1. TERMS

These Terms and Conditions ("T&Cs") govern the access to and use of the Naval Brain platform, including the website available at Naval Brain and the web application accessible at Naval Brain App (collectively referred to herein as the "Platform" or the "Services"), which are owned and operated by Naval Brain Ltd, as further described in Clause 2 below. Please read these T&Cs carefully before accessing or using the Platform. By accessing, browsing, registering with, subscribing to, or otherwise using the Platform and/or the Services, you acknowledge and confirm that you have read, understood, and agree to be legally bound by these T&Cs, as amended from time to time. If you do not agree with any provision of these T&Cs, you must immediately cease all access to and use of the Platform and the Services. For the purposes of these T&Cs, references to “you”, “your”, or the “Customer” shall mean any individual person accessing or using the Platform in any capacity, as well as any authorised user, representative, employee, agent, contractor, affiliate, or other person acting on behalf of a subscribing legal entity. Where you access or use the Platform on behalf of a legal entity, you represent and warrant that you are duly authorised to act on behalf of and legally bind such entity to these T&Cs. Where you access or use the Platform in your personal capacity, you represent and warrant that you possess the legal capacity and authority to enter into and be bound by these T&Cs. Any new features, functionalities, modules, applications, analytics, software components, tools, or services introduced to or made available through the Platform from time to time shall, unless expressly stated otherwise, also be governed by and subject to these T&Cs.

2. ABOUT US

Our Information: The Platform is owned and operated by Naval Brain Ltd, a private limited liability company duly incorporated and registered under the laws of the Republic of Cyprus under registration number HE ____, with its registered office situated at Vasili Michailidi 21-23, Limassol, Cyprus (hereinafter referred to as "NavalBrain" or "we" or “our” or "us"). NavalBrain operates a physics-informed performance intelligence platform for the commercial shipping industry, designed to provide, inter alia, hull performance monitoring, fuel efficiency analytics, operation performance modelling, fleet monitoring, and AI-assisted decision support tools and recommendations to commercial shipping operators, ship managers, technical managers, fleet managers, and related maritime stakeholders. For the purposes of these T&Cs, each of NavalBrain and Customer may be hereto individually referred to as the “Party” and collectively as the “Parties”.

Contact Information:Should you wish to contact us in connection with the Platform, the Services, or these T&Cs, you may do so by email at enquiries@navalbrain.com during our normal business hours, namely Monday to Friday from 09:00 - 18:00 Eastern European Time (EET), excluding weekends and public holidays in the Republic of Cyprus. The procedure for formally notifying us on any matter within the scope of this Agreement (as defined below), is set out in Clause 17.

Communications from NavalBrain:Where NavalBrain is required or permitted to contact you pursuant to this Agreement, such communication may be made by email to the email address provided by you during the account registration, onboarding, subscription, or ordering process, or to any updated contact details subsequently notified by you to NavalBrain in writing.

3. OUR AGREEMENT WITH YOU

Agreement:These T&Cs govern and apply to your access to and use of the Platform and the Services made available through it, including, inter alia, the hull performance monitoring, fleet monitoring, fuel efficiency analytics, operation performance modelling, and AI-assisted decision support tools and recommendations and any related software, tools, analytics, modules, content, features, or services provided by NavalBrain from time to time (the "Agreement"). Except as expressly agreed in writing by NavalBrain, no other terms or conditions, whether implied by law, custom, trade practice, course of dealing, or otherwise, shall apply or have any legal effect.

Entire Agreement: The Agreement constitutes the entire agreement between you and us concerning its subject matter and supersedes and extinguishes all prior drafts, agreements, understandings, representations, warranties, negotiations, discussions, and arrangements, whether oral or written, relating thereto. You acknowledge and agree that you have not relied on any statement, promise, or representation, assurance, undertaking or warranty made or given by or on behalf of NavalBrain which is not expressly set out in this Agreement, and, to the fullest extent permitted by the applicable law, you irrevocably waive any claim, right, or remedy in respect of any innocent or negligent misrepresentation or negligent misstatement not expressly contained herein.

