Loan Agreement

DEFINITIONS

Receiving Bank: The banking institution where THE COMPANY holds an account to receive payments under this contract.
Equipment: The device described in Clause 1 of this agreement (hereinafter, "the Equipment"), consisting of a water filter installed at the client's residence, intended exclusively for domestic use.
Equipment Value: The commercial price of the Equipment as agreed in Clause 5.
Household: The client's address indicated above.

The parties hereto have mutually agreed upon and covenanted the following clauses in accordance with the Dominican law:

CLAUSES

List of Equipment:
• One (1) storage tank
• One (1) six-stage reverse osmosis filtration system
• One (1) gooseneck faucet
Purpose: The objective of this agreement is for THE COMPANY to provide THE CLIENT with purified water through the Equipment exclusively for domestic use.
Consumption Capacity: The permitted consumption shall be up to four hundred liters (400L) of water per month. Additional consumption shall be charged at one hundred and twenty Dominican pesos 00/100 (DOP $120.00) per each liter (1L) or fraction thereof.
Loan for Use: THE COMPANY provides the Equipment to THE CLIENT as a loan for use; therefore, unless expressly stated otherwise in this agreement, the consideration hereunder pertains solely to the provision of water and not the use of the Equipment. THE COMPANY shall assume all costs for maintenance, replacement, repair, and visits included in the contracted plan.
Equipment Value: The parties agree that the commercial value of the Equipment loaned during the term of this agreement shall be Thirty-Five Thousand Dominican Pesos 00/100 (DOP $35,000.00).
Brand Rights: THE COMPANY retains the rights to the PURAX brand; thus, the execution of this agreement does not imply any authorization for THE CLIENT to use said brand.
Fees: The Client agrees to pay the Company the following fees:

a. A monthly fee depending on the selected plan, payable within the first five business days of each month, except for the first payment, which shall be made upon signing this contract.

b. A charge of One Thousand Nine Hundred Ninety-Nine Dominican Pesos 00/100 (DOP $1,999.00) for each standard filter replacement and Five Thousand One Hundred Ninety-Nine Dominican Pesos 00/100 (DOP $5,199.00) for each full filter replacement. Prices are subject to change and shall be paid upon replacement.

c. A non-refundable registration fee payable upon signing this contract.

d. Upon cancellation of the contract, a service uninstallation fee of Two Thousand Dominican Pesos 00/100 (DOP $2,000.00) shall be charged upon retrieval of the Equipment.

e. A one-time fee of Four Thousand Eight Hundred Ninety-Nine Dominican Pesos 00/100 (DOP $4,899.00) for Equipment relocation within the service area, payable upon reinstallation. The Client must notify the Company at least fifteen (15) calendar days in advance to schedule the technical visit.
Fee Collection and Refunds: The Client’s failure to meet banking requirements or the receiving bank's rejection of the Client’s application shall result in termination of this contract.
Term: This agreement has no fixed or minimum term. THE CLIENT may terminate it early without liability. Upon termination by THE CLIENT, an uninstallation fee will apply as specified in Clause 7d. THE COMPANY may terminate this contract without liability by providing written notice to THE CLIENT fifteen (15) days in advance.
Termination by THE CLIENT must follow the procedure set forth in Clause 16.
Payment Default: If the Client fails to pay the monthly fee on time, the Company may engage third parties to collect the debt and may share the Client’s information with credit bureaus.
Maintenance: The Company will provide maintenance up to two (2) times per year, depending on the selected plan, free of charge and with prior appointment. Extra filter changes due to source water quality, negligence, vandalism, or saturation will be charged as per the current service pricing. The Client agrees not to service, dismantle, disable, or repair the Equipment personally or via third parties not authorized by the Company. The Client must inform the Company within forty-eight (48) hours of detecting any defect, malfunction, damage, loss, or theft for technical servicing.
In urgent cases (e.g., severe leaks), the Client may uninstall the Equipment at their own expense and must immediately notify the Company while safeguarding the Equipment until it is repaired or replaced.
Liability: The Client shall be fully responsible for the loss, destruction, misuse, and/or abnormal wear of the Equipment, including damages caused by force majeure or unforeseen events. The Client agrees to compensate the Company for the Equipment's value as per Clause 5.
The Client must also notify the Company if filter changes are required sooner than scheduled, which will incur the additional costs outlined in Clause 7b.
The Company shall not be liable for any health issues arising from consumption of water purified through the Equipment.
Subleasing: The Client agrees not to sublease, transfer, dispose of, encumber, or allow third-party possession of the Equipment. Likewise, the Client agrees not to dismantle or relocate the Equipment from its original installation site in the Household.
Limitation of Liability: The Company’s liability to the Client and third parties for damages, injuries, and/or losses resulting from use or misuse of the Equipment, including defects or inadequacy, is limited to the cost of repair or replacement of the Equipment.
Assignment of Rights: The Client may not assign their rights or obligations under this contract to third parties without the prior written consent of the Company.
Return of Equipment: Within thirty (30) days of contract termination, the Client agrees to allow the Company to uninstall the Equipment from the Household. If the Client unjustifiably retains the Equipment beyond this period, they shall pay a hundred per cent (100%) increase in the monthly fee for the entire retention period.
Failure to comply with this obligation shall result in the Client being liable to pay the commercial value of the Equipment as outlined in Clause 5.
Late Payment Interest: The Client agrees to pay late interest of four percent (4%) per month on outstanding balances plus Three Hundred Dominican Pesos 00/100 (DOP $300.00) for collection expenses per each payment default.
Referral Program: Upon signing this contract, the Client agrees to be automatically enrolled in the Company's Referral Program. Through this program, the Client may receive certain benefits for referring individuals who become new clients of the Company. Terms and conditions of the Referral Program are available at www.puraxrd.com.
By signing this contract, the Client agrees to comply with said terms and acknowledges that the Company may amend them at any time, provided such changes are published on the aforementioned website.
Privacy Notice: The Client acknowledges full awareness of the Company's Privacy Notice, which can be found at www.puraxrd.com, and agrees to the appropriate handling and safeguarding of their personal data by the Company and its authorized parties.
Electronic Means: This contract shall be executed through electronic means, with mutual consent being established. The Client’s payment for the service and/or use of the water supply shall constitute tacit acceptance of this agreement.
A scanned copy of the Client’s voter ID or passport shall be uploaded and annexed as an integral part of this contract.
Any matters not prescribed herein shall be governed by common law.

Executed in the city of Santo Domingo, Distrito Nacional, on the eighth day of April two thousand twenty-five (April 8, 2025).