Confidential © Sievo 1(7) General Terms and Conditions Appendix 2 1 General These General Terms and Conditions of Sievo (the “General Terms”) shall apply to provision of the Application Software Service and any other products, services and related materials, documents and media by Sievo to the Customer except as otherwise explicitly agreed in the agreement (the “Agreement”) that incorporates these General Terms. 2 Definitions For the purpose of these General Terms and the Agreement, the following terms shall have the following meanings: “Additional Software Release” shall mean new software releases other than the enhancements released in accordance with Section 4.2, such as, but not limited to, new Module(s) to the Application Software Service. Modules of the Application Software as per the Effective Date are listed in the Agreement. “Affiliated Company” of a Party shall mean any entity that is (a) directly or indirectly controlling a Party, (b) under the same direct or indirect control as the Party, (c) directly or indirectly controlled by the Party for so long as such control lasts. For the purposes of this Agreement, “control” shall exist through direct or indirect ownership of more than 50% of the nominal value of the issued equity share capital and/or of more than 50% of the shares. “Agreement” is defined in Section 1 above. “Application Software” means Sievo Procurement Analytics Solution provided as Software-as-a-Service and related materials, documentation and media which includes, but is not limited to, any and all enhancements released in accordance with Section 4.2, new releases, new versions, additions, amendments, changes, enhancements, updates and/or other modifications. “Application Software Service” means the Module(s) of the Application Software subscribed by the Customer in the Agreement or otherwise, provided by Sievo as a service to the Customer over the public internet. “Annual Base Fee” means the annual base fee set out in the Agreement for each Module of the Application Software Service, as amended from time to time in accordance with this Agreement. “Annual Purchase Spend” means the Customer’s annual purchase spend excluding any invoices that are not considered as procurement spend (such as taxes, salaries). To determine what is considered as annual purchase spend, if Customer is using Spend Analysis module, the same spend numbers that are visible in reporting as categorized by Sievo’s applicable filters in force from time to time shall be used to determine Annual Purchase Spend, and in such a case only spend from integrated companies is considered. If Customer is not using Spend Analysis module, Parties shall agree on a process to review Annual Purchase Spend. “Annual Subscription Fee” covers the Application Software Service and is the Total Annual Base Fee adjusted by the Annual Purchase Spend as set out in Section 7 below and in the Agreement, subject to possibly applicable discounts. "Background IP“ means intellectual property (IP) owned or controlled by a Party prior to the effective date of this Terms and Conditions or that IP developed or acquired by a Party from activities independent of the services performed under this Terms and Conditions. “Confidential Information” shall include all information, data, document, material, substance and device disclosed to a Party by the other Party or disclosed by any Affiliated Company of a Party to the other Party or which the other Party has access or takes notice of during the execution of this Agreement. “Consulting and Integration Services” mean such implementation, integration and consulting services as may from time to time be agreed to be provided by Sievo to the Customer in a Work Order or otherwise in writing, and which may include developing an interface to a Customer’s IT-system, configuration of the Application Software Service according to the Customer’s needs, execution of training events, drafting of documentation, execution of general project management tasks and other implementation, integration and consultancy services. “Consumer Price Index” means Harmonized Index of Consumer Prices: All Items for Euro area (19 countries) (CP0000EZ19M086NEST), as available here: https://fred.stlouisfed.org/graph/?id=CP0000EZ19M086NEST. In case this index is discontinued, the Parties shall rely on another equivalent consumer price index to be separately agreed by the Parties in good faith. “Customer” is defined in Section 1 of the Agreement. “Customer Components” mean (a) any and all software files, configuration files, and other files that need to be deployed at users’ personal computers, (b) any other software components or configuration changes that need to be delivered within Customer’s firewall, and (c) all hardware equipment that is required within Customer’s firewall to operate the Application Software Service. “Customer’s Data” means any information or material submitted to the Application Software Service by the Customer or a third party acting on behalf of the Customer. “Delivery” means the services and the deliverables agreed to be delivered under a Work Order. “Effective Date” is defined in the Agreement. “Feedback” means any input, feedback, development ideas, proposals or other such concerning the Application Software Service or any other Sievo’s or its licensors’ products or services. “General Terms” is defined in Section 1 above. “Generic Support Services” mean services that are provided by Sievo to (i) correct errors in the Application Software Service and in other services provided by Sievo, (ii) correct mistakes made by the Customer, (iii) provide consultation for the Customer’s questions, and (iv) implement change requests, all Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo as described in more detail in Sievo’s Service Level Commitment.