GENERAL TERMS AND CONDITIONS OF SALE

1. PURPOSE

1.1. These Terms and Conditions govern the relationship between the Client and Grupo Galis World, S.L. hereinafter “Pádel Galis” or the “Seller”, regarding the sale of padel courts by Pádel Galis to national ad international clients.

1.2. In particular, they apply to the products and services included in the Client Order documents issued in connection with the contracting process.

1.3. Notwithstanding the provisions of these General Conditions, in certain cases specific particular conditions may be established, which may supplement, replace or render ineffective, in whole or in part, these General Conditions. In the event of any contradiction between the General Conditions and the Particular Conditions, the latter shall prevail.

2. ACCEPTANCE

The placement of an order implies the full and unconditional acceptance of these General Conditions.

The Client acknowledges having received, read and understood these General Conditions, as well as all technical and commercial information, prior to confirming the purchase.

3. FORMALISATION OF THE ORDER

3.1. The Order shall only be considered valid, firm and binding once the Client has signed its acceptance, whether by handwritten signature, digital signature or any electronic means accepted by Pádel Galis, and once Pádel Galis has received the corresponding advance payment for the Order.

3.2. Without such signed acceptance and receipt of funds, Pádel Galis shall not be obliged to reserve materials, block manufacturing dates, start production or maintain the quoted prices.

3.3. Any subsequent modification to the Order must also be approved in writing and signed by both Parties.

3.4. Once the Order has been signed by the Client, any modification or addition that the Client wishes to make regarding the products covered by the Order, or arising from any subsequent circumstance, shall be reflected in a new Order or in a modification of the original Order. In all cases, it shall require the express written acceptance of both Parties and their signature in one of the forms established in this document. The new or modified Order shall be subject to all the provisions set out in these Conditions.

3.5. Any modification or addition, including a new contracting of products, may affect the delivery and installation dates agreed with the Client.

4. PRODUCT

4.1. Pádel Galis manufactures and sells padel courts in different configurations and specifications.

4.2. Each Order includes only the elements specified in the corresponding Order.

4.3. Installation is a service that is planned independently and whose quotation is included in the Order, where applicable.

4.4. Transport is quoted independently within the Order.

4.5. The Order presented does not include health and safety plans, preventive resources or any other expenses associated with health and safety on site. These costs shall be the sole responsibility of the Client, who must ensure compliance with all applicable occupational health and safety regulations during the installation process, including the cost of any relevant work visas required in the corresponding country in order to carry out the activity in compliance with local regulations and legislation.

5. PAYMENT TERMS

5.1. Payments shall follow the following structure:

• 50%, plus VAT where applicable: upon reservation of the Order.

• 50%, plus VAT where applicable: within five (5) working days following notification by Pádel Galis to the Client that the Order is ready for dispatch.

The general payment terms may be adapted if agreed by the Parties and shall be reflected in the quotation.

5.2. Failure to pay an Order on the same day of its creation and/or signature may result, at the discretion of Pádel Galis, in its cancellation or in the modification of the estimated production dates.

5.3. Manufacturing shall not begin until the 50% payment has been received.

5.4. The Order shall not be dispatched until the Client has paid the full amount of the Order, without prejudice to any applicable storage penalties.

5.5. Payments must be made in accordance with the bank instructions provided by Pádel Galis.

5.6. Pádel Galis reserves the right to review the quoted price in the event of increases in the price of raw materials, fuel, freight and/or changes in tariffs. For this purpose, Pádel Galis shall send the corresponding written notification to the Client.

6. MANUFACTURING AND DELIVERY TIMES

6.1. The standard manufacturing period is approximately EIGHT (8) weeks, subject to material availability, workload and scheduling.

6.2. The deadlines are indicative and do not constitute a strict contractual commitment. They may be extended by Pádel Galis depending on the state of the supply chain and/or production circumstances.

6.3. Delays arising from transport, customs, logistics operators, Client-related circumstances, force majeure or unforeseeable events shall not be the responsibility of Pádel Galis.

6.4. When installation is contracted, it shall be planned independently from the supply of the material, although Pádel Galis shall always try, where possible, to align the unloading date with the start of installation works.

6.5. Pádel Galis shall notify the Client in writing of any extensions to manufacturing and delivery times.

7. DELIVERIES

7.1. Applicable Incoterms

All deliveries of goods, whether national or international, shall be carried out in accordance with the Incoterms® 2020 rules published by the International Chamber of Commerce, unless an alternative agreement is requested and accepted in writing by both Parties.

