General Terms and Conditions

Article 1: Nature of the agreement
My-Trucks Rental NV agrees to rent the equipment described in the Special Terms and Conditions to the user. This agreement cannot be terminated, without prejudice to the possibility of termination in case of default by the user.

Article 2: Purchase of the equipment
The equipment is chosen by the user and under the exclusive responsibility of the user. The lessor purchases the equipment specifically for the purpose of renting it in accordance with the specific terms agreed upon between the user and the supplier. The user confirms that this business equipment is intended exclusively for professional use.

Article 3: Delivery - acceptance - guarantees
The equipment is made available to the user by the lessor at a location to be specified. Any deliveries and installations in addition to the equipment, at the user's request, are, unless otherwise agreed in writing, at the expense and risk of the user. When the equipment is delivered, the user will either draw up a report of acceptance confirming that the equipment is in accordance with the order or draw up a report of non-acceptance specifying the defects or the reason(s) for refusal to accept the equipment. One or other of these documents, signed by the user, should be forwarded by the user to the lessor at the time of taking delivery of the vehicle, or failing this, by ordinary mail, at the latest within five days of the delivery or refusal to take delivery. The user shall be deemed to have accepted the equipment without reservation either upon becoming acquainted with the vehicle in question and paying the first invoice, or as soon as the report of acceptance is signed by the user, or upon expiry of the aforementioned period if no report is submitted to the lessor, or upon the signing of the hire contract by the user if the equipment has already been delivered at that time. By accepting the contract, the user releases the lessor from any liability for incomplete, late, non-conforming delivery, defective equipment, visible or hidden defects or the unsuitability of the equipment. Total or partial non-delivery or non-compliance with the contract in terms of time and place, the fact that the equipment does not meet the specified requirements, visible, hidden or purchase-destroying defects, the fact that the equipment is out of order for any reason whatsoever, are the sole responsibility of the user and cannot give rise to any postponement or suspension of the payment of the hire charges, nor to any recourse against the lessor. For this purpose the lessor assigns to the user all rights, guarantees and means of recourse which he is entitled to invoke as purchaser in order to ensure the proper execution of the contract of sale. If the user wishes to exercise recourse against the supplier on well-founded grounds in order to cancel the sales agreement, the lessor will authorise the user to do so, on condition that the user fulfils his obligations under this agreement. If necessary, the lessor will institute proceedings for the dissolution of the purchase agreement for and at the expense of the user. The lessor is entitled to charge administration costs of five hundred Euros for this. The user should in any case inform the lessor in advance. Any recourse against the supplier or manufacturer, either by the user or the lessor, does not suspend the obligation to pay the hire charges as long as the purchase agreement has not been cancelled and the price for the purchase of the equipment, accessories and related costs have not been refunded to the lessor. Under no circumstances may the user enter into an amicable settlement or agreement with the supplier or manufacturer or place the equipment back at their disposal without the prior written consent of the lessor. If for any reason whatsoever, not attributable to the lessor, the hire agreement cannot be carried out, including full or partial non-delivery, late delivery, insolvency of the supplier or refusal to accept the equipment by the user, the lessor has the right to release himself from his obligations concerning the purchase of the equipment by means of a registered letter addressed to the user and the supplier. If for any reason the hire agreement cannot be carried out or if the lessor has released himself from his obligations to purchase the equipment or if the contract of sale is subsequently dissolved or cancelled, the user is jointly and severally liable with the supplier for the repayment of all sums paid by the lessor to the supplier, plus any taxes and costs and interest on advances as specified in art. 5 of the General Conditions for the period between payment by the lessor and repayment by the user or supplier. After full payment to the lessor, the user is subrogated in the rights of the lessor vis-à-vis the supplier, but otherwise waives any recourse against the lessor. Any sums paid back by the supplier after the lessor has been fully reimbursed by the user, will be refunded to the lessor.

