Document:

ex10-3.htm

Exhibit 10.3

Commission Sales Agreement

THIS AGREEMENT is between  Inbit Corp., hereinafter referred to as "Company", and “Gasefunt Aloe & Partners”, hereinafter referred to as "Sales Representative".

WHEREAS, Company is engaged in the marketing and sale of Services and WHEREAS, Sales Representative desires to sell Company's services in accordance with the terms and conditions of this Agreement.

NOW, THEREFORE, it is agreed as follows:

1. Company hereby appoints Sales Representative as an authorized non-exclusive independent representative to sell and promote all services provided by Company in the following geographical area: Quito (Ecuador), hereinafter referred to as "Territory".

2. Agent shall devote such time, energy and skill on a regular and consistent basis as is necessary to sell and promote the sale of Company's services in the Territory during the term of this Agreement. Weekly Sales Reports will be mandatory. Sales Representative's sales and promotional efforts shall be directed toward the following:

The aforementioned customers are intended only to be examples of the nature and type of market to which Company desires that its services be sold and should not be construed as a limitation upon the contracts that can be made by Sales Representative under this Agreement within the designated market. In addition to the foregoing, Sales Representative shall assist Company and shall perform any and all services required or requested in connection with Company's business, including, but not limited to, such services of an advisory nature as may be requested from time to time by Company. Sales Representative shall submit weekly reports, or at any time upon Company's request, submit appropriate documentation of any and all sales and promotional efforts performed and to be performed for Company pursuant to this Agreement.

3. For each contract for the performance of Company's services as arranged by Sales Representative under this Agreement, Sales Representative shall be entitled to a commission as follows:

a. (10%) percent of contract billing during the first 30 days;

b. (15 %) percent of contract billing during the first year;

c. (5%) percent of contract billing raise according to performance, and for any year thereafter.

The commission rates and time periods set forth in this paragraph shall commence as of the date of the first invoice on the contract; provided, however that no commission will be due and payable to Sales Representative until (30) days from receipt of payment of Company from any customer on the contract for any underlying invoice. Commissions will be paid on fees for services rendered by shall not include freight, supplies, and other charges incidental to the performance of said services. For purposes of this Agreement, "Contract" shall mean any agreement and/or order of Company's services sold or arranged by Sales Representative. Any and all commissions payable to Company to Sales Representative under this Agreement shall terminate on the day of the full month after termination of this Agreement and Company shall then be discharged and released of any further obligation to pay commissions to Sales Representative under this Agreement.

4. During the term of this Agreement or within year(s) after its termination, Sales Representative, or any agents or representatives under Sales Representative's control, shall not compete with Company, directly or indirectly, for Sales Representative or on behalf of any other person, firm, partnership, corporation or other entity in the sale or promotion of services the same as or similar to Company's services within the Territory. Under no circumstances and at no time shall Sales Representative disclose to any person any of the secrets, methods or systems used by Company in its business. All customer lists, brochures, reports, and other such information of any nature made available to Sales Representative by virtue of Sales Representative's association with Company shall be held in strict confidence during the term of this Agreement and after its termination.

5. This Agreement shall not create a partnership, joint venture, agency, employer/employee or similar relationship between Company and Sales Representative. Sales Representative shall be an independent contractor. Sales Representative shall not be considered an employee of Company. Sales Representative shall be free to utilize his time, energy and skill in such manner as he deems advisable to the extent that he is not otherwise obligated under this Agreement.

 

 

  

  

  

 

6. Sales Representative shall bear any and all costs or expenses incurred by Sales Representative to perform his obligation under this Agreement, including, but not limited to, vehicle insurance, travel expenses and telephone expenses.

7. The rights and duties of Sales Representative under this Agreement are personal and may not be assigned or delegated without prior written consent of Company.

8. Sales Representative is not authorized to extend any warranty or guarantee or to make representations or claims with respect to Company's services without express written authorization from Company.

9. Sales Representative shall indemnify and hold Company harmless of and from any and all claims or liability arising as a result of negligent, intentional or other acts of Sales Representative or his agent or representatives.

10. Company shall indemnify and hold Sales Representative harmless of and from any and all liability attributable solely to the negligent, intentional or other acts of Company or its employees.

11. Any notice under this Agreement shall be deemed given on the third business day following the mailing of any such notice, postage paid, to the Company’s and Sales Representative’s address accordingly.

IN WITNESS WHEREOF, the parties have hereunto executed this Agreement on the day 20 of March, 2016, to become effective immediately.

	

/s/ Viktor Zeziulia

	
 

	
Date 3/20/2016

	
“Company”

	  
	
Viktor Zeziuli

	  
	  	  
	  	  
	  	  
	

/s/ Sonro Gomez Altussa Redigo

	
 

	
Date 3/20/2016

	
“Sales Representative”

	  
	
Sonro Gomez Altussa Redigo

	  

  

2ex10-4.htm

Exhibit 10.4

Software Development and Maintenance Agreement

THIS SOFTWARE DEVELOPMENT AND MAINTENANCE AGREEMENT (“this Agreement”) is entered into by the two parties below in Quito, Ecuador on and as of March 28, 2016:

Party A: Inbit Corp.

