MASTER LICENCE AGREEMENT AND GENERAL TERMS & CONDITIONS OF SERVICE

OPERATIVE ENTITY: GEOGEO LTD (TRADING AS “SELF STORAGE CYPRUS”)

PREAMBLE AND DIGITAL ACCEPTANCE

This Master Licence Agreement (“Agreement”) constitutes a legally binding contract between GEOGEO Ltd, a company registered and operating under the laws of the Republic of Cyprus (hereinafter referred to as the “Company”), and the user, subscriber, or digital signatory of the Company’s services (hereinafter referred to as the “Customer”). By clicking “I Accept,” executing a digital transaction, parking a vehicle, or placing Goods within the Company’s facility, the Customer expressly acknowledges that they have read, comprehensively understood, and irrevocably agreed to be bound by all terms, conditions, and waivers stipulated herein.

1. INTERPRETATION AND DEFINITIONS

1.1. In this Agreement, the following terms shall possess the following meanings:

• “Abandoned Property” denotes any Goods, Pallets, or Vehicles remaining in the designated storage area subsequent to a continuous fourteen (14) day period of default.
• “Debt” encompasses any principal storage fees, administrative surcharges, late penalties, towing fees, forced-entry costs, liquidation expenditures, and legal indemnities owed to the Company.
• “Facility” refers to the physical premises, grounds, and infrastructure operated by GEOGEO Ltd.
• “Goods” means any tangible personal property, including loaded Pallets.
• “Storage Space” serves as a blanket term denoting the specific spatial volume licensed to the Customer, which may take the form of an indoor Storage Unit, an outdoor Shipping Container, a designated Pallet Bay, or a Vehicle Parking Bay.
• “Vehicle” denotes any motor car, motorcycle, trailer, caravan, or boat stored within the Facility.

2. LEGAL CLASSIFICATION OF THE AGREEMENT (WAIVER OF TENANCY & BAILMENT)

2.1. Strict Licence Framework: It is expressly agreed that this instrument constitutes a revocable Licence to utilize specific space. Under no circumstances shall this Agreement be construed to create a leasehold, tenancy, or landlord-tenant relationship under the Rent Control Law of Cyprus.

2.2. Exclusion of Bailment (Including Vehicles): The Company acts solely as a licensor of space/parking. The Company assumes no duty of care over the Goods or Vehicles. The Customer retains the keys to their Vehicle; the Company does not take custody, control, or possession of the Vehicle, and unequivocally rejects any status as a bailee, garage, or custodian.

3. SPECIFIC STORAGE MODALITIES AND COMPLIANCE

The Customer agrees to adhere to the strict operational protocols governing their specific storage modality:

3.1. Container Storage (Outdoor Shipping Containers):

• 3.1.1. Environmental Waiver: The Customer acknowledges that Shipping Containers are subject to external weather conditions. The Company disclaims all liability for damage caused by thermal fluctuations, extreme temperatures, humidity, or interior condensation (“cargo sweat”).
• 3.1.2. Structural Integrity: The Customer shall not modify, drill, weld, or alter the interior or exterior of the Container.

3.2. Pallet Storage:

• 3.2.1. Structural Standards: All goods stored on pallets must be securely shrink-wrapped, banded, and structurally stable. Pallets must conform to standard Euro-pallet (EPAL) weight limits.
• 3.2.2. Right of Refusal & Remediation: The Company reserves the absolute right to refuse any pallet deemed unstable or hazardous. If a pallet collapses due to the Customer’s improper stacking, the Customer shall be strictly liable for all cleanup costs, operational disruption fees, and damage to adjacent third-party goods.

3.3. Vehicle Storage (Cars, Trailers, Boats):

• 3.3.1. Operational Condition: Unless exclusively stored on a trailer, all Vehicles must be mechanically operational, possess inflated tires, and be capable of being moved.
• 3.3.2. Registration and Insurance: All Vehicles must possess active, valid statutory motor insurance and be legally registered, or officially declared off-road to the Cyprus Road Transport Department.
• 3.3.3. Mechanical Work Prohibition: The Storage Space is exclusively for parking. The Customer is strictly prohibited from conducting mechanical repairs, maintenance, oil changes, or washing the Vehicle on the Facility premises.
• 3.3.4. Leakage and Environmental Hazard: The Customer must ensure the Vehicle does not leak oil, fuel, or toxic fluids. The Company reserves the right to apply environmental cleanup surcharges and immediately terminate the agreement if leaks occur.

4. FINANCIAL OBLIGATIONS AND IRREVOCABLE PAYMENT TERMS

4.1. Absolute Payment Obligation: Storage licensing fees are due strictly in advance. Time is fundamentally of the essence.

