Debt Collector Agreement

DEBT COLLECTION AGREEMENT
1. Generally
1.1. This agreement takes effect upon the date when the Debt Collector on the website
https://www.oddcoll.com confirms to the Client that the collection process for the uploaded
claim has commenced.
1.2. This agreement covers debt collection under the recovery process and expires as soon as
the recovery process is finished, whether it leads to the successful recovery of the debt or not.
A Client may not cancel or withdraw a case under the ordinary recovery process. The length
of the ordinary recovery process is 90 days. After 90 days the client has the right to cancel the
case. The agreement terminates 3 days from the day the client requested to cancel the case.
1.3. The recovery process includes recovery activities in the Amicable Stage (Out of court
Debt Recovery), the Judicial stage (Legal actions) and services for Enforcement and
Insolvency proceedings.
1.4. Legal actions may be necessary if the Debtor does not voluntarily pay the debt collection
demand. The Client then receives a recommendation and request for how they want to
proceed in the matter. The Client can at this point choose to close the case.
1.5. Communication between the parties primarily takes place on the website https://
www.oddcoll.com and shall be conducted in English
2. The Debt Collector

2.1. The Debt Collector agency holds permits for debt collection.
2.2. Collection activities shall follow laws and regulations and will be conducted in a
courteous and business-like manner.
2.3. All collected amounts from the Debtor are managed in accordance with applicable
legislation and are continuously transferred and reported to the Client. Transfer of collected
amounts is made to an account indicated by the Client with deductions for costs and
commission.
2.4. The Debt Collector will not institute any action which entails costs before receiving
written approval from the Client. (At, https://app.oddcoll.com/)
2.5. The Debt Collector sends the Client a case report after every closed case.
2.6. The Debt Collector responds promptly to any questions from the Client.
2.7 The Debt Collector is entitled to refuse any assignment. The Client shall be given the
reason for the refusal.
2.8. The Debt Collector is authorized to make instalment plans with the Debtor. In that case
the ordinary recovery process terminates when the debtor pays the last installment.
2.9. The Debt Collector is entitled to terminate collection which does not lead to a result. The
Debt Collector shall notify the Client of such termination.
3. The Client.
3.1. The uploaded claim must be against a legal entity. The claim must be due, undisputed and
must not be neither time-barred nor acquired.
3.2. The Client must upload complete and accurate information and documents relevant to the
case.
3.3. The Client will make no further contact with the Debtor. The Client will refer the
Debtor to the agency in all contact regarding the assignment.
3.4. The Client notifies the Debt Collector of:

- Communications held with the Debtor.
- Payments made directly to the Client.
- Other matters of importance for the case, such as objections, etc.
3.5. The Client collaborates with the agency to facilitate the collection process. For instance,
this could mean that the Client uploads supplementary documents if needed.
4. Price
4.1. The Client stands all cost outlays in the recovery process. Before the Debt Collector
initiating any action, which entails costs for the Client, the Client must approve the action on
the website.
4.2. The Debt Collector is entitled to all statutory recovery costs paid by the debtor, except
actual cost outlays already paid by the Client.
4.3. The Debt Collector is entitled to a commission of 19.5% of the collected principal and
interest amount. Commission is charged for all payments (And all types of remedies such as
merchandise return, credit notes, etc.) from the Debtor received either by the Debt Collector
or the Client. The Debt Collectors right to commission applies to payments made on the same
day, or after the date, this agreement takes effect. The Debt Collector is also entitled to the
commission if the Client cancels or withdraws a case under the recovery process. (See clause
1.2.)
4.4. Costs and fees are written off first for payments received from Debtor.
4.5. If payment is made directly from the debtor to the customer and the statutory collection
costs are not included in this amount; The Debt Collector invoice the debtor for the statutory
collection costs. The client cannot be held liable to pay the statutory collection costs.
5. Miscellaneous:
5.1. Neither party shall be liable for any damage or any delay due to force majeure
event.
5.2. Both parties undertake not to communicate information that is confidential and whose
disclosure could harm other party without the other party 's consent.
5.3. The Debt Collector shall not be held liable for any fluctuations in currency rates or harm
caused.

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DEBT COLLECTION AGREEMENT

2. The Debt Collector

3.4. The Client notifies the Debt Collector of:

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