GeoPura Ltd – General Conditions of Hire

AGREED TERMS

1.            Definitions & Interpretation

1.1         The following definitions and rules of interpretation apply in this agreement.

               Business Day: a day, other than a Saturday, Sunday or public holiday in England, when banks in London are open for business.

               Commencement Date: Date PO Placed

               Delivery: the transfer of physical possession of the Equipment to the Lessee at the Site.

               Deposit: the deposit amount set out in the Payment Schedule.

               Equipment: the items of equipment listed in the proposal, all substitutions, replacements or renewals of such equipment and all related accessories, manuals and instructions provided for it.

               Force Majeure Event: has the meaning given to it in Clause 19.

               GeoPura: means GeoPura Limited, a company having its Registered Office at C/O Hobsons, Alexandra Street, Nottingham, United Kingdom, NG5 1AY.

               Payment Schedule: which sets out the sums payable under this agreement.

               Purchase Option: the Lessee’s option to purchase the Equipment as more fully described in clause 8.

               Purchase Option Price: the price defined upon request for quotation during the hire period.

               Proposal: the proposal document supplied setting out the key commercial terms.

               Rental Payments: the payments made by or on behalf of Lessee for hire of the Equipment.

               Rental Period: the period of hire as set out in clause 3.

               Risk Period: the period during which the Equipment is at the sole of the risk of the Lessee as set out in clause 6.2.

               Site: the Lessee’s area of operation as specified in the Proposal and confirmed on the Order Form.

               Total Loss: due to the Lessee’s default the Equipment is, in the Lessor’s reasonable opinion

               or the opinion of its insurer(s), damaged beyond repair, lost, stolen, seized or confiscated.

               VAT: value added tax chargeable in the UK.

Clause, Schedule and paragraph headings shall not affect the interpretation of this agreement.

1.2         A person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality) and that person’s legal and personal representatives, successors and permitted assigns.

1.3         The Schedules form part of this agreement and shall have effect as if set out in full in the body of this agreement and any reference to this agreement includes the schedules.

1.4         A reference to a company shall include any company, corporation or other body corporate, wherever and however incorporated or established.

1.5         Unless the context otherwise requires, words in the singular shall include the plural and in the plural shall include the singular.

1.6         Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders.

1.7         Unless expressly provided otherwise in this agreement, a reference to legislation or a legislative provision is a reference to it is in force as at the date of this agreement].

1.8         Unless expressly provided otherwise in this agreement, a reference to legislation or a legislative provision shall include all subordinate legislation made as at the date of this agreement under that legislation or legislative provisions.

1.9         A reference to writing or written includes email.

1.10       Any obligation on a party not to do something includes an obligation not to allow that thing to be done.

1.11       A reference to this agreement or to any other agreement or document referred to in this agreement is a reference to this agreement or such other agreement or document as varied or novated (in each case, other than in breach of the provisions of this agreement) from time to time.

1.12       References to clauses and Schedules are to the clauses and Schedules of this agreement and references to paragraphs are to paragraphs of the relevant Schedule.

1.13       Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.

2.            Basis Of Contract

2.1.        The Quotation (including the Hirer’s acceptance thereof), any Order Acknowledgment, and these Conditions comprise the entire contract, agreement and understanding between GeoPura and the Hirer (the “Contract”) and no other terms and conditions, or pre-contractual statements or representations, shall form part of the Contract. The Contract supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between the parties, whether written or oral, relating to its subject matter. Each party acknowledges that in entering into the Contract it does not rely on, and shall have no remedies in respect of, any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in the Contract.

2.2         No variation of the Contract shall be effective unless specifically agreed in writing by an authorised signatory of GeoPura and of the Hirer.

2.3         In the event of any inconsistency between any of the documents forming part of the Contract, the Quotation shall prevail against all other such documents.

3.            Equipment hire

3.1         The Lessor shall hire the Equipment to the Lessee for use at the Site subject to the terms and conditions of this agreement.

3.2         The Lessor shall not, other than in the exercise of its rights under this agreement or applicable law, interfere with the Lessee’s quiet possession of the Equipment.

4.            Rental Period

The Rental Period starts on the Delivery Date and signed handover and shall continue for a period as

shown on the quotation unless this agreement is terminated earlier in accordance with its terms. The Lessor has the right to request an extension with a minimum notification period of 10 weeks prior to the end of the rental period.