4.2. Hierarchy of Fund Application: Any partial remuneration received from a Customer in arrears shall be mandatorily applied at the Company’s discretion in the following order: (i) collection/towing costs, (ii) administrative late penalties, (iii) disposal or auction costs, and (iv) principal storage fees.

5. ENFORCEMENT OF LIEN, EXTRAJUDICIAL SEIZURE, AND VEHICLE TOWING

The Customer explicitly acknowledges and consents to the following stringent enforcement mechanisms and waives any legal right to contest them.

5.1. Express Waiver of Notification: The Customer irrevocably waives any right to receive formal written or electronic notice of default, intent to lock, intent to tow, or intent to liquidate Goods or Vehicles.

5.2. Day 1 of Arrears (Immediate Default):

Should a balance remain unsatisfied at 23:59 on the agreed due date, the Company shall immediately:

• Revoke the Customer’s electronic and physical access to the Facility.
• Apply a physical overlock to the Unit/Container or a wheel clamp to the Vehicle/Pallet.
• Levy an immediate administrative default surcharge.

5.3. Day 14 of Arrears (Constructive Abandonment & Liquidation):

Should the Debt remain unsatisfied for fourteen (14) consecutive calendar days, the Customer systematically divests and relinquishes all ownership, title, and proprietary interest in the Goods, Pallets, or Vehicles.

5.4. Liquidation Execution (Goods, Containers, and Pallets):

The Company is wholly authorized to force entry and sell the Goods (via public auction or private sale) or destroy/discard them if deemed commercially expedient. The Customer preemptively waives any claim for conversion regarding the sale price achieved.

5.5. Specialized Enforcement for Vehicles (Towing and Seizure):

In the event of a 14-day default concerning a Vehicle, the Company holds the irrevocable right to execute the following remedies:

• 5.5.1. Extrajudicial Towing: The Company may unilaterally engage a third-party towing service to remove the Vehicle from the Facility and deposit it on public roadways or at a private impound, at the absolute financial and legal risk of the Customer. All towing fees shall be added to the Debt.
• 5.5.2. Exercise of Lien & Sale: Alternatively, to the extent permitted by Cyprus law, the Company may assert its lien over the Vehicle, immobilize it, and proceed to sell the Vehicle at public or private auction to recover the Debt, or sell it to a registered scrapyard for dismantling.

5.6. Liability for Deficit: The proceeds of any liquidation or scrap sale shall be applied against the Debt. Should a deficit remain, the Customer remains personally liable. GEOGEO Ltd reserves the right to assign the ledger to a collection consortium or initiate aggressive litigation within the Cyprus Judiciary.

6. EXCLUSION OF LIABILITY AND MANDATORY INSURANCE

6.1. Comprehensive Release: To the maximum extent permissible under Cyprus law, GEOGEO Ltd shall be entirely exempt from any liability pertaining to the loss, depreciation, destruction, or theft of the Goods, Pallets, or Vehicles. This absolute release encompasses damages arising from weather, hail, UV exposure, water ingress, fire, pests, structural failure, acts of terrorism, or the negligence of the Company’s personnel.

6.2. Mandatory Indemnification by Insurance: The Customer warrants they hold comprehensive “all-risk” insurance coverage equal to the full replacement value of the Goods or Vehicle. Storing Goods or Vehicles without such insurance is an assumption of total personal financial peril.

7. HAZARDOUS MATERIALS AND RIGHT OF PREEMPTIVE ENTRY

7.1. Prohibited Inventory: Under no circumstances shall the Customer store toxic, flammable (other than fuel securely contained within a Vehicle’s factory tank), biological, explosive, illegal, or odorous materials.

7.2. Preemptive Entry: GEOGEO Ltd reserves the unilateral right to forcibly enter a Storage Unit, Shipping Container, or Vehicle without prior consent if there is a reasonable suspicion of a breach of Section 7.1, a structural emergency, or upon the directive of state authorities.

8. DATA PROTECTION AND JURISDICTION

8.1. GDPR Compliance: GEOGEO Ltd processes the Customer’s personal data strictly in accordance with the EU General Data Protection Regulation (GDPR). The Customer explicitly consents to the processing of their data for contract execution, CCTV monitoring, and debt recovery (including sharing data with third-party collection agencies and the Cyprus Road Transport Department).

8.2. Governing Law:

This Agreement shall be governed exclusively by the Laws of the Republic of Cyprus. The competent Courts of Cyprus shall possess exclusive jurisdiction over any dispute.