AMENDMENT 1
to the Services AGREEMENT
dated 10.02.2025
Project
9115
Sequential
001
Client: EGT
Page: 1 of 2
Project:
Pilot tests & Conceptual Study-
Ecophos & DH/HH processES
Agreement amended:
Prayon Technologies, Eesti Geoloogiateenistus
Service Agreement dated 15/01/2025
1. PARTIES
This amendment to the Services Agreement of 15th January 2025 (hereafter the “Amendment”) is entered into and between:
1. Prayon Technologies, a division of PRAYON S.A., a corporation organized and existing under the laws of Belgium, having its registered office at Rue Joseph Wauters, 144, 4480 Engis (Belgium), registered at the Crossroads Bank for Enterprises with the number 0405.747.040 (hereinafter referred to as "the Consultant" or “PRT”) of the one part and
2. Eesti Geoloogiateenistus, a public legal person existing and organized under the laws of Estonia, having its registered office at F. R. Kreutzwaldi 5, 44314 Rakvere, Estonia, registered at the Estonian commercial register with the number 77000387, represented by director Sirli Sipp Kulli (hereinafter referred to as "the Client" or “EGT”) of the other part.
The Consultant and the Client are hereinafter individually referred to as the “Party” or collectively as the “Parties”.
2. AMENDMENT OF THE SERVICES AGREEMENT
Following the order for the Feasibility tests, EGT is willing to pursue with the Pilot tests and Conceptual study.
The proposal for the Pilot tests and the Conceptual study based on Ecophos and Di-hydrate or Hemi-hydrate Phosphoric acid processes is attached to this Amendment (Appendix A1).
The present amendment aims to activate the order for the Pilot tests and Conceptual study.
3. APPENDIX TO THIS AMENDMENT
Appendix A1_9115_EGT_ Pilot_ ECO_rev2_120225
This Appendix forms an integral part of this Amendment.
4. PAYMENT TERMS RELATED TO THE REQUESTED CHANGES
In consideration of the Pilot tests,
1 The Consultant undertakes to carry out the Services
1. described in the proposal enclosed in Appendix A1 including the Sections “Scope of Work” and “Timing”
2. in accordance with the Service Agreement dated 15th January 2025
3. when the first instalment and the samples have been received.
2 The Client undertakes to pay the Consultant for the Services
1. described in the Scope of Work set out in Appendix A1;
2. for the amount stated in the Section “Price” set out in Appendix A1 (§10.1) ie the amount of 930.000 (nine hundred thirty thousand) euros;
3. in accordance with the Payment Terms and Conditions set out in Appendix A1 (§10.2; §10.3);
4. in accordance with the Service Agreement dated 15th January 2025
5. EFFECTIVE DATE OF THIS AMENDMENT
This Amendment Agreement shall come into effect as from the date of its signing by both Parties.
6. MISCELLANEOUS
Except as expressly amended in this Amendment, all provisions of the Services Agreement shall remain in full force and effect*.
The Amendment shall not be construed as a waiver of any right by any Party to any of its rights under the Services Agreement, to the extent such rights are not modified by the Amendment. The Amendment shall be governed by, and construed in accordance with, the applicable laws of Sweden. Clause 7.11 (Dispute Resolution) of the Services Agreement will be applicable to all disputes arising out or in connection with the Amendment.
*Notes :
• The « Redacted Feasibility tests report » should be considered as the « Redacted Pilot tests report »
• The Appendix 3 should be replaced by Appendix A1
IN WITNESS WHEREOF the Parties have caused their duly authorized representatives to sign this Amendment and each Party acknowledges having received its own original.
PRT: Client:
Validly represented by: Validly represented by:
Mr Theys Tibaut Mrs. Sirli Sipp Kulli
Prayon Technologies General Manager Eesti Geoloogiateenistus, Director
Date of signing: Date of signing:
Signature: Signature
Mr Benoit Van Massenhove
Head of Business Development Title:
Date of signing: Date of signing:
Signature: Signature:
Ms Jennifer Demeyere
Business Development Manager
Date of signing:
Signature: