General Terms and Conditions

WBG-Pooling GmbH & Co. KG
(„WBG-Pooling”)

A. GENERAL INFORMATION

I. Scope of application

1. Services and deliveries by WBG-Pooling to customers of WBG-Pooling (Buyer) shall be made exclusively on the basis of these
General Terms and Conditions (GTC), unless separate contractual agreements have been made in text form or in writing. Deviating,
opposing or supplementing terms of a Buyer shall apply only insofar as they have been expressly recognised – e.g. in
writing or in text form – by WBG-Pooling.

2. If business relationships are already established between the Parties and if the Buyer has already received the GTC in the
context of a previous purchase order having been confirmed by WBG-Pooling, the GTC shall also apply to future business
without direct reference being made to them.

3. All orders shall become binding only by an explicit order confirmation from WBG-Pooling. The order confirmation can be given
in writing, in text form or by email. The content of this order confirmation shall also be decisive for the performances owed by
the Parties.

4. Quotes by WBG-Pooling shall generally be subject to change, unless they are explicitly referred to as being binding.

5. Verbal declarations by employees, vicarious agents or other representatives having been given without power of representation
shall only become part of the contract upon written confirmation.

6. If individual provisions should be or become invalid, this shall not affect the validity of the remaining provisions. The Parties
undertake to agree on a provision that comes as close as possible to what was intended.

II. Prices

1. All prices are understood to be plus the statutory value added tax as applicable on the day of the delivery.

2. WBG-Pooling shall be authorised to make an appropriate adjustment of the agreed price if there is a significant change in
the relevant cost factors in the course of four weeks after the date of the order confirmation amounting to at least 5% in the
case of pooling contracts or amounting to at least 3% in the case of purchase agreements. In that case, the Buyer shall have
the right to withdraw from the contract. The withdrawal shall be declared to WBM-POOLING in this case in writ-ing or text form,
within one week after notification of the price adjustment.

3. Price agreements shall apply only to the respectively agreed delivery or service, without developing any binding effect for
later purchase orders.

 

III. Payment modalities
1. All invoices shall be due for payment within 21 days from the invoice date without discount.

2. Cheques shall be accepted for payment only; any charges and costs incurred by this shall be borne by the Buyer.

3. Rights to offset or withhold payment being asserted by the Buyer are excluded, unless they relate to uncontested claims of
the Buyer or claims found valid by final and absolute judgment. In the event defects are undisputedly present, the Buyer shall
be entitled to a right to withholding only insofar as the withheld amount is within reasonable proportion of the defects and the
expected costs for subsequent fulfilment (in particular, defect rectification).

4. If and insofar as the amount invoiced is not paid on the due date (see above under III.1), default interest in the amount
of 9 percentage points above the base interest rate will be charged, unless WBG-Pooling proves a higher interest loss.
Furthermore, the right remains reserved for the Buyer to prove a lower interest loss.

5. If payment conditions are disregarded continuously or not observed or if facts become known, giving rise to serious
doubts as to the Buyer’s creditworthiness, this shall result in the claims becoming due for payment immediately. Moreover,
WBG-Pooling has the right to make outstanding deliveries and services dependent on prepayments being made or corresponding
securities being provided. Furthermore, WBG-Pooling shall have the right in this case to withdraw after expiration of an
appropriate period set by WBG-Pooling for the payment of due invoice amounts. If reusable transport packaging should then
still be in the Buyer’s possession, which it had received from WBG-Pooling for use against a fee, the Buyer shall be obligated to
immediately return this reusable transport packaging in accordance with Sec. VI.2 (open reusable transport packaging) or VII.
2 (closed reusable transport packaging).

6. Each business relationship between the Parties is subject to a credit insurance contract between WBG-Pooling and
an insurance company. If and insofar as the respective credit limit of the insurance company for the buyer is exceeded,
WBG-Pooling will inform the Buyer thereof immediately In that case, WBG-Pooling is entitled to demand from the buyer a directly
enforceable bank guarantee in the amount of the uncovered credit limit. If such a bank guarantee should not be presented
thereupon within another 5 bank working days, WBG-Pooling shall have a right of termination without notice within a further
two weeks.

