Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Papertradex (US) Inc. - Exhibit 10.14

EXHIBIT 10.14

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 (THE "ACT"), AND ARE PROPOSED TO BE ISSUED IN
RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT
PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. UPON ANY SALE, SUCH
SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN
EFFECTIVE REGISTRATION UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM
REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY
NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT. 

REGULATION S SUBSCRIPTION AGREEMENT

THIS AGREEMENT is made effective as of the ______ day of
______________, 2005.

BETWEEN:

THE SUBSCRIBER LISTED ON THE
EXECUTION PAGE TO THIS AGREEMENT

(hereinafter called the
"Subscriber")

OF THE FIRST PART

AND:

Censox Technologies
Inc.,
a Nevada corporation

(hereinafter called the “Company")

OF THE SECOND PART

THE PARTIES HEREBY AGREE AS FOLLOWS:

	1. 	DEFINITIONS 

1.1      The following terms will have
the following meanings for all purposes of this Agreement.

	 	(a) 	
      "Agreement" shall mean this Agreement, and all schedules
      and amendments to in the Agreement.

	 	 	 
	 	(b) 	
      “Common Stock” means the Common Stock of the Company, par
      value $0.001 per share.

	 	 	 
	 	(c) 	
      "Disclosure Statement" shall mean the disclosure
      statement prepared by the Company in connection with the Offering, a copy
      of which has been given to the Subscriber prior to the execution of this
      Agreement.

	 	 	 
	 	(d) 	
      "Exchange Act" shall mean the United States Securities
      Exchange Act of 1934, as amended.

2

	 	(e) 	
      “Subscriber” shall mean the Subscriber executing the
      signature page to this Agreement.

	 	 	 
	 	(f) 	
      "Offering" shall mean the offering of the Shares by the
      Company.

	 	 	 
	 	(g) 	
      “Purchase Price” means the purchase price payable by the
      Subscriber to the Company in consideration for the purchase and sale of
      the Shares in accordance with Section 2.1 of this Agreement.

	 	 	 
	 	(h) 	
      "SEC" shall mean the United States Securities and
      Exchange Commission.

	 	 	 
	 	(i) 	
      "Securities Act" shall mean the United States Securities
      Act of 1933, as amended.

	 	 	 
	 	(j) 	
      "Shares" means those Common Stock to be purchased by the
      Subscriber;

1.2      All dollar amounts referred
to in this agreement are in United States funds, unless expressly stated
otherwise.

	2. 	PURCHASE AND SALE OF SHARES
  

2.1      Subject to the terms and
conditions of this Agreement, the Subscriber hereby subscribes for and agrees to
purchase from the Company such number of Shares as is set forth upon the
signature page hereof at a price equal to $0.05 US per Share. Upon execution,
the subscription by the Subscriber will be irrevocable.

2.2      The Purchase Price is payable
by the Subscriber contemporaneously with the execution and delivery of this
Subscription Agreement and will be advanced to the Company or its solicitors.
The Subscriber acknowledges that if the funds are advanced to the Company’s
solicitors, the solicitors shall release such funds to the Company on
confirmation by the Company that it will accept the subscription.

2.3      Upon execution by the
Company, the Company agrees to sell such Shares to the Subscriber for the
Purchase Price subject to the Company's right to sell to the Subscriber such
lesser number of Shares as it may, in its sole discretion, deem necessary or
desirable.

2.4      Any acceptance by the Company
of the Subscription is conditional upon compliance with all securities laws and
other applicable laws of the jurisdiction in which the Subscriber is resident.
Each Subscriber will deliver to the Company all other documentation, agreements,
representations and requisite government forms required by the lawyers for the
Company as required to comply with all securities laws and other applicable laws
of the jurisdiction of the Subscriber.

2.5      Pending acceptance of this
subscription by the Company, all funds paid by the Subscriber shall be deposited
by the Company and immediately available to the Company for its corporate
purposes. In the event the subscription is not accepted, the subscription funds
will constitute a non-interest bearing demand loan of the Subscriber to the
Company.

2.6      The Subscriber hereby
authorizes and directs the Company to deliver the securities to be issued to
such Subscriber pursuant to this Agreement to the Subscriber’s address indicated
on the signature page of this Agreement.

2.7      The Subscriber acknowledges
and agrees that the subscription for the Shares and the Company's acceptance of
the subscription is not subject to any minimum subscription for the
Offering.

