Price Formation Procedure and Payment Terms Conditions
These Price Formation Procedure and Payment Terms Conditions (the ‘Price Terms’) form an electronic agreement between Loadstone Ltda. (‘Contractor’) and Customer, the Parties, signed the Agreement on providing online marketing services (hereafter be referred to as: ‘Agreement’ and ‘Services’, correspondingly).
1. Cost of Services and Payment Procedure
1.1. The cost of the Services in the Reporting Period is determined by the Parties based on the scope of the Services provided by the Contractor upon request of the Customer, the size of the User Base and shall be calculated as detailed in this section for each module of the Services, taking into account the terms of the payment procedure. VAT excluded (shall be applied if applicable).
1.2. The cost of the Services provided within the Module CDP in a single Reporting Period shall be calculated in accordance with the table below.
1.3. The cost of the Services provided within other modules in a single Reporting Period shall be calculated as a percentage of the cost of the Module CDP according to the values given below.
1.4. The cost of additional Services of the Contractor shall be calculated as follows:
1.4.1. Payment for additional Services specified in cl.1.4 of the Price Terms, provided by the Contractor upon request of the Customer (as well as for Services provided within the Module CDP from the date of the User Base amount (specified in cl.1.2 herein) increase due to the User Base organic growth), shall be made at the end of the Reporting Period in which the Services were provided, within five (5) business days from the date of the invoice.
1.4.2. Payment for the services of sending and delivering SMS messages to subscribers by a SaaS provider or telecom operator shall not be included in the price of the Module “SMS” and shall be paid by the Customer separately on the basis of relevant agreements with a respective SaaS provider or telecom operator.
1.5. The collection, storage and calculation of information about the loads of the Website and the Mobile Application shall be carried out by the Contractor.
2. Price Index
2.1. The Contractor shall reserve the right to annually, starting from the second year of the Agreement, increase the cost of the Services, but no more than 3%, with the prior notification sent to the Customer ten (10) days before an increase.
3. Price Terms Validity Period
3.1. The termination of the Agreement on any grounds will cause the automatic termination of these Price Terms.