IV. Delivery period
1. The adherence to contractually agreed delivery periods by WBG-Pooling is based on the premise that all commercial and
technical questions have been clarified between the Parties before the performance of the purchase order, in particular that all
of the Buyer’s duties to provide information, such as the provision of required official notices and permits, timely information
and reachability of the place of delivery or collection in terms of traffic connections, provision of material, personnel or other
equipment, or payment of an advance, have been fulfilled on time. WBG-Pooling has the right to withdraw from the contract if
WBG-Pooling on its part does not receive the object of delivery in spite of having previously concluded a corresponding purchase
agreement (hedging transaction); the liability of WBG-Pooling for intent and gross negligence remains unaffected pursuant
to Sec. IV.4 of these Terms and Conditions. In that case, WBG-Pooling shall inform the Buyer immediately of the belated availability
of the object of delivery. If the Buyer wants to withdraw from the contract in this case, it shall exercise its right of withdrawal
without delay, whereas at the latest within one week after receipt of the notification from WBG-Pooling of the belated availability,
by giving notice in writing or text form. In the event of a withdrawal, WBG-Pooling shall refund the corresponding consideration
to the Buyer without delay.

 

General Terms and Conditions
WBG-Pooling GmbH & Co. KG
(„WBG-Pooling”)

2. In case of a change to the contract after the mailing of the order confirmation, exclusively the date stated in the new order
confirmation shall apply.

3. By notification of the readiness for shipment, the delivery period shall be deemed observed, unless the shipment is delayed
or proves to be impossible at no fault of WBG-Pooling.

4. If an agreed delivery period is exceeded at the fault of WBG-Pooling, whereas neither through intent nor gross negligence,
and if this causes a loss for the Buyer, it shall have the right, after expiration of an appropriate grace period and to the exclusion
of further claims, to demand a flat amount as compensation for the delay. The compensation per week shall amount to
0.5% of the net value of the part of the delivery, which cannot be used on time or not in accordance with the contract due to the
delays, whereas at most 5% of the net value. The net value in this sense means the purchase price of the sold reusable transport
packaging (RTP) and, in the case of a provision for use, the fee for the use to be paid for the type and number of RTP and for
the relevant period for which they have been provided. The loss to be compensated by WBG-Pooling shall instead be limited in
all cases to the contractual value; thus, to the agreed purchase price in the case of a purchase and, in the case of pooling, to
the fee for the use to be paid for the owed delivery.

5. The Buyer may withdraw from the contract within the scope of the statutory provisions only if WBG-Pooling has committed a
breach of duty. In case of a breach of duty, the Buyer shall declare within an appropriate period upon request by WBG-Pooling,
whether it will withdraw from the contract due to the breaches of duty or if it insists on the performance. In case of defects,
however, the statutory provisions apply with regard to the withdrawal. A withdrawal by the Buyer is excluded if it is itself in delay
with the acceptance.

6. If the failure to meet deadlines and delivery periods is due to force majeure, e.g. mobilisation, war, unrest, also pandemics or
similar events outside of the responsibility of WBG-Pooling, e.g. strike or lockout, the deadlines shall extend for the time during
which the aforementioned event and its effects persist. Regardless thereof, WBG-Pooling shall be entitled in this case to a full
or partial withdrawal with regard to the part of the contract not performed yet, even if the aforementioned circumstances arise
during the delay or at a subsupplier or vicarious agent. WBG-Pooling shall be liable pursuant to the legal regulations for delay
of the delivery in cases of intent or gross negligence on its own part or that of one of its representatives or vicarious agents,
and in cases of injury to life, body or health caused culpably. In other cases of default, the liability of WBG-Pooling for damage
compensation shall be limited, besides the owed performance, to 0.5% of the net value of the part of the delivery or service,
which cannot be used on time or not in accordance with the contract due to the delays in total per week, whereas overall to
at most 5%. For damage compensation in lieu of performance (including the compensation of useless expenses), the damage
compensation is limited to overall 5% of the net value of the delivery in the definition of para. 4, last clause. Further claims of the
Buyer shall also be excluded after expiration of a deadline for performance set by WBG-Pooling. The limitation shall not apply
in the event of a culpable breach of essential contractual duties, whereas it shall be limited to the predictable damage that is
typical for the contract, unless a further case pursuant to clause 1 of this paragraph is given at the same time. The Buyer’s right
to withdraw from the contract pursuant to Sec. IV 1 of these Terms remains unaffected. A reversal of the burden of proof to the
disadvantage of the Buyer shall not be tied to the foregoing provisions.