Incorporated Policies: This Agreement shall additionally include and incorporate by reference NavalBrain’s Privacy Policy and Cookies Policy, as amended from time to time, which form an integral part of these T&Cs. The Privacy Policy may be accessed here, and the Cookies Policy may be accessed here.

Your Copy: You are advised to print, download, and/or retain a copy of these T&Cs and any applicable Order or subscription confirmation for your records and future reference.

4. ACCOUNT CREATION, ONBOARDING, ACCESS APPROVAL, AND SERVICE SUBSCRIPTION

Eligibility and Business Use: Access to and use of the Platform is permitted solely to persons who are at leaser eighteen (18) years of age and who either: (a) act in their professional or commercial capacity; or (b) are duly authorised to represent and legally bind a legal entity in connection with the use of the Platform and the Services. The Platform and the Services are intended exclusively for business and commercial use within the maritime and shipping industry and are not directed to, intended for, or offered to consumers acting outside their trade, business, or profession.

Registration and Account Creation: Any registration, onboarding request, or account creation submitted through the Platform shall constitute a request by you to access and use the Services in accordance with these T&Cs and any applicable Order. You agree to comply with all onboarding, registration, authentication, and verification procedures communicated by NavalBrain from time to time, including any on-screen instructions relating to the setup and maintenance of your account. For any onboarding or registration assistance, you may contact NavalBrain at enquiries@navalbrain.com.

Activation and Continued Access: NavalBrain reserves the right to refuse, suspend, delay, restrict, or discontinue activation of, or access to, the Platform and/or the Services in the event that: any registration, onboarding, billing, corporate, technical, or account information provided is incomplete, inaccurate, misleading, outdated, or unverifiable; you fail to provide the vessel data, noon report feeds, operational inputs, documentation, integrations, or technical information reasonably required for the provision of the Services; any subscription fee, invoice, payment authorisation, or recurring payment arrangement fails, is rejected, remains unpaid, or is revoked; you fail to satisfy NavalBrain’s eligibility, compliance, verification, onboarding, or due diligence requirements; or (e) NavalBrain reasonably determines that your access to or use of the Platform may expose NavalBrain to legal, regulatory, operational, reputational, cybersecurity, or commercial risk.

Right to Reject Registration: NavalBrain reserves the absolute right, at its sole and unfettered discretion and without any obligation to provide reasons, to reject, decline, suspend, or terminate any registration, onboarding request, account application, or access request to the Platform and/or the Services.

Account Activation: In the event that NavalBrain is unable or unwilling to activate your account or provide access to the Services, NavalBrain may notify you using the contact details provided during registration. NavalBrain shall have no obligation to provide access to the Platform or commence the provision of any Services unless and until all onboarding, compliance, technical, operational, and payment requirements have been fully satisfied to NavalBrain’s reasonable satisfaction.

5. METHODS OF PAYMENT

Access to the Platform and the Services is provided on a subscription basis, subject to the subscription plan, fees, payment terms, and any additional commercial terms agreed between the Parties in a separate order form, proposal, onboarding confirmation, invoice, or other written agreement (the “Order”). All subscription fees, charges, and amounts payable under this Agreement are exclusive of Value Added Tax (“VAT”) and any other applicable taxes, duties, levies, or governmental charges, which shall be payable by the Customer in addition to the fees, unless expressly stated otherwise in writing. Payment methods, billing arrangements, subscription plans, renewal terms, and accepted payment options shall be communicated to you during the onboarding or subscription process. Unless otherwise agreed in writing, all subscription fees are payable in advance and any recurring subscription shall automatically renew for successive renewal periods equal to the initial subscription term, unless terminated in accordance with terms of this Agreement. NavalBrain reserves the right to amend or revise its subscription fees, pricing, structure, or billing terms at any time upon providing the Customer with reasonable prior written notice. Where payment is effected by bank transfer, invoice, or any method other than automatic electronic payment, all invoiced amounts shall be due and payable within the period specified in the relevant invoice and without any deduction, withholding, counterclaim, or set-off. In the event of any delay or failure in payment, NavalBrain reserves the right, without prejudice to any other rights or remedies available to it under this Agreement or at law, to suspend, restrict, or terminate the Customer’s access to the Platform and/or the Services until full settlement of all outstanding amounts is effected. Except where otherwise required by applicable law or expressly agreed by NavalBrain in writing, all subscription fees, charges, and payments made under this Agreement are non-cancellable and non-refundable, including in cases of partial use, non-use, suspension, or early termination of the Services by the Customer.