Article 4: Commencement date of the rental agreement, rental fees, payment modalities
The agreement commences on the date of payment of the first invoice. Payment of the second and subsequent charges shall commence on the date of signature of the rental agreement. If the invoicing of the rental fees has not begun within one month after the delivery of the equipment, the lessor is entitled to invoice the rental fees retroactively. If the hire transaction concerns equipment delivered at different times or by different suppliers, the lessor can either commence the hire period for each partial delivery separately or postpone the start of the hire period until all the goods have been delivered. If, for any reason, the rental period has not commenced within one month of delivery of the equipment, the lessor may reduce the rental period by the number of months elapsed since the date of delivery of the equipment and revise the rental fees pro rata. The rental fee covers only the rental of the equipment made available, excluding maintenance, insurance or other services. The rental fee mentioned is calculated on the basis of the investment amount of the equipment to be rented as known by the lessor on the date of the signing of the rental contract. In case of change of the investment amount between the date of signing the lease and the payment to the supplier, the lessor reserves the right to accept or not this change. In the event of acceptance, the rental fee will be recalculated, whereby the lessor reserves the right to either invoice the user once for the difference as an additional rental fee or to revise the rental fee pro rata. The investment amount is understood to be the net purchase price of the equipment excluding VAT. All other costs, taxes and duties of any kind payable under this agreement shall be borne by the user. The user shall pay all present and future taxes and duties which burden the equipment directly or indirectly. The rental fee may also be adjusted in the event of any change in the VAT or other fiscal charges that may be applicable to it, and in general in the event of any change in the fiscal regime linked to the contract or the transaction itself. This includes the case of new national or international laws or regulations or the amendment or reinterpretation of existing ones, or the occurrence of exceptional circumstances with fiscal, banking or monetary repercussions, as a result of which the costs and charges of the rental transaction increase for the lessor or reduce his income from it (e.g. as a result of a tax increase or additional reservation or deposit obligations), ratios or liquidity standards imposed by financial institutions), the lessor is entitled to charge these costs, charges and reductions in income directly to the user or, at the lessor's discretion, to offset them against the rent. The user must pay the rental fees punctually on the contractually agreed due date. It is expressly agreed that this obligation is unconditional and also applies if the equipment has defects, is being maintained or repaired, is temporarily unavailable or cannot be used for its intended purpose. The rental fees are portable and not feasible. These rental fees shall be the subject of invoices issued by the lessor; even if the user has not yet received these invoices on the respective due dates on which the rental fees are due in accordance with the Special Terms and Conditions, these rental fees must be paid in good time. The user subscribes to a direct debit mandate and a contractually agreed number of bills of exchange for the payment of all amounts due. In the event of a change in the bill of exchange number or a new bill of exchange, the user will be charged fifteen euro. In the event that the direct debit mandate is not effective, the monthly rent will be increased by five per cent. In addition, a penalty clause of two hundred and fifty euros will be applied if the rent is not received on time. Modalities of the contract other than a change to the reimbursement schedule shall also give rise to the charge of two hundred and fifty euros and the possibility that the lessor may unilaterally decide to exercise his reservation of title and then the item shall be returned to the address indicated by the lessor at the expense of the user. The changes to the originally agreed repayment schedule (e.g. postponement of capital repayments, suspension of rental payments, change of duration, adjustment of the interest rate other than the contractually foreseen interest rate revision on the revision date) shall result in the user being charged one hundred and fifty euro. Changes to the contract or adjustments to the contract shall give rise to a charge of three hundred and fifty euro. A management fee of thirty euro per quarter will be charged for each rental contract. The lessor reserves the right to charge fifteen euros for the delivery of a duplicate of any file document. Possible administrative charges such as fines etc. will be invoiced at a cost of twenty-five Euros. Two hundred euros will be charged per payment overview per contract. All fees and costs mentioned in these general terms and conditions are to be considered as remuneration for delivered performances and services, increased with the legally foreseen fiscal charges. The lessor reserves the right to change these costs annually.