B. PROVISION OF REUSABLE TRANSPORT PACKAGING FOR USE (POOLING)

V. Joint terms
1. Information on properties of reusable transport packaging (RTP) and references to technical standards in catalogues, prospectuses,
ads, illustrations, and price lists merely serve as description and do not establish either an assurance or warranty
of properties and condition without an explicit reference in the order confirmation. Deviations in the shade of colour never
constitute a defect. A warranty for the hygienic unobjectionable and defect-free condition of the products cannot be given.

2. Under the contract, WBG-Pooling shall not owe any advice to the Buyer as to whether the RTP purchased by the Buyer or RTP
provided for use to the Buyer are suitable or useful for the purpose of use intended by the Buyer, unless this has been expressly
agreed between the Parties. If in doubt, this shall be determined by the order confirmation sent to the Buyer, A.I.3 sent. 2.

3. The Buyer is obligated to notify WBG-Pooling of obvious defects on the RTP having been provided to it in writing or by email,
at the latest within 24 hours upon receipt of the RTP; mailing the notice before expiration of the period shall be decisive for
compliance with the notification period. In the notice, the defects shall be described in as much detail as possible by the Buyer
with enclosure of photos of the defects. In case of hidden defects, the discovery of which was not possible on the handover, even
if the Buyer has exercised its proper duties, the notice of defect is essential, which shall be given at the latest 24 hours after the
discovery.

4. WBG-Pooling shall send the Buyer a monthly statement of the inventory account maintained for the Buyer at WBG-Pooling
for the RTP having been provided to it. The balance reported by WBG-Pooling shall be deemed accepted unless the Buyer objects
to the report of the inventory accounts maintained by WBG-Pooling within 10 working days following receipt.

5. The RTP shall be provided to the Buyer exclusively for the use as intended. The Buyer shall not acquire ownership of the RTP
having been provided to it by WBG-Pooling.

6. For the purposes of these GTC, open RTP mean such RTP of which the Buyer can also acquire ownership. The ownership
can be acquired by purchasing RTP that have already provided for use (purchase of the inventory) or by purchase without the
purchased RTP previously having been provided for use to the Buyer by WBG-Pooling (merchandise).

7. Closed RTP in the definition of these GTC mean such RTP, which preclude the ownership of which by the Buyer. Such RTP are
marked by codes or labelling (e.g. “Property of…”) as the unsaleable property of WBG-Pooling.

 

VI. Provision of open RTP
1. In the case of a sale of RTP previously having been provided for use, WBG-Pooling shall be entitled in accordance with Sec.
V (1), to also charge the fee for use as consideration for the use, even after the end of the period for provision and up until the
acquisition of the ownership of the RTP.

2. The Buyer is obligated to return or ship the identical number of corresponding RTP with freight prepaid back to WBG-Pooling
at the end of the provision for use, in a fault-free condition and of the same quality as each delivery of RTP that is received. On
termination of the provision for use, the Buyer shall return the RTP having been provided to it or at least RTP of medium type
and quality to WBG-Pooling.

3. If the duties under para. 3 are breached by the Buyer, it shall pay the following flat amounts as damage compensation upon
prior setting of a deadline for the surrender of the RTP:

Schadensersatz zu leisten wie folgt:

a. E1-Crate (red) 3,00 €
b. E2-Crate (red) 3,80 €
c. E3-Crate (red) 6,00 €
d. E1-Performance-Crate 4,00 €
e. E2-Performance-Crate 5,00 €
f. E3-Performance-Crate 7,50 €
g. BigBox 1000 3 runners grey 100,00 €
h. BigBox 1000 4 feet grey 100,00 €
i. Euro-H1-Hygienic-Pallet light grey 45,00 €
j. Euro-H1-Hygienic-Pallet light grey without central locking 45,00 €
k. Euro-H3-Hygienic-Pallet light grey 60,00 €
l. Eurohook steel 3,80 €

4. Upon claims being brought for damage compensation, the Buyer’s right to return the RTP having provided to it to WBG-Pooling
shall expire.

5. It remains expressly reserved for the Parties to prove that a lesser or higher damage than the one stated in flat amount under
No. 3 has been incurred.

