Dated 2019
Dated 2019
Dated 2019
PIEXGO LIMITED
AND
[insert name]
SERVICE AGREEMENT
SERVICE AGREEMENT
This Service Agreement is entered and executed into this _____ day of
__________________, 2019 by and between:
PIEXGO LIMITED, a company limited by shares, organized and existing under the
laws of British Virgin Islands, with its head office located at Unit 8, 3/F, Qwomar
Trading Complex, Blackburne Road, Port Purcell, Road Town, Tortola, British Virgin
Islands, VG1110, (hereinafter referred to as the "COMPANY")
-and-
2 PROVISION OF SERVICES.......................................................................................3
3 SERVICE FEES..........................................................................................................3
5 PIEXGO’S OBLIGATIONS..........................................................................................7
6 GENERAL OBLIGATIONS..........................................................................................8
7 INTELLECTUAL PROPERTY.....................................................................................8
11 CONFIDENTIALITY..................................................................................................10
12 PERSONAL DATA.....................................................................................................11
13 GOVERNING LAW...................................................................................................11
14 SEVERABILITY........................................................................................................ 11
2
15 AMENDMENTS........................................................................................................ 11
16 WAIVER.................................................................................................................... 11
17 COUNTERPARTS.....................................................................................................11
18 ENTIRE AGREEMENT.............................................................................................11
SCHEDULE 1 - SERVICES..................................................................................................13
DETAILS
Date
Parties
(B) Name x
Registration number [insert]
Short form name Service Provider
Notice details [insert address]
Email: [insert]
RECITALS
A Service provider has agreed to provide the Services to PIEXGO upon the terms and
conditions set out in this Agreement.
1
2
THE PARTIES AGREE AS FOLLOWS:
“Applicable Laws” means as the context requires, all laws, statutes, subsidiary
legislation, rules, codes, guidelines, regulations, orders, treaties or directives having
force of law in any jurisdiction in which Service Provider or PIEXGO (whether on its
own account or as agent) carry on business or to which Service Provider or PIEXGO
(whether on its own account or as agent) may be subject, and which are or may
become applicable to this Agreement, the performance of parties' obligations under
this Agreement or the Services;
(c) all other information and documents which have been provided by a party to
the other party for the purposes of performing the Services under this
Agreement that are of a confidential nature and not in the public domain;
“RMB” or “¥” means the lawful currency of the People’s Republic of China;
“USD” or “US$” means the lawful currency of the United States of America.
3
(c) a reference to a statute, regulation, proclamation, ordinance or by-law
includes all statutes, regulations, proclamations, ordinances or by-laws
amending, consolidating or replacing it, whether passed by the same or
another Government Agency with legal power to do so, and a reference to a
statute includes all regulations, proclamations, ordinances and by-laws issued
under that statute;
(e) words denoting the singular shall include the plural and vice versa and words
denoting any gender shall include all genders; and
(f) the use of the words “includes” or “including” when introducing an item or
list of items does not limit the meaning of the words which follow to that item
or those items or to items of a similar kind.
2.1 The Service Provider shall provide the Services to PIEXGO throughout the term of
this Agreement upon the terms and conditions set out in this Agreement and in
accordance with all other requirements, procedures and guidelines agreed by the
parties from time to time.
3 SERVICE FEES
3.1 PIEXGO agrees to pay to the Service Provider a fee for the provision of the Services
in the amount set out in Schedule 1 or as otherwise mutually agreed by the parties
(the “Service Fees”).
3.2 With respect to the Services as set out in Schedule 1, PIEXGO shall pay a monthly
retainer fee of the Services described to the satisfaction of PIEXGO. Upon PIEXGO
notifying to the Service Provider that it is satisfied with the delivery of the service, the
Service Provider shall render an invoice to PIEXGO for the Service Fees (as set out
in Schedule 1), and such invoice shall be due and payable by PIEXGO within 30
days of the date of receipt of that invoice.
4.1 Service Provider will maintain during the term of this Agreement sufficient numbers of
employees and other necessary resources to perform the Services. In addition, the
Service Provider shall ensure that all employees responsible for the provision of the
Services to PIEXGO are competent, aware of the relevant legal and regulatory
requirements and have the requisite skills, knowledge and experience to perform the
Services.
4
4.2 The Service Provider is aware of and understands fully PIEXGO’s obligations under
the Applicable Laws. The Service Provider shall at all times observe and perform its
own obligations and assist PIEXGO in complying with the relevant regulatory
requirements concerning the functions that it provides as service provider; and, in
performing such functions and services, refrain from doing any act or thing or permit
any act or thing to be done so as to render PIEXGO unable to perform or effectively
perform its part of the obligations under any Applicable Laws.
(b) in accordance with the requirements of PIEXGO as set out in this Agreement
and such other reasonable instructions and procedures of PIEXGO notified to
Service Provider from time to time; and
4.4 Service Provider shall notify PIEXGO as soon as practicable of any developments
which may have a material adverse impact on Service Provider's ability to meet its
material obligations under this Agreement.
