Article 1: Scope of the "Space by For-Mining" Service
Under the provision of the "Space by For-Mining" service, this contract includes the following services:Access to the performance of selected machines.Performance guarantee for 18 months.Online client account with reward tracking.Online maintenance for any issues encountered with the service.
1.0.2 The provision of the "Space by For-Mining" Service also includes: Regular maintenance of existing equipment.Verification and monitoring of network, server, and electrical cabling.Replacement of defective parts that are not part of the Client's equipment but are necessary for its proper operation.Monitoring and security of existing equipment.
1.0.3 For any equipment purchased from For-Mining, the equipment is guaranteed for 18 months by the company.
All other services such as repairs, component replacements, or other troubleshooting interventions of any kind are excluded from the provided guarantees and will be billed automatically at an hourly (non-divisible) rate, subject to prior quotation and Client approval.In case of a major issue rendering the machine irreparable (theft, fire, failure of an essential component, etc.), For-Mining guarantees reimbursement of the purchase price of the machine on a pro-rata basis for its remaining usage time, calculated over an accounting depreciation period of 36 months.
If a major problem prevents the repair of the machine (theft, fire, critical failure, etc.), For-Mining guarantees a partial reimbursement determined based on the depreciated accounting value of the machine over 36 months. This reimbursement will be calculated proportionally to the remaining usage time from the date of purchase.
Article 2: Contract Commencement
2.0.1 The contract is concluded for a period of one (1) year from the date of commissioning of the equipment. The contract is renewable by tacit agreement, subject to the issuance of an amendment to adjust pricing and energy costs as described in Article 3.
2.0.2 The contract will take effect no later than two (2) business days after the full payment of the contract by the Client.
If equipment needs to be delivered, the contract will take effect no later than fourteen (14) business days after all elements have been received.
Article 3: Financial Terms
3.0.1 The Service price, i.e., the energy bill value, will be invoiced on a monthly basis, payable in advance. The energy rate is determined based on the operational site referenced at the time of subscription in the Specific Terms of the Contract. It may be adjusted upon renewal after notifying the Client via email at least sixty (60) calendar days prior to the contract's renewal date. In the event of a refusal at renewal, the Client may only terminate the contract under the same conditions as those provided for termination in these Specific Terms.The reference electricity performance cost is set at $0.05 per kWh for the first contract year (+6 months) when the "USA" option is selected. This rate is guaranteed and cannot be modified during this period.
The reference electricity performance cost is set at $0.07 per kWh for the first contract year when the "CANADA" option is selected. This rate is guaranteed and cannot be modified during this period.After the first year (+6months), the Service Provider reserves the right to adjust the electricity cost. The Client will be informed of the new rates at least 30 days before the contract's end date through an amendment. The Client will have a period of 30 days to accept or refuse these new conditions.
3.0.2 The Company reserves the right to pass on to the Client, without delay, any new energy-related tax, increases in existing taxes, or increases in regulated electricity tariffs set by the reference issuing entity on which the "Space by For-Mining" contract is based.3.0.3 When equipment has not yet been shipped and shipping is required, a flat-rate payment per device will be requested from the Client to cover shipping costs (including customs fees) to the selected hosting center. This amount will be specified to the Client during their order on the website. Orders placed within the For-Mining group are not subject to customs fees for delivery to the selected hosting center.
Article 4: Invoicing
4.0.1 Monthly Invoicing:
The invoicing of maintenance services and reference electricity is done on a monthly basis. Each month, an invoice will be sent to the Client. Payment must be made within 10 business days following the invoice issuance date. If payment is made via bank transfer, the transfer cost will be borne by the Client. To avoid transaction fees, cryptocurrency payment is recommended.
Advance Payment: The Client commits to paying the monthly invoice in advance for the upcoming period. The invoice amount will be calculated based on the reference electricity consumption of the equipment and the applicable maintenance rates.
4.0.2 Fee Details:
Electricity: The total amount invoiced for electricity will be based on the actual reference consumption of the selected equipment, calculated in kWh according to the equipment's technical specifications, multiplied by the electricity cost of $0.05 per kWh.
- Hosting Fees: Hosting fees include infrastructure provision, facility security, regular equipment maintenance, and access to the online client account for monitoring mining performance.
- No Advance Fees: No initial fees for installation or service setup will be charged unless otherwise stated in the attached quotation.