6. Unless this contradicts the provisions in these GTC or the agreements made with the Buyer in the individual case, the provisions
of Sec. 607 and Sec. 609 BGB [German Civil Code] shall apply to the provision of open RTP for use.

 

VII. Provision of closed RTP
1. Unless expressly agreed otherwise, the payment agreed for the provision of closed RTP refers to the fee for the provision for
use and logistics services of WBG-Pooling for a period of 30 days from the transfer of the RTP to the Buyer. If the period is exceeded,
the Buyer shall owe the payment for the provision for use pursuant to the conditions of WBG-Pooling valid at such time.

2. The Buyer shall be obligated to return or ship the RTP having been provided to it with freight prepaid and in defect-free
condition at the end of the period of use

3. If the duties under para. 2 are breached by the Buyer, it shall pay the following flat amounts as damage compensation upon
prior setting of a deadline for the surrender of the RTP:

a. WBG-Pooling-Foldable-Crate 6412 light blue 5,80 €
b. WBG-Pooling-Foldable-Crate 6418 light blue 6,30 €
c. WBG-Pooling-Foldable-Crate 6423 light blue 6,80 €
d. WBG-Pooling-Foldable-Crate 4316 wood grey 4,50 €
e. WBG-Pooling-Foldable-Crate 6422 wood grey 6,80 €
f. WBG-Pooling-BigBox 1000 red 165,00 €
g. WBG-Pooling-BigBox 1000 grey 145,00 €
h. WBG-Pooling-BigBox 1000 green 165,00 €
i. WBG-Pooling-BigBox 800 light blue 125,00 €
j. WBG-Pooling-BigBox 800 blue DM 190,00 €
k. WBG-Pooling-Combo-BigBox 1155 grey 435,00 €
l. WBG-Pooling-H1-Hygienic Pallet blue 60,00 €
m. WBG-Pooling-L3-Logistic Pallet blue 90,00 €

 

4. Upon claims being brought for damage compensation, the Buyer’s right to return the RTP having provided to it to
WBG-Pooling shall expire.

5. It remains expressly reserved for the Parties to prove that a lesser or higher damage than the one stated in flat amount under
para. 2 has been incurred.

6. Unless this contradicts the provisions in these GTC or the agreements made with the Buyer in the individual case, the provisions
of Sec. 535 seqq. BGB [German Civil Code] shall apply to the provision of closed RTP for use.

 

C. SALE OF RTP

VIII. Transfer of risk
1. In the event of a sale of RTP from the inventory account maintained for the Buyer according to Sec. V (2), all rights on the
purchased RTP shall transfer to the Buyer upon the crediting of the agreed purchase price on the account of WBG-Pooling,
provided that the purchased RTP are in the Buyer’s possession. WBG-Pooling shall owe RTP of medium type and quality to this
end.

2. In the event of a sale of new RTP, all rights on the purchased RTP shall transfer to the Buyer on receipt of the purchase price
and – if not already done – on the transfer of possession to the Buyer.

3. If the sold RTP are shipped on the Buyer’s request, the risk of accidental loss and accidental deterioration shall transfer to the
Buyer on the handover to the freight forwarder or person designated for the shipment. If merchandise is collected for return,
the risk shall transfer to WBG only upon arrival of the merchandise at the place of destination.

4. If the shipment of RTP ready for shipment is delayed for reasons outside of the influence of WBG-Pooling, the risk shall transfer
when the notice of the readiness for shipment is sent to the Buyer in text form or in a fax.

5. If the Buyer does not accept the shipment directly upon the notice of shipment, or if the shipment is postponed on the Buyer’s
request, WBG-Pooling shall be entitled to place the RTP in storage at the Buyer’s expense.

6. In case of a delay of acceptance by the Buyer, WBG-Pooling reserves also the right to partial withdrawal or claims of damages,
besides the rights resulting from Sec. 326 BGB.

7. On the Buyer’s written request, the purchased merchandise shall be insured at its cost for risks to be determined by it..

 

IX. Reservation of title1. If RTP or other items offered by WBG-Pooling are sold to the Buyer, the sold items shall remain the property of WBG-Pooling
until the complete payment of all claims existing against the Buyer in the business relationships. In case of on-account charges,
the reserved title to the deliveries applies as security for the balance of account by WBG-Pooling.

