Terms and Conditions

General Terms and Conditions of Geopolitical Intelligence Services AG for customers who conduct business activities

1. General

1.1 The following terms and conditions apply to all subscription services of Geopolitical Intelligence Services AG (hereinafter referred to as "GIS") to its customers (hereinafter also referred to as "you" or "your").

1.2 By using GIS subscription services the customer agrees to be bound by the terms and conditions set out herein. If the customer uses the subscription service for several users he is liable for their behavior just like his own behavior. The customer is obliged to inform his users about these General Terms and Conditions.

1.3 GIS reserves the right to amend these General Terms and Conditions from time to time, for any reason, without prior notice. The version of the General Terms and Conditions that will apply to your subscription services will be those on the GIS website at the time when you place your subscription order. When the subscription service will be renewed automatically those General Terms and Conditions will apply to your renewed subscription term that will be on the GIS website at the time of the renewal.

2. GIS Subscription Services

2.1 GIS provides its services to the extent as described in its product descriptions with respect to the service packages "single", "small" and "large".

2.2 The customer acknowledges that in order to use GIS subscription services, he may need to comply with certain technical requirements. These requirements, if any, will be set forth in the descriptions of the subscription services.

2.3 The customer especially acknowledges and agrees that GIS may change the features and technical requirements of its subscription services or particular services packages from time to time. If the customer disagrees with any modifications to the services, his sole remedy will be to terminate the service in the manner described in these General Terms and Conditions. Further claims are excluded.

3. General payment terms

The customer agrees to pay for the ordered subscription service for a time period of twelve months in advance by using the payment service provider announced by GIS. This pre-payment obligation will also apply in the event that the subscription service will be renewed automatically.

4. Right of using the documents provided by the subscription service

4.1 Every user named by the customer to GIS obtains a non-exclusive right to use the documents (especially newsletters, comprehensive reports, updates on world matters and any other written information by GIS) provided to him.

4.2 The non-exclusive right is a non-assignable, non-transferrable, non-sub-licensable license to use the documents of the subscription service.

5. Copyrights

5.1 The customer acknowledges and agrees that all documents made available through GIS are protected by copyright and may not be used in any manner other than specified in these General Terms and Conditions.

5.2 The customer agrees not to modify, amend, or deface any of the documents made available through GIS. Furthermore, the customer agrees not to adapt or to copy any of the documents made available by GIS or produce translations of the documents in order to provide them to any third party.

The customer is not entitled to provide the documents to any third party without the written approval by GIS. Furthermore, the customer may not produce screenshots of documents made available to him through GIS website for the reason to provide the documents to any third party.

5.3 The customer is obliged to take all reasonable actions in order to hinder that third parties use documents provided to the customer by GIS subscription service without prior written approval of GIS.

6. Representations by the customer

The customer grants the following representations:

6.1 The customer and his users respectively are 18 years of age or older.

6.2 To the extent that the customer is a corporation, he represents that he is duly organized and validly existing under the laws of his state of in-corporation, has full corporate power and authority to enter into this agreement and has full corporate power and authority to carry out his obligations hereunder.

6.3 The information provided to GIS in connection with the registration for the subscription service is true, complete and accurate and will be updated immediately if it becomes out of date.

7. Disclaimer of warranties

7.1 GIS subscription services is provided "as is" with no warranties with respect to the technical functionality of the service or the correctness of the information provided to the customer.

To the fullest extent permissible by law, GIS disclaims all express, implied and/or statutory warranties regarding merchantability or fitness for a particular purpose of the information provided by the subscription service. Furthermore, GIS disclaims all warranties regarding security, reliability and performance of GIS subscribing services, as well as any warranties that GIS subscription services will technically uninterrupted.

GIS shall not be responsible in any way for any damage caused by loss of access to, deletion of or failure to store the content of any document provided by GIS or any incorrectness of the information provided by the experts in connection with the subscription services.

7.2 The foregoing will not be applicable if any failure or incorrectness of GIS subscription services is caused by willful intent of GIS or by one of his legal representatives or any person involved by GIS.

