1. Definition
1.1 “Affiliate” means a company or corporation, directly or indirectly, though one or more intermediaries, controlling, controlled by or under common control of the Parties. The term “control” means the right to exercise, directly or indirectly, more than 50% of the voting rights attributable to the shares of the controlled company or corporation under ordinary circumstances in a general or shareholders meeting.
1.2 “Agreement” means this Agreement and the Exhibit, and as supplemented from time to time.
1.3 “Month” and “Year” mean a calendar month and a calendar year, respectively.
1.4 “Party or Parties” mean NSC and/or GPSC as the context requires.
1.5 “Personnel” in the singular, mean an individual in the employment of GPSC or an affiliate thereof who has been designated to perform services and in the plural, mean all such individuals.
1.6 “Review Date” mean 1 January of each year.
1.7 “RFS” mean the request for service to be made in the form provided in Exhibit C.
1.8 “Services” mean the services rendered by GPSC under this Agreement in particular accounting& finance and corporate secretary & legal services and as described in more details in Exhibit A – Scope of services –attached hereto, and/or any additional services as may be requested by NSC from time to time in the form provided in Exhibit C.
1.9 “Third Party” means any person other than the parties or their Affiliate.