“Initial Term” is defined in Section 9.1 below. “Intellectual Property Rights” mean (a) any and all subject matter that is entitled to protection of rights under patent law, copyright law (including, but not limited to, economic and moral rights) and neighboring rights, trademark law (including common law protection), design patent or industrial design law, trade secret law and/or any other statutory provision or common law principle in any country, state or jurisdiction, including legal provisions governing the protection of confidential information and trade secrets, as well as any and all rights to make changes on them and to assign them to third parties with or without the right to reassign, and (b) all registrations and applications for registration of the subject matter identified in (a) above. “Module” means each of the modules of the Application Software Service and other related services provided by Sievo as listed in the Agreement and its Appendices. “Party” and “Parties” are defined in Section 1 of the Agreement. “Renewal Term” is defined in Section 9.1 below. “Service Package(s)” mean different service packages provided by Sievo on Support Services. “Sievo” and “Supplier” are defined in Section 1 of the Agreement. “Sievo Proprietary Data” means aggregated, statistical or other data and algorithms, models or derivative products developed, processed and maintained by Sievo and/or Sievo’s licensors and is based on information compiled by Sievo from various data sources, such as data anonymized/generalized pursuant to Section 8.2, data provided by Sievo’s licensors, and data derived from public sources. “SSSO” means Sievo Service and Support Organization. “Support Services” mean the Generic Support Services, and any other support service offered by Sievo from time to time. “Total Annual Base Fee” means the sum of Annual Base Fees of the Modules subscribed by the Customer. “Work Order” means each work order that may be concluded by the Parties for the provision of Consulting and Integration Services by Sievo to the Customer. 3 General Responsibilities of the Parties 3.1 Good Faith. Both Parties will act in good faith when performing their obligations under this Agreement. 3.2 General responsibilities of Sievo. Sievo undertakes to provide the Application Software Service and perform the Support Services and Consulting and Integration Services in accordance with the terms and conditions of this Agreement and with due care. All services provided under this Agreement will be provided by using Sievo’s working methods and tools. 3.3 General responsibilities of the Customer. The Customer undertakes to perform its obligations in conformity with this Agreement and with due care the tasks for which the Customer is responsible. The Customer shall furnish Sievo with correct, complete and current information and instructions at such times as Sievo may require to perform its obligations under this Agreement. 4 Application Software Service 4.1 Subscription. Subject to compliance with the terms of the Agreement by the Customer, and in particular subject to Customer’s timely payment of the fees set out hereunder, Sievo grants to the Customer a personal, limited, non-exclusive and non-transferable right to access and use the Application Software Service in accordance with the terms and conditions of this Agreement and any applicable laws, rules and regulations solely for the Customer’s and its Affiliated Companies’ internal use. The right is valid only during the term of this Agreement and it covers only the agreed Module(s). 4.2 Enhancements. Sievo shall continuously improve and develop the Application Software Service and therefore may release enhancements relating to such improvement and development work for Customer's use without additional charge, including configuration work to enable use of such enhancements in relation to Modules of the Application Software Service. For avoidance of doubt, any configuration work shall include configuration work related to customizations developed for the Customer. New enhancements shall be communicated in writing via a newsletter (to which the Customer can subscribe to) by Sievo to Customer. 4.3 Additional Software Releases. Additional Software Releases may be developed and released by Sievo at its sole discretion. Unless otherwise explicitly agreed in relation to a specific Additional Software Release(s), the Additional Software Releases are not deemed to be included in the Application Software Service nor the Application Software and are not thus covered by this Agreement. 