4 Plus SIA - EP Lisa 3

ANNEX 3 TIMBER SALES CONTRACT No. 3-3.6.1/2026/59

Date according to the latest digitally signed

1. Requisites of the Seller

State Forest

Management Centre

(RMK)

Commercial Registry code: 70004459

Mõisa/3, Sagadi Village, Haljala

Municipality, 45403 Lääne-Viru County

Tel: + 372 676 7500

Representative Jaanus Reinvee, Specialist, Timber

Marketing Department

[email protected]

Tel: +372 513 2961

Right of representation based on (grounds for authorisation): Decree No 1-5/7 of RMK ´s chairman of

the board on 16th of January 2025

Bank name/address: AS SEB Pank, Tornimäe 2, 15010 TALLINN, Estonia

IBAN: EE781010402024861004

SWIFT/BIC: EEUHEE2X

2. Requisites of the Buyer

4 PLUS SIA Commercial Registry code: 54103007931

Address: Abula street 6b, Valmiera,

LV4201, Latvija

VAT registration No. LV54103007931

Tel: + 371 29298858

[email protected]

Representative Druvis Paeglis

Right of representation based on: Member of the board

1. According to Protocol No. 3-3.4/4 of RMK’s public written auction dated 28 April 2026, the Seller sells

and the Buyer purchases Roundwood during the delivery period from 13 May to 15 June as follows:

Assortment Delivery Location May

m³ June m³

Total quantity

m³

Aspen sawlog

Merķeļa street 20

Alūksne, LV4301

Latvia 65 65

Allowed deviation of the Roundwood is up to 10 (ten) % of agreed amount.

2. Establish, on the basis of Clause 1 of Annex 3 to this contract, the prices of the Roundwood delivered

during the delivery period from 13 May 2026 to 15 June 2026 under the delivery term DPU Alūksne

(Incoterms 2020), in euros per cubic meter (EUR/m³), as follows:

Assortment Delivery

Location

Diameter

under bark

(cm)

Length (dm) Price

(EUR/m3)

Aspen sawlog Alūksne 16,0-24,4 30;24 65,00

Aspen sawlog Alūksne 24,5-80 30;24 75,00

Substandard Timber 30,00

3. Payment term

The Buyer is obliged to make an advance payment to Seller´s account IBAN: EE781010402024861004 in

AS SEB Bank (SWIFT/BIC: EEUHEE2X) before deliveries of Roundwood as stated in clause 1 of the

Annex 3 as follows:

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13.05.2026 – 4621,5 EUR;

The balance payment shall be performed within 10 (ten) Days after final invoice.

Signatures of the Parties

The Seller: The Buyer:

_____________________ ____________________

Jaanus Reinvee Druvis Paeglis

Specialist of Timber Marketing Department Member of the Board

TIMBER SALES CONTRACT No. 3-3.6.1/2026/59

Date according to the latest digitally signed

1. Requisites of the Seller

State Forest

Management Centre

(RMK)

Commercial Registry code: 70004459

Mõisa/3, Sagadi Village, Haljala

Municipality, 45403 Lääne-Viru County

Tel: + 372 676 7500

Representative Jaanus Reinvee, Specialist, Timber

Marketing Department

[email protected]

Tel: +372 513 2961

Right of representation based on (grounds for authorisation): Decree No 1-5/7 of RMK ´s chairman of

the board on 16th of January 2025

Bank name/address: AS SEB Pank, Tornimäe 2, 15010 TALLINN, Estonia

IBAN: EE781010402024861004

SWIFT/BIC: EEUHEE2X

2. Requisites of the Buyer

4 PLUS SIA Commercial Registry code: 54103007931

Address: Abula street 6b, Valmiera,

LV4201, Latvija

VAT registration No. LV54103007931

Tel: + 371 29298858

[email protected]

Representative Druvis Paeglis

Right of representation based on: Member of the board

Bank: A/S SEB banka

IBAN: LV48UNLA0025000467407

SWIFT/BIC: UNLALV2X

3. Type, Object and Price of the Contract.

3.1. This Contract has been agreed under basis of RMK written tender on 23th of February, 2026.

3.2. Seller obliges to sell and the Buyer obliges to buy Roundwood in the quantity and with the quality

stated in this Contract and according to the terms and conditions stated in this Contract. Seller obliges to

deliver the Roundwood to the Delivery Location at own expense.

3.3. The quantity of Roundwood to be delivered to Buyer shall be as follows:

Aspen sawlogs 367 m³ sub (three hundred sixty-seven cubic metres solid under bark) DPU Aluksne

(Incoterms 2020).

Allowed deviation of the Roundwood is up to 10 (ten) % of agreed amount.

