MARKETING
SERVICES PUBLIC OFFER
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PSV
GAMES STUDIO LTD,
a legal entity
duly incorporated and operating under the laws of Seychelles,
residential address: 103
Sham Peng Tong Plaza, Victroria, Mahe, Seychelles,
company number: 200350
(hereinafter the “Contractor”),
on the one hand, and
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Every
duly incorporated legal entity and private entrepreneur or natural
person acting on the legal basis, that accepts the terms and
conditions listed herein (hereinafter referred to as the
"Customer"),
on the other hand,
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the
Customer and the Contractor are collectively referred to as the
"Parties"
and individually as the "Party",
the Customer having acceded to this Marketing Services
Public Offer (hereinafter referred to as the "Agreement"),
agree as follows:
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SUBJECT
MATTER
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Under
the terms of this Agreement the Contractor undertakes to provide
the marketing services specified in this Agreement involving
means of electronic communication, and the Customer undertakes
to share the part of the revenue arising from such marketing
services.
This
Agreement constitutes a public offer. It means that the
Contractor on indiscriminate basis offers its services to every
party that fulfills the conditions stipulated for the Customer
and accepts the terms envisaged herein.
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CONTRACTOR’S
OBLIGATIONS
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The
Contractor shall:
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provide
an integration of the third-party advertisement with purpose of
generating profit from display of such advertisement to the end
users of the App to the inure of the Customer and the
Contractor (hereinafter
the “Services”);
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provide
the Customer with an access to up-to-date advertisement
statistics, though it is not warranted to be uninterrupted and
precise, generated at the personal profile of the Customer on
the Contractor’s website (hereinafter the “Site”);
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prepare
monthly report (via email) of advertisement statistics for the
respective month no later than within 25 (twenty-five) calendar
days after the end of the reporting month for approval of the
Customer;
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settle
payments of the Customerx’s revenue share part pursuant
to the provisions of Section 4 of the Agreement;
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rely
upon this Agreement
and the applicable legislation and ensure such quality of
providing the Services that conforms to the requirements
commonly applied to the services of this kind.
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CUSTOMER’S
OBLIGATIONS
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The
Customer shall:
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register
a personal profile on the Site;
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set
up and properly integrate the file “app-ads.txt” at
its App intended for the proper advertisement, fulfill any
other requirements of the application store platform to the
developer that are preconditions for enabling advertisement in
the App, and to provide a written notification to the
Contractor (via email) with request to begin an advertisement
integration;
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check
and approve monthly report pursuant to the provisions of
Section 4;
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warrant
and ensure that the App fulfills the requirements of the
appropriate legislation and rules applicable to the type of the
advertisement that is ordered by the Customer, including but
not limited to the allowed scope of end users to which such
advertisement shall be demonstrated.
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PAYMENT
TERMS FOR THE SERVICES
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The
Contractor shall share with the Customer 90% (ninety percent) of
overall monthly revenue generated from total views, these 90%
(ninety percent) comprising due Total Revenue for the duration
of this Agreement and for the period while the App is listed at
a legally registered application store platform such as Google
Play, App Store, etc. If the App at any time will be deleted or
banned from the application store platform such App shall be
excluded from this Agreement and no advertisement integration
shall be provided, until the App is restored or allowed to be
placed at application store platform.
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The
Total Revenue shall be determined on the basis of the monthly
reports that shall be prepared by the Contractor pursuant to
clause 2.1.2 no later than on 25th
(twenty-fifth) day of each month for the preceding month.
4.2.1.
The due percent of the monthly Total Revenue shall be settled only
after the monthly report is approved by the Customer.
4.2.2.
The Customer shall approve such monthly reports within 5 (five)
business days since the report is provided by the Contractor, the
acceptance of the report shall be confirmed by the invoice issued
by the Customer to the Contractor on the basis of the respective
report, or to provide its motivated objection to the information
stated in the report.
4.2.3.
The report shall be deemed to be approved upon the expiration of
the designated term, if the Customer at any stage fails within
this period to provide a decisive reply. In case of the objections
the Contractor shall provide an explanation or to correct the
report within 5 (five) business days.
4.2.4.
The Customer has 3 (three) business days to approve the corrected
or explained report. If the Customer still disapproves the report,
the Agreement shall be deemed terminated since the date when such
notification is received by the Contractor, without prejudice to
Contractor’s obligation to settle the amount due pursuant to
the last report according to the calculations provided therein.
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The
integration fee shall be EUR 1 (one) and it shall be included in
the first invoice.
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The
Contractor's
payment obligation shall be considered dully performed upon
debiting of the full due amount from the Contractor's bank
account. All transactional expenses, including bank commission,
in respect of payment shall be borne by the Customer in full
(100% of such transactional expenses).