4.4 Service Level and Storing of Historical Data. Sievo shall provide the Application Software Service in accordance with the Sievo’s Service Level Commitment. Sievo is responsible for monitoring that the Application Software Service is operational and accessible and when that is not the case, on informing the Customer on the failure without undue delay after Sievo becomes aware of the failure. Sievo has the right to take Customer’s historical data offline from the Application Software, albeit ensuring that at all times at least current year and three (3) full previous year’s data is available. Furthermore, Sievo is entitled to delete any Customer’s Data stored in Sievo’s offline back-up data after three (3) years has passed from removing such Customer’s Data from the Application Software. However, before taking Customer’s data offline and deleting the data relating to the CO2 Module (I.e. the relevant CO2 emission and other necessary data) Sievo shall always inform the Customer and upon request of the Customer send to Customer such data in electronic machine-readable format (excel or csv) without additional cost. 4.5 The Server and the Customer Components. To access the Application Software Service, the Customer is responsible for acquiring, installing, configuring, maintaining, and disposing all Customer Components, specified by Sievo by the time of Customer subscription. 4.6 Backups. Sievo shall be responsible for maintaining backup data necessary to replace the Customer data in the event of Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo loss and/or damage to such data from any cause. Sievo shall store back-up data at such intervals as is described in Sievo’s Information Security Commitment. 4.7 Data Security and Data Privacy. The Customer accepts the security of the Application Software Service on such level as is set out in Sievo’s Information Security Commitment. In case the Customer discovers a data breach or vulnerability in the Application Software Service or other services provided by Sievo, the Customer shall not exploit or otherwise take advantage of the breach or vulnerability and undertakes to notify Sievo of such breach or vulnerability without delay. Sievo shall process the Customer’s personal data in accordance with the Appendix 1 (Data Processing Agreement), as amended in accordance with Section 13.8. Sievo may use sub-processors in processing the Customer’s personal data as detailed at https://hub.sievo.com/personal-data-sub-processors. 5 Support Services 5.1 The SSSO. Sievo provides the Customer with services and support related to the Application Software Service via the SSSO in accordance with this Section 5 and Sievo’s Service Level Commitment. The SSSO shall act as the primary point of contact for the Customer on all questions and issues. Sievo shall record a case for each service request that the Customer initiates with the SSSO. The SSSO shall resolve each case in accordance with the case resolution process described in Sievo’s Service Level Commitment. 5.2 Complex Service Requests. If Parties conclude that a certain service request is too complex to be managed as a single case, Parties may agree to implement the service request as a separate Consulting and Integration Service project in a Work Order, subject to the terms and conditions of Section 6 (Consulting and Integration Services). 5.3 Generic Support Services. Sievo provides Generic Support Services in accordance with Sievo’s Service Level Commitment in consideration of the fees set out in Agreement. 5.4 Use of Partner Data Enrichment Services. The services or products provided to the Customer under the Agreement may contain or function together with external data source and/or enrichment services provided by third party service providers detailed at https://hub.sievo.com/partner-data-enrichmentservices from time to time. Such external data source and/or enrichment services, such as translation services, shall be subject to the terms and conditions applicable from time to time to such external data source and/or enrichment services. Sievo shall not be responsible or liable for external data sources and/or enrichment services. In the case that a third party service provider changes the API (Application Programming Interface) related to external data source and/or enrichment services, Sievo shall as soon as practically reasonable change its services so that the revised API can be used. In the case that the third party service provider shall (i) cancel an external data source and/or enrichment service, (ii) substantially change the nature of such service, and/or (iii) substantially change the pricing of such service, Sievo shall look for alternative solutions for providing similar services, and if no such option is reasonably available, Sievo shall have the right to stop providing such external data source and/or enrichment services and based functionalities. 6 Consulting and Integration Services 6.1 General. The Parties may from time to time agree on the provision of Consulting and Integration Services by Sievo to the Customers to complement the Application Software Service and the Support Services. The terms and conditions of this Section 6 apply to the provision of Consulting and Integration Services. 6.2 Work Orders. Each Consulting and Integration Service request shall be implemented as a separate project which is agreed upon in a Work Order entered into by the Parties. Each Party’s authorized representative shall have the authority to conclude Work Orders on behalf of the respective Party and to agree on changes to the Work Orders. Each Work Order Plan shall at the minimum set out the scope and specifications of the Consulting and Integration Services to be provided by Sievo, and description of deliverables where applicable, and time schedule applicable to the project and the Work Order. Unless agreed by the Parties in the Work Order, Sievo’s fees and costs for the Consulting and Integration Services provided thereunder shall be set out in Agreement. 