Payment Agreement

This Payment Agreement (the "Agreement") is entered into on Date (the "Effective Date").

1. Parties

Creditor

• Full legal name: Company name
• Registered address: Address
• CVR/ID No.: CVR

Debtor

• Full legal name: Company name
• Registered address: Address
• CVR/ID No. / CPR No.: CVR

1.1 Debtor Classification

The Debtor is (select as applicable):

• a business acting in the course of its trade, business, or profession; or
• an individual acting for purposes outside their trade, business, or profession (a "Consumer Debtor").

Where this Agreement refers to a "Consumer Debtor", the provisions of Sections 4.3, 6.2, and 8.2 apply in addition to the general provisions of this Agreement. Where mandatory Danish consumer-protection law conflicts with any provision of this Agreement, the mandatory law prevails to the extent of the conflict.

The Creditor and the Debtor are each a "Party" and together the "Parties".

2. Background

2.1 Outstanding Amount

The Debtor acknowledges that it owes the Creditor the amount of Number Currency (the "Outstanding Amount").

2.2 Basis of Debt

The Outstanding Amount arises from Description.

2.3 Repayment Plan

The Parties wish to establish a structured repayment plan.

2.4 Effect of Acknowledgement on Limitation Period

The Debtor's acknowledgement of the Outstanding Amount in Section 2.1 constitutes an acknowledgement of debt that interrupts (afbryder) the limitation period under the Danish Limitation Act (Forældelsesloven). A new limitation period begins to run from the date of this Agreement, and, for the avoidance of doubt, also restarts from the date of any subsequent acknowledgement or part-payment by the Debtor under this Agreement.

3. Payment Terms

3.1 Schedule