Legal

PRIVACY POLICY

BluEnergies Ltd. (“BluEnergies”, the “Company”, “we”, “us” or “our”) values and respects your privacy. This privacy policy (this “Privacy Policy”) sets out the manner in which we collect, use, disclose and otherwise manage personal information. This Privacy Policy describes that personal information may be collected from you via our website and its related external services, and how we use that information. By accessing www.blu-energies.com you agree to be bound by our terms and conditions of this Privacy Policy, as well as the Terms of Use set out elsewhere on this website.

If you do not agree with the Company’s policies and practices, you may choose not to provide your personal information to the Company. BluEnergies is committed to regular review of this Privacy Policy. Any changes will be posted. We encourage you to check the website periodically for any such postings. Your continued use of the site or submission of information will be deemed your conclusive acceptance of the updated Privacy Policy.

When you visit our website, certain information about you may be collected, whether automatically through technology tools that make our website effective, or to accommodate certain requests which you make.

We only collect and use your personal information when we have a lawful basis for doing so. This lawful basis includes when you provide us with express consent, when consent is implied, or when we have a legal or contractual obligation to collect or process the information.

Certain collection, use and disclosure of your personal information that we wish to make are specifically set out in this Privacy Policy. Be sure to review this Privacy Policy since, by providing your personal information to us, you are consenting to the collection, use and disclosure of your personal information in accordance with the terms of this Privacy Policy.

You may change or withdraw your consent at any time on reasonable notice to us, subject to pre-existing legal and contractual obligations, by contacting us as set out under the heading “Contact” in this Privacy Policy. If you withdraw certain consents, it may limit the manner in which you can interact with the Company. For clarity, your ability to change or withdraw consent is not absolute. The Company reserves the right to continue handling your personal information in those circumstances required or permitted by law despite a change or withdrawal of consent.

COLLECTION AND USE OF PERSONAL INFORMATION

GENERAL INQUIRIES

When you contact us with an inquiry, we collect the contact information you provide, such as your name, title, telephone number and email address. We use this information to respond to your inquiry.

INVESTOR RELATIONS

When you contact us regarding investment related inquiries, we collect the contact information you provide, such as your name, title, telephone number and email address. We use this information to respond to your inquiry and to provide you with requested materials or information.

NEWSLETTER

When you subscribe to receive our newsletter by email, we collect the contact information you provide, such as your name and email address. We use this information to add you to our newsletter email distribution list.

DISCLOSURE AND SHARING OF PERSONAL INFORMATION

GENERAL PRIVACY STATEMENT

We will not disclose, trade, rent or sell your personal information except as set out herein or as otherwise required or permitted by law.

SERVICE PROVIDERS

Because we work with third-party service providers in various aspects of our business (including operating this website, website security, information collection and storage, etc.), the Company may use these third-party vendors to store and process personal information on its behalf. In these cases, your personal information may be made available to these third parties. In all cases where third parties may be able to access your information, we will continue to protect it through contractual arrangements. Our service providers are provided the information they require to perform their designated function and are not authorized to use or disclose personal information for their own purposes. We may store your information in electronic databases or email boxes hosted by us or our third-party service providers for periods of time and with safeguards that we believe are reasonable depending on the nature and sensitivity of the information. Access to the information is restricted in accordance with our security protocols, and storage of the information is governed by our agreements with the service providers. Please note that some personal information may be stored on servers outside of Canada.

LEGAL/COMPLIANCE

BluEnergies and its service providers may provide your personal information in response to a search warrant or other legally valid inquiry or order, or to another organization for the purposes of investigating a breach of an agreement or contravention of law or detecting, suppressing or preventing fraud, or as otherwise required or permitted by applicable Canadian, U.S. or other applicable law. Your personal information may also be disclosed where necessary for the establishment, exercise or defence of legal claims and to investigate or prevent actual or suspected loss or harm to persons or property, or when disclosing such information is reasonably required to protect the Company, our property, this website or the safety of visitors or others.

SALE OF BUSINESS

Personal information may be provided to third parties in connection with a merger or sale (including transfers made as part of insolvency or bankruptcy proceedings) involving all or part of BluEnergies or as part of a corporate reorganization or stock sale or other change in corporate control, including for the purpose of determining whether to proceed or continue with such transaction or business relationship.

SAFEGUARDS AND RETENTION

We have implemented reasonable administrative, technical and physical measures in an effort to safeguard the personal information in our custody and control against theft, loss and unauthorized access, use, modification and disclosure. We restrict access to your personal information on a need-to-know basis to employees and authorized service providers who require access to it to fulfil their job requirements.

For legal and business purposes we may retain your personal information for as long as it is reasonably needed. Upon expiry of the appropriate retention period, bearing in mind our reasonable legal and business requirements, your personal information may be destroyed in a secure manner or made anonymous.