In the case of national deliveries, Incoterms shall apply solely to define the allocation of costs, risks and responsibilities between the Seller and the Client, without affecting the applicable legal regulations.

As a general rule, the Products shall be delivered under the Incoterms FCA all modes, CIF maritime transport or DAP road transport.

7.2. Documentary requirements

As a general rule, Pádel Galis shall only issue the following transport-related documentation:

For national and intra-EU shipments:

• Commercial invoice.

• Waybill or CMR.

For international shipments outside the EU:

• Commercial invoice.

• Packing List.

• CMR, Sea Waybill or Air Waybill, depending on the type of transport chosen.

The documentation shall be issued and sent only in digital format. If the Client requires this documentation to be sent in physical format to a designated location, an additional cost of ONE HUNDRED AND FIFTY EUROS (€150) shall apply for management and shipping costs for each requested document.

It shall be the sole responsibility of the Client to inform Pádel Galis of any additional and/or complementary documentation relating to the product, packaging, container or any other requirement demanded by the customs or port authorities of the destination country. The Client must share such documentation at least fifteen (15) days before the agreed shipping date.

Likewise, the Client must provide Pádel Galis, also at least fifteen (15) days before the shipping date, with all necessary instructions for the correct issuance of the Bill of Lading, including consignee, notify party and/or any other indication, as well as the remaining commercial documentation, including invoice, packing list, etc. Pádel Galis reserves the right to review such instructions and may reject them if they do not comply with the applicable legal, operational or documentary requirements.

Any additional documentation required shall entail an additional cost of €150 for each type of document requested.

7.3. Delivery terms

7.3.1. FCA deliveries

Deliveries of products made under the Incoterm FCA – Pádel Galis premises shall be carried out at the following address:

C/ PUIG CAMPANA, 7 – POL. IND. POU DE GODOFREDO, SILLA – VALENCIA, SPAIN

Where:

• Pádel Galis shall load the goods onto the means of transport designated by the Client, on the date and at the time previously agreed and confirmed in writing.

• Pádel Galis shall carry out, where applicable, the export customs formalities DUA/EXA.

• Pádel Galis shall issue, where applicable, the export documentation previously required by the Client at least fifteen (15) days before loading.

• The risk over the goods shall be transferred to the Client once loading onto the means of transport has been completed.

This Incoterm is recommended by the Seller for international operations, as it is the most appropriate from an operational, logistical and customs perspective.

7.3.2. Delivery under CIF or DAP

Where expressly agreed, Pádel Galis may deliver under the Incoterms CIF maritime port or DAP agreed land destination.

In these cases:

• Transport shall be contracted and organised by Pádel Galis.

• Any transport quotation provided shall be estimated and may be adjusted according to changes in current rates, tariffs, charges, key dates, availability of means of transport or operational circumstances at the time of shipment.

• The exact delivery point and transfer of risk shall be those established in the agreed Incoterm. For CIF deliveries, this shall be a maritime port, and for DAP deliveries, this shall be a specific address where the goods may be unloaded directly from the truck trailer/tauliner or from the maritime container.

• The Client shall unload the goods from the designated means of transport and/or at the agreed delivery point.

• In the case of DAP, all import duties and taxes shall be borne exclusively by the Client.

7.3.3. Delivery under EXW

Delivery under EXW shall be exceptional and must be expressly requested by the Client and accepted in writing by Pádel Galis.

Where:

• Pádel Galis shall place the goods at the Client’s disposal at the loading docks of its premises, on the agreed date and time.

• The Client shall be responsible for loading, transport, insurance and customs formalities, assuming all risks and costs from the moment the goods are made available.

7.3.3.1. Delivery under EXW: obligation to have loading equipment

In the case of EXW delivery, the Client must have, on the agreed date and time, the necessary technical and human resources to load the goods.

If the Client or its carrier does not have suitable loading equipment or cannot carry out the loading under the required conditions and deadlines, the Seller may, subject to written agreement confirmed at least fifteen (15) days before the agreed loading date:

• Load the goods on behalf of the Client, charging a fixed additional cost of EIGHT HUNDRED EUROS (€800) per shipment for material loading.

• Or reschedule the loading, applying the corresponding costs and penalties in accordance with these Conditions.