5.            Rental Payments and Deposit

5.1         The Lessee shall pay the Rental Payments to the Lessor in accordance with the GeoPura’s Standard Payment Terms, which are 30 days from receipt of invoice for existing Accounts, and an upfront payment of an initial hire period of one month rental plus delivery for new hires. All short-term hires of less than one month shall pay within seven days from receipt of invoice. All Payments   shall be paid in GBP and shall be made by bank transfer.

5.2         The Rental Payments are exclusive of VAT and any other applicable taxes and duties or similar charges which shall be payable by the Lessee at the rate and in the manner from time to time prescribed by law.

5.3         All amounts due under this agreement shall be paid in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law).

5.4         If the Lessee fails to make a payment due to the Lessor under this agreement by the due date, then, without limiting the Lessor’s remedies under clause 11, the Lessee shall pay interest on the overdue sum from the due date until payment of the overdue sum, whether before or after judgment.

5.5         Interest under this clause will accrue each day at 5% a year above the Bank of England’s base rate from time to time, but at 5% a year for any period when that base rate is below 0%.

5.6         Where GeoPura is providing Hydrogen, GeoPura reserves the right to vary the Hydrogen Charges specified in the Quotation on a monthly basis with reference to market fluctuations.

6.            Delivery, installation and de-installation

6.1         Delivery of the Equipment shall be made by the Lessor. The Lessor shall use reasonable endeavours to effect Delivery by the Delivery Date. Risk shall transfer in accordance with clause 6 of this agreement.

6.2         The Lessor shall at the Lessee’s expense install and de-install the equipment at the site. The Lessee shall procure that a duly authorised representative of the Lessee shall be present at the installation and de-installation of the Equipment. Acceptance by such representative of installation shall constitute conclusive evidence that the Lessee has examined the Equipment and has found it to be in good condition, complete and fit in every way for the purpose for which it is intended (save as regards any latent defects not reasonably apparent on inspection). If required by the Lessor, the Lessee’s duly authorised representative shall sign a receipt confirming such acceptance.

6.3         To facilitate Delivery, installation and de-installation the Lessee shall at its sole expense provide all requisite materials, facilities, access and suitable working conditions to enable Delivery, installation and de-installation to be carried out safely and expeditiously including the materials, facilities, access and working conditions specified in the Proposal.

6.4         If the Lessee fails to accept delivery of the Equipment on the Delivery Date, then, except where such failure is caused by the Lessor’s failure to comply with its obligations under this agreement:

(a)          the Equipment shall be deemed to have been delivered at 9.00 am on the Delivery Date; and

(b)          the Lessor shall store the Equipment until delivery takes place, and charge the Lessee for all related costs and expenses (including insurance).

(c)           In the event that temporary storage is required at either the Lessor or Lessees premises for a period in excess of 5 working days then the Lessor has the right to terminate the contract in accordance with clause 11.

7.            Title, risk and insurance

7.1         The Equipment shall at all times remain the property of the Lessor, and the Lessee shall have no right, title or interest in or to the Equipment (save the right to possession and use of the Equipment subject to the terms and conditions of this agreement) [except where the Lessee purchases the Equipment pursuant to the Purchase Option in clause 8.

7.2         The risk of loss, theft, damage or destruction of the Equipment shall pass to the Lessee on access to the premises. The Equipment shall remain at the sole risk of the Lessee during the Rental Period and any further term during which the Equipment is in the possession, custody or control of the Lessee (Risk Period) until such time as the Equipment is removed from the Lessor’s premises. During the Rental Period and the Risk Period, the Lessee shall, at its own expense, obtain and maintain the following insurances:

(a)          insurance of the Equipment to a value not less than its full replacement value comprehensively, and associated consequential costs against all usual risks of loss, damage or destruction by fire, theft or accident, and such other risks as the Lessor may from time to time nominate in writing;

(b)          insurance for such amounts as a prudent owner or operator of the Equipment would insure for, or such amount as the Lessor may from time to time reasonably require, to cover any third party or public liability risks of whatever nature and however arising in connection with the Equipment; and

(c)           insurance against such other or further risks relating to the Equipment as may be required by law, together with such other insurance as the Lessor may from time to time consider reasonably necessary and advise to the Lessee.

7.3         All insurance policies procured by the Lessee shall be endorsed to provide the Lessor with at least twenty Business Days’ prior written notice of cancellation or material change (including any reduction in coverage or policy amount) and shall on the Lessor’s request name the Lessor on the policies as a loss payee in relation to any claim relating to the Equipment. The Lessee shall be responsible for paying any deductibles due on any claims under such insurance policies.