2. The Buyer shall not be entitled to process or modify the items of delivery that are subject to the reservation of title. The reservation
of title shall also cover products created in violation, by processing, mixing or combining them with our products, in their
full value and of which WBG-Pooling shall be deemed the manufacturer. If the property right of third parties remains intact in the
event of processing, mixing or combination with the products of these third parties, WBG-Pooling shall acquire a co-ownership
in the same proportion as the invoiced values of the processed, mixed or combined products. For the rest, the same shall apply
to the created product as to the products delivered under the reservation of title.

3. The Buyer is not permitted to resell the products subject to the reservation of title.

4. In the event of resale in violation of the prohibition, the Buyer shall assign all claims arising for it from the resale against its
customers, including ancillary rights, as security to WBG-Pooling up until fulfilment of all claims of WBG-Pooling that are held
against it, without this requiring further separate declaration. The assignment shall apply including any claims to the account
balance. However, the assignment shall only apply up to the amount corresponding to the amount invoiced by WBG-Pooling.
The portion of the claim assigned to WBG-Pooling shall be satisfied with priority. The Buyer shall pass on any payments made
on the assigned claim, up to the amount of the secured claim, without delay

5. If a justified interest is made credible, the Buyer shall provide the information to WBG-Pooling, which are required for enforcing
the rights of WBG-Pooling against the buyers, and to hand over the necessary document.

6. Insofar as the realisable value of all securities in the entitlement of WBG-Pooling exceeds the amount of all secured claims
by more than 10%, WBG-Pooling shall release the corresponding portion of the securities on the Buyer’s request. It is presumed
that the conditions of the foregoing clause are fulfilled if the estimated value of the securities in the entitlement of WBG-Pooling
reaches or exceeds 150% of the value of the secured claims.

7. The products subject to the reservation of title may neither be pledged nor transferred by way of security to third parties
before the complete payment of the secured claims. The Buyer shall inform WBG-Pooling in writing without delay if it has been
filed for the opening of insolvency proceedings over the Buyer’s assets or third parties take control over the products in the
ownership of WBG-Pooling (e.g. by means of attachments). The costs incurred for this shall be borne in all cases by the Buyer,
unless they are borne by a third party.

8. In the event of any actions by the buyer contrary to the contract, in particular in case of non-payment of the due purchase
price, WBG-Pooling shall have the right to withdraw from the contract pursuant to the legal regulations and/or demand the
surrender of the products based on the basis of the reservation of title. The demand for surrender does not simultaneously include
the declaration of withdrawal; WBG-Pooling is rather entitled to merely demand the surrender of the products and reserve
withdrawal. If the Buyer does not pay the due purchase price, WBG-Pooling shall be entitled to enforce the right to surrender or
declare withdrawal after having set an unsuccessful or omissible deadline.

9. If WBG-Pooling exercises its reservation of title by collecting the products subject to the reservation of title, WBG-Pooling shall
be entitled to sell or auction the items on the open market. The collection will be made for the proceeds earned, whereas at
most for the agreed list prices. Further claims for damage compensation, in particular for lost profit remain reserved.

10. If and insofar as RTP are sold to the Buyer, which are included in the inventory accounts maintained for the Buyer at WBG-Pooling,
any warranty for the sold RTP is excluded. If and insofar as it is not possible to specify the sold RTP, because they are in pooling
circulation, WBG-Pooling shall not owe the transfer of ownership of the relevant RTP to this end, but the procurement of all rights
related to the RTP in questions. In this respect, the transfer of rights to the corresponding RTP of medium type and quality shall
be owed. Subject to the condition precedence of the purchase price payment date, the rights shall be assigned by WBG-Pooling
to the Buyer.

 

X. Liability for property defects in case of a purchase
1. Information on the properties and condition of merchandise and references to technical standards in catalogues, prospectuses,
ads, illustrations, and price lists merely serve as description and do not establish either an assurance or warranty of properties
and condition without an explicit reference in the order confirmation. Deviations in the shade of colour never constitute
a defect. A warranty for the hygienic unobjectionable and defect-free condition of the products cannot be given..

