Report according art. 82 Law 24/2017

Contract:

C21/15.01.2018;

Parties:

CNTEE TRANSELECTRICA SA – as purchaser;

TELETRANS SA – as provider;

Contractual object:

Maintenance of the Local Metering System in the Electric Substations of CNTEE Transelectrica SA;

Contractual value:

4,559,798 Lei, VAT free;

Guarantees:

The performance bond of the Contract will be constituted according to legal provisions in one of the forms stipulated in article 46 of GD 394/2016, in amount of 455,980 Lei representing 10% of the total value, VAT free, of the Contract;

Penalties:

For the guilty failure of non-achievement of contractual activities upon agreed terms the Provider will pay to the Purchaser damages in quantum equal to the interest rate owed for failure to pay in due term the liabilities to the state budget, applied to the contractual value for each day of delay, beginning with the following day after the due date of such liability. Damages will be paid according to an invoice issued by the Purchaser, which the Provider will pay within maximum 30 days from its receipt;

For the failure to pay invoices upon the terms agreed under Contract the Purchaser owes to the Provider penalty interest to the respective sum, corresponding as percentage to the interest rate owed for failure to pay in due term the liabilities to the state budget, for each day of delay beginning with the following one after the due date until actual payment (inclusive). The penalty  interest will be paid based on individual invoice issued by the Provider, which the Purchaser will pay within maximum 30 days from its receipt;

Mutual liabilities:

None;

Terms of payment:

The Purchaser commits to pay the price of provided work according to the invoice issued by the Provider, which shall specify the provided services, the quantity, the unit price and the total amount, within 30 days from the invoice registration date at the Purchaser’s, subject to Provider’s compliance with contractual terms.