Run Group — General Terms and Conditions of Service

Version 1.0 — June 2026

Introduction

These General Terms and Conditions govern the consulting and advisory services provided by Run Group ("Run Group") to its clients. Run Group is a specialist consulting group focused on bringing physical products to market. Our services cover market research, product design consultation, supply chain setup, prototyping, sampling, safety certification coordination, and direct manufacturer access — eliminating intermediaries and reducing project costs at every stage.

Run Group does not, unless other is agreed in written, manufacture products. We connect clients directly to the supply chain. Our model is built on transparency, competitiveness, and long-term value.

§1 Scope of Services

(a) Run Group provides consulting services related to the development, sourcing, and commercialisation of physical products. This includes but is not limited to: product concept development, market research, Product Information Management (PIM) documentation, supply chain identification and setup, prototyping coordination, 3D print and physical sample provision, safety and certification guidance, and investor preparation materials.

(b) Physical deliverables under the initial engagement are limited to 3D prints and end samples. All further production is coordinated directly between the client and the supply chain partners identified by Run Group.

(c) Run Group acts as a facilitator and consultant. It does not take ownership of goods, does not act as a trading intermediary for physical product volumes, and is not party to manufacturing agreements entered into between the client and supply chain partners.

(d) The scope of work for each engagement is confirmed in writing prior to commencement. Any expansion of scope requires written agreement between the parties.

§2 Offer and Acceptance

(a) An engagement commences when the client has accepted Run Group's written offer or proposal. Acceptance may be communicated by email or signed document.

(b) Proposals from Run Group are valid for 30 days from the date of issue unless otherwise stated in writing.

(c) Once accepted, the agreed scope of work and fee cannot be unilaterally changed. Any modification requires written agreement from both parties.

§3 Fees and Payment

(a) Run Group's initial engagement fee is EUR 4,000. This fee covers the full market research phase and delivery of a structured PIM document that provides the client with an accurate basis for estimating manufacturing costs, planning subsequent development steps, and preparing materials for potential investors.

(b) The EUR 4,000 fee represents the complete cost of the initial phase 1. There are no hidden costs, no markup on supply chain introductions, and no fees beyond what is stated in the written proposal.

(c) Following the initial phase, there are typically 4 to 6 additional development steps leading to the final product. The cost of each subsequent step is dependent on the size and complexity of the product and will be communicated in writing before each step commences. Run Group ensures its prices are among the most competitive in the market.

(d) Payment terms are stated on the invoice. The client shall make payment within the agreed term from the invoice date.

(e) If payment is not made on time, interest shall be charged at 1.5% per month or part thereof from the due date.

(f) All fees are stated in EUR unless otherwise agreed in writing.

§4 First Meeting and Confidentiality

(a) Run Group does not sign Non-Disclosure Agreements (NDAs) prior to or at the first client meeting. The purpose of the first meeting is to understand the general concept and assess whether a collaboration is appropriate. No sensitive technical specifications or proprietary data need be disclosed at this stage.

(b) Run Group is highly experienced with NDAs and enters into them regularly at the appropriate stage of a project. Once initial alignment has been established and both parties wish to proceed, a mutual NDA can be signed before any detailed proprietary information is shared.

(c) Run Group treats all client information with professional discretion at all times, regardless of whether a formal NDA is in place.

§5 Intellectual Property and Patents

(a) It is the client's sole responsibility to ensure that the product concept, design, and any associated intellectual property does not infringe upon existing patents, trademarks, registered designs, or other intellectual property rights held by third parties.

(b) Run Group will, where relevant, draw the client's attention to potential conflicts with existing products or intellectual property identified during the course of its work. However, such observations do not constitute legal advice and do not transfer responsibility from the client to Run Group.

(c) If the client holds a patent or registered design relevant to the product being developed, Run Group will work collaboratively with the client to ensure that the final product design and supply chain specifications align with and protect that patent. This alignment is carried out through direct communication between Run Group and the client.

(d) Run Group accepts no liability for patent infringement claims arising from the client's product concept or from products subsequently manufactured by supply chain partners introduced by Run Group. The legal and commercial responsibility for intellectual property compliance rests entirely with the client.

§6 Supply Chain Access and Direct Communication

(a) A core element of Run Group's service is providing clients with direct access to vetted manufacturing and supply chain partners, without the involvement of intermediaries. This means the client communicates directly with manufacturers, pays manufacturers directly, and retains full control over the production relationship going forward.

(b) Run Group does not add a margin to supply chain costs. The client's access to competitive manufacturing pricing is direct and unmediated.

(c) Run Group's role in the supply chain relationship is to identify, vet, and introduce suitable partners, to coordinate the initial stages of the production setup, and to provide guidance on communication, specifications, quality requirements, and logistics. Ongoing commercial relationships between the client and supply chain partners are the client's own responsibility once established.

§7 Liability

(a) Run Group's total liability in connection with any engagement is limited to the fees paid by the client to Run Group for the specific phase of work in which the issue arose. Run Group is not liable for consequential losses, loss of revenue, loss of market opportunity, or any indirect loss of any kind.

(b) Run Group is not liable for the actions, delays, quality failures, or performance of manufacturing or supply chain partners introduced to the client. Once a direct relationship has been established between the client and a supply chain partner, Run Group's responsibility in relation to that partner's performance ceases.

(c) Run Group is not liable for delays caused by force majeure events including but not limited to natural disasters, war, pandemic, significant disruption to international shipping, or regulatory changes that materially affect the product category.

(d) The client is fully responsible for ensuring the legality of the product in the markets where it intends to sell. Run Group assists with safety certificate coordination but does not guarantee regulatory approval in any jurisdiction.

§8 Certifications and Safety

(a) Run Group coordinates the process of obtaining relevant safety certifications for the client's product, including but not limited to CE marking, RoHS, and other applicable standards for the product category and target markets.

(b) Certification coordination is included within the relevant phase of the project as agreed in writing. The cost of third-party testing laboratories and certification bodies is borne by the client and is communicated in advance.

(c) Run Group does not certify products itself. All certifications are issued by accredited third-party bodies.

§9 Copyright and Materials

(a) All work product, reports, PIM documents, market research, and materials produced by Run Group during an engagement remain the property of the client upon full payment of the relevant phase fee.

(b) Run Group retains the right to reference the general nature of a completed engagement without disclosing confidential client information for the purpose of describing its service capabilities, unless the client has expressly requested otherwise in writing.

§10 Governing Law and Disputes

(a) These terms and any agreement entered into under them are governed by Danish law.

(b) Any dispute that cannot be resolved by negotiation between the parties shall be referred to the ordinary Danish courts, with the Copenhagen City Court as the court of first instance.

§11 Amendments

(a) Run Group reserves the right to update these General Terms and Conditions. Clients will be notified of material changes. The terms applicable to a specific engagement are those in effect at the time the written proposal was accepted.

Publisher

The website is owned and published by:

Run Group ApS Lavendelstræde 17C 1462 Copenhagen K Denmark Phone: +45 71 99 58 25

General Terms and Conditions last updated: June 2026