4.5 Service Provider shall ensure that it has a business continuity plan in relation to the
Services in place at all times during the term of this Agreement in order to minimise
disruption to PIEXGO’s businesses due to unforeseen events which prevent the
proper performance by Service Provider of its obligations under this Agreement.
(a) appropriate and adequate systems and controls are in place to identify,
assess, monitor and manage risks to its operations;
(c) there is periodic testing or review of its systems and controls, including its
business continuity plans;
(d) it takes all reasonable measures to maintain the integrity and security of the
transmission and storage of its information concerning the Services rendered
to PIEXGO;
(e) it renders all forms of assistance as shall be desirable or necessary and use
its best endeavours to enable PIEXGO to respond satisfactory to any query
by or request from any Government Agency for information concerning the
Services rendered to PIEXGO; and
(f) it retains all records relating to the Services rendered to PIEXGO for a period
of not less than 5 years from the effective date of termination of this
Agreement or such longer period as required by any Applicable Laws.
5
5 PIEXGO’S OBLIGATIONS
(a) provide to Service Provider all support, information, policies, instructions and
access to PIEXGO’s personnel necessary to enable Service Provider to
perform the Services under this Agreement; and
6 GENERAL OBLIGATIONS
6.1 The Service Provider shall provide to PIEXGO (promptly after being asked for it and
where permissible in light of legal privilege and any legal restrictions, including
confidentiality obligations) all information requested by (i) any Government Agency;
or (ii) any internal or external auditors of PIEXGO, to the extent that such information
relates to any of the Services the subject of this Agreement.
6.2 In addition to PIEXGO’ rights under clause 6.1, Service Provider shall, upon the
reasonable request of PIEXGO, allow PIEXGO and its auditors to have access to any
records kept by Service Provider in respect of the provision of Services under this
Agreement subject to legal privilege and any legal restrictions including confidentiality
obligations.
6.3 PIEXGO may monitor and review the Service Provider’s performance of the Services
and its compliance with the terms of this Agreement. The Service Provider must
permit PIEXGO to conduct such monitoring and review upon reasonable notice to the
Service Provider, and provide to PIEXGO such assistance and information as required
by PIEXGO to conduct such monitoring and review. PIEXGO is entitled to conduct this
monitoring and review at least twice each year and at such additional times as the
Service Provider may approve upon the request of PIEXGO, which approval is not to
be unreasonably withheld or delayed.
7 INTELLECTUAL PROPERTY
7.1 Service Provider grants to PIEXGO a non-exclusive licence and right on a royalty-
free and perpetual basis, to use such Intellectual Property owned by, or licensed to,
the Service Provider that are required for PIEXGO to receive and/or enjoy the benefit
of the Services.
The Employee hereby assigns to the Company all rights, including without limitation,
copyrights, patents, trade secret rights, and other intellectual property rights
associated with any ideas, concepts, techniques, inventions, processes, work of
authorship, Confidential Information or trade secrets:
6
or any affiliate of the Company, or the predecessors of any such
entities, whether as an employee or independent contractor;
(iv) Or any other which are developed or created by the Employee, solely
or jointly or result from any work the Employee performs for the
company;
8.1 This Agreement shall take effect from [10th May 2019], and continue until terminated
by either party giving to the other not less than three months' prior written notice or is
otherwise terminated in accordance with the provisions of this Agreement.
8.2 In addition to such express rights of termination as may be provided for elsewhere in
this Agreement, either party may terminate this Agreement immediately on notice to
the other party if:
(a) the other party is in material breach of any term of this Agreement and such
breach is incapable of remedy or, if capable of remedy, fails to remedy that
breach within 30 days’ notice from the terminating party requiring remedy; or
(b) the other party ceases to carry on its business or has a liquidator, receiver or
administrative receiver appointed to it or over any part of its undertaking or
assets or passes a resolution for its winding up (otherwise than for the
purpose of a bona fide scheme of solvent amalgamation or reconstruction
where the resulting entity will assume all of the liabilities of it) or a court of
competent jurisdiction makes an administration order or liquidation order or
similar order over the other, or the other party enters into any voluntary
arrangement with its creditors, or is unable to pay its debts as they fall due.
(a) if requested by the other party, each party shall return to the other party all
reports, paper, materials and other information that was provided to such
party for the purposes of performing its obligations under this Agreement
(provided that such party is not required by any law to retain such
information);
(b) Service Provider shall co-operate with, and assist, PIEXGO in ensuring a
smooth migration of the Services to an alternative service provider; and
7
(c) each party shall assist the other party in the orderly termination of this
Agreement and any of the Services provided under this Agreement.
8.4 Upon termination, the parties are released from their obligations under this
Agreement and neither party shall be under any obligation to the other party except:
(b) under clauses 4.6(f), 6.1, 7, 8.3, 11, 12, and 13, all of which continues to
survive after termination.
9.1 This Agreement shall not be assigned or transferred by the Service Provider unless
with the prior written consent of PIEXGO. PIEXGO may assign or novate any or all of
its rights and obligations under this Agreement without the consent of any other party.
9.2 The Service Provider may not delegate or sub-contract the provision of all or any part
of the Services to any person without the prior written consent of PIEXGO.