	3. 	REGULATION S AGREEMENTS OF THE
      SUBSCRIBER 

3

3.1       The Subscriber
represents and warrants to the Company that the Subscriber is not a “U.S.
Person” as defined by Regulation S of the Securities Act and is not acquiring
the Shares for the account or benefit of a U.S. Person.

A “U.S. Person” is defined by
Regulation S of the Act to be any person who is:

	 	(a) 	
      any natural person resident in the United
      States;

	 	 	 	 
	 	(b) 	
      any partnership or corporation organized or
      incorporated under the laws of the United States;

	 	 	 	 
	 	(c) 	
      any estate of which any executor or administrator is a
      U.S. person;

	 	 	 	 
	 	(d) 	
      any trust of which any trustee is a U.S.
      person;

	 	 	 	 
	 	(e) 	
      any agency or branch of a foreign entity located in
      the United States;

	 	 	 	 
	 	(f) 	
      any non-discretionary account or similar account
      (other than an estate or trust) held by a dealer or other fiduciary
      organized, incorporate, or (if an individual) resident in the United
      States; and

	 	 	 	 
	 	(g) 	
      any partnership or corporation if:

	 	 	 	 
	 		(i) 	
      organized or incorporated under the laws of any
      foreign jurisdiction; and

	 	 	 	 
	 		(ii) 	
      formed by a U.S. person principally for the purpose of
      investing in securities not registered under the Act, unless it is
      organized or incorporated, and owned, by accredited Subscribers [as
      defined in Section 230.501(a) of the Act] who are not natural persons,
      estates or trusts.

3.2      The Subscriber acknowledges
that the Subscriber was not in the United States at the time the offer to
purchase the Shares was received or at the time this Agreement was executed.

3.3      The Subscriber acknowledges
that the Shares are “restricted securities” within the meaning of the Securities
Act and will be issued to the Subscriber in accordance with Regulation S of the
Securities Act. The Subscriber further acknowledges that the Company has not
agreed to register the resale of the Shares under the Securities Act.

3.4      The Subscriber agrees not to
engage in hedging transactions with regard to the Shares unless in compliance
with the Securities Act.

3.5      The Subscriber and the
Company agree that the Company will refuse to register any transfer of the
Shares not made in accordance with the provisions of Regulation S of the
Securities Act, pursuant to registration under the Securities Act, pursuant to
an available exemption from registration, or pursuant to this Agreement. 

3.6      The Subscriber agrees to
resell the Shares only in accordance with the provisions of Regulation S of the
Securities Act, pursuant to registration under the Securities Act, or pursuant
to an available exemption from registration pursuant to the Securities Act.

3.7     The Subscriber acknowledges and
agrees that all certificates representing the Shares will be endorsed with the
following legend in accordance with Regulation S of the Securities Act: 

4

	 	
      “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
      NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
      "ACT"), AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT PROVIDED BY
      REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES
      MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE
      TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
      REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER
      THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM
      REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING
      THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
      WITH THE ACT”. 
	 

	4. 	REPRESENTATIONS AND WARRANTIES OF THE
      SUBSCRIBER 

The Subscriber, represents and warrants to the Company as
follows, and acknowledges that the Company is relying upon such covenants,
representations and warranties in connection with the sale of the Shares to such
Subscriber:

4.1      The Subscriber is an investor
in securities of companies in the development stage and acknowledges that it is
able to fend for itself, can bear the economic risk of its investment, and has
such knowledge and experience in financial or business matters such that it is
capable of evaluating the merits and risks of the investment in the Shares. 

4.2      The Subscriber has received
and had opportunity to review the Disclosure Statement and has been afforded
access to information about the Company and the Company’s financial condition,
results of operations, business, properties, management and prospects sufficient
it to evaluate its investment in the Shares. The Subscriber further represents
that it has had an opportunity to ask questions and receive answers from the
directors and officers of the Company regarding the terms and conditions of the
Offering and the business, properties, prospects and financial condition of the
Company, each as is necessary to evaluate the merits and risks of investing in
the Shares. The Subscriber believes it has received all the information it
considers necessary or appropriate for deciding whether to purchase the Shares.
The Subscriber has had full opportunity to discuss this information with the
Subscriber’s legal and financial advisers prior to execution of this
Agreement.

