Common use of CONTRACT OBJECTIVE Clause in Contracts

CONTRACT OBJECTIVE. 1.1. With this Self‐Storage Contract placeB AG („placeB“) provides the customer (the “Customer”) with a lockable storage area (hereaGer "placeBox“) for his/her items for an agreed upon period of time and a fee pursuant to the present General Terms and Conditions (“GTCs“). 1.2. These GTCs are part of the Self‐Storage Contract and the Customer is obliged to comply with these GTCs as well as the instructions provided by placeB. The Customer is liable for all damages and expenses incurred by placeB or a third party resulting from violating the Self‐Storage Contract (incl. these GTCs). 1.3. This Self‐Storage Contract does not represent an escrow agreement and placeB is not obliged to store the goods pursuant to Article 472 seq. Code of Obligations. placeB is not familiar with the type, quantity, condition or value of the Customer’s items and does not receive the aforementioned information. The Customer independently stores his/her items in his/her placeBox at placeB; he/she can access his/her items and remove his/her items from the placeBox at any time. 1.4. This Self‐Storage Contract is not subject to the legal regulations for rent of residential and business spaces, because the placeBox may not be used to conduct business or as a residential and/or living space. The Customer is prohibited from legally or factually using the placeBox as his/her residence, business or branch office and placing advertising boards, ads or lighted signs in the interior or on the exterior of the placeBox. Any activity other than storing items is strictly prohibited. The Customer also declares that the placeBox is not necessary or imperative for operating a business. 1.5. The present Self‐Storage Contract does not represent a Safe‐Contract, because the security standard provided by placeB is not sufficient. placeBox is not liable for loss, theG or damages to the items stored and is requesting that the Customer obtains insurance coverage for the value of the stored items (see Clause 8)

CONTRACT OBJECTIVE. 1.1. With this Self‐Storage Contract placeB AG („placeB“) provides the customer (the “Customer”) with a lockable storage area (hereaGer hereafter "placeBox“) for his/her items for an agreed upon period of time and a fee pursuant to the present General Terms and Conditions (“GTCs“). 1.2. These GTCs are part of the Self‐Storage Contract and the Customer is obliged to comply with these GTCs as well as the instructions provided by placeB. The Customer is liable for all damages and expenses incurred by placeB or a third party resulting from violating the Self‐Storage Contract (incl. these GTCs). 1.3. This Self‐Storage Contract does not represent an escrow agreement and placeB is not obliged to store the goods pursuant to Article 472 seq. Code of Obligations. placeB is not familiar with the type, quantity, condition or value of the Customer’s items and does not receive the aforementioned information. The Customer independently stores his/her items in his/her placeBox at placeB; he/she can access his/her items and remove his/her items from the placeBox at any time. 1.4. This Self‐Storage Contract is not subject to the legal regulations for rent of residential and business spaces, because the placeBox may not be used to conduct business or as a residential and/or living space. The Customer is prohibited from legally or factually using the placeBox as his/her residence, business or branch office office and placing advertising boards, ads or lighted signs in the interior or on the exterior of the placeBox. Any activity other than storing items is strictly prohibited. The Customer also declares that the placeBox is not necessary or imperative for operating a business. 1.5. The present Self‐Storage Contract does not represent a Safe‐Contract, because the security standard provided by placeB is not sufficientsufficient. placeBox is not liable for loss, theG theft or damages to the items stored and is requesting that the Customer obtains insurance coverage for the value of the stored items (see Clause 8)