10.1 Nothing in this Agreement shall be deemed to constitute a partnership, joint venture
between the parties nor constitute any party as the agent of any other party for any
purpose.
10.2 This Agreement must not be construed and the performance of the Services must not
be regarded as authorising the Service Provider to act on PIEXGO’s behalf for any
purpose whatsoever.
10.3 All employees hired or retained by the Service Provider to perform the Services shall
not be deemed to be personnel of PIEXGO, and all salaries and compensation
payable to them shall not be the responsibility of PIEXGO.
10.4 The Service Provider shall not be entitled, nor shall it purport or attempt in any
manner to: (i) incur any indebtedness in the name or for and on behalf of PIEXGO;
(ii) agree to execute any contract or agreement or arrangement in the name of or for
and on behalf of PIEXGO; or (iii) otherwise bind (whether legally or otherwise)
PIEXGO in any manner whatsoever, in each case, without the prior written consent
or direction of PIEXGO.
10.5 The Service Provider is liable for and indemnifies PIEXGO against any claim,
damages, expenses, costs, liability or loss arising out of or in connection with a
breach by the Service Provider of this clause 10.
11 CONFIDENTIALITY
11.1 Subject to clauses 11.1 and 11.2, each party undertakes during the term of this
Agreement and at any time thereafter that it:
(a) shall not use any Confidential Information for any purpose other than the
performance of its respective obligations under this Agreement;
8
(b) shall not disclose any Confidential Information to any person except with the
prior written consent of the other party; and
(c) shall make every effort to prevent the unauthorised use or disclosure of the
Confidential Information.
11.2 Each party may disclose any Confidential Information to its directors, officers,
employee’s sub-contractors, professional advisers and its affiliates to the extent that
such disclosure is necessary for the purposes of this Agreement. Before disclosure
by a party of any Confidential Information to such a recipient, that party shall ensure
that such recipient is made aware of and complies with its obligations of
confidentiality under this Agreement as if such recipient was a party to this
Agreement.
11.3 The obligation of confidentiality contained in clause 11.1 shall not apply to
Confidential Information which:
(a) at the time of its disclosure by a party is already in the public domain or which
subsequently enters the public domain otherwise than by breach of the terms
of this Agreement; and
11.4 Each party shall, subject to any applicable intellectual property rights, forthwith upon
termination of this Agreement for any reason or upon the receipt by it of a written
request from the other, return all written Confidential Information provided to it and
shall either return or destroy to the extent possible all notes, memoranda and other
stored information (including information stored in any computer system or other
device capable of containing information whether in readable form or otherwise)
prepared by it which relate to any Confidential Information, whether or not any of the
same are then in its possession and it will, upon receipt of a written request from the
other party, confirm in writing that all Confidential Information has been returned or
destroyed. Where required to retain Confidential Information or other stored
information by Applicable Law or for fiscal, tax, legal or regulatory reasons, each
party shall retain such documents as required, and provide a copy to the other party
of all documents retained. The obligation of confidentiality contained in clause 11.1
shall continue to apply after termination of this Agreement, except under the
conditions stated in clause 11.3.
9
shall use reasonable efforts under the circumstances to avoid or remove such
causes of non-performance and shall proceed to perform with reasonable dispatch
whenever such causes are removed or ceased. An act or omission shall be deemed
within the reasonable control of a party if committed, omitted or caused by such
party, or its employees, officers, agents or affiliates.
Upon agreeing on this Service Agreement, you are voluntarily agreeing that no time
during the term of this agreement with the company will you engage in any business
activity which is competitive with the PIEXGO LIMITED nor work for any company
which competes with PIEXGO LIMITED.
For a period of one (1) year following the termination of this Service Agreement, you
are hereby prevented to be engaged in any business activity which competes with
the PIEXGO LIMITED.
14 PERSONAL DATA
Each party undertakes to comply with all Applicable Laws regarding the protection
and usage of personal data in connection with its performance of this Agreement.
Any violation of any provision hereof, any incomplete or mistaken performance of any
obligation provided hereunder, any misrepresentation made hereunder, any material
nondisclosure or omission of any material fact, or any failure to perform any
covenants provided hereunder by any Party shall constitute breach of this
Agreement. The Breaching Party shall be liable for any such breach pursuant to the
applicable laws of British Virgin Islands.
16 GOVERNING LAW
11.5 This Agreement shall be governed by and construed in accordance with the laws of
the British Virgin Islands.
12 SEVERABILITY
13 AMENDMENTS
14 WAIVER
AnydelaormisuftxcghdypvoenrsiAmlatcuwvofnypisrhAgemtadl ’osnfrcypviexaghtudsAmn.
15 COUNTERPARTS
10
16 ENTIRE AGREEMENT
This Agreement supersedes all previous agreements in respect of its subject matter
and embodies the entire agreement between the parties in respect of its subject
matter.
IN WITNESS whereof the parties have duly executed this Agreement on the day and year
first above written.
Signed by Signed by
11
SCHEDULE 1- SERVICES
Services Fees
[insert amount]
12