4.3.      The Subscriber acknowledges
that the offering of the Shares by the Company has not been reviewed by the SEC
and that the Shares are being issued by the Company pursuant to an exemption
from registration under the Securities Act.

4.4      The Subscribers understands
that the Shares it is purchasing are characterized as "restricted securities"
under the Securities Act inasmuch as they are being acquired from the Company in
a transaction not involving a public offering and that under such laws and
applicable regulations such securities may be resold without registration under
the Securities Act only in certain limited circumstances. In this connection,
the Subscriber represents that it is familiar with SEC Rule 144, as presently in
effect, and understands the resale limitations imposed thereby and by the
Securities Act.

4.5      The Shares will be acquired
by the Subscriber for investment for the Subscriber's own account, not as a
nominee or agent, and not with a view to the resale or distribution of any part
thereof, and that the Subscriber has no present intention of selling, granting
any participation in, or otherwise distributing the same. The Subscriber does
not have any contract, undertaking, agreement or arrangement with any person to
sell, transfer or grant participations to such person or to any third person,
with respect to any of the Shares.

4.6      An investment in the Company
is highly speculative and only Subscribers who can afford the loss of their
entire investment should consider investing in the Company and the 

5

Shares. The Subscriber is financially able to bear the economic
risks of an investment in the Company.

4.7      The Subscriber recognizes
that the purchase of the Shares involves a high degree of risk in that the
Company is in the early stages of development of its business and may require
substantial funds in addition to the proceeds of this private placement. 

4.8      The Subscriber acknowledges
that no market for the Shares presently exists and none may develop in the
future and accordingly the Subscriber may not be able to liquidate its
investment.

4.9      The Subscriber is not aware
of any advertisement of the Shares.

4.10      This Agreement has been duly
authorized, validly executed and delivered by the Subscriber.

4.11      The Subscriber has satisfied
himself or herself as to the full observance of the laws of his or her
jurisdiction in connection with any invitation to subscribe for the Shares or
any use of this Agreement, including (i) the legal requirements within his
jurisdiction for the purchase of the Shares; (ii) any foreign exchange
restrictions applicable to such purchase; (iii) any governmental or other
consents that may need to be obtained; (iv) the income tax and other tax
consequences, if any, that may be relevant to an investment in the Shares; and
(v) any restrictions on transfer applicable to any disposition of the Shares
imposed by the jurisdiction in which the Subscriber is resident.

	5. 	REPRESENTATIONS BY THE COMPANY
  

5.1      The Company represents and
warrants to the Subscriber that:

	 	(a) 	
      the Company is a corporation duly organized, existing and
      in good standing under the laws of the State of Nevada and has the
      corporate power to conduct the business which it conducts and proposes to
      conduct;

	 	 	 
	 	(b) 	
      upon issue, the Shares will be duly and validly issued,
      fully paid and non- assessable common shares in the capital of the
      Company.

	6. 	MISCELLANEOUS 

6.1      Any notice or other
communication given hereunder shall be deemed sufficient if in writing and sent
by registered or certified mail, return receipt requested, addressed to the
Company, at its head office at 7816 Uplands Way, Suite A, Citrus Heights, CA
95610, Attention: Timothy Cocker President, and to the Subscriber at his/her
address indicated on the last page of this Subscription Agreement. Notices shall
be deemed to have been given on the date of mailing, except notices of change of
address, which shall be deemed to have been given when received.

6.2      The parties agree to execute
and deliver all such further documents, agreements and instruments and take such
other and further action as may be necessary or appropriate to carry out the
purposes and intent of this Subscription Agreement.

6.3      This Agreement will be
governed by and construed in accordance with the laws of the State of Nevada
applicable to contracts made and to be performed therein. The parties hereby
submit to personal jurisdiction in the Courts of the State of Nevada for the
enforcement of this Agreement and waive any and all rights under the laws of any
state to object to jurisdiction within the State of Nevada for the purposes of
litigation to enforce this Agreement.

6

IN WITNESS WHEREOF, this Subscription Agreement is
executed as of the day and year first written above.

