1. FREEWAY CAM B.V. (a company registered under the laws of The Netherlands) c/o Andrassy ut 12, 1061 Budapest, Hungary ('FCAM');
2. STICHTING FREEWAY CUSTODY (a foundation registered under the laws of The Netherlands) c/o Andrassy ut 12, 1061 Budapest, Hungary ('FCustody'); and
3. THOSE PERSONS, FIRMS OR OTHER ENTITIES SPECIFIED IN SCHEDULE 1 HERETO (together 'Parties' and individually 'Party' which expressions shall include each of the Parties successors in title and assigns).
IT IS HEREBY AGREED that the Parties jointly appoint FCustody to open the Collection Account and that FCustody accepts such appointment.
Furthermore, it is hereby agreed that the Parties jointly appoint FCAM to administer the collection and distribution of Collected Gross Receipts on behalf of the Parties in accordance with the provisions of the Schedules hereto and FCAM's Standard Terms of Agreement and that, in consideration of FCAM's Remuneration, FCAM accepts such appointment.
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