6. PLATFORM ACCESS AND SERVICE DELIVERY

Scope of Services:The NavalBrain Platform provides physics-informed performance intelligence and analytical services for vessels through the processing and analysis of Customer Data (as defined below), including vessel noon report and related operational datasets. The Platform provides the following: Burning Intelligence - Analyses fuel consumption: Creates physics-informed models that track daily fuel oil consumption, and attribute every ton of consumed fuel to its physical cause (ME load, Auxiliaries, weather, draft, trim, hull degradation, propeller residual etc.), comparing reported consumption against theoretical baseline. Hull Intelligence - Computes and forecasts hull efficiency: Creates hull fouling index, historical analysis of hull degradation and severity updated daily and anchored to ISO 19030 and ITTC kS roughness scale, with drydock-aware trajectory modeling and forecast of the fuel cost because of hull. Retrofit & Finance - Creates retrofit models: Generates new resistance and economical models to test the operational effectiveness and ROI for hull, propeller, and energy-saving-device retrofits, with regulatory impact analysis (CII, EEXI, FuelEU Maritime) per retrofit proposed. Decision Support - Recommends decisions and live standing orders: Operational recommendations and standing orders derived from the above three, each explainable along three axes: money (€/day), engineering (physics rationale), and law (regulatory and compliance). Contains LLM infrastructure scoped to each client’s fleet history. The Platform operates exclusively through software-based analytics and computational modelling. No onboard hardware, physical equipment, or vessel retrofit or installation services are supplied or required by NavalBrain. The Services rely on Customer Data, AIS information, and vessel performance baselines supplied to or obtained by the Platform.

Service Availability:NavalBrain shall use commercially reasonable efforts to maintain the availability and functionality of the Platform during normal business operations. However, NavalBrain does not warrant or guarantee that access to the Platform or the Services shall be uninterrupted or error-free or continuously available. NavalBrain shall not be liable for any interruption, delay, degradation, or unavailability arising from scheduled maintenance, emergency maintenance, failures of telecommunications, hosting, cloud, or third-party infrastructure, cyber incidents or security events, force majeure events, or circumstances beyond NavalBrain’s reasonable control. Where reasonably practicable, NavalBrain shall endeavour to provide prior notice of scheduled maintenance.

Service Levels and Support Disclaimer:Unless expressly agreed otherwise in a separate written service level agreement executed between the Parties, NavalBrain does not guarantee any minimum uptime, availability level, response time, resolution time, support coverage, or uninterrupted access to the Platform or the Services. Any support, maintenance, assistance, onboarding, or technical response times communicated by NavalBrain are provided on a commercially reasonable efforts basis only and shall not constitute binding service commitments.

Pilot, Trial, Demonstration Access:NavalBrain may, at its sole discretion, provide pilot, trial, demonstration, or evaluation access to the Platform or certain functionalities thereof for a limited duration. Any such access shall remain subject to these T&Cs and to any additional terms communicated by NavalBrain. NavalBrain reserves the right, at any time and without liability, to modify, suspend, restrict, or terminate any pilot, trial, or demonstration access.