7.4         The Lessee shall give immediate written notice to the Lessor in the event of any loss, accident or damage to the Equipment arising out of or in connection with the Lessee’s possession or use of the Equipment.

7.5         If the Lessee fails to effect or maintain any of the insurances required under this agreement, the Lessor shall be entitled to effect and maintain the same, pay such premiums as may be necessary for that purpose and recover the same as a debt due from the Lessee and in addition the Lessor shall have the right to termination.

7.6         The Lessee shall, on demand, supply copies of the relevant insurance policies or other insurance confirmation acceptable to the Lessor and proof of premium payment to the Lessor to confirm the insurance arrangements.

8.            Lessee’s responsibilities

8.1         The Lessee shall during the term of this agreement:

(a)          ensure that the Equipment is kept and operated in a suitable environment, , used only for the purposes for which it is designed, and operated in a proper manner by trained competent staff in accordance with any operating instructions [provided by the Lessor];

(b)          take such steps (including compliance with all safety and usage instructions provided by the Lessor) as may be necessary to ensure, so far as is reasonably practicable, that the Equipment is at all times safe and without risk to health when it is being set, used, cleaned or maintained by a person at work;

(c)           maintain at its own expense the Equipment in good and substantial repair in order to keep it in as good an operating condition as it was on the Delivery Date (fair wear and tear only excepted) including replacement of worn, damaged and lost parts, and shall make good any damage to the Equipment;

(d)          make no alteration to the Equipment and shall not remove any existing component (or components) from the Equipment [without the prior written consent of the Lessor.

(e)          keep the Lessor fully informed of all material matters relating to the Equipment;

(f)           keep the Equipment at all times at the Site and shall not move or attempt to move any part of the Equipment to any other location without the Lessor’s prior written consent.

(g)          permit the Lessor or its duly authorised representative to inspect the Equipment, access the equipment for refuelling / maintenance at all reasonable times and for such purpose to enter the Site or any premises at which the Equipment may be located, and shall grant reasonable access and facilities for such purposes,  and to also allow reasonable inspection of electrical components and systems connected to the Equipment to enable periodic determination of the sum of the safe operation and rated apparent power of connected electrical components and systems in kVA, ascertained by examination of nameplate or other available information;

(h)          permit the Lessor to maintain permanent electronic communication with the supplied Equipment using communication equipment (wireless or physical connection) supplied by the Lessor for the purpose of remote management and maintenance of the Equipment, and neither wilfully nor negligently remove or reduce the Lessor’s essential communication capability, and where if any site activity is in danger of affecting this communication capability the Lessee will work urgently and diligently with Lessor to ensure that any affect is mitigated. 

(i)            If required maintain operating and maintenance records of the Equipment and make copies of such records readily available to the Lessor, together with such additional information as the Lessor may reasonably require;

(j)           not, without the prior written consent of the Lessor, part with control of (including for the purposes of repair or maintenance), sell or

offer for sale, underlet or lend the Equipment or allow the creation of any mortgage, charge, lien or other security interest in respect of it;

(k)           not without the prior written consent of the Lessor, attach the Equipment to any land or building so as to cause the Equipment to become a permanent or immovable fixture on such land or building. If the Equipment does become affixed to any land or building then the Equipment must be capable of being removed without material injury to such land or building and the Lessee shall repair and make good any damage caused by the affixation or removal of the Equipment from any land or building and indemnify the Lessor against all losses, costs or expenses incurred as a result of such affixation or removal;

(l)            not do or permit to be done any act or thing which will or may jeopardise the right, title or interest of the Lessor in the Equipment and, where the Equipment has become affixed to any land or building, the Lessee must take all necessary steps to ensure that the Lessor may enter such land or building and recover the Equipment both during the term of this agreement and for a reasonable period thereafter, including by procuring from any person having an interest in such land or building, a waiver in writing and in favour of the Lessor of any rights such person may have or acquire in the Equipment and a right for the Lessor to enter onto such land or building to remove the Equipment;

(m)         not suffer or permit the Equipment to be confiscated, seized or taken out of its possession or control under any distress, execution or other legal process, but if the

Equipment is so confiscated, seized or taken, the Lessee shall notify the Lessor and the Lessee shall at its sole expense use its best endeavours to procure an immediate release of the Equipment and shall indemnify the

Lessor on demand against all losses, costs, charges, damages and expenses incurred as a result of such confiscation;

(n)          not use the Equipment for any unlawful purpose;

(o)          ensure that at all times the Equipment remains identifiable as being the Lessor’s property and wherever possible shall ensure that a visible sign to that effect is attached to the Equipment;

(p)          allow the Lessor or its representatives access to the Site or any premises where the Equipment is located for the purpose of removing the Equipment; and

(q)          not do or permit to be done anything which could invalidate the insurances referred to in clause 6.