Article 5: Down payment on financing
If for any reason whatsoever the supplier is unable to fulfil his obligations within the agreed period, so that the rental contract cannot be executed, the user undertakes to repay to the lessor, on demand, all costs actually incurred by the lessor without delay.

Article 6: Right of ownership of the lessor
The equipment is and remains the exclusive property of the lessor. Without prejudice to art. 7 of the General Conditions, all permits and ownership certificates of the equipment are registered in the name of the lessor. The lessor reserves the right to request a key of the underlying vehicle from the user at all times. The hirer should then hand over this key to the lessor within an acceptable period (maximum 45 days), at the expense of the hirer. Failure to return the spare key within this period constitutes a unilateral breach of contract by the user. The user does not acquire any right, title or interest whatsoever in the rented equipment other than the right to use it, in accordance with the provisions of this rental contract and the relevant statutory regulations. On receipt of the equipment, the user should check that a label of ownership of the lessor has been affixed by the supplier. If this is not the case, the user will request the lessor to provide him with another label and he will affix this ownership label himself. He shall keep the affixed labels legible and unchanged for the duration of the hire contract, as well as those affixed by the supplier to identify the equipment. He is responsible for the consequences of failing to comply with this obligation. The user is obliged to inform the lessor immediately by registered letter of any third-party claims on the equipment, whether on account of rights in rem, attachments or otherwise. He shall inform the third parties by registered letter that the equipment is the subject of the present hire contract and is the property of the lessor. The user is liable for any disadvantage suffered by the lessor as a result of late notification in this respect. The user undertakes to have the lessor's exclusive right of ownership respected in all circumstances and at his own expense. The user shall also be obliged to reimburse all costs incurred by the lessor in safeguarding his/her right of ownership.
right of ownership.

Article 7: Use and maintenance of the equipment
The user agrees to use the equipment with due diligence in accordance with its intended use, which may not be altered without the permission of the lessor, and in accordance with the instructions of the supplier and/or manufacturer.
More specifically, for vehicles and rolling stock of any kind, he/she shall allow only experienced drivers and carriers to drive the vehicles; the latter must be in possession of a valid driving licence. Only the user, his employees and appointees or subordinates may handle or transport the equipment. The user shall expressly require them to handle the equipment or vehicles with care. Under no circumstances may the user or his/her subordinates handle or drive the rented equipment while under the influence of alcohol, drugs or stimulants. Nor may the equipment, and in particular the rolling stock, be used for abnormal purposes, such as sporting events or rallies, or be employed or used for purposes which would result in the insurance being suspended. The user may not make any changes to the equipment without the written consent of the lessor. Parts or accessories added to the equipment by the user as well as parts replaced by the user are automatically the property of the lessor without the user being able to claim reimbursement from him. With regard to the use and application of the rented equipment, the user must comply with all statutory provisions and claims issued by all government authorities. All taxes, fees and all fines incurred as a result of violations shall be borne by the user. The lessor is not responsible for loss of profit or other negative consequences for the user resulting from the temporary or permanent unavailability or inefficiency of the rented equipment. The user may not claim any compensation from the lessor for this. The user's obligation to pay the rental charges remains unaffected. The user assumes the entire cost and responsibility for the maintenance and regular operation of the equipment: thus, among other things, all maintenance and repair work, regardless of the cause, shall be carried out immediately at the expense of the user, regardless of whether there is any intervention by an insurer. Maintenance and repair work must be carried out using original spare parts. Any statutory or regulatory inspection to which the equipment is subject is the responsibility of the user. In other words, he is also responsible for the timely inspection of the vehicle entrusted to him and, if applicable, for the calibration of the odometer. The renter expressly acknowledges that the rental company does not bear any responsibility or warranty obligations with regard to the underlying object, even in the event of hidden defects. After all, the receipt of the object without reservation implies that the lessee has received the object in good condition. Possible visible defects are always covered by the corresponding description of the place. The equipment has to be placed in a room that allows its operation, conservation and maintenance in the best possible conditions at E.E.R.
conditions on E.E.R. territory, unless the lessor agrees in writing. The lessor or the person appointed by him for this purpose must always be given access to the places where the equipment is located in order to allow him to carry out the necessary inspection. The objects inspected, except for rolling stock, may not be transferred to another location without the permission of the lessor. The transfer takes place under the responsibility of the user. The user agrees to use the vehicle in accordance with the user manual provided. In the event that a technological application ("Track & trace", hereinafter referred to as Safety Stick) is present in the vehicle, the customer is expected to manage and operate this device with due diligence. If the Safety Stick is not operational for 7 days, we consider this to be a unilateral breach of contract by the customer and we reserve the right to secure the vehicle without further notice. The material must always be used as intended (cfr. manufacturer's documentation) any other use is strictly forbidden. This includes when trailers are coupled to our tractors (then the trailers must be used according to the manufacturer's documentation). If the customer refuses to pay his, by circumstances, new insurance premium and/or if the customer, by circumstances, can no longer be insured under the comprehensive insurance, in short, circumstances created by the customer, we consider this to be a unilateral breach of contract by the customer and we also reserve the right, without further notice, to take the vehicle to safety.