7. TERMINATION

Termination or Suspension by NavalBrain NavalBrain may, at its sole discretion and without prejudice to any other rights or remedies available to it (including, inter alia, the recovery of outstanding fees and/or damages for breach), immediately suspend or terminate this Agreement and/or the Customer’s access to the Platform, in whole or in part and without prior notice, in the event that: any fees or amounts payable remain outstanding for more than fourteen (14) days after becoming due; the Customer breaches any provision of this Agreement and, where capable of remedy, fails to remedy such breach within seven (7) days following written notice; the Customer uses the Platform unlawfully, fraudulently, negligently, harmfully, or in a manner which may comprise the security, integrity, reputation, or operation of the Platform or NavalBrain; the Customer engages in, permits, facilitates, or is reasonably suspected by NavalBrain of engaging in any unauthorised access, hacking attempt, cybersecurity incident, penetration attempt, malicious code deployment, denial-of-service attack, scraping activity, or any other activity intended to disrupt, damage, test, circumvent, or interfere with the Platform or its underlying systems; the Customer becomes subject to any applicable sanctions, export control restrictions, anti-money laundering restrictions, or is designated on any sanctions list maintained by the European Union, United Nations, United Kingdom, United States, or any competent authority, or where continued provision of the Services may cause NavalBrain to breach any applicable sanctions or regulatory requirements; the Customer becomes insolvent, enters liquidation, administration, examinership, bankruptcy, or any analogous procedure; or NavalBrain reasonably believes that continued provision of the Services may expose NavalBrain to legal, regulatory, cybersecurity, reputational, or operational risk. Termination by Customer The Customer may terminate this Agreement by providing NavalBrain with thirty (30) days’ prior written notice. Termination shall not relieve the Customer from its obligation to pay any outstanding fees, charges, or other amounts payable up to the effective date of termination. Effect of Termination Upon termination or expiry of this Agreement: all rights granted to the Customer under this Agreement shall immediately cease; the Customer’s access to the Platform and Services may be suspended or permanently disabled; all outstanding fees and payment obligations shall immediately become due and payable; and NavalBrain may delete or anonymise Customer Data in accordance with its internal policies, provided that the Customer may request a copy/export of its Customer Data within thirty (30) days from termination. Thereafter, NavalBrain shall have no obligation to retain or provide data access to the Customer. Termination shall not affect any accrued rights, remedies, obligations, or liabilities of either Party.

8. CUSTOMER DATA AND DATA INPUTS

Customer Data Ownership As between you and NavalBrain, you retain all right, title, and interest in and to all data you submitted, uploaded, transmitted, or otherwise made available to the Platform, including, inter alia, vessel operational data, noon reports, voyage data, performance baselines, and related datasets (collectively, the "Customer Data"). Licence to NavalBrain You hereby grant NavalBrain a non-exclusive, worldwide, royalty free licence to host, process, analyse, store, reproduce and use the Customer Data solely to the extent necessary for providing the Services; maintaining and improving the Platform; performing analytics and diagnostics; and complying with applicable legal and regulatory obligations. Aggregated and Anonymised Data The Customer expressly acknowledges, consents and agrees that NavalBrain may compile, process, and use Customer Data in statistical, de-identified, anonymised, and aggregated form for benchmarking, research, development, machine learning optimisation, testing, commercial analytics, and improving of the Platform and related services, provided that such data cannot reasonably identify the Customer, its fleet, personnel, or any individual vessel. Customer Responsibility for Data Quality The Customer acknowledges and agrees that the accuracy, reliability, and usefulness of the Outputs (as defined below) depend materially on the accuracy, completeness, consistency and quality of the Customer Data submitted to the Platform. NavalBrain shall have no liability whatsoever for any inaccuracies, deficiencies, delays, or errors in any Outputs arising from incomplete, inaccurate, corrupted, inconsistent, untimely, insufficient, or incorrect Customer Data.

