LIABILITY, LIMITATION OF LIABILITY AND INSURANCE

6.1 The Law Firm Poul Schmith is liable to pay damages according to Danish law for the consequences of mistakes made by the law firm's partners and staff.

6.2 Liability for the Law Firm Poul Schmith and for the law firm's partners and staff is, however, in any respect subject to the following

LIMITATION OF LIABILITY:

- Liability does not cover indirect losses, including inter alia consequential losses and the loss of time, profit, data, goodwill and image.

- Liability does not cover fines or the like whether they befall to the public or the private sector ("punitive damages").

- Liability does not cover claims advanced in the United States or Canada.

- Liability does not cover the liability for other consultants to whom we have left parts of the assignment according to an agreement with the client, or whom the client has engaged on our referral.

- The total amount of compensation for the consequences of one given damage cannot exceed DKK 75 million. All claims shall be considered consequences of one given damage if they are caused by the same continuous or repeated actionable matter, and whether or not one or more of the persons for whom we are liable have incurred liabilities and whether or not one or more claimants can assert claims on account of the matter.

6.3 The Law Firm Poul Schmith has taken out a professional indemnity insurance and provided a guarantee in accordance with the regulations of the Danish Bar and Law Society. The indemnity insurance covers performance of all legal practice from our office in Denmark, irrespective of the actual place of performance of the legal practice.

6.4 The indemnity insurance and the guarantee of the Law Firm Poul Schmith are placed at Codan Forsikring. Contact person is business insurance agent Ejvind P. Christensen (telephone no. +45 33 55 55 55 and +45 33 55 40 78, e-mail ech@codan.dk).