3.4. The Price of Roundwood to be delivered to Buyer shall be as follows:

Sortiment Delivery Location Diameter under

bark (cm)

Length (dm) Price

(EUR/m3)

Aspen sawlog Aluksne 16,0-24,4 30;24 75,00

Aspen sawlog Aluksne 24,5-80 30;24 80,00

Substandard Timber 30,00

4. Delivery conditions

4.1. Seller obliges to deliver the Roundwood within the Delivery Period of 11.03.2026 – 30.06.2026

4.2. The Delivery Location of the Roundwood shall be DPU Aluksne (Incoterms 2020) Merkela street

20, Aluksne, LV4301, Latvia .

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4.3. Seller shall formalise the necessary Roundwood transportation documents.

5. Quality

5.1. The delivered Roundwood must conform to the requirements stated in Annex 1 “Quality

Requirements of Roundwood” to this Contract.

5.2. The Buyer shall assess the quality of the delivered Roundwood within 3 (three) days after arrival of

the Roundwood at the Place of Delivery. The representatives of the Parties may attend the assessment. The

evaluation of the quality of the Roundwood shall be performed according to the guidelines set out in the

„RMK Standard of Sawlogs” (published at www.rmk.ee), (hereinafter: the Assessment Methods). Volume

of wrecked logs shall be considered as Roundwood not conforming to the Quality Requirements. The

quantity of Roundwood not conforming to the Quality Requirements shall not be included within the

quantity of the Roundwood agreed on in this Contract.

5.3. The Buyer shall be obliged to buy the Roundwood not conforming to the Quality Requirements for

the price stated in clause 3.4 of this Contract.

6. Quantity

6.1. The Buyer shall measure the quantity of the delivered Roundwood within 3 (three) days after

transfer of the Roundwood at the Place of Delivery. The representatives of the Parties may attend the

measurement. The measuring of the Roundwood shall be performed according to the instructions given in

the „RMK Standard of Sawlogs” (published on the website www.rmk.ee). Each log shall be measured

according to the instructions given in RMK’s standard of sawlog. Diameter of a log has to be measured

under bark as average diameter at the top end of the log. Applicable log volume formula is (V=(d²

L(a1+a2L)+a3L²)/10000, whereas V – volume of log in cubic meter, L – accountable length of log in

decimetre, d – top diameter under bark in centimetre, a1-a3 coefficients;

coefficients for the aspen are: a1- 0,07830, a2- 0,00023600, a3- 0,04500

6.2. As a result of the measuring of the Roundwood quantity, the Buyer shall prepare a Roundwood

measurement report (hereinafter called the Measurement Report). This report must be compiled by trucks

and contain information of dimensions, the quality and the quantity of the Roundwood . The report shall be

transferred to RMK's server within 3 (three) day after deliver.

7. Solving disputes

The Buyer shall have the right to present to the Seller a claim regarding the quality and/or quantity of the

Roundwood within 3 (three) days after arrival of the Roundwood at the Place of Delivery. If the share of the

Roundwood not conforming to the Quality Requirements exceeds 10%, then the the Buyer shall not allow

further handling of the Roundwood. Upon request of the Seller, the Buyer shall store separately the

Roundwood being the basis for the claim and shall ensure the preservation and traceability of such

Roundwood until the solving of the respective claim. The presented claim shall be solved by re-measuring

and assessing the Roundwood in the presence of representatives of the Parties; the basis of the instrument of

delivery and receipt of the Roundwood shall be the quantity as measured and assessed in the presence of

representatives of the Parties.

8. Limitation of liability

Unless otherwise expressly stated in this Contract and except in cases of gross negligence or wilful

misconduct, neither Party shall be under any liability to the other Party for loss of production, loss of

business or profit or for any other indirect damages.

9. Invoicing, payment deadline and credit limit

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9.1. The invoicing regarding the sales contract for the Roundwood shall be performed according to the

conditions stated in clause 5 of the Standard Terms.

9.2. Payment term 9.3. Credit limit

Advance payment before deliveries

Advance payment schedule:

11.03.2026 – 14459,8 EUR;

20.03.2026 – 14459,8 EUR;

balance within 10 (ten) Days after final invoice.

0.00 (zero) EUR

9.4.RMK shall send invoices for the Roundwood electronically to the following e-mail address:

[email protected]

10. Validity of the Contract

10.1. This Contract shall enter into force upon being signed.

10.2. This Contract

shall be valid from

the date of:

Date of the signature latest

digitally signed

10.3. This

Contract shall

be valid until

the date of:

31.12.2026

11. Contact persons and contact data of the Parties

11.1. RMK’s representative for preparing the instrument of delivery and receipt shall be:

Name ID code Address Telephone E-mail

Katrin Võlli 46009226515 RMK, Ristipalo,

Räpina vald , 64418

Põlva maakond,

Estonia

+372 676 7633 [email protected]

11.2.The Buyer’s representative for preparing the instrument of delivery and receipt shall be:

Name ID code Address Telephone E-mail

Janis Skulte 120576-12672 Merkela street

20, Aluksne, LV4301,

Latvia

+371 29276883 [email protected]

11.3. In case of any changes to the contact data of the Parties as stated in clauses 11.1.-11.2. of this

Contract, the respective Party shall be obliged to notify the other Party about this.