9. AI FEATURES AND RECOMMENDATIONS

Nature of Outputs The Platform utilises proprietary computational models, machine learning systems, and physics-informed analytical methodologies, including Neural ODEs, Kalman filters, and methodologies derived from ISO 15016, ISO 19030, Holtrop & Mennen resistance equations, and Townsin roughness allowances, filtering models, and performance analytics frameworks, to generate analytical outputs, forecasts, diagnostics, and operational recommendations (the "Outputs"). Information and Advisory Nature All Outputs are generated algorithmically, through machine learning and physics-based computational processes, and are provided strictly for informational, analytical, and decision-support purposes only. Outputs do not constitute, and shall not be construed as: navigational instructions or voyage routing advice; class-approved assessments or certifications; marine engineering, technical, legal, or professional advice; safety certifications or seaworthiness determinations; statutory, regulatory, SOLAS, MARPOL, ISM Code, or other compliance advice; or professional consultancy services. Outputs shall not be relied upon for navigational safety, collision avoidance, seaworthiness assessments, emergency response, or compliance with SOLAS, MARPOL, COLREGs, ISM Code, or any other mandatory maritime safety, operational, or regulatory obligations. NavalBrain does not warrant or represent that any Output is accurate, complete, reliable, error-free, uninterrupted, current or suitable for any particular operational, navigational, technical, commercial, or regulatory purpose. All Outputs are intended as decision-support tools only and do not constitute certified class survey results, navigational instructions, or professional marine engineering advice. Human Review Requirement The Customer acknowledges and agrees that all navigational, operational, technical, maintenance, commercial, safety and regulatory decisions in relation to any vessel (including but not limited to trim adjustments, speed changes, drydock scheduling, and hull maintenance planning), shall remain at all times under the sole responsibility, control, and professional judgment of the Customer, the vessel’s master, officers, crew, technical managers, and other qualified personnel. The Customer further acknowledges that the Platform is not intended to replace human oversight, navigational judgment, mandatory bridge procedures, statutory compliance processes, class requirements, or professional marine expertise, and no Output shall be implemented or relied upon without appropriate independent review and verification by competent personnel. For the avoidance of doubt, NavalBrain’s recommendations are advisory in nature and must not be implemented without adequate human review by a competent officer or superintendent. ISO and Methodology References Any references to ISO standards, methodologies, equations, or frameworks are included solely for methodological transparency and explanatory purposes and shall not be interpreted as certification, endorsement, approval, or accreditation by any standards bodies, classification society, flag authority, or regulatory authority. No Classification Society Relationship The Platform and Services are independent analytical and decision-support tools and are not affiliated with, approved by, certified by, or acting on behalf of any classification society, flag administration, recognised organisation, or maritime regulatory authority. The Platform does not provide classification services, statutory certification services, vessel surveys, seaworthiness determinations, or class-approved assessments and shall not be construed as a substitute for any class survey, inspection, certification, or professional marine engineering review. AI Model Improvement NavalBrain may use Customer Data to improve, train, calibrate, validate, and optimise the accuracy and performance of the Platform’s AI models and systems, but only where such data has been de-identified and aggregated in accordance with Clause 8.3.

10. INTELLECTUAL PROPERTY RIGHTS

Ownership All intellectual property rights in and to the Platform, including all algorithms, source code, object code, models, software, AI models, analytics, methodologies, user interface, documentation, reports, designs, trade names, trademarks, and all content presented thereon are and shall remain at all times the exclusive intellectual property of NavalBrain, protected under applicable copyright, patent, trade secret, and other intellectual property laws. Restrictions Except as expressly permitted under this Agreement, the Customer shall not, directly or indirectly: reverse engineer, decompile, disassemble, or attempt to derive source code; copy, reproduce, modify, adapt, translate, distribute, or create derivative works; use the Platform or Outputs for benchmarking, competitive analysis, model training, or the development of competing systems; commercially exploit, sublicense, or provide access (in any way) to the Platform or its Outputs, to third parties, without the express prior written consent of NavalBrain; or use any trademarks, service marks, or copyrighted materials of NavalBrain, including its logo, name, or proprietary methodology designations, without such consent. Limited License NavalBrain grants the Customer aa limited, non-exclusive, non-transferable, revocable licence to access and use the Platform solely for the Customer’s internal business operations and purposes during the applicable subscription term and subject to these T&Cs.