Address: Av. Amazonas N41-125 Y Isla Baltra, Quito, Ecuador

Party B: Banda Achee Group, LLC

Address: Av. Gral. Eloy Alfaro, Quito, Ecuador

WHEREAS:

Party A is mainly specialized in the development of the cloud-based software products and has experience and resources in respect of the technical support and management relating to the said businesses;

Party B is desirous of entrusting Party A to develop the relevant software required and providing subsequent software maintenance management services on and subject to the terms and conditions as set forth below. 

 

NOW, THEREFORE, through negotiations, both parties hereby agree as follows:

1. Software Development Service and Maintenance Management

 

1.1 Subject to the terms and conditions of this Agreement, Party B hereby agrees to appoint Party A as its exclusive software development and maintenance management service provider to furnish to Party B the development service and maintenance management service, including, but not limited to:

 

1.1.1 Develop a corporate cloud-based computer system;

1.1.2 Offer software solutions based on the requirements raised by Party B regularly;

1.1.3 Install and maintain the systems used by Party B;

1.1.4 At Party B’s request, provide regular technical training for Party B’s technicians;

1.2 Under this Agreement, Party B’s appointment and authorization to Party A shall be sole, exclusive and irrevocable. Without Party A’s prior written consent, Party B shall not accept the software development and maintenance management services provided by any third party.

 

1.3 Party A shall perform the design and development of the Software according to Party B’s requirements and after initial completion, inform Party B so that Party B begins trial operation. Prior to trial operation, Party B shall complete the arrangements for the operating environment of the Software, including computer, operating system, network hardware equipment, etc. During trial operation, Party A shall provide relevant guidance and training at Party B’s request and assist Party B in formal operation after completion of trial operation.

2. Service Fee and Terms of Payment

 

2.1 Party B agrees to prepay the service fee to Party A at a rate of $2,500 (two thousand and five hundred): wire transfer or check.

 

 

  

  

  

3. Confidentiality

 

3.1 Party B shall keep in confidence any and all Party A’s technical data and information accessible or made available to it owing to the software services under this Agreement (“Confidential Information”), regardless of whether Party A has taken confidentiality actions or not. Without the prior written consent of Party A, Party B shall not disclose, divulge or transfer the Confidential Information to any third party or use it for the benefit of any third party.

3.2 Party B guarantees that it will make the Confidential Information accessible to its employees, consultants and agents on a need to know basis only for the purpose of performing this Agreement and further guarantees that such employees, consultants and agents will undertake the same confidentiality obligations as those as specified herein. Any breach of confidentiality obligations by any of such personnel shall be deemed as a breach hereof by Party B. In this case, Party B shall undertake the defaulting liabilities under this Agreement to Party A.

 

3.3 Party B shall return to Party A or destroy all documents and other carriers incorporating Confidential Information at Discloser’s option. Any memory device of Party B shall not retain or use such Confidential Information.

 

4. Effectiveness and Term

 

4.1 This Agreement shall be signed and go into effect as of the date first above written. 

4.2 Party A shall develop and maintain requested software during 4 (four) months from the date of this agreement.

5. Force Majeure

 

5.1 An Event of Force Majeure means any event that is unforeseeable to or that is foreseeable but whose happening and consequences are unavoidable and insurmountable to either party, including, but not limited to, war or natural disaster, but insufficiency of credit standing, funds or financing shall not be regarded as an Event of Force Majeure. Depending on the special nature of computer network, Events of Force Majeure shall include any of the following events affecting the normal operation of the computer network of either party:

 

5.1.1 Hacker attack or computer virus invasion;

 

5.1.2 Serious interruption caused by the technical adjustment of telecommunications department; 

5.2 Should the performance of this Agreement be delayed or hindered due to any Event of Force Majeure as defined above, the prevented party shall be exempt from any liability under this Agreement to the extent of the portion being delayed or hindered, provided, however, that the prevented party makes all reasonable efforts to perform this Agreement or reduce the impact of such Event of Force Majeure. Once the cause for such exemption is corrected and remedied, both parties agree to do their best to resume the performance of this Agreement.

 

 

  

2

  

 

6. Notices

Any notice or other communications required to be made under or pursuant to this Agreement shall be written in English and deemed to be received when delivered to the following addressees by hand delivery, registered or certified mail (postage prepaid), recognized courier service or fax:

If to Party A: Inbit Corp.

Address: Av. Amazonas N41-125 Y Isla Baltra, Quito, Ecuador

If to Party B: Banda Achee Group, LLC

Address: Av. Gral. Eloy Alfaro, Quito, Ecuador

 

7. Applicable Law

The validity, performance and interpretation of this Agreement shall be governed by Ecuadorian laws.

 

IN WITNESS WHEREOF, both parties have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

 

	Party A: Inbit Corp.	 	 
	 	 	 
	 	 	 
	

/s/ Viktor Zeziulia

	
 

	
 

	
Viktor Zeziulia, President

	  
	
 

	  
	  	  
	Party B: Banda Achee Group, LLC	 
	 	 
	  	  
	

/s/ Ahella Siruzo

	
 

	
 

	
Ahella Siruzo, CEO

	  

  

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]