Article 8: Liability
From the moment of delivery of the equipment and until it is actually returned to the lessor, the user is liable as custodian of the rented equipment for - any damage caused by the equipment or during its use, even if this damage is the result of a hidden defect, a construction or assembly error; - any damage caused to the equipment or any loss, whatever the cause, even in the case of force majeure. The user is obliged to inform the lessor immediately of any fault or defect in the equipment that is likely to impede its proper functioning or cause damage to third parties. The user should immediately inform the lessor in writing if: a. the equipment is involved in an accident causing bodily or material damage; b. all or part of the equipment is claimed, stolen or damaged; c. the user files a petition in bankruptcy or composition proceedings; d. a third party seizes all or part of the equipment.

Article 9: Insurance
The user is required to insure himself at his own expense with an insurer accepted by My-Trucks Rental NV, prior to delivery of the equipment and for the entire duration of the rental agreement. The insurance has to cover the vehicle/equipment in value (first risk) at an amount to be determined by My-Trucks Rental NV in writing and against the following risks: a. Full Comprehensive: fire, explosion, lightning strike, theft, natural disaster, vandalism, damage or destruction of the rented vehicle. An exemption can only be granted in the accident/vandalism section up to a maximum of €1,250.00 per claim. This exemption is at the expense of the user. b. the equipment other than a vehicle against damage, destruction or total or partial disappearance in accordance with the current policy conditions on the Belgian insurance market. The exemption is at the expense of the user and may not exceed half a per cent of the purchase value. (This concerns the insurance of non-vehicles) c. If applicable, insurance in accordance with the CMR convention (if the transport is carried out for third parties). d. If applicable, an industrial accidents clause (if the work is carried out by personnel). e. If applicable, an assistance hatch (if breakdown assistance is required). f. If necessary, a clause covering all risks relating to equipment belonging to third parties, when it is towed by the vehicle in question. g. If necessary, legal assistance insurance, a third-party liability insurance for operation and a third-party liability insurance for after delivery and entrusted property. This means that you are insured for the events caused by your company, yourself and your appointees which caused to third parties. The civil liability as user/kept of the equipment, including a legal assistance insurance. An exemption up to a maximum of €500.00 can only be granted in the civil liability section as user/guardian. This exemption is at the expense of the user. From the moment the equipment is taken over, the user is fully liable for all damage caused by the equipment, both to people and to property, and for all damage caused to the equipment itself, irrespective of the origin and/or the cause. The insurance policy or the appendices are to provide, before the delivery of the equipment, that the insurer: a. will pay any compensation solely and directly to the lessor; b. in the event of a reduction, suspension or cancellation of the cover or policy, for whatever reason, will inform the lessor by registered letter of the default; c. that the insurer waives any recourse against the lessor; d. will maintain the guarantees of the cover/policy for at least another 15 days after the registered notification of the reduction, suspension or termination of any cover. e. has included a clause stipulating that the insurance company has taken cognizance of the fact that this vehicle is being hired out on a long-term basis. This must also include that the vehicle must be insured against theft by the hirer/user/third parties. In the event of non-payment of the premiums, the lessor is entitled to clear these and recover the amount from the user. As proof of this insurance, the user shall, on the lessor's first request, submit either a certificate from his insurer, or a copy of the policy, together with the annexes and proofs of payment. The user authorises the lessor to sign and validly discharge in his name and for his account all documents relating to the insurance. In the event of damage, the user must notify the lessor immediately in writing. The declaration of the damage and the appointment of an expert. The reporting of the damage and the appointment of an expert remain the responsibility of the user. In the event of partial damage, the hire agreement remains in force and the lessor will transfer the compensation received from the insurance company to the user after the latter has provided proof of the repair of the equipment and payment of the relevant invoice, provided that the user has paid all outstanding rental fees or other amounts and there are no claims against the lessor by virtue of any other obligations at that time. In the event of theft or total loss, determined by an expert assessment, the contract is automatically terminated on the date of the theft or loss. In such cases, in addition to the rental fees due and the interest on arrears for late payment, the user shall be liable for damages equal to the amount of the capital balance as shown in the lessor's books, plus a fixed amount for administrative costs for handling the case. Amount as administrative costs for the handling of the claim file. The lessor always reserves the right to charge the user for the amount of damage actually incurred. This compensation is due from the date of the theft or total loss. The insurance compensation and the amounts resulting from the sale of the equipment, less all costs, shall be charged to the outstanding debt payable by the user.