ACCESS TO PERSONAL INFORMATION

In certain circumstances, you may have the right to access, update and correct inaccuracies in your personal information in our custody and control, subject to certain exceptions prescribed by law. If personal information is incorrect or incomplete, you may have the right to request for it to be corrected or supplemented. You may have the right to request that your data is deleted if the processing of such data has no legal basis, or if the legal basis has ceased to apply. The same applies if the purpose behind the data processing activity has lapsed or ceased to be applicable for other reasons. However, certain operational, legal and/or statutory retention requirements must be observed. We may request certain personal information for the purposes of verifying the identity of the individual seeking access to their personal information records.

You may also have the right to data portability i.e. you may have the right to request us to provide you, or a third party, with a copy of your personal information in a structured, commonly used machine-readable format. In the very limited circumstances where we may be processing personal information based on your consent, you may withdraw that consent at any time. This does not affect the lawfulness of processing which took place prior to its withdrawal.

If you wish to exercise any of the foregoing rights or are unhappy with how we process personal information, we ask you to contact the Company so that we can rectify the situation.

PROTECTION OF YOUR PERSONAL INFORMATION

BluEnergies considers personal information provided by you to be private and confidential and accordingly we treat it with care. We will not collect, use or disclose your personal information for any purpose other than those identified in this Privacy Policy, except with your consent or where permitted by law to do so, we will protect the privacy and confidentiality of your personal information with reasonable security safeguards that are appropriate to the sensitivity level of the information, and we will keep your personal information as accurate and up to date as is necessary for the purposes identified in this Privacy Policy.

AUTOMATED COLLECTION OF DATA

Your use of BluEnergies’ website may result in the automated collection of data that can potentially be used to identify you. An automated collection method that may be used is “cookies”. Cookies are types of browser data that may include Internet Protocol (IP) addresses, WIFI details and user data captured when accessing systems or websites. Cookies provide system analytics and assist organizations with site maintenance or operational system requirements. With most internet browsers, you can erase cookies from your computer hard drive, block all cookies, or receive a warning before a cookie is stored. Please refer to your browser instructions or help screen to learn more about these functions.

SOCIAL MEDIA

Our website contains, or may contain in the future, links to third-party websites, including social media platforms such as Facebook, Twitter, Instagram and LinkedIn. If you click on one of those links, you will be taken to third-party websites we do not control. This Privacy Policy does not apply to the information practices of any third-party websites. We recommend that you review the privacy statements of other websites carefully. We are not responsible for the personal information practices of such third-party websites.

CONTACT

If you have any requests, questions or comments about your personal information or this Privacy Policy, you may contact us in one of the following ways:

E-mail: info@blu-energies.com
Phone Number: [l]

Mail:

NORTH AMERICA
Suite 2200 - 885 West Georgia Street Vancouver, BC Canada V6C 3E8

EUROPE
Level 1, Devonshire House One Mayfair Place London, UK W1J 8AJ

TERMS OF USE

This website is the property of BluEnergies Ltd. (“BluEnergies”, the “Company”, “we”, “us” or “our”). We encourage you to use this website and information contained herein for your personal, non-commercial use. By accessing or using www.blu-energies.com, you accept the following terms and conditions (“Terms of Use”). Please read these Terms of Use carefully before using this website. BluEnergies may update these Terms of Use at any time without notice. By accessing or using this website after such revisions are posted, you agree to the revised Terms of Use. Visitors should check this posting regularly to review these Terms of Use and any revisions.

NO SOLICITATION

The information provided through this website is intended solely for the general knowledge of visitors to this website and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of BluEnergies in any jurisdiction. Content available on or through this website is not intended to modify, qualify, supplement or amend the documents that BluEnergies has made available to the public pursuant to the requirements of applicable corporate and securities legislation and regulations and should not be used for the purpose of making investment decisions concerning BluEnergies’ securities. Official versions of BluEnergies’ public disclosure documents, which should be considered by prospective investors, are available on SEDAR+ at www.sedarplus.ca.

COPYRIGHT AND TRADEMARKS

Any and all information, content, reports, data, databases, graphics, designs, icons, interfaces, web pages, text, files, software, product names, company names, trademarks, logos and trade names contained on this website (collectively, the “content”), including the manner in which the content is presented or appears and all information relating thereto, are the property of BluEnergies or its licensors. By accessing or using this website, you agree and acknowledge BluEnergies’ rights in this website and the content. This website and the content are protected by copyright, trademark and other proprietary rights of BluEnergies or third parties. Except as expressly permitted herein, no portion of this website or the content, including trademarks, logos and service marks, may be reproduced in any form or by any means without prior written permission from BluEnergies or the applicable third party. Any unauthorized retransmission, republication or other copying or modification of content posted on this website, including trademarks, trade names and service marks, may violate federal, common or civil law, trade-mark law and copyright law, and may result in legal action.