	Number of Shares Subscribed For: 	Shares 
	  	  
	SUBSCRIBER: 	 
    
	Signature of Subscriber: 	 
    
	Name of Subscriber: 	 
    
	Address of Subscriber: 	 
    
	  	  
	  	  
	  	  
	ACCEPTED BY: 	  
	Censox Technologies Inc. 	  
	Signature of Authorized Signatory: 	 
    
	                                                                                                                       	  Timothy Cocker 
	Name of Authorized Signatory: 	 
    
	                                                                                                                       
    	  Director
	Position of Authorized Signatory: 	 
    
	Date of Acceptance:Filed by Automated Filing Services Inc. (604) 609-0244 - Papertradex (US) Inc. - Exhibit 10.15

EXHIBIT 10.15

THIS AGREEMENT is made the 1st July 2005
BETWEEN:

(1) Azuracle Limited registered in England under company number
(03836824) whose registered office is at 27 New Bond Street London W1S
2RH (‘Azuracle’); and
(2) PaperTradeX Europe Limited a company registered in
England under company number (04880826) whose registered office is at 27
New Bond Street London W1S 2RH (‘Customer’). 

WHEREAS: 

(A) The Customer’s business is a Platform that provides an
Online Market Exchange for the Printing Industry
(B) Azuracle has, in
consideration of clause 4 of this agreement agreed to enter into this agreement
to provide administrative, legal, financial, marketing and sales support and
advice to the Customer on the terms set out below

NOW IT IS AGREED as follows: 

1      Definitions and
interpretation
1.1      In this agreement unless
the context otherwise requires: 

	‘business day’ 	
      means a day, other than a Saturday or Sunday, on which
      banks are open for ordinary banking business in London;

	‘the Effective Date’ 	
      means 1st July 2005; 

	‘party’ or ‘parties’ 	
      references to ‘party’ or ‘parties’ shall be construed as
      references to a party or parties to this agreement;

	‘the Services’ 	
      means the services to be performed by Azuracle for the
      Customer upon the terms of this agreement, a detailed description of which
      is set out in the appendix hereto as amended from time to time; 

	‘value added tax’ and ‘VAT’ 	
      mean value added tax as provided for in the Value Added
      Tax Act 1994 and legislation supplemental thereto or replacing, modifying
      or consolidating it. 

1.2      References to, or to any
provision of, any treaty, legislation, statute, directive, regulation, judgment,
decision, decree, order, instrument, byelaw, or any other law of, or having
effect in, any jurisdiction (‘Laws’) shall be construed also as references to
all other Laws made under the Law referred to, and to all such Laws as amended,
re-enacted, consolidated or replaced or as their application is modified by
other Laws from time to time, and whether before or after the date of this
agreement.
1.3      References to ‘this agreement’
or to any other agreement or document referred to in this agreement mean this
agreement or such other agreement or document as amended, varied, supplemented,
modified or novated from time to time, and include the schedules and
appendices.
1.4 References to the singular shall include the plural and vice
versa and references to the masculine, the feminine and the neuter shall include
each other such gender. 
1.5      References to
‘parties’ are references to the parties to this agreement, and references to a
‘person’ include any individual, company, body corporate, corporation sole or
aggregate, government, state or agency of a state, firm, partnership, joint
venture, association, organisation or trust (in each case, whether or not having
separate legal personality and irrespective of the jurisdiction in or under the
law of which it was incorporated or exists) and a reference to any of them shall
include a reference to the others. 
1.6     
References to clauses and the appendix are to clauses of and the appendix to
this 

agreement. References to this agreement include the
appendix.
1.7 The headings are inserted for convenience only and shall not
affect the construction of this agreement. 

2 Duration
Subject as provided in clause 9, this
agreement shall commence on the Effective Date and continue unless and until
terminated by either party giving to the other not less than one (1) month’s
notice in writing.

3 Provision of the Services
Azuracle shall provide
the services to the Customer at the times and at the places, in the manner and
in accordance with the terms set out in the appendix. 

4 Charges 
4.1 The Customer shall pay charges for the
Services in the amounts and at the times set out in the appendix. 
4.2 All
amounts expressed as payable pursuant to this agreement are exclusive of any
applicable VAT which, where applicable, shall be payable by the relevant party
in addition to the amount in question on production to it of a valid VAT
invoice. 
4.3 All sums payable by either party under this agreement shall be
paid free and clear of all withholdings, set-offs or counterclaims whatsoever,
except any deduction or withholding which may be required by law 

5 Independent contractor
In performing the services
in carrying out its obligations under this agreement, Azuracle shall act as an
independent contractor and not the agent of the Customer, and neither Azuracle
nor any of its directors, employees or agents shall have any authority to
negotiate or enter into contracts on behalf of or otherwise to bind the Customer
except where authorised expressly in writing). 