Article 5: Energy Cost Adjustment
Notification of Adjustment: The Service Provider commits to sending an amendment specifying the new pricing conditions to the Client at least 30 days before the end of the first contract year. The Client may choose to accept the new pricing conditions or terminate the contract. If the amendment is refused, the contract will end on the anniversary of the first year without additional fees.
Renewal Terms: If the Client accepts the amendment, the contract will be renewed for an additional one (1) year period under the newly agreed pricing conditions.
Article 6: Maintenance
6.0.1 The Company may schedule maintenance or development work at the technological, online platform, electrical, network, or infrastructure levels of its hosting center that could cause service disruptions.
6.0.2 The Company commits to ensuring that interruptions to the "Space by For-Mining" Service do not exceed a cumulative total of twenty (20) days per year as part of corrective and evolutionary maintenance. In the event of an interruption, the rental fee will be prorated and deducted from the next month’s invoice or compensated through the token associated with the selected machine.
Article 7: Service LevelsThe Company guarantees the availability and performance of the selected machine, ensuring service provision at 90%.
Article 8: Term and Termination
8.0.1 The Contract comes into effect when the Client’s contract is first commissioned and remains in effect for a one (1) year period, automatically renewable. Termination of the Contract by the Client requires written notice with a thirty (30) day notice period.
8.0.2 In case of default, either Party may terminate the Contract by written notification if:A material breach of the Contract cannot be remedied;A material breach of the Contract is not remedied within ten (10) calendar days from receipt of written notification;The other Party commits a serious violation of any applicable law.
8.0.3 Upon termination or cancellation of the Contract, the Client will bear the costs of returning their equipment before the termination becomes effective. Failing this, the Company may consider the equipment abandoned and take ownership of it.
Article 9: Packaging and Transport
9.0.1 The Client is responsible for all transportation costs, damages, losses, customs blockages, storage rental, etc.
9.0.2 As part of its "Space by For-Mining" service, the Company is responsible for transportation to the hosting site when such transportation is required. For Mining Limited is not responsible for the package during the return journey to the Client’s home address.
9.0.3 If necessary, all packaging materials must be sent within 30 days from the start of the contract. If packaging materials are not returned within 30 days, they will be recycled. Packaging materials may be retained upon the Client’s request for a potential return.
Article 10: Payment Terms
10.0.1 Payments must be made in Euros (EUR) or cryptocurrencies available on the client portal and are net of any withholding or deduction. The prices stated in the contract are expressed as excluding taxes (HT).
10.0.2 The Client agrees to make invoice payments on the 1st day of each month, in accordance with the agreed payment terms. The monthly invoice is based on the Euro-Dollar exchange rate (or any other currency) of the previous month.
10.0.3 The price in Euros (or any other currency) is calculated based on the exchange rate in effect on the last business day of the previous month. For Mining Limited reserves the right to adjust monthly rates accordingly, based on exchange rate fluctuations.
10.0.4 Any unpaid amount will result in the immediate suspension of the service, and For Mining Limited reserves the right to terminate the contract after a formal notice has remained unresolved for fifteen (15) days.
10.0.5 For Mining Limited offers highly competitive pricing for the selected machine. Payment must be made within a maximum of 48 hours after the Client’s signature to secure the rate offered in this contract. If payment is not made within 48 hours, For Mining reserves the right to revise the pricing of the selected machine.
10.0.6 In the event of any changes to rates or payment terms, For Mining Limited will notify the Client at least thirty (30) days prior to the effective date of the new conditions.
Article 11: Data Confidentiality
11.0.1 The Company is committed to protecting the confidentiality of the Client’s personal data in accordance with applicable legal provisions.
11.0.2 Data collected under this contract will only be used for contract management purposes and to improve the quality of services provided by the Company.
11.0.3 No data will be shared with third parties without the Client’s prior consent, except to meet legal obligations or to ensure the proper functioning of the service.
Article 12: Liability
12.0.1 The Company cannot be held liable for indirect or consequential damages, such as loss of data, profits, or business activity, resulting from the use or inability to use the service, unless such damages result from gross negligence or willful misconduct by the Company.
12.0.2 Under no circumstances shall the Company’s liability exceed the total amount paid by the Client for the services provided in the contractual year preceding the claim.
12.0.3 The Company cannot be held liable for service interruptions caused by force majeure events, as defined in Article 13.
Article 13: Force Majeure
13.0.1 The Company shall not be liable for any failure or delay in performing its contractual obligations caused by events beyond its reasonable control, such as natural disasters, armed conflicts, strikes, network outages, or interruptions from energy providers.