Article 10: Transfer of rights
Without the prior written consent of the lessor, the user may not assign, pledge, lend, sub-let or transfer the equipment to a third party, nor grant any other right to it to a third party.

Article 11: Breach of contract
The contract is terminated by operation of law and without notice of default at the expense of the user in the following cases: a. on the date of the bankruptcy judgement in the event of the user's failure; b. on the date on which the user places the equipment at the disposal of the lessor in the event of a return before the expiry of the fixed rental period. The lessor can terminate the hire contract by ordinary letter, without prior notice of default or any judicial formality, in the following cases
case of:
a. non-payment of a rental fee and/or other services whether or not due under this or any other rental contract in the name of the user or of a company in which the latter holds a majority interest. A vehicle shall be deemed not to have been paid as soon as the due date has passed. This non-payment also gives the lessor the right to report the vehicles used by the hirer to the competent authorities. The costs associated with this shall be for the account of the user;
b. non-payment of the VAT and/or road tax owed to the lessor in the event of hire of a vehicle;
c. request for postponement of payment, protest or attachment at the expense of the user;
d. death of the user, transfer or cessation of the user's business activity or dissolution of the company-user;
e. if there is a well-founded fear that the lessor cannot recover his claim, for example in the event of the destruction or decrease in value of a personal or business security provided in favour of the lessor;
f. if the equipment is destroyed, misappropriated or generally disappears for any reason whatsoever
g. in the event of the user's insolvency; and, in general, in the event of the user failing to comply with any of the obligations in the general or special terms and conditions of this contract or of any other contracts he may have concluded with the lessor, given the indivisibility of the contracts.

In the event of termination of the hire contract, the user must return the equipment to the lessor within the period stipulated in the General Conditions. Any repatriation at the lessor's initiative will be charged at cost price with a minimum of one thousand five hundred euros. Furthermore, the user shall owe compensation for damages, in addition to the rental fees or other amounts due and the default interest due to late payment. Any goods contained in the vehicle shall be deemed to compensate for the outstanding debts and may therefore be used by the lessor for this purpose. The hirer acknowledges and accepts, after extensive negotiation, that, in view of the fact that it concerns an exceptional vehicle designated by him, which was purchased by the lessor in accordance with his wishes and specifications, and, inter alia, that taking into account the purchase value of the vehicle, the return on such vehicles and difficulties and minus values in the event of possible resale and/or re-rent, the following compensation in the event of premature termination of the agreement and/or dissolution at his expense is fair and reasonable and corresponds to the then reasonably to be expected compensation amounting to the sum of the rental payments still to fall due on the day of termination, increased by the residual value plus fifty per cent for the costs involved. This without prejudice to the sale price if the equipment is sold or to the new investment value if the equipment is the subject of a new lease, rental or hire contract with a third party. Within a period of fourteen calendar days from the termination of the hire contract, the user has the right to make the lessor an irrevocable offer by registered mail for the purchase of the equipment, subject to cash payment within the same period. The lessor is free to accept the offer or not. After this period, the user will no longer be able to formulate any objections regarding the terms and conditions under which the lessor has either sold or leased the equipment.