7.3 In any jurisdiction in which the disclaimer of implied warranties is not allowed the foregoing disclaimers may not apply to the customer in so far as they relate to implied warranties.

8. GIS liability/Limitation of liability

8.1 A liability of GIS for compensation of damages is limited to damages independent of the legal basis,

(a) which are founded on at least negligent injury of life, body or health by GIS or by one of his legal representatives or any person involved by GIS in order to provide the subscription service, or

(b) which are founded at least on grossly negligent injury of other legal assets by GIS or by one of his legal representatives or any person involved by GIS in order to provide the subscription service.

8.2 In the event of damages negligently caused that are not mentioned under section 8.1 the liability of GIS is limited to predictable damages independent of the legal basis at the time of the conclusion of the contract.

8.3 In any event, GIS is not liable for:

- indirect losses which are side effect of the main loss or damage and which are not reasonably foreseeable by the customer and GIS at the time the services are provided to the customer or

- failure to meet any of its obligations under the agreement with the customer where such failure is due to an event that is beyond GIS reasonable control, which includes but is not limited to fire, storm, riot, civil disturbance, war, nuclear accident, terrorist activity and other acts of God.

8.4 GIS total liability to the customer for any loss or damage arising in connection with the agreement between GIS and the customer, except for any event provided for under section 8.1, shall be limited to the total price for the twelve months subscription service ordered by the customer.

8.5 For the avoidance of doubt the forgoing limitations of liability shall apply whether the damages arise from reliance on the correctness of the information of the subscription services, from inability to use the subscription services, from loss of access to, deletion of or alteration of the subscription services, or from the interruption, suspension, or termination of subscription services.

9. No resale, assignment or sublicensing

The customer agrees not to resell, assign, sublicense, transfer otherwise, or delegate the rights or obligations under this agreement without the prior expressed written authorization of GIS.

10. Term, Termination and Renewal of Subscription

10.1 The term of the subscription services lasts for twelve months. Unless otherwise stated, the subscription term will renew automatically for the same time period at the current price at the time of the renewal for GIS subscription services unless the customer or GIS terminates the subscription service with prior written notice no later than thirty days before the expiration date. In case the customer does not terminate the subsrciption no later than thirty days before the expiration date, the subcription service will be prolonged automatically for the same period and price.

10.2 The customer may terminate the subscription service at any time with immediate effect if first GIS changes the technical features and/or technical requirements of the subscription services and second these changes increase the costs the customer incurs for the subscription services. In this event, the customer will be refunded a pro-rata amount of the purchase price.

11. Miscellaneous

11.1 For the avoidance of doubt the customer is not entitled to receive the subscription service until he has paid for the subscription service in advance. This also applies in any event of an automatically renewal.

11.2. Should any provision of these General Terms and Conditions, or any provision to be incorporated into the General Terms and Conditions in the future, be or become invalid or infeasible then in lieu of the invalid or infeasible provision a provision shall apply which, to the extent legally permissible, comes as close as possible to the invalid or infeasible provision.

11.3 The agreement between GIS and the customer about the subscription service shall be governed by and be construed in accordance with the laws of the Principality of Liechtenstein, without regard to principles of conflicts of laws and excluding rules applicable to international sales of goods and services.

11.4 The courts in Liechtenstein shall have the exclusive jurisdiction over all disputes under and/or in connection with GIS subscription services.

General Terms and Conditions Geopolitical Intelligence Services AG for customers who are consumers

1. Definition and application

1.1 Consumer shall be each individual who concludes a legal transaction for a purpose that is not related to either his or her commercial or freelance activities.

1.2 These General Terms and Conditions shall apply to all subscription services provided by Geopolitical Intelligence Services AG (hereinafter referred to as "GIS") to those of its customers who are consumers according to no. 1.1 above.