13.0.2 In the event of force majeure, the Company’s obligations will be suspended until the event is resolved, and the contract duration will be extended by a period equal to the suspension period.
Article 14: Intellectual Property
14.0.1 All intellectual property rights related to the services, software, systems, or technologies provided under this contract remain the exclusive property of the Company or its suppliers.
14.0.2 The Client may only use these elements for purposes strictly necessary to execute this contract and is prohibited from reproducing, modifying, or distributing them without prior written authorization from the Company.
Article 15: Dispute Resolution
15.0.1 In the event of a dispute related to the execution or interpretation of this contract, the Parties shall endeavor to resolve the dispute amicably within thirty (30) days following notification of the dispute by one of the Parties.
15.0.2 If no amicable solution is reached, the dispute will be submitted to the competent courts according to the applicable jurisdictions.
Article 16: Terms of Use for Online Services
16.0.1 The Client must comply with the terms of use of the online services provided by the Company for monitoring mining performance and managing their account.
16.0.2 Access to these services is protected by personal login credentials. The Client is responsible for maintaining the confidentiality of this information and agrees to immediately inform the Company in case of any compromise of their credentials.
16.0.3 The Company reserves the right to suspend or restrict access to online services in case of a violation of these terms of use or for maintenance purposes.
Article 17: Early Termination Policy
17.0.1 In the event of non-compliance with contractual obligations by the Client, the Company reserves the right to terminate the contract without notice, with a prorated refund for services not provided, minus any applicable administrative fees and damages.
Article 18: Limitation of Liability Related to Market Fluctuations
18.0.1 The Company is not liable for fluctuations in cryptocurrency markets, exchange rates, or electricity prices, unless otherwise specified in the specific terms of the contract.
18.0.2 The Client acknowledges that they assume all financial risks related to variations in cryptocurrency values, including the volatility of rewards from mining activities.
18.0.3 The Company agrees to inform the Client of any significant changes affecting operating costs or market conditions but shall not be held responsible for financial losses due to unforeseeable external conditions.
Article 19: Protection Against Fraud and Cybercrime
19.0.1 The Company implements enhanced security measures to protect equipment and services against cyberattacks, hacking, and fraud attempts.
19.0.2 The Client is required to immediately report any suspicious behavior or abnormal activity observed on their equipment or online services to the Company.
19.0.3 In the event of a service compromise due to an attack or hacking, the Company commits to deploying all necessary resources to restore the service as quickly as possible. However, the Company shall not be held liable for any losses incurred by the Client as a result of such attacks, unless proven to be caused by the Company's negligence.
Article 20: Non-Competition Clause
20.0.1 During the term of the contract and for a period of twelve (12) months following its termination, the Client agrees not to create or develop, directly or indirectly, a competing business with that of the Company in the field of cryptocurrency mining, whether using the same infrastructure or others.
20.0.2 This non-competition clause is geographically limited to territories where the Company operates mining centers. In the event of non-compliance with this clause, the Company may claim damages proportional to the harm suffered.
Article 21: Reference for Natural Gas Prices (USA) or Hydro-Québec (CANADA)
- Energy Cost Indexation: The energy cost for this contract is indexed to the price of natural gas in the United States, using the NYMEX futures contract as a reference. This contract is based on the delivery price at the Henry Hub in Louisiana, a central point for the U.S. pipeline systems, serving as a major benchmark for natural gas prices in the market. To track natural gas index variations, please refer to: Natural Gas Price | Live Prices.
- Energy Indexation in Canada: The energy cost for this machine in Canada will be indexed to the electricity rates published by Hydro-Québec, the primary hydroelectric power provider in the province of Quebec.
- Adjustment Periodicity: Rates will be adjusted annually based on updates to the Hydro-Québec reference index for hydroelectricity. Adjustments will account for the published rates for large industrial consumers within the current tariff structure.
- Rate Publication: Hydro-Québec regularly publishes its rates on its official website. These rates will serve as the reference for calculating energy costs for machines installed in Canada. Any variation will be directly correlated with changes to the Hydro-Québec reference index
Article 22: Governing Law and Jurisdiction
22.0.1 Governing Law:
All sales and services provided by For Mining Limited are exclusively governed by the laws in force in Hong Kong (HKSAR).
22.0.2 Jurisdiction:
In the event of a dispute, litigation, or claim related to this contract, the exclusive jurisdiction will be that of the courts of Hong Kong. No other jurisdiction may be invoked unless there is prior written agreement from both parties.