8.2         The Lessee acknowledges that the Lessor shall not be responsible for any loss of or damage to the Equipment arising out of or in connection with any negligence, misuse, mishandling of the Equipment or otherwise caused by the Lessee or its officers, employees, agents and contractors, and the Lessee shall indemnify the Lessor in full against all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses) suffered or incurred by the Lessor arising out of, or in connection with any failure by the Lessee to comply with the terms of this agreement.

9.            Purchase Option

9.1         The Lessee may, subject to clause 8.2, have the option, exercisable by not less than twenty Business Days’ written notice to the Lessor, to purchase the Equipment on the last Business Day of the Rental Period at the Purchase Option Price defined upon request for quotation during the hire period. Such quotation shall define the scope of the purchased equipment and any ongoing requirements for logistics, refuelling and service.

9.2         The Purchase Option may be exercised only if all amounts due to the Lessor under this agreement up to the date of exercise of the Purchase Option have been paid in full by the Lessee.

9.3         On completion of the purchase of the Equipment under this clause 8, such title to the Equipment as the Lessor had on the Delivery Date shall transfer to the Lessee. The Equipment shall transfer to the Lessee in the condition and at the location in which it is found at the completion of the rental period.

10.         Warranty

10.1       The Lessor warrants that the Equipment shall substantially conform to its specification (as made available by the Lessor). The Lessor shall use reasonable endeavours to remedy, free of charge, any material defect in the Equipment which manifests itself provided that:

(a)          the Lessee notifies the Lessor of any defect in writing within ten Business Days of the defect occurring or of becoming aware of the defect;

(b)          the Lessor is permitted to make a full examination of the alleged defect;

(c)           the defect did not materialise as a result of misuse, neglect, alteration, mishandling or unauthorised manipulation by any person other than the Lessor’s authorised personnel;

(d)          the defect did not arise out of any information, design or any other assistance supplied or furnished by the Lessee or on its behalf; and

(e)          the defect is directly attributable to defective material, workmanship or design.

10.2       If the Lessee invokes the purchase option then Insofar as the Equipment comprises or contains equipment or components which were not manufactured or produced by the Lessor, the Lessee shall be entitled only to such warranty or other benefit as the Lessor has received from the manufacturer.

If the Lessor fails to remedy any material defect in the Equipment in accordance with clause 9.1, the Lessor shall, at the Lessee’s request, accept the return of part or all of the Equipment and make an appropriate reduction to the Rental Payments payable during the remaining term of the agreement and, if relevant, return any Deposit (or any part of it).

11.         Limitation of liability

11.1       The restrictions on liability in this clause 11 apply to every liability arising under or in connection with this agreement including liability in contract, tort (including negligence), misrepresentation, restitution or otherwise.

11.2       Nothing in this agreement limits any liability which cannot legally be limited including liability for:

(a)          death or personal injury caused by negligence;

(b)          fraud or fraudulent misrepresentation;

(c)           any matter in respect of which it would be unlawful for the parties to exclude or restrict liability.

11.3       Subject to clause 11.2, the Lessor’s total liability to the Lessee shall not exceed the total value of the Rental Payments due hereunder in any 12 month rolling period.

11.4       Subject to clause 11.2, the Lessor shall not be liable under this agreement for any:

(a)          loss of profits;

(b)          loss of sales or business;

(c)           loss of agreements or contracts;

(d)          loss of anticipated savings;

(e)          loss of use or corruption of software, data or information;

(f)           loss of or damage to goodwill; and

(g)          indirect or consequential loss.

11.5       Subject to clause 11.2, all implied terms and conditions as to the quality or performance of the Equipment and any other goods or services provided under this agreement are, to the fullest extent permitted by law, excluded from this agreement.