2. Under the contract, WBG-Pooling shall not owe any advice to the Buyer as to whether the RTP purchased by the Buyer or RTP
provided for use to the Buyer are suitable or useful for the purpose of use intended by the Buyer, unless this has been expressly
agreed between the Parties. If in doubt, this shall be determined by the order confirmation sent to the Buyer, A.I.3 sent. 2.

3. Any warranty is precluded in the case of a sale of RTP from the inventory account maintained for the Buyer according to Sec.
V (2), as this is a sale of used items.

4. In the case of a sale of new RTP (merchandise), the Buyer is obligated to notify WBG-Pooling of obvious defects on the
merchandise having been provided to it in writing or by email, at the latest within 24 hours upon receipt of the RTP; sending the
notice before expiration of the period shall be decisive for compliance with the notification period. In the notice, the defects
shall be described in as much detail as possible by the Buyer with enclosure of photos of the defects. In case of hidden defects,
the discovery of which was not possible on the handover, even if the Buyer has fulfilled its duties pursuant to Sec. 377 HGB
[German Commercial Code], the notice of defect is essential, which shall be given at the latest 24 hours after the discovery. If
the Buyer notifies of a defect, which does not exist according to the inspection by WBG-Pooling, and if the Buyer knew that the
defect did not exist when it gave the notice of defect or if it was mistaken about this due to negligence, the Buyer shall compensate
WBG-Pooling for the losses incurred. The Buyer has the right to prove that the notified defect does exist after all. Within the
scope of the foregoing conditions, WBG-Pooling shall have the right, in particular, to demand a refund of the expenses incurred
by WBG-Pooling, for example, for the inspection of the item or for the repair demanded by the Buyer.

5. All warranty claims in case of a purchase of new RTP shall lapse by limitation 12 months after the transfer of risk, unless Sec.
438 (1) no. 1, Sec. 479 (1) and Sec. 634a (1), no. 2 BGB prescribe mandatory longer limitation periods.

6. In case of justified notices of defects, the Buyer shall be entitled to demand subsequent fulfilment, reduce the price or withdraw
from the contract. The Buyer does not have a right to subsequent fulfilment if this involves disproportionate costs. Further
claims, in particular for the compensation of expenses, damages or compensation for defects or consequential damages
from defects shall apply only in accordance with the provisions of Sec. XI. Regarding defects due to manufacturing WBG-Pooling
is entitled to refer the customer to the supplier. WBG-Pooling shall assign any related warranty claims to the customer.

7. Improper attempts of reworking by the Buyer or third parties contracted by it, and improper use, wear and tear, and improper
storage shall result in the loss of warranty claims.

8. Claims of recourse according to Sec. 479, Sec. 479 BGB shall be established to the statutory extent, only in the case that justified
claims are brought by the consumer, whereas, in contrast, not with regard to agreements made in fair dealings and they
require the fulfilment of the duties, especially the duty to notify of defects, by the party entitled to the claims of recourse.

 

D. FINAL PROVISIONS AND LIABILITY

XI. Liability
WBG-Pooling shall be liable pursuant to the statutory provisions for intent or gross negligence or that of one of its representatives
or vicarious agents, in cases of injury to life body or health caused culpably. For the rest, WBG-Pooling shall be liable merely
pursuant to the Product Liability Act for culpable breach of essential contractual duties and to the extent that WBG-Pooling
has fraudulently concealed defects, or defects for which it has given a warranty of the properties and condition of the object of
delivery. The damage compensation claim for culpable breach of essential contractual duties, whereas it shall be limited to the
predictable damage that is typical for the contract, unless another one of the cases mentioned in clause 1 or clause 2 of this
paragraph is given at the same time. The provisions of the foregoing paragraphs apply to all damage compensation claims, in
particular damage compensation besides performance, and damage compensation in lieu of performance, notably regardless
of the legal reason and in particular for defects, breach of duty under the contractual obligation or for tortious act. A reversal
of the burden of proof to the disadvantage of the Buyer shall not be tied to the foregoing provisions.

 

XII. Place of fulfilment, choice of law, place of jurisdiction
1. The place of fulfilment for deliveries and payments shall be the place of the registered office of WBG-Pooling in Damme, in
absence of an agreement explicitly stating otherwise.

2. Exclusively German law applies. The application of the United National Convention on Contracts for the International Sale of
Goods (CISG) on is excluded.

3. The place of jurisdiction is the lace of the registered office of WBG-Pooling in Damme.