6 Standard of work 
In performing the Services
Azuracle shall use reasonable care and skill, comply with the terms set out in
the appendix and with generally accepted standards of good practice. The said
obligations shall replace all conditions and warranties which would otherwise be
implied herein by statute, common law or otherwise (including, without limit,
the Supply of Goods and Services Act 1982) all of which are hereby expressly
excluded. 

7 Limitation of liability1
7.1 In respect
of those of the Services which are of a managerial or advisory nature (as
identified in the appendix) Azuracle shall not be liable to the Customer for any
loss suffered or liability incurred by the Customer arising out of any act,
omission or error of judgment (whether or not negligent) which may be committed
by Azuracle or by any of its employees, agents or subcontractors in the course
of the provision of those of the Services except where such loss or liability
arises from the negligence, dishonesty or wilful default of Azuracle or of any
of such employees, agents or subcontractors. 
7.3 Nothing in this clause 7 or
elsewhere in this agreement shall exclude, restrict or limit the liability of
either party for death or personal injury caused by that party’s negligence or
for fraud. 

8 Force majeure 
8.1 If and to the extent that the
provision of the Services is prevented or delayed by force majeure (as defined
by clause 8.2 below), Azuracle shall promptly notify the Customer specifying the
nature, extent, effect and the likely duration of the circumstances constituting
the force majeure, and Azuracle shall then be relieved of any liability for
failure to perform or for delay in performing the Services but shall
nevertheless use all reasonable endeavours to minimise the 

effect of the force majeure on its performance of its
obligations and to resume full performance of them and shall make such
alternative arrangements for doing so as may be practicable without incurring
material additional expense PROVIDED that if as a result of the force majeure
the Services are not supplied for more than [6] months, the
Customer may terminate this agreement forthwith by notice to Azuracle. Such a
termination notice shall be irrevocable, except with the consent of both
parties. 
8.2 For the purposes of this clause 8, ‘force majeure’ means any
circumstances not foreseeable at the date of this agreement and not within the
reasonable control of Azuracle

9 Termination 
9.1 Either party may terminate this
agreement forthwith by notice to the other if the other shall have committed a
material breach of this agreement which is incapable of remedy or (if so
capable) is not remedied within 30 days of the party committing the breach
having been served with notice by the other party, specifying the breach and
requiring its remedy
9.2 Upon termination any rights or obligations to which
either of the parties may be entitled or be subject before such termination
shall remain in full force and effect

10 General
10.1 Azuracle may subcontract any of its
obligations under this agreement. This agreement shall be binding upon the
parties and their successors and permitted assigns but neither of the parties
may assign any of their respective rights and obligations under this agreement
without the prior written consent of the other
10.2 No exercise or failure to
exercise or delay in exercising any right, power or remedy vested in either
party shall constitute a waiver by that party of that or any other right, power
or remedy.
10.3 Nothing in this agreement shall be deemed to constitute a
partnership between the parties nor constitute either party the agent of the
other or otherwise entitle either party to have authority to bind the other
party for any purpose. 
10.4 This agreement, together with any documents
referred to in it, constitutes the entire agreement between the parties in
relation to its subject matter and supersedes and extinguishes any prior
agreements and understandings whether oral or written with respect to it. Each
party acknowledges that it has not been induced to enter into this agreement by
any representation or warranty other than those contained in this agreement and,
having negotiated and freely entered into this agreement, agrees that it shall
have no remedy in respect of any other such representation or warranty except in
the case of fraud. Each party acknowledges that its legal advisers have
explained to it the effect of this clause
10.5. No variation of this
agreement shall be effective unless reduced to writing and signed by or on
behalf of a duly authorised representative of each of the parties. 
10.6 In
the event that any term, condition or provision of this agreement is held to be
a violation of any applicable law statute or regulation the same shall be deemed
to be deleted from this agreement and shall be of no force and effect and this
agreement shall remain in full force and effect as if such term, condition or
provision had not originally been contained in this agreement. Notwithstanding
the foregoing, in the event of any such deletion the parties agree to negotiate
in good faith in order to agree the terms of a mutually acceptable and
satisfactorily alternative provision in place of the provision so deleted.