11. PRIVACY POLICY

We will treat all your personal data processed in connection with the Platform with due diligence and confidentiality. We will keep it on a secure server and will fully comply with all applicable privacy laws and regulations, including the General Data Protection Regulation (EU) 2016/679 and relevant Cypriot implementing legislation. For more details on how we collect and process your personal data, and for what purposes, and how you may exercise your rights, please see our Privacy Policy.

12. USE OF COOKIES

The Naval Brain Platform, on its website https://navalbrain.com, uses cookies to distinguish you from other users, to maintain session continuity, and to improve your browsing experience. A cookie is a small file of letters and numbers stored on your device when you visit a website, and may be used for purposes including identifying users, facilitating seamless access to the Platform, and collecting analytics data. For more information about the cookies we use, their purposes, and how to manage them, please refer to our Cookies Policy.

13. CONFIDENTIALITY

Each of the Parties agrees and undertakes to keep confidential any non-public information disclosed by or on behalf of the other party in connection with this Agreement ("Confidential Information"), and to use such information solely for the purposes of fulfilling its obligations under this Agreement. Each of the Parties acknowledges that breach of confidentiality may cause irreparable harm to the other party and for that reason, each of them shall apply at least reasonable care, and no less than the standard applied to its own Confidential Information, and to protect such Confidential Information from unauthorised access, disclosure, or use. The Customer acknowledges that the Platform, methodologies, algorithms, model architecture, and technical documentation constitute Confidential Information and valuable proprietary know-how of NavalBrain. NavalBrain acknowledges that the Customer Data and vessel operational information constitute the Confidential Information of the Customer. The obligations under this Clause shall survive termination of this Agreement.

14. AUDIT RIGHTS AND SYSTEM LOGS

NavalBrain may maintain system activity logs, access records, usage data, audit trails, and technical records relating to use of the Platform for operational, security, compliance, support, and evidentiary purposes. Upon reasonable prior notice and during normal business hours, NavalBrain reserves the right to audit or review the Customer’s use of the Platform solely for the purpose of verifying compliance with this Agreement, cybersecurity requirements, licensing restrictions, and applicable laws.

15. FORCE MAJEURE / EVENTS OUTSIDE OUR CONTROL

We will not be liable or responsible for any failure or delay in performing any of our obligations under the Agreement which is due to any act or event outside our reasonable control ("Events Outside Our Control"), including but not limited to power outages, internet failures, third-party infrastructure disruptions, acts of God, war, or regulatory restrictions. If an Event Outside Our Control occurs which affects our performance: (a) we will contact you as soon as reasonably practicable to inform you; and (b) our obligations under the Agreement will be suspended and the time to perform our obligations will be extended for the duration of the Event. If the Event Outside Our Control continues for more than thirty (30) days, either Party may terminate the Agreement by written notice.

