Terms and conditions of sale

Effective date: April 23, 2025Service provider: Space & co Europe Development, a Swiss company based in Geneva, registered with the Geneva Commercial Register under number CHE-222.731.573, operating under the registered trademark Alpine Pearl.

This English version is provided for informational purposes only. It is an approximate translation of the original French text. No rights or obligations should be interpreted from this translation. The original French text remains legally binding and is governed by Swiss law.

Part I – General Provisions

I.1 PURPOSE

These General Terms and Conditions of Sale (hereinafter referred to as the "GTC") define the rights and obligations between Alpine Pearl (hereinafter referred to as the "Service Provider") and its clients (hereinafter referred to as the "Client") in the context of providing the following services:

Service A: "New Project" – Support and advisory services to help clients identify areas aligned with their real estate acquisition project.

Service B: "Ongoing Project" – Tailor-made support in the context of a real estate acquisition project.

Service B is distinct from Service A, and each service requires a specific Client commitment. Engaging in Service A does not imply any commitment to Service B, and the absence of Service A does not prevent the Client from subscribing to Service B.

I.2 GTC

These GTC define the terms and conditions applicable to the provision of services offered by the Service Provider. They apply to all services unless otherwise expressly agreed in writing between the parties.

Any order for a service implies full and unconditional acceptance of these GTC by the Client.

The Service Provider reserves the right to amend these GTC at any time. The applicable version is the one published on the Service Provider’s website at the date of the Client’s order.

The applicable version is the one in effect at the time the contract is signed.

I.3 LIMITATION OF LIABILITY

The Service Provider’s liability is limited to the obligations arising from these GTC and to the amount invoiced for the service, except in cases of intentional fault or gross negligence (Art. 100 CO).

The Service Provider does not provide legal, tax, or financial advice. Its role is limited to the agreed advisory support defined with the Client. The Client is encouraged to consult a qualified professional before making any decisions.

The Service Provider assumes no responsibility for decisions made by the Client based on the information provided and shall in no event be held liable for indirect damages, such as loss of opportunity or financial losses, resulting from the use of the provided services.

The Service Provider does not make any favorable or unfavorable assessment of the Client’s ability to complete their project. It undertakes to provide analyses and recommendations diligently but does not guarantee the feasibility or profitability of the Client’s project.

The Service Provider cannot be held liable for unforeseen events that may affect the Client’s project, such as administrative acts, decisions by ski lift companies, local authorities, real estate stakeholders, local contractors, or any other third parties.

(Service A) Service A "New Project" does not target any specific property but only potential investment areas.

(Service A) The Client acknowledges that the information provided as part of the "New Project" service is indicative and does not engage the Service Provider’s liability.

(Service A) The Service Provider does not guarantee that the identified areas meet the Client’s financial or personal goals, as these remain the Client’s sole responsibility. The Service Provider cannot be held liable for any misjudgment or inappropriate choice of investment location by the Client.

(Service B) The Client is solely responsible for their real estate investment, including the selection of the property, its legal compliance, financing, and administrative formalities. The Service Provider shall not be held liable for the Client’s decisions or for any financial, tax, or legal consequences arising therefrom.

The service is based on general data analyses and market trends. The information provided by Alpine Pearl is deemed accurate at the time of delivery but the Service Provider does not guarantee the accuracy or completeness of the information provided. The information is based on data available at the time of service and does not bind the Service Provider in the event of subsequent changes (e.g., economic, climatic, or regulatory developments).

The data collected by the Service Provider may be subjective, inaccurate, or variable due to the topics covered, including but not limited to: climate, architecture, urban planning, landscape, ski area quality, real estate prices, local economy, and local amenities.

The Service Provider does not include in its analyses geopolitical data, macroeconomic data, or catastrophic or crisis scenarios.

I.4 CLIENT’S OBLIGATIONS

The Client undertakes to provide the Service Provider, within the agreed deadlines, with all information necessary for the proper execution of the services, guaranteeing their accuracy and completeness. The Client is solely responsible for the quality of the information provided.

The Client agrees to treat the information provided by the Service Provider during the execution of the services—classified as confidential—as strictly reserved for use in the project for which the Service Provider was engaged. This information may not be disclosed, published, or transmitted to unauthorized third parties, particularly for commercial, political, management, or advisory purposes in real estate or related sectors, subject to claims for damages or other legal actions under Swiss law.

The services are intended for the Client’s exclusive use. Any use of the services or information provided by brokers or other intermediaries, particularly for commercial purposes or resale to third parties, must be subject to prior written agreement with the Service Provider.

I.5 TRANSPARENCY AND CONFLICT OF INTERESTS

The Service Provider acts exclusively in the Client’s interest within the framework of its mission. Any partnership with a third party related to the service provided will be disclosed to the Client to avoid any conflict of interest.