Under the provision of the "Space by For-Mining" service, this contract includes the following services:Access to the performance of selected machines.Performance guarantee for 18 months.Online client account with reward tracking.Online maintenance for any issues encountered with the service.
1.0.2 The provision of the "Space by For-Mining" Service also includes: Regular maintenance of existing equipment.Verification and monitoring of network, server, and electrical cabling.Replacement of defective parts that are not part of the Client's equipment but are necessary for its proper operation.Monitoring and security of existing equipment.
1.0.3 For any equipment purchased from For-Mining, the equipment is guaranteed for 18 months by the company.
All other services such as repairs, component replacements, or other troubleshooting interventions of any kind are excluded from the provided guarantees and will be billed automatically at an hourly (non-divisible) rate, subject to prior quotation and Client approval.In case of a major issue rendering the machine irreparable (theft, fire, failure of an essential component, etc.), For-Mining guarantees reimbursement of the purchase price of the machine on a pro-rata basis for its remaining usage time, calculated over an accounting depreciation period of 36 months.
If a major problem prevents the repair of the machine (theft, fire, critical failure, etc.), For-Mining guarantees a partial reimbursement determined based on the depreciated accounting value of the machine over 36 months. This reimbursement will be calculated proportionally to the remaining usage time from the date of purchase.
Article 2: Contract Commencement
2.0.1 The contract is concluded for a period of one (1) year from the date of commissioning of the equipment. The contract is renewable by tacit agreement, subject to the issuance of an amendment to adjust pricing and energy costs as described in Article 3.
2.0.2 The contract will take effect no later than two (2) business days after the full payment of the contract by the Client.
If equipment needs to be delivered, the contract will take effect no later than fourteen (14) business days after all elements have been received.
Article 3: Financial Terms
3.0.1 The Service price, i.e., the energy bill value, will be invoiced on a monthly basis, payable in advance. The energy rate is determined based on the operational site referenced at the time of subscription in the Specific Terms of the Contract. It may be adjusted upon renewal after notifying the Client via email at least sixty (60) calendar days prior to the contract's renewal date. In the event of a refusal at renewal, the Client may only terminate the contract under the same conditions as those provided for termination in these Specific Terms.The reference electricity performance cost is set at $0.05 per kWh for the first contract year (+6 months) when the "USA" option is selected. This rate is guaranteed and cannot be modified during this period.
The reference electricity performance cost is set at $0.07 per kWh for the first contract year when the "CANADA" option is selected. This rate is guaranteed and cannot be modified during this period.After the first year (+6months), the Service Provider reserves the right to adjust the electricity cost. The Client will be informed of the new rates at least 30 days before the contract's end date through an amendment. The Client will have a period of 30 days to accept or refuse these new conditions.
3.0.2 The Company reserves the right to pass on to the Client, without delay, any new energy-related tax, increases in existing taxes, or increases in regulated electricity tariffs set by the reference issuing entity on which the "Space by For-Mining" contract is based.3.0.3 When equipment has not yet been shipped and shipping is required, a flat-rate payment per device will be requested from the Client to cover shipping costs (including customs fees) to the selected hosting center. This amount will be specified to the Client during their order on the website. Orders placed within the For-Mining group are not subject to customs fees for delivery to the selected hosting center.
Article 4: Invoicing
4.0.1 Monthly Invoicing:
The invoicing of maintenance services and reference electricity is done on a monthly basis. Each month, an invoice will be sent to the Client. Payment must be made within 10 business days following the invoice issuance date. If payment is made via bank transfer, the transfer cost will be borne by the Client. To avoid transaction fees, cryptocurrency payment is recommended.
Advance Payment: The Client commits to paying the monthly invoice in advance for the upcoming period. The invoice amount will be calculated based on the reference electricity consumption of the equipment and the applicable maintenance rates.
4.0.2 Fee Details:
Electricity: The total amount invoiced for electricity will be based on the actual reference consumption of the selected equipment, calculated in kWh according to the equipment's technical specifications, multiplied by the electricity cost of $0.05 per kWh.
- Hosting Fees: Hosting fees include infrastructure provision, facility security, regular equipment maintenance, and access to the online client account for monitoring mining performance.
- No Advance Fees: No initial fees for installation or service setup will be charged unless otherwise stated in the attached quotation.