12. Standard Terms as a part of the Roundwood sales contract, entire agreement between the Parties,

original counterparts of the Contract

12.1. Any and all issues not regulated with this Roundwood sales contract shall be regulated by applying

the Standard Terms for forest material sales contracts, issued by the State Forest Management Centre and

published on the website www.rmk.ee . By signing this Contract, the the Buyer hereby confirms having

reviewed the above stated Standard Terms and being in knowledge about their contents. RMK shall have the

right to unilaterally change the Standard Terms in a way stated in the Standard Terms. This Roundwood

sales contract together with its annexes and the Standard Terms shall constitute the entire agreement

between the Parties and shall include all conditions regarding the sale of Roundwood stated in this Contract

that the Parties have intended to agree about between them.

Upon signing this Contract it has the following Annex :

12.2. Annex 1 “Roundwood Quality Requirements”.

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12.2. Annex 2 “Form of Measurement Report”.

12.3. This Contract together with the Annexes constitutes a wholesome and integral Contract,

replacing any and all earlier spoken or written agreements between the Parties regarding the object of this

Contract.

12.4. This Contract has been prepared in English language as 2 (two) original counterparts having equal

legal force, of which the RMK shall retain one counterpart and the Buyer shall retain the other counterpart.

Signatures of the Parties

The Seller: The Buyer:

_____________________ ____________________

Jaanus Reinvee Druvis Paeglis

marketing specialist member of the board

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ANNEX 1 TO THE TIMBER SALES CONTRACT No. 3-3.6.1/2026/59

ROUNDWOOD QUALITY REQUIREMENTS

Requisites of the Seller

State Forest

Management Centre

(RMK)

Commercial Registry code: 70004459

Mõisa/3, Sagadi Village, Haljala

Municipality, 45403 Lääne-Viru County

Tel: + 372 676 7500

Representative Jaanus Reinvee, Specialist, Timber

Marketing Department

[email protected]

Tel: +372 513 2961

Right of representation based on (grounds for authorisation): Decree No 1-5/7 of RMK ´s chairman of

the board on 16th of January 2025

Requisites of the Buyer

SIA “4 PLUS” Commercial Registry code: 54103007931

Address: Abula street 6b, Valmiera,

LV4201, Latvija

VAT registration No. LV54103007931

Tel: + 371 29298858

[email protected]

Representative Druvis Paeglis

Right of representation based on: Member of the board

1. The Seller shall sell and the Buyer shall buy the Roundwood with the following quality:

Aspen log Quality requirements

Diameter under bark at top end: min 16 cm

Maximum diameter over bark at bottom end: max 80 cm

Lengths: 3,0 / (2,4) m

Tolerance: min. 5 cm

Sound knots allowed up to ½ of topp diameter max Ø ≤ 140 mm

Dry, dead, spike knots allowed Ø ≤ 80 mm

Height of knots allowed ≤ 50 mm

Simple crookedness ≤ 3%

Multiple crookedness ≤ 1,5%

Cracks in top and butt end ( core cracks and

drying cracks)

cracks less than

2 mm wide under the bark allowed. Frost and

lightning cracks not allowed

Side cracks

allowed depth <10% of processing cylinder. Frost and

lightning cracks not allowed

Annular cracks

Annular cracks up to 40 mm in diameter is allowed as

a full circle, larger ones are allowed as a half circle

Open scar allowed depth <10% of processing cylinder

Closed scar allowed

Red heart allowed

Hard rot allowed

Soft rot

allowed in the butt or top end of logs with a diameeter

≥ 25 cm in central part < 80 mm

Storage decay not allowed

Double pith (fork) not allowed

Mechanical damage allowed depth <10% of processing cylinder

Metallic inclusions, wrong matter not allowed

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Fire damage fire damage must not reach the processing cylinder

2. In the case of terms and definitions concerning the quality requirements and quality not laid down herein, the

Parties shall be guided by the “SFMC´s sawlog standard”. All the logs in the cargo may have damages within the

permitted limits.

Signatures of the Parties

The Seller: The Buyer:

_____________________ ____________________

Jaanus Reinvee Druvis Paeglis

marketing specialist member of the board

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ANNEX 2 TO THE TIMBER SALES CONTRACT No. 3-3.6.1/2026/59

FORM OF MEASUREMENT REPORT

1.1. File format

The Buyer sends the Seller an electronic measurement report file in csv format (with CR/LF line ending). The column

separator is a semicolon. The file structure has been set out in sub-clause 1.3. File fields.

