Arbitration Clause

Any dispute arising out of this agreement shall be submitted to an Arbitral Tribunal, composed of one or three Arbitrator(s), according to the Procedural Rules of the International Commercial and Industrial Arbitration Court - "Cour pour l'Arbitrage International en matière de Commerce et d’Industrie" (CARICI), of Geneva, Switzerland.

The seat of the Arbitration Tribunal shall be Geneva, unless otherwise agreed by the Parties.