Article 12: Late payment interest and compensation clause
In the event of late payment by the user of amounts due to the lessor, in particular rental charges, insurance premiums, compensation or amounts which the lessor would have paid on behalf of the user or which are recoverable from the user, the user shall automatically be liable for late payment interest at the annual rate of twelve per cent, charged pro rata temporis from the date on which payment was due by the user until the date on which the lessor receives this payment. In addition, damages shall be charged. These are fixed at ten per cent per unpaid amount, with a minimum of two hundred and fifty euro and a maximum of two thousand and five hundred euro. Each refused direct debit on the due date shall also entitle the holder to an additional fixed administrative charge of fifteen euro. No complaint or dispute of any kind or loss of use shall suspend the obligation to pay the rental fee. This does not affect the lessor's right to terminate the contract in application of Article 11 of the General Conditions.

Article 13: End of the contract
At the end of the rental period, the user must return the equipment to the lessor in accordance with the terms set out in the General Terms and Conditions

Article 14: Return of the equipment
In the event of premature termination of the contract, the user shall immediately return the equipment to the lessor at the lessor's expense, to the place specified by the lessor, in a good state of repair and operation and with all its equipment, accessories and documents. Any damage that exceeds normal wear and tear should be compensated for by the user. In the event of hiring a vehicle, the provisions of art. 15 should also be applied. If the equipment is not returned within two working days after the end of the hire period or after termination of the hire agreement, the lessor is entitled to proceed to the removal of the equipment at the expense of the user, without further formalities and without prejudice to his other rights. From that date onwards, the lessor shall be entitled to demand compensation for each day's delay calculated pro rata on the basis of the last rental payment.

Article 15: Special provisions for the hire of our vehicles
a. vehicle registration
The vehicle is registered in the name of the hirer. If the occasion arises, the user shall submit to the lessor "the application form for the registration of a vehicle", provided with all the necessary details which should make an unconditional registration possible. For vehicles with a Maximum Authorised Mass (MTM) equal to or less than 3500 kg, the lessor shall discharge the V.A.T. and the road tax (incl. surcharges) of this vehicle for the account of the user before it is put into use. The renter shall have paid these in advance. Any other obligations connected with the use of this vehicle must be arranged and paid for by the hirer himself. For cars above 3500Kg MTM, the hirer of the underlying vehicle must at all times comply with all legal requirements such as the road tax, the guarantee scheme for the FPS mobility and transport (if the hirer wishes to drive for third parties), the Eurovignette, the registration and installation of the On Board Unit for the Belgian road tax, etc., and pay these in good time on his own initiative. b. Maintenance Cfr. Article 7 General Terms and Conditions. The user also undertakes to have the vehicle's maintenance booklet filled in correctly. He/she also undertakes, upon the first request of the rental company, to communicate in writing the odometer reading of the vehicle. c. Technical inspection Irrespective of in whose name the vehicle is registered, and irrespective of the written invitation, the user is obliged to present the vehicle for a technical inspection within the legally stipulated term. The user is obliged to send a copy of each extract of the technical inspection to the rental company. The user is and shall remain liable at all times for all consequences resulting from non-compliance with this obligation. d. Eurovignette/mileage tax The user shall pay the Eurovignette fee himself at his local reception office. The user is required to provide a copy of the Eurovignette discharged by the competent authorities as proof of payment, if requested. As of 1 April 2016, the renter is required to register for the Belgian mileage tax and for the installation and operation of the OBU.