12.         Termination

12.1       Without affecting any other right or remedy available to it, the Lessor may terminate this agreement with immediate effect by giving written notice to the Lessee if:

(a)          the Lessee fails to accept delivery and in the event that temporary storage is required at either the Lessor or Lessees premises for a period in excess of 5 working days;

(b)          the Lessee fails to effect or maintain any of the insurances;

(c)           the Lessee fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 20 days after being notified in writing to make such payment;

(d)          the Lessee commits a material breach of any other term of this agreement which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a period of 20 days after being notified in writing to do so;

(e)          the Lessee repeatedly breaches any of the terms of this agreement in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this agreement;

(f)           the Lessee suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or (being a company or limited liability partnership is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986 (IA 1986) as if the words “it is proved to the satisfaction of the court” did not appear in sections 123(1)(e) or 123(2) of the IA 1986.;

(g)          the Lessee commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than (being a company) for the sole purpose of a scheme for a solvent amalgamation of the Lessee with one or more other companies or the solvent reconstruction of the Lessee;

(h)          the Lessee applies to court for, or obtains, a moratorium under Part A1 of the Insolvency Act 1986; a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of the Lessee (being a company, limited liability partnership or partnership) other than for the sole purpose of a scheme for a solvent amalgamation of the Lessee with one or more other companies or the solvent reconstruction of the Lessee;

(i)            an application is made to court, or an order is made, for the appointment of an administrator, or a notice of intention to appoint an administrator is given or an administrator is appointed, over the Lessee (being a company);

(j)           the holder of a qualifying floating charge over the assets of the Lessee (being a company) has become entitled to appoint or has appointed an administrative receiver;

(k)           a person becomes entitled to appoint a receiver over all or any of the assets of the Lessee or a receiver is appointed over all or any of the assets of the Lessee;

(l)            a creditor or encumbrancer of the Lessee attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of the Lessee’s assets and such attachment or process is not discharged within 14 days;

(m)         any event occurs, or proceeding is taken, with respect to the Lessee in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in clause 11.1(f) to clause 11.1(m) (inclusive);

(n)          the Lessee’s financial position deteriorates so far as to reasonably justify the opinion that its ability to give effect to the terms of this agreement is in jeopardy or

the Lessee suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business or

(o)          there is a change of control of the Lessee (within the meaning of section 1124 of the Corporation Tax Act 2010).

12.2       For the purposes of clause 12.1(d), material breach means a breach (including an anticipatory breach) that is serious in the widest sense of having a serious effect on the benefit which the Lessor would otherwise derive from:

(a)          a substantial portion of this agreement; or any of the obligations set out in clause 7, over the term of this agreement. In deciding whether any breach is material no regard shall be had to whether it occurs by some accident, mishap, mistake or misunderstanding.

12.3       This agreement shall automatically terminate if a Total Loss occurs in relation to the Equipment.

13.         Consequences of termination

13.1       On termination of this agreement, however caused:

(a)          the Lessor’s consent to the Lessee’s possession of the Equipment shall terminate;

(b)          the Lessor may, by its authorised representatives, without notice and at the Lessee’s expense, retake possession of the Equipment and for this purpose may enter the Site or any premises at which the Equipment is located; and

(c)           without prejudice to any other rights or remedies of the Lessee, the Lessee shall pay to the Lessor on demand:

(i)            all Rental Payments and other sums due but unpaid at the date of such demand together with any interest accrued pursuant to clause 4.4; and

(ii)           any costs and expenses incurred by the Lessor in recovering the Equipment or in collecting any sums due under this agreement (including any storage, insurance, repair, transport, legal and remarketing costs).

13.2       On termination of this agreement pursuant to clause 12.1, any other repudiation of this agreement by the Lessee which is accepted by the Lessor or pursuant to clause 12.3, without prejudice to any other rights or remedies of the Lessor, the Lessee shall (at the discretion of the Lessor) pay to the Lessor on demand a sum equal to the whole of the Rental Payments, calculated at the minimum standing charge of £2200 per week per HPU, that would (but for the termination) have been payable if the agreement had continued from the date of such demand to the end of the Rental Period.

13.3       The sums payable pursuant to clause 13.2 shall be agreed compensation for the Lessor’s loss and shall be payable in addition to the sums payable pursuant to clause 13.1(c). Such sums may be partly or wholly recovered from any Deposit.

13.4       Any provision of this agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry of this agreement shall remain in full force and effect.