I.6 SERVICE PROVIDER’S OBLIGATIONS

The Service Provider undertakes to provide the services diligently and professionally, in accordance with industry standards and within the limits of the resources made available by the Client. The Service Provider is bound only by an obligation of means and not of result, unless expressly stated otherwise.

The Service Provider undertakes to provide Service A to the best of its ability, to act exclusively in the Client’s interest, and not to transmit information intended to mislead the Client.

I.7 CUSTOMIZED SERVICE

The Client may agree with the Service Provider on a tailor-made service. In this case, a price is set by mutual agreement, which may evolve if additional services are required to complete the mission.

I.8 PRICING AND PAYMENT TERMS

Each new project is subject to a specific commercial offer specifying the services to be performed, applicable fees, and payment terms.
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The Service Provider’s fees are defined in the commercial offer and vary according to the nature, complexity, and scope of the services requested. Depending on the mission, the fees may include:

• Fixed fees: predetermined amounts for specific services, indicated in the offer;
• A commission: calculated based on terms specified in the offer (e.g., a percentage of a transaction or contract amount);
• Hourly or daily billing: based on a rate communicated in advance;
• Referral fees: for coordination with local professionals, as defined in the offer.

In case of modification of the mission (extension, change of client data, increased complexity, or time overrun), the Service Provider will submit a new offer or an amendment to the Client for prior approval. Any additional costs will be invoiced in accordance with the agreed terms.

Part II – Service A: “New Project”

II.1 SERVICE DESCRIPTION

The “New Project” service provides personalized guidance and advice to help individuals and professionals identify areas suitable for potential real estate acquisition projects. This service does not constitute investment advice or real estate brokerage activity and does not target any specific property.

The service is tailored to the Client’s needs, as determined by the information provided by the Client.

II.2 PRIORITY ASSESSMENT

Service A may be based on a priority assessment established from the information provided by the Client. The result of this assessment is a working tool to help the Service Provider better target the Client’s project. Neither the method nor the results of the assessment are considered exact or absolute and cannot be invoked against the Service Provider or third parties.

The priority assessment helps to build a Client profile by identifying types of ski resorts. This does not mean that these resorts are the only ones suitable for the Client’s project or that the project is feasible in those locations.

The Service Provider cannot be held liable for decisions or results arising from the Client’s use of the priority assessment.

Part III – Service B: “Ongoing Project”

III.1 SERVICE DESCRIPTION

The “Ongoing Project” service provides tailor-made support to private or professional clients in the context of a real estate project. It may include assistance in acquiring a property, analyzing the property’s location, contextual market analysis, risk and opportunity assessment, comparison of similar property values, assessment of architectural potential, and more broadly, any related or additional requests specified by the Client and accepted by the Service Provider.

The service is adapted to the Client’s needs, as determined by the information provided by the Client.

III.2 REAL ESTATE SPECIFICS BY COUNTRY

Service B varies depending on the property’s location. Local laws apply in each country, without prejudice to the Service Provider’s right to charge for time-based services or coordination with local professionals.If the property is located in Switzerland, the Service Provider’s remuneration is subject to Swiss regulations and practices, as specified in the offer.

The mandatory law of the country where the property is located remains applicable. The Client undertakes to comply with all applicable legal and tax obligations.

Part IV – Confidentiality and Data Protection

IV.1 CONFIDENTIALITY

All exchanges, written or oral, between the Service Provider and the Client are considered confidential. The Service Provider undertakes to handle the Client’s information confidentially, except where legally required or expressly authorized by the Client. The Service Provider may then transmit only the data strictly necessary to carry out its mission to third parties, ensuring that the shared information is minimized to preserve confidentiality and, where possible, the Client’s anonymity, in accordance with the law.

IV.2 SERVICE PROVIDER’S DATA

The data collected by the Service Provider, as well as their interpretation, remain its exclusive property, regardless of the form. This data is used solely by the Service Provider to deliver the agreed services and is not directly accessible to the Client.

IV.3 SWISS DATA REGULATION

The Service Provider, subject to the Federal Act on Data Protection (FADP) of September 25, 2020 (effective since September 1, 2023), processes the Client’s personal data (name, contact details, project-related information) solely to execute the requested services, manage the client relationship, or comply with legal obligations. Appropriate measures ensure their confidentiality and security.

The Client has the right to access, correct, delete, and object to the processing of their data in accordance with the FADP, which they may exercise by contacting the Service Provider.

For clients located in the European Union, the Service Provider complies with the applicable GDPR obligations.

Final Provisions

These GTC and related contracts are governed by Swiss law, in particular the Swiss Code of Obligations. Any dispute relating to their interpretation or execution shall fall under the exclusive jurisdiction of the courts of the canton where the Service Provider has its registered office, subject to the mandatory provisions of Swiss law.