ChartWorld GmbH

General Standard License Termsand Conditions
Art. 1: General, Scope of Application
1.1 The following exclusive General Standard LicenseTerms and Conditions (hereinafter: “GSLTC”) shall govern
all License Agreements between ChartWorld and its Clients. They shall apply likewise to all future License
Agreements, even if this should not be expressively statedotherwise.
1.2 ChartWorld will enter into separately stipulated contracts (hereinafter: "Ancillary Contracts") to sell anddeliver to Client digital data (e.g. Electronic Navigational
Charts (ENC), Navionics Charts in S57-Format, digital
charts in Shape-Format etc.) and, as the case may be,accompanying materials like documentation, operating
instructions, manuals, etc., (hereinafter for both, data andall accompanying materials: "DATA"). Such Ancillary Contracts are subject to ChartWorld's General Standard Purchase Terms and Conditions (GSPTC).
ChartWorld will grant Client a License to use this DATA
exclusively according to this GSLTC. ChartWorld does notrecognise purchase terms, general standard terms orother stipulations made by Client. This shall apply even if
Client makes counter confirmations with reference to Client’s own terms and conditions. Such terms and conditions shall not become part of the business relations between ChartWorld and Client even if ChartWorld remains
silent thereon or effects delivery of DATA. This GSLTC
shall apply, as well, if ChartWorld effects delivery of DATA
without reservation of rights, although being aware ofClient’s terms and conditions at the variance with theseGSLTC.
1.3 Deviations from this GSLTC are effective only if they
have been agreed upon or confirmed by ChartWorld inwriting. An oral waiver of this form requirement is not admissible.

Art. 2: Grant of License to use the DATA
2.1 ChartWorld grants to Client a non-transferable, nonexclusive License to use the DATA with the hardware
agreed upon in the Ancillary Contract (e.g. purchase contract via Internet).
2.2 The intellectual property rights used or embodied inconnection with the DATA, especially, without being limited to, industrial property rights, designs and utility patents, registered designs, proprietary rights, copyrights,
database rights, trademarks and service marks, (hereinafter for all of which: "Industrial Property Rights"), shall beand remain property of the respective owner and shall not
be transferred to Client.

DATA to the random access memory (RAM) of the agreed
upon hardware. Furthermore, Client may make one (1)backup copy for the purpose of archival storage.

Art. 3: Restrictions of License
3.1 Display of the DATA shall be restricted so that amaximum of two (2) monitors or other visual display units
display the DATA at any one time.
3.2 The utilisation of the DATA for or in connection withInternet solutions or Internet applications is not allowed.
The utilisation of the DATA for or in connection with Client's Intranet shall be subject to prior written permission
by ChartWorld.
3.3 Client shall not be entitled to alter, to extend, to modify
or to adapt DATA in any form whatsoever. However, on
ChartWorld's request Client shall carry out or let carry out
such alterations, extensions, modifications or adaptations,considered necessary by ChartWorld for the integration
and usability of the DATA for Client’s software, programsor program elements.
3.4 Client shall neither be entitled to reveal or make available hard copies of the DATA, nor to surrender, to transfer
or to convey such hard copies in any other way to thirdparties.
3.5 Furthermore, Client shall neither be entitled to integrate the DATA into other data bases, nor to decompile,
disassemble or reverse engineer the DATA.
3.6 Client shall neither be entitled to sell or to transfer, togrant license or sublicense, to hire or lend out the DATA,
nor shall Client be entitled to affect Intellectual Property
Rights or any other right embodied in or in connection withthe DATA in any other way or by any other means without
ChartWorld’s prior approval. Approval shall be made inwriting and shall be in ChartWorld’s sole discretion andmay be made subject to conditions.
3.7 Client shall undertake all necessary precautions toprevent unauthorised access to the DATA, especiallywithout limitation, by third parties. Furthermore, Client
shall ensure, that Client’s members of staff, employees,servants, agents, or any other person acting for or on
behalf of Client (hereinafter for all: "Agents") are aware ofand strictly obey this obligation, as well.

Art. 4: Legal Consequences in case of a Breach ofRestrictions

2.3 Client shall neither remove any existing identification
marks, copyright or identity marks, nor shall Client disabledisplay thereof.

4.1 In any case of breach of the restrictions as set forth inArt. 3, whether by Client or by its Agents, Client shall pay
ChartWorld a non-fault contractual penalty of€ 25.000,00. ChartWorld's other claims and rights shall not
be prejudiced.