File names in a current month are unique.

1.2. File content

In the file, the Buyer sets out the received Timber log-by-log, i.e. one line per log if the measurement is performed on

a measurement line. The data of one waybill may be set out in different files. One file may contain data on Timber

delivered by several waybills. If the calculation obligation is incumbent on the Seller, the parties will agree on the file

content separately.

1.3. File fields

Column headings are not mandatory, but they are useful for verification purposes (e.g. due to the alternation of units

of measurement, such as mm, cm and dm). The field length is irrelevant.

Column name Column

number

Mandatory

field

Description

Buyer 1 yes The Buyer’s name (as set out on the waybill) or the Buyer’s

registration number

Seller 2 yes The SFMC

Place of delivery 3 yes The name of the place of delivery set out in the contract of

sale

Delivery term 4 Yes The delivery term in compliance with Incoterms 2020. If the

cell is empty, the default delivery term is deemed to be DPU

Contract number 5 yes The number of the contract of sale (the serial number 3-3.6.1

need not be specified)

ELVIS WB

number

6 yes The electronic waybill number (e.g. RMK012345)

Alternative WB no. 7 if necessary The SFMC paper waybill number (e.g. RMK-111AAA-

012345)

Waybill date 8 yes The date noted on the waybill (DD.MM.YYYY)

Certified 9 no

Measurement date 10 yes The date when the measurement was performed

(DD.MM.YYYY)

Measurement

report number

11 no The Buyer’s measurement report number

Tree species 12 yes The two-letter abbreviation of the tree species (MA-pine; KU-

spruce; KS-birch)

Quantity 13 yes May be greater than 1 in the case of manual measurement

Quality 14 yes In the case of softwood logs ABC; D; M; PRAAK(F); in the

case of hardwood logs A; BC; D; M; PRAAK(F)

Code of

substandard log

15 yes The codes of substandard logs are set out in clause 2

Buyer’s

commodity code

16 no

Price group “key” 17 no Text field

Top diameter over

bark

18 if possible Top diameter over bark – mm (full millimetre)

Top diameter under 19 Yes Top diameter under bark – mm (full millimetre)

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bark

Butt diameter 20 if necessary Butt diameter – cm

Rated diameter 21 Yes Rated diameter – cm, to the accuracy of one decimal place, i.e.

as set out in the price agreement of the contract (the field

value is one of the price features and, if necessary, the log

diameter measurement is taken from here for the volume

calculation)

Actual length

measured

22 if possible Actual length measured – in full centimetres

Rated length 23 Yes Rated length – full decimetre, i.e. as set out in the price

agreement of the contract (the field value is one of the price

features and, if necessary, the log length measurement is taken

from here for the volume calculation)

Price 24 No Not mandatory

Actual volume 25 no Not mandatory

Rated volume 26 yes Provided that the Buyer themselves performs the volume

calculation

Name of the

measurer

27 if possible Name of the Buyer’s measurer

2. Codes of substandard logs

Reason for

substandard logs

Code sign in the

report Explanation about non-compliances with the contract

Thin PEE smaller diameter

Thick JAM larger diameter

Short LYH short length

Long PIK excessive length

Sweep KAA the simple sweep determined by the machine

Metal MET log with metal

Rot MAD all rot species

Curvature KOV

the simple, multiple and sharp sweep determined by the

operator

Incorrect knot OKS

too thick knot, number of knots, knot cluster, spike knot,

unsound (rotten) knot

Growth defects RIK scar, double pith

Logging mistake YTO felling and crosscutting shakes, cuts, height of knot from

surface, distortion of butt, poor lopping

Blue stain SIN Blue staining

Insect damage PUT insect and larva defects

Blackened TAH Blackened and charred Timber

Thickening TYY crumple thickening, fluting

Other MUU forest-dry, resin scar

Tree species VPL incorrect tree species

Red heart SYD false heartwood (in the case of hardwood)

Cracks LOH

ring shake, heart shake, frost crack (in the case of

hardwood)

3. Sending the file

The Buyer uploads the file to the Seller’s corresponding server the address of which is mreports.rmk.ee.

The protocol used is SFTP. The port used is 23.

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4. Error management

If the file uploaded to the Seller’s server contains any errors, the Seller will notify the Buyer thereof and the Buyer

will send the Seller a corrected file. If the Buyer detects any errors in the file after uploading it to the server, the

Buyer will notify the Seller thereof immediately and send the Seller a corrected file.

Signatures of the Parties

The Seller: The Buyer:

_____________________ ____________________

Jaanus Reinvee Druvis Paeglis

marketing specialist member of the board