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TER HAAK LOGISTICS B.V.
GENERAL TERMS AND CONDITIONS

1. Definitions
"THL": Ter Haak Logistics B.V., established at Ruijgoordweg 80,1047 HM Amsterdam and registered with the Chamber of Commerce in Amsterdam under number 33185001.
"THL Terms and Conditions": These general terms and conditions, as deposited at the court registry of the Court in Amsterdam.
"Agreement": Any agreement entered into with THL.
"Principal": Any person (except for THL) who is party to the agreement, as well as any person for whom THL retains items, as well as any person vis-à-vis whom THL can invoke the THL terms and conditions.

2. Scope
The THL terms and conditions are part of the agreement, unless and in so far as THL declares otherwise explicitly and in writing, subsequently or otherwise. THL rejects the applicability of any other general terms and conditions used by the principal.

If the principal enters into, or has entered into, agreements with a third party, as a consequence of which THL, during execution of the agreement, actually has direct or indirect contact with said third party or becomes responsible for its items, THL may invoke the THL terms and conditions vis-à-vis said third party. In such agreements, the principal undertakes vis-à-vis THL to bind that third party vis-à-vis THL to the THL terms and conditions.

Failure to do so shall mean the principal has limitless liability vis-àvis THL for all loss and damage that THL suffers as a consequence of not being able to invoke the THL terms and conditions. If THL enters into an agreement with a third party in connection with the xecution of the Agreement, THL may declare provisions that apply between it and said third party applicable as well to the agreement and have the consequences thereof for THL for the account of the principa l.

If THL involves a third party in the execution of the agreement, said third party may also invoke the THL terms and conditions vis-à-vis the principal as if it were THL. With regard to all activities carried out by THL, the Dutch Forwarding Conditions (latest version) are part of the agreement, in so far as the THL terms and conditions do not explicitly provide for otherwise. Wherever the Dutch Forwarding Conditions refer to "forwarder" this means THL and the term "principal" should be interpreted as meaning the principal. If a copy of the Dutch Forwarding Conditions has not yet been attached to the THL terms and conditions, the principal must ask THL to forward a copy thereof free of charge.

The Dutch Forwarding Conditions are deposited at the court registry of the court in Amsterdam and can also be perused on the website of FENEX, the Netherlands Association for Forwarding and Logistics: www.fenex.nl.
In the event of a contradiction between, or a lack of clarity in, the simultaneous applicability of the Dutch Forwarding Conditions and the THL terms and conditions, the THL terms and conditions shall prevail. Situations for which the THL terms and conditions and the Dutch Forwarding Conditions do not provide shall be treated in accordance with the practices which are usual for the sort of activities in question, which practices are primarily regarded as constituting the provisions of the frequently used general terms and conditions relating to the activities in question such as, in any event, but not limited to, the Voorwaarden voor Logistieke Activiteiten [Conditions for Logistic Activities] (VAL), the Veemcondities Amsterdam-Rotterdam [Warehousing Conditions], the Algemene Vervoercondities [General Transport Conditions] (AVC) and the Rotterdamse Stuwadoorscondities [Rotterdam Stevedoring Conditions] (RSC).

In so far as the THL terms and conditions or other provisions of the agreement conflict with mandatory rules, only the conflicting provision shall be rendered inoperative, although the agreement and the THL terms and conditions and the Dutch forwarding conditions shall otherwise continue to apply mutatis mutandis. If the THL terms and conditions or other conditions to which the THL terms and conditions refer are translated into a different language, the Dutch text shall be given priority in the event of contradiction or a lack of clarity.

3. The coming into effect and termination of the agreement
Offers that are issued by THL are entirely without obligations and may be amended or withdrawn without any reasons having to be given by THL. The Agreement shall come into effect at the moment that THL receives acceptance from the principal, unless THL exercises its authority to withdraw the offer after all within one week after said acceptance. Unless agreed otherwise explicitly and in writing, the Principal may not cancel the agreement at the moment that THL has started its activities or has prepared to do so.

4. Execution of the agreement
Supplementary to Article 7 of the Dutch Forwarding Conditions, THL is free, in the absence of explicit written instructions by, or on behalf of, the principal, to determine the way in which it executes the agreement and may, whether or not on behalf of the principal, receive or publish documents in so far as such is usual in connection with the method of execution thus selected.

THL is not obliged to carry out activities such as checking, sampling, taring, weighing, measuring, maintenance, re-packing, splitting, etc. with regard to the items it is responsible for. If it does this nevertheless, it can ask the principal to describe the desired activities explicitly in writing and the principal is obliged to reimburse THL the costs related to those activities. The latter also applies in the event that THL carries out said activities on its own initiative.
Article 9, paragraph 1 of the Dutch Forwarding Conditions shall not apply. If THL does not wish to carry out certain activities, the principal is entitled to carry them out or have them carried out without THL being responsible in any way, with due regard for conditions to be imposed by THL and subject to reimbursement of costs incurred by THL.

5. Liability
Supplementary to that stated in the Dutch Forwarding Conditions, the principal is also liable vis-à-vis THL, and as the occasion arises vis-à-vis third parties, for loss and damage resulting from conducts and/or negligence by people who, on behalf of the principal, are present on the THL sites and/or have contact with, or are in the vicinity of items which THL is retaining for the principal.

6. Payment
Invoices drawn up by THL on the basis of the agreement must be paid within 14 days after the date on the invoice. Failure to do so shall result in the principal being in default and in contractual interest being payable at a rate of 1% per month or, in any event, not less than the applicable statutory interest at that moment in time.

All payments that the principal makes to THL shall, in the first instance, be offset against unsecured debts and then used successively to pay interest, costs and principal sums, whereby the amounts due the longest shall be deemed to be paid first, such barring any other descriptions accompanying the payment in question. Article 18, paragraph 1 of the Dutch Forwarding Conditions shall not apply. If a claim vis-à-vis the principal has not been paid within 30 days after a reminder or if insufficient surety has been provided, THL shall be entitled to sell goods on which it has a pledge or on which it exercises a right of retention privately or publicly.

All amounts with regard to which third parties make a(n additional) claim vis-à-vis THL in connection with the execution of the Agreement must be paid by the principal to said third party by the payment deadline stipulated by said third party or - if such claims have already been paid by THL – must be reimbursed immediately to THL.

7. Prescription & Expiration
Any claim vis-à-vis THL shall become void by prescription after 9 months and shall lapse after 18 months. Any claim by THL shall become void by prescription after the statutory applicable deadline has been reached. Paragraphs 1 and 2 of Article 21 of the Dutch Forwarding Conditions shall not apply. The time periods leading up to the deadlines referred to shall commence as regulated in Article 21, paragraph 3 of the Dutch Forwarding Conditions.

A claim by the principal due to loss or damage of items that THL retains shall also expire, if no written protest has been submitted to THL, within fourteen days after the items have been received by, or on behalf of, the principal.

8. Disputes
The agreement is subject to Dutch law and any dispute resulting from the Agreement, as well as any dispute with a third party vis-à-vis whom THL can invoke the THL terms and conditions, shall be settled, with the exclusion of the ordinary court, by means of arbitration as regulated in the Dutch Forwarding Conditions (latest version), unless THL declares otherwise explicitly and in writing, subsequently or otherwise, but no later than one month after proceedings have been commenced. If THL exercises this authority, the applicable period of prescription and expiration shall be extended by two months. If THL does not wish a dispute to be settled by means of arbitration, the court in Amsterdam shall have jurisdiction.

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