END USER LICENSE AGREEMENT FOR THE SOFTWARE PRODUCT Navtilus Mandatory Fields This License Agreement enters into force from the moment that you - as licensee - have accepted the license agreement. By downloading and installing or using the software product (hereinafter the Software) stated above on your device you accepts the License Agreement and terms below. If you cannot accept this License Agreement no license is granted, you are not entitled to use the Software and the Software must be uninstalled and all copies deleted. 1. License granted 1.1. We Navtilus Software LPC - as licensor - grants you a non-transferable and non-exclusive right to use the Software. 1.2. The Software may be licensed under 3 different License Models. The License Model applicable for your license appears from the download page in the App Store (AppSource) from where you downloaded the Software. The 3 difference License Models are Free License, Perpetual License or Subscription License. The Software may have different restrictions and functionality under the different License Model even if the Software has the same name. 1.2.1. Free License: No license fee is charged by us for this license. You may however experience restrictions, limitations and less functionality compared to paid licenses. 1.2.2. Perpetual License: One-off license fee is charged by us and you are granted a perpetual license, and the license granted presupposes the license fee is paid by you. Otherwise the license is immediately revoked. 1.2.3. Subscription License: A running license fee is charged by us for a Subscription Period of 12 months, and if not terminated according to Clause 6 below, we will charge a new license fee for the next Subscription Period. The license fee is adjusted annually by the same rate as the Danish price index named "Statistic Denmark's Consumer price index". However, the minimum adjustment is 1 % per anno. All adjustments are implemented on January the 1th.The license granted presupposes the license fee is paid when due and otherwise the license is immediately revoked. 1.3. This License Agreement also applies for all future updates to the Software. The license and right to use the Software only covers the specific version of the Software. 1.4. The right of use only applies for the Software itself and does not apply to any third party software, even if such licenses/software are requisite for the Software or specific functionality to work properly. 2. Intellectual property, copying, distribution and modifying 2.1 All intellectual property, including copyrights, to or in the Software (including any parts of it, source code, manuals, names/trademarks etc.) belongs to us, and no intellectual property is assigned or transferred to you. 2.2 The "right to use" granted to you is a personal right for you and you only and you are not entitled to transfer nor emit the Software, or emit the right to use the Software, to any third party or grant rights on it (sublicense). 2.3 You shall not decompile the Software, duplicate the code and/or translate it or otherwise submit it to reverse engineering. Including, yet not exclusively, getting round (technical) protection. 2.4 You shall not make the Software public or in any way copy and/or otherwise distribute the Software. 2.5 You may not make any modification in the Software, including, yet not exclusively: removing and/or modifying attentive names indicating intellectual ownership rights (eg. Trademarks), and/or any other reference to us a licensor and owner of the intellectual property rights. 3. Warranties and remedy 3.1. Software is standard software and provided on an `as is` basis. Although, the Software is developed with care and tested, we cannot guarantee the Software are without any defects or works flawless and/or are respectively without any omissions. Additionally, you should examine the Software beforehand and we do not guarantee that the Software is fit for your intended purpose and/or use. 3.2. For functions of the Software it may be necessary for the Software to obtain data from third party software and/or databases and we disclaim all liability for possible third party software, which is installed or used by you that is necessary for using the Software, and we do not warrant that the exchange of information between the Software and any third party software will work error free and flawless as errors og changes of the API or third party software are beyond our control. You are sole responsible for all necessary licenses and to obtain user rights to use any third party software in connection with the Software. 3.3. If the Software should have material defect and in essence do not work in accordance with the documentation and functionality embedded in the Software we will remedy such material defect or lack of conformity depending on the License Model: 3.3.1. Free License: No remedy is offered. 3.3.2. Perpetual License: On the condition that you have send a substantiated claim in writing to us within 6 months after downloading the Software we will within reasonable time release a patch or update. 3.3.3. Subscription License: We will within reasonable time after having received your substantiated claim release a patch or update. 3.4. The above states the sole remedy and exclusive rights for you in regard to any defects. Notwithstanding the above we will however, even if we are under no obligation to do so, continuously develop the Software and from time to time release patches and updates that you may download. 4. Limitation of liability 4.1. OUR LIABILITY FOR ANY FORM OF DAMAGE IS ENTIRELY EXCLUDED, AND WE SHALL NOT BE LIABLE TOWARDS YOU OR ANY USERS OF THE SOFTWARE FOR DIRECT OR INDIRECT LOSS, INCLUDING LOSS/DAMAGE OF DATA, EXPECTED PROFIT OR SAVINGS, BADWILL OR ANY TYPE OF CONSEQUENTIAL DAMAGES. SHOULD WE HOWEVER BE HELD LIABLE NOTWITHSTANDING THE ABOVE EXCLUSION OUR TOTAL LIABILITY IS LIMITED TO THE LICENSE FEE WE RECEIVED FORM YOU WITHIN THE LAST 12 MONTH PRIOR TO YOUR SUBMISSION OF A JUSTIFIED COMPLAINT. 5. Support and updates 5.1. We do not furnish you with any support to the Software under this License Agreement. For support and help you are welcome to contact us but our services will by default be billable at current rates. 5.2. From time to time we will release patches and updates to the software, remedying defects and adding new functionalities etc., but we make however no guarantees in that regard, and there may be differences in regard our offers to users of respectively the Free License, Perpetual License or Subscription License version of the Software. 6. Termination 6.1. We have the right to terminate the License Agreement with immediate effect, if you breaches one or more of your obligations outlined in this License Agreement eg. by not paying the license fee or yearly subscription fee. 6.2. The Subscription License can be terminated by each party with a written notice of 3 month to the expiry of a Subscription Period. 6.3. In all cases of termination of the License Agreement you are obligated to without undue delay to uninstall the Software from all your devices. 7. Governing Law and Venue 7.1. This License Agreement shall be interpreted and construed according to, and governed by, Danish Law. Disputes or controversy arising out of, or relating to this License Agreement shall be - exclusively - brought before the district court where we are established in Denmark. Navtilus Software LPC Denmark, Aalborg the 25 April 2018 Skelagervej 377D DK-9000 Aalborg T +45 7025 2555 CVR 26089638 Jutlander Bank 9337 298514 info@navtilus.dk www.navtilus.dk