GENERAL USE

BluEnergies makes no representation that this website or services or information referenced on this website are appropriate or available for use in any specific location and access to this website where the contents are contrary to local laws, is strictly prohibited. Accessing this website is at your own risk and you shall be responsible for compliance with any applicable local, national, or international laws. The information provided on this website is intended to be general in nature and you should not rely on it to make any decisions. Any decisions or actions based on information contained on this website or any other sites linked to this one, are your exclusive responsibility. BluEnergies does not warrant or make any representations or claims as to the validity, correctness, currency or otherwise of the information provided at this website, or at any links to this website. Information on this website may contain typographical errors or technical inaccuracies. BluEnergies shall not be liable or responsible for any claim or damage, whether direct, special, indirect or consequential, arising out of the interpretation, reliance upon or other use, authorized or unauthorized, of such information. Information may be changed or updated without notice and your continued access to or use of this website after such changes indicates

your acceptance of these Terms of Use as modified. It is your responsibility to review these Terms of Use regularly. BluEnergies may also make improvements and changes to the information on this website at any time without notice.

PERMITTED USE

Provided you are in compliance with these Terms of Use, BluEnergies hereby grants a personal, non-exclusive and non-transferable license to you to access, read, download and print the content for the sole purpose of viewing the content. Such license is revocable at BluEnergies’ sole option and no other use of the content is authorized. In consideration of this authorization, you covenant: (i) not to remove any copyright, trademark or other proprietary notices from any downloaded or printed copy of the content and (ii) that you will explicitly acknowledge BluEnergies as the provider of the content. Except as specified above, nothing contained herein shall be construed as conferring to you by implication any license or right under or to any intellectual property, including patents, trademarks or copyrighted materials of BluEnergies or of any third party.

You agree not to use this website: in any way that violates any applicable federal, provincial, state, local or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from Canada or other countries); to transmit, or procure the sending of, any advertising or promotional material, including any “junk mail”, “chain letter” or “spam” or any other similar solicitation; to impersonate or attempt to impersonate the Company, a Company employee, or any other person or entity (including, without limitation, by using e-mail addresses or screen names associated with any of the foregoing); or to engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of this website, or which, as determined by us, may harm the Company or users of this website or expose them to liability.

LINKS TO THIRD PARTY SITES

This website may contain links to other Web Sites (“Linked Sites”). The Linked Sites are not under the control of, and the Company is not responsible for, the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. BluEnergies is not responsible for webcasting or any other form of transmission received from any Linked Site. BluEnergies is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by the Company of this website or any association with its operators.

DISCLAIMER

THIS WEBSITE AND THE CONTENT ARE PROVIDED “AS IS” WITHOUT WARRANTY OR CONDITION OF ANY KIND. USE OF THIS WEBSITE OR THE CONTENT IS AT YOUR OWN RISK. BLUENERGIES DOES NOT MAKE ANY REPRESENTATIONS, WARRANTIES OR CONDITIONS ABOUT THE QUALITY, ACCURACY, RELIABILITY, COMPLETENESS, CURRENCY, OR TIMELINESS OF THIS WEBSITE OR THE CONTENT. BLUENERGIES DOES NOT ASSUME ANY RESPONSIBILITY FOR ANY ERRORS, OMISSIONS OR INACCURACIES IN THIS WEBSITE OR THE CONTENT.

TO THE FULLEST EXTENT PERMITTED BY LAW, BLUENERGIES DISCLAIMS ALL WARRANTIES, REPRESENTATIONS AND CONDITIONS OF ANY KIND WITH RESPECT TO THIS WEBSITE AND THE CONTENT WHETHER EXPRESS, IMPLIED OR COLLATERAL, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT OR THAT THIS WEBSITE OR THE CONTENT ARE OR WILL BE ERROR-FREE OR WILL OPERATE WITHOUT INTERRUPTION. IN NO EVENT WILL BLUENERGIES BE LIABLE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, NEGLIGENCE, OR STRICT

LIABILITY, FOR ANY DAMAGES OR ANY KIND (INCLUDING, WITHOUT LIMITATION, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE DAMAGES, LOST PROFITS, LOSS OF USE, LOSS OF DATA, PERSONAL INJURY, FINES, FEES, PENALTIES OR OTHER LIABILITIES), WHETHER OR NOT BLUENERGIES IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, RESULTING FROM THE USE OF, OR THE INABILITY TO MAKE USE OF, THIS WEBSITE OR THE CONTENT.

