All disputes, differences or claims arising out of or in connection with the present agreement, which concerns it or an infringement of it, termination or invalidity, shall be finally settled at the Riga International Arbitration Court in accordance with its Arbitration Rules.

The parties may supplement the Arbitration Clause, adding to it:

1) the number of arbitrators is ________ (one or three);
2) the language of arbitration is ________;
3) place of arbitration is ________________.

(*) Sample of text of the Arbitration Clause has recommendatory nature.