Article 5: Energy Cost Adjustment
Notification of Adjustment: The Service Provider commits to sending an amendment specifying the new pricing conditions to the Client at least 30 days before the end of the first contract year. The Client may choose to accept the new pricing conditions or terminate the contract. If the amendment is refused, the contract will end on the anniversary of the first year without additional fees.
Renewal Terms: If the Client accepts the amendment, the contract will be renewed for an additional one (1) year period under the newly agreed pricing conditions.
Article 6: Maintenance
6.0.1 The Company may schedule maintenance or development work at the technological, online platform, electrical, network, or infrastructure levels of its hosting center that could cause service disruptions.
6.0.2 The Company commits to ensuring that interruptions to the "Space by For-Mining" Service do not exceed a cumulative total of twenty (20) days per year as part of corrective and evolutionary maintenance. In the event of an interruption, the rental fee will be prorated and deducted from the next month’s invoice or compensated through the token associated with the selected machine.
Article 7: Service LevelsThe Company guarantees the availability and performance of the selected machine, ensuring service provision at 90%.
Article 8: Term and Termination
8.0.1 The Contract comes into effect when the Client’s contract is first commissioned and remains in effect for a one (1) year period, automatically renewable. Termination of the Contract by the Client requires written notice with a thirty (30) day notice period.
8.0.2 In case of default, either Party may terminate the Contract by written notification if:A material breach of the Contract cannot be remedied;A material breach of the Contract is not remedied within ten (10) calendar days from receipt of written notification;The other Party commits a serious violation of any applicable law.
8.0.3 Upon termination or cancellation of the Contract, the Client will bear the costs of returning their equipment before the termination becomes effective. Failing this, the Company may consider the equipment abandoned and take ownership of it.
Article 9: Packaging and Transport
9.0.1 The Client is responsible for all transportation costs, damages, losses, customs blockages, storage rental, etc.
9.0.2 As part of its "Space by For-Mining" service, the Company is responsible for transportation to the hosting site when such transportation is required. For Mining Limited is not responsible for the package during the return journey to the Client’s home address.
9.0.3 If necessary, all packaging materials must be sent within 30 days from the start of the contract. If packaging materials are not returned within 30 days, they will be recycled. Packaging materials may be retained upon the Client’s request for a potential return.
Article 10: Payment Terms
10.0.1 Payments must be made in Euros (EUR) or cryptocurrencies available on the client portal and are net of any withholding or deduction. The prices stated in the contract are expressed as excluding taxes (HT).
10.0.2 The Client agrees to make invoice payments on the 1st day of each month, in accordance with the agreed payment terms. The monthly invoice is based on the Euro-Dollar exchange rate (or any other currency) of the previous month.
10.0.3 The price in Euros (or any other currency) is calculated based on the exchange rate in effect on the last business day of the previous month. For Mining Limited reserves the right to adjust monthly rates accordingly, based on exchange rate fluctuations.
10.0.4 Any unpaid amount will result in the immediate suspension of the service, and For Mining Limited reserves the right to terminate the contract after a formal notice has remained unresolved for fifteen (15) days.
10.0.5 For Mining Limited offers highly competitive pricing for the selected machine. Payment must be made within a maximum of 48 hours after the Client’s signature to secure the rate offered in this contract. If payment is not made within 48 hours, For Mining reserves the right to revise the pricing of the selected machine.
10.0.6 In the event of any changes to rates or payment terms, For Mining Limited will notify the Client at least thirty (30) days prior to the effective date of the new conditions.
Article 11: Data Confidentiality
11.0.1 The Company is committed to protecting the confidentiality of the Client’s personal data in accordance with applicable legal provisions.
11.0.2 Data collected under this contract will only be used for contract management purposes and to improve the quality of services provided by the Company.
11.0.3 No data will be shared with third parties without the Client’s prior consent, except to meet legal obligations or to ensure the proper functioning of the service.
Article 12: Liability
12.0.1 The Company cannot be held liable for indirect or consequential damages, such as loss of data, profits, or business activity, resulting from the use or inability to use the service, unless such damages result from gross negligence or willful misconduct by the Company.
12.0.2 Under no circumstances shall the Company’s liability exceed the total amount paid by the Client for the services provided in the contractual year preceding the claim.
12.0.3 The Company cannot be held liable for service interruptions caused by force majeure events, as defined in Article 13.
Article 13: Force Majeure
13.0.1 The Company shall not be liable for any failure or delay in performing its contractual obligations caused by events beyond its reasonable control, such as natural disasters, armed conflicts, strikes, network outages, or interruptions from energy providers.