16. LIMITATION OF LIABILITY/DISCLAIMER

Use of Own Risk The Platform, Services, Outputs, analytics, forecasts and recommendations are provided strictly on an “AS IS” and “AS AVAILABLE” basis and are used entirely at the Customer’s own risk without warranties of merchantability, fitness for purpose, non-infringement, or accuracy. No Warranty To the fullest extent permitted by applicable law, NavalBrain disclaims all representations, warranties, guarantees, and conditions, whether express, implied, statutory, or otherwise, including warranties of accuracy, reliability, merchantability, fitness for a particular purpose, availability, non-infringement, or suitability. No Warranty of Regulatory Compliance NavalBrain does not represent, warrant, or guarantee that the Platform, the Services, or any Outputs will ensure or result in compliance with any applicable laws, regulations, standards, or regulatory frameworks, including without limitation: IMO regulations; FuelEU Maritime requirements; EU ETS requirements; Carbon Intensity Indicator (“CII”) obligations; Energy Efficiency Existing Ship Index (“EEXI”) requirements; MARPOL obligations; or any other environmental, emissions, operational, technical, or maritime compliance regime. The Customer remains solely responsible for ensuring compliance with all applicable legal, regulatory, classification, operational, and safety obligations. Exclusion of Liability NavalBrain shall not be liable for any loss, damage, liability, claim, cost, or expense arising from or relating to: (a) reliance on Outputs or recommendations; (b) operational or navigational decisions; (c) inaccuracies in Outputs resulting from incomplete or inaccurate Customer Data; (d) third-party data sources integrated into the Platform; or (e) any interruptions or downtime; or (f) unauthorised access, cyber incidents, or force majeure events. Cybersecurity and Third-Party Systems Disclaimer The Customer acknowledges that the Platform operates through internet-based systems, third-party infrastructure, AIS feeds, satellite communications, cloud environments, and external data sources which may be vulnerable to cybersecurity incidents, unauthorised access, malware, ransomware, denial-of-service attacks, AIS manipulation, GPS spoofing, data corruption, communications failures, or other cyber threats. To the fullest extent permitted by applicable law, NavalBrain shall not be liable for any loss, damage, liability, delay, inaccuracy, interruption, or operational consequence arising out of or connected with: cybersecurity incidents or cyberattacks; hacking attempts or unauthorised access; malware, ransomware, viruses, or malicious code; AIS manipulation, spoofing, jamming, or falsified vessel data; GPS spoofing or navigational signal interference; failures or breaches of third-party systems, infrastructure, hosting providers, or telecommunications networks; or any compromise of Customer systems, credentials, networks, or environments not directly controlled by NavalBrain. Limitation of Liability To the maximum extent permitted by applicable law, NavalBrain’s aggregate liability arising under or in connection with this Agreement, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, shall not exceed the total fees actually paid by you to NavalBrain during the twelve (12) months immediately preceding the event giving rise to the claim. Excluded Losses In no event shall NavalBrain be liable for: (a) any loss of profits, revenue, or business opportunities; (b) any loss of anticipated savings; (c) any indirect, incidental, special, punitive, or consequential loss; (d) any losses arising from reliance on Outputs as the sole basis for any operational, commercial, or financial decisions; or (e) for any losses arising from vessel operations, navigational decisions, charterparty performance, fuel consumption, off-hire events, drydock scheduling, maintenance decisions, environmental compliance, vessel detention, port state control actions, class actions, cargo claims, collisions, pollution incidents, or any maritime casualty whatsoever. Disclaimer No failure, delay, relaxation, or omission by NavalBrain in exercising or enforcing any right, remedy, power, or privilege under this Agreement shall operate or be construed as a waiver thereof, nor shall any single or partial exercise of any such right, remedy, power, or privilege preclude any further exercise thereof. Any waiver by NavalBrain shall only be valid if made expressly and in writing. The Platform may contain links to, integrations with, or references to third party websites, services, platforms, or content provided solely for convenience and informational purposes. NavalBrain does not control, endorse, monitor, or assume any responsibility or liability for the availability, accuracy, legality, security, content, products, services, or privacy practices of any such third-party websites or resources. Access to and use of any third-party websites or services shall be entirely at the Customer’s own risk and subject to the applicable third-party terms and conditions.

17. COMMUNICATION BETWEEN US

Any notice or other communication given under or in connection with this Agreement must be in writing and may be delivered by hand, courier, registered post, or email to the contact details notified by you from time to time. Notice or other communication shall be deemed duly received: if delivered personally or by courier, upon written acknowledgement of receipt; if sent by registered post, at 09:00 a.m. (EET) on the fifth (5th) Business Day following posting; if sent by email, at 09:00 a.m. (EET) on the next Business Day after transmission, provided that no delivery failure notification has been received by the sender. For the purposes of this Clause, “Business Day” means a day other than a Saturday, Sunday, or public holiday in the Republic of Cyprus. The provisions of this Clause shall not apply to service of legal proceedings or any other documents in any legal action or judicial process. Any questions, requests, notices, or complaints regarding the Platform or the Services, may be submitted to NavalBrain by email at enquiries@navalbrain.com.