6.3 General Obligations. Each Party shall contribute to the implementation of a project under a Work Order with respect to the factors that are under the command and/or control of that Party. Each Party undertakes for its own part to make without delay the decisions necessary to implement the Project. Each Party shall assign to the project carried under a Work Order required personnel resources and reserve sufficient working time for them to perform the agreed tasks. 6.4 Acceptance Test. The Customer shall perform the acceptance test on the Delivery within 30 days from the Customer’s receipt of the Delivery. The Delivery shall be deemed accepted, when (a) the time reserved for the acceptance test has elapsed and the Customer has not notified Sievo of errors or deficiencies in the Delivery preventing its acceptance; (b) the Customer has accepted the Delivery in writing; or (c) the Customer takes the Application Software Service or other part of the Delivery into production use, whichever occurs first. The Customer shall immediately inform Sievo in writing of all errors and deficiencies detected in the Delivery during the acceptance test. Errors or deficiencies which do not materially interfere with the use of the Delivery shall not prevent the acceptance of the Delivery. However, Sievo shall without undue delay remedy such errors or deficiencies after acceptance. 6.5 Delay. If a Party finds that a delay will occur or is likely to occur, such Party shall without a delay inform the other Party in writing of the delay and of the effects of the delay on the project carried out under a Work Order. The Customer shall be entitled to liquidated damages if the acceptance of the Delivery is delayed due to a reason directly attributable to Sievo. The liquidated damages shall be calculated on the basis of one percent (1%) of the price of the delayed part of the Delivery for each ending week of delay. The maximum amount of liquidated damages shall not exceed the total amount paid under a Work Order. The Customer shall not be entitled to liquidated damages on the basis of such deficiencies or errors in the Delivery that do not prevent its acceptance. Each Party’s liability for any delays in delivery shall be limited to this Section 6.5. Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo 7 Fees and Payment Terms 7.1 Annual Subscription Fee and Other Fees. Unless agreed by the Parties in the relevant Work Order and Subscription Agreement, Sievo’s fees and costs, including Total Annual Base Fee and Sievo’s fees for the Support Services and the Consulting and Integration Services, for the work and services provided thereunder shall be set out in Agreement. The Annual Subscription Fee is the Annual Base Fee adjusted on the basis of the Annual Purchase Spend from the 12 months preceding the date 60 days before the date of the invoice in accordance with the tiers set out in the Agreement. The Annual Subscription Fee is reviewed every time when the fee is invoiced. For example, if an invoice is dated 13 October 2021, the Annual Purchase Spend from August 15 2020 until August 14 2021 is used to determine changes (if any) in the Annual Subscription Fees. If Customer is using Spend Analysis module, the latest rolling 12 months spend number that is visible in Sievo on the date 60 days before the date of the invoice shall be used to determine Annual Purchase Spend. The Annual Purchase Spend and any adjustments in the Annual Subscription Fee will be informed by Sievo to Customer in reasonable advance prior to invoicing. A change in the Annual Subscription Fee based on the Annual Purchase Spend shall not take effect retroactively. If additional Module(s) are added to the scope of the Application Software Service, the Annual Base Fee(s) of the added Module(s) set out in Sievo’s then current price list shall be added to the Total Annual Base Fee and the Annual Subscription Fee will be increased accordingly. 7.2 Taxes. The fees and prices are exclusive of VAT, withholding tax, and other similar taxes or public charges. When applicable, VAT, sales tax, withholding tax and other similar taxes and public charges shall be added to Sievo’s invoice in accordance with the applicable legislation. If the Customer is responsible for any taxes and charges which may be levied, assessed or imposed on the use or delivery of the Application Software Service, the Support Services or the Consulting and Integration Services the Customer is not entitled to deduct these taxes and charges from the fees and prices payable to Sievo. VAT, withholding tax and other similar taxes and public charges payable are subject to any changes in taxes or other public charges. 7.3 Payment Schedule for the Annual Subscription Fee. The Annual Subscription Fee for the Initial Term will be invoiced at the dates set out in the Subscription Agreement. The Annual Subscription Fee for the first year of each Renewal Term will be invoiced at the first day of each the Renewal Term since the renewal is expressly confirmed by Customer by the placement of a new purchase order. The Annual Subscription Fee for each consequent year of the Renewal Term (if any) will be invoiced on each anniversary of the respective Renewal Term. Sievo shall invoice the fee for each year’s Service Package, when applicable, together with the Annual Subscription Fee for the same invoicing period. 