

8.

Liability

Neither BNS nor any of its subsidiaries, nor any of its partners will be liable for any loss or damage, direct or indirect, in connection with the subscription for, delivery, reading or using of the Information Services, or failure to provide the Information Services.

The liability of BNS will be limited to the size of the Charges.

BNS and its partners will do everything within their reasonable powers to provide a high-quality, factually correct, fast and balanced Information Services.

BNS will immediately make a correction or clarification in the Information Services if these are a product of BNS or its parent company and a verified and reasonable claim is presented to it relating to their contents and quality.

9.

Payment

9.1.

The Subscriber will pay for the Information Services in accordance with the Charges as set out in Appendix 1 to this Agreement.

The Charges contain a License Fee, which gives the Subscriber the right to use the Information Services in accordance with Article 7, and Delivery Charges, which include the charges related to delivering of the Information Services to the Subscriber (such as a password fee, communications charges, etc.)

9.2.

The Charges are payable on the terms and conditions set out in Appendix 1 to the Agreement.

Unless otherwise specified in Appendix 1, BNS will invoice the Subscriber for the Charges

10.

General

10.1.

This agreement is signed in two copies, both of which are of equal legal force.

10.2.

Appendix 1 to the Agreement constitutes an inseparable part of the Agreement

10.3.

All notices under the Agreement will be sent in writing at the address set out in the header of the Agreement.

10.4.

BNS will not be held liable for any loss or failure to perform an obligation due to fatal equipment failure, strikes, natural disasters and other circumstances deemed as force majeure.

Should such circumstances continue for more than one week, the Agreement may be canceled and the payments for which the Information Services have not been provided will be returned to the Subscriber.

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