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All
payments under this Agreement shall be settled in euro by
means of a wire transfer to the bank accounts specified in the
Agreement or provided by the Parties additionally in writing
(including via email) within 60 (sixty) calendar days since the
end of the period specified in clause 4.2 or any other
applicable deadline but not earlier than the respective report
is agreed by the Parties.
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LIABILITY
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For
failure to perform or improper performance of obligations under
the Agreement, the Parties shall be liable in accordance with
the provisions of the Agreement and applicable law. The Parties
have also agreed that the amount of losses to be reimbursed is
limited to all funds paid pursuant to the Agreement within the
last month before the reason for liability has occurred or to
EUR 5,000 (five thousand),
whichever is higher.
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The
Contractor shall indemnify the Customer from any claims,
requests etc. related to the violation of the Contractor's
obligations under the Agreement. If in the result of violation
by the Contractor of its obligations or guarantees provided for
hereunder, any third-party files a claim for violation of its
intellectual property rights, the Contractor shall independently
settle such claims and reimburse the Customer for the entire
amount of the losses inflicted. In this case, the Customer shall
provide the Contractor with the opportunity to negotiate and
settle the claims independently and at its own expense and shall
not recognize any violations without the prior consent of the
Contractor. This clause does not apply, and the Contractor shall
not be liable if any third-party complaints, claims, or requests
arise as a result of:
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the
violation by the Customer of the terms of this Agreement,
and/or
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the
violation by the Customer of the provisions of any applicable
law, and/or
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the
Customer's failure to comply with its obligations or guarantees
provided for in this Agreement.
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In
addition, the Contractor shall not be liable and shall not
reimburse to the Customer for any amount of losses inflicted as
a result of payment by the Customer of any reimbursements to
third parties, except on the basis of the relevant court
decision, if such amounts of reimbursements have not been
previously agreed with the Contractor, and if the Customer has
not provided the Contractor with the opportunity to negotiate,
participate in the court proceeding and independently settle the
claims.
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For
untimely payment due to the Contractor, the Contractor has the
right to claim a penalty from the Customer in the amount of
0.05% (five hundredths of a percent) of the untimely amount paid
for each day of delay, but no more than 5% (five percent) of the
due sum.
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The
Contractor explicitly disclaims any liability for any actions
performed in the name of the Customer from its personal profile
on the Site. The Customer is ultimately responsible for securing
its login credentials and acknowledges that the Contractor shall
not reimburse any damages caused by third parties using
unauthorized access to the Customer’s personal profile.
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In
any case, the termination or cancellation of the Agreement shall
not affect the provisions of this Section.
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FORCE
MAJEURE
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The
Parties shall not be liable for failure to perform its
obligations under this Agreement if it was caused by inevitable
forces (force majeure) that could not be predicted by any Party.
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In
case when inevitable force (force majeure) will stay present for
longer than 1 (one) month, both Parties have the right to
terminate this Agreement, by informing other party in writing,
not later than within 10 (ten) calendar days before the desired
date of termination. In this case only the provided Services are
being paid for.
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Force
majeure is extraordinary events, namely: war or military
actions, epidemics, fires, natural disasters, accidents in the
networks of energy, changes in the current legislation that can
prevent the execution of obligations under this Agreement or
cause changes to pricing and execution order, and any other
events that may be recognized by the court as a circumstance of
force majeure.
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Party
for which it becomes impossible to execute this Agreement
because of inevitable force (force majeure), shall notify the
other party about this within 10 (ten) days after the occurrence
of such circumstances. Late notice of inevitable force appearing
(force majeure) makes it impossible for such party to refer to
them.
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Appearing
of the circumstances of inevitable force (force majeure) is
confirmed by the documents issued by the competent authorities.
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If
a Party fails to fulfill the requirements established in clause
6.4 of this Agreement, it shall not be entitled to invoke the
occurrence of such circumstances and as a basis for exemption
from liability.
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DISPUTES
RESOLUTION
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Any
dispute, controversy or claim arising
out of or in connection with this Agreement shall be settled by
the way of amicable negotiations between the Parties.
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If
any dispute, controversy or claim arising
out of or in connection with this Agreement or
the breach, termination or invalidity thereof
cannot be settled by the way of amicable negotiations,
they shall be finally settled by arbitration in accordance with
the Arbitration Rules of the Arbitration
Institute of the Stockholm Chamber of Commerce.
The
arbitral tribunal shall be composed of a sole arbitrator.
The
seat of arbitration shall be London.
The
language to be used in the arbitral proceedings shall be
English.
This
Agreement shall be governed by the substantive law indicated in
clause 10.1.
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In
case the arbitration clause is found void or unenforceable for
any reason, the Parties agree that the respective dispute,
controversy or claim shall
be resolved by the courts of England and Wales.
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By
accepting the terms of the Agreement, the Customer waives its
right to judicial settlement of any dispute, controversy or
claim, and agrees not to participate in any collective or class
action lawsuit against the Contractor.