7.4 Payment Schedule and Reporting for Generic Support Services. Fees for the Generic Support Services are invoiced at the beginning of each calendar month based on Generic Support Services completed during previous calendar month. When the Customer accepts a resolution of a case, the Customer at the same time accepts the performance and delivery of the Generic Support Services in relation to such case and no separate acceptance for the hours is required. Should the Customer fail to reply to a case resolution confirmation within time frame defined in Sievo’s Service Level Commitment (set out in the table in section 5.1.1 of the SLA (https://hub.sievo.com/service-level-commitment-eu#caseresolution)), the case shall be deemed as accepted by the Customer. Sievo shall make available to the Customer a report of cases resolved during previous calendar month and accepted by the Customer, which report shall include relevant case attributes as well as Sievo’s fees. Should the Customer disagree with Sievo’s fees, Sievo and the Customer will jointly negotiate on the appropriate course of action. 7.5 Payment Schedule for Consulting and Integration Work and Achievements of Milestones. Any fees that are related to the achievement of milestones are invoiced when the Delivery for a milestone has been accepted. 7.6 Payment Terms, Purchase Order References. Unless otherwise indicated by Sievo on the invoice, the Customer shall ensure that payment in full is received by Sievo within sixty (60) days from the date of the payment baseline date. The payment baseline date is the date when invoice has been sent, except for the time based invoices where the payment baseline date is the last date of the month during which the time has been accumulated. Sievo may impose a late payment charge of three percent (3%) per annum and eventual expenses of judicial collection effectively incurred. Sievo shall include purchase order and/or contract number references to all invoices as per the Customer’s request and instructions provided that the Customer has made such requests by applicable invoicing date. For avoidance of doubt, Sievo may not invoice the Customer without the purchase order number references to be provided by the Customer, which shall be provided to Sievo by the Customer without undue delay. 7.7 Costs and Expenses. Sievo shall be entitled to charge the travel and accommodation separately based on realized costs documented by receipts, since previously approved by Customer. Sievo shall not be entitled to charge any costs related to entertainment. All travel shall be agreed with Customer in advance. Sievo shall follow Customer’s travel policy, if such has been supplied to Sievo. In the event of on-site work, since previously aligned and approved in written by Customer, Sievo shall be entitled to charge daily allowances for Sievo’s personnel based in Finland required to travel in connection with this Agreement. The daily allowances shall be charged in accordance with the Per Diem rates and regulations set by the Finnish Tax Authority. For Sievo’s personnel based outside of Finland, such as the United States, Sievo may charge daily allowances based on applicable regulations such as IRS per diem rates or alternatively charge reasonable meal and incidental expenses. Sievo will confirm the applicable per diem rates upon invoicing the travel costs. (For reference purposes only the further details on Finnish per diem daily allowance rates may be available from time to time in English at the Finnish Tax Authority’s website: https://www.vero.fi/en/). Travel costs shall be invoiced on a calendar monthly basis at the end of each calendar month. 7.8 Changes in Fees. Sievo has the right to increase all prices by seven and a half (7.5%) percent for the first Renewal Term. After the first Renewal Term, Sievo has the right to increase all prices by a percentage amount equal to the increase in the Consumer Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo Price Index over the preceding twelve (12) month period for any subsequent Renewal Term(s). 8 Intellectual Property Rights 8.1 General. The title and all Intellectual Property Rights in and to the Application Software, Application Software Service, Sievo Proprietary Data and any related materials, documentation, information and media, including, but not limited to, any and all enhancements released in accordance with Section 4.2, Additional Software Releases, and other modifications, as well as to any results of the Support Services and the Consulting and Integrations Services, shall at all times exclusively belong to and be retained by Sievo and/or its licensors. For sake of clarity, no Intellectual Property Rights to the Background IP of a Party shall be transferred to the other Party. Sievo provides to Customer a non-exclusive, worldwide and fully paid up right and license to use the reports extracted from the Application Software with embedded Customer Data to Customer internal business purposes. 8.2 Customer’s Data. The Customer retains the title and all Intellectual Property Rights in and to the Customer’s Data. The Customer grants Sievo a non-exclusive, non-transferable, royalty-free right to (a) use the Customer’s Data for the purposes of providing the Application Software Service to the Customer; and (b) to prepare datasets, models and information separate from the Customer’s Data by anonymizing/generalizing Customer’s Data (such separate datasets, models and information forming part of Sievo Proprietary Data) and to use such data to develop algorithms, models or derivative products, provided that such activities ensure the ongoing security and confidentiality of the Customer’s Data. 8.3 Feedback. In the event the Customer, at its sole discretion, provides to Sievo any Feedback, Sievo shall have a royalty-free right to use the Feedback for its product development purposes. 