18. GENERAL

User Liability The Customer shall comply at all times with all applicable laws and regulations of the Republic of Cyprus, European Union, and any other applicable jurisdiction in connection with its access to and use of the Platform and the Services. You agree to use the Platform and its Services in good faith, in accordance with accepted business practices, and solely for lawful and authorised purposes. Any damage caused to NavalBrain or to third parties by your misuse or improper use of the Platform shall be your sole responsibility. The Customer shall not, and shall ensure that its users, employees, contractors, and representatives do not (a) provide false, misleading or inaccurate information, (b) impersonate any other person or entity, (c) attempt to gain unauthorised access to the Platform or its underlying systems, networks, data, or infrastructure, (d) interfere with, disrupt, compromise, damage, test, scan, or circumvent the security, integrity, availability, or operation of the Platform; (e) engage in hacking attempts, abusive usage, automated scraping, malicious code deployment, denial-of-service activities, or cybersecurity attacks; and (f) use the Platform in a manner that could compromise its integrity, security, or performance. Sanctions Compliance The Customer represents, warrants, and undertakes that neither it, nor any of its affiliates, vessels, beneficial owners, operators, charterers, cargoes, counterparties, or transactions in connection with the use of the Platform are subject to or conducted in violation of any applicable sanctions, restrictive measures, or trade embargoes imposed or administered by the United States Office of Foreign Assets Control (“OFAC”), the European Union, the United Kingdom, the United Nations, or any other applicable sanctions authority. The Customer shall not use the Platform in connection with any sanctioned person, entity, vessel, cargo, trade, or jurisdiction, including any activities involving sanctioned or shadow fleet operations. NavalBrain reserves the right, at its sole discretion and without liability, to immediately suspend or terminate access to the Platform where it reasonably believes that continued provision of the Services may expose NavalBrain to sanctions-related, legal, regulatory, reputational, or compliance risk. Export Control Compliance The Customer acknowledges that the Platform, software, algorithms, analytical models, technical data, and related technology may be subject to applicable export control and re-export laws and regulations. The Customer shall not access, use, export, re-export, transfer, disclose, or otherwise make available the Platform or any related technology in violation of any applicable export control laws or regulations of the European Union, the United States, the United Kingdom, or any other applicable jurisdiction. Assignment and Transfer NavalBrain may, at any time and without the Customer’s prior consent, assign, transfer, novate, subcontract, charge, or otherwise deal with any or all of its rights and obligations under this Agreement, including in connection with any merger, acquisition, corporate restructuring, sale of assts, or transfer of business. You may not assign, transfer, novate, sublicense, delegate, or otherwise dispose of any of your rights and/or obligations under this Agreement without the prior written consent of NavalBrain. Amendments and Modification NavalBrain reserves the right to amend, modify, update, or replace these T&Cs from time to time. Any material amendments will be communicated to you by email or through the Platform with reasonable prior notice before taking effect. Continued access to or use of the Platform following such notification shall constitute acceptance of the revised T&Cs. Any specific amendment, variation, or modification agreed between the Parties shall only be effective if made in writing and signed by their duly authorised representatives. Governing Language This Agreement is drafted in the English language. If this Agreement is translated into any other language, the English language version shall prevail and govern in the event of any conflict, inconsistency, ambiguity, or discrepancy between the different language versions. Applicable Law and Jurisdiction This Agreement shall be governed by the laws of the Republic of Cyprus and each of Naval Brain and Customer irrevocably agrees that any dispute, controversy, claim, or matter arising out of or in connection with this Agreement, shall be governed by and construed in accordance with the laws of the Republic of Cyprus and f be submitted to the exclusive jurisdiction of the courts of the Republic of Cyprus. Severability Each provision of these T&Cs shall operate separately. If any provision is held invalid or unenforceable by a court of competent jurisdiction, this shall not affect the validity and enforceability of the remaining provisions, which shall continue in full force and effect. Headings The headings used in this Agreement are included for convenience only and shall not limit or otherwise affect these T&Cs. Third Party Rights This Agreement is between NavalBrain and you. No other person shall have any rights to enforce any of its provisions.