13.0.2 In the event of force majeure, the Company’s obligations will be suspended until the event is resolved, and the contract duration will be extended by a period equal to the suspension period.
Article 14: Intellectual Property
14.0.1 All intellectual property rights related to the services, software, systems, or technologies provided under this contract remain the exclusive property of the Company or its suppliers.
14.0.2 The Client may only use these elements for purposes strictly necessary to execute this contract and is prohibited from reproducing, modifying, or distributing them without prior written authorization from the Company.
Article 15: Dispute Resolution
15.0.1 In the event of a dispute related to the execution or interpretation of this contract, the Parties shall endeavor to resolve the dispute amicably within thirty (30) days following notification of the dispute by one of the Parties.
15.0.2 If no amicable solution is reached, the dispute will be submitted to the competent courts according to the applicable jurisdictions.
Article 16: Terms of Use for Online Services
16.0.1 The Client must comply with the terms of use of the online services provided by the Company for monitoring mining performance and managing their account.
16.0.2 Access to these services is protected by personal login credentials. The Client is responsible for maintaining the confidentiality of this information and agrees to immediately inform the Company in case of any compromise of their credentials.
16.0.3 The Company reserves the right to suspend or restrict access to online services in case of a violation of these terms of use or for maintenance purposes.
Article 17: Early Termination Policy
17.0.1 In the event of non-compliance with contractual obligations by the Client, the Company reserves the right to terminate the contract without notice, with a prorated refund for services not provided, minus any applicable administrative fees and damages.
Article 18: Limitation of Liability Related to Market Fluctuations
18.0.1 The Company is not liable for fluctuations in cryptocurrency markets, exchange rates, or electricity prices, unless otherwise specified in the specific terms of the contract.
18.0.2 The Client acknowledges that they assume all financial risks related to variations in cryptocurrency values, including the volatility of rewards from mining activities.
18.0.3 The Company agrees to inform the Client of any significant changes affecting operating costs or market conditions but shall not be held responsible for financial losses due to unforeseeable external conditions.
Article 19: Protection Against Fraud and Cybercrime
19.0.1 The Company implements enhanced security measures to protect equipment and services against cyberattacks, hacking, and fraud attempts.
19.0.2 The Client is required to immediately report any suspicious behavior or abnormal activity observed on their equipment or online services to the Company.
19.0.3 In the event of a service compromise due to an attack or hacking, the Company commits to deploying all necessary resources to restore the service as quickly as possible. However, the Company shall not be held liable for any losses incurred by the Client as a result of such attacks, unless proven to be caused by the Company's negligence.
Article 20: Non-Competition Clause
20.0.1 During the term of the contract and for a period of twelve (12) months following its termination, the Client agrees not to create or develop, directly or indirectly, a competing business with that of the Company in the field of cryptocurrency mining, whether using the same infrastructure or others.
20.0.2 This non-competition clause is geographically limited to territories where the Company operates mining centers. In the event of non-compliance with this clause, the Company may claim damages proportional to the harm suffered.
Article 21: Reference for Natural Gas Prices (USA) or Hydro-Québec (CANADA)
- Energy Cost Indexation: The energy cost for this contract is indexed to the price of natural gas in the United States, using the NYMEX futures contract as a reference. This contract is based on the delivery price at the Henry Hub in Louisiana, a central point for the U.S. pipeline systems, serving as a major benchmark for natural gas prices in the market. To track natural gas index variations, please refer to: Natural Gas Price | Live Prices.
- Energy Indexation in Canada: The energy cost for this machine in Canada will be indexed to the electricity rates published by Hydro-Québec, the primary hydroelectric power provider in the province of Quebec.
- Adjustment Periodicity: Rates will be adjusted annually based on updates to the Hydro-Québec reference index for hydroelectricity. Adjustments will account for the published rates for large industrial consumers within the current tariff structure.
- Rate Publication: Hydro-Québec regularly publishes its rates on its official website. These rates will serve as the reference for calculating energy costs for machines installed in Canada. Any variation will be directly correlated with changes to the Hydro-Québec reference index
Article 22: Governing Law and Jurisdiction
22.0.1 Governing Law:
All sales and services provided by For Mining Limited are exclusively governed by the laws in force in Hong Kong (HKSAR).
22.0.2 Jurisdiction:
In the event of a dispute, litigation, or claim related to this contract, the exclusive jurisdiction will be that of the courts of Hong Kong. No other jurisdiction may be invoked unless there is prior written agreement from both parties.