10.7 If any party to this agreement defaults in the payment when due of any
sum payable by it under this agreement, its liability shall be increased to
include interest on such sum from the due date until the date of actual payment
(both before and after judgment) at that annual rate which is 8 percent above
the base rate of (Bank of England) from time to time in effect during
such period, and compounded daily. 
10.8 No person who is not a party to this
agreement shall have any rights under the Contracts (Rights of Third Parties)
Act 1999 to enforce any term of this agreement. 

11 Notices 
11.1 Any notice (which term shall in this
clause include any other communication) to be given under this agreement by
either party to the other shall be in writing in the English language. 

11.2    Any such notice shall be addressed as
provided in clause 11.3 and may be: 

	 	11.2.1 	
      personally delivered, in which case it shall be deemed to
      have been given upon delivery at the relevant address if it is delivered
      not later than 17.00 hours on a business day, or, if it is delivered later
      than 17.00 hours on a business day or at any time on a day which is not a
      business day, at 08.00 hours on the next business day; or

	 	11.2.2 	
      if within the United Kingdom, sent by first class
      pre-paid post, in which case it shall be deemed to have been given 2
      business days after the date of posting; or

	 	11.2.3 	
      sent by fax, in which case it shall be deemed to have
      been given when despatched, subject to confirmation of uninterrupted
      transmission by a transmission report provided that any notice despatched
      by fax after 17.00 hours on any business day or at any time on a day which
      is not a business day shall be deemed to have been given at 08.00 on the
      next business day; or

	 	11.2.4 	
      sent by electronic mail, in which case, it shall be
      deemed to be given when received but subject to the same provisions
      regarding receipt after 17.00 hours as apply to notices sent by
  fax.

11.3 The addresses and other details of the parties referred to
in clause 11.2 are, subject to clause 11.4: 

	 	Azuracle 	Name: Blue Khiroya 
	 	  	Address: Suite 5.15, 130 Shaftesbury
      Ave, 
	 	  	London, W1D 5EU 
	 	  	Fax: 020 7031 1199 
	 	  	Email: info@azuracle.com 
	 	  	  
	 	Customer 	Name: Rory Oliver 
	 	  	Address: Suite 5.15, 130 Shaftesbury
      Ave, 
	 	  	London, W1D 5EU 
	 	  	Fax number: 020 7031 1199 
	 	  	Email address:
      rory.oliver@papertradex.com 

11.4 Either party may notify the other party of any change to
the address or any of the other details specified in clause 11.3, provided that
such notification shall only be effective on the date specified in such notice
or 5 business days after the notice is given, whichever is later 

12 Law and jurisdiction
12.1 This agreement shall be
governed by, and construed in all respects in accordance with, English law. 

	Signed on behalf of Azuracle: /s/ Blue Khiroya
    	 	  
	  	                                                                                                                         
    	Date 01/07/05 
	  	  	  
	  	  	  
	  	  	  
	Signed on behalf of Customer: /s/ Rory Oliver
    	 	  
	  	                                                                                                                           	Date 01/07/05 

APPENDIX

THE SERVICES

	Rent: Use of office space, desk, chair, etc 
Telephone:
      Line rental, handset, etc 
Internet: connection, bandwidth, etc 
	
To be 
charged 
as it arises 
	
Legal: Registered office, Company Secretary, Statutory
      Filing 
	To be 
charged 
as it arises 
	
Finance: Book-keeping, Management Accounts, Statutory
      Accounts 
	To be 
charged 
as it arises 
	
Marketing and Sales: Advice and Support 

	
To be 
charged 
as it arises 
	
Stationery: Basic and Common needs 
	To be 
charged 
as it arises 
	
Meeting room: Use of Outlander Management Ltd’s meeting
      room 
	To be 
charged 
as it arises 
	
IT Service Charges 
	To be 
charged 
as it arises 
	
TOTAL 	

The aforementioned services are the monthly standard charges.

The following will be charged over and above, as and when used
by the Customer

	Stationery: unusual and / or expensive items: exact cost will be
  recharged
  
	Couriers: as and when used: exact cost will be recharged
  
	Telephone calls: itemised calls: exact cost will be recharged
  
	Meeting room: cost of MLS rooms: exact cost will be recharged
  
	Misc: should anything else arise, this will be discussed individually,
  and invoiced under mutual agreement 

OM will invoice the Customer monthly for services provided
during the previous month, adding VAT if appropriate.

Payment shall be due on receipt of invoice, and be made no
later than 7 days of date of invoice.

The invoice will be sent by way of any method mentioned in
Clause 11.

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