Terms and Conditions - Unless agreed in writing to the contrary the following terms and conditions shall apply to all transactions with Ben Cave Associates Ltd “BCA” means Ben Cave Associates Ltd “The Client” means the purchaser of BCA’s services. 1. BCA shall provide services to the Client subject to these terms and conditions 2. The Parties shall agree the time and place for performance of the services, subject to the availability of BCA's staff and agents. 3. BCA shall use reasonable endeavours to complete the services by any agreed timescale or meet such other dates as are agreed by the Parties. Time shall not be of the essence for any times for when the services are to be performed, whether given or agreed to by BCA; or for the length of time that any of the services are to take, whether specified in writing or otherwise; or for the production of the final report or such other date as is agreed by the Parties. 4. The time for payment of the fee for BCA’s services shall be as agreed between the parties or within 14 days of BCA’s invoice date. Unless agreed otherwise the fee is exclusive of VAT and other taxes which shall, where applicable, be due at the rate in force on the date of BCA’s invoice. 5. If the Client fails to make any payment on the due date then, without prejudice to any of BCA's other rights, BCA may suspend or cancel work or delivery of any services, reports or other material due to the Client and BCA shall not be obliged to comply with any of its obligations under the agreement until full payment is made. The time for payment shall always be of the essence. Late or non payment of any sum shall constitute a material and fundamental breach of the agreement. 6. Interest on unpaid sums shall accrue from the date when payment becomes due from day to day until the date of full payment at a rate of 10% above the Bank of England's base rate from time to time in force and shall accrue at such a rate after as well as before any judgment, provided that BCA may at its election claim statutory interest and/or compensation pursuant to the Late Payment legislation in the alternative. 7. The Client may not withhold payment of any amount due to BCA by reason of any right of set off or counter claim which the Client may have or alleges to have for any reason whatsoever. 8. For work undertaken by BCA which falls outside the scope of any agreed services, in addition to any cost or expenses which may be incurred by BCA, the Client agrees to pay BCA for work undertaken on a time charge basis at BCA’s current hourly rates (exclusive of VAT), available upon request. 9. The Client acknowledges and agrees that for BCA to be able to provide the services the Client shall co-operate with BCA as BCA reasonably requires, provide to BCA such information and documentation as BCA reasonably requires, make available to BCA the facilities, resources, working space and staff as has been agreed and/or as BCA reasonably requires from time-to-time; and instruct the Client's staff and agents to co-operate and assist BCA. 10. BCA may charge the Client for any additional reasonable costs and expenses incurred by BCA caused by the Client's instructions, failure to provide instructions, or failure to comply with its obligations. 11. Where required to provide reports, BCA shall supply one copy to the Client. Subject to any agreement to the contrary, BCA grants to the Client a non-exclusive licence (without the right to sub-licence) to reproduce a report for the stated purpose for which it was obtained. BCA shall own all copyright, database and other intellectual property rights in any reports. 12. No copyright work which the Client has been licenced to reproduce may be sold, sublicenced or given away to any third party whether or not for gain. The Client shall not seek to profit from any use of the copyright work, mislead or impose or create any liability on BCA, devalue any reports or any other of BCA’s work or damage or conflict with the good name and reputation of BCA. The Client shall not assert any claim as 204046/0001/000432956/Ver.01 1 13. 14. 15. 16. 17. 18. 19. proprietor, author or owner of any right, title or interest and recognises BCA’s title to the copyright work and shall promptly call to the attention of BCA any use of any of copyright work by any other person or activity of any person which may or does amount to infringement or is not compliant with any other terms that may have been prescribed. BCA asserts its right to be identified as the author of the reports and the Client shall include the name of BCA (and/or whomever BCA notifies the Client to include) and a notice to such effect with due prominence on the reports, howsoever reproduced. The Client acknowledges that the reports are the exclusive property of BCA, and that it will not assert any claim of ownership to the reports, or to the goodwill or reputation thereof, by virtue of the Client's use of the reports, or otherwise. BCA is the registered proprietor and owner of a number of Trade Marks, Trade Names, domain names and Logos, (“Trade Marks”). Trade Marks of which BCA is the proprietor, owner or registered user may not be used without its prior written permission. Any use of any Trade Mark must not damage or be likely to damage the goodwill in any Trade Mark, be misleading and must not impose or create any liability on BCA, devalue any Trade Mark or damage or conflict with the good name and reputation of BCA, bring any Trade Mark into disrepute in any way whatsoever and none of the Client's activities or activities of persons under their control are or will be harmful to the activities of BCA. The Client undertakes not to apply to register or otherwise seek to obtain any trade mark which are or may in BCA's view be identical or confusingly similar to any Trade Mark (which includes domain or other names) without the prior written consent of BCA. The Client shall not at any future time register or use any of the Trade Marks in its own name as proprietor. The Client recognises BCA's title to the Trade Marks and shall not claim any right title or interest in the Trade Marks or any of them. The Client shall promptly call to the attention of BCA any use of any of the Trade Marks by any person or any activity of any person which may or does amount to infringement and/or passing off. The Client shall hold all goodwill and any other intellectual property rights generated by its use of any of the Trade Marks as bare trustee for the benefit of BCA and shall do all such things necessary to ensure any goodwill or intellectual property rights are transferred or assigned absolutely to BCA. Confidential information (whether provided in writing or orally) is that which by its nature is confidential to either or both of the parties (whether commercial, financial, technical or otherwise) including any information that would be regarded as confidential by a reasonable business person, information relating to the business, affairs, trade secrets, customers, clients, suppliers, plans, intentions, or market opportunities of the disclosing party or of any member of the group of companies to which the disclosing party belongs and the operations, processes, product information, know-how, designs, trade secrets or software of the disclosing party (or of any member of the group of companies to which the disclosing party belongs). Each party shall keep the confidential information of the other party confidential and secret, whether disclosed to or received by the receiving party. The receiving party shall only use the confidential information of the supplying party for performing the receiving party's obligations under the agreement. The receiving party shall inform its officers, employees and agents of its obligations, and ensure that the receiving party's officers, employees and agents meet the obligations. The obligations in respect of confidential information shall not apply to any information which was known or in the possession of the receiving party before it was provided to the receiving party by the supplying party; is, or becomes, publicly available through no fault of the receiving party; is provided to the receiving party without restriction or disclosure by a third party, who did not breach any confidentiality obligations by making such a disclosure; was developed by the receiving party (or on its behalf) who had no direct access to, or use or knowledge of the confidential information supplied by the supplying party; or is required to be disclosed by order of a court of competent jurisdiction. 