9 TERM AND TERMINATION 9.1. Term. This Agreement will become effective at the Effective Date defined in the Subscription Agreement. The initial term of this Agreement the period from the Effective Date until 31.5.2027(the “Initial Term”) and the Agreement may be renewed for successive one-year periods (each a “Renewal Term”) upon placement by Customer of a new Purchase Order (and acceptance of such Purchase Order by Sievo) prior to the end of the Initial Term (or any Renewal Term, as applicable) between the Parties, unless this Agreement is terminated in accordance with this Section 9. 9.2 Termination. Each Party shall have the right to terminate (completely or on module basis) this Agreement to expire at the end of the Initial Term or any Renewal Term by providing at least six (6) months prior written notice to the other Party before the expiry of the Initial Term or any Renewal Term. All Work Order(s) concluded under this Agreement shall survive such termination for the terms specified therein unless otherwise agreed by the Parties. 9.3 Termination due to Force Majeure. If the fulfillment of a Party’s obligations under this Agreement is delayed for more than three (3) months due to a Force Majeure Event, either Party shall have the right to terminate the Agreement without either Party having the right to claim damages for such termination. 9.4 Termination or Suspension due to Insolvency or Breach. Either Party shall have the right to terminate this Agreement with immediate effect, in whole or in part, upon written notice to the other Party, if the other Party (a) is declared bankrupt, is put into liquidation or it otherwise ceases with its payments, and/or (b) commits a material violation of the terms and conditions of this Agreement, which includes any breach that significantly affects the fulfillment of the contract’s fundamental purposes, and, where material breach is remediable, does not remedy such breach within thirty (30) days of the written notice. Sievo may suspend the Application Software Service and its performance of this Agreement or any or all of the Work Order(s) without any liability if a payment has fallen due under this Agreement and it has not been paid by the Customer within sixty (60) days from due date. Sievo shall resume the Application Software Service and the performance after the Customer has paid all due amounts to Sievo. 9.5 Effects of Termination. Upon cancellation, expiry or termination of this Agreement, the Customer shall remove and delete all copies Sievo software components (if any) from its network infrastructure. Upon cancellation, expiry or termination of this Agreement Sievo shall not be obligated to return any fees or amounts paid by the Customer to Sievo before the cancellation, expiry or termination, unless the cancellation, expiry or termination of this Agreement is attributable to Sievo (I.e. in the situation that the cancellation or termination of this Agreement is due to tort, wilful misconduct or negligence by Sievo, in which case Sievo shall refund on pro rata basis any advance payments made by the Customer for services not yet provided within fourteen (14) days from the termination or cancellation event). In the case of cancellation, expiry or termination of this Agreement, Sievo shall at Customer’s request provide Customer with the Customer’s Data, unless otherwise required by applicable legislation or regulation, and other reasonable termination assistance. Sievo shall be entitled charge for the provision termination assistance in accordance its applicable rates, which in any case shall be previously approved by Customer. 9.6 Survival. The Sections 8.2, 10, 11, 12 and the terms and conditions of this Agreement, which are meant to be in force after the cancellation, expiry or termination of this Agreement, shall survive the cancellation, expiry or termination of this Agreement. 10 Limitations of Liability, No Warranty 10.1 General. The maximum liability for damages of a Party towards the other Party based on this Agreement shall not, excluding possible liquidated damages payable due to delay in accordance with Section 6.5 above, exceed in aggregate 100 % of the of the aggregated Annual Subscription Fee paid by Customer during the Initial Term. With respect to damages caused by a breach of confidentiality or data protection obligations such as breach of Appendix 1 (Data Processing Agreement), the maximum liability for damages of a Party towards the other Party shall not exceed in aggregate 500 % of the of the Annual Subscription Fee. Neither Party shall be liable for any indirect or consequential damage. Indirect or consequential damage include among others loss of profits or Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo business or damage or loss caused as a result of interruptions in business. 10.2 Exclusions. The limitations of liability shall not apply to damages caused by wilful conduct or gross negligence, infringement of intellectual property rights, to Sievo’s liability under Section 11 (Intellectual Property Rights Indemnification) below or breach by either Party of its obligations under Section 12 below. 