1.1 These general terms and conditions for reservation of Ripple Boats Launch Edition (these “Terms”) shall apply between Ripple Boats AS, Reg. No. 929 494 008, a limited liability company incorporated under the laws of Norway (“Ripple Boats”), and any customer (a “Customer”) when the Customer participates in Ripple’s program for reserving the opportunity to order Ripple Boats Launch Edition (the “Program”) when the Ripple Boats Launch Edition (the “Boat”) is available for order.

1.2 Unless otherwise stated under these Terms, these Terms shall apply irrespective of whether the Customer is a consumer, i.e., a natural person who is acting for purposes outside its trade, business, craft or profession (a “Consumer”) or a natural person or legal entity, irrespective of whether privately or publicly owned, who is acting for purposes relating to its trade, business, craft or profession (a “Trader”).

1.3 These Terms shall in no event be construed as to exclude and/or limit Ripple Boats’ liability that cannot be limited and/or excluded under mandatory consumer protection laws and in the event of a conflict between these Terms and such applicable mandatory consumer protection laws, the mandatory consumer protection laws shall always prevail.

2.1 Participation in the Program gives the Customer the opportunity to place an order for the Boat when it is available for order from Ripple Boats. The internal priority among Customers will be determined by the Customer’s respective enrolment date in the Program. The enrolment date which is the date the customer received a reservation confirmation by e-mail in accordance with Section 2.3..

2.2 Customers must be 18 years old and accept these Terms to enrol in the Program. In this respect, the Customer explicitly confirms to Ripple Boats that the Customer is authorized to enrol in the Program. If the Customer is a Trader the Customer explicitly confirms to Ripple Boats that the relevant person that enrols in the Program is authorized to represent the Trader and enrol in the Program for the Trader’s account.

2.3 Enrolment in the Program is subject to the payment of the Reservation Fee (see Section 3). Following the Customer’s payment of the Reservation Fee, Ripple Boats will send the Customer a reservation confirmation by e-mail which includes all relevant information regarding the reservation and the Program, including but not limited to these Terms. Ripple Boats encourages the Customer to save the reservation confirmation for any future contacts with Ripple Boats regarding the reservation.

2.4 Ripple Boats reserves the right to decline new enrolments to the Program at its reasonable discretion. Ripple Boats shall also be entitled to immediately revoke a Customer’s enrolment in the Program in the event the Customer has breached its obligations under these Terms. In the event Ripple Boats has declined or revoked a Customer’s enrolment in the Program, the Customer will be notified thereof in writing and the Reservation Fee already paid to Ripple Boats by the Customer will be refunded to the Customer applying the principles set out in Section 5.3 below.

6.1 Subject to Section 1.3 above, the total liability under these Terms for Ripple Boats shall be limited to the Reservation Fee paid by the Customer.

6.2 Subject to Section 1.3 above, in no event, whether as a result of a breach of contract or warranty or background law, or under any legal theory or on other legal basis, shall any party be liable for any incidental, consequential, punitive, exemplary, special, or indirect damages or losses whatsoever including, but not limited to, loss of profit, savings, revenue, interest or investments, loss of goodwill, cost of capital, cost of substitute equipment, facilities or services, downtime costs, or claims of third parties.