13.5       Termination or expiry of this agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination or expiry.

14.         Force majeure

Neither party shall be in breach of this agreement nor liable for delay in performing, or failure to perform, any of its obligations under this agreement if such delay or failure results from events, circumstances or causes beyond its reasonable control. In such circumstances, the affected party shall be entitled to a reasonable extension of the time for performing such obligations. If the period of delay or non-performance continues for one month, the party not affected may terminate this agreement by giving 20 days’ written notice to the affected party.

15.         Confidential information

15.1       Each party undertakes that it shall not at any time during this agreement, and for a period of two years after termination or expiry of this agreement, disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party or of any member of the group of companies to which the other party belongs, except as permitted by clause 15.2.

15.2       Each party may disclose the other party’s confidential information:

(a)          to its employees, officers, representatives or advisers who need to know such information for the purposes of exercising the party’s rights or carrying out its obligations under or in connection with this agreement. Each party shall ensure that its employees, officers, representatives or advisers to whom it discloses the other party’s confidential information comply with clause 5; and

(b)          as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.

15.3       Neither party shall use the other party’s confidential information for any purpose other than to exercise its rights and perform its obligations under or in connection with this agreement.

16.         Assignment and other dealings

This agreement is personal to the parties and neither party shall assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any of its rights and obligations under this agreement.

17.         Entire agreement

17.1       This agreement constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.

17.2       Each party acknowledges that in entering into this agreement it does not rely on, and shall have no remedies in respect of, any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this agreement. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this agreement.

18.         Variation

No variation of this agreement shall be effective unless it is in writing and signed by the parties (or their authorised representatives).

19.         No partnership or agency

19.1       Nothing in this agreement is intended to, or shall be deemed to, establish any partnership or joint venture between any of the parties, constitute any party the agent of another party, or authorise any party to make or enter into any commitments for or on behalf of any other party.

19.2       Each party confirms it is acting on its own behalf and not for the benefit of any other person.

20.         Further assurance

Each party shall, and shall use reasonable endeavours to procure that any necessary third party shall, promptly execute and deliver such documents and perform such acts as may reasonably be required for the purpose of giving full effect to this agreement.

21.         Counterparts

21.1       This agreement may be executed in any number of counterparts, each of which shall constitute a duplicate original, but all the counterparts shall together constitute the one agreement.

21.2       Transmission of the executed signature page of a counterpart of this agreement by email (in PDF, JPEG or other agreed format) shall take effect as the transmission of an executed “wet-ink” counterpart of this agreement.

21.3       No counterpart shall be effective until each party has provided to the other[s] at least one executed counterpart.

22.         Third party rights

22.1       Unless it expressly states otherwise, this agreement does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this agreement.

22.2       The rights of the parties to rescind or vary this agreement are not subject to the consent of any other person.

23.         Notices

23.1       Any notice or other communication given to a party under or in connection with this agreement shall be in writing and shall be:

(a)          delivered by hand or by pre-paid first-class post or other next working day delivery service at its registered office (if a company) or its principal place of business (in any other case); or

(b)          sent by email to the address: accounts@geopura.com

23.2       Any notice or communication shall be deemed to have been received:

(a)          if delivered by hand, at the time the notice is left at the proper address;

(b)          if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second Business Day after posting; or

(c)           if sent by email, at the time of transmission, or, if this time falls outside business hours in the place of receipt, where business hours resume. In this clause 23.2(c), business hours means 9.00am to 5.00pm Monday to Friday on a day that is not a public holiday in the place of receipt.

23.3       This clause does not apply to the service of any proceedings or other documents in any legal action or, where applicable, any arbitration or other method of dispute resolution.

24.         Waiver

No failure or delay by a party to exercise any right or remedy provided under this agreement or by law shall constitute a waiver of that or any other right or

remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall prevent or restrict the further exercise of that or any other right or remedy.

25.         Rights and remedies

Except as expressly provided in this agreement, the rights and remedies provided under this agreement are in addition to, and not exclusive of, any rights or remedies provided by law.

26.         Severance

26.1       If any provision or part-provision of this agreement is or becomes invalid, illegal or unenforceable, it shall be deemed deleted, but that shall not affect the validity and enforceability of the rest of this agreement.

26.2       If any provision or part-provision of this agreement is deemed deleted under clause 25.1 the parties shall negotiate in good faith to agree a replacement provision that, to the greatest extent possible, achieves the intended commercial result of the original provision.

27.         Governing law

This agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the law of England and Wales.

28.         Jurisdiction

Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this agreement or its subject matter or formation.

This agreement has been entered into on the date stated at the beginning of it.