Loading carried out by the Seller under EXW conditions and with the additional cost indicated above shall always be auxiliary in nature and shall be carried out on behalf of and at the sole risk of the Client, without this implying any assumption of liability by the Seller.

7.3.3.2. Delivery under EXW: customs and transport documentation obligation

In the case of EXW deliveries, the Client shall always be obliged to:

• Provide the export documentation, original or copy, that has been issued, including DUA/EXA, certificates of origin, SWB, AWB, CMR, waybill, fumigation certificate, etc., within thirty (30) days following the actual loading of the goods.

• Provide Pádel Galis with proof of delivery of the goods at their final delivery point, signed delivery CMR and/or valid equivalent POD, within fifteen (15) days following the actual unloading of the goods.

7.4. Loading date

The loading date and time shall be agreed between the Parties and confirmed in writing. They must be agreed at least thirty (30) days before loading, except for duly agreed exceptions, and such confirmation shall be binding.

7.5. Transport cancellation

If the Client notifies the cancellation of transport less than three (3) working days before the loading date confirmed in writing, a fixed penalty of FIVE HUNDRED EUROS (€500) per shipment shall apply and shall be borne by the Client.

This penalty shall be payable regardless of the agreed Incoterm and without prejudice to the additional charging of any expenses or costs that may be invoiced to Pádel Galis by transport companies, freight forwarders or other third parties as a result of such cancellation.

7.6. Failure to appear on the loading date

If the Client or its carrier fails to appear on the loading date and at the time previously agreed and confirmed in writing, Pádel Galis shall apply a fixed penalty of ONE THOUSAND EUROS (€1,000) per shipment for costs arising from:

• Immobilisation of goods and materials.

• Reorganisation of schedules, operational resources and personnel.

• Blocking of logistics space and loading equipment.

This penalty shall apply regardless of the agreed Incoterm and without prejudice to the additional charging of any expenses that may be invoiced by transport companies or other third parties as a result of the failure to appear. The Client must pay this penalty prior to delivery of the goods or prior to setting a new loading date, whichever occurs first.

7.7. Failure to collect the goods and storage costs

If the Client does not collect the goods on the agreed loading date, Pádel Galis may charge the Client the costs arising from storage, additional handling and logistics rescheduling.

Without prejudice to the other penalties set out in these General Conditions, if the Client does not proceed with the collection and loading of the Product within five (5) working days following the loading date confirmed in writing by Pádel Galis, Pádel Galis shall be entitled to automatically charge the Client, for logistics, handling and storage costs, an amount of ONE HUNDRED AND FIFTY EUROS (€150) per padel court and for each calendar day of delay.

Such amounts shall be payable from the sixth (6th) working day inclusive and must be paid by the Client prior to delivery of the goods or prior to setting a new loading date, whichever occurs first.

8. INSTALLATION

8.1 Installation Service Quotation

The quotation for the installation service consists of two (2) items: the labour cost and the installation-related expenses incurred in providing the service (travel, meals, accommodation and other associated costs).

8.2 Quotation of Installation-Related Expenses

The quotation for accommodation, travel, subsistence and any other installation-related expenses is provided as an estimate only. Padel Galis reserves the right to review and update these costs at the time of installation, applying the rates in force on the installation date.

8.3 Insurance

The Customer shall be responsible for arranging all necessary insurance policies and for implementing all health and safety measures required for the works.

8.4 Delays and Additional Costs Attributable to the Customer

Padel Galis shall not be liable for delays or additional costs arising from any of the following circumstances:

i. The civil works are not ready for installation when the installation team arrives on site, and the Customer decides to complete or rectify the works at that time.

ii. Failure by the Customer to comply with the Unloading Manual and/or the Technical Installation Manual.

iii. Lack of availability of the installation area due to simultaneous works being carried out in the installation zone.

iv. Adverse weather conditions preventing or delaying the installation works.

v. Failure by the Customer to provide access to the premises and/or obtain the required permits, licences or authorisations.

vi. Theft of materials, tools or equipment.

In any of the above cases, the following additional charges shall apply:

  • Labour: Three hundred and fifty euros (€350) per person per day.
  • Daily allowance: Sixty euros (€60) per person per day.
  • Accommodation: At cost.

8.5 Installation Equipment

The Customer shall be solely responsible for arranging and providing, in due time, any crane, forklift, lifting platform or other machinery required to complete the installation.

