Poland – Test drilling and boring work – Wykonanie otworów geotermalnych Kutno GT-1 i Kutno GT-2, dla Inwestycji pn.: BUDOWA CIEPŁOWNI GEOTERMALNEJ W KUTNIE WRAZ Z JEJ PRZYŁĄCZENIEM DO SYSTEMU CIEPŁOWNICZEGO ECO KUTNO SP. Z O.O.

The subject of this contract is the implementation of Contract 1 in the "build" formula, i.e. comprehensive execution of drilling and geological works (drilling, casing, cementing, reinforcement) for the Kutno GT-1 and Kutno GT-2 wells based on the Geological Works Projects (PRG) and STWiORB provided by the Contracting Authority, as well as the development of the Plan of Movement of the Geological Works Facility, mobilization and demobilization of the drilling equipment along with the accompanying infrastructure, carrying out hydrogeological tests, and full demobilization of the base, well, and final reclamation of the area after completion of the works. The subject of the contract has been divided into a Guaranteed Scope and an Optional Scope and will be implemented in stages, in accordance with the physical and technological division specified in detail in point 1.1 of STWiORB and in § 1 paragraph 5 of the Project of the Draft Contract Terms (PPU – Part II SWZ). The Guaranteed Scope is the comprehensive execution of drilling and geological works for the Kutno GT-1 well and the Kutno GT-2 well in the design variant providing for the diameter of the casing and filter pipes in Variant II, indicated in the PRG for the drilling of the Kutno GT-2 well, in accordance with the provisions of the Geological Works Projects (PRG), STWiORB and the Physical-Financial Schedule (HRF). Within Stage I of the Guaranteed Scope, the construction and installation of the Thermal Water Discharge Tank is also included, in accordance with the valuation included in the Offer Form. On the other hand, the Optional Scope is the unilateral right of the Contracting Authority (right of option) to decide on a change in the design of the Kutno GT-2 well, involving an absolute waiver of the implementation of Variant II provided for in the Guaranteed Scope described in the PRG and the implementation of Variant I of the design of the Kutno GT-2 well described in the PRG, which results in an appropriate change in the remuneration of the Contractor on a balanced (differential) basis as specified in the Contract. The right to activate the Optional Scope may be exercised by the Contracting Authority during the implementation of the Contract, within the deadlines indicated in the Contract. The Contracting Authority also reserves the right to unilaterally limit the Subject of the Contract (including waiving the implementation of the Kutno GT-2 well or waiving individual optional/conditional tests, measurements and works) on the basis specified in § 16a of the PPU, with the effect of an appropriate reduction in the remuneration of the Contractor exclusively to the value of the works actually and properly carried out. A detailed Description of the subject of the contract is presented in Part III of the SWZ, and also results from the PPU (Part II of the SWZ).