Aqualens Software License and Services Agreement

Version 1.0

Effective Date: 2026 June

This Software License and Services Agreement (“Agreement”) is entered into between:

Aqualens AS, a company incorporated under the laws of Norway (“Aqualens”, “Provider”, “we”, “our”),

and

Customer, the legal entity identified in the applicable Order Form (“Customer”, “you”, “your”).

1. PURPOSE

Aqualens provides software solutions for the collection, management, visualization, analysis, and reporting of underwater imagery, video, inspection data, environmental observations, asset information, and related engineering information.

This Agreement governs Customer’s access to and use of the Aqualens platform, associated applications, APIs, cloud services, documentation, and support services.

2. DEFINITIONS

Platform means the Aqualens software platform, including web applications, mobile applications, APIs, databases, AI modules, mapping tools, reporting tools, and associated services.

Assets means underwater structures, fish farms, vessels, shipwrecks, pipelines, cables, offshore installations, marine infrastructure, reefs, habitats, environmental observations, and other objects recorded or managed through the Platform.

Customer Data means all data uploaded, collected, generated, or processed by Customer through the Platform.

Media Content means photographs, videos, sonar data, LiDAR data, ROV footage, diver footage, drone footage, and other imagery.

Authorized Users means individuals authorized by Customer to access the Platform.

3. LICENSE GRANT

Subject to this Agreement and payment of applicable fees, Aqualens grants Customer a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to:

• Access and use the Platform.
• Upload and manage Customer Data.
• Store and retrieve Media Content.
• Create inspection records and reports.
• Use mapping and visualization tools.
• Access analytical and AI-assisted features.
• Allow Authorized Users to access the Platform.

No ownership rights are transferred.

4. LICENSE RESTRICTIONS

Customer shall not:

• Reverse engineer, decompile, or disassemble the Platform.
• Copy source code or software architecture.
• Attempt to access restricted system components.
• Remove copyright notices.
• Create competing products using Aqualens technology.
• Resell or sublicense the Platform without written approval.
• Use automated tools to extract data beyond documented API functionality.
• Circumvent usage limits or licensing controls.

5. CUSTOMER DATA OWNERSHIP

Customer retains ownership of:

• Inspection records.
• Survey data.
• Asset information.
• Environmental observations.
• Uploaded photographs and videos.
• ROV and AUV collected data.
• Sonar and sensor data.
• Customer reports and documentation.

Aqualens acquires no ownership rights to Customer Data.

6. LIMITED RIGHTS TO CUSTOMER DATA

Customer grants Aqualens a limited license to:

• Host Customer Data.
• Backup Customer Data.
• Process Customer Data.
• Provide technical support.
• Maintain and improve service functionality.

Unless explicitly authorized by Customer, Aqualens shall not:

• Sell Customer Data.
• Disclose Customer Data to third parties.
• Use Customer Data for marketing purposes.

7. AI AND ANALYTICS

The Platform may provide:

• Image recognition.
• Object classification.
• Change detection.
• Environmental analysis.
• Fish counting.
• Asset condition assessments.
• Automated report generation.

AI-generated results are advisory only.

Customer remains solely responsible for:

• Inspection decisions.
• Engineering assessments.
• Regulatory compliance.
• Operational decisions.

Aqualens does not warrant the accuracy of AI-generated outputs.

8. AGGREGATED AND ANONYMIZED DATA

Aqualens may use aggregated and anonymized information derived from Platform usage to:

• Improve services.
• Develop software features.
• Produce statistical reports.
• Improve AI models.

Such information shall not identify Customer or Customer Assets.

9. CUSTOMER RESPONSIBILITIES

Customer is responsible for:

• Accuracy of uploaded data.
• Obtaining required permissions.
• Compliance with applicable laws.
• User account management.
• Data retention requirements.
• Regulatory reporting obligations.

Customer warrants that it possesses all necessary rights to upload Customer Data.

10. MARINE AND OFFSHORE OPERATIONS DISCLAIMER

The Platform is intended as a decision-support and data-management system.

The Platform is not a substitute for:

• Professional engineering judgment.
• Marine survey certification.
• Regulatory inspections.
• Safety-critical operational decisions.

Aqualens shall not be responsible for decisions made based on Platform outputs.