If installation is delayed due to the unavailability of such equipment, Padel Galis shall charge the applicable additional daily costs set out in Clause 8.4.

8.6 Site Access and Accessibility

The Customer is solely responsible for ensuring that the installation site is fully accessible for delivery, unloading and installation operations.

This includes, without limitation:

a) suitable access for delivery vehicles and unloading equipment;

b) sufficient clear space for cranes and installation machinery; and

c) safe transportation of all equipment from the delivery point to the final installation location.

The Customer shall also ensure that installation equipment and machinery can safely access and operate on the slab or foundation.

Any restrictions, access limitations, additional lifting requirements, crane hire, access equipment, manual handling requirements or any other logistical measures arising from restricted access shall be charged separately.

8.7 Scope of the Installation Quotation

Unless expressly stated otherwise, the installation quotation does not include:

  • Unloading at destination (unless expressly included in the quotation).
  • Any civil works.
  • Preparation of the installation site.
  • Electrical installation. Padel Galis only supplies the electrical cable required to connect the floodlights to the power connection point, as specified in the Construction Manual and Lighting Layout.
  • Unless expressly agreed otherwise in writing, all quotations are based on delivery and installation directly from the container or delivery point to the prepared slab or foundation.
  • Any work, service, equipment, handling, transport, lifting, relocation or logistical operation required between the delivery point and the slab/foundation.

Any such services shall be subject to additional charges.

8.8 Waste Management and Cleaning

The Customer shall be solely responsible for all costs and taxes associated with the disposal of waste generated during installation (including cardboard, plastic, metal and similar materials).

The Customer shall also provide suitable containers or waste disposal facilities.

The installation service provided by Padel Galis does not include post-installation cleaning of the site, court surface, glass panels, surrounding areas or the removal of fine construction residues beyond the standard installation debris generated directly by Padel Galis.

Professional cleaning services, where required, shall be contracted separately by the Customer.

8.9 Customer Design Responsibility

The Customer shall be solely responsible for providing all drawings, layouts, surveys, dimensions and technical documentation required for the execution of the works.

The Customer shall also be solely responsible for determining and verifying:

a) court orientation;

b) available space and dimensional suitability;

c) compliance with all applicable planning, zoning, building regulations and permits;

d) the structural suitability of the slab/foundation and surrounding area; and

e) the overall feasibility of the proposed installation.

Padel Galis shall not be liable for delays, additional costs or defects arising from inaccurate, incomplete or insufficient drawings or technical information supplied by the Customer.

8.10 On-Site Storage

For projects including installation services, from delivery of the Products to the installation site until acceptance under Clause 8.12, the Customer shall be solely responsible for the custody, security, storage and preservation of the Products and all components on site.

The Customer assumes all risks relating to loss, theft, vandalism, damage or deterioration during this period, irrespective of whether the Products have been inspected or accepted.

The Customer shall store the Products securely and in accordance with the technical documentation and Maintenance Manual.

Padel Galis shall not act as bailee, warehouse keeper, custodian or insurer of the Products at the installation site and shall have no obligation to replace, repair, reimburse or compensate for any Products lost, stolen, damaged or deteriorated after delivery.

Any replacement requested by the Customer shall be invoiced at the current Padel Galis price list, together with any applicable associated costs.

Any delay resulting from loss, theft, damage, deterioration or inaccessibility of the Products shall be deemed a Customer-caused delay.

Nothing in this Clause shall limit Padel Galis’ liability for damage directly caused by its gross negligence or wilful misconduct.

8.11 Notice of Completion

Once Padel Galis considers the installation works completed, it shall notify the Customer in writing (including by email with delivery confirmation) so that the Customer may proceed with signing the Installation Acceptance Certificate.

8.12 Customer Inspection Period

The Customer shall have three (3) calendar days from receipt of the completion notice to inspect the installation.

If no written objection is received within this period, the installation shall be deemed accepted and considered complete and fit for its intended purpose, without the need for a formal acceptance certificate.

8.13 Rejection of Acceptance

If the Customer considers that the installation is incomplete or defective, it shall notify Padel Galis in writing within the same three (3) calendar day period, clearly identifying the reasons for rejection and the defects detected.

8.14 Rectification by Padel Galis

Padel Galis shall rectify the defects identified in the Customer’s written list within a reasonable period, taking into account the nature of the required corrective works.

8.15 Final Inspection and Acceptance

Once the identified defects have been remedied, Padel Galis shall notify the Customer to carry out a final inspection.

The Customer shall have three (3) calendar days to inspect the remedial works.

At this stage, the Customer may not raise any defects other than those identified in the original defect list.

If no written objection is received within this period, the installation shall be deemed fully accepted without the need for a further acceptance certificate.

9. WARRANTIES

9.1. Applicable warranties

All Products, subject to the Client providing the invoice, the original Order, proof of full payment of the price, including, where applicable, the amount corresponding to installation, and the corresponding photographic evidence, shall be subject to the following warranties, without prejudice to the provisions of these Terms and Conditions and to the provisions applicable in cases of loss of warranty:

a. Structure: ten (10) years’ warranty for structural stability.

b. Lacquering of the structure: two (2) years.

c. Turf: two (2) years.

d. Glass: two (2) years. The warranty does not cover breakages from the moment Pádel Galis technicians complete the full installation of the Court.

e. Floodlights: two (2) years’ product warranty.

9.2. Scope of the warranty

The warranty applies exclusively to the Product, expressly excluding any dismantling, assembly or transport costs that may arise.

In all cases, in order for the Client to make use of the warranty, the Client must provide the invoice and/or Order, proof of full payment and precise photographs showing the claimed defect.

9.3. Obvious defects and returns

Pádel Galis shall not assume any liability for obvious damage or defects that have not been reported in writing before any handling or intervention on the Product.

Returns of materials that are not properly packaged and in perfect condition shall not be accepted.

9.4. Cases of loss of warranty

The warranty shall become void in the following cases:

• Improper use and/or inadequate storage of the Product.

• Incorrect handling or defective installation carried out without following the manufacturer’s specifications.

• Damage caused by external agents, including harmful or corrosive chemicals or others.

• Poor maintenance or lack of cleaning.

• Use of spare parts or maintenance materials not supplied by the Manufacturer.

• Deficiencies in the civil works, base slab or other elements that may lead to defective installation.

• Lighting problems arising from failures in the electrical installation.

9.5. Specific exclusions relating to artificial turf

The following cases are expressly excluded from the artificial turf warranty:

a. Damage or deformation arising from storage for more than six (6) months or storage carried out without complying with suitable conditions, including uncovered areas, areas exposed to rainfall, humidity or solar radiation.

b. Abnormal displacement of the turf caused by smooth, polished or glossy sublayers. The sublayers must be draining or provide minimum roughness.

c. Damage due to improper handling of the turf rolls. Unloading must necessarily be carried out with a telehandler or forklift.

d. Contraction or expansion of the turf caused by environmental conditions, type of material or smooth or polished sublayers. The warranty also does not cover dimensional variations arising from a level of sand lower than that specified in the technical data sheet.

e. Poor maintenance of the turf. The sand used must be siliceous, SiO₂ 92%, natural, uncrushed, washed and screened. Periodic refills must be carried out to maintain the amount of sand within the required technical levels, as well as regular brushing to ensure its even distribution.

f. Melting or irreversible alterations of the fibres causing irreversible expansion or contraction of the backing.

10. CANCELLATION POLICY

In the event of cancellation of the Order by the Client, Pádel Galis shall be entitled to receive and retain, as a penalty and compensation for damages, 100% of the amount paid on account by the Client.

In any case, installations or materials that are not standard and have been customised for the Client may not be cancelled.

11. LIABILITY

Pádel Galis shall not be liable for direct or indirect damages arising from the use, unauthorised installation, incorrect handling or insufficient maintenance of the product.

Under no circumstances may the Client claim from Pádel Galis loss of profit, indirect, consequential and/or reputational damages.

Nor shall Pádel Galis be liable for delays caused by logistics providers, customs or external circumstances.

Pádel Galis acts exclusively as seller of the product, and it shall be the final and exclusive responsibility of the Client to verify and ensure that said product is suitable for installation, use and operation in accordance with the local, municipal, regional, national or international regulations applicable at the destination site.

The Client shall be solely responsible for carrying out the technical, legal and administrative checks necessary to ensure that the installation of the padel court complies with all requirements imposed by current regulations, holding Pádel Galis harmless from any liability arising from non-compliance with such obligations.

The maximum total liability of Pádel Galis in relation to any loss or damage arising in the context of the sale and installation of an Order or in connection therewith shall in no case exceed the amount received as the sale and installation price.