204046/0001/000432956/Ver.01 2 20. BCA will use reasonable care and skill in performing the services and to a standard which conforms to generally accepted industry standards and practices. 21. BCA expressly does not warrant that any result or objective whether stated or not shall be achieved, be achievable or be attained at all or by any date. 22. Except in the case of death or personal injury caused by BCA's negligence, BCA's liability under or in connection whether arising in contract, tort, negligence, breach of statutory duty or otherwise howsoever, shall not exceed the fee paid to BCA. 23. BCA shall not be liable to the Client in contract, tort, negligence, breach of statutory duty or otherwise for any loss, damage, costs or expenses of any nature whatsoever incurred or suffered by the Client of an indirect or consequential nature including without limitation any economic loss or other loss of turnover, profits, business or goodwill. 24. The Client shall indemnify and hold harmless BCA from and against all claims and losses arising from loss, damage, liability, injury to BCA, including its officers and employees or consultants and third parties, infringement of third party intellectual property, or third party losses arising in consequence of any breach by the Client or arising out of any information supplied to the Client by BCA, its officers, employees or consultants, or supplied to BCA by the Client. 'Claims' shall mean all demands, claims, proceedings, penalties, fines and liability (whether criminal or civil, in contract, tort or otherwise), and 'Losses' shall mean all losses including without limitation financial losses, damages, legal costs and other expenses of any nature whatsoever. 25. The Client acknowledges that, in instructing BCA it has not done so in reliance on any representation or warranty, and any conditions, warranties or other terms implied by statute or common law which the Client may seek to rely on are excluded from the agreement to the fullest extent permitted by law. Nothing in the agreement excludes liability for fraud. 26. Without prejudice to other remedies or rights, either party may terminate the relationship at any time by giving written notice to the other party ('Other Party') and the notice taking effect as specified in the notice: • if the Other Party is in material breach of an obligation, and where a breach is capable of remedy, the breach is not remedied with in 30 days by the Other Party receiving notice which specifies the breach and requiring the breach to be remedied; or • if the Other Party becomes insolvent or if an order is made or a resolution is passed for the winding up of the Other Party (other than voluntarily for the purpose of solvent amalgamation or re-construction), or if an administrator, administrative receiver or receiver is appointed in respect of the whole or any part of the Other Party's assets or business, or if the Other Party makes any composition with its creditors or takes or suffers any similar or analogous action in consequence of debt. 27. All terms that are necessary to give effect to those Clauses shall survive termination or expiry of the agreement. 28. Neither party shall have any liability under or be deemed to be in breach for any delays or failures in its performance which result from circumstances beyond the reasonable control of that party, namely fire, flood, earthquake, windstorm or other natural disaster; war, threat of or preparation for war, armed conflict, imposition of sanctions, embargo, breaking off of diplomatic relations or similar actions; terrorist attack, civil war, civil commotion or riots; nuclear, chemical or biological contamination or sonic boom; mandatory compliance with any new law; fire, explosion or accidental damage; extreme weather conditions; collapse of building structures, failure of machinery, computers or vehicles; interruption or failure of utility service, including but not limited to electric power, gas or water where such interruption is beyond the party's control. Each party shall promptly notify the other party in writing when such circumstances cause a delay or failure in performance and when they cease to do so. 29. These terms and conditions may only be amended in writing signed by duly authorised representatives of BCA. 204046/0001/000432956/Ver.01 3 30. The Client may not assign, delegate, sub-contract, mortgage, charge or otherwise transfer any or all of its rights and obligations without the prior written agreement of BCA. BCA may, however, delegate, sub-contract, mortgage, assign and/or transfer all its rights and obligations to any person. 31. Save where agreed otherwise in writing, these terms and conditions contain the whole agreement between the parties and supersedes and replaces any prior written or oral agreements, representations or understandings between them relating to such subject-matter. The Client confirms that it has not entered into the agreement on the basis of any representation that is not expressly incorporated into these terms. 32. No failure or delay by BCA in exercising any right, power or privilege under the agreement shall impair the same or operate as a waiver of the same nor shall any single or partial exercise of any right, power or privilege preclude any further exercise of the same or the exercise of any other right, power or privilege. The rights and remedies provided in the agreement are cumulative and not exclusive of any rights and remedies provided by law. 33. The arrangements between the parties shall not constitute or imply any partnership, joint venture, agency, fiduciary relationship or other relationship other than the contractual relationship expressly provided for herein. Neither party shall have, nor represent that it has, any authority to make any commitments on the other party's behalf. 34. The validity, construction and performance of these terms and conditions shall be governed by English law and shall be subject to the exclusive jurisdiction of the English courts to which the parties submit. 35. For the purposes of the Contracts (Rights of Third Parties) Act 1999 and notwithstanding any other provisions, these terms and conditions are not intended to, and do not, give any person who is not a party to them any right to enforce any provisions. 204046/0001/000432956/Ver.01 4