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TERM
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This
Agreement comes into effect from the date when the Customer
registers personal profile on the site, which shall be an
Effective Date. The respective provisions on obligation to
provide the advertisement integration services and all
consequent provision become obligatory for the Contractor since
the Customer notifies the Contractor of the successful
integration of the file “app-ads.txt” and requests
the advertisement integration.
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The
provisions of the Agreement shall be effective from the moment
specified in paragraph 8.1 hereof and is valid until
the file “app-ads.txt”
is removed by The
Customer from the App, without prejudice to other provision of
the Agreement.
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In
case the App or the Customer’s account at the respective
application store platform is banned for the violation of the
community rules or applicable legislation the Agreement shall be
deemed suspended for the duration of such a ban with respect to
the App that is banned or that is listed under the banned
account or the Agreement can be terminated by each Party anytime
during such suspension upon written notice (including sent via
email) with immediate effect.
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A
unilateral termination of the Agreement is possible, if one
Party provides the written notification to the other Party no
later than 30 (thirty) calendar days before the desired date of
termination of the Agreement.
The Agreement shall be deemed early terminated from the day
following the thirtieth day after such notification, unless
otherwise is provided by the separate agreement between the
Parties, this Agreement or applicable legislation.
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The
termination does not occur earlier than the last invoice is
settled by the Contractor. In
any case, the termination
of the Agreement does not relieve the Parties from fulfillment
of obligations and liability for violations that occurred during
the term of validity of this Agreement. In case the grounds for
the termination has arisen due to the disagreement over the
monthly report, the Contractor shall settle the last payment
corresponding to figures presented in the respective report.
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CONFIDENTIALITY
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In
the event that one Party transfers to the other Party
information marked as "confidential" or designated as
such at a time of oral disclosure (hereinafter the "Confidential
Information"), the Parties undertake to maintain
confidentiality with respect to such Confidential Information,
received from each other or made known to them during the
execution of this of the Agreement, not to disclose or disclose
in general or in particular Confidential Information to any
third party without the prior written consent of the other
Party, take security measures when storing and processing such
Confidential Information not less stringent than they apply to
their own Confidential Information, but in any case, no less
stringent measures than the minimum necessary to maintain the
confidentiality of such information.
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If
it is necessary to disclose Confidential Information, with the
written consent of the Party to which this information belongs,
to third parties for the purpose of fulfilling the Agreement,
including its own employees, the disclosing Party is obligated
to make sure that such third parties are bound by
confidentiality obligations no less strict than those stipulated
by the Agreement.
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If
it is necessary to disclose Confidential Information at the
request of state authorities, the Parties are obliged to notify
the Party that owns such information within a reasonable time
before disclosing, as well as to provide reasonable assistance
in legal protection from the requirement of such disclosure.
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In
case of violation of the terms of this Section 9, the Party that
committed the violation shall pay the injured Party a fine of
EUR 10,000 (ten thousand) for each violation. The Party that
received the payment request shall reimburse this penalty within
5 (five) business days from the receipt of the request for the
reimbursement of the fine.
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FINAL
PROVISIONS
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All
legal relations arising in regard to this Agreement or are
related to it, including the ones connected with validity,
execution, fulfillment, amendment and termination of this
Agreement, interpretation of its terms, determining of
invalidity consequences or breach of the Agreement are regulated
by this Agreement and by
the substantive law of England and Wells, without regard to its
conflict of laws principles.
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After
the Customer accedes to this Agreement all previous
negotiations, communications, previous agreements, protocols of
intention and any other agreements of the Parties in written or
oral forms related to the matters that in one way or another
concern this Agreement shall lose validity although they can be
taken into consideration when the terms of this Agreement are
interpreted.
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The
Parties shall bear all legal consequences related to the
correctness of information in regard to the details provided by
them to each other and are obliged to inform another Party of
any change in a writing within the reasonable time. If the Party
fails to notify the other Party, it assumes all risks related to
such failure. The details of the Contractor are as follows:
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PSV
GAMES STUDIO LTD
Company
number: 200350
Registered
address: 103 Sham Peng Tong Plaza, Victroria, Mahe, Seychelles
Email
for communications: ___________
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The
transfer of rights and obligations under this Agreement by one
of the Parties to the third parties is permitted only if
approved in writing by another Party.
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The
Contractor can modify or amend the terms and conditions of the
Agreement upon written notification of the Customer (including
sent via email). Any amendments to and modifications of this
Agreement shall be effective and can be taken into consideration
since the moment of such written notification is made, unless
otherwise envisaged by the respective amendment or notification.
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Each
Party shall independently settle its own taxes and duties
imposed according to applicable legislation.
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The
Parties agreed that this Agreement may be executed in a hard
copy within reasonable time upon request of either Party.
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Version
1.0
Dated
of July 2020
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