10.3 No Warranty. Customer accepts that except as otherwise expressly agreed in the Agreement, the Application Software Service, the Support Service, the Consulting and Integration Services and any other products and services provided by Sievo under the Agreement are provided on “as is” and “as available” basis. Except as otherwise expressly agreed in the Agreement, Sievo makes no warranties, express or implied, and expressly disclaims any implied and express warranties and conditions of non-infringement, correctness, availability, merchantability, and fitness for particular purpose. 11 Intellectual Property Rights Indemnification Sievo warrants that the Application Software does not infringe any intellectual property right enforceable. Sievo shall at its own expense defend and indemnify the Customer against claims and actions that the Application Software Service infringes an intellectual property right of a third party, provided that the Customer notifies Sievo promptly in writing of such claims, and permits Sievo to defend or settle the claims, and gives Sievo all reasonable information and assistance available. If it is established that, or if in the justified opinion of Sievo, the Application Software Service infringes an intellectual property right of a third party, Sievo shall at its own expense either (i) obtain the right to use of the Application Software Service for the Customer, (ii) substitute the Application Software Service with another product providing the same functionalities, including eventual customizations and/or (iii) modify the Application Software Service in order to eliminate the infringement, maintaining the same functionalities and customizations acquired by Customer. If none of the abovementioned alternatives is available to Sievo on reasonable terms, the Customer shall, at the request of Sievo, stop immediately using the Application Software Service, and Sievo shall credit the Annual Subscription Fee paid by the Customer for the Application Software Service less the proportion of the price corresponding to the actual time of use. Sievo shall, however, not be liable to Customer if the claim results from the use of the Application Software Service in combination with any data, product or software not supplied by Sievo, except if otherwise agreed in Work Orders. This Section 11 states the entire liability of Sievo and/or any of its affiliate companies and the Customer’s sole and exclusive remedies for an infringement of intellectual property rights. 12 Confidentiality 12.1 General. Each Party agree to regard and preserve as confidential and secret, and the Confidential Information received from the other Party, and may not use such Confidential Information for any other purposes than those set forth in the Agreement and only to the extent necessitated by the Agreement. Each Party shall have the right to disclose the said material and information to its employees, subcontractors and/or advisors only on a need-to-know basis provided, however, that they are obligated to keep the Confidential Information in confidence and may not use them for any other purpose than the purpose of this Agreement. Sievo Proprietary Data and Modules constitutes Sievo’s (or as applicable, its licensors’) valuable trade secret and shall be treated confidential. The confidentiality obligation shall remain in effect worldwide and perpetual, also after the termination of this Agreement, unless to the extent that Confidential Information (i) is generally available or otherwise public, (ii) was received from a third party without any obligation of confidentiality, (iii) was in the possession of the receiving Party prior to receipt of the same from the other Party without any obligation of confidentiality related thereto, (iv) has been developed independently without using material or information received from the other Party, and/or (v) which a Party shall disclose pursuant to a law, decree or other order issued by the authorities or a judicial order, provided, however, that the Receiving Party has first given immediate notice to the Disclosing Party and has made a reasonable effort to obtain a protective order or other remedy from the court or tribunal that the information so disclosed is used only for the purposes for which the order was issued. 12.2 Residuals. However, each Party’s representatives shall be entitled to use the professional skills and experience acquired in connection with the delivery of the Application Software Service, the Support Services and the Consulting and Integration Services, since the professional skill or experience acquired does not constitute an infringement to sections 11 and 12 of this Agreement. 13 Miscellaneous 13.1 Force Majeure. Except for payment obligations, neither Party will be liable for failure to fulfil its obligation under this Agreement due to Force Majeure Events. The word “Force Majeure Event” means any circumstances beyond the reasonable control of either Party which he cannot reasonably be deemed to have contemplated at the time of the conclusion of the Agreement and the consequences of which he could not reasonably have avoided or overcome, including but not limited to accident, explosion, fire, storm, earthquake, flood, drought, the elements, strikes, lockouts, labour disputes, riots, sabotage, terrorist acts, civil war or revolution, war, failure or delay of transportation, the bankruptcy of any supplier, acts of governments and their agencies, and governmental or their agencies’ laws, regulations, rules, orders and decrees, or other legislative, administrative or judicial mandates. A Force Majeure Event suffered by a subcontractor of a Party shall also discharge such Party from liability, if subcontracting from other source cannot be made without unreasonable costs or significant loss of time. The Party whose performance is affected shall promptly advise the other Party in writing of any Force Majeure Event as well as of its termination. 