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 execution of Contract 1 in the "build" formula, i.e. comprehensive performance 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, conducting 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 material and technological division specified in detail in point 1.1 of STWiORB and in § 1 paragraph 5 of the Draft Contractual Provisions Project (PPU – Part II SWZ). The Guaranteed Scope is the comprehensive performance 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 assembly 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 (option right) to decide, based on Article 441 of the Pzp Act, to change the design of the Kutno GT-2 well, involving an absolute abandonment 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 balancing (differential) basis specified in the Contract. The right to initiate 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 to abandon the implementation of the Kutno GT-2 well or to abandon individual optional/conditional tests, measurements and works) on the basis specified in § 16a PPU, with the effect of an appropriate reduction in the remuneration of the Contractor exclusively to the value of the works actually and properly performed. The Detailed Description of the subject of the contract is presented in Part III SWZ, as well as results from the PPU (Part II SWZ).