1.3 No. 1.2 and no. 1.3 (general), no. 2 (subscription services of GIS), no. 3 (general payment conditions), no. 4 (right to use the documents provided within the scope of the subscription services), no. 5 (copyrights), nos. 6.1 and 6.3 (customer representations), no. 9 (No-resale, assignment and sub-licensing), no. 10 (term, termination and extending the subscription) and no. 11.1 (legal consequences of pre-payment obligation) of the General Terms and Conditions of GIS for customers who conduct business activities shall also apply to customers who are consumers.

2. Right to cancel

Cancellation instructions

Right to cancel

The customer may cancel its contract in writing (e.g. letter, fax, email) within 14 days without stating a reason. This 14-day period shall begin once these written instructions have been received, but not before the conclusion of the contract and also not before GIS has fulfilled its further information duties with respect to the applicable national consumer protection rules. In order to adhere to the 14-day period the timely dispatch of the cancellation notice shall suffice. The cancellation should be sent to:

Geopolitical Intelligence Services AG

Herrengasse 21

LI-9490 Vaduz

service@gisreportsonline.com

Consequences of cancellation

In the event of a valid cancellation, both parties shall be obliged to restore any services or payments already received and issue any gains (e.g. interest). If the customer is unable or partially unable to restore the services and/or any gains, or only able to restore them in poor condition, then he must reimburse GIS for the corresponding value. This can result in the customer nevertheless being required to meet the contractual payment obligations for the period up until the cancellation. The obligations for reimbursement must be fulfilled within 30 days. The period begins for the customer when he sends the notification of cancellation and for GIS when it receives it.

End of the cancellation instructions

3. Warranty

3.1 No warranty shall be provided for the technical functionality of the subscription services and the accuracy of the information supplied to the customer.

In addition, GIS excludes any warranty that provides that the information in the subscription services provided by GIS could be used for a specific purpose. Moreover, any warranty relating to the security of the subscription services is excluded.

GIS shall not provide a warranty in the event that the customer cannot access, save or delete the contents of the documents supplied by GIS.

3.2 The warranty disclaimer set out in no. 3.1 above shall not include technical failure, interference with the technical security or wrong information in connection with the subscription services supplied by GIS which are based on intent or gross negligence by GIS or GIS's legal representatives or any person involved by GIS.

4. Liability of GIS/limitation of liability

4.1 A liability of GIS for compensation of damages is limited to damages, independent of the legal basis,

(a) which are founded on at least negligent injury of life, body or health by GIS or by one of his legal representatives or any person involved by GIS in order to provide the subscription service, or

(b) which are founded at least on grossly negligent injury of any assets by GIS or by one of his legal representatives or any person involved by GIS in order to provide the subscription service.

4.2 In the event of damages caused negligently which are not set out in no. 4.1 above, GIS's liability shall be limited to the contract-typical, foreseeable damage at the time of the conclusion of the contract, irrespective of the legal basis.

4.3 GIS shall on no account be held liable in the event that it fails to meet its contractual obligations as a result of events which lie outside of GIS' control. This shall include, in particular, fire, storms, rioting, civil disturbance, war, nuclear accidents, terrorist activity and other force majeure.

4.4 The total liability of GIS to its customer for damages suffered within 12 months in connection with the use of the subscription services shall be limited to those fees paid by the customer for the requested subscription services during this time period. This excludes the damages under no. 4.1 above and any damages resulting from a breach of material contractual obligations.

5. Miscellaneous

5.1 The agreement between GIS and the customer concerning the subscription services shall be subject to the laws of the Principality of Liechtenstein, without regard to international private law and the CISG. In addition to the laws of the Principality of Liechtenstein, the mandatory national consumer protection legislation which the customer is protected by at its place of residence shall apply to this contract. If the General Terms and Conditions and/or the laws of the Principality of Liechtenstein and the applicable mandatory national consumer protection legislation conflict with each another, the applicable mandatory national consumer protection legislation shall prevail.

5.2 The courts which have jurisdiction according to the applicable national laws (laws which apply to the usual place of residence of the customer) shall deal with any disputes resulting from or in connection with the subscription services provided by GIS. If the applicable national laws do not contain a jurisdiction rule, the customer shall be entitled to sue GIS at its registered office; vice versa GIS shall be entitled to sue the customer at his place of residence.