INDEMNITY

Visitors to this website agree at all times to indemnify, defend and hold harmless BluEnergies from all claims, liabilities, damages, costs, expenses, losses (including reasonable legal fees and expenses), sustained, incurred, or paid by BluEnergies directly or indirectly in respect of: (i) any information or other content a visitor provides on or through this website or which is sent to BluEnergies by email or other correspondence; or (ii) a visitor’s use or misuse of the content of this website, including, without limitation, infringement claims.

STOCK QUOTES

All quotes are delayed at least 20 minutes unless otherwise stated and are believed to be accurate but are not guaranteed or warranted by the TSX Venture Exchange or BluEnergies. Visitors and potential investors should seek independent information and advice from qualified professionals prior to making an investment.

FORWARD-LOOKING INFORMATION ADVISORY

This website contains certain forward-looking information and forward-looking statements (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements and other information are based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of information available at the time the statement was made and consider the Company’s experience and its perception of historical trends, including expectations and assumptions concerning: the accuracy of prospective resources estimates; commodity prices and interest and foreign exchange rates; the performance of assets and equipment; capital efficiencies and cost-savings; applicable laws and government policies; future exploration and development operations; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour, services and infrastructure; the satisfaction by third parties of their obligations to the Company; the development and execution of the company’s business plan; and the receipt, in a timely manner, of regulatory and third-party approvals. All statements and information that address expectations or projections about the future, and other statements and information about the Company’s strategy for growth, expected and future expenditures or investment decisions, commodity prices, costs, schedules, prospective resource volumes, operating and financial results, future financing and capital activities, and the expected impact of future commitments are forward-looking statements. Some of the forward-looking statements may be identified by words such as “objective”, “option”, “targets”, “estimates”, “anticipated”, “extendable”, “plans”, “goal”, “strategy”, “strive”, “expects”, “proposed”, “intention”, “continue”, “may”, “will”, “opportunity”, “pursuing”, “projected”, “prospective”, “potential”, “recoverable”, “believes” and variations of such words and similar expressions.

Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to BluEnergies. BluEnergies’ actual results may differ materially from those expressed or implied by its forward-looking statements, so users are cautioned not to place undue reliance on them. Risks, uncertainties and other factors that could influence the financial and operating performance of BluEnergies include, but are not limited to, changes in general economic, market

and business conditions, such as commodity prices and interest rates; fluctuations in supply and demand for BluEnergies’ products; the successful and timely implementation of capital projects, including growth projects; competitive actions of other companies, including increased competition from other oil and gas companies or from companies that provide alternative sources of energy; labour and material shortages; actions by government authorities, including the imposition or reassessment of taxes or changes to fees and royalties, and changes in environmental and other regulations; political uncertainty; the ability and willingness of parties with whom we have material relationships to perform their obligations to us; the occurrence of unexpected events such as fires, equipment failures and other similar events affecting BluEnergies or other parties whose operations or assets directly or indirectly affect BluEnergies; our ability to find new oil and gas resources and reserves that can be developed economically or at all; the accuracy of BluEnergies’ reserves, resources and future production estimates; the cost of compliance with current and future environmental and corporate laws; risks and uncertainties associated with closing a transaction for the purchase or sale of an oil and gas property, including estimates of the final consideration to be paid or received, and the receipt of any required regulatory or other third-party approvals outside of BluEnergies’ control that are customary to transactions of this nature; the accuracy of cost estimates, some of which are provided at the conceptual or other preliminary stage of projects and prior to commencement or conception of the detailed engineering that is needed to reduce the margin of error and increase the level of accuracy; the ability to secure adequate product transportation; and risks associated with existing and potential future lawsuits and regulatory actions. The foregoing important factors are not exhaustive.

JURISDICTION

BluEnergies and this website (excluding Linked Sites or other third-party content) are based in British Columbia, Canada. The use of this website is governed by the laws of the Province of British Columbia and the federal laws of Canada. Any dispute arising out of the use of this website or these Terms of Use shall be governed by the laws of the Province of British Columbia and the federal laws of Canada applicable therein and shall be treated in all respects as a British Columbia contract without reference to the principles of conflicts of law.

In the event of a dispute, visitors to this website agree to submit to the exclusive jurisdiction of the courts of the Province of British Columbia and the federal courts of Canada. If any part of these Terms of Use is held to be invalid or unenforceable, the balance of these Terms of Use shall continue to have full force and effect.

GENERAL

These Terms of Use, including any documents referenced herein, constitute the entire agreement between BluEnergies and you pertaining to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and BluEnergies with respect to this website. A printed version of these Terms of Use and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to these Terms of Use to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. The Company’s failure to insist upon or enforce strict performance of any provision of these Terms of Use shall not be construed as a waiver of any provisions or right. If any of the provisions contained in these Terms of Use are determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions contained herein.