2.4 Client shall be entitled to copy the provided DATA
only, if such copy is necessary for the agreed upon use ofthe DATA. A copy which shall be deemed to be necessary
for the agreed upon use of the DATA shall be installationof the DATA to the mass storage and download of the4.2 Furthermore, Client shall indemnify ChartWorld in theevent that the owner of the Intellectual Property Rights
embodied in or in connection with the DATA should raise aclaim because of a breach of the restrictions as set forth inCommercial Reg. No: Amtsgericht Hamburg HRB 103146 – Chief Executive Officer: John Humphrey
Bank: HSH NORDBANK - SWIFT: HSHNDEHH - Code: 210 500 00 - Account: 732 461 000
IBAN: DE28210500000732461000 - National tax Id: 02/116/03380 Finanzamt HH Altona - VAT-Id: DE259102910

-2Art. 3, whether by Client or by its Agents. In the event thatthe owner's claims are of monetary nature, Client shallrelease Chartworld on first demand.

Art. 5: SOLAS-Convention
In the event that Client is subject to the Safety of Life at
Sea (SOLAS) convention, Client accepts that the use of
the DATA does not entitle Client to contravene the termsof this convention.

Art. 6: Exclusion of Liability
6.1 Except as stated otherwise in the following provisionsof this Article, ChartWorld’s liability for damages andlosses shall be excluded, whatsoever cause in law suchliability may have and of whatsoever nature such damages
and losses may be. Such exclusion of liability shall apply
especially, without being limited to, to direct, indirect andconsequential damages and losses, to claims based on
fault prior to conclusion of contract (“culpa in contrahendo”; Sec. 311 subsec. 2 Bürgerliches Gesetzbuch;
German Civil Code), to claims based on breach of contractual duties and obligations not being related to deficiencies of the granted License, to tortious claims basedon property damages and to claims for vain expenses.

pired economic and legal purpose of the replaced provision.
Same shall apply in the event that the execution of thisGSLTC should reveal an omission, which the parties
would have avoided, if they would have perceived suchomission.
7.2 Place of performance for all obligations under thisGSLTC shall be the domicile of ChartWorld.
7.3 ChartWorld's principal place of business shall be theexclusive place of jurisdiction if Client has the status of amerchant pursuant to the Handelsgesetzbuch (GermanCommercial Code) or if Client should relocate Client'sdomicile or place of abode after conclusion of this License
Agreement out of the area of application of the Zivilprozeßordnung (German Code of Civil Procedure) or if Client's domicile or place of abode should be unknown at themoment the action was brought to court. ChartWorld,
however, shall be entitled to prosecute its rights andclaims in Client’s local court, as well.
7.4. This GSLTC shall be governed by the laws of theFederal Republic of Germany without regard to conflict oflaw provisions thereof and without regard to the United
Nations Convention on Contracts for the International Saleof Goods.

6.2 ChartWorld shall be liable in accordance with German
Law if Client claims damages and losses based upon
ChartWorld’s, its agents’ or servants’ intent or gross negligence. Inasmuch as ChartWorld is not held liable by Clientfor intentional breach of contract, ChartWorld liability fordamages and losses shall be limited to the reasonably
foreseeable and typically incurable damages and losses.
6.3 Furthermore, ChartWorld shall be liable in accordancewith German Law if ChartWorld is at fault with a breach ofan essential contractual obligation (“cardinal obligation”).
However, liability shall be limited in this case to the reasonably foreseeable and typically incurable damages andlosses, as well.
6.4 ChartWorld’s liability for negligent loss of life, or injury
to body or health remains unaffected as well as its liability
in accordance with product liability laws.
6.5 In case ChartWorld should be liable, liability for theloss of Client's data shall be limited to the reasonable
costs of recovery of such data which would have been
incurred if a backup copy of such data would have been
made at reasonable intervals.
6.6 Insofar and inasmuch as ChartWorld’s liability is limited or excluded, such limitation or exclusion shall apply toChartWorld’s members of staff, employees, servants andagents, as well.

Art. 7: Place of Performance, Jurisdiction and Governing Law
7.1 In the event, that a provision in this GSLTC should beor become fully or in part invalid or unenforceable, thevalidity or enforceability of the remaining provisions of thisGSLTC as well as the validity or enforceability of thisGSLTC itself shall not be affected or impaired in any way.
In such an event, the parties shall undertake to replace inwriting the invalid or unenforceable provision by a provision which best meets the purpose, particularly the asAs of February 2009

Commercial Reg. No: Amtsgericht Hamburg HRB 103146 – Chief Executive Officer: John Humphrey
Bank: HSH NORDBANK - SWIFT: HSHNDEHH - Code: 210 500 00 - Account: 732 461 000
IBAN: DE28210500000732461000 - National tax Id: 02/116/03380 Finanzamt HH Altona - VAT-Id: DE259102910