3.6.Daarnaast hebben [geïntimeerde] en [bedrijf] ook op 24 april 2020 een
Side Lettergetekend, met voor zover van belang de volgende inhoud:
“l. The amounts paid by the Contractor [ [geïntimeerde] , hof] under the Supply Agreement are a payment for the formworks listed in the Supply Agreement as received at Site and are an advance payment for the Subcontract Works to be carried out by the Subcontractor [ [bedrijf] , hof] under the Subcontract. The advance payment guarantee customarily required to cover an advance payment will be replaced by the transfer of ownership of the formworks listed in the Supply Agreement;
2. Ownership of the formworks listed in the Supply Agreement as received at Site will be of the Contractor until completion of the Works or unless the Contractor exercises its right to demand a buy-back to the Subcontractor as better defined below;
[…]
4. The value of the formworks under the Supply Agreement is as follow;
a. The formworks for the BASEMENT are worth 729 .021,20 EUR […]
5. We hereby confirm and agree that the Contractor, for the entire duration of the Subcontract Works and for a period of I (one) year thereafter, shall have an absolute right at its discretion to demand to the Subcontractor that the Subcontractor purchases back the Formworks bought by the Contractor under the Supply Agreement, in whole or in part, for the same value as the Formworks have been sold to the Contractor by the Subcontractor under the Supply Agreement, and the Subcontractor is obliged to buy them back and shall have no right to refuse or raise any objection in any case whatsoever (the "Buy Back").
6. For the sake of clarity and in consideration that the purchase of the Formworks under the Supply Agreement is an advance payment for the purposes of the Subcontract Works, the Buy Back shall be of the same value of the amount paid by the Contractor under the Supply Agreement for the Formworks notwithstanding any wear and tear, usage, handling, damage and/or state of the Formworks at the time the Buy Back is exercised by the Contractor. […]
10. Notwithstanding anything to the contrary in the Agreements and/or the Side Letter, or the fact that the Formworks will become property of the Contractor once they reach the Site, the Formworks shall always be under the full responsibility of the Subcontractor in terms of care, loading, unloading, storing, handling, transport, assembly, disassembly, installation, testing, inspection, maintenance and cleaning in accordance with the best practice. […]
11. The Subcontractor represents and warrants to the Contractor that the Formworks are bought by the Contractor under the Supply Agreement only as a guarantee of the advance payment in lieu of an advance payment guarantee. Therefore, it is the Subcontractor’s risk and responsibility to provide all the formworks required for the Subcontract Works (excluding formworks for verticals) in quantity and quality sufficient to comply with the Subcontract and the Work Schedule and the Subcontractor shall not have any claim for lack of formworks (in quality and quantity) required to carry out the Subcontract Works. […]
13. This Side Letter is supplemental to the Subcontract and the Supply Agreement. In case of any conflicts or ambiguities between the terms and conditions of this Side Letter and/or those of the Subcontract or the Supply Agreement, the terms and conditions of this Side Letter shall prevail.”