13.2 Subcontractors. Each Party shall have the right to subcontract its obligations under this Agreement. Each Party shall ensure that his subcontractor shall comply with the confidentiality provisions specified in Section 12. Each Party shall be liable for the work of its subcontractor as for its own. 13.3 Assignment. Neither Party may assign or transfer the rights or obligations created through this Agreement without the prior written consent of the other Party. However, (a) the Parties shall be entitled to assign its receivables under this Agreement Appendix 2 General Terms and Conditions March 1, .2022 Confidential © Sievo to a third party, and (b) the Parties may assign this Agreement and its rights and obligations under this Agreement to Affiliated Company of the respective Party and to a company to whom the respective Party’s business or its part is transferred. 13.4 Language, Notices. The governing language of this Agreement and future communications shall be English. Notices required under this Agreement shall be deemed sufficient if made in writing and delivered personally (with an initialled dated receipt), by registered mail (with return receipt requested), or by e-mail (with return receipt) to the other Party at the address shown in the beginning of this Agreement or at that Party’s last known address. The Parties undertakes to notify each other of any event of change in its address. 13.5 Severability. Each paragraph and provision of this Agreement is severable, and if one or more paragraphs, provisions or sections are declared invalid or unenforceable, the remaining provisions of this Agreement will remain in full force and effect, and if any provision is inapplicable to any person or circumstance it shall nevertheless remain applicable to all other persons and circumstances. The Parties undertake to negotiate in good faith for the replacement of such provision with a valid and enforceable provision. The failure of the Parties to reach an agreement on a replacing provision shall not affect the validity of the remaining part of this Agreement. 13.6 No Waiver. Any failure or delay by either Party in exercising any right or remedy will not constitute a waiver. No waiver of any term or condition of this Agreement or of any right or remedy arising in connection therewith shall constitute a continuing waiver. 13.7 No Agency. Nothing in this agreement shall be construed as creating a partnership, agency, joint venture or any legal entity between Sievo and the Customer. Sievo is not acting as a representative or agent of any of the Parties with respect to the Application Software Service. 13.8 Amendments. Except to the extent otherwise explicitly provided in this Agreement, no modification of this Agreement will be valid unless in writing and signed by a duly authorised representative of both Parties. Notwithstanding the foregoing, Sievo shall continuously improve and develop the Application Software Service. Sievo may amend from time to time Sievo’s Information Security Commitment (https://hub.sievo.com/information-security-commitment), Service Level Commitment (https://hub.sievo.com/servicelevel-commitment-eu), information on Partner Data Enrichment Services (https://hub.sievo.com/partner-dataenrichment-services) and information on Personal Data Subprocessors (https://hub.sievo.com/personal-data-subprocessors) by notifying the Customer of any substantial amendments in writing thirty (30) days prior the effective date of the amendment. If the Customer does not accept the amendment, the Customer shall be entitled to terminate this Agreement on the effective date of the amendment by notifying Sievo in writing before the effective date of the amendment. 13.9 Governing Law and Dispute Resolution. This Agreement shall be governed by the laws of Switzerland only, excluding the United Nations Convention on Contracts for International Sale of Goods. All disputes arising between the parties, whether in connection with this agreement or otherwise, shall be exclusively resolved by the ordinary courts of Basel-Stadt, Switzerland. 13.10 Export and Other Restrictions. The Customer will not provide any products (including access to the Application Software Service) or any technical information obtained from Sievo to any person, firm, company or governmental entity when the Customer knows, or has reason to believe, that the supply might indirectly or directly lead to a contravention of the laws or regulations of Finland and the European Union, the federal, state or municipal laws or regulations of the United States of America or the country of origin of the product applicable to the export, supply or use of goods, services or technology. Sievo may suspend the Application Software Service and its performance of the Agreement or any or all of the Work Order(s) should there be a contravention or a threat of contravention of the foregoing laws or regulations. 13.11 Reference. Sievo shall have the right to propose reference calls with Customer as well as invite Customer to participate in events to share its perception on the products. // END OF GENERAL TERMS AND CONDITIONS //