11. DATA STORAGE AND RETENTION

Unless otherwise specified:

• Customer Data remains available while the subscription remains active.
• Aqualens performs periodic backups.
• Deleted data may remain in backup systems for a limited period.

Following termination:

• Customer may export its data for thirty (30) days.
• Aqualens may permanently remove Customer Data thereafter.

12. SERVICE LEVELS

Target service availability:

99.5% monthly uptime

Excluding:

• Scheduled maintenance.
• Emergency maintenance.
• Third-party outages.
• Internet service disruptions.
• Force majeure events.

13. SUPPORT SERVICES

Standard support includes:

• Technical assistance.
• Bug reporting.
• Platform updates.
• Security updates.

Support hours:

According to agreement.

14. API ACCESS

Where API access is licensed:

Customer may integrate the Platform with:

• ROV systems.
• AUV systems.
• Inspection software.
• Sensor platforms.
• ERP systems.
• GIS systems.
• Third-party reporting tools.

API usage limits may apply.

Aqualens reserves the right to modify APIs provided reasonable notice is given.

15. INTELLECTUAL PROPERTY

Aqualens retains exclusive ownership of:

• Source code.
• Algorithms.
• Databases.
• Software architecture.
• User interface designs.
• Documentation.
• Trademarks.
• Trade secrets.
• AI models.
• Enhancements and updates.

No rights are granted except those expressly stated.

16. CONFIDENTIALITY

Each party shall protect Confidential Information using reasonable care.

Confidential Information includes:

• Technical information.
• Business information.
• Pricing information.
• Customer Data.
• Product roadmaps.
• Proprietary methodologies.

Confidentiality obligations survive termination for five (5) years.

Trade secrets remain protected indefinitely.

17. DATA PROTECTION AND GDPR

Where personal data is processed:

• Customer acts as Data Controller.
• Aqualens acts as Data Processor.

The parties shall enter into a separate Data Processing Agreement (“DPA”).

Aqualens shall implement appropriate technical and organizational measures consistent with applicable data protection laws.

18. FEES AND PAYMENT

Customer shall pay fees specified in the applicable Order Form.

Invoices are payable within thirty (30) days.

Failure to pay may result in:

• Suspension of service.
• Termination of access.
• Recovery of collection costs.
• Statutory interest.

19. WARRANTIES

Aqualens warrants that it has authority to provide the Platform.

Except as expressly stated, the Platform is provided:

“AS IS” and “AS AVAILABLE.”

Aqualens does not guarantee:

• Continuous availability.
• Error-free operation.
• Regulatory acceptance of reports.
• Suitability for a specific purpose.

20. LIMITATION OF LIABILITY

To the maximum extent permitted by law:

Aqualens’ total liability under this Agreement shall not exceed the fees paid by Customer during the preceding twelve (12) months.

Aqualens shall not be liable for:

• Lost profits.
• Lost revenue.
• Business interruption.
• Loss of goodwill.
• Loss of contracts.
• Loss of data.
• Consequential damages.
• Indirect damages.

21. INDEMNIFICATION

Customer shall indemnify Aqualens against claims arising from:

• Customer Data.
• Unauthorized use of the Platform.
• Violation of law.
• Infringement resulting from Customer content.

22. TERM AND TERMINATION

This Agreement remains effective while Customer maintains an active subscription.

Either party may terminate:

• For material breach not cured within thirty (30) days.
• Upon insolvency of the other party.
• For convenience in accordance with subscription notice periods.

Aqualens may immediately suspend access where necessary to protect security, legal compliance, or system integrity.

23. EXPORT CONTROL

Customer shall comply with applicable export control and sanctions laws.

Customer shall not provide access to prohibited persons, organizations, or jurisdictions.

24. GOVERNING LAW

This Agreement shall be governed by the laws of Norway.

The parties submit to the exclusive jurisdiction of the courts of Stavanger.

Schedule A – Licensing Models

Starter

• Up to 5 users
• Limited storage
• Standard support

Professional

• Up to 25 users
• Increased storage
• API access
• Advanced reporting

Enterprise

• Unlimited users
• Multi-site operations
• Custom integrations
• SSO
• Priority support

Camera-Based Licensing

Licensing may alternatively be based on:

• Number of connected cameras
• Number of inspections
• Storage volume
• AI processing volume
• Managed assets