Article 16: Deposit
If a deposit has been stipulated in the Special Conditions, this amount should be paid to the lessor upon the signing of the hire contract. This sum is interest-free and can be used by the lessor if the user fails to meet his/her obligations under the present contract without prejudice to the lessor's right to terminate the contract. The deposit will be refunded as soon as all the obligations of this contract are fulfilled in full and provided that there are no claims against the lessor at that time on account of other obligations on the part of the user. In each contract involving a vehicle with a MTM (Maximum Permissible Mass) smaller than or equal to three thousand five hundred kilograms, there is a maximum of 2,500 kilometres per month included in the rental price. Every kilometre over 2,500 kilometres per month is charged at fifteen cents per kilometre. It is up to the renter to pass on these kilometres on an annual basis or at the first request of My-Trucks Rental NV. The renter is required to sign a solidarity bond when entering into a contract. This remains until full settlement of the main contract.
 

Article 17: Transfer of lease by the user
The lease may be transferred with the prior written consent of the lessor. All costs, rights and fees involved in the transfer of the lease will be charged to the transferring user.

Article 18: Exchange of personal data
The user confirms that he has provided the lessor with the correct data relating to his person/company and authorises the lessor to process all data relating to his person, products, services and transactions for all lawful purposes. The tenant therefore vouches for the data provided and bears the consequences of this provision. The processing concerns 'customer management, supplier management, dispute management, public relations and account management'. These details may be processed for the purpose of prospecting and promoting all the services and products which the lessor is authorised to offer; moreover, these details may be communicated to other companies within the group, a list of which may be obtained. The lessor may inform any third party with a legitimate interest of the commitments made and of the way in which they are fulfilled or not. In accordance with the legal conditions, the user may request his own personal details and, if necessary, have them corrected at the lessor's registered office.

Article 19: Securities for the benefit of the lessor
All securities and guarantees which a lessor has, by virtue of other contracts or leases, of any nature whatsoever, concluded with the user, also serve as security for the obligations arising from the present contract and the possible realisation value of these securities may be offset against the claim arising from the present contract. The transactions that take place within the framework of the authorised lease do not give rise to any renewal of debt.
The tenant is also aware that the subject matter can be refinanced by the lessor, this for the protection of the tenant. The lessor also reserves the right to take appropriate measures such as positioning systems to safeguard the reservation of title and the preservation of the value of the underlying property, even if market conditions or the customer's situation change.

Article 20: Notices - choice of domicile
The user undertakes to inform the lessor of any changes that may occur in the identification of his business (such as registered office, name, registration in the register of legal persons, VAT number) or the exercise of his activity. The user also chooses the aforementioned address as his domicile for the execution of this lease. All notifications, deeds and writs will be validly made and served at this address. The lessor reserves the right to make the notifications and service of documents to the last address brought to his attention.
 

Article 21: Disclaimer
The user declares that he has taken the decision, on his own initiative and responsibility, to carry out the actions for which the credit - in the form of leases - has been requested, and that he is aware of the (para)fiscal and legal consequences, as well as the possible (para)fiscal and legal risks of these actions. Consequently, the user releases the lessor from any liability in this respect and thus acknowledges that he himself is responsible for all the consequences of the actions he has chosen and taken and of the use of the credits made available in the form of leases. If the lessor provides any legal, fiscal and other advice and/or information within this framework, this is done without obligation and he does not guarantee in any way the accuracy or completeness thereof, nor its suitability for a particular purpose. Any transfer, distribution or reproduction of any advice is prohibited, irrespective of the form or means used.

Article 22: Jurisdiction
For all disputes relating to the interpretation and execution of this lease, the Ghent courts will have sole jurisdiction to take cognisance of the dispute that has arisen. This lease is subject to Belgian law, notwithstanding the fact that invoices can be issued for this lease from other European locations.