12. OTHER MISCELLANEOUS CONDITIONS

12.1. The validity of any quotation shall be thirty (30) calendar days from the moment the Client has been informed that it is available. Once this period has elapsed without express acceptance by the Client, the quotation shall expire.

12.2. In the event of financing, the validation of the corresponding quotation shall be conditional upon acceptance by the financial institution made available by Pádel Galis.

12.3. Prices do not include VAT and/or any other applicable tax. The invoice amount must correspond to the budgeted amount, including any modification made to the initial quotation and/or Client Order.

12.4. The goods included in this Order shall remain the property of Pádel Galis until the buyer has made full payment of the amount.

In the event of non-payment on the due date, Pádel Galis may choose either to demand payment or to recover the goods, with all transport costs and any possible depreciation being borne by the buyer.

Until ownership has been transferred, the buyer must keep the goods in good condition and clearly identifiable.

Pádel Galis reserves the right to contact the final recipient of any unpaid goods in order to recover them.

13. INTELLECTUAL PROPERTY

Designs, plans, photographs, renders, technical documentation and graphic material provided by Pádel Galis are the exclusive property of the Seller. They may not be reproduced or transferred without the express written authorisation of Pádel Galis.

14. PERSONAL DATA PROTECTION

14.1. For the purposes of the applicable data protection regulations, Pádel Galis informs the Client, as data controller of the personal data corresponding to the signatories of these General Conditions and any Particular Conditions that may be established, that such data shall be processed exclusively for the purpose of managing, providing, executing and assessing the services entrusted, including measurement, installation and/or renovation services associated with the products and/or items contracted by the Client. The processing of such data by Pádel Galis is legitimised by the performance of a contract entered into by the Parties, and failure to provide such data may make it impossible to formalise and, consequently, execute the contract.

14.2. Likewise, in compliance with the applicable regulations on personal data protection, Pádel Galis informs the Client that its data shall not be transferred to unauthorised third parties, except with express authorisation or by legal obligation or permission. The data shall be retained until its erasure is requested, and subsequently for the mandatory period established by commercial, accounting and tax regulations or any other applicable regulation that establishes a longer mandatory retention period.

14.3. The Client may exercise, among others, its rights of access, rectification, erasure and objection by sending a written request addressed to Pádel Galis, either by email or post.

14.4. To exercise these rights and in order to provide guarantees regarding the identification of the applicant, a copy of the applicant’s valid national identity document or, where applicable, foreign identification number must be attached to the request.

14.5. Likewise, if the Client considers that its data has been processed improperly, it shall have the right to file a complaint with the Spanish Data Protection Agency.

14.6. In any case, Pádel Galis undertakes to process the Client’s personal data for the purposes of the contract and these General Conditions and any Particular Conditions that may be established, to comply with the applicable data protection regulations in force, and not to disclose them to third parties, not even for storage purposes. Likewise, Pádel Galis undertakes to apply all security, confidentiality and organisational measures necessary to guarantee the integrity of such personal data, prevent its alteration, loss, processing or unauthorised access, taking into account the nature of the data and the risks to which they are exposed, and to ensure that such measures are complied with by its personnel and/or subcontractors. Such personnel must be subject to the duty of secrecy and confidentiality under the same terms as the corresponding party.

15. JURISDICTION CLAUSE

15.1. Applicable law

This Contract, as well as any dispute or claim, including non-contractual disputes or claims, arising out of or in connection with it or with its subject matter, performance or formation, shall be governed by and interpreted in accordance with the laws of the Kingdom of Spain, without the application of any choice-of-law or conflict-of-law principle that could determine the application of a different law.

15.2. Jurisdiction

Any controversy, difference or dispute of any nature that may arise between the Parties in relation to this Contract, including but not limited to matters relating to its existence, validity, interpretation, performance, breach or termination, shall be expressly and exclusively submitted to the jurisdiction of the Courts and Tribunals of the city of Valencia, Spain, the Parties waiving any other jurisdiction that may correspond to them.

16. SIGNATURE

This document, signed by means of an advanced electronic signature that complies with the requirements of Regulation EU No. 910/2014 of the European Parliament and of the Council of 23 July 2014 on electronic identification and trust services for electronic transactions in the internal market, shall be fully valid and binding for the Parties and shall have the same evidentiary value between the Parties as a handwritten signature.